Debo: 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.
Debo
Largest movements
- Tangible fixed assets -€69,169
down €69,169 (-3.7%), from €1.9m to €1.8m
of which Land and buildings: -€68,653
- Cash +€30,359
up €30,359 (+22.0%), from €137,694 to €168,053
mainly Depreciation (+€69,169) and Net result for the year (+€4,433)
- Debts after one year -€23,253
down €23,253 (-8.2%), from €282,267 to €259,014
of which Financial debts: -€16,667
- Gross operating margin +€11,727
up €11,727 (+11.3%), from €103,725 to €115,452
- Taxes +€5,743
up €5,743 (+59.2%), from €9,707 to €15,450
- Financial charges -€5,489
down €5,489 (-19.9%), from €27,589 to €22,100
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 | €2,031,788 | €1,992,165 | -€39,623 | -2.0% |
| Fixed assets | 21/28 | €1,890,224 | €1,821,055 | -€69,169 | -3.7% |
| Tangible fixed assets | 22/27 | €1,890,224 | €1,821,055 | -€69,169 | -3.7% |
| Land and buildings | 22 | €1,889,708 | €1,821,055 | -€68,653 | -3.6% |
| Plant, machinery and equipment | 23 | €516 | - | -€516 | |
| Current assets | 29/58 | €141,564 | €171,110 | +€29,546 | +20.9% |
| Amounts receivable within one year | 40/41 | €507 | - | -€507 | |
| Other amounts receivable | 41 | €507 | - | -€507 | |
| Cash at bank and in hand | 54/58 | €137,694 | €168,053 | +€30,359 | +22.0% |
| Deferred charges and accrued income | 490/1 | €3,362 | €3,057 | -€305 | -9.1% |
| Total equity and liabilities | 10/49 | €2,031,788 | €1,992,165 | -€39,623 | -2.0% |
| Equity | 10/15 | €1,501,927 | €1,506,360 | +€4,433 | +0.3% |
| Contributions | 10/11 | €666,958 | €666,958 | = | 0.0% |
| Capital | 10 | €666,958 | €666,958 | = | 0.0% |
| Issued capital | 100 | €666,958 | €666,958 | = | 0.0% |
| Reserves | 13 | €834,970 | €839,402 | +€4,433 | +0.5% |
| Non-distributable reserves | 130/1 | €66,696 | €66,696 | = | 0.0% |
| Legal reserve | 130 | €66,696 | €66,696 | = | 0.0% |
| Tax-exempt reserves | 132 | €513,302 | €484,629 | -€28,674 | -5.6% |
| Distributable reserves | 133 | €254,971 | €288,078 | +€33,106 | +13.0% |
| Provisions and deferred taxes | 16 | €171,101 | €161,543 | -€9,558 | -5.6% |
| Deferred taxes | 168 | €171,101 | €161,543 | -€9,558 | -5.6% |
| Amounts payable | 17/49 | €358,760 | €324,262 | -€34,498 | -9.6% |
| Amounts payable after more than one year | 17 | €282,267 | €259,014 | -€23,253 | -8.2% |
| Financial debts | 170/4 | €33,335 | €16,668 | -€16,667 | -50.0% |
| Other amounts payable | 178/9 | €248,932 | €242,346 | -€6,586 | -2.6% |
| Amounts payable within one year | 42/48 | €74,073 | €65,248 | -€8,825 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €1,927 | €2,468 | +€541 | +28.1% |
| Suppliers | 440/4 | €1,927 | €2,468 | +€541 | +28.1% |
| Taxes, remuneration and social security | 45 | €7,645 | €11,406 | +€3,761 | +49.2% |
| Taxes | 450/3 | €7,645 | €11,406 | +€3,761 | +49.2% |
| Other amounts payable | 47/48 | €47,835 | €34,707 | -€13,128 | -27.4% |
| Accrued charges and deferred income | 492/3 | €2,420 | - | -€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,221 | €69,169 | -€1,052 | -1.5% |
| Other operating charges | 640/8 | €14,353 | €14,481 | +€128 | +0.9% |
| Gross operating margin | 9900 | €103,725 | €115,452 | +€11,727 | +11.3% |
| Operating profit (loss) | 9901 | €19,151 | €31,802 | +€12,651 | +66.1% |
| Financial income | 75/76B | €714 | €623 | -€91 | -12.8% |
| Recurring financial income | 75 | €714 | €623 | -€91 | -12.8% |
| Financial charges | 65/66B | €27,589 | €22,100 | -€5,489 | -19.9% |
| Recurring financial charges | 65 | €27,589 | €22,100 | -€5,489 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,725 | €10,324 | +€18,049 | |
| Transfer from deferred taxes | 780 | €9,558 | €9,558 | = | 0.0% |
| Income taxes | 67/77 | €9,707 | €15,450 | +€5,743 | +59.2% |
| Profit (loss) for the period | 9904 | -€7,874 | €4,433 | +€12,306 | |
| Transfer from tax-exempt reserves | 789 | €28,674 | €28,674 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,800 | €33,106 | +€12,306 | +59.2% |
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.