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.
DBT
Largest movements
- Cash +€21,833
up €21,833 (+17.3%), from €126,498 to €148,332
mainly Net result for the year (+€102,954) and Depreciation (+€24,527)
- Tangible fixed assets -€20,812
down €20,812 (-22.4%), from €92,879 to €72,067
of which Furniture and vehicles: -€10,426
- Reserves +€52,954
up €52,954 (+16.2%), from €327,804 to €380,757
of which Distributable reserves: +€52,954
- Other debts -€34,200
down €34,200 (-35.2%), from €97,150 to €62,950
- Tax, wage and social debts -€14,536
down €14,536 (-72.1%), from €20,166 to €5,630
of which Taxes: -€14,536
- Gross operating margin +€21,526
up €21,526 (+15.6%), from €138,001 to €159,527
- Taxes +€8,051
up €8,051 (+29.6%), from €27,162 to €35,213
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 | €477,075 | €478,109 | +€1,034 | +0.2% |
| Fixed assets | 21/28 | €92,879 | €72,067 | -€20,812 | -22.4% |
| Tangible fixed assets | 22/27 | €92,879 | €72,067 | -€20,812 | -22.4% |
| Land and buildings | 22 | €36,382 | €29,665 | -€6,717 | -18.5% |
| Plant, machinery and equipment | 23 | €16,514 | €12,844 | -€3,669 | -22.2% |
| Furniture and vehicles | 24 | €39,984 | €29,558 | -€10,426 | -26.1% |
| Current assets | 29/58 | €384,196 | €406,042 | +€21,846 | +5.7% |
| Stocks and contracts in progress | 3 | €4,016 | €3,849 | -€167 | -4.2% |
| Stocks | 30/36 | €4,016 | €3,849 | -€167 | -4.2% |
| Amounts receivable within one year | 40/41 | €50 | €45 | -€5 | -10.0% |
| Trade receivables | 40 | €50 | €45 | -€5 | -10.0% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €126,498 | €148,332 | +€21,833 | +17.3% |
| Deferred charges and accrued income | 490/1 | €3,632 | €3,817 | +€185 | +5.1% |
| Total equity and liabilities | 10/49 | €477,075 | €478,109 | +€1,034 | +0.2% |
| Equity | 10/15 | €347,804 | €400,757 | +€52,954 | +15.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €327,804 | €380,757 | +€52,954 | +16.2% |
| Tax-exempt reserves | 132 | €11,100 | €11,100 | = | 0.0% |
| Distributable reserves | 133 | €316,704 | €369,657 | +€52,954 | +16.7% |
| Amounts payable | 17/49 | €129,271 | €77,352 | -€51,920 | -40.2% |
| Amounts payable within one year | 42/48 | €129,093 | €77,175 | -€51,918 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €2,860 | - | -€2,860 | |
| Trade debts | 44 | €8,917 | €8,595 | -€322 | -3.6% |
| Suppliers | 440/4 | €8,917 | €8,595 | -€322 | -3.6% |
| Taxes, remuneration and social security | 45 | €20,166 | €5,630 | -€14,536 | -72.1% |
| Taxes | 450/3 | €18,116 | €3,580 | -€14,536 | -80.2% |
| Remuneration and social security | 454/9 | €2,050 | €2,050 | = | 0.0% |
| Other amounts payable | 47/48 | €97,150 | €62,950 | -€34,200 | -35.2% |
| Accrued charges and deferred income | 492/3 | €179 | €177 | -€2 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,702 | €24,527 | -€175 | -0.7% |
| Other operating charges | 640/8 | €2,032 | €2,086 | +€54 | +2.6% |
| Gross operating margin | 9900 | €138,001 | €159,527 | +€21,526 | +15.6% |
| Operating profit (loss) | 9901 | €111,267 | €132,914 | +€21,647 | +19.5% |
| Financial income | 75/76B | €4,670 | €5,459 | +€790 | +16.9% |
| Recurring financial income | 75 | €4,670 | €5,459 | +€790 | +16.9% |
| Financial charges | 65/66B | €382 | €207 | -€175 | -45.9% |
| Recurring financial charges | 65 | €382 | €207 | -€175 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €115,554 | €138,166 | +€22,612 | +19.6% |
| Income taxes | 67/77 | €27,162 | €35,213 | +€8,051 | +29.6% |
| Profit (loss) for the period | 9904 | €88,393 | €102,954 | +€14,561 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,393 | €102,954 | +€14,561 | +16.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.