DEBO: 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.
DEBO
Largest movements
- Stocks and contracts -€24,741
down €24,741 (-91.2%), from €27,116 to €2,375
of which Contracts in progress: -€22,366
- Tangible fixed assets +€15,914
up €15,914 (+68.0%), from €23,419 to €39,332
of which Furniture and vehicles: +€15,920
- Cash +€14,750
up €14,750 (+18.3%), from €80,792 to €95,543
mainly Stocks and contracts (+€24,741) and Net result for the year (+€23,349)
- Receivables within one year +€13,440
up €13,440 (+41.9%), from €32,113 to €45,553
of which Trade receivables: +€17,775
- Deferred charges and accrued income -€2,817
down €2,817 (-40.5%), from €6,953 to €4,136
- Other debts +€19,889
up €19,889 (+35.7%), from €55,777 to €75,667
- Trade debts -€13,092
down €13,092 (-71.0%), from €18,428 to €5,336
- Reserves +€5,094
up €5,094 (+14.6%), from €34,992 to €40,086
of which Distributable reserves: +€5,094
- Tax, wage and social debts +€3,862
up €3,862 (+22.2%), from €17,367 to €21,229
of which Taxes: +€3,822
- Gross operating margin +€27,258
up €27,258 (+95.3%), from €28,596 to €55,854
- Taxes +€9,870
up €9,870 (+634.0%), from €1,557 to €11,427
- Other operating charges -€6,245
down €6,245 (-63.1%), from €9,896 to €3,651
- Write-downs -€4,414
down €4,414 (-94.1%), from €4,692 to €278
- Financial charges +€3,958
up €3,958 (+653.9%), from €605 to €4,564
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 | €170,393 | €186,939 | +€16,546 | +9.7% |
| Fixed assets | 21/28 | €23,419 | €39,332 | +€15,914 | +68.0% |
| Tangible fixed assets | 22/27 | €23,419 | €39,332 | +€15,914 | +68.0% |
| Plant, machinery and equipment | 23 | €6 | - | -€6 | |
| Furniture and vehicles | 24 | €23,412 | €39,332 | +€15,920 | +68.0% |
| Current assets | 29/58 | €146,975 | €147,607 | +€632 | +0.4% |
| Stocks and contracts in progress | 3 | €27,116 | €2,375 | -€24,741 | -91.2% |
| Stocks | 30/36 | €4,750 | €2,375 | -€2,375 | -50.0% |
| Contracts in progress | 37 | €22,366 | - | -€22,366 | |
| Amounts receivable within one year | 40/41 | €32,113 | €45,553 | +€13,440 | +41.9% |
| Trade receivables | 40 | €15,919 | €33,694 | +€17,775 | +111.7% |
| Other amounts receivable | 41 | €16,194 | €11,859 | -€4,336 | -26.8% |
| Cash at bank and in hand | 54/58 | €80,792 | €95,543 | +€14,750 | +18.3% |
| Deferred charges and accrued income | 490/1 | €6,953 | €4,136 | -€2,817 | -40.5% |
| Total equity and liabilities | 10/49 | €170,393 | €186,939 | +€16,546 | +9.7% |
| Equity | 10/15 | €76,475 | €81,569 | +€5,094 | +6.7% |
| Contributions | 10/11 | €54,574 | €54,574 | = | 0.0% |
| Reserves | 13 | €34,992 | €40,086 | +€5,094 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,132 | €38,226 | +€5,094 | +15.4% |
| Profit (loss) carried forward | 14 | -€13,091 | -€13,091 | = | 0.0% |
| Amounts payable | 17/49 | €93,918 | €105,370 | +€11,452 | +12.2% |
| Amounts payable within one year | 42/48 | €93,879 | €105,370 | +€11,492 | +12.2% |
| Financial debts | 43 | €2,306 | €3,138 | +€832 | +36.1% |
| Credit institutions | 430/8 | €2,306 | €3,138 | +€832 | +36.1% |
| Trade debts | 44 | €18,428 | €5,336 | -€13,092 | -71.0% |
| Suppliers | 440/4 | €18,428 | €5,336 | -€13,092 | -71.0% |
| Taxes, remuneration and social security | 45 | €17,367 | €21,229 | +€3,862 | +22.2% |
| Taxes | 450/3 | - | €3,822 | +€3,822 | |
| Remuneration and social security | 454/9 | €17,367 | €17,407 | +€40 | +0.2% |
| Other amounts payable | 47/48 | €55,777 | €75,667 | +€19,889 | +35.7% |
| Accrued charges and deferred income | 492/3 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,043 | €12,586 | +€2,543 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,692 | €278 | -€4,414 | -94.1% |
| Other operating charges | 640/8 | €9,896 | €3,651 | -€6,245 | -63.1% |
| Gross operating margin | 9900 | €28,596 | €55,854 | +€27,258 | +95.3% |
| Operating profit (loss) | 9901 | €3,965 | €39,338 | +€35,373 | +892.2% |
| Financial income | 75/76B | €201 | €1 | -€200 | -99.3% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +31.8% |
| Non-recurring financial income | 76B | €200 | - | -€200 | |
| Financial charges | 65/66B | €605 | €4,564 | +€3,958 | +653.9% |
| Recurring financial charges | 65 | €605 | €4,564 | +€3,958 | +653.9% |
| Profit (loss) for the period before taxes | 9903 | €3,560 | €34,776 | +€31,215 | +876.7% |
| Income taxes | 67/77 | €1,557 | €11,427 | +€9,870 | +634.0% |
| Profit (loss) for the period | 9904 | €2,004 | €23,349 | +€21,345 | +1065.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,004 | €23,349 | +€21,345 | +1065.4% |
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 3 October 2026 via checked.be.