DEBAY: 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.
DEBAY
Largest movements
- Tangible fixed assets +€1.1m
new in 2025: €1.1m
- Cash -€71,722
down €71,722 (-95.2%), from €75,341 to €3,619
mainly Investment in fixed assets (net) (-€1.2m) and Other debts (-€8,348)
- Receivables within one year -€33,987
down €33,987 (-18.1%), from €187,759 to €153,771
of which Other amounts receivable: -€88,798
- Debts after one year +€761,905
new in 2025: €761,905
- Current portion of long-term debt +€142,857
new in 2025: €142,857
- Reserves +€96,477
up €96,477 (+9.4%), from €1.0m to €1.1m
of which Distributable reserves: +€96,477
- Financial income +€211,200
up €211,200 (+275%), from €76,800 to €288,000
- Depreciation +€143,106
new in 2025: €143,106
- Financial charges +€19,752
up €19,752 (+10,973%), from €180 to €19,932
- Other operating charges +€3,408
new in 2025: €3,408
- Gross operating margin -€1,210
down €1,210 (-5.1%), from -€23,867 to -€25,077
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 | €1,452,989 | €2,447,279 | +€994,291 | +68.4% |
| Fixed assets | 21/28 | €1,189,889 | €2,289,889 | +€1.1m | +92.4% |
| Tangible fixed assets | 22/27 | - | €1,100,000 | +€1.1m | |
| Land and buildings | 22 | - | €1,100,000 | +€1.1m | |
| Financial fixed assets | 28 | €1,189,889 | €1,189,889 | = | 0.0% |
| Current assets | 29/58 | €263,100 | €157,390 | -€105,709 | -40.2% |
| Amounts receivable within one year | 40/41 | €187,759 | €153,771 | -€33,987 | -18.1% |
| Trade receivables | 40 | €45,980 | €100,791 | +€54,811 | +119% |
| Other amounts receivable | 41 | €141,779 | €52,980 | -€88,798 | -62.6% |
| Cash at bank and in hand | 54/58 | €75,341 | €3,619 | -€71,722 | -95.2% |
| Total equity and liabilities | 10/49 | €1,452,989 | €2,447,279 | +€994,291 | +68.4% |
| Equity | 10/15 | €1,224,657 | €1,321,133 | +€96,477 | +7.9% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €1,026,342 | €1,122,819 | +€96,477 | +9.4% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €1,006,510 | €1,102,987 | +€96,477 | +9.6% |
| Amounts payable | 17/49 | €228,332 | €1,126,146 | +€897,814 | +393% |
| Amounts payable after more than one year | 17 | - | €761,905 | +€761,905 | |
| Financial debts | 170/4 | - | €761,905 | +€761,905 | |
| Amounts payable within one year | 42/48 | €228,332 | €364,241 | +€135,909 | +59.5% |
| Current portion of amounts payable after more than one year | 42 | - | €142,857 | +€142,857 | |
| Trade debts | 44 | - | €9,273 | +€9,273 | |
| Suppliers | 440/4 | - | €9,273 | +€9,273 | |
| Taxes, remuneration and social security | 45 | €20,353 | €12,481 | -€7,872 | -38.7% |
| Taxes | 450/3 | €20,353 | €12,481 | -€7,872 | -38.7% |
| Other amounts payable | 47/48 | €207,979 | €199,631 | -€8,348 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €143,106 | +€143,106 | |
| Other operating charges | 640/8 | - | €3,408 | +€3,408 | |
| Gross operating margin | 9900 | -€23,867 | -€25,077 | -€1,210 | -5.1% |
| Operating profit (loss) | 9901 | -€23,867 | -€171,591 | -€147,724 | -619% |
| Financial income | 75/76B | €76,800 | €288,000 | +€211,200 | +275% |
| Recurring financial income | 75 | €76,800 | €288,000 | +€211,200 | +275% |
| Financial charges | 65/66B | €180 | €19,932 | +€19,752 | +10,973% |
| Recurring financial charges | 65 | €180 | €19,932 | +€19,752 | +10,973% |
| Profit (loss) for the period before taxes | 9903 | €52,753 | €96,477 | +€43,724 | +82.9% |
| Profit (loss) for the period | 9904 | €52,753 | €96,477 | +€43,724 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,753 | €96,477 | +€43,724 | +82.9% |
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 18 October 2026 via checked.be.