DEBAVARK: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DEBAVARK
Largest movements
- Tangible fixed assets +€206,438
up €206,438 (+60.1%), from €343,421 to €549,859
of which Plant, machinery and equipment: +€199,574
- Stocks and contracts -€52,302
down €52,302 (-9.1%), from €577,520 to €525,218
- Receivables within one year +€51,139
up €51,139 (+19.3%), from €265,469 to €316,608
of which Trade receivables: +€122,314
- Debts after one year +€142,557
up €142,557 (+290%), from €49,184 to €191,742
- Current portion of long-term debt +€52,494
up €52,494 (+569%), from €9,222 to €61,716
- Reserves +€42,470
up €42,470 (+10.6%), from €399,446 to €441,916
of which Distributable reserves: +€42,470
- Trade debts -€34,605
down €34,605 (-9.5%), from €365,911 to €331,306
- Other debts -€18,680
down €18,680 (-75.1%), from €24,880 to €6,201
- Staff costs +€155,550
up €155,550 (+987%), from €15,756 to €171,307
- Gross operating margin +€90,681
up €90,681 (+33.9%), from €267,802 to €358,483
- Depreciation +€30,696
up €30,696 (+51.7%), from €59,323 to €90,019
- Taxes -€27,555
down €27,555 (-55.3%), from €49,833 to €22,278
- Financial income -€4,314
down €4,314 (-45.0%), from €9,588 to €5,275
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,314,461 | €1,517,911 | +€203,450 | +15.5% |
| Fixed assets | 21/28 | €365,663 | €568,120 | +€202,457 | +55.4% |
| Intangible fixed assets | 21 | €9,302 | €5,321 | -€3,981 | -42.8% |
| Tangible fixed assets | 22/27 | €343,421 | €549,859 | +€206,438 | +60.1% |
| Land and buildings | 22 | €304,740 | €299,476 | -€5,265 | -1.7% |
| Plant, machinery and equipment | 23 | €32,632 | €232,205 | +€199,574 | +612% |
| Furniture and vehicles | 24 | €6,049 | €18,178 | +€12,129 | +200% |
| Financial fixed assets | 28 | €12,940 | €12,940 | = | 0.0% |
| Current assets | 29/58 | €948,798 | €949,791 | +€993 | +0.1% |
| Amounts receivable after more than one year | 29 | €71,050 | €71,050 | = | 0.0% |
| Other amounts receivable | 291 | €71,050 | €71,050 | = | 0.0% |
| Stocks and contracts in progress | 3 | €577,520 | €525,218 | -€52,302 | -9.1% |
| Stocks | 30/36 | €577,520 | €525,218 | -€52,302 | -9.1% |
| Amounts receivable within one year | 40/41 | €265,469 | €316,608 | +€51,139 | +19.3% |
| Trade receivables | 40 | €137,518 | €259,832 | +€122,314 | +88.9% |
| Other amounts receivable | 41 | €127,951 | €56,776 | -€71,175 | -55.6% |
| Cash at bank and in hand | 54/58 | €21,536 | €19,703 | -€1,833 | -8.5% |
| Deferred charges and accrued income | 490/1 | €13,223 | €17,212 | +€3,989 | +30.2% |
| Total equity and liabilities | 10/49 | €1,314,461 | €1,517,911 | +€203,450 | +15.5% |
| Equity | 10/15 | €414,948 | €456,220 | +€41,271 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €399,446 | €441,916 | +€42,470 | +10.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €397,446 | €439,916 | +€42,470 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €9,303 | €8,104 | -€1,199 | -12.9% |
| Provisions and deferred taxes | 16 | €490 | €426 | -€63 | -12.9% |
| Deferred taxes | 168 | €490 | €426 | -€63 | -12.9% |
| Amounts payable | 17/49 | €899,023 | €1,061,265 | +€162,242 | +18.0% |
| Amounts payable after more than one year | 17 | €49,184 | €191,742 | +€142,557 | +290% |
| Financial debts | 170/4 | €49,184 | €191,742 | +€142,557 | +290% |
| Amounts payable within one year | 42/48 | €847,244 | €862,744 | +€15,500 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,222 | €61,716 | +€52,494 | +569% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €365,911 | €331,306 | -€34,605 | -9.5% |
| Suppliers | 440/4 | €365,911 | €331,306 | -€34,605 | -9.5% |
| Taxes, remuneration and social security | 45 | €47,231 | €63,521 | +€16,290 | +34.5% |
| Taxes | 450/3 | €37,654 | €37,241 | -€413 | -1.1% |
| Remuneration and social security | 454/9 | €9,577 | €26,280 | +€16,703 | +174% |
| Other amounts payable | 47/48 | €24,880 | €6,201 | -€18,680 | -75.1% |
| Accrued charges and deferred income | 492/3 | €2,594 | €6,779 | +€4,185 | +161% |
| Remuneration, social security and pensions | 62 | €15,756 | €171,307 | +€155,550 | +987% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,323 | €90,019 | +€30,696 | +51.7% |
| Other operating charges | 640/8 | €13,067 | €16,799 | +€3,733 | +28.6% |
| Gross operating margin | 9900 | €267,802 | €358,483 | +€90,681 | +33.9% |
| Operating profit (loss) | 9901 | €179,657 | €80,358 | -€99,299 | -55.3% |
| Financial income | 75/76B | €9,588 | €5,275 | -€4,314 | -45.0% |
| Recurring financial income | 75 | €9,588 | €5,275 | -€4,314 | -45.0% |
| Financial charges | 65/66B | €23,068 | €20,947 | -€2,122 | -9.2% |
| Recurring financial charges | 65 | €23,068 | €20,947 | -€2,122 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €166,177 | €64,686 | -€101,491 | -61.1% |
| Transfer from deferred taxes | 780 | €71 | €63 | -€8 | -11.3% |
| Income taxes | 67/77 | €49,833 | €22,278 | -€27,555 | -55.3% |
| Profit (loss) for the period | 9904 | €116,414 | €42,470 | -€73,944 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,414 | €42,470 | -€73,944 | -63.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.