DEBBAUT: 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.
What changed
DEBBAUT
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€351,683
2024 · €236,721+€114,962
Equity
€1.3m
2024 · €1.1m+€204,683
Cash
€513,395
2024 · €471,400+€41,995
Balance sheet total
€1.9m
2024 · €1.8m+€131,337
Largest movements
Assets
- Receivables within one year +€131,453
up €131,453 (+18.6%), from €706,724 to €838,177
of which Trade receivables: +€122,529
- Tangible fixed assets -€61,117
down €61,117 (-15.8%), from €385,786 to €324,669
- Cash +€41,995
up €41,995 (+8.9%), from €471,400 to €513,395
mainly Net result for the year (+€351,683) and Depreciation (+€95,592)
- Stocks and contracts +€23,681
up €23,681 (+11.1%), from €213,562 to €237,244
of which Contracts in progress: +€43,343
Equity and liabilities
- Reserves +€204,683
up €204,683 (+19.0%), from €1.1m to €1.3m
of which Distributable reserves: +€208,702
- Debts after one year -€72,015
down €72,015 (-40.3%), from €178,521 to €106,507
- Other debts -€36,605
down €36,605 (-19.8%), from €185,000 to €148,395
- Trade debts +€29,250
up €29,250 (+30.1%), from €97,133 to €126,382
Income statement
- Gross operating margin +€99,219
up €99,219 (+11.5%), from €864,747 to €963,966
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.
Result 2024
€236,721
Gross operating margin
+€99,219
Staff costs
-€2,663
Depreciation
+€2,672
Other operating charges
-€399
Financial income
+€3,717
Financial charges
+€2,892
Taxes
+€9,523
Result 2025
€351,683
raises the resultlowers the result
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.
From operations
+€303,166
Investment
-€39,708
Financing
-€221,463
Cash 2024
€471,400
From operations (derived)
+€303,166
Net result for the year
+€351,683
Depreciation
+€95,592
Stocks and contracts
-€23,681
Receivables within one year
-€131,453
Deferred charges and accrued income
+€9,908
Provisions
-€125
Trade debts
+€29,250
Tax, wage and social debts
+€10,642
Advances received
-€1,129
Other debts
-€36,605
Accrued charges and deferred income
-€915
Investment (derived)
-€39,708
Investment in fixed assets (net)
-€39,708
Financing
-€221,463
Debts after one year
-€72,015
Current portion of long-term debt
-€2,449
Contributions, distributions and other
-€147,000
Cash 2025
€513,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,796,133 | €1,927,470 | +€131,337 | +7.3% |
| Fixed assets | 21/28 | €385,946 | €330,061 | -€55,885 | -14.5% |
| Intangible fixed assets | 21 | - | €5,232 | +€5,232 | |
| Tangible fixed assets | 22/27 | €385,786 | €324,669 | -€61,117 | -15.8% |
| Land and buildings | 22 | €133,841 | €104,443 | -€29,398 | -22.0% |
| Plant, machinery and equipment | 23 | €153,183 | €145,139 | -€8,044 | -5.3% |
| Furniture and vehicles | 24 | €94,142 | €75,087 | -€19,054 | -20.2% |
| Assets under construction and advance payments | 27 | €4,620 | €0 | -€4,620 | -100% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €1,410,187 | €1,597,409 | +€187,222 | +13.3% |
| Stocks and contracts in progress | 3 | €213,562 | €237,244 | +€23,681 | +11.1% |
| Stocks | 30/36 | €146,181 | €126,520 | -€19,661 | -13.4% |
| Contracts in progress | 37 | €67,381 | €110,724 | +€43,343 | +64.3% |
| Amounts receivable within one year | 40/41 | €706,724 | €838,177 | +€131,453 | +18.6% |
| Trade receivables | 40 | €693,926 | €816,455 | +€122,529 | +17.7% |
| Other amounts receivable | 41 | €12,798 | €21,722 | +€8,924 | +69.7% |
| Cash at bank and in hand | 54/58 | €471,400 | €513,395 | +€41,995 | +8.9% |
| Deferred charges and accrued income | 490/1 | €18,500 | €8,593 | -€9,908 | -53.6% |
| Total equity and liabilities | 10/49 | €1,796,133 | €1,927,470 | +€131,337 | +7.3% |
| Equity | 10/15 | €1,140,558 | €1,345,241 | +€204,683 | +17.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,079,058 | €1,283,741 | +€204,683 | +19.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €208,769 | €204,750 | -€4,019 | -1.9% |
| Distributable reserves | 133 | €864,139 | €1,072,841 | +€208,702 | +24.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €826 | €701 | -€125 | -15.1% |
| Deferred taxes | 168 | €826 | €701 | -€125 | -15.1% |
| Amounts payable | 17/49 | €654,749 | €581,528 | -€73,221 | -11.2% |
| Amounts payable after more than one year | 17 | €178,521 | €106,507 | -€72,015 | -40.3% |
| Financial debts | 170/4 | €178,521 | €106,507 | -€72,015 | -40.3% |
| Amounts payable within one year | 42/48 | €474,832 | €474,541 | -€291 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €74,463 | €72,015 | -€2,449 | -3.3% |
| Trade debts | 44 | €97,133 | €126,382 | +€29,250 | +30.1% |
| Suppliers | 440/4 | €97,133 | €126,382 | +€29,250 | +30.1% |
| Advances received on contracts in progress | 46 | €68,500 | €67,371 | -€1,129 | -1.6% |
| Taxes, remuneration and social security | 45 | €49,737 | €60,378 | +€10,642 | +21.4% |
| Taxes | 450/3 | €42,048 | €39,768 | -€2,280 | -5.4% |
| Remuneration and social security | 454/9 | €7,688 | €20,610 | +€12,922 | +168% |
| Other amounts payable | 47/48 | €185,000 | €148,395 | -€36,605 | -19.8% |
| Accrued charges and deferred income | 492/3 | €1,395 | €480 | -€915 | -65.6% |
| Remuneration, social security and pensions | 62 | €447,851 | €450,513 | +€2,663 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,264 | €95,592 | -€2,672 | -2.7% |
| Other operating charges | 640/8 | €7,216 | €7,616 | +€399 | +5.5% |
| Gross operating margin | 9900 | €864,747 | €963,966 | +€99,219 | +11.5% |
| Operating profit (loss) | 9901 | €311,417 | €410,245 | +€98,829 | +31.7% |
| Financial income | 75/76B | €11,674 | €15,391 | +€3,717 | +31.8% |
| Recurring financial income | 75 | €11,674 | €15,391 | +€3,717 | +31.8% |
| Financial charges | 65/66B | €9,027 | €6,135 | -€2,892 | -32.0% |
| Recurring financial charges | 65 | €9,027 | €6,135 | -€2,892 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €314,063 | €419,501 | +€105,438 | +33.6% |
| Transfer from deferred taxes | 780 | €125 | €125 | = | 0.0% |
| Income taxes | 67/77 | €77,467 | €67,943 | -€9,523 | -12.3% |
| Profit (loss) for the period | 9904 | €236,721 | €351,683 | +€114,962 | +48.6% |
| Transfer from tax-exempt reserves | 789 | €375 | €4,019 | +€3,644 | +972% |
| Transfer to tax-exempt reserves | 689 | €122,090 | €0 | -€122,090 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €115,006 | €355,702 | +€240,696 | +209% |
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 13 October 2026 via checked.be.