DBUILD: 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.
DBUILD
Largest movements
- Cash +€126,390
up €126,390 (+79.5%), from €159,036 to €285,426
mainly Net result for the year (+€151,700) and Other debts (+€7,943)
- Tangible fixed assets -€5,925
down €5,925 (-24.7%), from €23,943 to €18,018
- Reserves +€149,645
up €149,645 (+72.2%), from €207,198 to €356,843
- Debts after one year -€27,267
no longer reported in 2025 (was €27,267)
- Other debts +€7,943
up €7,943 (+10.1%), from €78,997 to €86,940
- Tax, wage and social debts -€5,930
down €5,930 (-28.8%), from €20,601 to €14,671
of which Remuneration and social security: -€3,214
- Gross operating margin +€87,315
up €87,315 (+66.7%), from €130,944 to €218,259
- Taxes +€16,060
up €16,060 (+50.5%), from €31,773 to €47,833
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 | €388,164 | €508,380 | +€120,216 | +31.0% |
| Fixed assets | 21/28 | €23,943 | €18,018 | -€5,925 | -24.7% |
| Tangible fixed assets | 22/27 | €23,943 | €18,018 | -€5,925 | -24.7% |
| Plant, machinery and equipment | 23 | €1,295 | - | -€1,295 | |
| Furniture and vehicles | 24 | €11,438 | €8,685 | -€2,753 | -24.1% |
| Other tangible fixed assets | 26 | €11,210 | €9,333 | -€1,877 | -16.7% |
| Current assets | 29/58 | €364,221 | €490,362 | +€126,141 | +34.6% |
| Amounts receivable within one year | 40/41 | €2,832 | €2,477 | -€355 | -12.5% |
| Trade receivables | 40 | €171 | €172 | +€1 | +0.6% |
| Other amounts receivable | 41 | €2,661 | €2,305 | -€356 | -13.4% |
| Current investments | 50/53 | €200,764 | €200,764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €159,036 | €285,426 | +€126,390 | +79.5% |
| Deferred charges and accrued income | 490/1 | €1,589 | €1,695 | +€106 | +6.7% |
| Total equity and liabilities | 10/49 | €388,164 | €508,380 | +€120,216 | +31.0% |
| Equity | 10/15 | €225,798 | €375,443 | +€149,645 | +66.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,198 | €356,843 | +€149,645 | +72.2% |
| Distributable reserves | 133 | €207,198 | €356,843 | +€149,645 | +72.2% |
| Amounts payable | 17/49 | €162,366 | €132,937 | -€29,429 | -18.1% |
| Amounts payable after more than one year | 17 | €27,267 | - | -€27,267 | |
| Financial debts | 170/4 | €27,267 | - | -€27,267 | |
| Amounts payable within one year | 42/48 | €133,099 | €130,937 | -€2,162 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €29,414 | €27,267 | -€2,147 | -7.3% |
| Trade debts | 44 | €4,087 | €2,059 | -€2,028 | -49.6% |
| Suppliers | 440/4 | €4,087 | €2,059 | -€2,028 | -49.6% |
| Taxes, remuneration and social security | 45 | €20,601 | €14,671 | -€5,930 | -28.8% |
| Taxes | 450/3 | €17,387 | €14,671 | -€2,716 | -15.6% |
| Remuneration and social security | 454/9 | €3,214 | - | -€3,214 | |
| Other amounts payable | 47/48 | €78,997 | €86,940 | +€7,943 | +10.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,637 | €6,661 | +€1,024 | +18.2% |
| Other operating charges | 640/8 | €4,217 | €4,744 | +€527 | +12.5% |
| Gross operating margin | 9900 | €130,944 | €218,259 | +€87,315 | +66.7% |
| Operating profit (loss) | 9901 | €121,090 | €206,854 | +€85,764 | +70.8% |
| Financial charges | 65/66B | €5,702 | €7,321 | +€1,619 | +28.4% |
| Recurring financial charges | 65 | €5,702 | €7,321 | +€1,619 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €115,388 | €199,533 | +€84,145 | +72.9% |
| Income taxes | 67/77 | €31,773 | €47,833 | +€16,060 | +50.5% |
| Profit (loss) for the period | 9904 | €83,615 | €151,700 | +€68,085 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,615 | €151,700 | +€68,085 | +81.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.