DBX Management: 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.
DBX Management
Largest movements
- Cash +€35,544
up €35,544 (+45.2%), from €78,721 to €114,265
mainly Other debts (+€303,568) and Net result for the year (+€104,775)
- Tangible fixed assets +€15,584
up €15,584 (+2483.5%), from €627 to €16,211
of which Furniture and vehicles: +€15,089
- Receivables within one year -€7,068
down €7,068 (-17.2%), from €41,196 to €34,128
- Other debts +€303,568
up €303,568 (+198.9%), from €152,611 to €456,179
- Reserves -€243,320
down €243,320 (-89.1%), from €273,095 to €29,775
- Debts after one year -€23,648
down €23,648 (-79.9%), from €29,606 to €5,958
- Financial income -€15,748
down €15,748 (-64.9%), from €24,257 to €8,508
- Gross operating margin +€3,796
up €3,796 (+2.9%), from €129,715 to €133,511
- Depreciation +€1,601
up €1,601 (+1085.2%), from €148 to €1,748
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 | €519,506 | €562,625 | +€43,119 | +8.3% |
| Fixed assets | 21/28 | €398,090 | €413,673 | +€15,584 | +3.9% |
| Tangible fixed assets | 22/27 | €627 | €16,211 | +€15,584 | +2483.5% |
| Plant, machinery and equipment | 23 | €627 | €1,122 | +€495 | +78.9% |
| Furniture and vehicles | 24 | - | €15,089 | +€15,089 | |
| Financial fixed assets | 28 | €397,462 | €397,462 | = | 0.0% |
| Current assets | 29/58 | €121,416 | €148,952 | +€27,535 | +22.7% |
| Amounts receivable within one year | 40/41 | €41,196 | €34,128 | -€7,068 | -17.2% |
| Trade receivables | 40 | €41,196 | €34,128 | -€7,068 | -17.2% |
| Cash at bank and in hand | 54/58 | €78,721 | €114,265 | +€35,544 | +45.2% |
| Deferred charges and accrued income | 490/1 | €1,499 | €559 | -€940 | -62.7% |
| Total equity and liabilities | 10/49 | €519,506 | €562,625 | +€43,119 | +8.3% |
| Equity | 10/15 | €291,695 | €48,375 | -€243,320 | -83.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,095 | €29,775 | -€243,320 | -89.1% |
| Distributable reserves | 133 | €273,095 | €29,775 | -€243,320 | -89.1% |
| Amounts payable | 17/49 | €227,811 | €514,250 | +€286,439 | +125.7% |
| Amounts payable after more than one year | 17 | €29,606 | €5,958 | -€23,648 | -79.9% |
| Financial debts | 170/4 | €29,606 | €5,958 | -€23,648 | -79.9% |
| Amounts payable within one year | 42/48 | €198,204 | €508,292 | +€310,088 | +156.4% |
| Current portion of amounts payable after more than one year | 42 | €23,355 | €23,648 | +€293 | +1.3% |
| Trade debts | 44 | €4,978 | €7,742 | +€2,764 | +55.5% |
| Suppliers | 440/4 | €4,978 | €7,742 | +€2,764 | +55.5% |
| Taxes, remuneration and social security | 45 | €17,260 | €20,722 | +€3,462 | +20.1% |
| Taxes | 450/3 | €17,260 | €20,722 | +€3,462 | +20.1% |
| Other amounts payable | 47/48 | €152,611 | €456,179 | +€303,568 | +198.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €1,748 | +€1,601 | +1085.2% |
| Other operating charges | 640/8 | €632 | €653 | +€20 | +3.2% |
| Non-recurring operating charges | 66A | €278 | - | -€278 | |
| Gross operating margin | 9900 | €129,715 | €133,511 | +€3,796 | +2.9% |
| Operating profit (loss) | 9901 | €128,657 | €131,110 | +€2,453 | +1.9% |
| Financial income | 75/76B | €24,257 | €8,508 | -€15,748 | -64.9% |
| Recurring financial income | 75 | €24,257 | €8,508 | -€15,748 | -64.9% |
| Financial charges | 65/66B | €1,805 | €1,371 | -€434 | -24.0% |
| Recurring financial charges | 65 | €1,805 | €1,371 | -€434 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €151,108 | €138,247 | -€12,861 | -8.5% |
| Income taxes | 67/77 | €32,477 | €33,472 | +€995 | +3.1% |
| Profit (loss) for the period | 9904 | €118,631 | €104,775 | -€13,856 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,631 | €104,775 | -€13,856 | -11.7% |
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 4 October 2026 via checked.be.