DEBAGO: 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.
DEBAGO
Largest movements
- Cash +€843,447
up €843,447 (+19,342%), from €4,361 to €847,808
mainly Receivables within one year (+€740,798) and Net result for the year (+€435,423)
- Receivables within one year -€740,798
down €740,798 (-52.3%), from €1.4m to €674,700
of which Other amounts receivable: -€686,143
- Receivables after one year -€77,427
down €77,427 (-4.3%), from €1.8m to €1.7m
- Tangible fixed assets -€63,908
down €63,908 (-7.3%), from €873,218 to €809,310
of which Land and buildings: -€55,011
- Reserves +€435,420
up €435,420 (+13.3%), from €3.3m to €3.7m
of which Distributable reserves: +€435,420
- Other debts -€425,000
down €425,000 (-77.3%), from €550,000 to €125,000
- Gross operating margin +€63,895
up €63,895 (+80.0%), from €79,873 to €143,768
- Financial income -€50,414
down €50,414 (-10.2%), from €493,539 to €443,125
- Taxes +€10,955
up €10,955 (+16.7%), from €65,680 to €76,635
- Other operating charges -€6,627
down €6,627 (-41.5%), from €15,958 to €9,331
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 | €4,133,361 | €4,094,483 | -€38,878 | -0.9% |
| Fixed assets | 21/28 | €883,120 | €819,212 | -€63,908 | -7.2% |
| Tangible fixed assets | 22/27 | €873,218 | €809,310 | -€63,908 | -7.3% |
| Land and buildings | 22 | €828,266 | €773,255 | -€55,011 | -6.6% |
| Plant, machinery and equipment | 23 | €9,010 | €9,010 | = | 0.0% |
| Furniture and vehicles | 24 | €35,941 | €27,044 | -€8,897 | -24.8% |
| Financial fixed assets | 28 | €9,902 | €9,902 | = | 0.0% |
| Current assets | 29/58 | €3,250,242 | €3,275,271 | +€25,030 | +0.8% |
| Amounts receivable after more than one year | 29 | €1,821,607 | €1,744,180 | -€77,427 | -4.3% |
| Other amounts receivable | 291 | €1,821,607 | €1,744,180 | -€77,427 | -4.3% |
| Amounts receivable within one year | 40/41 | €1,415,498 | €674,700 | -€740,798 | -52.3% |
| Trade receivables | 40 | €84,941 | €30,287 | -€54,654 | -64.3% |
| Other amounts receivable | 41 | €1,330,557 | €644,414 | -€686,143 | -51.6% |
| Cash at bank and in hand | 54/58 | €4,361 | €847,808 | +€843,447 | +19,342% |
| Deferred charges and accrued income | 490/1 | €8,776 | €8,583 | -€193 | -2.2% |
| Total equity and liabilities | 10/49 | €4,133,361 | €4,094,483 | -€38,878 | -0.9% |
| Equity | 10/15 | €3,363,024 | €3,798,447 | +€435,423 | +12.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,262,820 | €3,698,240 | +€435,420 | +13.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,252,820 | €3,688,240 | +€435,420 | +13.4% |
| Profit (loss) carried forward | 14 | €204 | €207 | +€3 | +1.5% |
| Amounts payable | 17/49 | €770,337 | €296,036 | -€474,301 | -61.6% |
| Amounts payable within one year | 42/48 | €770,337 | €296,036 | -€474,301 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €95 | +€95 | |
| Credit institutions | 430/8 | - | €95 | +€95 | |
| Trade debts | 44 | €106,281 | €69,515 | -€36,767 | -34.6% |
| Suppliers | 440/4 | €106,281 | €69,515 | -€36,767 | -34.6% |
| Taxes, remuneration and social security | 45 | €114,056 | €101,426 | -€12,630 | -11.1% |
| Taxes | 450/3 | €108,832 | €96,158 | -€12,673 | -11.6% |
| Remuneration and social security | 454/9 | €5,224 | €5,268 | +€44 | +0.8% |
| Other amounts payable | 47/48 | €550,000 | €125,000 | -€425,000 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,314 | €63,908 | +€593 | +0.9% |
| Other operating charges | 640/8 | €15,958 | €9,331 | -€6,627 | -41.5% |
| Gross operating margin | 9900 | €79,873 | €143,768 | +€63,895 | +80.0% |
| Operating profit (loss) | 9901 | €600 | €70,530 | +€69,929 | +11,648% |
| Financial income | 75/76B | €493,539 | €443,125 | -€50,414 | -10.2% |
| Recurring financial income | 75 | €493,539 | €443,125 | -€50,414 | -10.2% |
| Financial charges | 65/66B | €1,218 | €1,596 | +€378 | +31.1% |
| Recurring financial charges | 65 | €1,218 | €1,596 | +€378 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €492,922 | €512,058 | +€19,137 | +3.9% |
| Income taxes | 67/77 | €65,680 | €76,635 | +€10,955 | +16.7% |
| Profit (loss) for the period | 9904 | €427,242 | €435,423 | +€8,182 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €427,242 | €435,423 | +€8,182 | +1.9% |
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 27 October 2026 via checked.be.