DB KWADRAAT: 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 KWADRAAT
Largest movements
- Tangible fixed assets -€182,848
down €182,848 (-5.3%), from €3.4m to €3.2m
of which Land and buildings: -€169,286
- Debts after one year -€232,405
down €232,405 (-12.2%), from €1.9m to €1.7m
- Short-term financial debts -€73,077
down €73,077 (-22.2%), from €329,750 to €256,673
of which Other loans: -€329,750
- Profit (loss) carried forward +€71,286
up €71,286 (+9.5%), from -€751,736 to -€680,450
- Other debts +€55,000
up €55,000 (+103%), from €53,549 to €108,549
- Gross operating margin -€145,053
down €145,053 (-27.3%), from €530,583 to €385,531
- Financial charges +€11,091
up €11,091 (+14.5%), from €76,670 to €87,761
- Other operating charges -€9,330
down €9,330 (-16.3%), from €57,097 to €47,766
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,775,770 | €3,582,190 | -€193,580 | -5.1% |
| Fixed assets | 21/28 | €3,421,375 | €3,238,527 | -€182,848 | -5.3% |
| Tangible fixed assets | 22/27 | €3,420,382 | €3,237,534 | -€182,848 | -5.3% |
| Land and buildings | 22 | €3,406,267 | €3,236,982 | -€169,286 | -5.0% |
| Plant, machinery and equipment | 23 | €14,115 | €553 | -€13,562 | -96.1% |
| Financial fixed assets | 28 | €993 | €993 | = | 0.0% |
| Current assets | 29/58 | €354,395 | €343,663 | -€10,732 | -3.0% |
| Amounts receivable within one year | 40/41 | €306,603 | €311,298 | +€4,695 | +1.5% |
| Other amounts receivable | 41 | €306,603 | €311,298 | +€4,695 | +1.5% |
| Cash at bank and in hand | 54/58 | €47,792 | €32,365 | -€15,427 | -32.3% |
| Total equity and liabilities | 10/49 | €3,775,770 | €3,582,190 | -€193,580 | -5.1% |
| Equity | 10/15 | €1,063,939 | €1,132,128 | +€68,189 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,335,645 | €1,335,645 | = | 0.0% |
| Reserves | 13 | €461,430 | €458,333 | -€3,097 | -0.7% |
| Tax-exempt reserves | 132 | €461,430 | €458,333 | -€3,097 | -0.7% |
| Profit (loss) carried forward | 14 | -€751,736 | -€680,450 | +€71,286 | +9.5% |
| Provisions and deferred taxes | 16 | €153,810 | €152,778 | -€1,032 | -0.7% |
| Deferred taxes | 168 | €153,810 | €152,778 | -€1,032 | -0.7% |
| Amounts payable | 17/49 | €2,558,021 | €2,297,285 | -€260,736 | -10.2% |
| Amounts payable after more than one year | 17 | €1,900,583 | €1,668,178 | -€232,405 | -12.2% |
| Financial debts | 170/4 | €1,900,583 | €1,668,178 | -€232,405 | -12.2% |
| Amounts payable within one year | 42/48 | €657,438 | €629,107 | -€28,331 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €257,139 | €248,047 | -€9,092 | -3.5% |
| Financial debts | 43 | €329,750 | €256,673 | -€73,077 | -22.2% |
| Credit institutions | 430/8 | - | €256,673 | +€256,673 | |
| Other loans | 439 | €329,750 | - | -€329,750 | |
| Trade debts | 44 | €17,001 | €15,839 | -€1,162 | -6.8% |
| Suppliers | 440/4 | €17,001 | €15,839 | -€1,162 | -6.8% |
| Other amounts payable | 47/48 | €53,549 | €108,549 | +€55,000 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,830 | €182,848 | -€4,982 | -2.7% |
| Other operating charges | 640/8 | €57,097 | €47,766 | -€9,330 | -16.3% |
| Gross operating margin | 9900 | €530,583 | €385,531 | -€145,053 | -27.3% |
| Operating profit (loss) | 9901 | €285,657 | €154,917 | -€130,740 | -45.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €76,670 | €87,761 | +€11,091 | +14.5% |
| Recurring financial charges | 65 | €76,670 | €87,761 | +€11,091 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €208,987 | €67,156 | -€141,831 | -67.9% |
| Transfer from deferred taxes | 780 | €1,032 | €1,032 | = | 0.0% |
| Profit (loss) for the period | 9904 | €210,019 | €68,189 | -€141,831 | -67.5% |
| Transfer from tax-exempt reserves | 789 | €3,097 | €3,097 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €213,116 | €71,286 | -€141,831 | -66.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.