DB-MANAGEMENT: 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.
DB-MANAGEMENT
Largest movements
- Current investments +€987,118
up €987,118 (+164%), from €600,867 to €1.6m
- Cash -€657,061
down €657,061 (-88.8%), from €740,270 to €83,209
mainly Current investments (-€987,118) and Other debts (-€225,366)
- Receivables within one year -€550,896
down €550,896 (-84.9%), from €649,236 to €98,340
of which Other amounts receivable: -€493,324
- Tangible fixed assets -€100,079
down €100,079 (-16.3%), from €614,685 to €514,605
of which Land and buildings: -€87,594
- Other debts -€225,366
down €225,366 (-100%), from €225,366 to €0
- Tax, wage and social debts -€69,424
down €69,424 (-98.1%), from €70,791 to €1,368
- Debts after one year -€62,982
down €62,982 (-24.1%), from €261,246 to €198,264
- Reserves +€48,741
up €48,741 (+2.5%), from €2.0m to €2.0m
of which Distributable reserves: +€104,420
- Gross operating margin -€489,663
down €489,663 (-73.3%), from €667,664 to €178,001
- Taxes -€136,938
down €136,938 (-85.4%), from €160,429 to €23,491
- Financial income -€23,528
down €23,528 (-49.3%), from €47,758 to €24,231
- Depreciation +€17,110
up €17,110 (+20.2%), from €84,682 to €101,792
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 | €2,606,085 | €2,287,606 | -€318,479 | -12.2% |
| Fixed assets | 21/28 | €614,685 | €514,605 | -€100,079 | -16.3% |
| Tangible fixed assets | 22/27 | €614,685 | €514,605 | -€100,079 | -16.3% |
| Land and buildings | 22 | €592,684 | €505,090 | -€87,594 | -14.8% |
| Plant, machinery and equipment | 23 | €385 | €0 | -€385 | -100% |
| Furniture and vehicles | 24 | €21,615 | €9,515 | -€12,100 | -56.0% |
| Current assets | 29/58 | €1,991,401 | €1,773,001 | -€218,400 | -11.0% |
| Stocks and contracts in progress | 3 | - | €1,400 | +€1,400 | |
| Stocks | 30/36 | - | €1,400 | +€1,400 | |
| Amounts receivable within one year | 40/41 | €649,236 | €98,340 | -€550,896 | -84.9% |
| Trade receivables | 40 | €57,572 | €0 | -€57,572 | -100% |
| Other amounts receivable | 41 | €591,664 | €98,340 | -€493,324 | -83.4% |
| Current investments | 50/53 | €600,867 | €1,587,985 | +€987,118 | +164% |
| Cash at bank and in hand | 54/58 | €740,270 | €83,209 | -€657,061 | -88.8% |
| Deferred charges and accrued income | 490/1 | €1,027 | €2,067 | +€1,040 | +101% |
| Total equity and liabilities | 10/49 | €2,606,085 | €2,287,606 | -€318,479 | -12.2% |
| Equity | 10/15 | €1,973,559 | €2,022,300 | +€48,741 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,953,559 | €2,002,300 | +€48,741 | +2.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €389,243 | €333,564 | -€55,679 | -14.3% |
| Distributable reserves | 133 | €1,562,316 | €1,666,736 | +€104,420 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €632,526 | €265,306 | -€367,220 | -58.1% |
| Amounts payable after more than one year | 17 | €261,246 | €198,264 | -€62,982 | -24.1% |
| Financial debts | 170/4 | €261,246 | €198,264 | -€62,982 | -24.1% |
| Amounts payable within one year | 42/48 | €365,944 | €67,043 | -€298,902 | -81.7% |
| Current portion of amounts payable after more than one year | 42 | €60,580 | €62,982 | +€2,403 | +4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,207 | €2,693 | -€6,515 | -70.8% |
| Suppliers | 440/4 | €9,207 | €2,693 | -€6,515 | -70.8% |
| Taxes, remuneration and social security | 45 | €70,791 | €1,368 | -€69,424 | -98.1% |
| Taxes | 450/3 | €70,791 | €1,368 | -€69,424 | -98.1% |
| Other amounts payable | 47/48 | €225,366 | €0 | -€225,366 | -100% |
| Accrued charges and deferred income | 492/3 | €5,336 | €0 | -€5,336 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,682 | €101,792 | +€17,110 | +20.2% |
| Other operating charges | 640/8 | €15,678 | €15,972 | +€294 | +1.9% |
| Gross operating margin | 9900 | €667,664 | €178,001 | -€489,663 | -73.3% |
| Operating profit (loss) | 9901 | €567,304 | €60,237 | -€507,067 | -89.4% |
| Financial income | 75/76B | €47,758 | €24,231 | -€23,528 | -49.3% |
| Recurring financial income | 75 | €47,758 | €24,231 | -€23,528 | -49.3% |
| Financial charges | 65/66B | €16,072 | €12,235 | -€3,836 | -23.9% |
| Recurring financial charges | 65 | €16,072 | €12,235 | -€3,836 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €598,990 | €72,232 | -€526,759 | -87.9% |
| Income taxes | 67/77 | €160,429 | €23,491 | -€136,938 | -85.4% |
| Profit (loss) for the period | 9904 | €438,561 | €48,741 | -€389,820 | -88.9% |
| Transfer from tax-exempt reserves | 789 | €0 | €55,679 | +€55,679 | |
| Transfer to tax-exempt reserves | 689 | €269,440 | €0 | -€269,440 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €169,121 | €104,420 | -€64,701 | -38.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.