DB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€58,440
up €58,440 (+34.4%), from €169,760 to €228,200
mainly Net result for the year (+€101,240) and Tax, wage and social debts (+€9,844)
- Tangible fixed assets -€9,339
down €9,339 (-31.6%), from €29,600 to €20,261
- Reserves +€101,000
up €101,000 (+28.9%), from €349,360 to €450,360
- Debts after one year -€53,887
down €53,887 (-62.2%), from €86,595 to €32,708
- Tax, wage and social debts +€9,844
up €9,844 (+22.2%), from €44,353 to €54,197
of which Taxes: +€9,844
- Gross operating margin -€6,691
down €6,691 (-5.6%), from €119,471 to €112,780
- Taxes -€4,247
down €4,247 (-10.4%), from €40,652 to €36,405
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.
Cash bridge derived
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 | €771,815 | €821,010 | +€49,195 | +6.4% |
| Fixed assets | 21/28 | €586,281 | €576,942 | -€9,339 | -1.6% |
| Tangible fixed assets | 22/27 | €29,600 | €20,261 | -€9,339 | -31.6% |
| Furniture and vehicles | 24 | €29,600 | €20,261 | -€9,339 | -31.6% |
| Financial fixed assets | 28 | €556,681 | €556,681 | = | 0.0% |
| Current assets | 29/58 | €185,534 | €244,068 | +€58,535 | +31.5% |
| Amounts receivable within one year | 40/41 | €15,349 | €15,221 | -€128 | -0.8% |
| Trade receivables | 40 | €15,349 | €15,221 | -€128 | -0.8% |
| Cash at bank and in hand | 54/58 | €169,760 | €228,200 | +€58,440 | +34.4% |
| Deferred charges and accrued income | 490/1 | €425 | €647 | +€222 | +52.3% |
| Total equity and liabilities | 10/49 | €771,815 | €821,010 | +€49,195 | +6.4% |
| Equity | 10/15 | €539,410 | €640,650 | +€101,240 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,360 | €450,360 | +€101,000 | +28.9% |
| Distributable reserves | 133 | €349,360 | €450,360 | +€101,000 | +28.9% |
| Profit (loss) carried forward | 14 | €183,850 | €184,090 | +€240 | +0.1% |
| Amounts payable | 17/49 | €232,405 | €180,361 | -€52,044 | -22.4% |
| Amounts payable after more than one year | 17 | €86,595 | €32,708 | -€53,887 | -62.2% |
| Financial debts | 170/4 | €86,595 | €32,708 | -€53,887 | -62.2% |
| Amounts payable within one year | 42/48 | €143,810 | €147,653 | +€3,842 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €52,852 | €53,884 | +€1,032 | +2.0% |
| Trade debts | 44 | €744 | €927 | +€183 | +24.6% |
| Suppliers | 440/4 | €744 | €927 | +€183 | +24.6% |
| Taxes, remuneration and social security | 45 | €44,353 | €54,197 | +€9,844 | +22.2% |
| Taxes | 450/3 | €41,952 | €51,796 | +€9,844 | +23.5% |
| Remuneration and social security | 454/9 | €2,401 | €2,401 | = | 0.0% |
| Other amounts payable | 47/48 | €45,862 | €38,645 | -€7,217 | -15.7% |
| Accrued charges and deferred income | 492/3 | €1,999 | - | -€1,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,146 | €9,339 | +€193 | +2.1% |
| Other operating charges | 640/8 | €739 | €766 | +€27 | +3.7% |
| Gross operating margin | 9900 | €119,471 | €112,780 | -€6,691 | -5.6% |
| Operating profit (loss) | 9901 | €109,585 | €102,674 | -€6,911 | -6.3% |
| Financial income | 75/76B | €38,492 | €37,648 | -€844 | -2.2% |
| Recurring financial income | 75 | €38,492 | €37,648 | -€844 | -2.2% |
| Financial charges | 65/66B | €3,703 | €2,677 | -€1,026 | -27.7% |
| Recurring financial charges | 65 | €3,568 | €2,677 | -€891 | -25.0% |
| Non-recurring financial charges | 66B | €135 | - | -€135 | |
| Profit (loss) for the period before taxes | 9903 | €144,374 | €137,645 | -€6,729 | -4.7% |
| Income taxes | 67/77 | €40,652 | €36,405 | -€4,247 | -10.4% |
| Profit (loss) for the period | 9904 | €103,722 | €101,240 | -€2,482 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,722 | €101,240 | -€2,482 | -2.4% |
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 9 October 2026 via checked.be.