DEBTOBEL: 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.
DEBTOBEL
Largest movements
- Cash +€52,635
up €52,635 (+79.6%), from €66,125 to €118,760
mainly Net result for the year (+€76,502) and Depreciation (+€8,806)
- Tangible fixed assets -€8,806
down €8,806 (-26.1%), from €33,723 to €24,917
- Receivables within one year +€7,645
up €7,645 (+16.1%), from €47,604 to €55,249
of which Other amounts receivable: +€18,211
- Deferred charges and accrued income +€2,061
up €2,061 (+59.6%), from €3,459 to €5,520
- Reserves +€59,298
up €59,298 (+109.9%), from €53,964 to €113,262
of which Distributable reserves: +€59,298
- Debts after one year -€6,636
down €6,636 (-33.9%), from €19,581 to €12,945
- Tax, wage and social debts +€2,258
up €2,258 (+12.4%), from €18,252 to €20,510
- Gross operating margin +€50,234
up €50,234 (+65.9%), from €76,217 to €126,451
- Taxes +€16,073
up €16,073 (+64.8%), from €24,815 to €40,888
- Financial income +€1,587
up €1,587 (+463.6%), from €342 to €1,930
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 | €150,911 | €204,446 | +€53,535 | +35.5% |
| Fixed assets | 21/28 | €33,723 | €24,917 | -€8,806 | -26.1% |
| Tangible fixed assets | 22/27 | €33,723 | €24,917 | -€8,806 | -26.1% |
| Furniture and vehicles | 24 | €33,723 | €24,917 | -€8,806 | -26.1% |
| Current assets | 29/58 | €117,188 | €179,529 | +€62,341 | +53.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,604 | €55,249 | +€7,645 | +16.1% |
| Trade receivables | 40 | €29,926 | €19,360 | -€10,566 | -35.3% |
| Other amounts receivable | 41 | €17,678 | €35,889 | +€18,211 | +103.0% |
| Cash at bank and in hand | 54/58 | €66,125 | €118,760 | +€52,635 | +79.6% |
| Deferred charges and accrued income | 490/1 | €3,459 | €5,520 | +€2,061 | +59.6% |
| Total equity and liabilities | 10/49 | €150,911 | €204,446 | +€53,535 | +35.5% |
| Equity | 10/15 | €103,964 | €163,262 | +€59,298 | +57.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €53,964 | €113,262 | +€59,298 | +109.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,964 | €113,262 | +€59,298 | +109.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,947 | €41,184 | -€5,763 | -12.3% |
| Amounts payable after more than one year | 17 | €19,581 | €12,945 | -€6,636 | -33.9% |
| Financial debts | 170/4 | €19,581 | €12,945 | -€6,636 | -33.9% |
| Amounts payable within one year | 42/48 | €27,367 | €28,239 | +€872 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €6,352 | €6,636 | +€284 | +4.5% |
| Trade debts | 44 | €2,763 | €1,093 | -€1,670 | -60.4% |
| Suppliers | 440/4 | €2,763 | €1,093 | -€1,670 | -60.4% |
| Taxes, remuneration and social security | 45 | €18,252 | €20,510 | +€2,258 | +12.4% |
| Taxes | 450/3 | €18,252 | €20,510 | +€2,258 | +12.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,380 | €8,806 | -€573 | -6.1% |
| Other operating charges | 640/8 | €1,018 | €1,051 | +€33 | +3.2% |
| Gross operating margin | 9900 | €76,217 | €126,451 | +€50,234 | +65.9% |
| Operating profit (loss) | 9901 | €65,819 | €116,594 | +€50,775 | +77.1% |
| Financial income | 75/76B | €342 | €1,930 | +€1,587 | +463.6% |
| Recurring financial income | 75 | €342 | €1,930 | +€1,587 | +463.6% |
| Financial charges | 65/66B | €1,389 | €1,133 | -€256 | -18.4% |
| Recurring financial charges | 65 | €1,389 | €1,133 | -€256 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €64,773 | €117,390 | +€52,618 | +81.2% |
| Income taxes | 67/77 | €24,815 | €40,888 | +€16,073 | +64.8% |
| Profit (loss) for the period | 9904 | €39,958 | €76,502 | +€36,545 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,958 | €76,502 | +€36,545 | +91.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.