DEBAERE: 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.
What changed
DEBAERE
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€117,818
2024 · €9,859+€107,959
Equity
€1.4m
2024 · €1.3m+€117,818
Cash
€338,745
2024 · €427,867-€89,122
Balance sheet total
€14.5m
2024 · €15.6m-€1.1m
Largest movements
Assets
- Receivables after one year -€2.4m
down €2.4m (-100%), from €2.4m to €0
- Receivables within one year +€2.1m
up €2.1m (+117%), from €1.8m to €4.0m
of which Other amounts receivable: +€2.2m
- Tangible fixed assets -€536,108
down €536,108 (-6.4%), from €8.4m to €7.8m
of which Land and buildings: -€609,090
Equity and liabilities
- Short-term financial debts -€1.3m
down €1.3m (-80.7%), from €1.6m to €300,000
- Other debts +€324,168
up €324,168 (+7.9%), from €4.1m to €4.4m
- Debts after one year -€278,101
down €278,101 (-3.7%), from €7.6m to €7.3m
Income statement
- Gross operating margin +€192,546
up €192,546 (+15.7%), from €1.2m to €1.4m
- Financial income -€52,085
down €52,085 (-60.2%), from €86,448 to €34,363
- Taxes +€36,733
up €36,733 (+368%), from €9,990 to €46,723
- Depreciation -€24,403
down €24,403 (-3.4%), from €709,375 to €684,972
- Staff costs +€17,650
up €17,650 (+10.4%), from €170,309 to €187,958
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.
Result 2024
€9,859
Gross operating margin
+€192,546
Staff costs
-€17,650
Depreciation
+€24,403
Other operating charges
-€3,609
Financial income
-€52,085
Financial charges
+€1,086
Taxes
-€36,733
Result 2025
€117,818
raises the resultlowers the result
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.
From operations
+€1.6m
Investment
-€148,865
Financing
-€1.5m
Cash 2024
€427,867
From operations (derived)
+€1.6m
Net result for the year
+€117,818
Depreciation
+€684,972
Receivables after one year
+€2.4m
Stocks and contracts
+€147,297
Receivables within one year
-€2.1m
Deferred charges and accrued income
+€82,572
Trade debts
-€50,090
Tax, wage and social debts
+€534
Other debts
+€324,168
Accrued charges and deferred income
-€20,727
Investment (derived)
-€148,865
Investment in fixed assets (net)
-€148,865
Financing
-€1.5m
Debts after one year
-€278,101
Current portion of long-term debt
+€29,110
Short-term financial debts
-€1.3m
Cash 2025
€338,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,629,656 | €14,497,368 | -€1.1m | -7.2% |
| Fixed assets | 21/28 | €8,363,535 | €7,827,427 | -€536,108 | -6.4% |
| Tangible fixed assets | 22/27 | €8,363,535 | €7,827,427 | -€536,108 | -6.4% |
| Land and buildings | 22 | €8,360,257 | €7,751,167 | -€609,090 | -7.3% |
| Furniture and vehicles | 24 | €3,278 | €76,261 | +€72,982 | +2,226% |
| Current assets | 29/58 | €7,266,121 | €6,669,941 | -€596,180 | -8.2% |
| Amounts receivable after more than one year | 29 | €2,410,999 | €0 | -€2.4m | -100% |
| Other amounts receivable | 291 | €2,410,999 | €0 | -€2.4m | -100% |
| Stocks and contracts in progress | 3 | €2,516,316 | €2,369,020 | -€147,297 | -5.9% |
| Stocks | 30/36 | €2,516,316 | €2,369,020 | -€147,297 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,817,560 | €3,951,370 | +€2.1m | +117% |
| Trade receivables | 40 | €189,307 | €102,226 | -€87,081 | -46.0% |
| Other amounts receivable | 41 | €1,628,253 | €3,849,144 | +€2.2m | +136% |
| Cash at bank and in hand | 54/58 | €427,867 | €338,745 | -€89,122 | -20.8% |
| Deferred charges and accrued income | 490/1 | €93,378 | €10,806 | -€82,572 | -88.4% |
| Total equity and liabilities | 10/49 | €15,629,656 | €14,497,368 | -€1.1m | -7.2% |
| Equity | 10/15 | €1,314,223 | €1,432,040 | +€117,818 | +9.0% |
| Contributions | 10/11 | €2,087,385 | €2,087,385 | = | 0.0% |
| Capital | 10 | €2,087,385 | €2,087,385 | = | 0.0% |
| Issued capital | 100 | €2,087,385 | €2,087,385 | = | 0.0% |
| Reserves | 13 | €116,030 | €116,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €111,007 | €111,007 | = | 0.0% |
| Legal reserve | 130 | €111,007 | €111,007 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,023 | €5,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€889,192 | -€771,374 | +€117,818 | +13.2% |
| Amounts payable | 17/49 | €14,315,433 | €13,065,328 | -€1.3m | -8.7% |
| Amounts payable after more than one year | 17 | €7,599,879 | €7,321,778 | -€278,101 | -3.7% |
| Financial debts | 170/4 | €7,599,879 | €7,321,778 | -€278,101 | -3.7% |
| Amounts payable within one year | 42/48 | €6,645,001 | €5,693,724 | -€951,277 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €844,024 | €873,134 | +€29,110 | +3.4% |
| Financial debts | 43 | €1,555,000 | €300,000 | -€1.3m | -80.7% |
| Credit institutions | 430/8 | €1,555,000 | €300,000 | -€1.3m | -80.7% |
| Trade debts | 44 | €128,158 | €78,068 | -€50,090 | -39.1% |
| Suppliers | 440/4 | €128,158 | €78,068 | -€50,090 | -39.1% |
| Taxes, remuneration and social security | 45 | €22,955 | €23,490 | +€534 | +2.3% |
| Taxes | 450/3 | €2,957 | €1,667 | -€1,289 | -43.6% |
| Remuneration and social security | 454/9 | €19,999 | €21,822 | +€1,824 | +9.1% |
| Other amounts payable | 47/48 | €4,094,864 | €4,419,032 | +€324,168 | +7.9% |
| Accrued charges and deferred income | 492/3 | €70,553 | €49,826 | -€20,727 | -29.4% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €170,309 | €187,958 | +€17,650 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €709,375 | €684,972 | -€24,403 | -3.4% |
| Other operating charges | 640/8 | €125,742 | €129,351 | +€3,609 | +2.9% |
| Gross operating margin | 9900 | €1,227,914 | €1,420,459 | +€192,546 | +15.7% |
| Operating profit (loss) | 9901 | €222,488 | €418,178 | +€195,690 | +88.0% |
| Financial income | 75/76B | €86,448 | €34,363 | -€52,085 | -60.2% |
| Recurring financial income | 75 | €86,448 | €34,363 | -€52,085 | -60.2% |
| Financial charges | 65/66B | €289,087 | €288,001 | -€1,086 | -0.4% |
| Recurring financial charges | 65 | €289,087 | €288,001 | -€1,086 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €19,849 | €164,541 | +€144,692 | +729% |
| Income taxes | 67/77 | €9,990 | €46,723 | +€36,733 | +368% |
| Profit (loss) for the period | 9904 | €9,859 | €117,818 | +€107,959 | +1,095% |
| Profit (loss) for the period to be appropriated | 9905 | €9,859 | €117,818 | +€107,959 | +1,095% |
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 27 October 2026 via checked.be.