DBA INVEST: what changed
DBA INVEST
Largest movements
- Tangible fixed assets +€191,077
up €191,077 (+699%), from €27,321 to €218,398
of which Plant, machinery and equipment: +€106,880
- Cash -€132,844
down €132,844 (-71.0%), from €187,090 to €54,246
mainly Investment in fixed assets (net) (-€228,127) and Other debts (-€76,396)
- Receivables within one year +€27,751
up €27,751 (+18.6%), from €149,169 to €176,920
of which Trade receivables: +€118,000
- Trade debts +€113,525
up €113,525 (+431%), from €26,321 to €139,846
- Other debts -€76,396
down €76,396 (-56.9%), from €134,264 to €57,868
- Investment grants +€65,667
up €65,667 (+2,928%), from €2,243 to €67,910
- Debts after one year -€11,559
down €11,559 (-44.6%), from €25,919 to €14,360
- Profit (loss) carried forward -€7,598
down €7,598 (-5.6%), from €134,514 to €126,916
- Staff costs -€72,499
down €72,499 (-23.7%), from €306,493 to €233,994
- Gross operating margin -€66,596
down €66,596 (-17.9%), from €371,273 to €304,677
- Depreciation +€11,613
up €11,613 (+39.0%), from €29,795 to €41,408
- Financial income -€5,326
down €5,326 (-70.4%), from €7,568 to €2,242
- Other operating charges -€3,740
down €3,740 (-84.1%), from €4,449 to €709
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,067 | €505,692 | +€81,625 | +19.2% |
| Fixed assets | 21/28 | €40,391 | €227,110 | +€186,719 | +462% |
| Intangible fixed assets | 21 | €13,070 | €8,712 | -€4,358 | -33.3% |
| Tangible fixed assets | 22/27 | €27,321 | €218,398 | +€191,077 | +699% |
| Plant, machinery and equipment | 23 | €9,412 | €116,292 | +€106,880 | +1,136% |
| Furniture and vehicles | 24 | €16,003 | €99,494 | +€83,491 | +522% |
| Other tangible fixed assets | 26 | €1,906 | €2,612 | +€706 | +37.0% |
| Current assets | 29/58 | €383,675 | €278,582 | -€105,093 | -27.4% |
| Amounts receivable after more than one year | 29 | €44,000 | €44,000 | = | 0.0% |
| Other amounts receivable | 291 | €44,000 | €44,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,169 | €176,920 | +€27,751 | +18.6% |
| Trade receivables | 40 | €37,059 | €155,059 | +€118,000 | +318% |
| Other amounts receivable | 41 | €112,110 | €21,861 | -€90,249 | -80.5% |
| Cash at bank and in hand | 54/58 | €187,090 | €54,246 | -€132,844 | -71.0% |
| Deferred charges and accrued income | 490/1 | €3,416 | €3,416 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €424,067 | €505,692 | +€81,625 | +19.2% |
| Equity | 10/15 | €191,757 | €249,826 | +€58,069 | +30.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,514 | €126,916 | -€7,598 | -5.6% |
| Investment grants | 15 | €2,243 | €67,910 | +€65,667 | +2,928% |
| Amounts payable | 17/49 | €232,310 | €255,866 | +€23,556 | +10.1% |
| Amounts payable after more than one year | 17 | €25,919 | €14,360 | -€11,559 | -44.6% |
| Financial debts | 170/4 | €25,919 | €14,360 | -€11,559 | -44.6% |
| Amounts payable within one year | 42/48 | €206,391 | €241,506 | +€35,115 | +17.0% |
| Trade debts | 44 | €26,321 | €139,846 | +€113,525 | +431% |
| Suppliers | 440/4 | €26,321 | €139,846 | +€113,525 | +431% |
| Taxes, remuneration and social security | 45 | €45,805 | €43,792 | -€2,013 | -4.4% |
| Taxes | 450/3 | €12,519 | €13,405 | +€886 | +7.1% |
| Remuneration and social security | 454/9 | €33,286 | €30,387 | -€2,899 | -8.7% |
| Other amounts payable | 47/48 | €134,264 | €57,868 | -€76,396 | -56.9% |
| Remuneration, social security and pensions | 62 | €306,493 | €233,994 | -€72,499 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,795 | €41,408 | +€11,613 | +39.0% |
| Other operating charges | 640/8 | €4,449 | €709 | -€3,740 | -84.1% |
| Gross operating margin | 9900 | €371,273 | €304,677 | -€66,596 | -17.9% |
| Operating profit (loss) | 9901 | €30,537 | €28,566 | -€1,971 | -6.5% |
| Financial income | 75/76B | €7,568 | €2,242 | -€5,326 | -70.4% |
| Recurring financial income | 75 | €7,568 | €2,242 | -€5,326 | -70.4% |
| Financial charges | 65/66B | €5,889 | €3,202 | -€2,687 | -45.6% |
| Recurring financial charges | 65 | €5,889 | €3,202 | -€2,687 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €32,216 | €27,606 | -€4,610 | -14.3% |
| Income taxes | 67/77 | €37,035 | €35,204 | -€1,831 | -4.9% |
| Profit (loss) for the period | 9904 | -€4,819 | -€7,598 | -€2,779 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,819 | -€7,598 | -€2,779 | -57.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.