DOB: 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.
DOB
Largest movements
- Cash -€19,548
down €19,548 (-40.3%), from €48,498 to €28,950
mainly Contributions, distributions and other (-€49,126) and Investment in fixed assets (net) (-€37,803)
- Tangible fixed assets +€15,291
up €15,291 (+11.4%), from €133,642 to €148,933
of which Leasing and similar rights: +€24,385
- Receivables within one year -€10,348
down €10,348 (-17.8%), from €58,222 to €47,874
of which Other amounts receivable: -€6,410
- Reserves -€25,012
down €25,012 (-44.6%), from €56,092 to €31,080
- Other debts +€24,114
new in 2025: €24,114
- Trade debts -€23,227
down €23,227 (-53.4%), from €43,482 to €20,255
- Current portion of long-term debt +€15,082
up €15,082 (+99.0%), from €15,228 to €30,310
- Advances received -€9,515
down €9,515 (-78.6%), from €12,100 to €2,585
- Staff costs -€25,686
down €25,686 (-11.3%), from €226,386 to €200,700
- Financial charges +€15,653
up €15,653 (+104.9%), from €14,924 to €30,577
- Gross operating margin -€13,673
down €13,673 (-4.4%), from €307,666 to €293,994
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 | €255,579 | €239,225 | -€16,354 | -6.4% |
| Fixed assets | 21/28 | €137,278 | €151,255 | +€13,977 | +10.2% |
| Intangible fixed assets | 21 | €3,636 | €2,322 | -€1,314 | -36.1% |
| Tangible fixed assets | 22/27 | €133,642 | €148,933 | +€15,291 | +11.4% |
| Plant, machinery and equipment | 23 | €38,732 | €33,567 | -€5,165 | -13.3% |
| Furniture and vehicles | 24 | €3,425 | €1,479 | -€1,946 | -56.8% |
| Leasing and similar rights | 25 | - | €24,385 | +€24,385 | |
| Other tangible fixed assets | 26 | €91,485 | €89,501 | -€1,984 | -2.2% |
| Current assets | 29/58 | €118,301 | €87,971 | -€30,331 | -25.6% |
| Stocks and contracts in progress | 3 | €2,185 | €2,794 | +€609 | +27.9% |
| Stocks | 30/36 | €2,185 | €2,794 | +€609 | +27.9% |
| Amounts receivable within one year | 40/41 | €58,222 | €47,874 | -€10,348 | -17.8% |
| Trade receivables | 40 | €19,797 | €15,859 | -€3,939 | -19.9% |
| Other amounts receivable | 41 | €38,425 | €32,015 | -€6,410 | -16.7% |
| Cash at bank and in hand | 54/58 | €48,498 | €28,950 | -€19,548 | -40.3% |
| Deferred charges and accrued income | 490/1 | €9,396 | €8,353 | -€1,043 | -11.1% |
| Total equity and liabilities | 10/49 | €255,579 | €239,225 | -€16,354 | -6.4% |
| Equity | 10/15 | €57,092 | €32,080 | -€25,012 | -43.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €56,092 | €31,080 | -€25,012 | -44.6% |
| Distributable reserves | 133 | €56,092 | €31,080 | -€25,012 | -44.6% |
| Amounts payable | 17/49 | €198,487 | €207,145 | +€8,658 | +4.4% |
| Amounts payable after more than one year | 17 | €74,959 | €80,999 | +€6,040 | +8.1% |
| Financial debts | 170/4 | €74,959 | €80,999 | +€6,040 | +8.1% |
| Amounts payable within one year | 42/48 | €120,878 | €120,637 | -€242 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €15,228 | €30,310 | +€15,082 | +99.0% |
| Trade debts | 44 | €43,482 | €20,255 | -€23,227 | -53.4% |
| Suppliers | 440/4 | €43,482 | €20,255 | -€23,227 | -53.4% |
| Advances received on contracts in progress | 46 | €12,100 | €2,585 | -€9,515 | -78.6% |
| Taxes, remuneration and social security | 45 | €50,068 | €43,373 | -€6,696 | -13.4% |
| Taxes | 450/3 | €22,768 | €23,652 | +€883 | +3.9% |
| Remuneration and social security | 454/9 | €27,300 | €19,721 | -€7,579 | -27.8% |
| Other amounts payable | 47/48 | - | €24,114 | +€24,114 | |
| Accrued charges and deferred income | 492/3 | €2,650 | €5,510 | +€2,860 | +107.9% |
| Remuneration, social security and pensions | 62 | €226,386 | €200,700 | -€25,686 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,958 | €23,826 | -€1,133 | -4.5% |
| Other operating charges | 640/8 | €7,763 | €6,598 | -€1,165 | -15.0% |
| Gross operating margin | 9900 | €307,666 | €293,994 | -€13,673 | -4.4% |
| Operating profit (loss) | 9901 | €48,559 | €62,870 | +€14,311 | +29.5% |
| Financial income | 75/76B | €1,736 | €1,687 | -€49 | -2.8% |
| Recurring financial income | 75 | €1,736 | €1,687 | -€49 | -2.8% |
| Financial charges | 65/66B | €14,924 | €30,577 | +€15,653 | +104.9% |
| Recurring financial charges | 65 | €14,924 | €30,577 | +€15,653 | +104.9% |
| Profit (loss) for the period before taxes | 9903 | €35,371 | €33,980 | -€1,391 | -3.9% |
| Income taxes | 67/77 | €10,359 | €9,866 | -€493 | -4.8% |
| Profit (loss) for the period | 9904 | €25,012 | €24,114 | -€898 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,012 | €24,114 | -€898 | -3.6% |
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 8 October 2026 via checked.be.