DBM: 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.
DBM
Largest movements
- Cash +€82,445
up €82,445 (+77.9%), from €105,793 to €188,237
mainly Receivables within one year (+€55,631) and Net result for the year (+€24,506)
- Receivables within one year -€55,631
down €55,631 (-41.8%), from €133,046 to €77,415
of which Trade receivables: -€52,146
- Tangible fixed assets -€13,890
down €13,890 (-19.4%), from €71,758 to €57,868
of which Furniture and vehicles: -€12,068
- Reserves +€24,506
up €24,506 (+176.8%), from €13,860 to €38,366
- Debts after one year -€12,180
down €12,180 (-24.2%), from €50,331 to €38,151
- Trade debts -€4,856
down €4,856 (-27.3%), from €17,809 to €12,953
- Gross operating margin +€31,368
up €31,368 (+108.5%), from €28,923 to €60,291
- Depreciation +€9,568
up €9,568 (+97.1%), from €9,850 to €19,418
- Taxes +€5,798
up €5,798 (+158.9%), from €3,650 to €9,449
- Write-downs +€2,912
new in 2025: €2,912
- Financial charges +€1,418
up €1,418 (+95.6%), from €1,484 to €2,902
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 | €322,135 | €331,970 | +€9,835 | +3.1% |
| Fixed assets | 21/28 | €76,043 | €60,153 | -€15,890 | -20.9% |
| Intangible fixed assets | 21 | €4,285 | €2,285 | -€2,000 | -46.7% |
| Tangible fixed assets | 22/27 | €71,758 | €57,868 | -€13,890 | -19.4% |
| Plant, machinery and equipment | 23 | €5,206 | €3,384 | -€1,822 | -35.0% |
| Furniture and vehicles | 24 | €66,552 | €54,484 | -€12,068 | -18.1% |
| Current assets | 29/58 | €246,092 | €271,817 | +€25,725 | +10.5% |
| Amounts receivable within one year | 40/41 | €133,046 | €77,415 | -€55,631 | -41.8% |
| Trade receivables | 40 | €107,738 | €55,591 | -€52,146 | -48.4% |
| Other amounts receivable | 41 | €25,309 | €21,824 | -€3,484 | -13.8% |
| Cash at bank and in hand | 54/58 | €105,793 | €188,237 | +€82,445 | +77.9% |
| Deferred charges and accrued income | 490/1 | €7,253 | €6,164 | -€1,089 | -15.0% |
| Total equity and liabilities | 10/49 | €322,135 | €331,970 | +€9,835 | +3.1% |
| Equity | 10/15 | €231,577 | €256,082 | +€24,506 | +10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,860 | €38,366 | +€24,506 | +176.8% |
| Distributable reserves | 133 | €13,860 | €38,366 | +€24,506 | +176.8% |
| Profit (loss) carried forward | 14 | €205,317 | €205,317 | = | 0.0% |
| Amounts payable | 17/49 | €90,559 | €75,888 | -€14,671 | -16.2% |
| Amounts payable after more than one year | 17 | €50,331 | €38,151 | -€12,180 | -24.2% |
| Financial debts | 170/4 | €50,331 | €38,151 | -€12,180 | -24.2% |
| Amounts payable within one year | 42/48 | €40,228 | €37,737 | -€2,491 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €15,026 | €15,513 | +€487 | +3.2% |
| Trade debts | 44 | €17,809 | €12,953 | -€4,856 | -27.3% |
| Suppliers | 440/4 | €17,809 | €12,953 | -€4,856 | -27.3% |
| Taxes, remuneration and social security | 45 | €6,200 | €8,651 | +€2,451 | +39.5% |
| Taxes | 450/3 | €3,700 | €6,151 | +€2,451 | +66.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,193 | €620 | -€573 | -48.0% |
| Non-recurring operating income | 76A | €260 | €2,432 | +€2,172 | +835.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,850 | €19,418 | +€9,568 | +97.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,912 | +€2,912 | |
| Other operating charges | 640/8 | €1,156 | €1,103 | -€54 | -4.6% |
| Non-recurring operating charges | 66A | €490 | €2 | -€488 | -99.6% |
| Gross operating margin | 9900 | €28,923 | €60,291 | +€31,368 | +108.5% |
| Operating profit (loss) | 9901 | €17,427 | €36,856 | +€19,429 | +111.5% |
| Financial charges | 65/66B | €1,484 | €2,902 | +€1,418 | +95.6% |
| Recurring financial charges | 65 | €1,484 | €2,902 | +€1,418 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €15,943 | €33,954 | +€18,011 | +113.0% |
| Income taxes | 67/77 | €3,650 | €9,449 | +€5,798 | +158.9% |
| Profit (loss) for the period | 9904 | €12,293 | €24,506 | +€12,212 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,293 | €24,506 | +€12,212 | +99.3% |
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 30 September 2026 via checked.be.