DBM REFRIGERATION: 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.
DBM REFRIGERATION
Largest movements
- Tangible fixed assets -€34,537
down €34,537 (-65.7%), from €52,586 to €18,049
of which Furniture and vehicles: -€32,045
- Stocks and contracts +€31,681
up €31,681 (+24.7%), from €128,192 to €159,873
- Receivables within one year -€21,603
down €21,603 (-5.8%), from €372,157 to €350,554
of which Other amounts receivable: -€12,516
- Deferred charges and accrued income -€13,057
down €13,057 (-66.6%), from €19,607 to €6,551
- Other debts +€196,400
up €196,400 (+242%), from €80,994 to €277,394
- Profit (loss) carried forward -€194,583
down €194,583 (-154%), from -€126,626 to -€321,209
- Short-term financial debts -€51,072
down €51,072 (-24.7%), from €207,124 to €156,052
of which Other loans: -€50,000
- Trade debts +€20,156
up €20,156 (+9.6%), from €209,424 to €229,580
- Debts after one year -€11,882
down €11,882 (-47.8%), from €24,862 to €12,980
- Gross operating margin -€218,321
down €218,321 (-57.1%), from €382,602 to €164,281
- Financial income +€80,029
up €80,029 (+60,037%), from €133 to €80,163
of which Non-recurring financial income: +€80,000
- Staff costs -€52,473
down €52,473 (-12.5%), from €418,749 to €366,275
- Depreciation -€18,449
down €18,449 (-29.4%), from €62,809 to €44,360
- Financial charges -€9,725
down €9,725 (-45.9%), from €21,186 to €11,462
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 | €595,591 | €548,739 | -€46,852 | -7.9% |
| Fixed assets | 21/28 | €71,108 | €30,898 | -€40,211 | -56.5% |
| Intangible fixed assets | 21 | €17,022 | €11,348 | -€5,674 | -33.3% |
| Tangible fixed assets | 22/27 | €52,586 | €18,049 | -€34,537 | -65.7% |
| Land and buildings | 22 | €7,004 | €6,314 | -€690 | -9.8% |
| Plant, machinery and equipment | 23 | €3,168 | €1,366 | -€1,802 | -56.9% |
| Furniture and vehicles | 24 | €42,415 | €10,370 | -€32,045 | -75.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €524,483 | €517,841 | -€6,641 | -1.3% |
| Stocks and contracts in progress | 3 | €128,192 | €159,873 | +€31,681 | +24.7% |
| Stocks | 30/36 | €128,192 | €159,873 | +€31,681 | +24.7% |
| Amounts receivable within one year | 40/41 | €372,157 | €350,554 | -€21,603 | -5.8% |
| Trade receivables | 40 | €338,070 | €328,984 | -€9,087 | -2.7% |
| Other amounts receivable | 41 | €34,087 | €21,571 | -€12,516 | -36.7% |
| Cash at bank and in hand | 54/58 | €4,526 | €863 | -€3,663 | -80.9% |
| Deferred charges and accrued income | 490/1 | €19,607 | €6,551 | -€13,057 | -66.6% |
| Total equity and liabilities | 10/49 | €595,591 | €548,739 | -€46,852 | -7.9% |
| Equity | 10/15 | €6,184 | -€188,400 | -€194,583 | |
| Contributions | 10/11 | €17,250 | €17,250 | = | 0.0% |
| Reserves | 13 | €115,559 | €115,559 | = | 0.0% |
| Distributable reserves | 133 | €115,559 | €115,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,626 | -€321,209 | -€194,583 | -154% |
| Amounts payable | 17/49 | €589,408 | €737,139 | +€147,731 | +25.1% |
| Amounts payable after more than one year | 17 | €24,862 | €12,980 | -€11,882 | -47.8% |
| Financial debts | 170/4 | €24,862 | €12,980 | -€11,882 | -47.8% |
| Amounts payable within one year | 42/48 | €562,923 | €719,644 | +€156,721 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €18,674 | €11,882 | -€6,791 | -36.4% |
| Financial debts | 43 | €207,124 | €156,052 | -€51,072 | -24.7% |
| Credit institutions | 430/8 | €7,124 | €6,052 | -€1,072 | -15.0% |
| Other loans | 439 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Trade debts | 44 | €209,424 | €229,580 | +€20,156 | +9.6% |
| Suppliers | 440/4 | €209,424 | €229,580 | +€20,156 | +9.6% |
| Taxes, remuneration and social security | 45 | €46,707 | €44,735 | -€1,972 | -4.2% |
| Taxes | 450/3 | €7,602 | €2,181 | -€5,421 | -71.3% |
| Remuneration and social security | 454/9 | €39,105 | €42,554 | +€3,449 | +8.8% |
| Other amounts payable | 47/48 | €80,994 | €277,394 | +€196,400 | +242% |
| Accrued charges and deferred income | 492/3 | €1,623 | €4,515 | +€2,892 | +178% |
| Non-recurring operating income | 76A | €9,199 | - | -€9,199 | |
| Remuneration, social security and pensions | 62 | €418,749 | €366,275 | -€52,473 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,809 | €44,360 | -€18,449 | -29.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,250 | +€2,250 | |
| Other operating charges | 640/8 | €3,344 | €4,530 | +€1,186 | +35.5% |
| Non-recurring operating charges | 66A | €2,942 | €9,834 | +€6,891 | +234% |
| Gross operating margin | 9900 | €382,602 | €164,281 | -€218,321 | -57.1% |
| Operating profit (loss) | 9901 | -€105,243 | -€262,968 | -€157,725 | -150% |
| Financial income | 75/76B | €133 | €80,163 | +€80,029 | +60,037% |
| Recurring financial income | 75 | €133 | €163 | +€29 | +22.0% |
| Non-recurring financial income | 76B | - | €80,000 | +€80,000 | |
| Financial charges | 65/66B | €21,186 | €11,462 | -€9,725 | -45.9% |
| Recurring financial charges | 65 | €21,186 | €11,462 | -€9,725 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€126,295 | -€194,267 | -€67,971 | -53.8% |
| Income taxes | 67/77 | €330 | €317 | -€14 | -4.2% |
| Profit (loss) for the period | 9904 | -€126,626 | -€194,583 | -€67,958 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,626 | -€194,583 | -€67,958 | -53.7% |
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 25 October 2026 via checked.be.