DBW: 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.
DBW
Largest movements
- Receivables within one year -€69,502
down €69,502 (-26.0%), from €267,190 to €197,688
of which Other amounts receivable: -€72,955
- Current investments -€19,883
down €19,883 (-53.1%), from €37,469 to €17,587
- Receivables after one year -€17,000
down €17,000 (-26.2%), from €65,000 to €48,000
- Cash +€6,701
up €6,701 (+98.8%), from €6,784 to €13,484
mainly Receivables within one year (+€69,502) and Net result for the year (+€22,682)
- Profit (loss) carried forward -€95,000
down €95,000 (-99.4%), from €95,552 to €552
- Other debts -€25,000
down €25,000 (-62.5%), from €40,000 to €15,000
- Reserves +€22,682
up €22,682 (+10.6%), from €212,992 to €235,674
of which Distributable reserves: +€22,682
- Trade debts -€7,105
down €7,105 (-68.1%), from €10,433 to €3,328
- Gross operating margin +€11,055
up €11,055 (+2543.3%), from €435 to €11,490
- Financial income +€5,154
up €5,154 (+26.6%), from €19,344 to €24,498
- Taxes +€4,779
up €4,779 (+74.0%), from €6,463 to €11,242
- Other operating charges +€3,254
up €3,254 (+619.9%), from €525 to €3,779
- Write-downs -€3,000
new in 2025: -€3,000
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 | €381,061 | €278,279 | -€102,782 | -27.0% |
| Fixed assets | 21/28 | €890 | €1,246 | +€356 | +40.0% |
| Tangible fixed assets | 22/27 | €890 | €1,246 | +€356 | +40.0% |
| Plant, machinery and equipment | 23 | €689 | €1,246 | +€558 | +80.9% |
| Other tangible fixed assets | 26 | €202 | - | -€202 | |
| Current assets | 29/58 | €380,171 | €277,033 | -€103,138 | -27.1% |
| Amounts receivable after more than one year | 29 | €65,000 | €48,000 | -€17,000 | -26.2% |
| Other amounts receivable | 291 | €65,000 | €48,000 | -€17,000 | -26.2% |
| Amounts receivable within one year | 40/41 | €267,190 | €197,688 | -€69,502 | -26.0% |
| Trade receivables | 40 | €1,174 | €4,626 | +€3,452 | +294.1% |
| Other amounts receivable | 41 | €266,016 | €193,062 | -€72,955 | -27.4% |
| Current investments | 50/53 | €37,469 | €17,587 | -€19,883 | -53.1% |
| Cash at bank and in hand | 54/58 | €6,784 | €13,484 | +€6,701 | +98.8% |
| Deferred charges and accrued income | 490/1 | €3,728 | €274 | -€3,454 | -92.6% |
| Total equity and liabilities | 10/49 | €381,061 | €278,279 | -€102,782 | -27.0% |
| Equity | 10/15 | €327,368 | €255,051 | -€72,318 | -22.1% |
| Contributions | 10/11 | €18,825 | €18,825 | = | 0.0% |
| Reserves | 13 | €212,992 | €235,674 | +€22,682 | +10.6% |
| Non-distributable reserves | 130/1 | €2,332 | €2,332 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,332 | €2,332 | = | 0.0% |
| Distributable reserves | 133 | €210,659 | €233,342 | +€22,682 | +10.8% |
| Profit (loss) carried forward | 14 | €95,552 | €552 | -€95,000 | -99.4% |
| Amounts payable | 17/49 | €53,693 | €23,228 | -€30,464 | -56.7% |
| Amounts payable within one year | 42/48 | €53,693 | €23,228 | -€30,464 | -56.7% |
| Trade debts | 44 | €10,433 | €3,328 | -€7,105 | -68.1% |
| Suppliers | 440/4 | €10,433 | €3,328 | -€7,105 | -68.1% |
| Taxes, remuneration and social security | 45 | €3,260 | €4,900 | +€1,640 | +50.3% |
| Taxes | 450/3 | €3,260 | €4,900 | +€1,640 | +50.3% |
| Other amounts payable | 47/48 | €40,000 | €15,000 | -€25,000 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €956 | +€61 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,000 | -€3,000 | |
| Other operating charges | 640/8 | €525 | €3,779 | +€3,254 | +619.9% |
| Gross operating margin | 9900 | €435 | €11,490 | +€11,055 | +2543.3% |
| Operating profit (loss) | 9901 | -€985 | €9,755 | +€10,740 | |
| Financial income | 75/76B | €19,344 | €24,498 | +€5,154 | +26.6% |
| Recurring financial income | 75 | €19,344 | €24,498 | +€5,154 | +26.6% |
| Financial charges | 65/66B | €738 | €329 | -€409 | -55.4% |
| Recurring financial charges | 65 | €738 | €329 | -€409 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €17,622 | €33,925 | +€16,303 | +92.5% |
| Income taxes | 67/77 | €6,463 | €11,242 | +€4,779 | +74.0% |
| Profit (loss) for the period | 9904 | €11,159 | €22,682 | +€11,523 | +103.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,159 | €22,682 | +€11,523 | +103.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.