DBDECO: 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.
DBDECO
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets +€65,628
up €65,628 (+3.5%), from €1.9m to €1.9m
of which Land and buildings: +€66,507
- Cash -€30,974
down €30,974 (-6.9%), from €449,782 to €418,808
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€162,425)
- Receivables within one year -€28,894
down €28,894 (-50.9%), from €56,722 to €27,828
of which Trade receivables: -€25,671
- Reserves +€118,000
up €118,000 (+22.8%), from €518,000 to €636,000
- Other debts +€91,201
up €91,201 (+55.6%), from €163,908 to €255,108
- Trade debts -€34,377
down €34,377 (-94.0%), from €36,557 to €2,180
- Gross operating margin +€99,299
up €99,299 (+24.0%), from €413,157 to €512,456
- Taxes +€32,420
up €32,420 (+69.1%), from €46,908 to €79,329
- Depreciation -€13,877
down €13,877 (-12.5%), from €110,673 to €96,797
- Staff costs +€13,700
up €13,700 (+31.6%), from €43,316 to €57,016
- Financial charges +€9,649
up €9,649 (+10.5%), from €91,790 to €101,439
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.
Derived cash bridge
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 | €2,503,828 | €2,704,179 | +€200,352 | +8.0% |
| Fixed assets | 21/28 | €1,855,888 | €1,921,516 | +€65,628 | +3.5% |
| Tangible fixed assets | 22/27 | €1,855,888 | €1,921,516 | +€65,628 | +3.5% |
| Land and buildings | 22 | €1,848,706 | €1,915,212 | +€66,507 | +3.6% |
| Furniture and vehicles | 24 | €7,183 | €6,304 | -€879 | -12.2% |
| Current assets | 29/58 | €647,939 | €782,663 | +€134,724 | +20.8% |
| Stocks and contracts in progress | 3 | €130,882 | €125,188 | -€5,694 | -4.4% |
| Stocks | 30/36 | €130,882 | €125,188 | -€5,694 | -4.4% |
| Amounts receivable within one year | 40/41 | €56,722 | €27,828 | -€28,894 | -50.9% |
| Trade receivables | 40 | €53,499 | €27,828 | -€25,671 | -48.0% |
| Other amounts receivable | 41 | €3,222 | - | -€3,222 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €449,782 | €418,808 | -€30,974 | -6.9% |
| Deferred charges and accrued income | 490/1 | €10,553 | €10,840 | +€286 | +2.7% |
| Total equity and liabilities | 10/49 | €2,503,828 | €2,704,179 | +€200,352 | +8.0% |
| Equity | 10/15 | €1,026,336 | €1,144,957 | +€118,621 | +11.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €518,000 | €636,000 | +€118,000 | +22.8% |
| Distributable reserves | 133 | €518,000 | €636,000 | +€118,000 | +22.8% |
| Profit (loss) carried forward | 14 | €487,876 | €488,497 | +€621 | +0.1% |
| Amounts payable | 17/49 | €1,477,492 | €1,559,223 | +€81,731 | +5.5% |
| Amounts payable after more than one year | 17 | €1,123,208 | €1,135,991 | +€12,783 | +1.1% |
| Financial debts | 170/4 | €1,123,208 | €1,135,991 | +€12,783 | +1.1% |
| Amounts payable within one year | 42/48 | €348,744 | €412,035 | +€63,291 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €102,679 | €87,217 | -€15,462 | -15.1% |
| Trade debts | 44 | €36,557 | €2,180 | -€34,377 | -94.0% |
| Suppliers | 440/4 | €36,557 | €2,180 | -€34,377 | -94.0% |
| Taxes, remuneration and social security | 45 | €45,600 | €67,529 | +€21,929 | +48.1% |
| Taxes | 450/3 | €33,307 | €67,167 | +€33,859 | +102% |
| Remuneration and social security | 454/9 | €12,293 | €363 | -€11,930 | -97.0% |
| Other amounts payable | 47/48 | €163,908 | €255,108 | +€91,201 | +55.6% |
| Accrued charges and deferred income | 492/3 | €5,540 | €11,197 | +€5,657 | +102% |
| Non-recurring operating income | 76A | €212 | €4,231 | +€4,019 | +1,900% |
| Remuneration, social security and pensions | 62 | €43,316 | €57,016 | +€13,700 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,673 | €96,797 | -€13,877 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,287 | - | -€4,287 | |
| Other operating charges | 640/8 | €9,712 | €10,947 | +€1,236 | +12.7% |
| Gross operating margin | 9900 | €413,157 | €512,456 | +€99,299 | +24.0% |
| Operating profit (loss) | 9901 | €245,169 | €347,695 | +€102,527 | +41.8% |
| Financial income | 75/76B | €1,711 | €1,693 | -€18 | -1.1% |
| Recurring financial income | 75 | €1,711 | €1,693 | -€18 | -1.1% |
| Financial charges | 65/66B | €91,790 | €101,439 | +€9,649 | +10.5% |
| Recurring financial charges | 65 | €91,790 | €101,439 | +€9,649 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €155,090 | €247,949 | +€92,860 | +59.9% |
| Income taxes | 67/77 | €46,908 | €79,329 | +€32,420 | +69.1% |
| Profit (loss) for the period | 9904 | €108,181 | €168,621 | +€60,439 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,181 | €168,621 | +€60,439 | +55.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.