DBEERL: what changed
DBEERL
Largest movements
- Receivables within one year -€84,388
down €84,388 (-54.6%), from €154,571 to €70,183
of which Trade receivables: -€94,093
- Cash -€25,463
down €25,463 (-8.2%), from €312,128 to €286,665
mainly Contributions, distributions and other (-€36,585) and Trade debts (-€30,485)
- Profit (loss) carried forward -€60,239
down €60,239 (-75.1%), from €80,250 to €20,011
- Trade debts -€30,485
down €30,485 (-46.6%), from €65,482 to €34,997
- Debts after one year +€20,000
new in 2025: €20,000
- Current portion of long-term debt -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€19,916
down €19,916 (-75.2%), from €26,501 to €6,585
- Gross operating margin -€134,822
down €134,822, from €115,587 to -€19,235
- Taxes -€23,719
down €23,719 (-96.6%), from €24,565 to €846
- Depreciation -€3,873
down €3,873 (-51.9%), from €7,465 to €3,592
- Financial income +€2,593
new in 2025: €2,593
- Other operating charges -€1,913
down €1,913 (-52.0%), from €3,681 to €1,768
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €475,198 | €364,053 | -€111,145 | -23.4% |
| Fixed assets | 21/28 | €4,022 | €429 | -€3,593 | -89.3% |
| Tangible fixed assets | 22/27 | €3,604 | €11 | -€3,593 | -99.7% |
| Furniture and vehicles | 24 | €731 | €11 | -€720 | -98.5% |
| Leasing and similar rights | 25 | €2,873 | - | -€2,873 | |
| Financial fixed assets | 28 | €418 | €418 | = | 0.0% |
| Current assets | 29/58 | €471,176 | €363,624 | -€107,552 | -22.8% |
| Amounts receivable within one year | 40/41 | €154,571 | €70,183 | -€84,388 | -54.6% |
| Trade receivables | 40 | €110,360 | €16,267 | -€94,093 | -85.3% |
| Other amounts receivable | 41 | €44,211 | €53,916 | +€9,705 | +22.0% |
| Cash at bank and in hand | 54/58 | €312,128 | €286,665 | -€25,463 | -8.2% |
| Deferred charges and accrued income | 490/1 | €4,477 | €6,776 | +€2,299 | +51.4% |
| Total equity and liabilities | 10/49 | €475,198 | €364,053 | -€111,145 | -23.4% |
| Equity | 10/15 | €332,710 | €272,471 | -€60,239 | -18.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €232,000 | €232,000 | = | 0.0% |
| Distributable reserves | 133 | €232,000 | €232,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,250 | €20,011 | -€60,239 | -75.1% |
| Amounts payable | 17/49 | €142,488 | €91,582 | -€50,906 | -35.7% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €142,488 | €71,582 | -€70,906 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €65,482 | €34,997 | -€30,485 | -46.6% |
| Suppliers | 440/4 | €65,482 | €34,997 | -€30,485 | -46.6% |
| Taxes, remuneration and social security | 45 | €26,501 | €6,585 | -€19,916 | -75.2% |
| Taxes | 450/3 | €26,501 | €6,585 | -€19,916 | -75.2% |
| Other amounts payable | 47/48 | €30,505 | €30,000 | -€505 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,465 | €3,592 | -€3,873 | -51.9% |
| Other operating charges | 640/8 | €3,681 | €1,768 | -€1,913 | -52.0% |
| Non-recurring operating charges | 66A | €4,188 | €379 | -€3,809 | -91.0% |
| Gross operating margin | 9900 | €115,587 | -€19,235 | -€134,822 | |
| Operating profit (loss) | 9901 | €100,253 | -€24,974 | -€125,227 | |
| Financial income | 75/76B | - | €2,593 | +€2,593 | |
| Recurring financial income | 75 | - | €2,593 | +€2,593 | |
| Financial charges | 65/66B | €997 | €427 | -€570 | -57.2% |
| Recurring financial charges | 65 | €997 | €427 | -€570 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €99,256 | -€22,808 | -€122,064 | |
| Income taxes | 67/77 | €24,565 | €846 | -€23,719 | -96.6% |
| Profit (loss) for the period | 9904 | €74,691 | -€23,654 | -€98,345 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,691 | -€23,654 | -€98,345 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.