DEBOVA: 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.
DEBOVA
Largest movements
- Tangible fixed assets +€42,362
up €42,362 (+23.5%), from €179,908 to €222,271
of which Land and buildings: +€43,914
- Cash -€27,121
down €27,121 (-20.2%), from €134,077 to €106,956
mainly Investment in fixed assets (net) (-€49,683) and Debts after one year (-€14,300)
- Receivables within one year +€7,005
up €7,005 (+29.5%), from €23,766 to €30,771
of which Other amounts receivable: +€7,567
- Reserves +€36,400
up €36,400 (+19.2%), from €189,700 to €226,100
- Debts after one year -€14,300
down €14,300 (-41.1%), from €34,766 to €20,467
- Other debts +€5,872
up €5,872 (+36.5%), from €16,090 to €21,963
- Tax, wage and social debts -€4,616
down €4,616 (-38.6%), from €11,953 to €7,337
- Gross operating margin -€15,338
down €15,338 (-18.8%), from €81,570 to €66,232
- Taxes -€4,904
down €4,904 (-21.9%), from €22,389 to €17,485
- Depreciation +€1,027
up €1,027 (+16.3%), from €6,294 to €7,321
- Financial charges -€981
down €981 (-21.3%), from €4,608 to €3,627
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 | €354,646 | €376,683 | +€22,037 | +6.2% |
| Fixed assets | 21/28 | €194,139 | €236,502 | +€42,362 | +21.8% |
| Tangible fixed assets | 22/27 | €179,908 | €222,271 | +€42,362 | +23.5% |
| Land and buildings | 22 | €170,083 | €213,997 | +€43,914 | +25.8% |
| Plant, machinery and equipment | 23 | €7,540 | €6,448 | -€1,092 | -14.5% |
| Furniture and vehicles | 24 | €2,286 | €1,826 | -€460 | -20.1% |
| Financial fixed assets | 28 | €14,231 | €14,231 | = | 0.0% |
| Current assets | 29/58 | €160,506 | €140,181 | -€20,325 | -12.7% |
| Amounts receivable within one year | 40/41 | €23,766 | €30,771 | +€7,005 | +29.5% |
| Trade receivables | 40 | €23,761 | €23,200 | -€561 | -2.4% |
| Other amounts receivable | 41 | €4 | €7,571 | +€7,567 | +170,034% |
| Cash at bank and in hand | 54/58 | €134,077 | €106,956 | -€27,121 | -20.2% |
| Deferred charges and accrued income | 490/1 | €2,663 | €2,454 | -€209 | -7.8% |
| Total equity and liabilities | 10/49 | €354,646 | €376,683 | +€22,037 | +6.2% |
| Equity | 10/15 | €263,648 | €298,252 | +€34,604 | +13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €189,700 | €226,100 | +€36,400 | +19.2% |
| Distributable reserves | 133 | €189,700 | €226,100 | +€36,400 | +19.2% |
| Profit (loss) carried forward | 14 | €53,948 | €52,152 | -€1,796 | -3.3% |
| Amounts payable | 17/49 | €90,998 | €78,431 | -€12,567 | -13.8% |
| Amounts payable after more than one year | 17 | €34,766 | €20,467 | -€14,300 | -41.1% |
| Financial debts | 170/4 | €34,766 | €20,467 | -€14,300 | -41.1% |
| Amounts payable within one year | 42/48 | €56,232 | €57,965 | +€1,733 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €27,458 | €28,300 | +€842 | +3.1% |
| Trade debts | 44 | €731 | €365 | -€365 | -50.0% |
| Suppliers | 440/4 | €731 | €365 | -€365 | -50.0% |
| Taxes, remuneration and social security | 45 | €11,953 | €7,337 | -€4,616 | -38.6% |
| Taxes | 450/3 | €11,953 | €7,337 | -€4,616 | -38.6% |
| Other amounts payable | 47/48 | €16,090 | €21,963 | +€5,872 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,294 | €7,321 | +€1,027 | +16.3% |
| Other operating charges | 640/8 | €1,458 | €1,582 | +€124 | +8.5% |
| Gross operating margin | 9900 | €81,570 | €66,232 | -€15,338 | -18.8% |
| Operating profit (loss) | 9901 | €73,818 | €57,329 | -€16,489 | -22.3% |
| Financial income | 75/76B | €97 | €186 | +€89 | +91.1% |
| Recurring financial income | 75 | €97 | €186 | +€89 | +91.1% |
| Financial charges | 65/66B | €4,608 | €3,627 | -€981 | -21.3% |
| Recurring financial charges | 65 | €4,608 | €3,627 | -€981 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €69,308 | €53,889 | -€15,419 | -22.2% |
| Income taxes | 67/77 | €22,389 | €17,485 | -€4,904 | -21.9% |
| Profit (loss) for the period | 9904 | €46,918 | €36,404 | -€10,514 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,918 | €36,404 | -€10,514 | -22.4% |
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 13 October 2026 via checked.be.