DEBCON: 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.
DEBCON
Largest movements
- Cash -€53,141
down €53,141 (-32.7%), from €162,619 to €109,478
mainly Other debts (-€131,286) and Investment in fixed assets (net) (-€94,669)
- Receivables after one year -€36,090
down €36,090 (-15.6%), from €231,581 to €195,490
- Reserves +€704,847
up €704,847 (+54.9%), from €1.3m to €2.0m
of which Distributable reserves: +€715,027
- Profit (loss) carried forward -€620,352
down €620,352 (-100%), from €620,352 to €0
- Other debts -€131,286
down €131,286 (-24.8%), from €529,128 to €397,842
- Financial income -€21,832
down €21,832 (-10.8%), from €203,075 to €181,243
- Depreciation +€14,716
up €14,716 (+19.6%), from €74,975 to €89,691
- Financial charges +€13,628
up €13,628 (+2,050%), from €665 to €14,292
- Gross operating margin -€7,818
down €7,818 (-17.5%), from €44,649 to €36,831
- Taxes -€4,508
down €4,508 (-27.4%), from €16,432 to €11,923
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 | €3,460,388 | €3,395,248 | -€65,140 | -1.9% |
| Fixed assets | 21/28 | €2,136,845 | €2,141,823 | +€4,978 | +0.2% |
| Tangible fixed assets | 22/27 | €2,094,095 | €2,099,073 | +€4,978 | +0.2% |
| Land and buildings | 22 | €2,090,406 | €2,032,168 | -€58,238 | -2.8% |
| Plant, machinery and equipment | 23 | €1,867 | €1,638 | -€229 | -12.2% |
| Furniture and vehicles | 24 | €1,822 | €65,267 | +€63,444 | +3,481% |
| Financial fixed assets | 28 | €42,750 | €42,750 | = | 0.0% |
| Current assets | 29/58 | €1,323,543 | €1,253,425 | -€70,118 | -5.3% |
| Amounts receivable after more than one year | 29 | €231,581 | €195,490 | -€36,090 | -15.6% |
| Other amounts receivable | 291 | €231,581 | €195,490 | -€36,090 | -15.6% |
| Stocks and contracts in progress | 3 | €14,037 | €14,037 | = | 0.0% |
| Stocks | 30/36 | €14,037 | €14,037 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €460,021 | €486,115 | +€26,094 | +5.7% |
| Trade receivables | 40 | €10,259 | €8,046 | -€2,213 | -21.6% |
| Other amounts receivable | 41 | €449,762 | €478,069 | +€28,307 | +6.3% |
| Current investments | 50/53 | €453,065 | €439,981 | -€13,083 | -2.9% |
| Cash at bank and in hand | 54/58 | €162,619 | €109,478 | -€53,141 | -32.7% |
| Deferred charges and accrued income | 490/1 | €2,221 | €8,323 | +€6,102 | +275% |
| Total equity and liabilities | 10/49 | €3,460,388 | €3,395,248 | -€65,140 | -1.9% |
| Equity | 10/15 | €2,859,180 | €2,943,675 | +€84,495 | +3.0% |
| Contributions | 10/11 | €955,000 | €955,000 | = | 0.0% |
| Reserves | 13 | €1,283,828 | €1,988,675 | +€704,847 | +54.9% |
| Tax-exempt reserves | 132 | €113,126 | €102,946 | -€10,179 | -9.0% |
| Distributable reserves | 133 | €1,170,702 | €1,885,729 | +€715,027 | +61.1% |
| Profit (loss) carried forward | 14 | €620,352 | €0 | -€620,352 | -100% |
| Provisions and deferred taxes | 16 | €35,943 | €31,667 | -€4,276 | -11.9% |
| Deferred taxes | 168 | €35,943 | €31,667 | -€4,276 | -11.9% |
| Amounts payable | 17/49 | €565,265 | €419,905 | -€145,360 | -25.7% |
| Amounts payable within one year | 42/48 | €563,516 | €419,167 | -€144,349 | -25.6% |
| Trade debts | 44 | €16,494 | €9,284 | -€7,209 | -43.7% |
| Suppliers | 440/4 | €16,494 | €9,284 | -€7,209 | -43.7% |
| Taxes, remuneration and social security | 45 | €17,894 | €12,041 | -€5,854 | -32.7% |
| Taxes | 450/3 | €13,231 | €12,041 | -€1,190 | -9.0% |
| Remuneration and social security | 454/9 | €4,663 | €0 | -€4,663 | -100% |
| Other amounts payable | 47/48 | €529,128 | €397,842 | -€131,286 | -24.8% |
| Accrued charges and deferred income | 492/3 | €1,749 | €739 | -€1,011 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,975 | €89,691 | +€14,716 | +19.6% |
| Other operating charges | 640/8 | €18,606 | €21,948 | +€3,342 | +18.0% |
| Gross operating margin | 9900 | €44,649 | €36,831 | -€7,818 | -17.5% |
| Operating profit (loss) | 9901 | -€48,932 | -€74,808 | -€25,876 | -52.9% |
| Financial income | 75/76B | €203,075 | €181,243 | -€21,832 | -10.8% |
| Recurring financial income | 75 | €203,075 | €181,243 | -€21,832 | -10.8% |
| Financial charges | 65/66B | €665 | €14,292 | +€13,628 | +2,050% |
| Recurring financial charges | 65 | €665 | €14,292 | +€13,628 | +2,050% |
| Profit (loss) for the period before taxes | 9903 | €153,478 | €92,143 | -€61,335 | -40.0% |
| Transfer from deferred taxes | 780 | €0 | €4,276 | +€4,276 | |
| Income taxes | 67/77 | €16,432 | €11,923 | -€4,508 | -27.4% |
| Profit (loss) for the period | 9904 | €137,047 | €84,495 | -€52,551 | -38.3% |
| Transfer from tax-exempt reserves | 789 | €0 | €10,179 | +€10,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €137,047 | €94,675 | -€42,372 | -30.9% |
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 14 October 2026 via checked.be.