DB INSIGHTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DB INSIGHTS
Largest movements
- Financial fixed assets +€133,333
up €133,333 (+121%), from €110,030 to €243,363
- Cash +€25,177
up €25,177 (+400%), from €6,294 to €31,470
mainly Net result for the year (+€109,241) and Debts after one year (+€93,054)
- Debts after one year +€93,054
up €93,054 (+322%), from €28,902 to €121,956
- Profit (loss) carried forward +€55,741
up €55,741 (+118%), from €47,391 to €103,132
- Current portion of long-term debt +€14,596
up €14,596 (+60.9%), from €23,967 to €38,563
- Tax, wage and social debts -€5,617
down €5,617 (-77.0%), from €7,297 to €1,680
- Other debts +€4,101
up €4,101 (+15.7%), from €26,147 to €30,248
- Financial income +€40,000
up €40,000 (+400%), from €10,000 to €50,000
- Gross operating margin +€31,364
up €31,364 (+54.9%), from €57,137 to €88,500
- Taxes +€7,118
up €7,118 (+51.8%), from €13,730 to €20,848
- Financial charges +€2,608
up €2,608 (+97.9%), from €2,665 to €5,273
- Other operating charges -€1,723
down €1,723 (-75.8%), from €2,274 to €551
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,107 | €299,413 | +€161,306 | +117% |
| Fixed assets | 21/28 | €116,470 | €250,872 | +€134,402 | +115% |
| Tangible fixed assets | 22/27 | €6,440 | €7,509 | +€1,069 | +16.6% |
| Plant, machinery and equipment | 23 | €2,270 | €1,509 | -€760 | -33.5% |
| Furniture and vehicles | 24 | €4,170 | €6,000 | +€1,829 | +43.9% |
| Financial fixed assets | 28 | €110,030 | €243,363 | +€133,333 | +121% |
| Current assets | 29/58 | €21,637 | €48,541 | +€26,904 | +124% |
| Amounts receivable within one year | 40/41 | €13,673 | €15,448 | +€1,775 | +13.0% |
| Trade receivables | 40 | €13,673 | €14,097 | +€424 | +3.1% |
| Other amounts receivable | 41 | - | €1,352 | +€1,352 | |
| Cash at bank and in hand | 54/58 | €6,294 | €31,470 | +€25,177 | +400% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,622 | -€48 | -2.9% |
| Total equity and liabilities | 10/49 | €138,107 | €299,413 | +€161,306 | +117% |
| Equity | 10/15 | €49,391 | €105,132 | +€55,741 | +113% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,391 | €103,132 | +€55,741 | +118% |
| Amounts payable | 17/49 | €88,716 | €194,282 | +€105,565 | +119% |
| Amounts payable after more than one year | 17 | €28,902 | €121,956 | +€93,054 | +322% |
| Financial debts | 170/4 | €28,902 | €121,956 | +€93,054 | +322% |
| Amounts payable within one year | 42/48 | €59,814 | €72,326 | +€12,512 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €23,967 | €38,563 | +€14,596 | +60.9% |
| Trade debts | 44 | €2,403 | €1,834 | -€569 | -23.7% |
| Suppliers | 440/4 | €2,403 | €1,834 | -€569 | -23.7% |
| Taxes, remuneration and social security | 45 | €7,297 | €1,680 | -€5,617 | -77.0% |
| Taxes | 450/3 | €7,297 | €1,680 | -€5,617 | -77.0% |
| Other amounts payable | 47/48 | €26,147 | €30,248 | +€4,101 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,526 | €2,587 | +€61 | +2.4% |
| Other operating charges | 640/8 | €2,274 | €551 | -€1,723 | -75.8% |
| Gross operating margin | 9900 | €57,137 | €88,500 | +€31,364 | +54.9% |
| Operating profit (loss) | 9901 | €52,336 | €85,363 | +€33,026 | +63.1% |
| Financial income | 75/76B | €10,000 | €50,000 | +€40,000 | +400% |
| Recurring financial income | 75 | €10,000 | €50,000 | +€40,000 | +400% |
| Financial charges | 65/66B | €2,665 | €5,273 | +€2,608 | +97.9% |
| Recurring financial charges | 65 | €2,665 | €5,273 | +€2,608 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €59,671 | €130,089 | +€70,418 | +118% |
| Income taxes | 67/77 | €13,730 | €20,848 | +€7,118 | +51.8% |
| Profit (loss) for the period | 9904 | €45,941 | €109,241 | +€63,300 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €45,941 | €109,241 | +€63,300 | +138% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.