Etienne DEBRAS: 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.
Etienne DEBRAS
Largest movements
- Receivables after one year -€37,470
down €37,470 (-17.9%), from €209,283 to €171,813
- Tangible fixed assets +€20,452
up €20,452 (+33.9%), from €60,387 to €80,839
of which Plant, machinery and equipment: +€20,590
- Receivables within one year +€11,360
up €11,360 (+33.7%), from €33,759 to €45,119
- Cash -€6,586
no longer reported in 2025 (was €6,586)
mainly Investment in fixed assets (net) (-€24,000) and Net result for the year (-€18,657)
- Profit (loss) carried forward -€18,657
down €18,657, from €13,441 to -€5,216
- Short-term financial debts +€11,203
new in 2025: €11,203
- Tax, wage and social debts -€3,922
no longer reported in 2025 (was €3,922)
- Turnover -€58,719
no longer reported in 2025 (was €58,719)
- Other operating charges -€52,051
down €52,051 (-92.7%), from €56,159 to €4,108
- Gross operating margin -€51,841
down €51,841, from €42,037 to -€9,804
- Purchases and services -€2,556
down €2,556 (-11.1%), from €22,925 to €20,369
- Financial charges -€1,885
down €1,885 (-61.2%), from €3,082 to €1,197
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 | €312,555 | €297,771 | -€14,784 | -4.7% |
| Fixed assets | 21/28 | €60,387 | €80,839 | +€20,452 | +33.9% |
| Tangible fixed assets | 22/27 | €60,387 | €80,839 | +€20,452 | +33.9% |
| Land and buildings | 22 | €51,694 | €51,556 | -€138 | -0.3% |
| Plant, machinery and equipment | 23 | €8,144 | €28,734 | +€20,590 | +253% |
| Furniture and vehicles | 24 | €549 | €549 | = | 0.0% |
| Current assets | 29/58 | €252,168 | €216,932 | -€35,236 | -14.0% |
| Amounts receivable after more than one year | 29 | €209,283 | €171,813 | -€37,470 | -17.9% |
| Other amounts receivable | 291 | €209,283 | €171,813 | -€37,470 | -17.9% |
| Stocks and contracts in progress | 3 | €2,540 | - | -€2,540 | |
| Stocks | 30/36 | €2,540 | - | -€2,540 | |
| Amounts receivable within one year | 40/41 | €33,759 | €45,119 | +€11,360 | +33.7% |
| Other amounts receivable | 41 | €33,759 | €45,119 | +€11,360 | +33.7% |
| Cash at bank and in hand | 54/58 | €6,586 | - | -€6,586 | |
| Total equity and liabilities | 10/49 | €312,555 | €297,771 | -€14,784 | -4.7% |
| Equity | 10/15 | €297,278 | €278,621 | -€18,657 | -6.3% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Revaluation surpluses | 12 | €38,423 | €38,423 | = | 0.0% |
| Reserves | 13 | €22,310 | €22,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,441 | -€5,216 | -€18,657 | |
| Amounts payable | 17/49 | €15,277 | €19,150 | +€3,873 | +25.4% |
| Amounts payable within one year | 42/48 | €15,277 | €19,150 | +€3,873 | +25.4% |
| Financial debts | 43 | - | €11,203 | +€11,203 | |
| Credit institutions | 430/8 | - | €11,203 | +€11,203 | |
| Trade debts | 44 | €9,815 | €7,947 | -€1,868 | -19.0% |
| Suppliers | 440/4 | €9,815 | €7,947 | -€1,868 | -19.0% |
| Taxes, remuneration and social security | 45 | €3,922 | - | -€3,922 | |
| Taxes | 450/3 | €3,922 | - | -€3,922 | |
| Other amounts payable | 47/48 | €1,540 | €0 | -€1,540 | -100% |
| Turnover | 70 | €58,719 | - | -€58,719 | |
| Non-recurring operating income | 76A | €6,243 | €10,565 | +€4,322 | +69.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,925 | €20,369 | -€2,556 | -11.1% |
| Remuneration, social security and pensions | 62 | €173 | - | -€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,993 | €3,548 | -€445 | -11.1% |
| Other operating charges | 640/8 | €56,159 | €4,108 | -€52,051 | -92.7% |
| Gross operating margin | 9900 | €42,037 | -€9,804 | -€51,841 | |
| Operating profit (loss) | 9901 | -€18,288 | -€17,460 | +€828 | +4.5% |
| Financial charges | 65/66B | €3,082 | €1,197 | -€1,885 | -61.2% |
| Recurring financial charges | 65 | €3,082 | €1,197 | -€1,885 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,370 | -€18,657 | +€2,713 | +12.7% |
| Profit (loss) for the period | 9904 | -€21,370 | -€18,657 | +€2,713 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,370 | -€18,657 | +€2,713 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.