Group DB: 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.
Group DB
Largest movements
- Tangible fixed assets -€10,749
down €10,749 (-3.2%), from €331,627 to €320,879
of which Land and buildings: -€9,627
- Debts after one year -€37,616
down €37,616 (-12.3%), from €307,028 to €269,412
- Reserves +€28,045
up €28,045 (+310.8%), from €9,024 to €37,070
- Gross operating margin +€19,585
up €19,585 (+71.9%), from €27,224 to €46,809
- Other operating charges -€715
down €715 (-23.1%), from €3,096 to €2,382
- Financial charges +€547
up €547 (+10.8%), from €5,086 to €5,633
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 | €340,074 | €328,376 | -€11,698 | -3.4% |
| Fixed assets | 21/28 | €331,627 | €320,879 | -€10,749 | -3.2% |
| Tangible fixed assets | 22/27 | €331,627 | €320,879 | -€10,749 | -3.2% |
| Land and buildings | 22 | €327,688 | €318,061 | -€9,627 | -2.9% |
| Plant, machinery and equipment | 23 | €3,939 | €2,818 | -€1,121 | -28.5% |
| Current assets | 29/58 | €8,447 | €7,498 | -€949 | -11.2% |
| Amounts receivable within one year | 40/41 | - | €300 | +€300 | |
| Trade receivables | 40 | - | €272 | +€272 | |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €8,447 | €7,198 | -€1,249 | -14.8% |
| Total equity and liabilities | 10/49 | €340,074 | €328,376 | -€11,698 | -3.4% |
| Equity | 10/15 | €10,524 | €38,570 | +€28,045 | +266.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €9,024 | €37,070 | +€28,045 | +310.8% |
| Distributable reserves | 133 | €9,024 | €37,070 | +€28,045 | +310.8% |
| Amounts payable | 17/49 | €329,550 | €289,806 | -€39,743 | -12.1% |
| Amounts payable after more than one year | 17 | €307,028 | €269,412 | -€37,616 | -12.3% |
| Financial debts | 170/4 | €307,028 | €269,412 | -€37,616 | -12.3% |
| Amounts payable within one year | 42/48 | €22,522 | €18,935 | -€3,587 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €13,603 | €12,826 | -€777 | -5.7% |
| Trade debts | 44 | €2,406 | €952 | -€1,454 | -60.4% |
| Suppliers | 440/4 | €2,406 | €952 | -€1,454 | -60.4% |
| Advances received on contracts in progress | 46 | €2,513 | €100 | -€2,413 | -96.0% |
| Taxes, remuneration and social security | 45 | - | €1,057 | +€1,057 | |
| Taxes | 450/3 | - | €1,057 | +€1,057 | |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,460 | +€1,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,679 | €10,749 | +€70 | +0.7% |
| Other operating charges | 640/8 | €3,096 | €2,382 | -€715 | -23.1% |
| Gross operating margin | 9900 | €27,224 | €46,809 | +€19,585 | +71.9% |
| Operating profit (loss) | 9901 | €13,449 | €33,679 | +€20,230 | +150.4% |
| Financial charges | 65/66B | €5,086 | €5,633 | +€547 | +10.8% |
| Recurring financial charges | 65 | €5,086 | €5,633 | +€547 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €8,363 | €28,045 | +€19,682 | +235.4% |
| Profit (loss) for the period | 9904 | €8,363 | €28,045 | +€19,682 | +235.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,363 | €28,045 | +€19,682 | +235.4% |
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 7 October 2026 via checked.be.