DB-INVEST: what changed
What changed
DB-INVEST
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€27,492
31-12-2024 · €37,549-€10,057
Equity
€1.4m
31-12-2024 · €1.3m+€27,492
Cash
€79,291
31-12-2024 · €84,457-€5,166
Balance sheet total
€7.0m
31-12-2024 · €7.2m-€177,634
Largest movements
Assets
- Tangible fixed assets +€456,585
up €456,585 (+33.0%), from €1.4m to €1.8m
of which Land and buildings: +€597,455
- Receivables within one year -€359,992
down €359,992 (-14.2%), from €2.5m to €2.2m
of which Other amounts receivable: -€402,732
- Stocks and contracts -€268,189
down €268,189 (-8.4%), from €3.2m to €2.9m
Equity and liabilities
- Short-term financial debts -€382,418
down €382,418 (-10.8%), from €3.6m to €3.2m
- Debts after one year +€226,586
up €226,586 (+14.6%), from €1.5m to €1.8m
- Trade debts -€73,675
down €73,675 (-45.9%), from €160,394 to €86,719
Income statement
- Gross operating margin +€34,602
up €34,602 (+5.0%), from €688,232 to €722,834
- Depreciation +€31,558
up €31,558 (+19.0%), from €165,928 to €197,486
- Financial charges +€9,456
up €9,456 (+2.6%), from €360,875 to €370,332
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€37,549
Gross operating margin
+€34,602
Staff costs
+€2,133
Depreciation
-€31,558
Other operating charges
-€778
Financial income
+€456
Financial charges
-€9,456
Taxes
-€5,456
Result 31-12-2025
€27,492
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€754,507
Investment
-€654,071
Financing
-€105,602
Cash 31-12-2024
€84,457
From operations (derived)
+€754,507
Net result for the year
+€27,492
Depreciation
+€197,486
Stocks and contracts
+€268,189
Receivables within one year
+€359,992
Deferred charges and accrued income
+€872
Trade debts
-€73,675
Tax, wage and social debts
-€25,849
Investment (derived)
-€654,071
Investment in fixed assets (net)
-€654,071
Financing
-€105,602
Debts after one year
+€226,586
Current portion of long-term debt
+€50,230
Short-term financial debts
-€382,418
Cash 31-12-2025
€79,291
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,225,153 | €7,047,519 | -€177,634 | -2.5% |
| Fixed assets | 21/28 | €1,401,706 | €1,858,291 | +€456,585 | +32.6% |
| Tangible fixed assets | 22/27 | €1,383,119 | €1,839,704 | +€456,585 | +33.0% |
| Land and buildings | 22 | €892,073 | €1,489,527 | +€597,455 | +67.0% |
| Plant, machinery and equipment | 23 | €79,823 | €45,937 | -€33,886 | -42.5% |
| Furniture and vehicles | 24 | €208,672 | €174,562 | -€34,110 | -16.3% |
| Leasing and similar rights | 25 | €202,551 | €129,678 | -€72,873 | -36.0% |
| Financial fixed assets | 28 | €18,588 | €18,588 | = | 0.0% |
| Current assets | 29/58 | €5,823,446 | €5,189,228 | -€634,219 | -10.9% |
| Stocks and contracts in progress | 3 | €3,193,574 | €2,925,386 | -€268,189 | -8.4% |
| Stocks | 30/36 | €3,193,574 | €2,925,386 | -€268,189 | -8.4% |
| Amounts receivable within one year | 40/41 | €2,540,402 | €2,180,410 | -€359,992 | -14.2% |
| Trade receivables | 40 | €266,699 | €309,438 | +€42,740 | +16.0% |
| Other amounts receivable | 41 | €2,273,703 | €1,870,972 | -€402,732 | -17.7% |
| Cash at bank and in hand | 54/58 | €84,457 | €79,291 | -€5,166 | -6.1% |
| Deferred charges and accrued income | 490/1 | €5,013 | €4,141 | -€872 | -17.4% |
| Total equity and liabilities | 10/49 | €7,225,153 | €7,047,519 | -€177,634 | -2.5% |
| Equity | 10/15 | €1,337,885 | €1,365,377 | +€27,492 | +2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,317,885 | €1,345,377 | +€27,492 | +2.1% |
| Distributable reserves | 133 | €1,317,885 | €1,345,377 | +€27,492 | +2.1% |
| Provisions and deferred taxes | 16 | €161,940 | €161,940 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €161,940 | €161,940 | = | 0.0% |
| Pensions and similar obligations | 160 | €161,940 | €161,940 | = | 0.0% |
| Amounts payable | 17/49 | €5,725,328 | €5,520,202 | -€205,126 | -3.6% |
| Amounts payable after more than one year | 17 | €1,548,407 | €1,774,993 | +€226,586 | +14.6% |
| Financial debts | 170/4 | €1,548,407 | €1,774,993 | +€226,586 | +14.6% |
| Amounts payable within one year | 42/48 | €4,176,921 | €3,745,209 | -€431,712 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €152,523 | €202,753 | +€50,230 | +32.9% |
| Financial debts | 43 | €3,552,590 | €3,170,172 | -€382,418 | -10.8% |
| Credit institutions | 430/8 | €3,552,590 | €3,170,172 | -€382,418 | -10.8% |
| Trade debts | 44 | €160,394 | €86,719 | -€73,675 | -45.9% |
| Suppliers | 440/4 | €160,394 | €86,719 | -€73,675 | -45.9% |
| Taxes, remuneration and social security | 45 | €41,414 | €15,565 | -€25,849 | -62.4% |
| Taxes | 450/3 | €28,888 | €4,693 | -€24,194 | -83.8% |
| Remuneration and social security | 454/9 | €12,526 | €10,872 | -€1,654 | -13.2% |
| Other amounts payable | 47/48 | €270,000 | €270,000 | = | 0.0% |
| Non-recurring operating income | 76A | €66,172 | €26,252 | -€39,920 | -60.3% |
| Remuneration, social security and pensions | 62 | €95,109 | €92,976 | -€2,133 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,928 | €197,486 | +€31,558 | +19.0% |
| Other operating charges | 640/8 | €30,478 | €31,255 | +€778 | +2.6% |
| Gross operating margin | 9900 | €688,232 | €722,834 | +€34,602 | +5.0% |
| Operating profit (loss) | 9901 | €396,717 | €401,117 | +€4,400 | +1.1% |
| Financial income | 75/76B | €0 | €456 | +€456 | +2,277,700% |
| Recurring financial income | 75 | €0 | €456 | +€456 | +2,277,700% |
| Financial charges | 65/66B | €360,875 | €370,332 | +€9,456 | +2.6% |
| Recurring financial charges | 65 | €360,875 | €370,332 | +€9,456 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €35,842 | €31,241 | -€4,601 | -12.8% |
| Income taxes | 67/77 | -€1,707 | €3,749 | +€5,456 | |
| Profit (loss) for the period | 9904 | €37,549 | €27,492 | -€10,057 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,549 | €27,492 | -€10,057 | -26.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.