DBLM & Partners: 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.
DBLM & Partners
Largest movements
- Cash +€161,816
up €161,816 (+135%), from €120,120 to €281,937
mainly Net result for the year (+€277,674) and Depreciation (+€156,515)
- Receivables after one year -€38,596
down €38,596 (-38.4%), from €100,396 to €61,800
- Receivables within one year +€21,673
up €21,673 (+10.4%), from €208,399 to €230,072
of which Trade receivables: +€34,055
- Reserves +€163,000
up €163,000 (+19.0%), from €857,620 to €1.0m
of which Distributable reserves: +€163,000
- Debts after one year -€73,663
down €73,663 (-14.9%), from €495,852 to €422,189
- Tax, wage and social debts +€47,443
up €47,443 (+93.5%), from €50,757 to €98,200
of which Taxes: +€43,737
- Other debts +€28,412
up €28,412 (+196%), from €14,500 to €42,912
- Gross operating margin +€144,616
up €144,616 (+25.4%), from €568,435 to €713,051
- Taxes +€59,068
up €59,068 (+71.3%), from €82,882 to €141,949
- Staff costs -€28,086
down €28,086 (-21.5%), from €130,594 to €102,508
- Other operating charges -€10,399
down €10,399 (-56.8%), from €18,310 to €7,911
- Depreciation +€7,418
up €7,418 (+5.0%), from €149,098 to €156,515
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 | €1,972,972 | €2,113,140 | +€140,168 | +7.1% |
| Fixed assets | 21/28 | €1,526,821 | €1,518,979 | -€7,842 | -0.5% |
| Tangible fixed assets | 22/27 | €1,526,595 | €1,518,753 | -€7,842 | -0.5% |
| Land and buildings | 22 | €1,271,520 | €1,242,970 | -€28,550 | -2.2% |
| Plant, machinery and equipment | 23 | €44,393 | €29,646 | -€14,747 | -33.2% |
| Furniture and vehicles | 24 | €121,297 | €94,120 | -€27,177 | -22.4% |
| Leasing and similar rights | 25 | €87,117 | €152,018 | +€64,901 | +74.5% |
| Other tangible fixed assets | 26 | €2,269 | - | -€2,269 | |
| Financial fixed assets | 28 | €226 | €226 | = | 0.0% |
| Current assets | 29/58 | €446,151 | €594,161 | +€148,010 | +33.2% |
| Amounts receivable after more than one year | 29 | €100,396 | €61,800 | -€38,596 | -38.4% |
| Other amounts receivable | 291 | €100,396 | €61,800 | -€38,596 | -38.4% |
| Amounts receivable within one year | 40/41 | €208,399 | €230,072 | +€21,673 | +10.4% |
| Trade receivables | 40 | €191,223 | €225,278 | +€34,055 | +17.8% |
| Other amounts receivable | 41 | €17,176 | €4,794 | -€12,382 | -72.1% |
| Cash at bank and in hand | 54/58 | €120,120 | €281,937 | +€161,816 | +135% |
| Deferred charges and accrued income | 490/1 | €17,236 | €20,352 | +€3,116 | +18.1% |
| Total equity and liabilities | 10/49 | €1,972,972 | €2,113,140 | +€140,168 | +7.1% |
| Equity | 10/15 | €1,143,388 | €1,307,062 | +€163,674 | +14.3% |
| Contributions | 10/11 | €90,987 | €90,987 | = | 0.0% |
| Reserves | 13 | €857,620 | €1,020,620 | +€163,000 | +19.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €842,620 | €1,005,620 | +€163,000 | +19.3% |
| Profit (loss) carried forward | 14 | €194,781 | €195,455 | +€674 | +0.3% |
| Amounts payable | 17/49 | €829,584 | €806,078 | -€23,506 | -2.8% |
| Amounts payable after more than one year | 17 | €495,852 | €422,189 | -€73,663 | -14.9% |
| Financial debts | 170/4 | €495,852 | €422,189 | -€73,663 | -14.9% |
| Amounts payable within one year | 42/48 | €323,351 | €376,242 | +€52,891 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €243,744 | €232,458 | -€11,287 | -4.6% |
| Trade debts | 44 | €14,350 | €2,673 | -€11,677 | -81.4% |
| Suppliers | 440/4 | €14,350 | €2,673 | -€11,677 | -81.4% |
| Taxes, remuneration and social security | 45 | €50,757 | €98,200 | +€47,443 | +93.5% |
| Taxes | 450/3 | €41,705 | €85,443 | +€43,737 | +105% |
| Remuneration and social security | 454/9 | €9,052 | €12,757 | +€3,706 | +40.9% |
| Other amounts payable | 47/48 | €14,500 | €42,912 | +€28,412 | +196% |
| Accrued charges and deferred income | 492/3 | €10,381 | €7,647 | -€2,734 | -26.3% |
| Remuneration, social security and pensions | 62 | €130,594 | €102,508 | -€28,086 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,098 | €156,515 | +€7,418 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,580 | €1,535 | +€6,115 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,084 | -€1,084 | |
| Other operating charges | 640/8 | €18,310 | €7,911 | -€10,399 | -56.8% |
| Non-recurring operating charges | 66A | €1,546 | €2,090 | +€544 | +35.1% |
| Gross operating margin | 9900 | €568,435 | €713,051 | +€144,616 | +25.4% |
| Operating profit (loss) | 9901 | €273,467 | €443,575 | +€170,108 | +62.2% |
| Financial income | 75/76B | €3,506 | €2,764 | -€742 | -21.2% |
| Recurring financial income | 75 | €3,506 | €2,764 | -€742 | -21.2% |
| Financial charges | 65/66B | €26,244 | €26,717 | +€472 | +1.8% |
| Recurring financial charges | 65 | €26,244 | €26,717 | +€472 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €250,729 | €419,623 | +€168,894 | +67.4% |
| Income taxes | 67/77 | €82,882 | €141,949 | +€59,068 | +71.3% |
| Profit (loss) for the period | 9904 | €167,848 | €277,674 | +€109,826 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,848 | €277,674 | +€109,826 | +65.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.