DR. BRAM DEBAENE: 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.
DR. BRAM DEBAENE
Largest movements
- Deferred charges and accrued income +€23,629
up €23,629 (+702.2%), from €3,365 to €26,994
- Tangible fixed assets -€15,725
down €15,725 (-56.5%), from €27,847 to €12,122
of which Furniture and vehicles: -€15,425
- Reserves +€29,753
up €29,753 (+9.7%), from €305,946 to €335,699
- Debts after one year -€16,000
down €16,000 (-32.0%), from €50,000 to €34,000
- Other debts -€9,010
down €9,010 (-98.4%), from €9,160 to €151
- Gross operating margin -€29,854
down €29,854 (-28.6%), from €104,405 to €74,552
- Financial charges -€23,551
down €23,551 (-86.3%), from €27,287 to €3,737
- Taxes -€3,623
down €3,623 (-16.3%), from €22,286 to €18,663
- Financial income -€2,694
down €2,694 (-55.0%), from €4,903 to €2,209
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.
Cash bridge derived
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 | €389,115 | €393,872 | +€4,758 | +1.2% |
| Fixed assets | 21/28 | €27,847 | €12,122 | -€15,725 | -56.5% |
| Tangible fixed assets | 22/27 | €27,847 | €12,122 | -€15,725 | -56.5% |
| Plant, machinery and equipment | 23 | €375 | €75 | -€300 | -80.0% |
| Furniture and vehicles | 24 | €27,472 | €12,047 | -€15,425 | -56.1% |
| Current assets | 29/58 | €361,268 | €381,750 | +€20,482 | +5.7% |
| Amounts receivable within one year | 40/41 | €8,492 | €5,811 | -€2,682 | -31.6% |
| Other amounts receivable | 41 | €8,492 | €5,811 | -€2,682 | -31.6% |
| Current investments | 50/53 | €294,462 | €296,651 | +€2,189 | +0.7% |
| Cash at bank and in hand | 54/58 | €54,949 | €52,295 | -€2,654 | -4.8% |
| Deferred charges and accrued income | 490/1 | €3,365 | €26,994 | +€23,629 | +702.2% |
| Total equity and liabilities | 10/49 | €389,115 | €393,872 | +€4,758 | +1.2% |
| Equity | 10/15 | €318,346 | €348,099 | +€29,753 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €305,946 | €335,699 | +€29,753 | +9.7% |
| Distributable reserves | 133 | €305,946 | €335,699 | +€29,753 | +9.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,769 | €45,773 | -€24,996 | -35.3% |
| Amounts payable after more than one year | 17 | €50,000 | €34,000 | -€16,000 | -32.0% |
| Other amounts payable | 178/9 | €50,000 | €34,000 | -€16,000 | -32.0% |
| Amounts payable within one year | 42/48 | €14,386 | €8,470 | -€5,916 | -41.1% |
| Trade debts | 44 | €876 | €4,508 | +€3,632 | +414.5% |
| Suppliers | 440/4 | €876 | €4,508 | +€3,632 | +414.5% |
| Taxes, remuneration and social security | 45 | €4,350 | €3,811 | -€539 | -12.4% |
| Taxes | 450/3 | €4,350 | €3,811 | -€539 | -12.4% |
| Other amounts payable | 47/48 | €9,160 | €151 | -€9,010 | -98.4% |
| Accrued charges and deferred income | 492/3 | €6,383 | €3,303 | -€3,079 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,725 | €15,725 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €104,405 | €74,552 | -€29,854 | -28.6% |
| Operating profit (loss) | 9901 | €88,168 | €58,299 | -€29,868 | -33.9% |
| Financial income | 75/76B | €4,903 | €2,209 | -€2,694 | -55.0% |
| Recurring financial income | 75 | €4,903 | €2,209 | -€2,694 | -55.0% |
| Financial charges | 65/66B | €27,287 | €3,737 | -€23,551 | -86.3% |
| Recurring financial charges | 65 | €27,287 | €3,737 | -€23,551 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €65,783 | €56,771 | -€9,011 | -13.7% |
| Income taxes | 67/77 | €22,286 | €18,663 | -€3,623 | -16.3% |
| Profit (loss) for the period | 9904 | €43,497 | €38,109 | -€5,388 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,497 | €38,109 | -€5,388 | -12.4% |
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 10 October 2026 via checked.be.