DBF RE Development: 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 RE Development
Largest movements
- Stocks and contracts -€69,310
down €69,310 (-65.0%), from €106,581 to €37,271
- Receivables within one year +€40,367
up €40,367 (+57.2%), from €70,601 to €110,969
of which Trade receivables: +€47,467
- Deferred charges and accrued income -€10,332
no longer reported in 2025 (was €10,332)
- Profit (loss) carried forward -€116,772
down €116,772 (-21.3%), from -€548,037 to -€664,809
- Other debts +€53,808
new in 2025: €53,808
- Trade debts +€26,806
up €26,806 (+24.2%), from €110,636 to €137,442
- Accrued charges and deferred income -€10,000
down €10,000 (-5.1%), from €195,000 to €185,000
- Tax, wage and social debts +€7,036
new in 2025: €7,036
- Write-downs +€14,260
new in 2025: €14,260
- Gross operating margin -€10,252
down €10,252 (-11.2%), from -€91,290 to -€101,542
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 | €191,626 | €152,504 | -€39,122 | -20.4% |
| Current assets | 29/58 | €191,626 | €152,504 | -€39,122 | -20.4% |
| Stocks and contracts in progress | 3 | €106,581 | €37,271 | -€69,310 | -65.0% |
| Contracts in progress | 37 | €106,581 | €37,271 | -€69,310 | -65.0% |
| Amounts receivable within one year | 40/41 | €70,601 | €110,969 | +€40,367 | +57.2% |
| Trade receivables | 40 | €51,346 | €98,813 | +€47,467 | +92.4% |
| Other amounts receivable | 41 | €19,255 | €12,155 | -€7,100 | -36.9% |
| Cash at bank and in hand | 54/58 | €4,111 | €4,265 | +€153 | +3.7% |
| Deferred charges and accrued income | 490/1 | €10,332 | - | -€10,332 | |
| Total equity and liabilities | 10/49 | €191,626 | €152,504 | -€39,122 | -20.4% |
| Equity | 10/15 | -€114,010 | -€230,782 | -€116,772 | -102.4% |
| Contributions | 10/11 | €433,170 | €433,170 | = | 0.0% |
| Capital | 10 | €433,170 | €433,170 | = | 0.0% |
| Issued capital | 100 | €433,170 | €433,170 | = | 0.0% |
| Reserves | 13 | €857 | €857 | = | 0.0% |
| Non-distributable reserves | 130/1 | €857 | €857 | = | 0.0% |
| Legal reserve | 130 | €857 | €857 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€548,037 | -€664,809 | -€116,772 | -21.3% |
| Amounts payable | 17/49 | €305,636 | €383,286 | +€77,650 | +25.4% |
| Amounts payable within one year | 42/48 | €110,636 | €198,286 | +€87,650 | +79.2% |
| Trade debts | 44 | €110,636 | €137,442 | +€26,806 | +24.2% |
| Suppliers | 440/4 | €110,636 | €137,442 | +€26,806 | +24.2% |
| Taxes, remuneration and social security | 45 | - | €7,036 | +€7,036 | |
| Taxes | 450/3 | - | €7,036 | +€7,036 | |
| Other amounts payable | 47/48 | - | €53,808 | +€53,808 | |
| Accrued charges and deferred income | 492/3 | €195,000 | €185,000 | -€10,000 | -5.1% |
| Non-recurring operating income | 76A | €29,500 | €2,950 | -€26,550 | -90.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,260 | +€14,260 | |
| Other operating charges | 640/8 | €569 | €632 | +€63 | +11.0% |
| Gross operating margin | 9900 | -€91,290 | -€101,542 | -€10,252 | -11.2% |
| Operating profit (loss) | 9901 | -€91,859 | -€116,434 | -€24,574 | -26.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | +22900.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +22900.0% |
| Financial charges | 65/66B | €310 | €340 | +€30 | +9.8% |
| Recurring financial charges | 65 | €310 | €340 | +€30 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€92,170 | -€116,772 | -€24,602 | -26.7% |
| Profit (loss) for the period | 9904 | -€92,170 | -€116,772 | -€24,602 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,170 | -€116,772 | -€24,602 | -26.7% |
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 11 October 2026 via checked.be.