DLB BELGIUM: 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.
DLB BELGIUM
Largest movements
- Cash -€22,240
down €22,240 (-17.6%), from €126,471 to €104,230
mainly Net result for the year (-€27,871) and Receivables within one year (-€15,605)
- Tangible fixed assets -€21,439
down €21,439 (-4.0%), from €530,382 to €508,943
of which Land and buildings: -€12,378
- Receivables within one year +€15,605
up €15,605 (+183%), from €8,509 to €24,113
of which Trade receivables: +€18,150
- Profit (loss) carried forward -€27,871
down €27,871 (-18.0%), from -€154,650 to -€182,521
- Gross operating margin +€14,414
up €14,414 (+95.5%), from -€15,087 to -€673
- Financial income -€7,500
no longer reported in 2025 (was €7,500)
- Other operating charges +€4,187
new in 2025: €4,187
- Depreciation -€428
down €428 (-1.8%), from €23,314 to €22,886
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 | €915,361 | €887,286 | -€28,075 | -3.1% |
| Fixed assets | 21/28 | €530,382 | €508,943 | -€21,439 | -4.0% |
| Tangible fixed assets | 22/27 | €530,382 | €508,943 | -€21,439 | -4.0% |
| Land and buildings | 22 | €475,412 | €463,034 | -€12,378 | -2.6% |
| Other tangible fixed assets | 26 | €54,970 | €45,909 | -€9,061 | -16.5% |
| Current assets | 29/58 | €384,979 | €378,344 | -€6,636 | -1.7% |
| Amounts receivable within one year | 40/41 | €8,509 | €24,113 | +€15,605 | +183% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €8,509 | €5,963 | -€2,546 | -29.9% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €126,471 | €104,230 | -€22,240 | -17.6% |
| Total equity and liabilities | 10/49 | €915,361 | €887,286 | -€28,075 | -3.1% |
| Equity | 10/15 | -€80,561 | -€108,432 | -€27,871 | -34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,489 | €55,489 | = | 0.0% |
| Distributable reserves | 133 | €55,489 | €55,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,650 | -€182,521 | -€27,871 | -18.0% |
| Amounts payable | 17/49 | €995,922 | €995,718 | -€204 | 0.0% |
| Amounts payable after more than one year | 17 | €975,546 | €975,546 | = | 0.0% |
| Financial debts | 170/4 | €975,546 | €975,546 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,377 | €20,173 | -€204 | -1.0% |
| Trade debts | 44 | €506 | €31 | -€475 | -93.8% |
| Suppliers | 440/4 | €506 | €31 | -€475 | -93.8% |
| Advances received on contracts in progress | 46 | €19,871 | €19,871 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €271 | +€271 | |
| Taxes | 450/3 | - | €271 | +€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,314 | €22,886 | -€428 | -1.8% |
| Other operating charges | 640/8 | - | €4,187 | +€4,187 | |
| Gross operating margin | 9900 | -€15,087 | -€673 | +€14,414 | +95.5% |
| Operating profit (loss) | 9901 | -€38,401 | -€27,746 | +€10,655 | +27.7% |
| Financial income | 75/76B | €7,500 | - | -€7,500 | |
| Recurring financial income | 75 | €7,500 | - | -€7,500 | |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,026 | -€27,871 | +€3,155 | +10.2% |
| Profit (loss) for the period | 9904 | -€31,026 | -€27,871 | +€3,155 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,026 | -€27,871 | +€3,155 | +10.2% |
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 28 October 2026 via checked.be.