DIBELL: 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.
DIBELL
Largest movements
- Tangible fixed assets +€66,142
up €66,142 (+13.9%), from €476,979 to €543,120
of which Land and buildings: +€91,940
- Receivables within one year -€13,219
down €13,219 (-40.2%), from €32,886 to €19,666
of which Other amounts receivable: -€15,903
- Cash +€11,464
up €11,464 (+10.8%), from €105,737 to €117,201
mainly Net result for the year (+€88,639) and Depreciation (+€55,834)
- Reserves +€88,639
up €88,639 (+171%), from €51,930 to €140,569
of which Distributable reserves: +€88,639
- Debts after one year -€28,907
down €28,907 (-17.7%), from €163,576 to €134,669
- Other debts -€15,949
down €15,949 (-6.1%), from €259,947 to €243,998
- Accrued charges and deferred income +€10,142
new in 2025: €10,142
- Tax, wage and social debts +€7,774
up €7,774 (+42.2%), from €18,421 to €26,196
of which Taxes: +€7,932
- Gross operating margin +€41,320
up €41,320 (+12.6%), from €327,982 to €369,302
- Staff costs -€27,245
down €27,245 (-13.5%), from €202,050 to €174,805
- Depreciation +€15,763
up €15,763 (+39.3%), from €40,072 to €55,834
- Taxes +€15,549
up €15,549 (+80.2%), from €19,385 to €34,934
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 | €633,410 | €692,626 | +€59,215 | +9.3% |
| Fixed assets | 21/28 | €476,979 | €543,120 | +€66,142 | +13.9% |
| Tangible fixed assets | 22/27 | €476,979 | €543,120 | +€66,142 | +13.9% |
| Land and buildings | 22 | €347,012 | €438,952 | +€91,940 | +26.5% |
| Plant, machinery and equipment | 23 | €98,151 | €83,786 | -€14,366 | -14.6% |
| Furniture and vehicles | 24 | €31,815 | €20,382 | -€11,433 | -35.9% |
| Current assets | 29/58 | €156,432 | €149,505 | -€6,926 | -4.4% |
| Stocks and contracts in progress | 3 | €15,500 | €9,800 | -€5,700 | -36.8% |
| Stocks | 30/36 | €15,500 | €9,800 | -€5,700 | -36.8% |
| Amounts receivable within one year | 40/41 | €32,886 | €19,666 | -€13,219 | -40.2% |
| Trade receivables | 40 | €4,443 | €7,128 | +€2,684 | +60.4% |
| Other amounts receivable | 41 | €28,442 | €12,539 | -€15,903 | -55.9% |
| Cash at bank and in hand | 54/58 | €105,737 | €117,201 | +€11,464 | +10.8% |
| Deferred charges and accrued income | 490/1 | €2,309 | €2,838 | +€529 | +22.9% |
| Total equity and liabilities | 10/49 | €633,410 | €692,626 | +€59,215 | +9.3% |
| Equity | 10/15 | €146,863 | €235,502 | +€88,639 | +60.4% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €51,930 | €140,569 | +€88,639 | +171% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €49,730 | €138,369 | +€88,639 | +178% |
| Profit (loss) carried forward | 14 | €83,933 | €83,933 | = | 0.0% |
| Amounts payable | 17/49 | €486,547 | €457,123 | -€29,424 | -6.0% |
| Amounts payable after more than one year | 17 | €163,576 | €134,669 | -€28,907 | -17.7% |
| Financial debts | 170/4 | €163,576 | €134,669 | -€28,907 | -17.7% |
| Amounts payable within one year | 42/48 | €322,971 | €312,312 | -€10,659 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €29,339 | €28,907 | -€432 | -1.5% |
| Trade debts | 44 | €15,264 | €13,212 | -€2,052 | -13.4% |
| Suppliers | 440/4 | €15,264 | €13,212 | -€2,052 | -13.4% |
| Taxes, remuneration and social security | 45 | €18,421 | €26,196 | +€7,774 | +42.2% |
| Taxes | 450/3 | €11,087 | €19,019 | +€7,932 | +71.5% |
| Remuneration and social security | 454/9 | €7,334 | €7,177 | -€158 | -2.1% |
| Other amounts payable | 47/48 | €259,947 | €243,998 | -€15,949 | -6.1% |
| Accrued charges and deferred income | 492/3 | - | €10,142 | +€10,142 | |
| Non-recurring operating income | 76A | €12,728 | - | -€12,728 | |
| Remuneration, social security and pensions | 62 | €202,050 | €174,805 | -€27,245 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,072 | €55,834 | +€15,763 | +39.3% |
| Other operating charges | 640/8 | €4,391 | €3,123 | -€1,268 | -28.9% |
| Gross operating margin | 9900 | €327,982 | €369,302 | +€41,320 | +12.6% |
| Operating profit (loss) | 9901 | €81,470 | €135,540 | +€54,070 | +66.4% |
| Financial income | 75/76B | €2 | €3 | +€0 | +17.9% |
| Recurring financial income | 75 | €2 | €3 | +€0 | +17.9% |
| Financial charges | 65/66B | €12,357 | €11,970 | -€388 | -3.1% |
| Recurring financial charges | 65 | €12,357 | €11,970 | -€388 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €69,115 | €123,573 | +€54,458 | +78.8% |
| Income taxes | 67/77 | €19,385 | €34,934 | +€15,549 | +80.2% |
| Profit (loss) for the period | 9904 | €49,730 | €88,639 | +€38,909 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,730 | €88,639 | +€38,909 | +78.2% |
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 14 October 2026 via checked.be.