DEBUMAG: 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.
DEBUMAG
Largest movements
- Receivables within one year +€10,660
new in 2025: €10,660
of which Trade receivables: +€6,453
- Cash -€8,217
down €8,217 (-44.1%), from €18,644 to €10,426
mainly Investment in fixed assets (net) (-€11,950) and Receivables within one year (-€10,660)
- Deferred charges and accrued income -€6,360
no longer reported in 2025 (was €6,360)
- Tangible fixed assets +€1,018
up €1,018 (+3.8%), from €26,456 to €27,474
of which Plant, machinery and equipment: +€8,681
- Reserves +€9,722
up €9,722 (+38.4%), from €25,350 to €35,072
- Current portion of long-term debt -€6,560
no longer reported in 2025 (was €6,560)
- Tax, wage and social debts -€5,369
down €5,369 (-84.7%), from €6,341 to €972
- Other debts -€967
down €967 (-21.4%), from €4,521 to €3,554
- Gross operating margin +€5,778
up €5,778 (+25.7%), from €22,456 to €28,234
- Depreciation +€3,004
up €3,004 (+37.9%), from €7,928 to €10,932
- Taxes +€424
up €424 (+6.7%), from €6,341 to €6,765
- Other operating charges -€302
down €302 (-30.7%), from €986 to €683
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 | €51,459 | €48,560 | -€2,899 | -5.6% |
| Fixed assets | 21/28 | €26,456 | €27,474 | +€1,018 | +3.8% |
| Tangible fixed assets | 22/27 | €26,456 | €27,474 | +€1,018 | +3.8% |
| Plant, machinery and equipment | 23 | €5,179 | €13,860 | +€8,681 | +168% |
| Furniture and vehicles | 24 | €21,276 | €13,614 | -€7,662 | -36.0% |
| Current assets | 29/58 | €25,004 | €21,086 | -€3,917 | -15.7% |
| Amounts receivable within one year | 40/41 | - | €10,660 | +€10,660 | |
| Trade receivables | 40 | - | €6,453 | +€6,453 | |
| Other amounts receivable | 41 | - | €4,207 | +€4,207 | |
| Cash at bank and in hand | 54/58 | €18,644 | €10,426 | -€8,217 | -44.1% |
| Deferred charges and accrued income | 490/1 | €6,360 | - | -€6,360 | |
| Total equity and liabilities | 10/49 | €51,459 | €48,560 | -€2,899 | -5.6% |
| Equity | 10/15 | €28,350 | €38,072 | +€9,722 | +34.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,350 | €35,072 | +€9,722 | +38.4% |
| Distributable reserves | 133 | €25,350 | €35,072 | +€9,722 | +38.4% |
| Amounts payable | 17/49 | €23,109 | €10,488 | -€12,621 | -54.6% |
| Amounts payable after more than one year | 17 | €5,516 | €5,516 | = | 0.0% |
| Financial debts | 170/4 | €5,516 | €5,516 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,593 | €4,972 | -€12,621 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €6,560 | - | -€6,560 | |
| Trade debts | 44 | €171 | €446 | +€275 | +161% |
| Suppliers | 440/4 | €171 | €446 | +€275 | +161% |
| Taxes, remuneration and social security | 45 | €6,341 | €972 | -€5,369 | -84.7% |
| Taxes | 450/3 | €6,341 | €972 | -€5,369 | -84.7% |
| Other amounts payable | 47/48 | €4,521 | €3,554 | -€967 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,928 | €10,932 | +€3,004 | +37.9% |
| Other operating charges | 640/8 | €986 | €683 | -€302 | -30.7% |
| Gross operating margin | 9900 | €22,456 | €28,234 | +€5,778 | +25.7% |
| Operating profit (loss) | 9901 | €13,543 | €16,619 | +€3,077 | +22.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,400% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,400% |
| Financial charges | 65/66B | €194 | €133 | -€62 | -31.7% |
| Recurring financial charges | 65 | €194 | €133 | -€62 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €13,348 | €16,487 | +€3,139 | +23.5% |
| Income taxes | 67/77 | €6,341 | €6,765 | +€424 | +6.7% |
| Profit (loss) for the period | 9904 | €7,007 | €9,722 | +€2,715 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,007 | €9,722 | +€2,715 | +38.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.