Debaets Real Estate: what changed
What changed
Debaets Real Estate
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €655,583+€465,986
Equity
€4.9m
2024 · €22.9m-€18.0m
Cash
€207,268
2024 · €121,771+€85,496
Balance sheet total
€8.5m
2024 · €26.8m-€18.3m
Largest movements
Assets
- Financial fixed assets -€18.7m
down €18.7m (-100.0%), from €18.7m to €150
- Receivables within one year +€336,738
up €336,738 (+229%), from €147,124 to €483,862
of which Trade receivables: +€254,212
Equity and liabilities
- Reserves -€17.9m
down €17.9m (-78.5%), from €22.8m to €4.9m
of which Distributable reserves: -€17.9m
- Debts after one year -€384,143
down €384,143 (-15.1%), from €2.5m to €2.2m
Income statement
- Gross operating margin +€441,820
up €441,820 (+42.4%), from €1.0m to €1.5m
- Taxes +€124,074
up €124,074 (+91.7%), from €135,370 to €259,444
- Financial income +€105,278
up €105,278 (+42.1%), from €250,071 to €355,348
of which Financial income: +€105,278
- Other operating charges -€79,800
down €79,800 (-98.9%), from €80,706 to €906
- Depreciation +€23,330
up €23,330 (+6.3%), from €371,285 to €394,615
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
€655,583
Gross operating margin
+€441,820
Depreciation
-€23,330
Other operating charges
+€79,800
Financial income
+€105,278
Financial charges
-€14,306
Taxes
-€124,074
Deferred taxes and other
+€798
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.2m
Investment
+€18.3m
Financing
-€19.5m
Cash 2024
€121,771
From operations (derived)
+€1.2m
Net result for the year
+€1.1m
Depreciation
+€394,615
Smaller working-capital items
+€11,038
Receivables within one year
-€336,738
Trade debts
-€67,246
Tax, wage and social debts
+€75,644
Investment (derived)
+€18.3m
Investment in fixed assets (net)
+€18.3m
Financing
-€19.5m
Debts after one year
-€384,143
Current portion of long-term debt
+€4,020
Contributions, distributions and other
-€19.1m
Cash 2025
€207,268
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,831,825 | €8,519,963 | -€18.3m | -68.2% |
| Fixed assets | 21/28 | €26,117,076 | €7,372,773 | -€18.7m | -71.8% |
| Tangible fixed assets | 22/27 | €7,389,520 | €7,372,623 | -€16,897 | -0.2% |
| Land and buildings | 22 | €6,629,030 | €6,901,629 | +€272,599 | +4.1% |
| Plant, machinery and equipment | 23 | €67,889 | €45,568 | -€22,322 | -32.9% |
| Furniture and vehicles | 24 | €120,109 | €0 | -€120,109 | -100% |
| Assets under construction and advance payments | 27 | €572,491 | €425,426 | -€147,066 | -25.7% |
| Financial fixed assets | 28 | €18,727,556 | €150 | -€18.7m | -100.0% |
| Current assets | 29/58 | €714,750 | €1,147,190 | +€432,440 | +60.5% |
| Stocks and contracts in progress | 3 | €435,380 | €456,060 | +€20,680 | +4.7% |
| Stocks | 30/36 | €435,380 | €456,060 | +€20,680 | +4.7% |
| Amounts receivable within one year | 40/41 | €147,124 | €483,862 | +€336,738 | +229% |
| Trade receivables | 40 | €137,359 | €391,570 | +€254,212 | +185% |
| Other amounts receivable | 41 | €9,766 | €92,292 | +€82,526 | +845% |
| Cash at bank and in hand | 54/58 | €121,771 | €207,268 | +€85,496 | +70.2% |
| Deferred charges and accrued income | 490/1 | €10,474 | €0 | -€10,474 | -100% |
| Total equity and liabilities | 10/49 | €26,831,825 | €8,519,963 | -€18.3m | -68.2% |
| Equity | 10/15 | €22,874,972 | €4,913,590 | -€18.0m | -78.5% |
| Contributions | 10/11 | €50,000 | €10,086 | -€39,914 | -79.8% |
| Reserves | 13 | €22,824,972 | €4,903,504 | -€17.9m | -78.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,798 | €0 | -€2,798 | -100% |
| Distributable reserves | 133 | €22,822,174 | €4,903,504 | -€17.9m | -78.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €933 | €0 | -€933 | -100% |
| Deferred taxes | 168 | €933 | €0 | -€933 | -100% |
| Amounts payable | 17/49 | €3,955,920 | €3,606,373 | -€349,547 | -8.8% |
| Amounts payable after more than one year | 17 | €2,545,742 | €2,161,599 | -€384,143 | -15.1% |
| Financial debts | 170/4 | €2,545,742 | €2,161,599 | -€384,143 | -15.1% |
| Amounts payable within one year | 42/48 | €1,399,704 | €1,444,773 | +€45,069 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €380,122 | €384,143 | +€4,020 | +1.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €128,853 | €61,608 | -€67,246 | -52.2% |
| Suppliers | 440/4 | €128,853 | €61,608 | -€67,246 | -52.2% |
| Taxes, remuneration and social security | 45 | €114,603 | €190,248 | +€75,644 | +66.0% |
| Taxes | 450/3 | €114,603 | €190,248 | +€75,644 | +66.0% |
| Other amounts payable | 47/48 | €776,125 | €808,776 | +€32,650 | +4.2% |
| Accrued charges and deferred income | 492/3 | €10,474 | €0 | -€10,474 | -100% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371,285 | €394,615 | +€23,330 | +6.3% |
| Other operating charges | 640/8 | €80,706 | €906 | -€79,800 | -98.9% |
| Gross operating margin | 9900 | €1,043,112 | €1,484,931 | +€441,820 | +42.4% |
| Operating profit (loss) | 9901 | €591,120 | €1,089,410 | +€498,290 | +84.3% |
| Financial income | 75/76B | €250,071 | €355,348 | +€105,278 | +42.1% |
| Recurring financial income | 75 | €250,071 | €355,348 | +€105,278 | +42.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €50,372 | €64,678 | +€14,306 | +28.4% |
| Recurring financial charges | 65 | €50,372 | €64,678 | +€14,306 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €790,819 | €1,380,081 | +€589,261 | +74.5% |
| Transfer from deferred taxes | 780 | €134 | €933 | +€798 | +594% |
| Income taxes | 67/77 | €135,370 | €259,444 | +€124,074 | +91.7% |
| Profit (loss) for the period | 9904 | €655,583 | €1,121,570 | +€465,986 | +71.1% |
| Transfer from tax-exempt reserves | 789 | €403 | €2,798 | +€2,395 | +594% |
| Profit (loss) for the period to be appropriated | 9905 | €655,986 | €1,124,368 | +€468,381 | +71.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.