DB PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year -€119,685
down €119,685 (-22.1%), from €540,653 to €420,968
of which Trade receivables: -€119,746
- Deferred charges and accrued income +€29,335
up €29,335 (+831.4%), from €3,529 to €32,864
- Stocks and contracts +€22,315
up €22,315 (+5.7%), from €389,078 to €411,393
- Cash -€15,315
down €15,315 (-89.8%), from €17,062 to €1,746
mainly Trade debts (-€50,538) and Other debts (-€37,006)
- Intangible fixed assets +€14,992
new in 2025: €14,992
- Trade debts -€50,538
down €50,538 (-27.3%), from €184,872 to €134,335
- Other debts -€37,006
down €37,006 (-13.8%), from €268,579 to €231,573
- Short-term financial debts +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Tax, wage and social debts -€16,231
down €16,231 (-20.4%), from €79,431 to €63,201
- Gross operating margin -€191,199
down €191,199 (-86.1%), from €222,079 to €30,880
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 | €987,701 | €915,719 | -€71,982 | -7.3% |
| Fixed assets | 21/28 | €37,379 | €48,747 | +€11,368 | +30.4% |
| Intangible fixed assets | 21 | - | €14,992 | +€14,992 | |
| Tangible fixed assets | 22/27 | €20,981 | €17,357 | -€3,624 | -17.3% |
| Furniture and vehicles | 24 | €20,981 | €17,357 | -€3,624 | -17.3% |
| Financial fixed assets | 28 | €16,398 | €16,398 | = | 0.0% |
| Current assets | 29/58 | €950,322 | €866,972 | -€83,350 | -8.8% |
| Stocks and contracts in progress | 3 | €389,078 | €411,393 | +€22,315 | +5.7% |
| Stocks | 30/36 | €389,078 | €411,393 | +€22,315 | +5.7% |
| Amounts receivable within one year | 40/41 | €540,653 | €420,968 | -€119,685 | -22.1% |
| Trade receivables | 40 | €536,654 | €416,908 | -€119,746 | -22.3% |
| Other amounts receivable | 41 | €4,000 | €4,060 | +€61 | +1.5% |
| Cash at bank and in hand | 54/58 | €17,062 | €1,746 | -€15,315 | -89.8% |
| Deferred charges and accrued income | 490/1 | €3,529 | €32,864 | +€29,335 | +831.4% |
| Total equity and liabilities | 10/49 | €987,701 | €915,719 | -€71,982 | -7.3% |
| Equity | 10/15 | €211,556 | €218,348 | +€6,792 | +3.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €30,149 | €30,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,149 | €15,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,407 | €38,199 | +€6,792 | +21.6% |
| Amounts payable | 17/49 | €776,145 | €697,371 | -€78,774 | -10.1% |
| Amounts payable after more than one year | 17 | €215,762 | €215,762 | = | 0.0% |
| Financial debts | 170/4 | €215,762 | €215,762 | = | 0.0% |
| Amounts payable within one year | 42/48 | €557,882 | €479,108 | -€78,774 | -14.1% |
| Financial debts | 43 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Credit institutions | 430/8 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Trade debts | 44 | €184,872 | €134,335 | -€50,538 | -27.3% |
| Suppliers | 440/4 | €184,872 | €134,335 | -€50,538 | -27.3% |
| Taxes, remuneration and social security | 45 | €79,431 | €63,201 | -€16,231 | -20.4% |
| Taxes | 450/3 | €79,431 | €63,201 | -€16,231 | -20.4% |
| Other amounts payable | 47/48 | €268,579 | €231,573 | -€37,006 | -13.8% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | €228,126 | €14,960 | -€213,167 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,019 | €7,451 | +€432 | +6.2% |
| Other operating charges | 640/8 | €2,746 | €3,534 | +€787 | +28.7% |
| Non-recurring operating charges | 66A | €203,504 | €5,123 | -€198,381 | -97.5% |
| Gross operating margin | 9900 | €222,079 | €30,880 | -€191,199 | -86.1% |
| Operating profit (loss) | 9901 | €8,810 | €14,772 | +€5,962 | +67.7% |
| Financial income | 75/76B | €807 | €101 | -€706 | -87.5% |
| Recurring financial income | 75 | €807 | €101 | -€706 | -87.5% |
| Financial charges | 65/66B | €5,837 | €5,510 | -€327 | -5.6% |
| Recurring financial charges | 65 | €5,837 | €5,510 | -€327 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €3,779 | €9,362 | +€5,583 | +147.7% |
| Income taxes | 67/77 | €877 | €2,570 | +€1,693 | +193.0% |
| Profit (loss) for the period | 9904 | €2,902 | €6,792 | +€3,890 | +134.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,902 | €6,792 | +€3,890 | +134.1% |
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 12 October 2026 via checked.be.