Debaled: what changed
Debaled
Largest movements
- Receivables within one year +€33,456
up €33,456 (+62.3%), from €53,721 to €87,177
of which Trade receivables: +€30,977
- Cash +€9,639
up €9,639 (+93.3%), from €10,330 to €19,969
mainly Net result for the year (+€23,056) and Depreciation (+€10,954)
- Tangible fixed assets -€8,366
down €8,366 (-3.9%), from €213,129 to €204,763
of which Land and buildings: -€8,593
- Profit (loss) carried forward +€16,959
up €16,959 (+23.6%), from €71,726 to €88,685
- Trade debts +€10,871
up €10,871 (+49.6%), from €21,911 to €32,782
- Debts after one year -€10,010
down €10,010 (-6.1%), from €163,251 to €153,241
- Tax, wage and social debts +€9,964
new in 2026: €9,964
- Other debts +€6,098
new in 2026: €6,098
- Staff costs +€36,949
up €36,949 (+1,924%), from €1,920 to €38,869
- Gross operating margin +€35,005
up €35,005 (+72.5%), from €48,252 to €83,258
- Taxes -€14,162
down €14,162 (-72.4%), from €19,573 to €5,411
- Financial charges -€2,174
down €2,174 (-27.5%), from €7,891 to €5,717
- Depreciation +€1,010
up €1,010 (+10.2%), from €9,944 to €10,954
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,825 | €329,279 | +€34,454 | +11.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €213,129 | €204,763 | -€8,366 | -3.9% |
| Tangible fixed assets | 22/27 | €213,129 | €204,763 | -€8,366 | -3.9% |
| Land and buildings | 22 | €210,181 | €201,589 | -€8,593 | -4.1% |
| Plant, machinery and equipment | 23 | €2,948 | €2,090 | -€858 | -29.1% |
| Furniture and vehicles | 24 | - | €1,085 | +€1,085 | |
| Current assets | 29/58 | €81,696 | €124,516 | +€42,820 | +52.4% |
| Stocks and contracts in progress | 3 | €17,645 | €17,370 | -€275 | -1.6% |
| Stocks | 30/36 | €9,145 | €9,870 | +€725 | +7.9% |
| Contracts in progress | 37 | €8,500 | €7,500 | -€1,000 | -11.8% |
| Amounts receivable within one year | 40/41 | €53,721 | €87,177 | +€33,456 | +62.3% |
| Trade receivables | 40 | €22,366 | €53,343 | +€30,977 | +139% |
| Other amounts receivable | 41 | €31,355 | €33,834 | +€2,479 | +7.9% |
| Cash at bank and in hand | 54/58 | €10,330 | €19,969 | +€9,639 | +93.3% |
| Total equity and liabilities | 10/49 | €294,825 | €329,279 | +€34,454 | +11.7% |
| Equity | 10/15 | €91,726 | €108,685 | +€16,959 | +18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,726 | €88,685 | +€16,959 | +23.6% |
| Amounts payable | 17/49 | €203,098 | €220,594 | +€17,495 | +8.6% |
| Amounts payable after more than one year | 17 | €163,251 | €153,241 | -€10,010 | -6.1% |
| Financial debts | 170/4 | €163,251 | €153,241 | -€10,010 | -6.1% |
| Amounts payable within one year | 42/48 | €32,348 | €58,852 | +€26,505 | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €10,437 | €10,010 | -€427 | -4.1% |
| Trade debts | 44 | €21,911 | €32,782 | +€10,871 | +49.6% |
| Suppliers | 440/4 | €21,911 | €32,782 | +€10,871 | +49.6% |
| Taxes, remuneration and social security | 45 | - | €9,964 | +€9,964 | |
| Remuneration and social security | 454/9 | - | €9,964 | +€9,964 | |
| Other amounts payable | 47/48 | - | €6,098 | +€6,098 | |
| Accrued charges and deferred income | 492/3 | €7,500 | €8,500 | +€1,000 | +13.3% |
| Remuneration, social security and pensions | 62 | €1,920 | €38,869 | +€36,949 | +1,924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,944 | €10,954 | +€1,010 | +10.2% |
| Other operating charges | 640/8 | €1,673 | €768 | -€906 | -54.1% |
| Gross operating margin | 9900 | €48,252 | €83,258 | +€35,005 | +72.5% |
| Operating profit (loss) | 9901 | €34,715 | €32,667 | -€2,048 | -5.9% |
| Financial income | 75/76B | €2,337 | €1,517 | -€820 | -35.1% |
| Recurring financial income | 75 | €2,337 | €1,517 | -€820 | -35.1% |
| Financial charges | 65/66B | €7,891 | €5,717 | -€2,174 | -27.5% |
| Recurring financial charges | 65 | €7,891 | €5,717 | -€2,174 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €29,162 | €28,467 | -€694 | -2.4% |
| Income taxes | 67/77 | €19,573 | €5,411 | -€14,162 | -72.4% |
| Profit (loss) for the period | 9904 | €9,589 | €23,056 | +€13,467 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €9,589 | €23,056 | +€13,467 | +140% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.