DEBIWORK: 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.
DEBIWORK
Largest movements
- Tangible fixed assets +€815,045
up €815,045 (+2,443%), from €33,365 to €848,410
of which Plant, machinery and equipment: +€682,840
- Receivables within one year +€552,600
up €552,600 (+167%), from €331,209 to €883,809
of which Trade receivables: +€542,266
- Cash +€178,551
up €178,551 (+613%), from €29,150 to €207,701
mainly Debts after one year (+€484,178) and Trade debts (+€470,637)
- Stocks and contracts +€34,281
new in 2025: €34,281
- Debts after one year +€484,178
up €484,178 (+1,928%), from €25,119 to €509,297
- Trade debts +€470,637
up €470,637 (+342%), from €137,739 to €608,376
- Other debts +€319,779
up €319,779 (+6,125%), from €5,221 to €325,000
- Short-term financial debts +€259,278
new in 2025: €259,278
- Tax, wage and social debts +€70,884
up €70,884 (+201%), from €35,221 to €106,105
of which Taxes: +€86,272
- Gross operating margin +€410,095
up €410,095 (+168%), from €244,007 to €654,102
- Staff costs +€244,010
up €244,010 (+110%), from €221,548 to €465,558
- Write-downs +€104,503
new in 2025: €104,503
- Depreciation +€80,270
up €80,270 (+378%), from €21,248 to €101,518
- Financial charges +€19,226
up €19,226 (+574%), from €3,348 to €22,574
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.
Derived cash bridge
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 | €398,877 | €1,985,446 | +€1.6m | +398% |
| Fixed assets | 21/28 | €33,365 | €848,410 | +€815,045 | +2,443% |
| Tangible fixed assets | 22/27 | €33,365 | €848,410 | +€815,045 | +2,443% |
| Plant, machinery and equipment | 23 | €10,593 | €693,433 | +€682,840 | +6,446% |
| Furniture and vehicles | 24 | €22,772 | €11,770 | -€11,002 | -48.3% |
| Leasing and similar rights | 25 | - | €143,207 | +€143,207 | |
| Current assets | 29/58 | €365,512 | €1,137,036 | +€771,524 | +211% |
| Stocks and contracts in progress | 3 | - | €34,281 | +€34,281 | |
| Contracts in progress | 37 | - | €34,281 | +€34,281 | |
| Amounts receivable within one year | 40/41 | €331,209 | €883,809 | +€552,600 | +167% |
| Trade receivables | 40 | €329,892 | €872,158 | +€542,266 | +164% |
| Other amounts receivable | 41 | €1,317 | €11,651 | +€10,334 | +785% |
| Cash at bank and in hand | 54/58 | €29,150 | €207,701 | +€178,551 | +613% |
| Deferred charges and accrued income | 490/1 | €5,153 | €11,245 | +€6,092 | +118% |
| Total equity and liabilities | 10/49 | €398,877 | €1,985,446 | +€1.6m | +398% |
| Equity | 10/15 | €161,620 | €122,863 | -€38,757 | -24.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,620 | €107,863 | -€38,757 | -26.4% |
| Amounts payable | 17/49 | €237,257 | €1,862,583 | +€1.6m | +685% |
| Amounts payable after more than one year | 17 | €25,119 | €509,297 | +€484,178 | +1,928% |
| Financial debts | 170/4 | €25,119 | €509,297 | +€484,178 | +1,928% |
| Amounts payable within one year | 42/48 | €212,138 | €1,353,086 | +€1.1m | +538% |
| Current portion of amounts payable after more than one year | 42 | €33,957 | €54,258 | +€20,301 | +59.8% |
| Financial debts | 43 | - | €259,278 | +€259,278 | |
| Credit institutions | 430/8 | - | €259,278 | +€259,278 | |
| Trade debts | 44 | €137,739 | €608,376 | +€470,637 | +342% |
| Suppliers | 440/4 | €137,739 | €608,376 | +€470,637 | +342% |
| Advances received on contracts in progress | 46 | - | €69 | +€69 | |
| Taxes, remuneration and social security | 45 | €35,221 | €106,105 | +€70,884 | +201% |
| Taxes | 450/3 | €17,223 | €103,495 | +€86,272 | +501% |
| Remuneration and social security | 454/9 | €17,998 | €2,610 | -€15,388 | -85.5% |
| Other amounts payable | 47/48 | €5,221 | €325,000 | +€319,779 | +6,125% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Non-recurring operating income | 76A | €1,139 | €1,652 | +€513 | +45.0% |
| Remuneration, social security and pensions | 62 | €221,548 | €465,558 | +€244,010 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,248 | €101,518 | +€80,270 | +378% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €104,503 | +€104,503 | |
| Other operating charges | 640/8 | €3,865 | €1,256 | -€2,609 | -67.5% |
| Non-recurring operating charges | 66A | - | €8,737 | +€8,737 | |
| Gross operating margin | 9900 | €244,007 | €654,102 | +€410,095 | +168% |
| Operating profit (loss) | 9901 | -€2,654 | -€27,470 | -€24,816 | -935% |
| Financial income | 75/76B | €3 | €11,287 | +€11,284 | +376,133% |
| Recurring financial income | 75 | €3 | €11,287 | +€11,284 | +376,133% |
| Financial charges | 65/66B | €3,348 | €22,574 | +€19,226 | +574% |
| Recurring financial charges | 65 | €3,348 | €22,574 | +€19,226 | +574% |
| Profit (loss) for the period before taxes | 9903 | -€5,999 | -€38,757 | -€32,758 | -546% |
| Income taxes | 67/77 | €20 | - | -€20 | |
| Profit (loss) for the period | 9904 | -€6,019 | -€38,757 | -€32,738 | -544% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,019 | -€38,757 | -€32,738 | -544% |
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 16 October 2026 via checked.be.