DBJM: what changed
Two fiscal 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.
DBJM
Largest movements
- Financial fixed assets +€13.4m
new in 2025: €13.4m
- Receivables within one year -€1.1m
down €1.1m (-96.4%), from €1.1m to €40,146
of which Trade receivables: -€846,212
- Cash +€437,070
up €437,070 (+106.6%), from €410,061 to €847,131
mainly Debts after one year (+€8.5m) and Contributions, distributions and other (+€3.3m)
- Debts after one year +€8.5m
new in 2025: €8.5m
- Contributions +€3.3m
up €3.3m (+65150.0%), from €5,000 to €3.3m
- Current portion of long-term debt +€1.5m
new in 2025: €1.5m
- Short-term financial debts -€847,000
down €847,000 (-100.0%), from €847,000 to €0
- Reserves +€305,101
up €305,101 (+48.4%), from €629,991 to €935,092
of which Tax-exempt reserves: +€168,400
- Gross operating margin -€354,171
down €354,171 (-44.2%), from €801,002 to €446,831
- Taxes -€77,945
down €77,945 (-41.1%), from €189,576 to €111,632
- Financial charges +€18,704
up €18,704 (+115.2%), from €16,238 to €34,942
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 | €1,516,418 | €14,247,039 | +€12.7m | +839.5% |
| Fixed assets | 21/28 | - | €13,355,000 | +€13.4m | |
| Financial fixed assets | 28 | - | €13,355,000 | +€13.4m | |
| Current assets | 29/58 | €1,516,418 | €892,039 | -€624,379 | -41.2% |
| Amounts receivable within one year | 40/41 | €1,106,357 | €40,146 | -€1.1m | -96.4% |
| Trade receivables | 40 | €865,934 | €19,722 | -€846,212 | -97.7% |
| Other amounts receivable | 41 | €240,424 | €20,424 | -€220,000 | -91.5% |
| Cash at bank and in hand | 54/58 | €410,061 | €847,131 | +€437,070 | +106.6% |
| Deferred charges and accrued income | 490/1 | - | €4,763 | +€4,763 | |
| Total equity and liabilities | 10/49 | €1,516,418 | €14,247,039 | +€12.7m | +839.5% |
| Equity | 10/15 | €634,991 | €4,197,592 | +€3.6m | +561.0% |
| Contributions | 10/11 | €5,000 | €3,262,500 | +€3.3m | +65150.0% |
| Reserves | 13 | €629,991 | €935,092 | +€305,101 | +48.4% |
| Tax-exempt reserves | 132 | €210,500 | €378,900 | +€168,400 | +80.0% |
| Distributable reserves | 133 | €419,491 | €556,192 | +€136,701 | +32.6% |
| Amounts payable | 17/49 | €881,427 | €10,049,447 | +€9.2m | +1040.1% |
| Amounts payable after more than one year | 17 | - | €8,484,849 | +€8.5m | |
| Financial debts | 170/4 | - | €8,484,849 | +€8.5m | |
| Amounts payable within one year | 42/48 | €868,722 | €1,564,598 | +€695,876 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,454,545 | +€1.5m | |
| Financial debts | 43 | €847,000 | €0 | -€847,000 | -100.0% |
| Other loans | 439 | €847,000 | €0 | -€847,000 | -100.0% |
| Trade debts | 44 | €1,276 | €1,540 | +€264 | +20.7% |
| Suppliers | 440/4 | €1,276 | €1,540 | +€264 | +20.7% |
| Taxes, remuneration and social security | 45 | €20,446 | €106,579 | +€86,133 | +421.3% |
| Taxes | 450/3 | €20,446 | €106,579 | +€86,133 | +421.3% |
| Other amounts payable | 47/48 | - | €1,934 | +€1,934 | |
| Accrued charges and deferred income | 492/3 | €12,705 | €0 | -€12,705 | -100.0% |
| Other operating charges | 640/8 | €387 | €704 | +€316 | +81.7% |
| Gross operating margin | 9900 | €801,002 | €446,831 | -€354,171 | -44.2% |
| Operating profit (loss) | 9901 | €800,614 | €446,127 | -€354,487 | -44.3% |
| Financial income | 75/76B | - | €5,547 | +€5,547 | |
| Recurring financial income | 75 | - | €5,547 | +€5,547 | |
| Financial charges | 65/66B | €16,238 | €34,942 | +€18,704 | +115.2% |
| Recurring financial charges | 65 | €16,238 | €34,942 | +€18,704 | +115.2% |
| Profit (loss) for the period before taxes | 9903 | €784,376 | €416,733 | -€367,643 | -46.9% |
| Income taxes | 67/77 | €189,576 | €111,632 | -€77,945 | -41.1% |
| Profit (loss) for the period | 9904 | €594,800 | €305,101 | -€289,699 | -48.7% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €168,400 | -€42,100 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €384,300 | €136,701 | -€247,599 | -64.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.