DEBELCO: 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
DEBELCO
NACE 73.300, Public relations and communication consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.6m-€226,875
Equity
€19.0m
2024 · €16.7m+€2.3m
Cash
€20,100
2024 · €71,325-€51,225
Balance sheet total
€21.5m
2024 · €19.6m+€1.9m
Largest movements
Assets
- Receivables within one year +€2.2m
up €2.2m (+34.8%), from €6.4m to €8.6m
of which Other amounts receivable: +€2.3m
Equity and liabilities
- Profit (loss) carried forward +€2.3m
up €2.3m (+21.0%), from €11.2m to €13.5m
Income statement
- Financial income -€218,540
down €218,540 (-7.6%), from €2.9m to €2.7m
- Gross operating margin -€67,049
down €67,049, from €40,257 to -€26,791
- Financial charges -€41,379
down €41,379 (-30.2%), from €136,856 to €95,477
- Depreciation -€18,335
down €18,335 (-9.6%), from €191,776 to €173,441
- Other operating charges +€1,000
up €1,000 (+16.8%), from €5,965 to €6,965
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
€2.6m
Gross operating margin
-€67,049
Depreciation
+€18,335
Other operating charges
-€1,000
Financial income
-€218,540
Financial charges
+€41,379
Result 2025
€2.3m
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.
From operations
+€45,975
Investment
+€97,000
Financing
-€194,200
Cash 2024
€71,325
From operations (derived)
+€45,975
Net result for the year
+€2.3m
Depreciation
+€173,441
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€40,235
Trade debts
-€12,915
Other debts
-€186,285
Accrued charges and deferred income
-€4,294
Investment (derived)
+€97,000
Investment in fixed assets (net)
-€3,000
Current investments
+€100,000
Financing
-€194,200
Debts after one year
-€194,200
Cash 2025
€20,100
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,555,371 | €21,505,252 | +€1.9m | +10.0% |
| Fixed assets | 21/28 | €12,570,449 | €12,400,008 | -€170,441 | -1.4% |
| Tangible fixed assets | 22/27 | €2,783,949 | €2,613,508 | -€170,441 | -6.1% |
| Land and buildings | 22 | €2,768,500 | €2,596,323 | -€172,176 | -6.2% |
| Furniture and vehicles | 24 | €5,029 | €3,795 | -€1,234 | -24.5% |
| Other tangible fixed assets | 26 | €10,420 | €13,390 | +€2,970 | +28.5% |
| Financial fixed assets | 28 | €9,786,500 | €9,786,500 | = | 0.0% |
| Current assets | 29/58 | €6,984,922 | €9,105,244 | +€2.1m | +30.4% |
| Amounts receivable within one year | 40/41 | €6,404,056 | €8,635,368 | +€2.2m | +34.8% |
| Trade receivables | 40 | €88,654 | €43,752 | -€44,901 | -50.6% |
| Other amounts receivable | 41 | €6,315,402 | €8,591,616 | +€2.3m | +36.0% |
| Current investments | 50/53 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €71,325 | €20,100 | -€51,225 | -71.8% |
| Deferred charges and accrued income | 490/1 | €309,541 | €349,776 | +€40,235 | +13.0% |
| Total equity and liabilities | 10/49 | €19,555,371 | €21,505,252 | +€1.9m | +10.0% |
| Equity | 10/15 | €16,680,296 | €19,027,870 | +€2.3m | +14.1% |
| Contributions | 10/11 | €5,202,277 | €5,202,277 | = | 0.0% |
| Reserves | 13 | €285,264 | €285,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €285,264 | €285,264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €285,264 | €285,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,192,755 | €13,540,330 | +€2.3m | +21.0% |
| Amounts payable | 17/49 | €2,875,075 | €2,477,382 | -€397,693 | -13.8% |
| Amounts payable after more than one year | 17 | €2,381,753 | €2,187,553 | -€194,200 | -8.2% |
| Financial debts | 170/4 | €2,378,950 | €2,184,750 | -€194,200 | -8.2% |
| Other amounts payable | 178/9 | €2,803 | €2,803 | = | 0.0% |
| Amounts payable within one year | 42/48 | €467,536 | €268,337 | -€199,200 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €194,200 | €194,200 | = | 0.0% |
| Trade debts | 44 | €50,677 | €37,762 | -€12,915 | -25.5% |
| Suppliers | 440/4 | €50,677 | €37,762 | -€12,915 | -25.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €222,659 | €36,374 | -€186,285 | -83.7% |
| Accrued charges and deferred income | 492/3 | €25,786 | €21,492 | -€4,294 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,776 | €173,441 | -€18,335 | -9.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €5,965 | €6,965 | +€1,000 | +16.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,257 | -€26,791 | -€67,049 | |
| Operating profit (loss) | 9901 | -€157,484 | -€207,196 | -€49,713 | -31.6% |
| Financial income | 75/76B | €2,868,789 | €2,650,249 | -€218,540 | -7.6% |
| Recurring financial income | 75 | €2,868,789 | €2,650,249 | -€218,540 | -7.6% |
| Financial charges | 65/66B | €136,856 | €95,477 | -€41,379 | -30.2% |
| Recurring financial charges | 65 | €136,856 | €95,477 | -€41,379 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €2,574,450 | €2,347,575 | -€226,875 | -8.8% |
| Profit (loss) for the period | 9904 | €2,574,450 | €2,347,575 | -€226,875 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,574,450 | €2,347,575 | -€226,875 | -8.8% |
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 11 October 2026 via checked.be.