DEBUSSCHER FELIX: 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.
DEBUSSCHER FELIX
Largest movements
- Cash -€169,261
down €169,261 (-63.3%), from €267,461 to €98,201
mainly Other debts (-€363,112) and Debts after one year (-€37,021)
- Current investments -€73,918
down €73,918 (-37.0%), from €200,000 to €126,082
- Receivables within one year +€30,692
up €30,692 (+31.7%), from €96,800 to €127,492
- Tangible fixed assets -€23,997
down €23,997 (-5.0%), from €478,335 to €454,338
of which Land and buildings: -€22,690
- Other debts -€363,112
down €363,112 (-99.2%), from €366,076 to €2,964
- Reserves +€149,000
up €149,000 (+28.5%), from €522,027 to €671,027
- Debts after one year -€37,021
no longer reported in 2025 (was €37,021)
- Tax, wage and social debts +€24,916
up €24,916 (+108%), from €23,008 to €47,925
- Financial charges -€4,093
down €4,093 (-42.8%), from €9,564 to €5,471
- Depreciation -€3,662
down €3,662 (-8.6%), from €42,645 to €38,983
- Taxes +€3,529
up €3,529 (+5.7%), from €61,414 to €64,944
- Gross operating margin +€3,035
up €3,035 (+1.2%), from €258,308 to €261,344
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 | €1,049,062 | €812,289 | -€236,773 | -22.6% |
| Fixed assets | 21/28 | €478,520 | €454,388 | -€24,132 | -5.0% |
| Tangible fixed assets | 22/27 | €478,335 | €454,338 | -€23,997 | -5.0% |
| Land and buildings | 22 | €426,059 | €403,369 | -€22,690 | -5.3% |
| Plant, machinery and equipment | 23 | €34,190 | €40,589 | +€6,399 | +18.7% |
| Furniture and vehicles | 24 | €18,086 | €10,380 | -€7,706 | -42.6% |
| Financial fixed assets | 28 | €185 | €50 | -€135 | -73.0% |
| Current assets | 29/58 | €570,542 | €357,901 | -€212,641 | -37.3% |
| Amounts receivable within one year | 40/41 | €96,800 | €127,492 | +€30,692 | +31.7% |
| Trade receivables | 40 | €96,800 | €127,492 | +€30,692 | +31.7% |
| Current investments | 50/53 | €200,000 | €126,082 | -€73,918 | -37.0% |
| Cash at bank and in hand | 54/58 | €267,461 | €98,201 | -€169,261 | -63.3% |
| Deferred charges and accrued income | 490/1 | €6,280 | €6,126 | -€155 | -2.5% |
| Total equity and liabilities | 10/49 | €1,049,062 | €812,289 | -€236,773 | -22.6% |
| Equity | 10/15 | €574,505 | €723,594 | +€149,090 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €522,027 | €671,027 | +€149,000 | +28.5% |
| Distributable reserves | 133 | €522,027 | €671,027 | +€149,000 | +28.5% |
| Profit (loss) carried forward | 14 | €33,878 | €33,967 | +€90 | +0.3% |
| Amounts payable | 17/49 | €474,557 | €88,694 | -€385,863 | -81.3% |
| Amounts payable after more than one year | 17 | €37,021 | - | -€37,021 | |
| Financial debts | 170/4 | €37,021 | - | -€37,021 | |
| Amounts payable within one year | 42/48 | €437,536 | €88,694 | -€348,842 | -79.7% |
| Current portion of amounts payable after more than one year | 42 | €47,485 | €37,021 | -€10,464 | -22.0% |
| Trade debts | 44 | €967 | €785 | -€182 | -18.8% |
| Suppliers | 440/4 | €967 | €785 | -€182 | -18.8% |
| Taxes, remuneration and social security | 45 | €23,008 | €47,925 | +€24,916 | +108% |
| Taxes | 450/3 | €23,008 | €47,925 | +€24,916 | +108% |
| Other amounts payable | 47/48 | €366,076 | €2,964 | -€363,112 | -99.2% |
| Non-recurring operating income | 76A | €2,256 | - | -€2,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,645 | €38,983 | -€3,662 | -8.6% |
| Other operating charges | 640/8 | €5,247 | €5,704 | +€456 | +8.7% |
| Gross operating margin | 9900 | €258,308 | €261,344 | +€3,035 | +1.2% |
| Operating profit (loss) | 9901 | €210,416 | €216,657 | +€6,241 | +3.0% |
| Financial income | 75/76B | €3,517 | €2,847 | -€670 | -19.0% |
| Recurring financial income | 75 | €3,517 | €2,847 | -€670 | -19.0% |
| Financial charges | 65/66B | €9,564 | €5,471 | -€4,093 | -42.8% |
| Recurring financial charges | 65 | €9,564 | €5,471 | -€4,093 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €204,369 | €214,033 | +€9,665 | +4.7% |
| Income taxes | 67/77 | €61,414 | €64,944 | +€3,529 | +5.7% |
| Profit (loss) for the period | 9904 | €142,954 | €149,090 | +€6,135 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €142,954 | €149,090 | +€6,135 | +4.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.