DEBUSSCHE SAMUEL: 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.
DEBUSSCHE SAMUEL
Largest movements
- Stocks and contracts +€124,786
up €124,786 (+183%), from €68,252 to €193,038
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€90,872
up €90,872 (+66.9%), from €135,921 to €226,793
mainly Depreciation (+€189,795) and Net result for the year (+€124,867)
- Receivables after one year -€72,030
down €72,030 (-62.0%), from €116,260 to €44,231
- Tangible fixed assets -€32,831
down €32,831 (-3.2%), from €1.0m to €1.0m
of which Land and buildings: -€37,871
- Debts after one year -€79,012
down €79,012 (-9.3%), from €845,879 to €766,867
- Reserves +€53,008
up €53,008 (+9.5%), from €558,256 to €611,264
of which Distributable reserves: +€53,008
- Current portion of long-term debt +€23,071
up €23,071 (+17.6%), from €130,756 to €153,826
- Gross operating margin +€72,517
up €72,517 (+11.3%), from €642,340 to €714,857
- Staff costs +€26,222
up €26,222 (+9.2%), from €285,383 to €311,605
- Depreciation +€20,062
up €20,062 (+11.8%), from €169,733 to €189,795
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 | €1,632,019 | €1,642,593 | +€10,574 | +0.6% |
| Fixed assets | 21/28 | €1,038,678 | €1,005,013 | -€33,665 | -3.2% |
| Intangible fixed assets | 21 | €1,534 | €700 | -€834 | -54.4% |
| Tangible fixed assets | 22/27 | €1,036,763 | €1,003,932 | -€32,831 | -3.2% |
| Land and buildings | 22 | €512,968 | €475,097 | -€37,871 | -7.4% |
| Plant, machinery and equipment | 23 | €218,039 | €217,130 | -€909 | -0.4% |
| Furniture and vehicles | 24 | €280,316 | €288,185 | +€7,869 | +2.8% |
| Other tangible fixed assets | 26 | €25,440 | €23,520 | -€1,920 | -7.5% |
| Financial fixed assets | 28 | €381 | €381 | = | 0.0% |
| Current assets | 29/58 | €593,342 | €637,580 | +€44,239 | +7.5% |
| Amounts receivable after more than one year | 29 | €116,260 | €44,231 | -€72,030 | -62.0% |
| Other amounts receivable | 291 | €116,260 | €44,231 | -€72,030 | -62.0% |
| Stocks and contracts in progress | 3 | €68,252 | €193,038 | +€124,786 | +183% |
| Stocks | 30/36 | €68,252 | €193,038 | +€124,786 | +183% |
| Amounts receivable within one year | 40/41 | €164,648 | €165,722 | +€1,074 | +0.7% |
| Trade receivables | 40 | €154,844 | €154,029 | -€815 | -0.5% |
| Other amounts receivable | 41 | €9,804 | €11,693 | +€1,889 | +19.3% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €135,921 | €226,793 | +€90,872 | +66.9% |
| Deferred charges and accrued income | 490/1 | €8,260 | €7,797 | -€464 | -5.6% |
| Total equity and liabilities | 10/49 | €1,632,019 | €1,642,593 | +€10,574 | +0.6% |
| Equity | 10/15 | €576,806 | €629,814 | +€53,008 | +9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €558,256 | €611,264 | +€53,008 | +9.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €539,506 | €592,514 | +€53,008 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,055,213 | €1,012,779 | -€42,434 | -4.0% |
| Amounts payable after more than one year | 17 | €845,879 | €766,867 | -€79,012 | -9.3% |
| Financial debts | 170/4 | €845,879 | €766,867 | -€79,012 | -9.3% |
| Amounts payable within one year | 42/48 | €209,334 | €245,912 | +€36,577 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €130,756 | €153,826 | +€23,071 | +17.6% |
| Trade debts | 44 | €20,608 | €22,584 | +€1,976 | +9.6% |
| Suppliers | 440/4 | €20,608 | €22,584 | +€1,976 | +9.6% |
| Taxes, remuneration and social security | 45 | €51,438 | €66,084 | +€14,647 | +28.5% |
| Taxes | 450/3 | €13,659 | €18,119 | +€4,460 | +32.7% |
| Remuneration and social security | 454/9 | €37,779 | €47,966 | +€10,187 | +27.0% |
| Other amounts payable | 47/48 | €6,533 | €3,417 | -€3,116 | -47.7% |
| Non-recurring operating income | 76A | €18,884 | €70,753 | +€51,870 | +275% |
| Remuneration, social security and pensions | 62 | €285,383 | €311,605 | +€26,222 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,733 | €189,795 | +€20,062 | +11.8% |
| Other operating charges | 640/8 | €12,773 | €6,707 | -€6,066 | -47.5% |
| Non-recurring operating charges | 66A | €129 | €6,169 | +€6,040 | +4,696% |
| Gross operating margin | 9900 | €642,340 | €714,857 | +€72,517 | +11.3% |
| Operating profit (loss) | 9901 | €174,323 | €200,581 | +€26,259 | +15.1% |
| Financial income | 75/76B | €7,014 | €4,404 | -€2,610 | -37.2% |
| Recurring financial income | 75 | €7,014 | €4,404 | -€2,610 | -37.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €19,763 | €19,754 | -€9 | 0.0% |
| Recurring financial charges | 65 | €19,763 | €19,754 | -€9 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €161,573 | €185,231 | +€23,658 | +14.6% |
| Income taxes | 67/77 | €53,688 | €60,363 | +€6,675 | +12.4% |
| Profit (loss) for the period | 9904 | €107,885 | €124,867 | +€16,982 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,885 | €124,867 | +€16,982 | +15.7% |
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 19 October 2026 via checked.be.