DEBAERE WORKS: 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.
DEBAERE WORKS
Largest movements
- Current investments +€132,610
up €132,610 (+99.6%), from €133,171 to €265,781
- Cash -€112,244
down €112,244 (-50.5%), from €222,340 to €110,096
mainly Current investments (-€132,610) and Other debts (-€2,464)
- Tangible fixed assets -€10,700
down €10,700 (-22.5%), from €47,514 to €36,814
of which Furniture and vehicles: -€10,332
- Stocks and contracts -€4,773
down €4,773 (-71.4%), from €6,683 to €1,910
- Reserves +€4,416
up €4,416 (+1.1%), from €388,252 to €392,668
- Gross operating margin -€40,457
down €40,457 (-65.8%), from €61,442 to €20,984
- Taxes -€13,264
down €13,264 (-85.2%), from €15,576 to €2,312
- Financial income +€2,321
up €2,321 (+232%), from €1,000 to €3,320
- Financial charges +€2,209
up €2,209 (+157%), from €1,410 to €3,619
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 | €427,836 | €434,748 | +€6,912 | +1.6% |
| Fixed assets | 21/28 | €47,585 | €36,886 | -€10,699 | -22.5% |
| Tangible fixed assets | 22/27 | €47,514 | €36,814 | -€10,700 | -22.5% |
| Land and buildings | 22 | €10,873 | €9,362 | -€1,512 | -13.9% |
| Plant, machinery and equipment | 23 | €1,569 | €2,713 | +€1,144 | +72.9% |
| Furniture and vehicles | 24 | €35,072 | €24,740 | -€10,332 | -29.5% |
| Financial fixed assets | 28 | €71 | €72 | +€1 | +1.1% |
| Current assets | 29/58 | €380,251 | €397,862 | +€17,611 | +4.6% |
| Stocks and contracts in progress | 3 | €6,683 | €1,910 | -€4,773 | -71.4% |
| Stocks | 30/36 | €6,683 | €1,910 | -€4,773 | -71.4% |
| Amounts receivable within one year | 40/41 | €16,730 | €18,583 | +€1,854 | +11.1% |
| Trade receivables | 40 | €7,148 | €7,672 | +€525 | +7.3% |
| Other amounts receivable | 41 | €9,582 | €10,911 | +€1,329 | +13.9% |
| Current investments | 50/53 | €133,171 | €265,781 | +€132,610 | +99.6% |
| Cash at bank and in hand | 54/58 | €222,340 | €110,096 | -€112,244 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,327 | €1,491 | +€165 | +12.4% |
| Total equity and liabilities | 10/49 | €427,836 | €434,748 | +€6,912 | +1.6% |
| Equity | 10/15 | €417,602 | €422,018 | +€4,416 | +1.1% |
| Contributions | 10/11 | €29,350 | €29,350 | = | 0.0% |
| Reserves | 13 | €388,252 | €392,668 | +€4,416 | +1.1% |
| Distributable reserves | 133 | €388,252 | €392,668 | +€4,416 | +1.1% |
| Amounts payable | 17/49 | €10,234 | €12,730 | +€2,496 | +24.4% |
| Amounts payable within one year | 42/48 | €7,408 | €10,019 | +€2,611 | +35.2% |
| Trade debts | 44 | €186 | €516 | +€330 | +177% |
| Suppliers | 440/4 | €186 | €516 | +€330 | +177% |
| Advances received on contracts in progress | 46 | - | €3,833 | +€3,833 | |
| Taxes, remuneration and social security | 45 | €4,581 | €5,493 | +€912 | +19.9% |
| Taxes | 450/3 | €4,581 | €5,493 | +€912 | +19.9% |
| Other amounts payable | 47/48 | €2,641 | €177 | -€2,464 | -93.3% |
| Accrued charges and deferred income | 492/3 | €2,825 | €2,710 | -€115 | -4.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,329 | €12,109 | -€220 | -1.8% |
| Other operating charges | 640/8 | €1,612 | €1,849 | +€237 | +14.7% |
| Gross operating margin | 9900 | €61,442 | €20,984 | -€40,457 | -65.8% |
| Operating profit (loss) | 9901 | €47,501 | €7,026 | -€40,474 | -85.2% |
| Financial income | 75/76B | €1,000 | €3,320 | +€2,321 | +232% |
| Recurring financial income | 75 | €1,000 | €3,320 | +€2,321 | +232% |
| Financial charges | 65/66B | €1,410 | €3,619 | +€2,209 | +157% |
| Recurring financial charges | 65 | €1,410 | €3,619 | +€2,209 | +157% |
| Profit (loss) for the period before taxes | 9903 | €47,090 | €6,728 | -€40,363 | -85.7% |
| Income taxes | 67/77 | €15,576 | €2,312 | -€13,264 | -85.2% |
| Profit (loss) for the period | 9904 | €31,515 | €4,416 | -€27,099 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,515 | €4,416 | -€27,099 | -86.0% |
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 16 October 2026 via checked.be.