FREDERIC DEBOUCHE MANAGEMENT: 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 DEBOUCHE MANAGEMENT
Largest movements
- Receivables within one year -€821,425
down €821,425 (-98.9%), from €830,921 to €9,496
of which Other amounts receivable: -€810,881
- Receivables after one year +€681,139
new in 2025: €681,139
- Tangible fixed assets -€10,686
down €10,686 (-26.2%), from €40,746 to €30,060
- Debts after one year -€115,387
down €115,387 (-62.2%), from €185,656 to €70,269
- Profit (loss) carried forward -€41,939
down €41,939 (-7.6%), from €552,869 to €510,929
- Gross operating margin -€4,136
down €4,136 (-33.7%), from €12,289 to €8,153
- Taxes -€2,697
down €2,697 (-93.7%), from €2,879 to €182
- Staff costs -€2,474
no longer reported in 2025 (was €2,474)
- Financial charges -€1,894
down €1,894 (-40.1%), from €4,720 to €2,826
- Other operating charges +€618
up €618 (+61.6%), from €1,002 to €1,620
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 | €883,450 | €730,047 | -€153,403 | -17.4% |
| Fixed assets | 21/28 | €40,746 | €30,060 | -€10,686 | -26.2% |
| Tangible fixed assets | 22/27 | €40,746 | €30,060 | -€10,686 | -26.2% |
| Furniture and vehicles | 24 | €40,746 | €30,060 | -€10,686 | -26.2% |
| Current assets | 29/58 | €842,703 | €699,987 | -€142,717 | -16.9% |
| Amounts receivable after more than one year | 29 | - | €681,139 | +€681,139 | |
| Other amounts receivable | 291 | - | €681,139 | +€681,139 | |
| Amounts receivable within one year | 40/41 | €830,921 | €9,496 | -€821,425 | -98.9% |
| Trade receivables | 40 | €10,673 | €129 | -€10,544 | -98.8% |
| Other amounts receivable | 41 | €820,248 | €9,367 | -€810,881 | -98.9% |
| Cash at bank and in hand | 54/58 | €11,783 | €7,091 | -€4,692 | -39.8% |
| Deferred charges and accrued income | 490/1 | - | €2,261 | +€2,261 | |
| Total equity and liabilities | 10/49 | €883,450 | €730,047 | -€153,403 | -17.4% |
| Equity | 10/15 | €574,799 | €532,859 | -€41,939 | -7.3% |
| Contributions | 10/11 | €19,930 | €19,930 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,869 | €510,929 | -€41,939 | -7.6% |
| Amounts payable | 17/49 | €308,651 | €197,188 | -€111,464 | -36.1% |
| Amounts payable after more than one year | 17 | €185,656 | €70,269 | -€115,387 | -62.2% |
| Financial debts | 170/4 | €185,656 | €70,269 | -€115,387 | -62.2% |
| Amounts payable within one year | 42/48 | €122,995 | €126,918 | +€3,923 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €105,397 | €105,245 | -€152 | -0.1% |
| Trade debts | 44 | - | €7,105 | +€7,105 | |
| Suppliers | 440/4 | - | €7,105 | +€7,105 | |
| Taxes, remuneration and social security | 45 | €17,135 | €14,569 | -€2,566 | -15.0% |
| Taxes | 450/3 | €17,135 | €14,569 | -€2,566 | -15.0% |
| Other amounts payable | 47/48 | €463 | - | -€463 | |
| Remuneration, social security and pensions | 62 | €2,474 | - | -€2,474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,626 | €11,968 | +€341 | +2.9% |
| Other operating charges | 640/8 | €1,002 | €1,620 | +€618 | +61.6% |
| Gross operating margin | 9900 | €12,289 | €8,153 | -€4,136 | -33.7% |
| Operating profit (loss) | 9901 | -€2,814 | -€5,435 | -€2,621 | -93.2% |
| Financial income | 75/76B | €2,003 | €1,799 | -€204 | -10.2% |
| Recurring financial income | 75 | €2,003 | €1,799 | -€204 | -10.2% |
| Financial charges | 65/66B | €4,720 | €2,826 | -€1,894 | -40.1% |
| Recurring financial charges | 65 | €4,720 | €2,826 | -€1,894 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,530 | -€6,462 | -€932 | -16.9% |
| Income taxes | 67/77 | €2,879 | €182 | -€2,697 | -93.7% |
| Profit (loss) for the period | 9904 | -€8,410 | -€6,644 | +€1,765 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,410 | -€6,644 | +€1,765 | +21.0% |
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 31 October 2026 via checked.be.