DEBUSSCHERE HENK: 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.
DEBUSSCHERE HENK
Largest movements
- Cash +€445,904
up €445,904 (+169%), from €263,383 to €709,287
mainly Net result for the year (+€262,972) and Current investments (+€200,000)
- Current investments -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Stocks and contracts -€61,317
down €61,317 (-13.9%), from €439,685 to €378,368
of which Stocks: -€57,799
- Tangible fixed assets -€16,362
down €16,362 (-10.0%), from €163,043 to €146,681
of which Plant, machinery and equipment: -€21,553
- Profit (loss) carried forward +€262,972
up €262,972 (+29.7%), from €886,415 to €1.1m
- Trade debts -€64,655
down €64,655 (-30.0%), from €215,733 to €151,078
- Other debts -€24,466
down €24,466 (-32.8%), from €74,483 to €50,016
- Tax, wage and social debts +€19,536
up €19,536 (+60.0%), from €32,586 to €52,122
of which Taxes: +€11,767
- Current portion of long-term debt -€15,750
no longer reported in 2025 (was €15,750)
- Gross operating margin -€77,279
down €77,279 (-12.2%), from €635,419 to €558,139
- Staff costs +€40,616
up €40,616 (+33.4%), from €121,730 to €162,346
- Taxes -€24,855
down €24,855 (-21.6%), from €115,268 to €90,412
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 | €1,376,224 | €1,548,069 | +€171,845 | +12.5% |
| Fixed assets | 21/28 | €170,179 | €153,051 | -€17,128 | -10.1% |
| Intangible fixed assets | 21 | €6,831 | €4,280 | -€2,551 | -37.3% |
| Tangible fixed assets | 22/27 | €163,043 | €146,681 | -€16,362 | -10.0% |
| Plant, machinery and equipment | 23 | €126,615 | €105,062 | -€21,553 | -17.0% |
| Furniture and vehicles | 24 | €36,427 | €41,618 | +€5,191 | +14.3% |
| Financial fixed assets | 28 | €305 | €2,090 | +€1,785 | +585% |
| Current assets | 29/58 | €1,206,045 | €1,395,018 | +€188,973 | +15.7% |
| Stocks and contracts in progress | 3 | €439,685 | €378,368 | -€61,317 | -13.9% |
| Stocks | 30/36 | €400,467 | €342,668 | -€57,799 | -14.4% |
| Contracts in progress | 37 | €39,218 | €35,700 | -€3,518 | -9.0% |
| Amounts receivable within one year | 40/41 | €197,415 | €201,410 | +€3,995 | +2.0% |
| Trade receivables | 40 | €186,565 | €187,763 | +€1,198 | +0.6% |
| Other amounts receivable | 41 | €10,850 | €13,647 | +€2,797 | +25.8% |
| Current investments | 50/53 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €263,383 | €709,287 | +€445,904 | +169% |
| Deferred charges and accrued income | 490/1 | €5,562 | €5,953 | +€391 | +7.0% |
| Total equity and liabilities | 10/49 | €1,376,224 | €1,548,069 | +€171,845 | +12.5% |
| Equity | 10/15 | €1,020,196 | €1,283,168 | +€262,972 | +25.8% |
| Contributions | 10/11 | €32,376 | €32,376 | = | 0.0% |
| Reserves | 13 | €101,405 | €101,405 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,213 | €78,213 | = | 0.0% |
| Distributable reserves | 133 | €23,192 | €23,192 | = | 0.0% |
| Profit (loss) carried forward | 14 | €886,415 | €1,149,387 | +€262,972 | +29.7% |
| Amounts payable | 17/49 | €356,028 | €264,902 | -€91,127 | -25.6% |
| Amounts payable within one year | 42/48 | €338,551 | €253,216 | -€85,335 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €15,750 | - | -€15,750 | |
| Trade debts | 44 | €215,733 | €151,078 | -€64,655 | -30.0% |
| Suppliers | 440/4 | €215,733 | €151,078 | -€64,655 | -30.0% |
| Taxes, remuneration and social security | 45 | €32,586 | €52,122 | +€19,536 | +60.0% |
| Taxes | 450/3 | €19,609 | €31,376 | +€11,767 | +60.0% |
| Remuneration and social security | 454/9 | €12,977 | €20,746 | +€7,770 | +59.9% |
| Other amounts payable | 47/48 | €74,483 | €50,016 | -€24,466 | -32.8% |
| Accrued charges and deferred income | 492/3 | €17,478 | €11,686 | -€5,792 | -33.1% |
| Non-recurring operating income | 76A | - | €987 | +€987 | |
| Remuneration, social security and pensions | 62 | €121,730 | €162,346 | +€40,616 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,583 | €43,768 | +€6,185 | +16.5% |
| Other operating charges | 640/8 | €6,052 | €1,776 | -€4,275 | -70.6% |
| Gross operating margin | 9900 | €635,419 | €558,139 | -€77,279 | -12.2% |
| Operating profit (loss) | 9901 | €470,055 | €350,249 | -€119,806 | -25.5% |
| Financial income | 75/76B | €3,604 | €7,730 | +€4,126 | +115% |
| Recurring financial income | 75 | €3,604 | €7,730 | +€4,126 | +115% |
| Financial charges | 65/66B | €6,324 | €4,595 | -€1,729 | -27.3% |
| Recurring financial charges | 65 | €6,324 | €4,595 | -€1,729 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €467,334 | €353,384 | -€113,950 | -24.4% |
| Income taxes | 67/77 | €115,268 | €90,412 | -€24,855 | -21.6% |
| Profit (loss) for the period | 9904 | €352,067 | €262,972 | -€89,095 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €352,067 | €262,972 | -€89,095 | -25.3% |
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 18 October 2026 via checked.be.