DEBRUFIN: 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.
DEBRUFIN
Largest movements
- Receivables within one year +€999,440
up €999,440 (+35.7%), from €2.8m to €3.8m
- Cash -€569,537
down €569,537 (-87.9%), from €647,933 to €78,396
mainly Receivables within one year (-€999,440)
- Tangible fixed assets -€141,965
down €141,965 (-9.4%), from €1.5m to €1.4m
of which Land and buildings: -€112,869
- Reserves +€236,997
up €236,997 (+2.4%), from €9.9m to €10.2m
of which Distributable reserves: +€236,997
- Financial income -€571,231
down €571,231 (-89.5%), from €638,462 to €67,231
- Gross operating margin -€154,175
down €154,175 (-27.2%), from €567,427 to €413,252
- Other operating charges -€10,629
down €10,629 (-19.4%), from €54,897 to €44,268
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 | €13,290,677 | €13,577,264 | +€286,587 | +2.2% |
| Fixed assets | 21/28 | €9,843,776 | €9,700,460 | -€143,315 | -1.5% |
| Tangible fixed assets | 22/27 | €1,513,632 | €1,371,667 | -€141,965 | -9.4% |
| Land and buildings | 22 | €1,465,149 | €1,352,280 | -€112,869 | -7.7% |
| Plant, machinery and equipment | 23 | €15,532 | €13,832 | -€1,700 | -10.9% |
| Furniture and vehicles | 24 | €32,951 | €5,554 | -€27,397 | -83.1% |
| Financial fixed assets | 28 | €8,330,144 | €8,328,794 | -€1,350 | 0.0% |
| Current assets | 29/58 | €3,446,901 | €3,876,803 | +€429,902 | +12.5% |
| Amounts receivable within one year | 40/41 | €2,798,968 | €3,798,407 | +€999,440 | +35.7% |
| Other amounts receivable | 41 | €2,798,968 | €3,798,407 | +€999,440 | +35.7% |
| Cash at bank and in hand | 54/58 | €647,933 | €78,396 | -€569,537 | -87.9% |
| Total equity and liabilities | 10/49 | €13,290,677 | €13,577,264 | +€286,587 | +2.2% |
| Equity | 10/15 | €13,194,388 | €13,431,385 | +€236,997 | +1.8% |
| Contributions | 10/11 | €3,250,000 | €3,250,000 | = | 0.0% |
| Capital | 10 | €3,250,000 | €3,250,000 | = | 0.0% |
| Issued capital | 100 | €3,250,000 | €3,250,000 | = | 0.0% |
| Reserves | 13 | €9,944,388 | €10,181,385 | +€236,997 | +2.4% |
| Non-distributable reserves | 130/1 | €325,000 | €325,000 | = | 0.0% |
| Legal reserve | 130 | €325,000 | €325,000 | = | 0.0% |
| Distributable reserves | 133 | €9,619,388 | €9,856,385 | +€236,997 | +2.5% |
| Amounts payable | 17/49 | €96,288 | €145,878 | +€49,590 | +51.5% |
| Amounts payable within one year | 42/48 | €96,288 | €145,878 | +€49,590 | +51.5% |
| Trade debts | 44 | €26,793 | €31,371 | +€4,578 | +17.1% |
| Suppliers | 440/4 | €26,793 | €31,371 | +€4,578 | +17.1% |
| Taxes, remuneration and social security | 45 | €69,495 | €114,507 | +€45,012 | +64.8% |
| Taxes | 450/3 | €69,495 | €114,507 | +€45,012 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,733 | €141,965 | +€232 | +0.2% |
| Other operating charges | 640/8 | €54,897 | €44,268 | -€10,629 | -19.4% |
| Gross operating margin | 9900 | €567,427 | €413,252 | -€154,175 | -27.2% |
| Operating profit (loss) | 9901 | €370,797 | €227,019 | -€143,779 | -38.8% |
| Financial income | 75/76B | €638,462 | €67,231 | -€571,231 | -89.5% |
| Recurring financial income | 75 | €638,462 | €67,231 | -€571,231 | -89.5% |
| Financial charges | 65/66B | €1,246 | €590 | -€656 | -52.7% |
| Recurring financial charges | 65 | €1,246 | €590 | -€656 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €1,008,014 | €293,660 | -€714,354 | -70.9% |
| Income taxes | 67/77 | €55,601 | €56,663 | +€1,062 | +1.9% |
| Profit (loss) for the period | 9904 | €952,413 | €236,997 | -€715,416 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €952,413 | €236,997 | -€715,416 | -75.1% |
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 2 October 2026 via checked.be.