DB laswerk: 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 laswerk
Largest movements
- Stocks and contracts +€190,027
new in 2025: €190,027
- Receivables within one year -€82,616
down €82,616 (-45.8%), from €180,378 to €97,762
of which Trade receivables: -€86,126
- Tangible fixed assets +€59,990
up €59,990 (+521%), from €11,511 to €71,501
of which Furniture and vehicles: +€46,139
- Cash +€27,716
up €27,716 (+1,573%), from €1,762 to €29,477
mainly Net result for the year (+€148,602) and Receivables within one year (+€82,616)
- Intangible fixed assets -€16,000
down €16,000 (-10.6%), from €150,645 to €134,645
- Reserves +€147,772
up €147,772 (+828%), from €17,849 to €165,621
- Trade debts -€54,176
down €54,176 (-17.7%), from €305,734 to €251,559
- Tax, wage and social debts +€50,971
up €50,971 (+243%), from €20,934 to €71,905
of which Taxes: +€58,043
- Debts after one year +€27,567
new in 2025: €27,567
- Current portion of long-term debt +€7,181
new in 2025: €7,181
- Gross operating margin +€179,672
up €179,672 (+362%), from €49,591 to €229,263
- Taxes +€38,580
up €38,580 (+751%), from €5,140 to €43,720
- Depreciation +€12,806
up €12,806 (+106%), from €12,115 to €24,921
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 | €350,347 | €529,662 | +€179,315 | +51.2% |
| Fixed assets | 21/28 | €162,155 | €206,146 | +€43,990 | +27.1% |
| Intangible fixed assets | 21 | €150,645 | €134,645 | -€16,000 | -10.6% |
| Tangible fixed assets | 22/27 | €11,511 | €71,501 | +€59,990 | +521% |
| Land and buildings | 22 | - | €4,799 | +€4,799 | |
| Plant, machinery and equipment | 23 | €7,708 | €16,760 | +€9,052 | +117% |
| Furniture and vehicles | 24 | €3,802 | €49,942 | +€46,139 | +1,213% |
| Current assets | 29/58 | €188,191 | €323,517 | +€135,325 | +71.9% |
| Stocks and contracts in progress | 3 | - | €190,027 | +€190,027 | |
| Stocks | 30/36 | - | €190,027 | +€190,027 | |
| Amounts receivable within one year | 40/41 | €180,378 | €97,762 | -€82,616 | -45.8% |
| Trade receivables | 40 | €143,518 | €57,393 | -€86,126 | -60.0% |
| Other amounts receivable | 41 | €36,860 | €40,370 | +€3,510 | +9.5% |
| Cash at bank and in hand | 54/58 | €1,762 | €29,477 | +€27,716 | +1,573% |
| Deferred charges and accrued income | 490/1 | €6,051 | €6,250 | +€199 | +3.3% |
| Total equity and liabilities | 10/49 | €350,347 | €529,662 | +€179,315 | +51.2% |
| Equity | 10/15 | €22,849 | €170,621 | +€147,772 | +647% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,849 | €165,621 | +€147,772 | +828% |
| Distributable reserves | 133 | €17,849 | €165,621 | +€147,772 | +828% |
| Amounts payable | 17/49 | €327,498 | €359,041 | +€31,544 | +9.6% |
| Amounts payable after more than one year | 17 | - | €27,567 | +€27,567 | |
| Financial debts | 170/4 | - | €27,567 | +€27,567 | |
| Amounts payable within one year | 42/48 | €327,498 | €331,475 | +€3,977 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,181 | +€7,181 | |
| Trade debts | 44 | €305,734 | €251,559 | -€54,176 | -17.7% |
| Suppliers | 440/4 | €305,734 | €251,559 | -€54,176 | -17.7% |
| Taxes, remuneration and social security | 45 | €20,934 | €71,905 | +€50,971 | +243% |
| Taxes | 450/3 | €6,158 | €64,201 | +€58,043 | +943% |
| Remuneration and social security | 454/9 | €14,776 | €7,705 | -€7,071 | -47.9% |
| Other amounts payable | 47/48 | €830 | €830 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €12,070 | €10,696 | -€1,374 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,115 | €24,921 | +€12,806 | +106% |
| Other operating charges | 640/8 | €2,095 | €1,677 | -€418 | -20.0% |
| Gross operating margin | 9900 | €49,591 | €229,263 | +€179,672 | +362% |
| Operating profit (loss) | 9901 | €23,311 | €191,970 | +€168,659 | +724% |
| Financial income | 75/76B | €1,033 | €2,054 | +€1,021 | +98.9% |
| Recurring financial income | 75 | €1,033 | €2,054 | +€1,021 | +98.9% |
| Financial charges | 65/66B | €524 | €1,702 | +€1,178 | +225% |
| Recurring financial charges | 65 | €524 | €1,702 | +€1,178 | +225% |
| Profit (loss) for the period before taxes | 9903 | €23,819 | €192,322 | +€168,503 | +707% |
| Income taxes | 67/77 | €5,140 | €43,720 | +€38,580 | +751% |
| Profit (loss) for the period | 9904 | €18,679 | €148,602 | +€129,923 | +696% |
| Profit (loss) for the period to be appropriated | 9905 | €18,679 | €148,602 | +€129,923 | +696% |
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 18 October 2026 via checked.be.