DBT LOGISTICS: what changed
Two financial 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 LOGISTICS
Largest movements
- Tangible fixed assets -€86,124
down €86,124 (-13.2%), from €653,861 to €567,737
of which Leasing and similar rights: -€121,098
- Receivables within one year -€55,297
down €55,297 (-9.1%), from €608,708 to €553,410
of which Trade receivables: -€36,332
- Deferred charges and accrued income +€54,571
up €54,571 (+189%), from €28,895 to €83,466
- Cash -€30,615
down €30,615 (-23.2%), from €131,914 to €101,300
mainly Investment in fixed assets (net) (-€216,306) and Debts after one year (-€116,626)
- Intangible fixed assets +€19,854
up €19,854 (+258%), from €7,700 to €27,553
- Reserves +€175,000
up €175,000 (+33.4%), from €523,802 to €698,802
of which Distributable reserves: +€175,000
- Debts after one year -€116,626
no longer reported in 2025 (was €116,626)
- Tax, wage and social debts -€76,347
down €76,347 (-49.7%), from €153,552 to €77,205
of which Remuneration and social security: -€67,090
- Short-term financial debts -€50,300
down €50,300 (-62.3%), from €80,753 to €30,453
of which Credit institutions: -€50,300
- Current portion of long-term debt -€44,242
down €44,242 (-27.5%), from €160,868 to €116,626
- Gross operating margin +€112,837
up €112,837 (+7.3%), from €1.5m to €1.7m
- Taxes +€40,034
up €40,034 (+214%), from €18,746 to €58,780
- Depreciation -€33,500
down €33,500 (-10.6%), from €316,236 to €282,736
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.
Derived cash bridge
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 | €1,431,281 | €1,333,510 | -€97,771 | -6.8% |
| Fixed assets | 21/28 | €661,764 | €595,334 | -€66,430 | -10.0% |
| Intangible fixed assets | 21 | €7,700 | €27,553 | +€19,854 | +258% |
| Tangible fixed assets | 22/27 | €653,861 | €567,737 | -€86,124 | -13.2% |
| Plant, machinery and equipment | 23 | €12,212 | €8,108 | -€4,104 | -33.6% |
| Furniture and vehicles | 24 | €337,983 | €377,060 | +€39,077 | +11.6% |
| Leasing and similar rights | 25 | €303,666 | €182,568 | -€121,098 | -39.9% |
| Financial fixed assets | 28 | €204 | €44 | -€160 | -78.4% |
| Current assets | 29/58 | €769,516 | €738,176 | -€31,341 | -4.1% |
| Amounts receivable within one year | 40/41 | €608,708 | €553,410 | -€55,297 | -9.1% |
| Trade receivables | 40 | €454,763 | €418,431 | -€36,332 | -8.0% |
| Other amounts receivable | 41 | €153,945 | €134,979 | -€18,966 | -12.3% |
| Cash at bank and in hand | 54/58 | €131,914 | €101,300 | -€30,615 | -23.2% |
| Deferred charges and accrued income | 490/1 | €28,895 | €83,466 | +€54,571 | +189% |
| Total equity and liabilities | 10/49 | €1,431,281 | €1,333,510 | -€97,771 | -6.8% |
| Equity | 10/15 | €575,011 | €758,882 | +€183,871 | +32.0% |
| Contributions | 10/11 | €18,642 | €18,642 | = | 0.0% |
| Reserves | 13 | €523,802 | €698,802 | +€175,000 | +33.4% |
| Tax-exempt reserves | 132 | €188,802 | €188,802 | = | 0.0% |
| Distributable reserves | 133 | €335,000 | €510,000 | +€175,000 | +52.2% |
| Profit (loss) carried forward | 14 | €32,568 | €41,438 | +€8,871 | +27.2% |
| Amounts payable | 17/49 | €856,269 | €574,627 | -€281,642 | -32.9% |
| Amounts payable after more than one year | 17 | €116,626 | - | -€116,626 | |
| Financial debts | 170/4 | €116,626 | - | -€116,626 | |
| Amounts payable within one year | 42/48 | €738,287 | €572,873 | -€165,414 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €160,868 | €116,626 | -€44,242 | -27.5% |
| Financial debts | 43 | €80,753 | €30,453 | -€50,300 | -62.3% |
| Credit institutions | 430/8 | €70,242 | €19,942 | -€50,300 | -71.6% |
| Other loans | 439 | €10,511 | €10,511 | = | 0.0% |
| Trade debts | 44 | €257,312 | €296,018 | +€38,706 | +15.0% |
| Suppliers | 440/4 | €257,312 | €296,018 | +€38,706 | +15.0% |
| Advances received on contracts in progress | 46 | €784 | €380 | -€404 | -51.5% |
| Taxes, remuneration and social security | 45 | €153,552 | €77,205 | -€76,347 | -49.7% |
| Taxes | 450/3 | €12,944 | €3,687 | -€9,257 | -71.5% |
| Remuneration and social security | 454/9 | €140,608 | €73,518 | -€67,090 | -47.7% |
| Other amounts payable | 47/48 | €85,019 | €52,191 | -€32,828 | -38.6% |
| Accrued charges and deferred income | 492/3 | €1,356 | €1,755 | +€398 | +29.4% |
| Remuneration, social security and pensions | 62 | €1,118,288 | €1,104,202 | -€14,086 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,236 | €282,736 | -€33,500 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,228 | €791 | -€437 | -35.6% |
| Other operating charges | 640/8 | €17,268 | €20,466 | +€3,198 | +18.5% |
| Gross operating margin | 9900 | €1,549,049 | €1,661,886 | +€112,837 | +7.3% |
| Operating profit (loss) | 9901 | €96,028 | €253,690 | +€157,662 | +164% |
| Financial income | 75/76B | €5,610 | €6,246 | +€636 | +11.3% |
| Recurring financial income | 75 | €5,610 | €6,246 | +€636 | +11.3% |
| Financial charges | 65/66B | €25,532 | €17,286 | -€8,247 | -32.3% |
| Recurring financial charges | 65 | €25,532 | €17,286 | -€8,247 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €76,106 | €242,651 | +€166,545 | +219% |
| Income taxes | 67/77 | €18,746 | €58,780 | +€40,034 | +214% |
| Profit (loss) for the period | 9904 | €57,360 | €183,871 | +€126,510 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €57,360 | €183,871 | +€126,510 | +221% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.