DBOXX: what changed
DBOXX
Largest movements
- Current investments +€50,658
new in 2025: €50,658
- Stocks and contracts +€28,533
new in 2025: €28,533
- Receivables within one year +€17,696
up €17,696 (+204%), from €8,695 to €26,391
of which Other amounts receivable: +€9,286
- Cash -€15,506
down €15,506 (-36.0%), from €43,112 to €27,607
mainly Current investments (-€50,658) and Investment in fixed assets (net) (-€32,810)
- Tangible fixed assets +€15,066
up €15,066 (+26.6%), from €56,573 to €71,639
of which Plant, machinery and equipment: +€19,056
- Debts after one year +€48,233
up €48,233 (+91.8%), from €52,517 to €100,749
- Trade debts +€29,211
up €29,211 (+143%), from €20,360 to €49,571
- Accrued charges and deferred income +€20,290
up €20,290, from €0 to €20,290
- Reserves +€3,243
up €3,243 (+24.1%), from €13,436 to €16,679
- Current portion of long-term debt -€3,203
down €3,203 (-64.4%), from €4,970 to €1,767
- Staff costs +€46,003
up €46,003 (+52.2%), from €88,160 to €134,163
- Gross operating margin +€33,786
up €33,786 (+27.0%), from €125,171 to €158,957
- Taxes -€2,756
down €2,756 (-65.4%), from €4,211 to €1,455
- Financial charges +€2,359
up €2,359 (+301%), from €784 to €3,143
- Financial income +€1,832
up €1,832 (+22,898%), from €8 to €1,840
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,628 | €210,839 | +€99,210 | +88.9% |
| Fixed assets | 21/28 | €56,573 | €71,639 | +€15,066 | +26.6% |
| Tangible fixed assets | 22/27 | €56,573 | €71,639 | +€15,066 | +26.6% |
| Plant, machinery and equipment | 23 | €4,542 | €23,598 | +€19,056 | +420% |
| Furniture and vehicles | 24 | €7,427 | €10,453 | +€3,027 | +40.8% |
| Other tangible fixed assets | 26 | €44,605 | €37,588 | -€7,017 | -15.7% |
| Current assets | 29/58 | €55,055 | €139,200 | +€84,144 | +153% |
| Stocks and contracts in progress | 3 | - | €28,533 | +€28,533 | |
| Stocks | 30/36 | - | €28,533 | +€28,533 | |
| Amounts receivable within one year | 40/41 | €8,695 | €26,391 | +€17,696 | +204% |
| Trade receivables | 40 | €1,292 | €9,702 | +€8,410 | +651% |
| Other amounts receivable | 41 | €7,403 | €16,689 | +€9,286 | +125% |
| Current investments | 50/53 | - | €50,658 | +€50,658 | |
| Cash at bank and in hand | 54/58 | €43,112 | €27,607 | -€15,506 | -36.0% |
| Deferred charges and accrued income | 490/1 | €3,248 | €6,011 | +€2,763 | +85.1% |
| Total equity and liabilities | 10/49 | €111,628 | €210,839 | +€99,210 | +88.9% |
| Equity | 10/15 | €23,436 | €26,679 | +€3,243 | +13.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €13,436 | €16,679 | +€3,243 | +24.1% |
| Distributable reserves | 133 | €13,436 | €16,679 | +€3,243 | +24.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €88,193 | €184,160 | +€95,967 | +109% |
| Amounts payable after more than one year | 17 | €52,517 | €100,749 | +€48,233 | +91.8% |
| Financial debts | 170/4 | €52,517 | €100,749 | +€48,233 | +91.8% |
| Amounts payable within one year | 42/48 | €35,676 | €63,120 | +€27,444 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | €4,970 | €1,767 | -€3,203 | -64.4% |
| Financial debts | 43 | €1,000 | €0 | -€1,000 | -100% |
| Credit institutions | 430/8 | €1,000 | €0 | -€1,000 | -100% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €20,360 | €49,571 | +€29,211 | +143% |
| Suppliers | 440/4 | €20,360 | €49,571 | +€29,211 | +143% |
| Taxes, remuneration and social security | 45 | €9,264 | €11,556 | +€2,292 | +24.7% |
| Taxes | 450/3 | €6,863 | €1,460 | -€5,403 | -78.7% |
| Remuneration and social security | 454/9 | €2,401 | €10,096 | +€7,695 | +321% |
| Other amounts payable | 47/48 | €82 | €226 | +€144 | +177% |
| Accrued charges and deferred income | 492/3 | €0 | €20,290 | +€20,290 | |
| Remuneration, social security and pensions | 62 | €88,160 | €134,163 | +€46,003 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,214 | €17,745 | +€1,530 | +9.4% |
| Other operating charges | 640/8 | €1,196 | €1,048 | -€148 | -12.4% |
| Gross operating margin | 9900 | €125,171 | €158,957 | +€33,786 | +27.0% |
| Operating profit (loss) | 9901 | €19,601 | €6,002 | -€13,599 | -69.4% |
| Financial income | 75/76B | €8 | €1,840 | +€1,832 | +22,898% |
| Recurring financial income | 75 | €8 | €1,840 | +€1,832 | +22,898% |
| Financial charges | 65/66B | €784 | €3,143 | +€2,359 | +301% |
| Recurring financial charges | 65 | €784 | €3,143 | +€2,359 | +301% |
| Profit (loss) for the period before taxes | 9903 | €18,825 | €4,699 | -€14,126 | -75.0% |
| Income taxes | 67/77 | €4,211 | €1,455 | -€2,756 | -65.4% |
| Profit (loss) for the period | 9904 | €14,614 | €3,243 | -€11,371 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,614 | €3,243 | -€11,371 | -77.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.