DEB CONSULT: 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.
DEB CONSULT
Largest movements
- Financial fixed assets +€295,504
new in 2025: €295,504
- Cash -€25,730
down €25,730 (-51.9%), from €49,597 to €23,866
mainly Investment in fixed assets (net) (-€301,510) and Contributions, distributions and other (-€47,394)
- Receivables within one year -€24,638
down €24,638 (-24.6%), from €100,247 to €75,609
of which Trade receivables: -€25,207
- Debts after one year +€193,665
new in 2025: €193,665
- Other debts +€43,533
up €43,533 (+45.4%), from €95,955 to €139,488
- Current portion of long-term debt +€35,041
new in 2025: €35,041
- Reserves -€22,000
down €22,000 (-78.6%), from €28,000 to €6,000
- Gross operating margin +€28,784
up €28,784 (+147.7%), from €19,485 to €48,270
- Financial charges +€6,812
up €6,812 (+223.3%), from €3,050 to €9,862
- Taxes +€5,466
up €5,466 (+129.5%), from €4,221 to €9,686
- Depreciation +€1,775
up €1,775 (+131.2%), from €1,353 to €3,128
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 | €150,586 | €401,099 | +€250,513 | +166.4% |
| Fixed assets | 21/28 | €742 | €299,124 | +€298,382 | +40197.4% |
| Tangible fixed assets | 22/27 | €742 | €3,620 | +€2,878 | +387.7% |
| Plant, machinery and equipment | 23 | €742 | €0 | -€742 | -100.0% |
| Furniture and vehicles | 24 | - | €3,620 | +€3,620 | |
| Financial fixed assets | 28 | - | €295,504 | +€295,504 | |
| Current assets | 29/58 | €149,844 | €101,975 | -€47,869 | -31.9% |
| Amounts receivable within one year | 40/41 | €100,247 | €75,609 | -€24,638 | -24.6% |
| Trade receivables | 40 | €58,347 | €33,140 | -€25,207 | -43.2% |
| Other amounts receivable | 41 | €41,900 | €42,469 | +€569 | +1.4% |
| Cash at bank and in hand | 54/58 | €49,597 | €23,866 | -€25,730 | -51.9% |
| Deferred charges and accrued income | 490/1 | €1 | €2,500 | +€2,500 | +499900.0% |
| Total equity and liabilities | 10/49 | €150,586 | €401,099 | +€250,513 | +166.4% |
| Equity | 10/15 | €46,994 | €24,721 | -€22,273 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,000 | €6,000 | -€22,000 | -78.6% |
| Distributable reserves | 133 | €28,000 | €6,000 | -€22,000 | -78.6% |
| Profit (loss) carried forward | 14 | €394 | €121 | -€273 | -69.3% |
| Amounts payable | 17/49 | €103,592 | €376,378 | +€272,786 | +263.3% |
| Amounts payable after more than one year | 17 | - | €193,665 | +€193,665 | |
| Financial debts | 170/4 | - | €193,665 | +€193,665 | |
| Amounts payable within one year | 42/48 | €103,592 | €182,713 | +€79,121 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | - | €35,041 | +€35,041 | |
| Trade debts | 44 | €6,322 | €6,655 | +€333 | +5.3% |
| Suppliers | 440/4 | €6,322 | €6,655 | +€333 | +5.3% |
| Taxes, remuneration and social security | 45 | €1,315 | €1,529 | +€213 | +16.2% |
| Taxes | 450/3 | €1,315 | €1,529 | +€213 | +16.2% |
| Other amounts payable | 47/48 | €95,955 | €139,488 | +€43,533 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,353 | €3,128 | +€1,775 | +131.2% |
| Other operating charges | 640/8 | €514 | €590 | +€76 | +14.9% |
| Gross operating margin | 9900 | €19,485 | €48,270 | +€28,784 | +147.7% |
| Operating profit (loss) | 9901 | €17,619 | €44,551 | +€26,932 | +152.9% |
| Financial income | 75/76B | €46 | €118 | +€72 | +156.6% |
| Recurring financial income | 75 | €46 | €118 | +€72 | +156.6% |
| Financial charges | 65/66B | €3,050 | €9,862 | +€6,812 | +223.3% |
| Recurring financial charges | 65 | €3,050 | €9,862 | +€6,812 | +223.3% |
| Profit (loss) for the period before taxes | 9903 | €14,615 | €34,807 | +€20,193 | +138.2% |
| Income taxes | 67/77 | €4,221 | €9,686 | +€5,466 | +129.5% |
| Profit (loss) for the period | 9904 | €10,394 | €25,121 | +€14,727 | +141.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,394 | €25,121 | +€14,727 | +141.7% |
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 3 October 2026 via checked.be.