DeBaar: 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.
DeBaar
Largest movements
- Cash +€24,432
up €24,432 (+113.9%), from €21,452 to €45,884
mainly Net result for the year (+€55,717) and Current portion of long-term debt (+€13,332)
- Receivables within one year +€23,776
up €23,776 (+149.3%), from €15,925 to €39,701
of which Trade receivables: +€23,772
- Tangible fixed assets +€4,724
up €4,724 (+8.6%), from €54,853 to €59,577
of which Plant, machinery and equipment: +€3,507
- Stocks and contracts +€3,996
up €3,996 (+125.7%), from €3,178 to €7,174
- Reserves +€55,717
up €55,717 (+170.6%), from €32,654 to €88,371
- Debts after one year -€26,399
down €26,399 (-66.0%), from €40,000 to €13,601
- Current portion of long-term debt +€13,332
new in 2025: €13,332
- Tax, wage and social debts +€8,477
up €8,477 (+110.9%), from €7,646 to €16,123
- Trade debts +€4,921
up €4,921 (+1041.4%), from €473 to €5,394
- Gross operating margin +€39,914
up €39,914 (+88.7%), from €44,979 to €84,893
- Taxes +€13,210
up €13,210 (+155.2%), from €8,513 to €21,722
- Depreciation +€3,803
up €3,803 (+128.7%), from €2,954 to €6,757
- Financial income +€1,023
up €1,023 (+11342.9%), from €9 to €1,032
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 | €96,973 | €155,021 | +€58,048 | +59.9% |
| Formation expenses | 20 | €10 | €0 | -€10 | -100.0% |
| Fixed assets | 21/28 | €54,853 | €59,577 | +€4,724 | +8.6% |
| Tangible fixed assets | 22/27 | €54,853 | €59,577 | +€4,724 | +8.6% |
| Plant, machinery and equipment | 23 | €2,308 | €5,815 | +€3,507 | +151.9% |
| Other tangible fixed assets | 26 | €52,545 | €53,762 | +€1,217 | +2.3% |
| Current assets | 29/58 | €42,110 | €95,444 | +€53,334 | +126.7% |
| Stocks and contracts in progress | 3 | €3,178 | €7,174 | +€3,996 | +125.7% |
| Stocks | 30/36 | €3,178 | €7,174 | +€3,996 | +125.7% |
| Amounts receivable within one year | 40/41 | €15,925 | €39,701 | +€23,776 | +149.3% |
| Trade receivables | 40 | €11,435 | €35,206 | +€23,772 | +207.9% |
| Other amounts receivable | 41 | €4,490 | €4,495 | +€5 | +0.1% |
| Cash at bank and in hand | 54/58 | €21,452 | €45,884 | +€24,432 | +113.9% |
| Deferred charges and accrued income | 490/1 | €1,555 | €2,686 | +€1,130 | +72.7% |
| Total equity and liabilities | 10/49 | €96,973 | €155,021 | +€58,048 | +59.9% |
| Equity | 10/15 | €35,154 | €90,871 | +€55,717 | +158.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €32,654 | €88,371 | +€55,717 | +170.6% |
| Distributable reserves | 133 | €32,654 | €88,371 | +€55,717 | +170.6% |
| Amounts payable | 17/49 | €61,820 | €64,150 | +€2,330 | +3.8% |
| Amounts payable after more than one year | 17 | €40,000 | €13,601 | -€26,399 | -66.0% |
| Other amounts payable | 178/9 | €40,000 | €13,601 | -€26,399 | -66.0% |
| Amounts payable within one year | 42/48 | €21,820 | €50,549 | +€28,730 | +131.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,332 | +€13,332 | |
| Financial debts | 43 | €13,000 | €15,000 | +€2,000 | +15.4% |
| Credit institutions | 430/8 | €13,000 | - | -€13,000 | |
| Other loans | 439 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €473 | €5,394 | +€4,921 | +1041.4% |
| Suppliers | 440/4 | €473 | €5,394 | +€4,921 | +1041.4% |
| Taxes, remuneration and social security | 45 | €7,646 | €16,123 | +€8,477 | +110.9% |
| Taxes | 450/3 | €7,646 | €16,123 | +€8,477 | +110.9% |
| Other amounts payable | 47/48 | €701 | €701 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,954 | €6,757 | +€3,803 | +128.7% |
| Other operating charges | 640/8 | €751 | €816 | +€65 | +8.7% |
| Gross operating margin | 9900 | €44,979 | €84,893 | +€39,914 | +88.7% |
| Operating profit (loss) | 9901 | €41,274 | €77,320 | +€36,046 | +87.3% |
| Financial income | 75/76B | €9 | €1,032 | +€1,023 | +11342.9% |
| Recurring financial income | 75 | €9 | €1,032 | +€1,023 | +11342.9% |
| Financial charges | 65/66B | €117 | €912 | +€796 | +682.5% |
| Recurring financial charges | 65 | €117 | €912 | +€796 | +682.5% |
| Profit (loss) for the period before taxes | 9903 | €41,166 | €77,440 | +€36,273 | +88.1% |
| Income taxes | 67/77 | €8,513 | €21,722 | +€13,210 | +155.2% |
| Profit (loss) for the period | 9904 | €32,654 | €55,717 | +€23,064 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,654 | €55,717 | +€23,064 | +70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.