DBE CONCEPT: 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.
DBE CONCEPT
Largest movements
- Receivables within one year +€570,166
up €570,166 (+204.2%), from €279,275 to €849,442
of which Other amounts receivable: +€523,954
- Cash -€228,776
down €228,776 (-57.8%), from €395,712 to €166,936
mainly Receivables within one year (-€570,166) and Tax, wage and social debts (-€35,799)
- Deferred charges and accrued income -€18,796
down €18,796 (-67.4%), from €27,869 to €9,073
- Receivables after one year +€17,168
up €17,168 (+5.0%), from €341,145 to €358,313
- Reserves +€423,561
up €423,561 (+45.1%), from €938,175 to €1.4m
of which Distributable reserves: +€297,261
- Tax, wage and social debts -€35,799
down €35,799 (-78.0%), from €45,908 to €10,109
of which Taxes: -€35,100
- Other debts -€27,000
down €27,000 (-47.4%), from €57,000 to €30,000
- Trade debts -€24,556
down €24,556 (-29.6%), from €83,098 to €58,542
- Staff costs +€21,792
up €21,792 (+73.1%), from €29,827 to €51,620
- Financial income +€20,852
up €20,852 (+186.1%), from €11,207 to €32,059
- Taxes -€10,358
down €10,358 (-6.8%), from €151,628 to €141,269
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 | €1,131,947 | €1,467,785 | +€335,838 | +29.7% |
| Fixed assets | 21/28 | €87,946 | €84,021 | -€3,925 | -4.5% |
| Tangible fixed assets | 22/27 | €87,916 | €83,866 | -€4,050 | -4.6% |
| Plant, machinery and equipment | 23 | €266 | €1,252 | +€986 | +370.2% |
| Furniture and vehicles | 24 | €18,600 | €12,537 | -€6,063 | -32.6% |
| Other tangible fixed assets | 26 | €69,049 | €70,077 | +€1,027 | +1.5% |
| Financial fixed assets | 28 | €30 | €155 | +€125 | +416.7% |
| Current assets | 29/58 | €1,044,001 | €1,383,764 | +€339,763 | +32.5% |
| Amounts receivable after more than one year | 29 | €341,145 | €358,313 | +€17,168 | +5.0% |
| Trade receivables | 290 | €341,145 | €358,313 | +€17,168 | +5.0% |
| Amounts receivable within one year | 40/41 | €279,275 | €849,442 | +€570,166 | +204.2% |
| Trade receivables | 40 | €255,699 | €301,912 | +€46,213 | +18.1% |
| Other amounts receivable | 41 | €23,576 | €547,530 | +€523,954 | +2222.4% |
| Cash at bank and in hand | 54/58 | €395,712 | €166,936 | -€228,776 | -57.8% |
| Deferred charges and accrued income | 490/1 | €27,869 | €9,073 | -€18,796 | -67.4% |
| Total equity and liabilities | 10/49 | €1,131,947 | €1,467,785 | +€335,838 | +29.7% |
| Equity | 10/15 | €943,175 | €1,366,736 | +€423,561 | +44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €938,175 | €1,361,736 | +€423,561 | +45.1% |
| Tax-exempt reserves | 132 | €197,870 | €324,170 | +€126,300 | +63.8% |
| Distributable reserves | 133 | €740,305 | €1,037,566 | +€297,261 | +40.2% |
| Amounts payable | 17/49 | €188,772 | €101,049 | -€87,723 | -46.5% |
| Amounts payable within one year | 42/48 | €188,772 | €101,049 | -€87,723 | -46.5% |
| Financial debts | 43 | €2,766 | €1,925 | -€842 | -30.4% |
| Credit institutions | 430/8 | €2,766 | €1,925 | -€842 | -30.4% |
| Trade debts | 44 | €83,098 | €58,542 | -€24,556 | -29.6% |
| Suppliers | 440/4 | €83,098 | €58,542 | -€24,556 | -29.6% |
| Advances received on contracts in progress | 46 | - | €474 | +€474 | |
| Taxes, remuneration and social security | 45 | €45,908 | €10,109 | -€35,799 | -78.0% |
| Taxes | 450/3 | €36,648 | €1,547 | -€35,100 | -95.8% |
| Remuneration and social security | 454/9 | €9,260 | €8,562 | -€698 | -7.5% |
| Other amounts payable | 47/48 | €57,000 | €30,000 | -€27,000 | -47.4% |
| Remuneration, social security and pensions | 62 | €29,827 | €51,620 | +€21,792 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,825 | €17,541 | +€3,716 | +26.9% |
| Other operating charges | 640/8 | €2,960 | €2,260 | -€700 | -23.7% |
| Gross operating margin | 9900 | €600,896 | €604,945 | +€4,049 | +0.7% |
| Operating profit (loss) | 9901 | €554,284 | €533,524 | -€20,760 | -3.7% |
| Financial income | 75/76B | €11,207 | €32,059 | +€20,852 | +186.1% |
| Recurring financial income | 75 | €11,207 | €32,059 | +€20,852 | +186.1% |
| Financial charges | 65/66B | €2,018 | €753 | -€1,265 | -62.7% |
| Recurring financial charges | 65 | €2,018 | €753 | -€1,265 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €563,472 | €564,830 | +€1,358 | +0.2% |
| Income taxes | 67/77 | €151,628 | €141,269 | -€10,358 | -6.8% |
| Profit (loss) for the period | 9904 | €411,845 | €423,561 | +€11,716 | +2.8% |
| Transfer to tax-exempt reserves | 689 | €197,870 | €126,300 | -€71,570 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €213,975 | €297,261 | +€83,286 | +38.9% |
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.