DEBRAUSCH: 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.
DEBRAUSCH
Largest movements
- Tangible fixed assets -€29,023
down €29,023 (-18.8%), from €154,723 to €125,701
- Receivables within one year -€7,115
down €7,115 (-10.0%), from €71,381 to €64,266
- Profit (loss) carried forward -€30,216
down €30,216 (-8.4%), from -€360,793 to -€391,009
- Debts after one year -€14,000
down €14,000 (-70.6%), from €19,833 to €5,833
- Other debts +€8,700
up €8,700 (+183.2%), from €4,750 to €13,450
- Gross operating margin -€12,305
down €12,305 (-63.7%), from €19,320 to €7,014
- Other operating charges +€2,219
up €2,219 (+48.8%), from €4,551 to €6,770
- Depreciation -€1,165
down €1,165 (-3.9%), from €30,187 to €29,023
- Financial charges -€678
down €678 (-32.0%), from €2,116 to €1,438
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 | €227,113 | €191,549 | -€35,563 | -15.7% |
| Fixed assets | 21/28 | €154,723 | €125,701 | -€29,023 | -18.8% |
| Tangible fixed assets | 22/27 | €154,723 | €125,701 | -€29,023 | -18.8% |
| Land and buildings | 22 | €154,723 | €125,701 | -€29,023 | -18.8% |
| Current assets | 29/58 | €72,390 | €65,849 | -€6,541 | -9.0% |
| Amounts receivable within one year | 40/41 | €71,381 | €64,266 | -€7,115 | -10.0% |
| Other amounts receivable | 41 | €71,381 | €64,266 | -€7,115 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,009 | €1,582 | +€574 | +56.9% |
| Total equity and liabilities | 10/49 | €227,113 | €191,549 | -€35,563 | -15.7% |
| Equity | 10/15 | -€62,057 | -€92,273 | -€30,216 | -48.7% |
| Contributions | 10/11 | €298,736 | €298,736 | = | 0.0% |
| Capital | 10 | €298,736 | €298,736 | = | 0.0% |
| Issued capital | 100 | €298,736 | €298,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€360,793 | -€391,009 | -€30,216 | -8.4% |
| Amounts payable | 17/49 | €289,170 | €283,822 | -€5,347 | -1.8% |
| Amounts payable after more than one year | 17 | €19,833 | €5,833 | -€14,000 | -70.6% |
| Financial debts | 170/4 | €19,833 | €5,833 | -€14,000 | -70.6% |
| Amounts payable within one year | 42/48 | €269,336 | €277,989 | +€8,653 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Other loans | 439 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €586 | €539 | -€47 | -8.1% |
| Suppliers | 440/4 | €586 | €539 | -€47 | -8.1% |
| Other amounts payable | 47/48 | €4,750 | €13,450 | +€8,700 | +183.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,187 | €29,023 | -€1,165 | -3.9% |
| Other operating charges | 640/8 | €4,551 | €6,770 | +€2,219 | +48.8% |
| Gross operating margin | 9900 | €19,320 | €7,014 | -€12,305 | -63.7% |
| Operating profit (loss) | 9901 | -€15,419 | -€28,778 | -€13,359 | -86.6% |
| Financial charges | 65/66B | €2,116 | €1,438 | -€678 | -32.0% |
| Recurring financial charges | 65 | €2,116 | €1,438 | -€678 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,535 | -€30,216 | -€12,681 | -72.3% |
| Profit (loss) for the period | 9904 | -€17,535 | -€30,216 | -€12,681 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,535 | -€30,216 | -€12,681 | -72.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.