DEBOPHI: 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.
DEBOPHI
Largest movements
- Receivables within one year +€113,748
up €113,748 (+12.0%), from €950,834 to €1.1m
of which Trade receivables: +€58,226
- Tangible fixed assets -€110,639
down €110,639 (-5.9%), from €1.9m to €1.8m
- Reserves +€279,849
up €279,849 (+16.5%), from €1.7m to €2.0m
- Trade debts -€133,825
down €133,825 (-21.1%), from €633,098 to €499,272
- Other debts -€119,884
down €119,884 (-24.5%), from €488,478 to €368,594
- Accrued charges and deferred income -€37,902
no longer reported in 2025 (was €37,902)
- Gross operating margin -€23,466
down €23,466 (-4.6%), from €510,959 to €487,493
- Depreciation -€16,928
down €16,928 (-13.3%), from €127,566 to €110,639
- Financial charges -€10,038
down €10,038 (-74.4%), from €13,498 to €3,460
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 | €2,878,630 | €2,866,868 | -€11,762 | -0.4% |
| Fixed assets | 21/28 | €1,886,925 | €1,776,286 | -€110,639 | -5.9% |
| Tangible fixed assets | 22/27 | €1,886,925 | €1,776,286 | -€110,639 | -5.9% |
| Land and buildings | 22 | €1,886,925 | €1,776,286 | -€110,639 | -5.9% |
| Current assets | 29/58 | €991,705 | €1,090,581 | +€98,877 | +10.0% |
| Amounts receivable within one year | 40/41 | €950,834 | €1,064,583 | +€113,748 | +12.0% |
| Trade receivables | 40 | €36,702 | €94,928 | +€58,226 | +158.6% |
| Other amounts receivable | 41 | €914,133 | €969,655 | +€55,523 | +6.1% |
| Cash at bank and in hand | 54/58 | €37,885 | €22,001 | -€15,884 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,985 | €3,997 | +€1,012 | +33.9% |
| Total equity and liabilities | 10/49 | €2,878,630 | €2,866,868 | -€11,762 | -0.4% |
| Equity | 10/15 | €1,719,152 | €1,999,001 | +€279,849 | +16.3% |
| Contributions | 10/11 | €20,400 | €20,400 | = | 0.0% |
| Reserves | 13 | €1,698,752 | €1,978,601 | +€279,849 | +16.5% |
| Distributable reserves | 133 | €1,698,752 | €1,978,601 | +€279,849 | +16.5% |
| Amounts payable | 17/49 | €1,159,477 | €867,867 | -€291,611 | -25.2% |
| Amounts payable within one year | 42/48 | €1,121,575 | €867,867 | -€253,709 | -22.6% |
| Trade debts | 44 | €633,098 | €499,272 | -€133,825 | -21.1% |
| Suppliers | 440/4 | €633,098 | €499,272 | -€133,825 | -21.1% |
| Other amounts payable | 47/48 | €488,478 | €368,594 | -€119,884 | -24.5% |
| Accrued charges and deferred income | 492/3 | €37,902 | - | -€37,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,566 | €110,639 | -€16,928 | -13.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €510,959 | €487,493 | -€23,466 | -4.6% |
| Operating profit (loss) | 9901 | €382,425 | €375,856 | -€6,569 | -1.7% |
| Financial charges | 65/66B | €13,498 | €3,460 | -€10,038 | -74.4% |
| Recurring financial charges | 65 | €13,498 | €3,460 | -€10,038 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €368,927 | €372,396 | +€3,469 | +0.9% |
| Income taxes | 67/77 | €89,793 | €92,548 | +€2,755 | +3.1% |
| Profit (loss) for the period | 9904 | €279,134 | €279,849 | +€715 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €279,134 | €279,849 | +€715 | +0.3% |
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 8 October 2026 via checked.be.