DEBATS: 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.
DEBATS
Largest movements
- Tangible fixed assets -€19,839
down €19,839 (-16.2%), from €122,475 to €102,636
- Reserves -€18,130
down €18,130 (-3.7%), from €488,138 to €470,008
- Gross operating margin -€9,210
down €9,210 (-73.9%), from €12,466 to €3,256
- Financial income -€2,332
down €2,332 (-71.6%), from €3,258 to €925
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 | €873,494 | €851,700 | -€21,795 | -2.5% |
| Fixed assets | 21/28 | €145,422 | €125,583 | -€19,839 | -13.6% |
| Tangible fixed assets | 22/27 | €122,475 | €102,636 | -€19,839 | -16.2% |
| Land and buildings | 22 | €122,475 | €102,636 | -€19,839 | -16.2% |
| Financial fixed assets | 28 | €22,947 | €22,947 | = | 0.0% |
| Current assets | 29/58 | €728,072 | €726,117 | -€1,956 | -0.3% |
| Amounts receivable within one year | 40/41 | €2,303 | €1,720 | -€583 | -25.3% |
| Other amounts receivable | 41 | €2,303 | €1,720 | -€583 | -25.3% |
| Current investments | 50/53 | €129,000 | €129,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €596,446 | €595,063 | -€1,383 | -0.2% |
| Deferred charges and accrued income | 490/1 | €324 | €334 | +€10 | +3.1% |
| Total equity and liabilities | 10/49 | €873,494 | €851,700 | -€21,795 | -2.5% |
| Equity | 10/15 | €518,138 | €500,008 | -€18,130 | -3.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €488,138 | €470,008 | -€18,130 | -3.7% |
| Distributable reserves | 133 | €488,138 | €470,008 | -€18,130 | -3.7% |
| Provisions and deferred taxes | 16 | €350,000 | €350,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €350,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,357 | €1,692 | -€3,665 | -68.4% |
| Amounts payable within one year | 42/48 | €1,122 | €1,692 | +€570 | +50.8% |
| Trade debts | 44 | €270 | €820 | +€550 | +203% |
| Suppliers | 440/4 | €270 | €820 | +€550 | +203% |
| Other amounts payable | 47/48 | €852 | €872 | +€20 | +2.4% |
| Accrued charges and deferred income | 492/3 | €4,235 | - | -€4,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,839 | €19,839 | = | 0.0% |
| Other operating charges | 640/8 | €1,998 | €2,060 | +€62 | +3.1% |
| Gross operating margin | 9900 | €12,466 | €3,256 | -€9,210 | -73.9% |
| Operating profit (loss) | 9901 | -€9,372 | -€18,643 | -€9,272 | -98.9% |
| Financial income | 75/76B | €3,258 | €925 | -€2,332 | -71.6% |
| Recurring financial income | 75 | €3,258 | €925 | -€2,332 | -71.6% |
| Financial charges | 65/66B | €177 | €280 | +€103 | +58.2% |
| Recurring financial charges | 65 | €177 | €280 | +€103 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,291 | -€17,998 | -€11,707 | -186% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€6,419 | -€18,130 | -€11,711 | -182% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,419 | -€18,130 | -€11,711 | -182% |
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 20 October 2026 via checked.be.