DBF: 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.
DBF
Largest movements
- Cash -€214,900
down €214,900 (-88.4%), from €243,233 to €28,334
mainly Contributions, distributions and other (-€164,706) and Other debts (-€112,624)
- Receivables within one year +€102,568
up €102,568 (+320%), from €32,094 to €134,662
of which Other amounts receivable: +€114,974
- Current investments +€86,467
up €86,467 (+293%), from €29,533 to €116,000
- Tangible fixed assets -€25,303
down €25,303 (-18.5%), from €136,650 to €111,347
of which Land and buildings: -€13,355
- Other debts -€112,624
down €112,624 (-82.0%), from €137,302 to €24,678
- Profit (loss) carried forward +€46,736
up €46,736 (+21.2%), from €220,932 to €267,668
- Trade debts +€15,393
up €15,393 (+524%), from €2,939 to €18,332
- Gross operating margin +€96,014
up €96,014 (+31.3%), from €307,098 to €403,112
- Taxes +€19,186
up €19,186 (+39.6%), from €48,451 to €67,637
- Staff costs +€16,788
up €16,788 (+21.2%), from €79,263 to €96,051
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 | €441,965 | €392,447 | -€49,518 | -11.2% |
| Fixed assets | 21/28 | €136,840 | €111,537 | -€25,303 | -18.5% |
| Tangible fixed assets | 22/27 | €136,650 | €111,347 | -€25,303 | -18.5% |
| Land and buildings | 22 | €88,312 | €74,958 | -€13,355 | -15.1% |
| Plant, machinery and equipment | 23 | €5,646 | €5,765 | +€120 | +2.1% |
| Furniture and vehicles | 24 | €42,693 | €30,624 | -€12,068 | -28.3% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €305,125 | €280,910 | -€24,215 | -7.9% |
| Amounts receivable within one year | 40/41 | €32,094 | €134,662 | +€102,568 | +320% |
| Trade receivables | 40 | €32,067 | €19,662 | -€12,405 | -38.7% |
| Other amounts receivable | 41 | €26 | €115,000 | +€114,974 | +434,354% |
| Current investments | 50/53 | €29,533 | €116,000 | +€86,467 | +293% |
| Cash at bank and in hand | 54/58 | €243,233 | €28,334 | -€214,900 | -88.4% |
| Deferred charges and accrued income | 490/1 | €264 | €1,914 | +€1,650 | +624% |
| Total equity and liabilities | 10/49 | €441,965 | €392,447 | -€49,518 | -11.2% |
| Equity | 10/15 | €241,837 | €288,573 | +€46,736 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,305 | €2,305 | = | 0.0% |
| Tax-exempt reserves | 132 | €445 | €445 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,932 | €267,668 | +€46,736 | +21.2% |
| Amounts payable | 17/49 | €200,128 | €103,875 | -€96,254 | -48.1% |
| Amounts payable within one year | 42/48 | €200,128 | €103,799 | -€96,329 | -48.1% |
| Trade debts | 44 | €2,939 | €18,332 | +€15,393 | +524% |
| Suppliers | 440/4 | €2,939 | €18,332 | +€15,393 | +524% |
| Taxes, remuneration and social security | 45 | €59,888 | €60,789 | +€901 | +1.5% |
| Taxes | 450/3 | €47,318 | €40,113 | -€7,205 | -15.2% |
| Remuneration and social security | 454/9 | €12,570 | €20,676 | +€8,107 | +64.5% |
| Other amounts payable | 47/48 | €137,302 | €24,678 | -€112,624 | -82.0% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Remuneration, social security and pensions | 62 | €79,263 | €96,051 | +€16,788 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,776 | €28,754 | -€22 | -0.1% |
| Other operating charges | 640/8 | €1,205 | €1,345 | +€140 | +11.6% |
| Gross operating margin | 9900 | €307,098 | €403,112 | +€96,014 | +31.3% |
| Operating profit (loss) | 9901 | €197,853 | €276,961 | +€79,109 | +40.0% |
| Financial income | 75/76B | €2,700 | €2,895 | +€194 | +7.2% |
| Recurring financial income | 75 | €2,700 | €2,895 | +€194 | +7.2% |
| Financial charges | 65/66B | €2,228 | €777 | -€1,450 | -65.1% |
| Recurring financial charges | 65 | €2,228 | €777 | -€1,450 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €198,326 | €279,079 | +€80,753 | +40.7% |
| Income taxes | 67/77 | €48,451 | €67,637 | +€19,186 | +39.6% |
| Profit (loss) for the period | 9904 | €149,875 | €211,442 | +€61,567 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €149,875 | €211,442 | +€61,567 | +41.1% |
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 17 October 2026 via checked.be.