DEBELEC: 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.
DEBELEC
Largest movements
- Receivables after one year +€19,646
new in 2025: €19,646
- Receivables within one year +€15,287
up €15,287 (+45.6%), from €33,541 to €48,828
of which Trade receivables: +€8,795
- Tangible fixed assets -€14,033
down €14,033 (-95.5%), from €14,700 to €667
of which Furniture and vehicles: -€13,499
- Cash -€12,735
down €12,735 (-52.3%), from €24,332 to €11,597
mainly Receivables after one year (-€19,646) and Receivables within one year (-€15,287)
- Profit (loss) carried forward +€14,431
up €14,431 (+65.2%), from €22,126 to €36,557
- Other debts -€5,934
down €5,934 (-87.7%), from €6,767 to €833
- Debts after one year -€3,539
down €3,539 (-42.8%), from €8,263 to €4,724
- Tax, wage and social debts +€3,416
up €3,416 (+94.0%), from €3,632 to €7,048
- Depreciation -€4,366
down €4,366 (-89.1%), from €4,900 to €534
- Gross operating margin -€3,574
down €3,574 (-11.6%), from €30,863 to €27,289
- Financial income +€1,989
up €1,989 (+1953.9%), from €102 to €2,091
- Other operating charges +€642
up €642 (+109.4%), from €587 to €1,228
- Taxes -€478
down €478 (-8.9%), from €5,383 to €4,905
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 | €72,573 | €80,738 | +€8,165 | +11.3% |
| Fixed assets | 21/28 | €14,700 | €667 | -€14,033 | -95.5% |
| Tangible fixed assets | 22/27 | €14,700 | €667 | -€14,033 | -95.5% |
| Plant, machinery and equipment | 23 | €1,201 | €667 | -€534 | -44.4% |
| Furniture and vehicles | 24 | €13,499 | - | -€13,499 | |
| Current assets | 29/58 | €57,873 | €80,071 | +€22,198 | +38.4% |
| Amounts receivable after more than one year | 29 | - | €19,646 | +€19,646 | |
| Other amounts receivable | 291 | - | €19,646 | +€19,646 | |
| Amounts receivable within one year | 40/41 | €33,541 | €48,828 | +€15,287 | +45.6% |
| Trade receivables | 40 | €29,923 | €38,718 | +€8,795 | +29.4% |
| Other amounts receivable | 41 | €3,617 | €10,110 | +€6,493 | +179.5% |
| Cash at bank and in hand | 54/58 | €24,332 | €11,597 | -€12,735 | -52.3% |
| Total equity and liabilities | 10/49 | €72,573 | €80,738 | +€8,165 | +11.3% |
| Equity | 10/15 | €30,126 | €44,557 | +€14,431 | +47.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,126 | €36,557 | +€14,431 | +65.2% |
| Amounts payable | 17/49 | €42,448 | €36,181 | -€6,267 | -14.8% |
| Amounts payable after more than one year | 17 | €8,263 | €4,724 | -€3,539 | -42.8% |
| Financial debts | 170/4 | €8,263 | €4,724 | -€3,539 | -42.8% |
| Amounts payable within one year | 42/48 | €34,185 | €31,457 | -€2,727 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €3,339 | €3,539 | +€200 | +6.0% |
| Trade debts | 44 | €20,445 | €20,037 | -€409 | -2.0% |
| Suppliers | 440/4 | €20,445 | €20,037 | -€409 | -2.0% |
| Taxes, remuneration and social security | 45 | €3,632 | €7,048 | +€3,416 | +94.0% |
| Taxes | 450/3 | €3,632 | €7,048 | +€3,416 | +94.0% |
| Other amounts payable | 47/48 | €6,767 | €833 | -€5,934 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,900 | €534 | -€4,366 | -89.1% |
| Other operating charges | 640/8 | €587 | €1,228 | +€642 | +109.4% |
| Non-recurring operating charges | 66A | - | €6,499 | +€6,499 | |
| Gross operating margin | 9900 | €30,863 | €27,289 | -€3,574 | -11.6% |
| Operating profit (loss) | 9901 | €25,376 | €19,027 | -€6,349 | -25.0% |
| Financial income | 75/76B | €102 | €2,091 | +€1,989 | +1953.9% |
| Recurring financial income | 75 | €102 | €2,091 | +€1,989 | +1953.9% |
| Financial charges | 65/66B | €1,030 | €949 | -€81 | -7.8% |
| Recurring financial charges | 65 | €1,030 | €949 | -€81 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €24,448 | €20,169 | -€4,279 | -17.5% |
| Income taxes | 67/77 | €5,383 | €4,905 | -€478 | -8.9% |
| Profit (loss) for the period | 9904 | €19,066 | €15,264 | -€3,801 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,066 | €15,264 | -€3,801 | -19.9% |
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 9 October 2026 via checked.be.