DEBAERE & VERSTRAETE: what changed
What changed
DEBAERE & VERSTRAETE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€287,376
2024 · €631,166-€343,790
Equity
€253,540
2024 · €1.2m-€992,624
Cash
€912,297
2024 · €860,445+€51,853
Balance sheet total
€1.5m
2024 · €1.5m-€35,058
Largest movements
Assets
- Receivables within one year -€129,174
down €129,174 (-22.9%), from €564,536 to €435,362
of which Trade receivables: -€77,912
- Current investments +€54,494
new in 2025: €54,494
- Cash +€51,853
up €51,853 (+6.0%), from €860,445 to €912,297
mainly Other debts (+€997,414) and Net result for the year (+€287,376)
Equity and liabilities
- Other debts +€997,414
up €997,414 (+776%), from €128,502 to €1.1m
- Reserves -€992,624
down €992,624 (-80.9%), from €1.2m to €234,940
of which Distributable reserves: -€782,124
- Accrued charges and deferred income +€80,690
up €80,690 (+11,614%), from €695 to €81,385
- Tax, wage and social debts -€71,377
down €71,377 (-75.8%), from €94,106 to €22,729
of which Taxes: -€63,836
- Debts after one year -€48,000
down €48,000 (-100%), from €48,000 to €0
Income statement
- Gross operating margin -€414,774
down €414,774 (-41.9%), from €989,348 to €574,574
- Taxes -€74,429
down €74,429 (-42.6%), from €174,829 to €100,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€631,166
Gross operating margin
-€414,774
Staff costs
-€664
Depreciation
-€279
Other operating charges
+€313
Financial income
-€3,762
Financial charges
+€947
Taxes
+€74,429
Result 2025
€287,376
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€57,951
Financing
-€1.3m
Cash 2024
€860,445
From operations (derived)
+€1.5m
Net result for the year
+€287,376
Depreciation
+€13,116
Receivables within one year
+€129,174
Deferred charges and accrued income
+€2,572
Trade debts
+€15,814
Tax, wage and social debts
-€71,377
Other debts
+€997,414
Accrued charges and deferred income
+€80,690
Investment (derived)
-€57,951
Investment in fixed assets (net)
-€3,457
Current investments
-€54,494
Financing
-€1.3m
Debts after one year
-€48,000
Short-term financial debts
-€16,975
Contributions, distributions and other
-€1.3m
Cash 2025
€912,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,535,545 | €1,500,487 | -€35,058 | -2.3% |
| Fixed assets | 21/28 | €34,518 | €24,859 | -€9,659 | -28.0% |
| Tangible fixed assets | 22/27 | €31,668 | €22,009 | -€9,659 | -30.5% |
| Plant, machinery and equipment | 23 | €24,783 | €15,115 | -€9,668 | -39.0% |
| Furniture and vehicles | 24 | €183 | €1,213 | +€1,031 | +565% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €6,702 | €5,680 | -€1,022 | -15.2% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €1,501,027 | €1,475,628 | -€25,399 | -1.7% |
| Amounts receivable after more than one year | 29 | €73,475 | €73,475 | = | 0.0% |
| Other amounts receivable | 291 | €73,475 | €73,475 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €564,536 | €435,362 | -€129,174 | -22.9% |
| Trade receivables | 40 | €334,806 | €256,894 | -€77,912 | -23.3% |
| Other amounts receivable | 41 | €229,730 | €178,468 | -€51,262 | -22.3% |
| Current investments | 50/53 | - | €54,494 | +€54,494 | |
| Cash at bank and in hand | 54/58 | €860,445 | €912,297 | +€51,853 | +6.0% |
| Deferred charges and accrued income | 490/1 | €2,572 | €0 | -€2,572 | -100% |
| Total equity and liabilities | 10/49 | €1,535,545 | €1,500,487 | -€35,058 | -2.3% |
| Equity | 10/15 | €1,246,164 | €253,540 | -€992,624 | -79.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,227,564 | €234,940 | -€992,624 | -80.9% |
| Tax-exempt reserves | 132 | €210,500 | €0 | -€210,500 | -100% |
| Distributable reserves | 133 | €1,017,064 | €234,940 | -€782,124 | -76.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €289,381 | €1,246,947 | +€957,566 | +331% |
| Amounts payable after more than one year | 17 | €48,000 | €0 | -€48,000 | -100% |
| Financial debts | 170/4 | €48,000 | €0 | -€48,000 | -100% |
| Amounts payable within one year | 42/48 | €240,686 | €1,165,562 | +€924,876 | +384% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €16,975 | €0 | -€16,975 | -100% |
| Credit institutions | 430/8 | €16,975 | €0 | -€16,975 | -100% |
| Trade debts | 44 | €1,103 | €16,917 | +€15,814 | +1,434% |
| Suppliers | 440/4 | €1,103 | €16,917 | +€15,814 | +1,434% |
| Taxes, remuneration and social security | 45 | €94,106 | €22,729 | -€71,377 | -75.8% |
| Taxes | 450/3 | €70,982 | €7,147 | -€63,836 | -89.9% |
| Remuneration and social security | 454/9 | €23,123 | €15,582 | -€7,541 | -32.6% |
| Other amounts payable | 47/48 | €128,502 | €1,125,916 | +€997,414 | +776% |
| Accrued charges and deferred income | 492/3 | €695 | €81,385 | +€80,690 | +11,614% |
| Non-recurring operating income | 76A | €11,478 | €0 | -€11,478 | -100% |
| Remuneration, social security and pensions | 62 | €188,312 | €188,977 | +€664 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,837 | €13,116 | +€279 | +2.2% |
| Other operating charges | 640/8 | €2,658 | €2,345 | -€313 | -11.8% |
| Gross operating margin | 9900 | €989,348 | €574,574 | -€414,774 | -41.9% |
| Operating profit (loss) | 9901 | €785,541 | €370,136 | -€415,404 | -52.9% |
| Financial income | 75/76B | €22,289 | €18,527 | -€3,762 | -16.9% |
| Recurring financial income | 75 | €22,289 | €18,527 | -€3,762 | -16.9% |
| Financial charges | 65/66B | €1,836 | €888 | -€947 | -51.6% |
| Recurring financial charges | 65 | €1,836 | €888 | -€947 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €805,995 | €387,775 | -€418,219 | -51.9% |
| Income taxes | 67/77 | €174,829 | €100,400 | -€74,429 | -42.6% |
| Profit (loss) for the period | 9904 | €631,166 | €287,376 | -€343,790 | -54.5% |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €631,166 | €497,876 | -€133,290 | -21.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.