DBG: 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.
DBG
Largest movements
- Tangible fixed assets -€90,845
down €90,845 (-4.9%), from €1.9m to €1.8m
of which Land and buildings: -€81,815
- Cash +€40,368
up €40,368 (+63.3%), from €63,775 to €104,143
mainly Depreciation (+€116,435) and Net result for the year (+€61,879)
- Debts after one year -€129,404
down €129,404 (-9.4%), from €1.4m to €1.3m
of which Financial debts: -€132,989
- Reserves +€61,879
up €61,879 (+21.4%), from €289,667 to €351,546
- Accrued charges and deferred income +€34,928
up €34,928 (+1665.4%), from €2,097 to €37,025
- Gross operating margin +€21,876
up €21,876 (+10.7%), from €205,094 to €226,970
- Taxes +€14,008
up €14,008 (+214.9%), from €6,518 to €20,525
- Write-downs +€2,760
new in 2025: €2,760
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 | €1,962,510 | €1,919,203 | -€43,307 | -2.2% |
| Fixed assets | 21/28 | €1,860,603 | €1,769,461 | -€91,143 | -4.9% |
| Intangible fixed assets | 21 | €2,356 | €2,058 | -€298 | -12.6% |
| Tangible fixed assets | 22/27 | €1,858,247 | €1,767,402 | -€90,845 | -4.9% |
| Land and buildings | 22 | €1,823,216 | €1,741,401 | -€81,815 | -4.5% |
| Plant, machinery and equipment | 23 | €8,202 | €4,191 | -€4,011 | -48.9% |
| Furniture and vehicles | 24 | €26,829 | €21,810 | -€5,019 | -18.7% |
| Current assets | 29/58 | €101,907 | €149,743 | +€47,835 | +46.9% |
| Amounts receivable within one year | 40/41 | €36,422 | €43,841 | +€7,420 | +20.4% |
| Trade receivables | 40 | €7,055 | €40,584 | +€33,529 | +475.2% |
| Other amounts receivable | 41 | €29,367 | €3,257 | -€26,109 | -88.9% |
| Cash at bank and in hand | 54/58 | €63,775 | €104,143 | +€40,368 | +63.3% |
| Deferred charges and accrued income | 490/1 | €1,710 | €1,758 | +€48 | +2.8% |
| Total equity and liabilities | 10/49 | €1,962,510 | €1,919,203 | -€43,307 | -2.2% |
| Equity | 10/15 | €313,307 | €375,186 | +€61,879 | +19.8% |
| Contributions | 10/11 | €23,640 | €23,640 | = | 0.0% |
| Reserves | 13 | €289,667 | €351,546 | +€61,879 | +21.4% |
| Distributable reserves | 133 | €289,667 | €351,546 | +€61,879 | +21.4% |
| Amounts payable | 17/49 | €1,649,204 | €1,544,018 | -€105,186 | -6.4% |
| Amounts payable after more than one year | 17 | €1,381,763 | €1,252,359 | -€129,404 | -9.4% |
| Financial debts | 170/4 | €1,335,153 | €1,202,164 | -€132,989 | -10.0% |
| Other amounts payable | 178/9 | €46,610 | €50,195 | +€3,585 | +7.7% |
| Amounts payable within one year | 42/48 | €265,343 | €254,634 | -€10,710 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €130,906 | €132,989 | +€2,083 | +1.6% |
| Trade debts | 44 | €12,821 | €4,565 | -€8,255 | -64.4% |
| Suppliers | 440/4 | €12,821 | €4,565 | -€8,255 | -64.4% |
| Taxes, remuneration and social security | 45 | €5,849 | €1,312 | -€4,537 | -77.6% |
| Taxes | 450/3 | €5,849 | €1,312 | -€4,537 | -77.6% |
| Other amounts payable | 47/48 | €115,767 | €115,767 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,097 | €37,025 | +€34,928 | +1665.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,477 | €116,435 | +€1,958 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,760 | +€2,760 | |
| Other operating charges | 640/8 | €1,128 | €1,140 | +€13 | +1.1% |
| Gross operating margin | 9900 | €205,094 | €226,970 | +€21,876 | +10.7% |
| Operating profit (loss) | 9901 | €89,489 | €106,635 | +€17,145 | +19.2% |
| Financial income | 75/76B | €552 | €672 | +€121 | +21.9% |
| Recurring financial income | 75 | €552 | €672 | +€121 | +21.9% |
| Financial charges | 65/66B | €26,666 | €24,903 | -€1,764 | -6.6% |
| Recurring financial charges | 65 | €26,666 | €24,903 | -€1,764 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €63,375 | €82,405 | +€19,030 | +30.0% |
| Income taxes | 67/77 | €6,518 | €20,525 | +€14,008 | +214.9% |
| Profit (loss) for the period | 9904 | €56,857 | €61,879 | +€5,022 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,857 | €61,879 | +€5,022 | +8.8% |
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 10 October 2026 via checked.be.