DBO: 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.
DBO
Largest movements
- Receivables within one year +€144,075
up €144,075 (+221.9%), from €64,929 to €209,004
of which Trade receivables: +€136,535
- Cash -€74,826
down €74,826 (-35.1%), from €212,893 to €138,067
mainly Receivables within one year (-€144,075) and Net result for the year (-€34,029)
- Deferred charges and accrued income +€23,308
up €23,308 (+338.6%), from €6,884 to €30,191
- Tangible fixed assets -€13,628
down €13,628 (-35.2%), from €38,679 to €25,051
of which Furniture and vehicles: -€11,394
- Trade debts +€70,266
up €70,266 (+467.1%), from €15,043 to €85,309
- Advances received +€36,859
new in 2025: €36,859
- Accrued charges and deferred income +€36,775
up €36,775 (+66.1%), from €55,674 to €92,449
- Profit (loss) carried forward -€34,029
down €34,029 (-92.6%), from €36,739 to €2,710
- Tax, wage and social debts -€21,097
down €21,097 (-71.3%), from €29,610 to €8,512
- Write-downs +€50,000
new in 2025: €50,000
- Gross operating margin -€35,528
down €35,528 (-51.8%), from €68,585 to €33,057
- Taxes -€8,584
down €8,584 (-62.4%), from €13,750 to €5,166
- Financial income +€1,623
up €1,623 (+38.1%), from €4,258 to €5,881
- Other operating charges +€1,244
up €1,244 (+118.6%), from €1,049 to €2,294
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 | €323,384 | €402,313 | +€78,928 | +24.4% |
| Fixed assets | 21/28 | €38,679 | €25,051 | -€13,628 | -35.2% |
| Tangible fixed assets | 22/27 | €38,679 | €25,051 | -€13,628 | -35.2% |
| Plant, machinery and equipment | 23 | €4,668 | €2,433 | -€2,234 | -47.9% |
| Furniture and vehicles | 24 | €34,011 | €22,618 | -€11,394 | -33.5% |
| Current assets | 29/58 | €284,706 | €377,262 | +€92,556 | +32.5% |
| Amounts receivable within one year | 40/41 | €64,929 | €209,004 | +€144,075 | +221.9% |
| Trade receivables | 40 | €52,728 | €189,263 | +€136,535 | +258.9% |
| Other amounts receivable | 41 | €12,201 | €19,741 | +€7,539 | +61.8% |
| Cash at bank and in hand | 54/58 | €212,893 | €138,067 | -€74,826 | -35.1% |
| Deferred charges and accrued income | 490/1 | €6,884 | €30,191 | +€23,308 | +338.6% |
| Total equity and liabilities | 10/49 | €323,384 | €402,313 | +€78,928 | +24.4% |
| Equity | 10/15 | €188,339 | €154,310 | -€34,029 | -18.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €89,600 | €89,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,400 | €14,400 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,739 | €2,710 | -€34,029 | -92.6% |
| Amounts payable | 17/49 | €135,045 | €248,003 | +€112,957 | +83.6% |
| Amounts payable after more than one year | 17 | €25,045 | €14,313 | -€10,731 | -42.8% |
| Financial debts | 170/4 | €25,045 | €14,313 | -€10,731 | -42.8% |
| Amounts payable within one year | 42/48 | €54,326 | €141,240 | +€86,914 | +160.0% |
| Current portion of amounts payable after more than one year | 42 | €9,674 | €10,560 | +€886 | +9.2% |
| Trade debts | 44 | €15,043 | €85,309 | +€70,266 | +467.1% |
| Suppliers | 440/4 | €15,043 | €85,309 | +€70,266 | +467.1% |
| Advances received on contracts in progress | 46 | - | €36,859 | +€36,859 | |
| Taxes, remuneration and social security | 45 | €29,610 | €8,512 | -€21,097 | -71.3% |
| Taxes | 450/3 | €29,610 | €8,512 | -€21,097 | -71.3% |
| Accrued charges and deferred income | 492/3 | €55,674 | €92,449 | +€36,775 | +66.1% |
| Non-recurring operating income | 76A | - | €5,439 | +€5,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,811 | €13,628 | -€183 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €1,049 | €2,294 | +€1,244 | +118.6% |
| Gross operating margin | 9900 | €68,585 | €33,057 | -€35,528 | -51.8% |
| Operating profit (loss) | 9901 | €53,724 | -€32,865 | -€86,589 | |
| Financial income | 75/76B | €4,258 | €5,881 | +€1,623 | +38.1% |
| Recurring financial income | 75 | €4,258 | €5,881 | +€1,623 | +38.1% |
| Financial charges | 65/66B | €810 | €1,879 | +€1,068 | +131.8% |
| Recurring financial charges | 65 | €810 | €1,879 | +€1,068 | +131.8% |
| Profit (loss) for the period before taxes | 9903 | €57,172 | -€28,863 | -€86,034 | |
| Income taxes | 67/77 | €13,750 | €5,166 | -€8,584 | -62.4% |
| Profit (loss) for the period | 9904 | €43,422 | -€34,029 | -€77,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,422 | -€34,029 | -€77,451 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.