DEBAFIN: 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.
DEBAFIN
Largest movements
- Current investments +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Intangible fixed assets -€52,800
down €52,800 (-16.9%), from €312,316 to €259,516
- Cash -€21,340
down €21,340 (-76.5%), from €27,894 to €6,554
mainly Contributions, distributions and other (-€170,000) and Current investments (-€100,000)
- Tangible fixed assets -€17,315
down €17,315 (-14.9%), from €115,932 to €98,617
of which Other tangible fixed assets: -€17,954
- Debts after one year -€91,112
down €91,112 (-50.5%), from €180,472 to €89,360
- Reserves +€74,434
up €74,434 (+48.4%), from €153,833 to €228,266
- Trade debts +€24,191
up €24,191 (+1149.0%), from €2,105 to €26,296
- Gross operating margin +€28,085
up €28,085 (+5.7%), from €493,589 to €521,674
- Staff costs +€25,593
up €25,593 (+18.8%), from €136,102 to €161,695
- Financial charges +€5,985
up €5,985 (+42.8%), from €13,975 to €19,960
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 | €723,033 | €737,835 | +€14,802 | +2.0% |
| Fixed assets | 21/28 | €428,248 | €358,132 | -€70,115 | -16.4% |
| Intangible fixed assets | 21 | €312,316 | €259,516 | -€52,800 | -16.9% |
| Tangible fixed assets | 22/27 | €115,932 | €98,617 | -€17,315 | -14.9% |
| Furniture and vehicles | 24 | €8,136 | €8,775 | +€639 | +7.9% |
| Other tangible fixed assets | 26 | €107,796 | €89,841 | -€17,954 | -16.7% |
| Current assets | 29/58 | €294,785 | €379,702 | +€84,917 | +28.8% |
| Amounts receivable within one year | 40/41 | €13,154 | €18,929 | +€5,775 | +43.9% |
| Trade receivables | 40 | €10,269 | €15,790 | +€5,522 | +53.8% |
| Other amounts receivable | 41 | €2,885 | €3,139 | +€254 | +8.8% |
| Current investments | 50/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €27,894 | €6,554 | -€21,340 | -76.5% |
| Deferred charges and accrued income | 490/1 | €3,737 | €4,219 | +€482 | +12.9% |
| Total equity and liabilities | 10/49 | €723,033 | €737,835 | +€14,802 | +2.0% |
| Equity | 10/15 | €203,833 | €278,266 | +€74,434 | +36.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €153,833 | €228,266 | +€74,434 | +48.4% |
| Distributable reserves | 133 | €153,833 | €228,266 | +€74,434 | +48.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €519,200 | €459,569 | -€59,632 | -11.5% |
| Amounts payable after more than one year | 17 | €180,472 | €89,360 | -€91,112 | -50.5% |
| Financial debts | 170/4 | €180,472 | €89,360 | -€91,112 | -50.5% |
| Amounts payable within one year | 42/48 | €333,103 | €362,699 | +€29,596 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €90,441 | €91,112 | +€672 | +0.7% |
| Trade debts | 44 | €2,105 | €26,296 | +€24,191 | +1149.0% |
| Suppliers | 440/4 | €2,105 | €26,296 | +€24,191 | +1149.0% |
| Taxes, remuneration and social security | 45 | €15,671 | €18,780 | +€3,109 | +19.8% |
| Taxes | 450/3 | €707 | €707 | = | 0.0% |
| Remuneration and social security | 454/9 | €14,964 | €18,073 | +€3,109 | +20.8% |
| Other amounts payable | 47/48 | €224,885 | €226,510 | +€1,625 | +0.7% |
| Accrued charges and deferred income | 492/3 | €5,625 | €7,510 | +€1,884 | +33.5% |
| Remuneration, social security and pensions | 62 | €136,102 | €161,695 | +€25,593 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,622 | €73,637 | +€1,015 | +1.4% |
| Other operating charges | 640/8 | €582 | €597 | +€14 | +2.5% |
| Gross operating margin | 9900 | €493,589 | €521,674 | +€28,085 | +5.7% |
| Operating profit (loss) | 9901 | €284,283 | €285,745 | +€1,462 | +0.5% |
| Financial income | 75/76B | €3,025 | €5,007 | +€1,983 | +65.6% |
| Recurring financial income | 75 | €3,025 | €5,007 | +€1,983 | +65.6% |
| Financial charges | 65/66B | €13,975 | €19,960 | +€5,985 | +42.8% |
| Recurring financial charges | 65 | €13,975 | €19,960 | +€5,985 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €273,332 | €270,792 | -€2,540 | -0.9% |
| Income taxes | 67/77 | €26,615 | €26,358 | -€256 | -1.0% |
| Profit (loss) for the period | 9904 | €246,718 | €244,434 | -€2,284 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €246,718 | €244,434 | -€2,284 | -0.9% |
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 11 October 2026 via checked.be.