Arnaud Debrulle: 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.
Arnaud Debrulle
Largest movements
- Receivables within one year -€62,093
down €62,093 (-96.8%), from €64,117 to €2,025
of which Other amounts receivable: -€64,117
- Cash +€47,182
up €47,182 (+65.3%), from €72,270 to €119,452
mainly Net result for the year (+€66,238) and Receivables within one year (+€62,093)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Profit (loss) carried forward -€75,964
down €75,964 (-53.4%), from €142,202 to €66,238
- Other debts +€31,160
new in 2025: €31,160
- Tax, wage and social debts -€8,262
down €8,262 (-38.5%), from €21,450 to €13,188
- Trade debts -€2,081
down €2,081 (-74.0%), from €2,810 to €730
- Gross operating margin +€9,419
up €9,419 (+12.2%), from €77,508 to €86,926
- Other operating charges -€4,511
down €4,511 (-83.1%), from €5,426 to €914
- Taxes +€2,558
up €2,558 (+17.0%), from €15,026 to €17,584
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 | €181,463 | €126,315 | -€55,148 | -30.4% |
| Fixed assets | 21/28 | €4,265 | €3,990 | -€274 | -6.4% |
| Tangible fixed assets | 22/27 | €4,265 | €3,990 | -€274 | -6.4% |
| Plant, machinery and equipment | 23 | €2,516 | €3,098 | +€582 | +23.1% |
| Furniture and vehicles | 24 | €1,749 | €893 | -€856 | -49.0% |
| Current assets | 29/58 | €177,198 | €122,325 | -€54,873 | -31.0% |
| Amounts receivable within one year | 40/41 | €64,117 | €2,025 | -€62,093 | -96.8% |
| Trade receivables | 40 | - | €2,025 | +€2,025 | |
| Other amounts receivable | 41 | €64,117 | - | -€64,117 | |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €72,270 | €119,452 | +€47,182 | +65.3% |
| Deferred charges and accrued income | 490/1 | €811 | €848 | +€37 | +4.6% |
| Total equity and liabilities | 10/49 | €181,463 | €126,315 | -€55,148 | -30.4% |
| Equity | 10/15 | €157,202 | €81,238 | -€75,964 | -48.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,202 | €66,238 | -€75,964 | -53.4% |
| Amounts payable | 17/49 | €24,261 | €45,077 | +€20,816 | +85.8% |
| Amounts payable within one year | 42/48 | €24,261 | €45,077 | +€20,816 | +85.8% |
| Trade debts | 44 | €2,810 | €730 | -€2,081 | -74.0% |
| Suppliers | 440/4 | €2,810 | €730 | -€2,081 | -74.0% |
| Taxes, remuneration and social security | 45 | €21,450 | €13,188 | -€8,262 | -38.5% |
| Taxes | 450/3 | €21,450 | €13,188 | -€8,262 | -38.5% |
| Other amounts payable | 47/48 | - | €31,160 | +€31,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,228 | €2,562 | +€334 | +15.0% |
| Other operating charges | 640/8 | €5,426 | €914 | -€4,511 | -83.1% |
| Gross operating margin | 9900 | €77,508 | €86,926 | +€9,419 | +12.2% |
| Operating profit (loss) | 9901 | €69,854 | €83,450 | +€13,596 | +19.5% |
| Financial income | 75/76B | €1,837 | €1,021 | -€816 | -44.4% |
| Recurring financial income | 75 | €1,837 | €1,021 | -€816 | -44.4% |
| Financial charges | 65/66B | €668 | €649 | -€19 | -2.8% |
| Recurring financial charges | 65 | €668 | €649 | -€19 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €71,023 | €83,822 | +€12,798 | +18.0% |
| Income taxes | 67/77 | €15,026 | €17,584 | +€2,558 | +17.0% |
| Profit (loss) for the period | 9904 | €55,998 | €66,238 | +€10,240 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,998 | €66,238 | +€10,240 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.