DBD: 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.
DBD
Largest movements
- Cash +€44,753
up €44,753 (+25.3%), from €176,833 to €221,587
mainly Other debts (+€179,034) and Net result for the year (+€111,216)
- Tangible fixed assets -€38,407
down €38,407 (-3.0%), from €1.3m to €1.2m
of which Furniture and vehicles: -€21,091
- Other debts +€179,034
up €179,034 (+1058.4%), from €16,916 to €195,950
- Reserves -€82,320
down €82,320 (-10.1%), from €816,587 to €734,268
of which Distributable reserves: -€52,540
- Debts after one year -€72,608
down €72,608 (-23.6%), from €308,020 to €235,412
- Gross operating margin -€46,653
down €46,653 (-16.8%), from €278,399 to €231,745
- Taxes -€10,812
down €10,812 (-21.4%), from €50,622 to €39,810
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 | €1,478,165 | €1,475,605 | -€2,559 | -0.2% |
| Fixed assets | 21/28 | €1,270,031 | €1,231,624 | -€38,407 | -3.0% |
| Tangible fixed assets | 22/27 | €1,270,031 | €1,231,624 | -€38,407 | -3.0% |
| Land and buildings | 22 | €1,138,203 | €1,123,616 | -€14,587 | -1.3% |
| Plant, machinery and equipment | 23 | €11,037 | €16,328 | +€5,291 | +47.9% |
| Furniture and vehicles | 24 | €80,689 | €59,598 | -€21,091 | -26.1% |
| Leasing and similar rights | 25 | €40,102 | €32,081 | -€8,020 | -20.0% |
| Current assets | 29/58 | €208,133 | €243,981 | +€35,848 | +17.2% |
| Amounts receivable within one year | 40/41 | €27,675 | €16,800 | -€10,875 | -39.3% |
| Trade receivables | 40 | €27,675 | €15,900 | -€11,775 | -42.5% |
| Other amounts receivable | 41 | - | €900 | +€900 | |
| Cash at bank and in hand | 54/58 | €176,833 | €221,587 | +€44,753 | +25.3% |
| Deferred charges and accrued income | 490/1 | €3,625 | €5,595 | +€1,969 | +54.3% |
| Total equity and liabilities | 10/49 | €1,478,165 | €1,475,605 | -€2,559 | -0.2% |
| Equity | 10/15 | €1,035,187 | €952,868 | -€82,320 | -8.0% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €816,587 | €734,268 | -€82,320 | -10.1% |
| Non-distributable reserves | 130/1 | €29,780 | - | -€29,780 | |
| Reserves not available under the articles | 1311 | €29,780 | - | -€29,780 | |
| Distributable reserves | 133 | €786,807 | €734,268 | -€52,540 | -6.7% |
| Amounts payable | 17/49 | €442,977 | €522,738 | +€79,760 | +18.0% |
| Amounts payable after more than one year | 17 | €308,020 | €235,412 | -€72,608 | -23.6% |
| Financial debts | 170/4 | €308,020 | €235,412 | -€72,608 | -23.6% |
| Amounts payable within one year | 42/48 | €134,957 | €287,325 | +€152,368 | +112.9% |
| Current portion of amounts payable after more than one year | 42 | €83,796 | €72,608 | -€11,188 | -13.4% |
| Trade debts | 44 | €3,830 | €2,736 | -€1,094 | -28.6% |
| Suppliers | 440/4 | €3,830 | €2,736 | -€1,094 | -28.6% |
| Taxes, remuneration and social security | 45 | €30,415 | €16,031 | -€14,384 | -47.3% |
| Taxes | 450/3 | €28,517 | €16,031 | -€12,487 | -43.8% |
| Remuneration and social security | 454/9 | €1,898 | - | -€1,898 | |
| Other amounts payable | 47/48 | €16,916 | €195,950 | +€179,034 | +1058.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,680 | €67,073 | +€2,393 | +3.7% |
| Other operating charges | 640/8 | €7,311 | €7,592 | +€281 | +3.8% |
| Gross operating margin | 9900 | €278,399 | €231,745 | -€46,653 | -16.8% |
| Operating profit (loss) | 9901 | €206,409 | €157,081 | -€49,327 | -23.9% |
| Financial income | 75/76B | €130 | €241 | +€111 | +85.6% |
| Recurring financial income | 75 | €130 | €241 | +€111 | +85.6% |
| Financial charges | 65/66B | €6,609 | €6,296 | -€313 | -4.7% |
| Recurring financial charges | 65 | €6,609 | €6,296 | -€313 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €199,929 | €151,026 | -€48,903 | -24.5% |
| Income taxes | 67/77 | €50,622 | €39,810 | -€10,812 | -21.4% |
| Profit (loss) for the period | 9904 | €149,307 | €111,216 | -€38,091 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,307 | €111,216 | -€38,091 | -25.5% |
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 7 October 2026 via checked.be.