DBCapital: 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.
DBCapital
Largest movements
- Tangible fixed assets +€169,688
up €169,688 (+20.2%), from €838,119 to €1.0m
- Receivables within one year +€63,800
new in 2025: €63,800
of which Other amounts receivable: +€63,493
- Trade debts +€145,311
up €145,311 (+179.1%), from €81,141 to €226,452
- Current portion of long-term debt +€111,371
up €111,371 (+51.1%), from €217,740 to €329,110
- Other debts -€77,368
down €77,368 (-81.4%), from €95,023 to €17,655
- Debts after one year +€65,414
up €65,414 (+8.5%), from €773,387 to €838,801
- Depreciation +€42,295
up €42,295 (+654.4%), from €6,463 to €48,758
- Financial charges +€23,157
up €23,157 (+383.2%), from €6,043 to €29,200
- Taxes -€13,117
down €13,117 (-100.0%), from €13,117 to €0
- Gross operating margin +€3,255
up €3,255 (+5.0%), from €65,595 to €68,851
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 | €1,291,353 | €1,529,193 | +€237,840 | +18.4% |
| Fixed assets | 21/28 | €1,288,119 | €1,457,808 | +€169,688 | +13.2% |
| Tangible fixed assets | 22/27 | €838,119 | €1,007,808 | +€169,688 | +20.2% |
| Land and buildings | 22 | €838,119 | €1,007,808 | +€169,688 | +20.2% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €3,234 | €71,385 | +€68,151 | +2107.2% |
| Amounts receivable within one year | 40/41 | - | €63,800 | +€63,800 | |
| Trade receivables | 40 | - | €307 | +€307 | |
| Other amounts receivable | 41 | - | €63,493 | +€63,493 | |
| Cash at bank and in hand | 54/58 | €3,234 | €5,466 | +€2,232 | +69.0% |
| Deferred charges and accrued income | 490/1 | - | €2,119 | +€2,119 | |
| Total equity and liabilities | 10/49 | €1,291,353 | €1,529,193 | +€237,840 | +18.4% |
| Equity | 10/15 | €95,612 | €85,718 | -€9,894 | -10.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,612 | €75,718 | -€9,894 | -11.6% |
| Amounts payable | 17/49 | €1,195,741 | €1,443,475 | +€247,734 | +20.7% |
| Amounts payable after more than one year | 17 | €773,387 | €838,801 | +€65,414 | +8.5% |
| Financial debts | 170/4 | €773,387 | €838,801 | +€65,414 | +8.5% |
| Amounts payable within one year | 42/48 | €422,324 | €604,674 | +€182,350 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €217,740 | €329,110 | +€111,371 | +51.1% |
| Trade debts | 44 | €81,141 | €226,452 | +€145,311 | +179.1% |
| Suppliers | 440/4 | €81,141 | €226,452 | +€145,311 | +179.1% |
| Taxes, remuneration and social security | 45 | €28,420 | €31,456 | +€3,036 | +10.7% |
| Taxes | 450/3 | €28,420 | €31,456 | +€3,036 | +10.7% |
| Other amounts payable | 47/48 | €95,023 | €17,655 | -€77,368 | -81.4% |
| Accrued charges and deferred income | 492/3 | €30 | €0 | -€30 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,463 | €48,758 | +€42,295 | +654.4% |
| Other operating charges | 640/8 | €620 | €787 | +€167 | +27.0% |
| Gross operating margin | 9900 | €65,595 | €68,851 | +€3,255 | +5.0% |
| Operating profit (loss) | 9901 | €58,513 | €19,305 | -€39,207 | -67.0% |
| Financial charges | 65/66B | €6,043 | €29,200 | +€23,157 | +383.2% |
| Recurring financial charges | 65 | €6,043 | €29,200 | +€23,157 | +383.2% |
| Profit (loss) for the period before taxes | 9903 | €52,470 | -€9,894 | -€62,364 | |
| Income taxes | 67/77 | €13,117 | €0 | -€13,117 | -100.0% |
| Profit (loss) for the period | 9904 | €39,352 | -€9,894 | -€49,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,352 | -€9,894 | -€49,247 |
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 11 October 2026 via checked.be.