Frederic Debusseré: 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 Debusseré
Largest movements
- Current investments -€590,500
down €590,500 (-75.7%), from €780,500 to €190,000
- Cash +€413,222
up €413,222 (+340.2%), from €121,463 to €534,685
mainly Current investments (+€590,500) and Net result for the year (+€282,371)
- Receivables within one year -€15,217
down €15,217 (-30.5%), from €49,819 to €34,602
of which Other amounts receivable: -€14,352
- Reserves -€269,583
down €269,583 (-40.8%), from €661,304 to €391,722
of which Distributable reserves: -€269,583
- Other debts +€48,758
up €48,758 (+22.6%), from €215,675 to €264,433
- Tax, wage and social debts +€27,691
up €27,691 (+47.4%), from €58,374 to €86,065
of which Taxes: +€27,691
- Gross operating margin +€64,318
up €64,318 (+22.5%), from €286,116 to €350,434
- Taxes +€17,666
up €17,666 (+25.2%), from €70,004 to €87,670
- Financial income +€6,436
up €6,436 (+44.4%), from €14,505 to €20,941
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 | €953,953 | €760,820 | -€193,133 | -20.2% |
| Fixed assets | 21/28 | €2,171 | €1,533 | -€639 | -29.4% |
| Tangible fixed assets | 22/27 | €2,171 | €1,533 | -€639 | -29.4% |
| Plant, machinery and equipment | 23 | €1,541 | €1,156 | -€385 | -25.0% |
| Furniture and vehicles | 24 | €630 | €377 | -€253 | -40.2% |
| Current assets | 29/58 | €951,782 | €759,287 | -€192,495 | -20.2% |
| Amounts receivable within one year | 40/41 | €49,819 | €34,602 | -€15,217 | -30.5% |
| Trade receivables | 40 | €35,466 | €34,602 | -€865 | -2.4% |
| Other amounts receivable | 41 | €14,352 | - | -€14,352 | |
| Current investments | 50/53 | €780,500 | €190,000 | -€590,500 | -75.7% |
| Cash at bank and in hand | 54/58 | €121,463 | €534,685 | +€413,222 | +340.2% |
| Total equity and liabilities | 10/49 | €953,953 | €760,820 | -€193,133 | -20.2% |
| Equity | 10/15 | €679,904 | €410,322 | -€269,583 | -39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €661,304 | €391,722 | -€269,583 | -40.8% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €660,064 | €390,482 | -€269,583 | -40.8% |
| Amounts payable | 17/49 | €274,049 | €350,498 | +€76,449 | +27.9% |
| Amounts payable within one year | 42/48 | €274,049 | €350,498 | +€76,449 | +27.9% |
| Taxes, remuneration and social security | 45 | €58,374 | €86,065 | +€27,691 | +47.4% |
| Taxes | 450/3 | €55,824 | €83,515 | +€27,691 | +49.6% |
| Remuneration and social security | 454/9 | €2,550 | €2,550 | = | 0.0% |
| Other amounts payable | 47/48 | €215,675 | €264,433 | +€48,758 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €798 | €639 | -€159 | -20.0% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €286,116 | €350,434 | +€64,318 | +22.5% |
| Operating profit (loss) | 9901 | €284,793 | €349,264 | +€64,471 | +22.6% |
| Financial income | 75/76B | €14,505 | €20,941 | +€6,436 | +44.4% |
| Recurring financial income | 75 | €14,505 | €20,941 | +€6,436 | +44.4% |
| Financial charges | 65/66B | €152 | €164 | +€12 | +8.1% |
| Recurring financial charges | 65 | €152 | €164 | +€12 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €299,147 | €370,041 | +€70,895 | +23.7% |
| Income taxes | 67/77 | €70,004 | €87,670 | +€17,666 | +25.2% |
| Profit (loss) for the period | 9904 | €229,142 | €282,371 | +€53,229 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €229,142 | €282,371 | +€53,229 | +23.2% |
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 11 October 2026 via checked.be.