DEBUSSCHERE & CO: what changed
Two fiscal 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.
DEBUSSCHERE & CO
Largest movements
- Tangible fixed assets +€3.9m
up €3.9m (+141.0%), from €2.8m to €6.7m
of which Land and buildings: +€3.7m
- Cash +€2.6m
up €2.6m (+426.0%), from €613,846 to €3.2m
- Receivables within one year -€780,879
down €780,879 (-54.9%), from €1.4m to €641,978
of which Trade receivables: -€851,435
- Stocks and contracts +€454,150
up €454,150 (+27.2%), from €1.7m to €2.1m
- Revaluation surpluses +€3.6m
new in 2025: €3.6m
- Reserves +€2.0m
up €2.0m (+30.7%), from €6.5m to €8.5m
- Other debts +€1.1m
up €1.1m (+62.9%), from €1.7m to €2.8m
- Tax, wage and social debts -€266,333
down €266,333 (-50.1%), from €531,683 to €265,350
of which Taxes: -€258,333
- Gross operating margin +€1.4m
up €1.4m (+35.9%), from €3.8m to €5.2m
- Depreciation +€275,060
up €275,060 (+87.6%), from €314,004 to €589,065
- Taxes +€254,576
up €254,576 (+23.8%), from €1.1m to €1.3m
- Financial charges +€227,129
up €227,129 (+236.3%), from €96,123 to €323,251
- Financial income +€198,549
up €198,549 (+962.1%), from €20,637 to €219,186
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,008,933 | €15,301,453 | +€6.3m | +69.8% |
| Fixed assets | 21/28 | €2,784,829 | €6,711,263 | +€3.9m | +141.0% |
| Tangible fixed assets | 22/27 | €2,784,829 | €6,711,263 | +€3.9m | +141.0% |
| Land and buildings | 22 | €2,374,459 | €6,067,243 | +€3.7m | +155.5% |
| Plant, machinery and equipment | 23 | €207,265 | €188,717 | -€18,547 | -8.9% |
| Furniture and vehicles | 24 | €203,106 | €455,302 | +€252,196 | +124.2% |
| Current assets | 29/58 | €6,224,104 | €8,590,191 | +€2.4m | +38.0% |
| Stocks and contracts in progress | 3 | €1,670,350 | €2,124,500 | +€454,150 | +27.2% |
| Stocks | 30/36 | €1,670,350 | €2,124,500 | +€454,150 | +27.2% |
| Amounts receivable within one year | 40/41 | €1,422,857 | €641,978 | -€780,879 | -54.9% |
| Trade receivables | 40 | €1,422,114 | €570,679 | -€851,435 | -59.9% |
| Other amounts receivable | 41 | €742 | €71,299 | +€70,556 | +9507.4% |
| Current investments | 50/53 | €2,506,000 | €2,583,500 | +€77,500 | +3.1% |
| Cash at bank and in hand | 54/58 | €613,846 | €3,229,007 | +€2.6m | +426.0% |
| Deferred charges and accrued income | 490/1 | €11,051 | €11,206 | +€155 | +1.4% |
| Total equity and liabilities | 10/49 | €9,008,933 | €15,301,453 | +€6.3m | +69.8% |
| Equity | 10/15 | €6,568,079 | €12,129,040 | +€5.6m | +84.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,566,127 | +€3.6m | |
| Reserves | 13 | €6,506,079 | €8,500,913 | +€2.0m | +30.7% |
| Distributable reserves | 133 | €6,506,079 | €8,500,913 | +€2.0m | +30.7% |
| Amounts payable | 17/49 | €2,440,854 | €3,172,413 | +€731,559 | +30.0% |
| Amounts payable within one year | 42/48 | €2,440,764 | €3,171,343 | +€730,579 | +29.9% |
| Trade debts | 44 | €165,135 | €65,438 | -€99,697 | -60.4% |
| Suppliers | 440/4 | €165,135 | €65,438 | -€99,697 | -60.4% |
| Taxes, remuneration and social security | 45 | €531,683 | €265,350 | -€266,333 | -50.1% |
| Taxes | 450/3 | €523,683 | €265,350 | -€258,333 | -49.3% |
| Remuneration and social security | 454/9 | €8,000 | - | -€8,000 | |
| Other amounts payable | 47/48 | €1,743,946 | €2,840,556 | +€1.1m | +62.9% |
| Accrued charges and deferred income | 492/3 | €90 | €1,070 | +€980 | +1089.2% |
| Non-recurring operating income | 76A | €21,634 | €36,247 | +€14,613 | +67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,004 | €589,065 | +€275,060 | +87.6% |
| Other operating charges | 640/8 | €53,288 | €129,917 | +€76,629 | +143.8% |
| Non-recurring operating charges | 66A | -€470 | - | +€470 | |
| Gross operating margin | 9900 | €3,793,095 | €5,154,667 | +€1.4m | +35.9% |
| Operating profit (loss) | 9901 | €3,426,273 | €4,435,686 | +€1.0m | +29.5% |
| Financial income | 75/76B | €20,637 | €219,186 | +€198,549 | +962.1% |
| Recurring financial income | 75 | €20,637 | €219,186 | +€198,549 | +962.1% |
| Financial charges | 65/66B | €96,123 | €323,251 | +€227,129 | +236.3% |
| Recurring financial charges | 65 | €96,123 | €323,251 | +€227,129 | +236.3% |
| Profit (loss) for the period before taxes | 9903 | €3,350,787 | €4,331,620 | +€980,833 | +29.3% |
| Transfer from deferred taxes | 780 | €11,136 | - | -€11,136 | |
| Income taxes | 67/77 | €1,069,511 | €1,324,087 | +€254,576 | +23.8% |
| Profit (loss) for the period | 9904 | €2,292,412 | €3,007,534 | +€715,122 | +31.2% |
| Transfer from tax-exempt reserves | 789 | €33,407 | - | -€33,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,325,818 | €3,007,534 | +€681,715 | +29.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.