DEBAVEST: what changed
Two fiscal 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.
DEBAVEST
Largest movements
- Tangible fixed assets +€102,840
up €102,840 (+5.6%), from €1.8m to €1.9m
of which Land and buildings: +€103,703
- Cash -€21,019
down €21,019 (-72.2%), from €29,102 to €8,082
mainly Investment in fixed assets (net) (-€170,430) and Net result for the year (-€35,792)
- Other debts +€162,749
new in 2025: €162,749
- Debts after one year -€32,311
down €32,311 (-4.9%), from €658,432 to €626,120
of which Financial debts: -€38,155
- Profit (loss) carried forward -€31,641
down €31,641, from €17,585 to -€14,056
- Gross operating margin -€37,195
down €37,195 (-40.3%), from €92,297 to €55,101
- Depreciation -€6,350
down €6,350 (-8.6%), from €73,941 to €67,591
- Taxes -€2,952
down €2,952 (-97.3%), from €3,034 to €82
- Other operating charges +€2,189
up €2,189 (+27.1%), from €8,076 to €10,265
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 | €1,877,522 | €1,966,667 | +€89,145 | +4.7% |
| Fixed assets | 21/28 | €1,840,744 | €1,943,584 | +€102,840 | +5.6% |
| Tangible fixed assets | 22/27 | €1,840,744 | €1,943,584 | +€102,840 | +5.6% |
| Land and buildings | 22 | €1,803,633 | €1,907,337 | +€103,703 | +5.7% |
| Furniture and vehicles | 24 | €7,611 | €6,747 | -€864 | -11.3% |
| Other tangible fixed assets | 26 | €29,500 | €29,500 | = | 0.0% |
| Current assets | 29/58 | €36,778 | €23,083 | -€13,695 | -37.2% |
| Amounts receivable within one year | 40/41 | €7,676 | €15,001 | +€7,325 | +95.4% |
| Trade receivables | 40 | €7,676 | €15,001 | +€7,325 | +95.4% |
| Cash at bank and in hand | 54/58 | €29,102 | €8,082 | -€21,019 | -72.2% |
| Total equity and liabilities | 10/49 | €1,877,522 | €1,966,667 | +€89,145 | +4.7% |
| Equity | 10/15 | €1,141,970 | €1,106,178 | -€35,792 | -3.1% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €324,385 | €320,234 | -€4,151 | -1.3% |
| Tax-exempt reserves | 132 | €74,385 | €70,234 | -€4,151 | -5.6% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,585 | -€14,056 | -€31,641 | |
| Provisions and deferred taxes | 16 | €24,795 | €23,411 | -€1,384 | -5.6% |
| Deferred taxes | 168 | €24,795 | €23,411 | -€1,384 | -5.6% |
| Amounts payable | 17/49 | €710,757 | €837,078 | +€126,321 | +17.8% |
| Amounts payable after more than one year | 17 | €658,432 | €626,120 | -€32,311 | -4.9% |
| Financial debts | 170/4 | €226,044 | €187,889 | -€38,155 | -16.9% |
| Other amounts payable | 178/9 | €432,388 | €438,231 | +€5,843 | +1.4% |
| Amounts payable within one year | 42/48 | €46,599 | €203,916 | +€157,317 | +337.6% |
| Current portion of amounts payable after more than one year | 42 | €32,938 | €35,937 | +€2,999 | +9.1% |
| Trade debts | 44 | €5,542 | €1 | -€5,541 | -100.0% |
| Suppliers | 440/4 | €5,542 | €1 | -€5,541 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,118 | €5,229 | -€2,889 | -35.6% |
| Taxes | 450/3 | €8,118 | €5,229 | -€2,889 | -35.6% |
| Other amounts payable | 47/48 | - | €162,749 | +€162,749 | |
| Accrued charges and deferred income | 492/3 | €5,727 | €7,042 | +€1,315 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,941 | €67,591 | -€6,350 | -8.6% |
| Other operating charges | 640/8 | €8,076 | €10,265 | +€2,189 | +27.1% |
| Gross operating margin | 9900 | €92,297 | €55,101 | -€37,195 | -40.3% |
| Operating profit (loss) | 9901 | €10,280 | -€22,755 | -€33,034 | |
| Financial income | 75/76B | €19 | €26 | +€7 | +35.4% |
| Recurring financial income | 75 | €19 | €26 | +€7 | +35.4% |
| Financial charges | 65/66B | €14,188 | €14,365 | +€178 | +1.3% |
| Recurring financial charges | 65 | €14,188 | €14,365 | +€178 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,889 | -€37,094 | -€33,205 | -853.9% |
| Transfer from deferred taxes | 780 | €1,384 | €1,384 | = | 0.0% |
| Income taxes | 67/77 | €3,034 | €82 | -€2,952 | -97.3% |
| Profit (loss) for the period | 9904 | -€5,539 | -€35,792 | -€30,254 | -546.2% |
| Transfer from tax-exempt reserves | 789 | €4,151 | €4,151 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,387 | -€31,641 | -€30,254 | -2180.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.