DBF - MANAGEMENT: 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 - MANAGEMENT
Largest movements
- Current investments -€103,927
down €103,927 (-12.4%), from €835,675 to €731,748
- Cash +€16,787
up €16,787 (+87.4%), from €19,210 to €35,997
mainly Current investments (+€103,927) and Depreciation (+€1,258)
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Profit (loss) carried forward -€27,660
down €27,660 (-12.3%), from €225,125 to €197,464
- Financial charges -€87,568
down €87,568 (-79.6%), from €110,032 to €22,464
of which Non-recurring financial charges: -€138,476
- Financial income +€45,133
up €45,133 (+435%), from €10,383 to €55,516
of which Financial income: +€45,133
- Gross operating margin -€4,606
down €4,606 (-8.6%), from -€53,444 to -€58,050
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 | €1,330,358 | €1,243,860 | -€86,498 | -6.5% |
| Fixed assets | 21/28 | €9,172 | €7,914 | -€1,258 | -13.7% |
| Tangible fixed assets | 22/27 | €9,172 | €7,914 | -€1,258 | -13.7% |
| Furniture and vehicles | 24 | €9,172 | €7,914 | -€1,258 | -13.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,321,186 | €1,235,946 | -€85,240 | -6.5% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €266,300 | €268,200 | +€1,900 | +0.7% |
| Trade receivables | 40 | €12,100 | €2,773 | -€9,327 | -77.1% |
| Other amounts receivable | 41 | €254,200 | €265,427 | +€11,227 | +4.4% |
| Current investments | 50/53 | €835,675 | €731,748 | -€103,927 | -12.4% |
| Cash at bank and in hand | 54/58 | €19,210 | €35,997 | +€16,787 | +87.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,330,358 | €1,243,860 | -€86,498 | -6.5% |
| Equity | 10/15 | €1,269,067 | €1,241,407 | -€27,660 | -2.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €978,942 | €978,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €930,907 | €930,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,125 | €197,464 | -€27,660 | -12.3% |
| Amounts payable | 17/49 | €61,291 | €2,453 | -€58,837 | -96.0% |
| Amounts payable after more than one year | 17 | €10,280 | €0 | -€10,280 | -100% |
| Other amounts payable | 178/9 | €10,280 | €0 | -€10,280 | -100% |
| Amounts payable within one year | 42/48 | €51,011 | €2,213 | -€48,798 | -95.7% |
| Trade debts | 44 | €1,011 | €2,213 | +€1,202 | +119% |
| Suppliers | 440/4 | €1,011 | €2,213 | +€1,202 | +119% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €1,258 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €1,086 | +€125 | +13.0% |
| Gross operating margin | 9900 | -€53,444 | -€58,050 | -€4,606 | -8.6% |
| Operating profit (loss) | 9901 | -€55,662 | -€60,393 | -€4,732 | -8.5% |
| Financial income | 75/76B | €10,383 | €55,516 | +€45,133 | +435% |
| Recurring financial income | 75 | €10,383 | €55,516 | +€45,133 | +435% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €110,032 | €22,464 | -€87,568 | -79.6% |
| Recurring financial charges | 65 | -€28,444 | €22,464 | +€50,908 | |
| Non-recurring financial charges | 66B | €138,476 | €0 | -€138,476 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€155,311 | -€27,342 | +€127,969 | +82.4% |
| Income taxes | 67/77 | €224 | €318 | +€94 | +41.9% |
| Profit (loss) for the period | 9904 | -€155,535 | -€27,660 | +€127,875 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€155,535 | -€27,660 | +€127,875 | +82.2% |
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 14 October 2026 via checked.be.