FREDERIC DEBERT: 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.
FREDERIC DEBERT
Largest movements
- Tangible fixed assets -€45,034
down €45,034 (-40.9%), from €110,106 to €65,072
of which Furniture and vehicles: -€26,973
- Receivables within one year +€14,329
up €14,329 (+260%), from €5,518 to €19,847
of which Other amounts receivable: +€19,721
- Cash +€5,784
up €5,784 (+55.0%), from €10,523 to €16,307
mainly Investment in fixed assets (net) (+€23,438) and Depreciation (+€21,776)
- Deferred charges and accrued income +€2,389
up €2,389 (+92.1%), from €2,594 to €4,982
- Other debts -€24,483
down €24,483 (-100%), from €24,483 to €0
- Profit (loss) carried forward +€5,975
up €5,975 (+88.9%), from -€6,724 to -€749
- Tax, wage and social debts -€4,701
down €4,701 (-95.5%), from €4,925 to €224
- Depreciation -€19,037
down €19,037 (-46.6%), from €40,812 to €21,776
- Gross operating margin +€5,308
up €5,308 (+10.7%), from €49,834 to €55,143
- Other operating charges -€3,886
down €3,886 (-24.9%), from €15,615 to €11,729
- Taxes +€1,816
up €1,816 (+811%), from €224 to €2,040
- Financial income -€1,308
down €1,308 (-100%), from €1,308 to €0
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 | €128,920 | €106,209 | -€22,712 | -17.6% |
| Fixed assets | 21/28 | €110,286 | €65,072 | -€45,214 | -41.0% |
| Tangible fixed assets | 22/27 | €110,106 | €65,072 | -€45,034 | -40.9% |
| Land and buildings | 22 | €74,766 | €62,000 | -€12,766 | -17.1% |
| Plant, machinery and equipment | 23 | €4,244 | €3,072 | -€1,172 | -27.6% |
| Furniture and vehicles | 24 | €26,973 | €0 | -€26,973 | -100% |
| Other tangible fixed assets | 26 | €4,123 | €0 | -€4,123 | -100% |
| Financial fixed assets | 28 | €180 | €0 | -€180 | -100% |
| Current assets | 29/58 | €18,634 | €41,137 | +€22,502 | +121% |
| Amounts receivable within one year | 40/41 | €5,518 | €19,847 | +€14,329 | +260% |
| Trade receivables | 40 | €5,391 | €0 | -€5,391 | -100% |
| Other amounts receivable | 41 | €126 | €19,847 | +€19,721 | +15,597% |
| Cash at bank and in hand | 54/58 | €10,523 | €16,307 | +€5,784 | +55.0% |
| Deferred charges and accrued income | 490/1 | €2,594 | €4,982 | +€2,389 | +92.1% |
| Total equity and liabilities | 10/49 | €128,920 | €106,209 | -€22,712 | -17.6% |
| Equity | 10/15 | €98,026 | €104,001 | +€5,975 | +6.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €29,750 | €29,750 | = | 0.0% |
| Distributable reserves | 133 | €29,750 | €29,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,724 | -€749 | +€5,975 | +88.9% |
| Amounts payable | 17/49 | €30,894 | €2,208 | -€28,687 | -92.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,869 | €2,208 | -€28,662 | -92.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,461 | €1,984 | +€522 | +35.7% |
| Suppliers | 440/4 | €1,461 | €1,984 | +€522 | +35.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,925 | €224 | -€4,701 | -95.5% |
| Taxes | 450/3 | €4,925 | €224 | -€4,701 | -95.5% |
| Other amounts payable | 47/48 | €24,483 | €0 | -€24,483 | -100% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,812 | €21,776 | -€19,037 | -46.6% |
| Other operating charges | 640/8 | €15,615 | €11,729 | -€3,886 | -24.9% |
| Non-recurring operating charges | 66A | €416 | €13,258 | +€12,842 | +3,085% |
| Gross operating margin | 9900 | €49,834 | €55,143 | +€5,308 | +10.7% |
| Operating profit (loss) | 9901 | -€7,010 | €8,379 | +€15,389 | |
| Financial income | 75/76B | €1,308 | €0 | -€1,308 | -100% |
| Recurring financial income | 75 | €1,308 | €0 | -€1,308 | -100% |
| Financial charges | 65/66B | €798 | €364 | -€434 | -54.4% |
| Recurring financial charges | 65 | €798 | €364 | -€434 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,500 | €8,015 | +€14,515 | |
| Income taxes | 67/77 | €224 | €2,040 | +€1,816 | +811% |
| Profit (loss) for the period | 9904 | -€6,724 | €5,975 | +€12,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,724 | €5,975 | +€12,699 |
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 19 October 2026 via checked.be.