DEBEVER: what changed
Two fiscal 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.
DEBEVER
Largest movements
- Cash -€160,763
down €160,763 (-60.3%), from €266,560 to €105,796
mainly Net result for the year (-€93,628) and Trade debts (-€90,075)
- Stocks and contracts -€70,567
down €70,567 (-3.5%), from €2.0m to €2.0m
of which Stocks: -€80,758
- Receivables within one year -€48,646
down €48,646 (-6.1%), from €791,258 to €742,612
of which Trade receivables: -€86,044
- Reserves -€93,628
down €93,628 (-4.6%), from €2.0m to €2.0m
of which Distributable reserves: -€93,628
- Trade debts -€90,075
down €90,075 (-22.6%), from €397,712 to €307,637
- Debts after one year -€83,086
down €83,086 (-23.7%), from €350,919 to €267,832
- Tax, wage and social debts -€33,048
down €33,048 (-22.7%), from €145,796 to €112,748
of which Remuneration and social security: -€29,571
- Gross operating margin -€346,640
down €346,640 (-21.9%), from €1.6m to €1.2m
- Staff costs -€261,801
down €261,801 (-16.9%), from €1.6m to €1.3m
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 | €3,230,804 | €2,923,869 | -€306,934 | -9.5% |
| Fixed assets | 21/28 | €100,934 | €84,611 | -€16,323 | -16.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €96,460 | €80,138 | -€16,323 | -16.9% |
| Land and buildings | 22 | €64,156 | €51,147 | -€13,009 | -20.3% |
| Plant, machinery and equipment | 23 | €5,531 | €7,636 | +€2,105 | +38.1% |
| Furniture and vehicles | 24 | €26,773 | €21,354 | -€5,419 | -20.2% |
| Financial fixed assets | 28 | €4,473 | €4,473 | = | 0.0% |
| Current assets | 29/58 | €3,129,870 | €2,839,258 | -€290,612 | -9.3% |
| Stocks and contracts in progress | 3 | €2,043,397 | €1,972,829 | -€70,567 | -3.5% |
| Stocks | 30/36 | €1,438,842 | €1,358,085 | -€80,758 | -5.6% |
| Contracts in progress | 37 | €604,554 | €614,745 | +€10,190 | +1.7% |
| Amounts receivable within one year | 40/41 | €791,258 | €742,612 | -€48,646 | -6.1% |
| Trade receivables | 40 | €587,546 | €501,502 | -€86,044 | -14.6% |
| Other amounts receivable | 41 | €203,712 | €241,110 | +€37,398 | +18.4% |
| Cash at bank and in hand | 54/58 | €266,560 | €105,796 | -€160,763 | -60.3% |
| Deferred charges and accrued income | 490/1 | €28,656 | €18,021 | -€10,635 | -37.1% |
| Total equity and liabilities | 10/49 | €3,230,804 | €2,923,869 | -€306,934 | -9.5% |
| Equity | 10/15 | €2,105,611 | €2,011,983 | -€93,628 | -4.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,043,638 | €1,950,010 | -€93,628 | -4.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,910 | €9,910 | = | 0.0% |
| Distributable reserves | 133 | €2,027,531 | €1,933,902 | -€93,628 | -4.6% |
| Amounts payable | 17/49 | €1,125,193 | €911,887 | -€213,306 | -19.0% |
| Amounts payable after more than one year | 17 | €350,919 | €267,832 | -€83,086 | -23.7% |
| Other amounts payable | 178/9 | €350,919 | €267,832 | -€83,086 | -23.7% |
| Amounts payable within one year | 42/48 | €774,274 | €644,054 | -€130,220 | -16.8% |
| Financial debts | 43 | €124,000 | €124,000 | = | 0.0% |
| Credit institutions | 430/8 | €124,000 | €124,000 | = | 0.0% |
| Trade debts | 44 | €397,712 | €307,637 | -€90,075 | -22.6% |
| Suppliers | 440/4 | €397,712 | €307,637 | -€90,075 | -22.6% |
| Advances received on contracts in progress | 46 | €900 | €1,500 | +€600 | +66.7% |
| Taxes, remuneration and social security | 45 | €145,796 | €112,748 | -€33,048 | -22.7% |
| Taxes | 450/3 | €20,185 | €16,707 | -€3,477 | -17.2% |
| Remuneration and social security | 454/9 | €125,611 | €96,040 | -€29,571 | -23.5% |
| Other amounts payable | 47/48 | €105,866 | €98,169 | -€7,697 | -7.3% |
| Non-recurring operating income | 76A | €8,700 | €6,325 | -€2,375 | -27.3% |
| Remuneration, social security and pensions | 62 | €1,553,524 | €1,291,722 | -€261,801 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,821 | €26,428 | -€4,394 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€743 | €0 | +€743 | |
| Other operating charges | 640/8 | €7,084 | €6,146 | -€937 | -13.2% |
| Gross operating margin | 9900 | €1,585,268 | €1,238,629 | -€346,640 | -21.9% |
| Operating profit (loss) | 9901 | -€5,417 | -€85,668 | -€80,251 | -1481.5% |
| Financial income | 75/76B | €15,834 | €16,184 | +€350 | +2.2% |
| Recurring financial income | 75 | €15,834 | €16,184 | +€350 | +2.2% |
| Financial charges | 65/66B | €34,937 | €23,456 | -€11,481 | -32.9% |
| Recurring financial charges | 65 | €34,937 | €23,456 | -€11,481 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,519 | -€92,940 | -€68,421 | -279.1% |
| Income taxes | 67/77 | €829 | €688 | -€141 | -17.0% |
| Profit (loss) for the period | 9904 | -€25,348 | -€93,628 | -€68,280 | -269.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,348 | -€93,628 | -€68,280 | -269.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.