DEBELS O.: 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.
DEBELS O.
Largest movements
- Receivables after one year -€25,000
down €25,000 (-21.6%), from €115,591 to €90,591
- Cash -€5,896
down €5,896 (-33.2%), from €17,778 to €11,882
mainly Contributions, distributions and other (-€27,423) and Receivables within one year (-€3,684)
- Receivables within one year +€3,684
up €3,684 (+7.3%), from €50,587 to €54,271
of which Trade receivables: +€6,398
- Reserves -€30,428
down €30,428 (-30.3%), from €100,411 to €69,983
of which Distributable reserves: -€30,428
- Gross operating margin +€14,476
up €14,476 (+78.1%), from -€18,532 to -€4,057
- Taxes +€1,375
up €1,375, from €0 to €1,375
- Depreciation -€350
down €350 (-75.1%), from €466 to €116
- Financial income -€346
down €346 (-5.9%), from €5,837 to €5,491
- Other operating charges +€238
up €238 (+25.0%), from €952 to €1,189
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 | €233,027 | €205,739 | -€27,288 | -11.7% |
| Fixed assets | 21/28 | €48,450 | €48,333 | -€116 | -0.2% |
| Tangible fixed assets | 22/27 | €116 | €0 | -€116 | -100.0% |
| Furniture and vehicles | 24 | €116 | €0 | -€116 | -100.0% |
| Financial fixed assets | 28 | €48,333 | €48,333 | = | 0.0% |
| Current assets | 29/58 | €184,578 | €157,406 | -€27,172 | -14.7% |
| Amounts receivable after more than one year | 29 | €115,591 | €90,591 | -€25,000 | -21.6% |
| Other amounts receivable | 291 | €115,591 | €90,591 | -€25,000 | -21.6% |
| Amounts receivable within one year | 40/41 | €50,587 | €54,271 | +€3,684 | +7.3% |
| Trade receivables | 40 | €47,833 | €54,231 | +€6,398 | +13.4% |
| Other amounts receivable | 41 | €2,754 | €40 | -€2,714 | -98.5% |
| Cash at bank and in hand | 54/58 | €17,778 | €11,882 | -€5,896 | -33.2% |
| Deferred charges and accrued income | 490/1 | €621 | €662 | +€41 | +6.5% |
| Total equity and liabilities | 10/49 | €233,027 | €205,739 | -€27,288 | -11.7% |
| Equity | 10/15 | €120,411 | €89,983 | -€30,428 | -25.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €100,411 | €69,983 | -€30,428 | -30.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €98,411 | €67,983 | -€30,428 | -30.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,616 | €115,756 | +€3,140 | +2.8% |
| Amounts payable within one year | 42/48 | €111,406 | €114,849 | +€3,443 | +3.1% |
| Trade debts | 44 | €94,067 | €96,035 | +€1,969 | +2.1% |
| Suppliers | 440/4 | €94,067 | €96,035 | +€1,969 | +2.1% |
| Taxes, remuneration and social security | 45 | €1,026 | €1,712 | +€687 | +67.0% |
| Taxes | 450/3 | €1,026 | €1,712 | +€687 | +67.0% |
| Other amounts payable | 47/48 | €16,314 | €17,101 | +€787 | +4.8% |
| Accrued charges and deferred income | 492/3 | €1,210 | €908 | -€303 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €116 | -€350 | -75.1% |
| Other operating charges | 640/8 | €952 | €1,189 | +€238 | +25.0% |
| Gross operating margin | 9900 | -€18,532 | -€4,057 | +€14,476 | +78.1% |
| Operating profit (loss) | 9901 | -€19,951 | -€5,362 | +€14,588 | +73.1% |
| Financial income | 75/76B | €5,837 | €5,491 | -€346 | -5.9% |
| Recurring financial income | 75 | €5,837 | €5,491 | -€346 | -5.9% |
| Financial charges | 65/66B | €1,966 | €1,760 | -€206 | -10.5% |
| Recurring financial charges | 65 | €1,966 | €1,760 | -€206 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,080 | -€1,631 | +€14,449 | +89.9% |
| Income taxes | 67/77 | €0 | €1,375 | +€1,375 | |
| Profit (loss) for the period | 9904 | -€16,080 | -€3,006 | +€13,074 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,080 | -€3,006 | +€13,074 | +81.3% |
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.