DR. STEFFI DEBECKER: 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.
DR. STEFFI DEBECKER
Largest movements
- Cash +€20,646
up €20,646 (+15.8%), from €130,950 to €151,595
mainly Net result for the year (+€40,539) and Other debts (+€36,381)
- Deferred charges and accrued income +€18,383
up €18,383 (+103.7%), from €17,727 to €36,110
- Tangible fixed assets -€7,833
down €7,833 (-42.2%), from €18,565 to €10,732
of which Furniture and vehicles: -€6,335
- Receivables within one year +€5,875
up €5,875, from €0 to €5,875
of which Trade receivables: +€5,500
- Other debts +€36,381
up €36,381 (+1610.7%), from €2,259 to €38,640
- Gross operating margin -€8,291
down €8,291 (-11.7%), from €70,963 to €62,671
- Taxes -€3,573
down €3,573 (-23.5%), from €15,197 to €11,624
- Other operating charges +€802
up €802 (+188.5%), from €425 to €1,227
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 | €167,242 | €204,312 | +€37,070 | +22.2% |
| Fixed assets | 21/28 | €18,565 | €10,732 | -€7,833 | -42.2% |
| Tangible fixed assets | 22/27 | €18,565 | €10,732 | -€7,833 | -42.2% |
| Plant, machinery and equipment | 23 | €6,805 | €5,307 | -€1,498 | -22.0% |
| Furniture and vehicles | 24 | €11,760 | €5,424 | -€6,335 | -53.9% |
| Current assets | 29/58 | €148,677 | €193,580 | +€44,903 | +30.2% |
| Amounts receivable within one year | 40/41 | €0 | €5,875 | +€5,875 | |
| Trade receivables | 40 | - | €5,500 | +€5,500 | |
| Other amounts receivable | 41 | €0 | €375 | +€375 | |
| Cash at bank and in hand | 54/58 | €130,950 | €151,595 | +€20,646 | +15.8% |
| Deferred charges and accrued income | 490/1 | €17,727 | €36,110 | +€18,383 | +103.7% |
| Total equity and liabilities | 10/49 | €167,242 | €204,312 | +€37,070 | +22.2% |
| Equity | 10/15 | €138,961 | €138,961 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €136,961 | €136,961 | = | 0.0% |
| Distributable reserves | 133 | €136,961 | €136,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,280 | €65,351 | +€37,070 | +131.1% |
| Amounts payable within one year | 42/48 | €8,986 | €44,845 | +€35,859 | +399.1% |
| Trade debts | 44 | €1,530 | €125 | -€1,406 | -91.9% |
| Suppliers | 440/4 | €1,530 | €125 | -€1,406 | -91.9% |
| Taxes, remuneration and social security | 45 | €5,197 | €6,081 | +€884 | +17.0% |
| Taxes | 450/3 | €5,197 | €6,081 | +€884 | +17.0% |
| Other amounts payable | 47/48 | €2,259 | €38,640 | +€36,381 | +1610.7% |
| Accrued charges and deferred income | 492/3 | €19,295 | €20,505 | +€1,211 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,336 | €9,132 | -€204 | -2.2% |
| Other operating charges | 640/8 | €425 | €1,227 | +€802 | +188.5% |
| Gross operating margin | 9900 | €70,963 | €62,671 | -€8,291 | -11.7% |
| Operating profit (loss) | 9901 | €61,201 | €52,312 | -€8,889 | -14.5% |
| Financial income | 75/76B | €10 | €1 | -€9 | -90.4% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.4% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €61,076 | €52,163 | -€8,913 | -14.6% |
| Income taxes | 67/77 | €15,197 | €11,624 | -€3,573 | -23.5% |
| Profit (loss) for the period | 9904 | €45,879 | €40,539 | -€5,340 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,879 | €40,539 | -€5,340 | -11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.