DB4: 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.
DB4
Largest movements
- Receivables within one year +€93,248
up €93,248 (+49.1%), from €189,910 to €283,157
of which Trade receivables: +€87,867
- Tangible fixed assets +€79,206
new in 2025: €79,206
- Cash +€26,460
up €26,460 (+6.3%), from €419,715 to €446,175
mainly Net result for the year (+€133,034) and Accrued charges and deferred income (+€48,036)
- Profit (loss) carried forward +€133,034
up €133,034 (+46.0%), from €289,227 to €422,261
- Accrued charges and deferred income +€48,036
up €48,036 (+200%), from €24,000 to €72,036
- Other debts -€40,000
down €40,000 (-14.8%), from €270,759 to €230,759
- Trade debts +€38,352
up €38,352 (+47.0%), from €81,622 to €119,973
- Current portion of long-term debt +€13,420
up €13,420 (+132%), from €10,135 to €23,555
- Taxes +€48,586
up €48,586 (+60.4%), from €80,428 to €129,014
- Staff costs +€26,922
up €26,922 (+4.2%), from €641,450 to €668,372
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 | €908,914 | €1,109,785 | +€200,872 | +22.1% |
| Fixed assets | 21/28 | €218,000 | €299,206 | +€81,206 | +37.3% |
| Tangible fixed assets | 22/27 | - | €79,206 | +€79,206 | |
| Furniture and vehicles | 24 | - | €79,206 | +€79,206 | |
| Financial fixed assets | 28 | €218,000 | €220,000 | +€2,000 | +0.9% |
| Current assets | 29/58 | €690,914 | €810,579 | +€119,665 | +17.3% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Trade receivables | 290 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €189,910 | €283,157 | +€93,248 | +49.1% |
| Trade receivables | 40 | €179,123 | €266,990 | +€87,867 | +49.1% |
| Other amounts receivable | 41 | €10,787 | €16,167 | +€5,380 | +49.9% |
| Cash at bank and in hand | 54/58 | €419,715 | €446,175 | +€26,460 | +6.3% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,247 | -€43 | -3.3% |
| Total equity and liabilities | 10/49 | €908,914 | €1,109,785 | +€200,872 | +22.1% |
| Equity | 10/15 | €307,827 | €440,861 | +€133,034 | +43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €289,227 | €422,261 | +€133,034 | +46.0% |
| Amounts payable | 17/49 | €601,086 | €668,924 | +€67,838 | +11.3% |
| Amounts payable within one year | 42/48 | €577,086 | €596,888 | +€19,802 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €10,135 | €23,555 | +€13,420 | +132% |
| Trade debts | 44 | €81,622 | €119,973 | +€38,352 | +47.0% |
| Suppliers | 440/4 | €81,622 | €119,973 | +€38,352 | +47.0% |
| Advances received on contracts in progress | 46 | €55,440 | €55,440 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €159,131 | €167,160 | +€8,030 | +5.0% |
| Taxes | 450/3 | €69,418 | €89,316 | +€19,898 | +28.7% |
| Remuneration and social security | 454/9 | €89,712 | €77,844 | -€11,868 | -13.2% |
| Other amounts payable | 47/48 | €270,759 | €230,759 | -€40,000 | -14.8% |
| Accrued charges and deferred income | 492/3 | €24,000 | €72,036 | +€48,036 | +200% |
| Remuneration, social security and pensions | 62 | €641,450 | €668,372 | +€26,922 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,658 | +€5,658 | |
| Other operating charges | 640/8 | €2,305 | €2,338 | +€33 | +1.4% |
| Gross operating margin | 9900 | €937,667 | €943,365 | +€5,698 | +0.6% |
| Operating profit (loss) | 9901 | €293,912 | €266,998 | -€26,914 | -9.2% |
| Financial income | 75/76B | €364 | €1 | -€364 | -99.8% |
| Recurring financial income | 75 | €364 | €1 | -€364 | -99.8% |
| Financial charges | 65/66B | €3,881 | €4,951 | +€1,070 | +27.6% |
| Recurring financial charges | 65 | €3,881 | €4,951 | +€1,070 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €290,395 | €262,048 | -€28,347 | -9.8% |
| Income taxes | 67/77 | €80,428 | €129,014 | +€48,586 | +60.4% |
| Profit (loss) for the period | 9904 | €209,967 | €133,034 | -€76,934 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €209,967 | €133,034 | -€76,934 | -36.6% |
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 15 October 2026 via checked.be.