DBT: 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.
What changed
DBT
NACE 55.209, Other holiday and short-stay accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€188,069
2024 · €172,220+€15,849
Equity
€3.1m
2024 · €2.9m+€142,708
Cash
€93,280
2024 · €285,622-€192,342
Balance sheet total
€3.5m
2024 · €3.3m+€154,232
Largest movements
Assets
- Current investments +€365,169
up €365,169 (+17.3%), from €2.1m to €2.5m
- Cash -€192,342
down €192,342 (-67.3%), from €285,622 to €93,280
mainly Current investments (-€365,169) and Investment in fixed assets (net) (-€45,681)
Equity and liabilities
- Reserves +€142,708
up €142,708 (+4.9%), from €2.9m to €3.0m
of which Distributable reserves: +€226,908
Income statement
- Financial income +€23,664
up €23,664 (+69.2%), from €34,206 to €57,870
- Taxes +€15,598
up €15,598 (+21.0%), from €74,264 to €89,862
- Depreciation -€7,099
down €7,099 (-9.9%), from €71,483 to €64,384
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.
Result 2024
€172,220
Gross operating margin
+€1,923
Depreciation
+€7,099
Other operating charges
+€1,137
Financial income
+€23,664
Financial charges
-€2,376
Taxes
-€15,598
Result 2025
€188,069
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.
From operations
+€262,965
Investment
-€410,850
Financing
-€44,458
Cash 2024
€285,622
From operations (derived)
+€262,965
Net result for the year
+€188,069
Depreciation
+€64,384
Receivables after one year
-€19,270
Receivables within one year
+€17,968
Deferred charges and accrued income
+€1,193
Smaller working-capital items
-€584
Tax, wage and social debts
+€8,458
Other debts
+€2,748
Investment (derived)
-€410,850
Investment in fixed assets (net)
-€45,681
Current investments
-€365,169
Financing
-€44,458
Short-term financial debts
+€902
Contributions, distributions and other
-€45,360
Cash 2025
€93,280
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,300,920 | €3,455,152 | +€154,232 | +4.7% |
| Fixed assets | 21/28 | €848,424 | €829,721 | -€18,703 | -2.2% |
| Tangible fixed assets | 22/27 | €848,424 | €829,721 | -€18,703 | -2.2% |
| Land and buildings | 22 | €471,459 | €422,822 | -€48,637 | -10.3% |
| Plant, machinery and equipment | 23 | €1,849 | €1,667 | -€181 | -9.8% |
| Furniture and vehicles | 24 | €18,420 | €56,809 | +€38,389 | +208.4% |
| Other tangible fixed assets | 26 | €356,696 | €348,423 | -€8,274 | -2.3% |
| Current assets | 29/58 | €2,452,496 | €2,625,431 | +€172,936 | +7.1% |
| Amounts receivable after more than one year | 29 | - | €19,270 | +€19,270 | |
| Other amounts receivable | 291 | - | €19,270 | +€19,270 | |
| Amounts receivable within one year | 40/41 | €46,914 | €28,947 | -€17,968 | -38.3% |
| Trade receivables | 40 | €28,242 | €28,947 | +€705 | +2.5% |
| Other amounts receivable | 41 | €18,672 | €0 | -€18,672 | -100.0% |
| Current investments | 50/53 | €2,114,604 | €2,479,773 | +€365,169 | +17.3% |
| Cash at bank and in hand | 54/58 | €285,622 | €93,280 | -€192,342 | -67.3% |
| Deferred charges and accrued income | 490/1 | €5,355 | €4,161 | -€1,193 | -22.3% |
| Total equity and liabilities | 10/49 | €3,300,920 | €3,455,152 | +€154,232 | +4.7% |
| Equity | 10/15 | €2,923,838 | €3,066,547 | +€142,708 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,905,238 | €3,047,947 | +€142,708 | +4.9% |
| Tax-exempt reserves | 132 | €84,200 | €0 | -€84,200 | -100.0% |
| Distributable reserves | 133 | €2,821,038 | €3,047,947 | +€226,908 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €377,081 | €388,605 | +€11,524 | +3.1% |
| Amounts payable within one year | 42/48 | €376,185 | €387,619 | +€11,434 | +3.0% |
| Financial debts | 43 | €0 | €902 | +€902 | |
| Credit institutions | 430/8 | €0 | €902 | +€902 | |
| Trade debts | 44 | €6,506 | €5,832 | -€674 | -10.4% |
| Suppliers | 440/4 | €6,506 | €5,832 | -€674 | -10.4% |
| Taxes, remuneration and social security | 45 | €20,947 | €29,405 | +€8,458 | +40.4% |
| Taxes | 450/3 | €20,947 | €29,405 | +€8,458 | +40.4% |
| Other amounts payable | 47/48 | €348,732 | €351,480 | +€2,748 | +0.8% |
| Accrued charges and deferred income | 492/3 | €896 | €986 | +€90 | +10.0% |
| Non-recurring operating income | 76A | - | €5,897 | +€5,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,483 | €64,384 | -€7,099 | -9.9% |
| Other operating charges | 640/8 | €10,105 | €8,968 | -€1,137 | -11.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €299,027 | €300,951 | +€1,923 | +0.6% |
| Operating profit (loss) | 9901 | €217,439 | €227,599 | +€10,160 | +4.7% |
| Financial income | 75/76B | €34,206 | €57,870 | +€23,664 | +69.2% |
| Recurring financial income | 75 | €34,206 | €57,870 | +€23,664 | +69.2% |
| Financial charges | 65/66B | €5,162 | €7,537 | +€2,376 | +46.0% |
| Recurring financial charges | 65 | €5,162 | €7,537 | +€2,376 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €246,484 | €277,931 | +€31,447 | +12.8% |
| Income taxes | 67/77 | €74,264 | €89,862 | +€15,598 | +21.0% |
| Profit (loss) for the period | 9904 | €172,220 | €188,069 | +€15,849 | +9.2% |
| Transfer from tax-exempt reserves | 789 | €0 | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,220 | €272,269 | +€100,049 | +58.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.