DBD Properties: 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.
DBD Properties
Largest movements
- Tangible fixed assets +€11.6m
up €11.6m (+814.5%), from €1.4m to €13.1m
- Financial fixed assets -€3.1m
down €3.1m (-72.9%), from €4.3m to €1.2m
- Receivables within one year +€2.4m
up €2.4m (+125848.0%), from €1,911 to €2.4m
of which Other amounts receivable: +€2.4m
- Current investments +€1.4m
new in 2025: €1.4m
- Debts after one year +€8.7m
up €8.7m (+1341.0%), from €645,750 to €9.3m
of which Financial debts: +€6.8m
- Other debts -€3.3m
down €3.3m (-99.8%), from €3.3m to €5,779
- Revaluation surpluses +€2.7m
up €2.7m (+437.0%), from €617,199 to €3.3m
- Provisions +€2.2m
new in 2025: €2.2m
- Reserves +€1.4m
up €1.4m (+175.2%), from €782,385 to €2.2m
of which Tax-exempt reserves: +€1.0m
- Gross operating margin +€522,309
up €522,309 (+402.5%), from €129,773 to €652,082
- Financial income +€451,631
up €451,631 (+49629773.6%), from €1 to €451,632
- Taxes +€382,816
new in 2025: €382,816
- Depreciation +€201,889
up €201,889 (+675.5%), from €29,886 to €231,775
- Financial charges +€136,439
up €136,439 (+244.1%), from €55,893 to €192,331
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 | €6,209,096 | €18,569,117 | +€12.4m | +199.1% |
| Fixed assets | 21/28 | €5,705,064 | €14,230,982 | +€8.5m | +149.4% |
| Tangible fixed assets | 22/27 | €1,429,500 | €13,072,209 | +€11.6m | +814.5% |
| Land and buildings | 22 | €1,429,500 | €13,072,209 | +€11.6m | +814.5% |
| Financial fixed assets | 28 | €4,275,564 | €1,158,773 | -€3.1m | -72.9% |
| Current assets | 29/58 | €504,032 | €4,338,135 | +€3.8m | +760.7% |
| Stocks and contracts in progress | 3 | €371,024 | €371,024 | = | 0.0% |
| Stocks | 30/36 | €371,024 | €371,024 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,911 | €2,407,345 | +€2.4m | +125848.0% |
| Trade receivables | 40 | €1,911 | €44,133 | +€42,222 | +2209.0% |
| Other amounts receivable | 41 | - | €2,363,212 | +€2.4m | |
| Current investments | 50/53 | - | €1,400,000 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €17,541 | €154,842 | +€137,301 | +782.8% |
| Deferred charges and accrued income | 490/1 | €113,555 | €4,924 | -€108,631 | -95.7% |
| Total equity and liabilities | 10/49 | €6,209,096 | €18,569,117 | +€12.4m | +199.1% |
| Equity | 10/15 | €2,025,584 | €5,915,852 | +€3.9m | +192.1% |
| Contributions | 10/11 | €626,000 | €647,000 | +€21,000 | +3.4% |
| Revaluation surpluses | 12 | €617,199 | €3,314,405 | +€2.7m | +437.0% |
| Reserves | 13 | €782,385 | €2,153,187 | +€1.4m | +175.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €1,023,300 | +€1.0m | |
| Distributable reserves | 133 | €782,385 | €1,129,887 | +€347,501 | +44.4% |
| Profit (loss) carried forward | 14 | - | -€198,740 | -€198,740 | |
| Provisions and deferred taxes | 16 | - | €2,230,493 | +€2.2m | |
| Deferred taxes | 168 | - | €2,230,493 | +€2.2m | |
| Amounts payable | 17/49 | €4,183,511 | €10,422,773 | +€6.2m | +149.1% |
| Amounts payable after more than one year | 17 | €645,750 | €9,305,176 | +€8.7m | +1341.0% |
| Financial debts | 170/4 | €645,750 | €7,473,980 | +€6.8m | +1057.4% |
| Other amounts payable | 178/9 | - | €1,831,196 | +€1.8m | |
| Amounts payable within one year | 42/48 | €3,381,284 | €1,027,317 | -€2.4m | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €45,105 | €242,368 | +€197,263 | +437.3% |
| Trade debts | 44 | €3,568 | €219,733 | +€216,165 | +6058.2% |
| Suppliers | 440/4 | €3,568 | €219,733 | +€216,165 | +6058.2% |
| Taxes, remuneration and social security | 45 | - | €559,437 | +€559,437 | |
| Taxes | 450/3 | - | €559,437 | +€559,437 | |
| Other amounts payable | 47/48 | €3,332,611 | €5,779 | -€3.3m | -99.8% |
| Accrued charges and deferred income | 492/3 | €156,477 | €90,280 | -€66,197 | -42.3% |
| Non-recurring operating income | 76A | €78,573 | €618,690 | +€540,118 | +687.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,886 | €231,775 | +€201,889 | +675.5% |
| Other operating charges | 640/8 | €6,662 | €33,035 | +€26,373 | +395.9% |
| Gross operating margin | 9900 | €129,773 | €652,082 | +€522,309 | +402.5% |
| Operating profit (loss) | 9901 | €93,226 | €387,272 | +€294,047 | +315.4% |
| Financial income | 75/76B | €1 | €451,632 | +€451,631 | +49629773.6% |
| Recurring financial income | 75 | €1 | €451,632 | +€451,631 | +49629773.6% |
| Financial charges | 65/66B | €55,893 | €192,331 | +€136,439 | +244.1% |
| Recurring financial charges | 65 | €55,893 | €192,331 | +€136,439 | +244.1% |
| Profit (loss) for the period before taxes | 9903 | €37,334 | €646,573 | +€609,239 | +1631.9% |
| Transfer from deferred taxes | 780 | - | €445,769 | +€445,769 | |
| Transfer to deferred taxes | 680 | - | €154,673 | +€154,673 | |
| Income taxes | 67/77 | - | €382,816 | +€382,816 | |
| Profit (loss) for the period | 9904 | €37,334 | €554,853 | +€517,519 | +1386.2% |
| Transfer to tax-exempt reserves | 689 | - | €464,018 | +€464,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,334 | €90,835 | +€53,502 | +143.3% |
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 10 October 2026 via checked.be.