DEBRAKO: 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.
DEBRAKO
Largest movements
- Cash -€6.4m
down €6.4m (-94.7%), from €6.8m to €358,981
mainly Current investments (-€5.9m) and Investment in fixed assets (net) (-€1.0m)
- Current investments +€5.9m
new in 2025: €5.9m
- Financial fixed assets +€999,500
up €999,500 (+120.6%), from €828,974 to €1.8m
- Short-term financial debts +€1.0m
new in 2025: €1.0m
- Tax, wage and social debts -€595,472
down €595,472 (-93.8%), from €634,885 to €39,413
- Financial income -€6.6m
down €6.6m (-99.3%), from €6.7m to €48,065
- Taxes -€544,892
down €544,892 (-89.3%), from €610,000 to €65,108
- Gross operating margin +€236,776
up €236,776 (+353.3%), from €67,014 to €303,790
- Depreciation +€40,098
up €40,098 (+137.4%), from €29,188 to €69,286
- Financial charges +€33,778
up €33,778 (+599.5%), from €5,634 to €39,412
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,180,270 | €8,561,104 | +€380,834 | +4.7% |
| Fixed assets | 21/28 | €1,263,873 | €2,207,703 | +€943,830 | +74.7% |
| Tangible fixed assets | 22/27 | €434,899 | €379,229 | -€55,670 | -12.8% |
| Land and buildings | 22 | €263,307 | €228,875 | -€34,432 | -13.1% |
| Plant, machinery and equipment | 23 | €10,116 | €13,203 | +€3,087 | +30.5% |
| Furniture and vehicles | 24 | €92,679 | €78,545 | -€14,134 | -15.3% |
| Other tangible fixed assets | 26 | €68,797 | €58,606 | -€10,191 | -14.8% |
| Financial fixed assets | 28 | €828,974 | €1,828,474 | +€999,500 | +120.6% |
| Current assets | 29/58 | €6,916,397 | €6,353,401 | -€562,996 | -8.1% |
| Amounts receivable within one year | 40/41 | €161,382 | €95,555 | -€65,827 | -40.8% |
| Trade receivables | 40 | €161,132 | €95,555 | -€65,577 | -40.7% |
| Other amounts receivable | 41 | €250 | €0 | -€250 | -100.0% |
| Current investments | 50/53 | - | €5,898,575 | +€5.9m | |
| Cash at bank and in hand | 54/58 | €6,751,348 | €358,981 | -€6.4m | -94.7% |
| Deferred charges and accrued income | 490/1 | €3,667 | €290 | -€3,377 | -92.1% |
| Total equity and liabilities | 10/49 | €8,180,270 | €8,561,104 | +€380,834 | +4.7% |
| Equity | 10/15 | €7,500,997 | €7,513,108 | +€12,111 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,382,000 | €7,392,000 | +€10,000 | +0.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €7,380,000 | €7,390,000 | +€10,000 | +0.1% |
| Profit (loss) carried forward | 14 | €100,397 | €102,508 | +€2,111 | +2.1% |
| Amounts payable | 17/49 | €679,273 | €1,047,996 | +€368,723 | +54.3% |
| Amounts payable within one year | 42/48 | €678,398 | €1,047,121 | +€368,723 | +54.4% |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Credit institutions | 430/8 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €33,838 | €6,724 | -€27,114 | -80.1% |
| Suppliers | 440/4 | €33,838 | €6,724 | -€27,114 | -80.1% |
| Taxes, remuneration and social security | 45 | €634,885 | €39,413 | -€595,472 | -93.8% |
| Taxes | 450/3 | €634,885 | €39,413 | -€595,472 | -93.8% |
| Other amounts payable | 47/48 | €9,675 | €984 | -€8,691 | -89.8% |
| Accrued charges and deferred income | 492/3 | €875 | €875 | = | 0.0% |
| Non-recurring operating income | 76A | €2,645 | - | -€2,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,188 | €69,286 | +€40,098 | +137.4% |
| Other operating charges | 640/8 | €1,824 | €30,938 | +€29,114 | +1596.2% |
| Non-recurring operating charges | 66A | €550 | - | -€550 | |
| Gross operating margin | 9900 | €67,014 | €303,790 | +€236,776 | +353.3% |
| Operating profit (loss) | 9901 | €35,452 | €203,566 | +€168,114 | +474.2% |
| Financial income | 75/76B | €6,666,667 | €48,065 | -€6.6m | -99.3% |
| Recurring financial income | 75 | €6,666,667 | €48,065 | -€6.6m | -99.3% |
| Financial charges | 65/66B | €5,634 | €39,412 | +€33,778 | +599.5% |
| Recurring financial charges | 65 | €5,634 | €39,412 | +€33,778 | +599.5% |
| Profit (loss) for the period before taxes | 9903 | €6,696,485 | €212,219 | -€6.5m | -96.8% |
| Income taxes | 67/77 | €610,000 | €65,108 | -€544,892 | -89.3% |
| Profit (loss) for the period | 9904 | €6,086,485 | €147,111 | -€5.9m | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,086,485 | €147,111 | -€5.9m | -97.6% |
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 4 October 2026 via checked.be.