DB-S: 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-S
Largest movements
- Cash -€26,975
down €26,975 (-62.0%), from €43,536 to €16,560
mainly Receivables within one year (-€18,759) and Investment in fixed assets (net) (-€12,572)
- Receivables within one year +€18,759
up €18,759 (+95.0%), from €19,753 to €38,513
of which Trade receivables: +€17,488
- Deferred charges and accrued income +€7,936
new in 2025: €7,936
- Tangible fixed assets +€3,682
up €3,682 (+12.1%), from €30,309 to €33,991
of which Plant, machinery and equipment: +€10,489
- Current investments +€1,000
new in 2025: €1,000
- Accrued charges and deferred income +€10,508
new in 2025: €10,508
- Debts after one year -€4,531
down €4,531 (-92.1%), from €4,919 to €388
- Reserves +€4,102
up €4,102 (+5.4%), from €75,471 to €79,574
- Tax, wage and social debts -€3,330
no longer reported in 2025 (was €3,330)
- Other debts -€2,322
no longer reported in 2025 (was €2,322)
- Gross operating margin -€19,024
down €19,024 (-48.2%), from €39,507 to €20,483
- Taxes -€5,434
down €5,434 (-58.2%), from €9,330 to €3,895
- Depreciation +€1,958
up €1,958 (+28.3%), from €6,931 to €8,889
- Financial charges +€943
up €943 (+69.0%), from €1,366 to €2,309
- Other operating charges +€734
up €734 (+124%), from €592 to €1,326
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 | €93,598 | €98,001 | +€4,402 | +4.7% |
| Fixed assets | 21/28 | €30,309 | €33,991 | +€3,682 | +12.1% |
| Tangible fixed assets | 22/27 | €30,309 | €33,991 | +€3,682 | +12.1% |
| Land and buildings | 22 | €4,645 | €4,112 | -€533 | -11.5% |
| Plant, machinery and equipment | 23 | €2,251 | €12,741 | +€10,489 | +466% |
| Furniture and vehicles | 24 | €23,413 | €17,139 | -€6,274 | -26.8% |
| Current assets | 29/58 | €63,289 | €64,009 | +€720 | +1.1% |
| Amounts receivable within one year | 40/41 | €19,753 | €38,513 | +€18,759 | +95.0% |
| Trade receivables | 40 | €13,720 | €31,208 | +€17,488 | +127% |
| Other amounts receivable | 41 | €6,033 | €7,304 | +€1,271 | +21.1% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €43,536 | €16,560 | -€26,975 | -62.0% |
| Deferred charges and accrued income | 490/1 | - | €7,936 | +€7,936 | |
| Total equity and liabilities | 10/49 | €93,598 | €98,001 | +€4,402 | +4.7% |
| Equity | 10/15 | €78,471 | €82,574 | +€4,102 | +5.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,471 | €79,574 | +€4,102 | +5.4% |
| Distributable reserves | 133 | €75,471 | €79,574 | +€4,102 | +5.4% |
| Amounts payable | 17/49 | €15,127 | €15,427 | +€300 | +2.0% |
| Amounts payable after more than one year | 17 | €4,919 | €388 | -€4,531 | -92.1% |
| Financial debts | 170/4 | €4,919 | €388 | -€4,531 | -92.1% |
| Amounts payable within one year | 42/48 | €10,208 | €4,531 | -€5,677 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €4,312 | €4,531 | +€219 | +5.1% |
| Trade debts | 44 | €245 | - | -€245 | |
| Suppliers | 440/4 | €245 | - | -€245 | |
| Taxes, remuneration and social security | 45 | €3,330 | - | -€3,330 | |
| Taxes | 450/3 | €3,330 | - | -€3,330 | |
| Other amounts payable | 47/48 | €2,322 | - | -€2,322 | |
| Accrued charges and deferred income | 492/3 | - | €10,508 | +€10,508 | |
| Non-recurring operating income | 76A | - | €597 | +€597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,931 | €8,889 | +€1,958 | +28.3% |
| Other operating charges | 640/8 | €592 | €1,326 | +€734 | +124% |
| Gross operating margin | 9900 | €39,507 | €20,483 | -€19,024 | -48.2% |
| Operating profit (loss) | 9901 | €31,984 | €10,268 | -€21,716 | -67.9% |
| Financial income | 75/76B | €28 | €39 | +€10 | +36.8% |
| Recurring financial income | 75 | €28 | €39 | +€10 | +36.8% |
| Financial charges | 65/66B | €1,366 | €2,309 | +€943 | +69.0% |
| Recurring financial charges | 65 | €1,366 | €2,309 | +€943 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €30,646 | €7,998 | -€22,649 | -73.9% |
| Income taxes | 67/77 | €9,330 | €3,895 | -€5,434 | -58.2% |
| Profit (loss) for the period | 9904 | €21,317 | €4,102 | -€17,214 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,317 | €4,102 | -€17,214 | -80.8% |
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 30 October 2026 via checked.be.