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 +€194,370
up €194,370 (+286%), from €67,887 to €262,257
mainly Net result for the year (+€135,807) and Receivables within one year (+€108,851)
- Receivables within one year -€108,851
down €108,851 (-52.5%), from €207,500 to €98,649
- Current investments +€27,664
up €27,664 (+369%), from €7,500 to €35,164
- Reserves +€135,807
up €135,807 (+85.1%), from €159,601 to €295,408
- Tax, wage and social debts -€14,537
down €14,537 (-17.1%), from €84,947 to €70,410
- Trade debts -€12,711
down €12,711 (-85.6%), from €14,851 to €2,140
- Other debts +€4,623
up €4,623 (+20.6%), from €22,488 to €27,111
- Gross operating margin -€38,323
down €38,323 (-16.6%), from €231,232 to €192,910
- Taxes -€11,104
down €11,104 (-16.4%), from €67,814 to €56,710
- Depreciation -€2,992
down €2,992 (-100%), from €2,992 to €0
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 | €282,887 | €396,070 | +€113,183 | +40.0% |
| Current assets | 29/58 | €282,887 | €396,070 | +€113,183 | +40.0% |
| Amounts receivable within one year | 40/41 | €207,500 | €98,649 | -€108,851 | -52.5% |
| Trade receivables | 40 | €207,500 | €98,649 | -€108,851 | -52.5% |
| Current investments | 50/53 | €7,500 | €35,164 | +€27,664 | +369% |
| Cash at bank and in hand | 54/58 | €67,887 | €262,257 | +€194,370 | +286% |
| Total equity and liabilities | 10/49 | €282,887 | €396,070 | +€113,183 | +40.0% |
| Equity | 10/15 | €160,601 | €296,408 | +€135,807 | +84.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €159,601 | €295,408 | +€135,807 | +85.1% |
| Distributable reserves | 133 | €159,601 | €295,408 | +€135,807 | +85.1% |
| Amounts payable | 17/49 | €122,286 | €99,661 | -€22,624 | -18.5% |
| Amounts payable within one year | 42/48 | €122,286 | €99,661 | -€22,624 | -18.5% |
| Trade debts | 44 | €14,851 | €2,140 | -€12,711 | -85.6% |
| Suppliers | 440/4 | €14,851 | €2,140 | -€12,711 | -85.6% |
| Taxes, remuneration and social security | 45 | €84,947 | €70,410 | -€14,537 | -17.1% |
| Taxes | 450/3 | €84,947 | €70,410 | -€14,537 | -17.1% |
| Other amounts payable | 47/48 | €22,488 | €27,111 | +€4,623 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,992 | €0 | -€2,992 | -100% |
| Other operating charges | 640/8 | €759 | €513 | -€246 | -32.4% |
| Gross operating margin | 9900 | €231,232 | €192,910 | -€38,323 | -16.6% |
| Operating profit (loss) | 9901 | €227,481 | €192,397 | -€35,085 | -15.4% |
| Financial income | 75/76B | - | €164 | +€164 | |
| Recurring financial income | 75 | - | €164 | +€164 | |
| Financial charges | 65/66B | €66 | €44 | -€23 | -34.3% |
| Recurring financial charges | 65 | €66 | €44 | -€23 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €227,415 | €192,517 | -€34,898 | -15.3% |
| Income taxes | 67/77 | €67,814 | €56,710 | -€11,104 | -16.4% |
| Profit (loss) for the period | 9904 | €159,601 | €135,807 | -€23,794 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €159,601 | €135,807 | -€23,794 | -14.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.