DEBUSSCHER-GOORDEN: what changed
DEBUSSCHER-GOORDEN
Largest movements
- Receivables within one year -€64,583
down €64,583 (-57.2%), from €112,909 to €48,325
of which Other amounts receivable: -€59,051
- Cash -€32,110
down €32,110 (-17.7%), from €181,473 to €149,362
mainly Other debts (-€101,187) and Contributions, distributions and other (-€44,435)
- Tangible fixed assets -€22,421
down €22,421 (-18.7%), from €119,910 to €97,489
- Other debts -€101,187
down €101,187 (-96.7%), from €104,637 to €3,451
- Trade debts +€21,446
up €21,446 (+135%), from €15,911 to €37,357
- Current portion of long-term debt -€20,915
down €20,915 (-54.0%), from €38,714 to €17,799
- Debts after one year -€17,609
down €17,609 (-18.6%), from €94,667 to €77,057
- Tax, wage and social debts -€6,677
down €6,677 (-36.2%), from €18,453 to €11,777
of which Taxes: -€5,907
- Gross operating margin +€21,712
up €21,712 (+13.6%), from €160,048 to €181,759
- Taxes +€7,801
up €7,801 (+61.2%), from €12,752 to €20,553
- Write-downs +€3,742
new in 2025: €3,742
- Financial charges -€2,019
down €2,019 (-19.3%), from €10,468 to €8,449
of which Financial charges: -€1,655
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,580 | €297,304 | -€122,277 | -29.1% |
| Fixed assets | 21/28 | €119,910 | €97,489 | -€22,421 | -18.7% |
| Tangible fixed assets | 22/27 | €119,910 | €97,489 | -€22,421 | -18.7% |
| Land and buildings | 22 | €84,633 | €77,996 | -€6,637 | -7.8% |
| Plant, machinery and equipment | 23 | €27,485 | €19,493 | -€7,992 | -29.1% |
| Furniture and vehicles | 24 | €7,793 | €0 | -€7,793 | -100% |
| Current assets | 29/58 | €299,670 | €199,815 | -€99,855 | -33.3% |
| Amounts receivable within one year | 40/41 | €112,909 | €48,325 | -€64,583 | -57.2% |
| Trade receivables | 40 | €7,039 | €1,506 | -€5,532 | -78.6% |
| Other amounts receivable | 41 | €105,870 | €46,819 | -€59,051 | -55.8% |
| Cash at bank and in hand | 54/58 | €181,473 | €149,362 | -€32,110 | -17.7% |
| Deferred charges and accrued income | 490/1 | €5,289 | €2,128 | -€3,162 | -59.8% |
| Total equity and liabilities | 10/49 | €419,580 | €297,304 | -€122,277 | -29.1% |
| Equity | 10/15 | €147,198 | €149,863 | +€2,665 | +1.8% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €140,864 | €143,529 | +€2,665 | +1.9% |
| Distributable reserves | 133 | €140,864 | €143,529 | +€2,665 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,382 | €147,440 | -€124,942 | -45.9% |
| Amounts payable after more than one year | 17 | €94,667 | €77,057 | -€17,609 | -18.6% |
| Financial debts | 170/4 | €94,667 | €77,057 | -€17,609 | -18.6% |
| Amounts payable within one year | 42/48 | €177,715 | €70,383 | -€107,332 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €38,714 | €17,799 | -€20,915 | -54.0% |
| Trade debts | 44 | €15,911 | €37,357 | +€21,446 | +135% |
| Suppliers | 440/4 | €15,911 | €37,357 | +€21,446 | +135% |
| Taxes, remuneration and social security | 45 | €18,453 | €11,777 | -€6,677 | -36.2% |
| Taxes | 450/3 | €8,961 | €3,054 | -€5,907 | -65.9% |
| Remuneration and social security | 454/9 | €9,492 | €8,722 | -€769 | -8.1% |
| Other amounts payable | 47/48 | €104,637 | €3,451 | -€101,187 | -96.7% |
| Remuneration, social security and pensions | 62 | €69,450 | €67,773 | -€1,676 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,248 | €32,507 | -€1,740 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,742 | +€3,742 | |
| Other operating charges | 640/8 | €4,263 | €4,854 | +€590 | +13.8% |
| Gross operating margin | 9900 | €160,048 | €181,759 | +€21,712 | +13.6% |
| Operating profit (loss) | 9901 | €52,087 | €72,883 | +€20,795 | +39.9% |
| Financial income | 75/76B | €4,115 | €3,219 | -€896 | -21.8% |
| Recurring financial income | 75 | €4,115 | €3,219 | -€896 | -21.8% |
| Financial charges | 65/66B | €10,468 | €8,449 | -€2,019 | -19.3% |
| Recurring financial charges | 65 | €10,104 | €8,449 | -€1,655 | -16.4% |
| Non-recurring financial charges | 66B | €364 | €0 | -€364 | -100% |
| Profit (loss) for the period before taxes | 9903 | €45,734 | €67,653 | +€21,918 | +47.9% |
| Income taxes | 67/77 | €12,752 | €20,553 | +€7,801 | +61.2% |
| Profit (loss) for the period | 9904 | €32,983 | €47,100 | +€14,117 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,983 | €47,100 | +€14,117 | +42.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.