DbC Advisory: what changed
Two fiscal 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.
DbC Advisory
Largest movements
- Current investments +€98,100
up €98,100 (+98.1%), from €100,000 to €198,100
- Receivables within one year +€15,995
up €15,995 (+97.6%), from €16,385 to €32,381
- Cash +€13,663
up €13,663 (+81.0%), from €16,866 to €30,528
mainly Net result for the year (+€120,365) and Tax, wage and social debts (+€8,053)
- Reserves +€120,365
up €120,365 (+130.6%), from €92,158 to €212,524
- Tax, wage and social debts +€8,053
up €8,053 (+22.0%), from €36,640 to €44,693
of which Taxes: +€7,753
- Gross operating margin +€34,539
up €34,539 (+29.5%), from €116,986 to €151,525
- Taxes +€8,710
up €8,710 (+36.2%), from €24,071 to €32,781
- Financial income +€2,442
up €2,442 (+774.1%), from €315 to €2,758
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 | €133,251 | €261,719 | +€128,468 | +96.4% |
| Fixed assets | 21/28 | - | €710 | +€710 | |
| Tangible fixed assets | 22/27 | - | €710 | +€710 | |
| Furniture and vehicles | 24 | - | €710 | +€710 | |
| Current assets | 29/58 | €133,251 | €261,009 | +€127,758 | +95.9% |
| Amounts receivable within one year | 40/41 | €16,385 | €32,381 | +€15,995 | +97.6% |
| Trade receivables | 40 | €16,385 | €32,381 | +€15,995 | +97.6% |
| Current investments | 50/53 | €100,000 | €198,100 | +€98,100 | +98.1% |
| Cash at bank and in hand | 54/58 | €16,866 | €30,528 | +€13,663 | +81.0% |
| Total equity and liabilities | 10/49 | €133,251 | €261,719 | +€128,468 | +96.4% |
| Equity | 10/15 | €95,158 | €215,524 | +€120,365 | +126.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,158 | €212,524 | +€120,365 | +130.6% |
| Distributable reserves | 133 | €92,158 | €212,524 | +€120,365 | +130.6% |
| Amounts payable | 17/49 | €38,093 | €46,195 | +€8,103 | +21.3% |
| Amounts payable within one year | 42/48 | €38,093 | €46,195 | +€8,103 | +21.3% |
| Trade debts | 44 | €1,075 | €1,250 | +€175 | +16.3% |
| Suppliers | 440/4 | €1,075 | €1,250 | +€175 | +16.3% |
| Taxes, remuneration and social security | 45 | €36,640 | €44,693 | +€8,053 | +22.0% |
| Taxes | 450/3 | €34,565 | €42,318 | +€7,753 | +22.4% |
| Remuneration and social security | 454/9 | €2,075 | €2,375 | +€300 | +14.5% |
| Other amounts payable | 47/48 | €378 | €253 | -€125 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941 | €203 | -€738 | -78.5% |
| Other operating charges | 640/8 | €95 | €893 | +€798 | +843.6% |
| Gross operating margin | 9900 | €116,986 | €151,525 | +€34,539 | +29.5% |
| Operating profit (loss) | 9901 | €115,950 | €150,429 | +€34,479 | +29.7% |
| Financial income | 75/76B | €315 | €2,758 | +€2,442 | +774.1% |
| Recurring financial income | 75 | €315 | €2,758 | +€2,442 | +774.1% |
| Financial charges | 65/66B | €36 | €40 | +€4 | +11.8% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €116,229 | €153,146 | +€36,917 | +31.8% |
| Income taxes | 67/77 | €24,071 | €32,781 | +€8,710 | +36.2% |
| Profit (loss) for the period | 9904 | €92,158 | €120,365 | +€28,207 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,158 | €120,365 | +€28,207 | +30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.