DB POWER: 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 POWER
Largest movements
- Receivables within one year -€21,142
down €21,142 (-22.9%), from €92,283 to €71,141
of which Other amounts receivable: -€14,571
- Tangible fixed assets -€9,678
down €9,678 (-13.7%), from €70,646 to €60,968
of which Land and buildings: -€7,714
- Deferred charges and accrued income +€2,485
up €2,485 (+186.3%), from €1,334 to €3,819
- Profit (loss) carried forward +€40,307
up €40,307 (+74.4%), from -€54,168 to -€13,860
- Trade debts -€32,937
down €32,937 (-88.3%), from €37,314 to €4,377
- Debts after one year -€20,730
down €20,730 (-23.5%), from €88,103 to €67,374
of which Financial debts: -€16,195
- Tax, wage and social debts -€9,350
down €9,350 (-19.4%), from €48,285 to €38,935
of which Taxes: -€14,924
- Current portion of long-term debt -€4,379
down €4,379 (-9.8%), from €44,780 to €40,402
- Gross operating margin +€59,111
up €59,111 (+96.5%), from €61,233 to €120,344
- Staff costs +€9,165
up €9,165 (+17.5%), from €52,418 to €61,583
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 | €199,479 | €172,524 | -€26,955 | -13.5% |
| Fixed assets | 21/28 | €70,824 | €61,146 | -€9,678 | -13.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €70,646 | €60,968 | -€9,678 | -13.7% |
| Land and buildings | 22 | €61,850 | €54,136 | -€7,714 | -12.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,330 | €1,369 | -€962 | -41.3% |
| Other tangible fixed assets | 26 | €6,465 | €5,463 | -€1,002 | -15.5% |
| Financial fixed assets | 28 | €178 | €178 | = | 0.0% |
| Current assets | 29/58 | €128,655 | €111,378 | -€17,277 | -13.4% |
| Stocks and contracts in progress | 3 | €35,039 | €36,418 | +€1,380 | +3.9% |
| Stocks | 30/36 | €32,023 | €29,873 | -€2,150 | -6.7% |
| Contracts in progress | 37 | €3,016 | €6,545 | +€3,530 | +117.0% |
| Amounts receivable within one year | 40/41 | €92,283 | €71,141 | -€21,142 | -22.9% |
| Trade receivables | 40 | €33,192 | €26,621 | -€6,571 | -19.8% |
| Other amounts receivable | 41 | €59,091 | €44,520 | -€14,571 | -24.7% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,334 | €3,819 | +€2,485 | +186.3% |
| Total equity and liabilities | 10/49 | €199,479 | €172,524 | -€26,955 | -13.5% |
| Equity | 10/15 | -€43,887 | -€3,580 | +€40,307 | +91.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,081 | €4,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,221 | €2,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,168 | -€13,860 | +€40,307 | +74.4% |
| Amounts payable | 17/49 | €243,366 | €176,104 | -€67,262 | -27.6% |
| Amounts payable after more than one year | 17 | €88,103 | €67,374 | -€20,730 | -23.5% |
| Financial debts | 170/4 | €83,568 | €67,374 | -€16,195 | -19.4% |
| Other amounts payable | 178/9 | €4,535 | - | -€4,535 | |
| Amounts payable within one year | 42/48 | €155,263 | €108,018 | -€47,244 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €44,780 | €40,402 | -€4,379 | -9.8% |
| Financial debts | 43 | €24,883 | €24,254 | -€629 | -2.5% |
| Credit institutions | 430/8 | €24,883 | €24,254 | -€629 | -2.5% |
| Trade debts | 44 | €37,314 | €4,377 | -€32,937 | -88.3% |
| Suppliers | 440/4 | €37,314 | €4,377 | -€32,937 | -88.3% |
| Advances received on contracts in progress | 46 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €48,285 | €38,935 | -€9,350 | -19.4% |
| Taxes | 450/3 | €15,539 | €615 | -€14,924 | -96.0% |
| Remuneration and social security | 454/9 | €32,747 | €38,321 | +€5,574 | +17.0% |
| Accrued charges and deferred income | 492/3 | €0 | €712 | +€712 | |
| Non-recurring operating income | 76A | - | €8,843 | +€8,843 | |
| Remuneration, social security and pensions | 62 | €52,418 | €61,583 | +€9,165 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,707 | €9,678 | -€29 | -0.3% |
| Other operating charges | 640/8 | €1,833 | €1,927 | +€94 | +5.1% |
| Gross operating margin | 9900 | €61,233 | €120,344 | +€59,111 | +96.5% |
| Operating profit (loss) | 9901 | -€2,725 | €47,157 | +€49,882 | |
| Financial income | 75/76B | €2,835 | €2,847 | +€11 | +0.4% |
| Recurring financial income | 75 | €2,835 | €2,847 | +€11 | +0.4% |
| Financial charges | 65/66B | €8,628 | €9,696 | +€1,068 | +12.4% |
| Recurring financial charges | 65 | €8,628 | €9,696 | +€1,068 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,517 | €40,307 | +€48,824 | |
| Profit (loss) for the period | 9904 | -€8,517 | €40,307 | +€48,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,517 | €40,307 | +€48,824 |
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.