DEBINVEST: what changed
What changed
DEBINVEST
filed annual accounts (NBB)
Net result for the year
€654,287
2024 · -€431,237+€1.1m
Equity
€4.4m
2024 · €4.8m-€341,285
Cash
€925,317
2024 · €25,921+€899,396
Balance sheet total
€21.3m
2024 · €22.1m-€806,812
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-6.5%), from €20.8m to €19.4m
of which Land and buildings: -€1.4m
- Cash +€899,396
up €899,396 (+3,470%), from €25,921 to €925,317
mainly Depreciation (+€1.0m) and Net result for the year (+€654,287)
- Receivables within one year -€344,987
down €344,987 (-50.4%), from €684,027 to €339,039
of which Other amounts receivable: -€344,987
Equity and liabilities
- Revaluation surpluses -€995,572
down €995,572 (-27.9%), from €3.6m to €2.6m
- Debts after one year -€669,388
down €669,388 (-4.3%), from €15.6m to €15.0m
- Reserves +€639,074
up €639,074 (+36.9%), from €1.7m to €2.4m
Income statement
- Gross operating margin +€857,076
up €857,076 (+57.5%), from €1.5m to €2.3m
- Other operating charges -€333,990
down €333,990 (-74.4%), from €448,913 to €114,923
- Write-downs -€55,010
new in 2025: -€55,010
- Financial charges -€39,727
down €39,727 (-8.6%), from €462,617 to €422,890
- Depreciation -€25,425
down €25,425 (-2.4%), from €1.0m to €1.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€431,237
Gross operating margin
+€857,076
Depreciation
+€25,425
Write-downs
+€55,010
Other operating charges
+€333,990
Financial income
+€1,956
Financial charges
+€39,727
Taxes
+€1,404
Deferred taxes and other
-€229,066
Result 2025
€654,287
raises the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.2m
Investment
+€346,258
Financing
-€1.7m
Cash 2024
€25,921
From operations (derived)
+€2.2m
Net result for the year
+€654,287
Depreciation
+€1.0m
Receivables after one year
-€6,204
Receivables within one year
+€344,987
Provisions
+€213,024
Trade debts
-€24,282
Tax, wage and social debts
-€11,197
Other debts
+€52,943
Investment (derived)
+€346,258
Investment in fixed assets (net)
+€346,258
Financing
-€1.7m
Debts after one year
-€669,388
Current portion of long-term debt
-€26,628
Contributions, distributions and other
-€995,572
Cash 2025
€925,317
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,081,298 | €21,274,486 | -€806,812 | -3.7% |
| Formation expenses | 20 | €56,911 | €47,425 | -€9,485 | -16.7% |
| Fixed assets | 21/28 | €20,754,260 | €19,396,321 | -€1.4m | -6.5% |
| Tangible fixed assets | 22/27 | €20,753,665 | €19,395,726 | -€1.4m | -6.5% |
| Land and buildings | 22 | €20,752,924 | €19,395,287 | -€1.4m | -6.5% |
| Plant, machinery and equipment | 23 | €741 | €439 | -€302 | -40.8% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €1,270,128 | €1,830,740 | +€560,613 | +44.1% |
| Amounts receivable after more than one year | 29 | €310,176 | €316,380 | +€6,204 | +2.0% |
| Other amounts receivable | 291 | €310,176 | €316,380 | +€6,204 | +2.0% |
| Amounts receivable within one year | 40/41 | €684,027 | €339,039 | -€344,987 | -50.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €684,027 | €339,039 | -€344,987 | -50.4% |
| Current investments | 50/53 | €250,004 | €250,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,921 | €925,317 | +€899,396 | +3,470% |
| Total equity and liabilities | 10/49 | €22,081,298 | €21,274,486 | -€806,812 | -3.7% |
| Equity | 10/15 | €4,755,341 | €4,414,056 | -€341,285 | -7.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €3,568,822 | €2,573,251 | -€995,572 | -27.9% |
| Reserves | 13 | €1,732,235 | €2,371,309 | +€639,074 | +36.9% |
| Tax-exempt reserves | 132 | €1,732,235 | €2,371,309 | +€639,074 | +36.9% |
| Profit (loss) carried forward | 14 | -€607,216 | -€592,003 | +€15,213 | +2.5% |
| Provisions and deferred taxes | 16 | €584,146 | €797,171 | +€213,024 | +36.5% |
| Deferred taxes | 168 | €584,146 | €797,171 | +€213,024 | +36.5% |
| Amounts payable | 17/49 | €16,741,811 | €16,063,260 | -€678,551 | -4.1% |
| Amounts payable after more than one year | 17 | €15,645,670 | €14,976,282 | -€669,388 | -4.3% |
| Financial debts | 170/4 | €15,645,670 | €14,976,282 | -€669,388 | -4.3% |
| Amounts payable within one year | 42/48 | €1,096,142 | €1,086,978 | -€9,164 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €765,005 | €738,378 | -€26,628 | -3.5% |
| Trade debts | 44 | €45,855 | €21,573 | -€24,282 | -53.0% |
| Suppliers | 440/4 | €45,855 | €21,573 | -€24,282 | -53.0% |
| Taxes, remuneration and social security | 45 | €11,612 | €415 | -€11,197 | -96.4% |
| Taxes | 450/3 | €11,612 | €415 | -€11,197 | -96.4% |
| Other amounts payable | 47/48 | €273,669 | €326,612 | +€52,943 | +19.3% |
| Non-recurring operating income | 76A | €193,815 | €1,368,755 | +€1.2m | +606% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046,591 | €1,021,166 | -€25,425 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€55,010 | -€55,010 | |
| Other operating charges | 640/8 | €448,913 | €114,923 | -€333,990 | -74.4% |
| Gross operating margin | 9900 | €1,489,934 | €2,347,010 | +€857,076 | +57.5% |
| Operating profit (loss) | 9901 | -€5,571 | €1,265,931 | +€1.3m | |
| Financial income | 75/76B | €22,541 | €24,497 | +€1,956 | +8.7% |
| Recurring financial income | 75 | €22,541 | €24,497 | +€1,956 | +8.7% |
| Financial charges | 65/66B | €462,617 | €422,890 | -€39,727 | -8.6% |
| Recurring financial charges | 65 | €462,617 | €422,890 | -€39,727 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€445,647 | €867,539 | +€1.3m | |
| Transfer from deferred taxes | 780 | €16,042 | €36,465 | +€20,423 | +127% |
| Transfer to deferred taxes | 680 | - | €249,489 | +€249,489 | |
| Income taxes | 67/77 | €1,632 | €227 | -€1,404 | -86.1% |
| Profit (loss) for the period | 9904 | -€431,237 | €654,287 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €48,126 | €106,671 | +€58,545 | +122% |
| Transfer to tax-exempt reserves | 689 | - | €745,745 | +€745,745 | |
| Profit (loss) for the period to be appropriated | 9905 | -€383,111 | €15,213 | +€398,324 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.