DB MANAGEMENT: what changed
Two fiscal 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 -€71,928
down €71,928 (-71.6%), from €100,463 to €28,535
mainly Advances received (-€65,607) and Debts after one year (-€51,031)
- Tangible fixed assets -€57,420
down €57,420 (-14.0%), from €409,816 to €352,396
of which Furniture and vehicles: -€31,074
- Receivables within one year +€11,512
up €11,512 (+13.0%), from €88,667 to €100,178
of which Other amounts receivable: +€10,429
- Advances received -€65,607
no longer reported in 2025 (was €65,607)
- Debts after one year -€51,031
down €51,031 (-28.7%), from €177,575 to €126,544
- Profit (loss) carried forward -€31,429
down €31,429 (-35.2%), from €89,189 to €57,761
- Reserves +€29,202
up €29,202 (+28.2%), from €103,659 to €132,861
- Gross operating margin -€108,955
down €108,955 (-46.1%), from €236,550 to €127,595
- Taxes -€32,208
down €32,208 (-64.2%), from €50,147 to €17,939
- Staff costs -€7,032
down €7,032 (-33.4%), from €21,038 to €14,006
- Financial charges -€4,076
down €4,076 (-32.0%), from €12,737 to €8,662
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 | €704,774 | €588,612 | -€116,162 | -16.5% |
| Fixed assets | 21/28 | €416,187 | €360,467 | -€55,720 | -13.4% |
| Tangible fixed assets | 22/27 | €409,816 | €352,396 | -€57,420 | -14.0% |
| Land and buildings | 22 | €361,791 | €339,943 | -€21,847 | -6.0% |
| Furniture and vehicles | 24 | €37,524 | €6,450 | -€31,074 | -82.8% |
| Leasing and similar rights | 25 | €10,501 | €6,002 | -€4,499 | -42.8% |
| Financial fixed assets | 28 | €6,371 | €8,071 | +€1,700 | +26.7% |
| Current assets | 29/58 | €288,587 | €228,145 | -€60,442 | -20.9% |
| Amounts receivable after more than one year | 29 | €98,485 | €98,485 | = | 0.0% |
| Trade receivables | 290 | €98,485 | €98,485 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,667 | €100,178 | +€11,512 | +13.0% |
| Trade receivables | 40 | €13,103 | €14,186 | +€1,083 | +8.3% |
| Other amounts receivable | 41 | €75,564 | €85,992 | +€10,429 | +13.8% |
| Cash at bank and in hand | 54/58 | €100,463 | €28,535 | -€71,928 | -71.6% |
| Deferred charges and accrued income | 490/1 | €972 | €947 | -€25 | -2.6% |
| Total equity and liabilities | 10/49 | €704,774 | €588,612 | -€116,162 | -16.5% |
| Equity | 10/15 | €302,848 | €300,622 | -€2,226 | -0.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €103,659 | €132,861 | +€29,202 | +28.2% |
| Distributable reserves | 133 | €103,659 | €132,861 | +€29,202 | +28.2% |
| Profit (loss) carried forward | 14 | €89,189 | €57,761 | -€31,429 | -35.2% |
| Amounts payable | 17/49 | €401,926 | €287,990 | -€113,936 | -28.3% |
| Amounts payable after more than one year | 17 | €177,575 | €126,544 | -€51,031 | -28.7% |
| Financial debts | 170/4 | €177,575 | €126,544 | -€51,031 | -28.7% |
| Amounts payable within one year | 42/48 | €224,351 | €161,446 | -€62,904 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €37,484 | €32,128 | -€5,356 | -14.3% |
| Financial debts | 43 | €35,272 | €40,772 | +€5,500 | +15.6% |
| Credit institutions | 430/8 | €35,272 | €40,772 | +€5,500 | +15.6% |
| Trade debts | 44 | €33,543 | €34,281 | +€738 | +2.2% |
| Suppliers | 440/4 | €33,543 | €34,281 | +€738 | +2.2% |
| Advances received on contracts in progress | 46 | €65,607 | - | -€65,607 | |
| Taxes, remuneration and social security | 45 | €22,445 | €22,836 | +€392 | +1.7% |
| Taxes | 450/3 | €16,742 | €19,915 | +€3,173 | +19.0% |
| Remuneration and social security | 454/9 | €5,703 | €2,921 | -€2,782 | -48.8% |
| Other amounts payable | 47/48 | €30,000 | €31,429 | +€1,429 | +4.8% |
| Remuneration, social security and pensions | 62 | €21,038 | €14,006 | -€7,032 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,406 | €35,477 | +€1,071 | +3.1% |
| Other operating charges | 640/8 | €20,036 | €22,310 | +€2,274 | +11.4% |
| Gross operating margin | 9900 | €236,550 | €127,595 | -€108,955 | -46.1% |
| Operating profit (loss) | 9901 | €161,071 | €55,802 | -€105,269 | -65.4% |
| Financial income | 75/76B | €120 | €1 | -€119 | -99.2% |
| Recurring financial income | 75 | €120 | €1 | -€119 | -99.2% |
| Financial charges | 65/66B | €12,737 | €8,662 | -€4,076 | -32.0% |
| Recurring financial charges | 65 | €12,737 | €8,662 | -€4,076 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €148,453 | €47,141 | -€101,312 | -68.2% |
| Income taxes | 67/77 | €50,147 | €17,939 | -€32,208 | -64.2% |
| Profit (loss) for the period | 9904 | €98,306 | €29,202 | -€69,103 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,306 | €29,202 | -€69,103 | -70.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.