DBR INVEST: what changed
DBR INVEST
Largest movements
- Cash +€23,039
up €23,039 (+181%), from €12,700 to €35,740
mainly Receivables within one year (+€20,665) and Net result for the year (+€11,829)
- Receivables within one year -€20,665
down €20,665 (-44.5%), from €46,453 to €25,788
of which Other amounts receivable: -€14,980
- Tangible fixed assets -€10,010
down €10,010 (-27.8%), from €36,014 to €26,004
- Trade debts -€15,706
down €15,706 (-81.1%), from €19,361 to €3,656
- Other debts +€10,503
up €10,503 (+253%), from €4,158 to €14,661
- Debts after one year -€6,160
down €6,160 (-39.9%), from €15,421 to €9,261
- Tax, wage and social debts +€3,495
up €3,495 (+47.9%), from €7,302 to €10,797
of which Remuneration and social security: +€1,891
- Gross operating margin +€10,505
up €10,505 (+52.6%), from €19,973 to €30,478
- Taxes +€1,879
up €1,879 (+79.3%), from €2,369 to €4,247
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 | €99,665 | €91,537 | -€8,128 | -8.2% |
| Fixed assets | 21/28 | €39,014 | €29,004 | -€10,010 | -25.7% |
| Tangible fixed assets | 22/27 | €36,014 | €26,004 | -€10,010 | -27.8% |
| Furniture and vehicles | 24 | €36,014 | €26,004 | -€10,010 | -27.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €60,651 | €62,533 | +€1,881 | +3.1% |
| Amounts receivable within one year | 40/41 | €46,453 | €25,788 | -€20,665 | -44.5% |
| Trade receivables | 40 | €15,561 | €9,877 | -€5,685 | -36.5% |
| Other amounts receivable | 41 | €30,891 | €15,911 | -€14,980 | -48.5% |
| Cash at bank and in hand | 54/58 | €12,700 | €35,740 | +€23,039 | +181% |
| Deferred charges and accrued income | 490/1 | €1,498 | €1,005 | -€493 | -32.9% |
| Total equity and liabilities | 10/49 | €99,665 | €91,537 | -€8,128 | -8.2% |
| Equity | 10/15 | €46,659 | €46,659 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,059 | €28,059 | = | 0.0% |
| Distributable reserves | 133 | €28,059 | €28,059 | = | 0.0% |
| Amounts payable | 17/49 | €53,007 | €44,879 | -€8,128 | -15.3% |
| Amounts payable after more than one year | 17 | €15,421 | €9,261 | -€6,160 | -39.9% |
| Financial debts | 170/4 | €15,421 | €9,261 | -€6,160 | -39.9% |
| Amounts payable within one year | 42/48 | €36,686 | €35,274 | -€1,412 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €5,864 | €6,160 | +€296 | +5.0% |
| Trade debts | 44 | €19,361 | €3,656 | -€15,706 | -81.1% |
| Suppliers | 440/4 | €19,361 | €3,656 | -€15,706 | -81.1% |
| Taxes, remuneration and social security | 45 | €7,302 | €10,797 | +€3,495 | +47.9% |
| Taxes | 450/3 | €7,302 | €8,906 | +€1,604 | +22.0% |
| Remuneration and social security | 454/9 | - | €1,891 | +€1,891 | |
| Other amounts payable | 47/48 | €4,158 | €14,661 | +€10,503 | +253% |
| Accrued charges and deferred income | 492/3 | €900 | €343 | -€557 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,710 | €10,753 | +€43 | +0.4% |
| Other operating charges | 640/8 | €2,388 | €2,265 | -€123 | -5.1% |
| Gross operating margin | 9900 | €19,973 | €30,478 | +€10,505 | +52.6% |
| Operating profit (loss) | 9901 | €6,875 | €17,461 | +€10,585 | +154% |
| Financial income | 75/76B | €24 | €0 | -€24 | -99.9% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -99.9% |
| Financial charges | 65/66B | €1,598 | €1,384 | -€213 | -13.4% |
| Recurring financial charges | 65 | €1,598 | €1,384 | -€213 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €5,302 | €16,076 | +€10,775 | +203% |
| Income taxes | 67/77 | €2,369 | €4,247 | +€1,879 | +79.3% |
| Profit (loss) for the period | 9904 | €2,933 | €11,829 | +€8,896 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €2,933 | €11,829 | +€8,896 | +303% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.