Dominique DEBROUX: 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.
Dominique DEBROUX
Largest movements
- Tangible fixed assets -€17,739
down €17,739 (-9.0%), from €197,663 to €179,924
of which Land and buildings: -€10,435
- Debts after one year -€16,801
down €16,801 (-9.8%), from €172,092 to €155,292
of which Financial debts: -€16,801
- Profit (loss) carried forward -€11,870
down €11,870 (-5.1%), from -€234,336 to -€246,206
- Other debts +€7,807
up €7,807 (+3.8%), from €206,765 to €214,572
- Depreciation -€2,741
down €2,741 (-11.4%), from €23,952 to €21,210
- Gross operating margin -€2,567
down €2,567 (-15.3%), from €16,807 to €14,240
- Financial charges -€501
down €501 (-13.6%), from €3,685 to €3,184
- Other operating charges +€281
up €281 (+12.5%), from €2,251 to €2,533
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 | €204,225 | €184,462 | -€19,763 | -9.7% |
| Fixed assets | 21/28 | €197,883 | €180,144 | -€17,739 | -9.0% |
| Tangible fixed assets | 22/27 | €197,663 | €179,924 | -€17,739 | -9.0% |
| Land and buildings | 22 | €158,236 | €147,801 | -€10,435 | -6.6% |
| Plant, machinery and equipment | 23 | €33,008 | €29,540 | -€3,468 | -10.5% |
| Furniture and vehicles | 24 | €6,420 | €2,584 | -€3,836 | -59.7% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €6,342 | €4,318 | -€2,024 | -31.9% |
| Amounts receivable within one year | 40/41 | €1,262 | €1,206 | -€56 | -4.4% |
| Trade receivables | 40 | €844 | €997 | +€152 | +18.1% |
| Other amounts receivable | 41 | €418 | €210 | -€209 | -49.9% |
| Cash at bank and in hand | 54/58 | €4,354 | €2,562 | -€1,792 | -41.2% |
| Deferred charges and accrued income | 490/1 | €726 | €550 | -€176 | -24.2% |
| Total equity and liabilities | 10/49 | €204,225 | €184,462 | -€19,763 | -9.7% |
| Equity | 10/15 | -€197,158 | -€209,830 | -€12,671 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,336 | -€246,206 | -€11,870 | -5.1% |
| Investment grants | 15 | €9,117 | €8,316 | -€801 | -8.8% |
| Amounts payable | 17/49 | €401,383 | €394,292 | -€7,091 | -1.8% |
| Amounts payable after more than one year | 17 | €172,092 | €155,292 | -€16,801 | -9.8% |
| Financial debts | 170/4 | €72,092 | €55,292 | -€16,801 | -23.3% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €229,012 | €238,712 | +€9,700 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €16,198 | €16,801 | +€602 | +3.7% |
| Financial debts | 43 | - | €1,694 | +€1,694 | |
| Credit institutions | 430/8 | - | €1,694 | +€1,694 | |
| Trade debts | 44 | €6,048 | €5,645 | -€403 | -6.7% |
| Suppliers | 440/4 | €6,048 | €5,645 | -€403 | -6.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €206,765 | €214,572 | +€7,807 | +3.8% |
| Accrued charges and deferred income | 492/3 | €279 | €288 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,952 | €21,210 | -€2,741 | -11.4% |
| Other operating charges | 640/8 | €2,251 | €2,533 | +€281 | +12.5% |
| Gross operating margin | 9900 | €16,807 | €14,240 | -€2,567 | -15.3% |
| Operating profit (loss) | 9901 | -€9,396 | -€9,503 | -€107 | -1.1% |
| Financial income | 75/76B | €802 | €817 | +€16 | +2.0% |
| Recurring financial income | 75 | €802 | €817 | +€16 | +2.0% |
| Financial charges | 65/66B | €3,685 | €3,184 | -€501 | -13.6% |
| Recurring financial charges | 65 | €3,685 | €3,184 | -€501 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,280 | -€11,870 | +€410 | +3.3% |
| Profit (loss) for the period | 9904 | -€12,280 | -€11,870 | +€410 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,280 | -€11,870 | +€410 | +3.3% |
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.