DEBONDT: 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.
DEBONDT
Largest movements
- Cash -€225,835
down €225,835 (-67.0%), from €336,955 to €111,120
mainly Other debts (-€248,928) and Advances received (-€200,000)
- Receivables within one year -€99,198
down €99,198 (-23.5%), from €421,268 to €322,070
of which Trade receivables: -€199,734
- Tangible fixed assets -€46,857
down €46,857 (-1.9%), from €2.4m to €2.4m
of which Furniture and vehicles: -€40,738
- Other debts -€248,928
down €248,928 (-60.8%), from €409,247 to €160,319
- Profit (loss) carried forward +€237,979
up €237,979 (+12.5%), from €1.9m to €2.1m
- Advances received -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Debts after one year -€136,883
down €136,883 (-47.8%), from €286,283 to €149,400
- Taxes +€37,563
up €37,563 (+63.9%), from €58,806 to €96,369
- Staff costs -€30,806
down €30,806 (-13.3%), from €231,916 to €201,110
- Gross operating margin +€28,280
up €28,280 (+4.2%), from €673,057 to €701,338
- Other operating charges -€21,857
down €21,857 (-76.9%), from €28,418 to €6,560
- Financial charges -€13,995
down €13,995 (-29.1%), from €48,172 to €34,177
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 | €3,172,544 | €2,803,223 | -€369,321 | -11.6% |
| Fixed assets | 21/28 | €2,407,628 | €2,360,771 | -€46,857 | -1.9% |
| Tangible fixed assets | 22/27 | €2,407,628 | €2,360,771 | -€46,857 | -1.9% |
| Land and buildings | 22 | €2,209,185 | €2,212,557 | +€3,372 | +0.2% |
| Plant, machinery and equipment | 23 | €79,859 | €70,367 | -€9,492 | -11.9% |
| Furniture and vehicles | 24 | €118,584 | €77,847 | -€40,738 | -34.4% |
| Current assets | 29/58 | €764,916 | €442,452 | -€322,464 | -42.2% |
| Amounts receivable within one year | 40/41 | €421,268 | €322,070 | -€99,198 | -23.5% |
| Trade receivables | 40 | €260,000 | €60,266 | -€199,734 | -76.8% |
| Other amounts receivable | 41 | €161,268 | €261,804 | +€100,536 | +62.3% |
| Cash at bank and in hand | 54/58 | €336,955 | €111,120 | -€225,835 | -67.0% |
| Deferred charges and accrued income | 490/1 | €6,692 | €9,262 | +€2,569 | +38.4% |
| Total equity and liabilities | 10/49 | €3,172,544 | €2,803,223 | -€369,321 | -11.6% |
| Equity | 10/15 | €1,954,390 | €2,192,369 | +€237,979 | +12.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,899,390 | €2,137,369 | +€237,979 | +12.5% |
| Amounts payable | 17/49 | €1,218,154 | €610,854 | -€607,300 | -49.9% |
| Amounts payable after more than one year | 17 | €286,283 | €149,400 | -€136,883 | -47.8% |
| Financial debts | 170/4 | €286,283 | €149,400 | -€136,883 | -47.8% |
| Amounts payable within one year | 42/48 | €931,871 | €461,081 | -€470,790 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €206,452 | €192,501 | -€13,951 | -6.8% |
| Financial debts | 43 | €22 | €0 | -€22 | -100.0% |
| Credit institutions | 430/8 | €22 | €0 | -€22 | -100.0% |
| Trade debts | 44 | €5,780 | €3,581 | -€2,198 | -38.0% |
| Suppliers | 440/4 | €5,780 | €3,581 | -€2,198 | -38.0% |
| Advances received on contracts in progress | 46 | €200,000 | €0 | -€200,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €110,371 | €104,679 | -€5,692 | -5.2% |
| Taxes | 450/3 | €102,208 | €98,473 | -€3,735 | -3.7% |
| Remuneration and social security | 454/9 | €8,163 | €6,207 | -€1,957 | -24.0% |
| Other amounts payable | 47/48 | €409,247 | €160,319 | -€248,928 | -60.8% |
| Accrued charges and deferred income | 492/3 | - | €373 | +€373 | |
| Remuneration, social security and pensions | 62 | €231,916 | €201,110 | -€30,806 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,641 | €125,142 | -€10,499 | -7.7% |
| Other operating charges | 640/8 | €28,418 | €6,560 | -€21,857 | -76.9% |
| Gross operating margin | 9900 | €673,057 | €701,338 | +€28,280 | +4.2% |
| Operating profit (loss) | 9901 | €277,083 | €368,525 | +€91,443 | +33.0% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €48,172 | €34,177 | -€13,995 | -29.1% |
| Recurring financial charges | 65 | €48,172 | €34,177 | -€13,995 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €228,924 | €334,348 | +€105,424 | +46.1% |
| Income taxes | 67/77 | €58,806 | €96,369 | +€37,563 | +63.9% |
| Profit (loss) for the period | 9904 | €170,118 | €237,979 | +€67,861 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €170,118 | €237,979 | +€67,861 | +39.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.