MANAGEMENT GERARD DEBOUCHE: 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.
MANAGEMENT GERARD DEBOUCHE
Largest movements
- Cash +€157,912
up €157,912 (+174%), from €90,661 to €248,573
mainly Net result for the year (+€78,396) and Other debts (+€74,528)
- Receivables within one year -€41,342
no longer reported in 2025 (was €41,342)
- Tangible fixed assets -€15,959
down €15,959 (-29.5%), from €54,150 to €38,191
of which Furniture and vehicles: -€17,617
- Profit (loss) carried forward -€83,025
no longer reported in 2025 (was €83,025)
- Reserves +€78,396
up €78,396 (+125%), from €62,546 to €140,941
- Other debts +€74,528
up €74,528 (+1,047%), from €7,121 to €81,649
- Tax, wage and social debts +€31,145
up €31,145 (+102%), from €30,622 to €61,767
of which Taxes: +€31,131
- Gross operating margin +€64,374
up €64,374 (+90.0%), from €71,514 to €135,888
- Taxes +€18,553
up €18,553 (+105%), from €17,587 to €36,140
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 | €187,852 | €288,366 | +€100,514 | +53.5% |
| Fixed assets | 21/28 | €54,150 | €38,191 | -€15,959 | -29.5% |
| Tangible fixed assets | 22/27 | €54,150 | €38,191 | -€15,959 | -29.5% |
| Furniture and vehicles | 24 | €54,150 | €36,534 | -€17,617 | -32.5% |
| Other tangible fixed assets | 26 | - | €1,657 | +€1,657 | |
| Current assets | 29/58 | €133,701 | €250,174 | +€116,473 | +87.1% |
| Amounts receivable within one year | 40/41 | €41,342 | - | -€41,342 | |
| Trade receivables | 40 | €41,342 | - | -€41,342 | |
| Cash at bank and in hand | 54/58 | €90,661 | €248,573 | +€157,912 | +174% |
| Deferred charges and accrued income | 490/1 | €1,698 | €1,602 | -€97 | -5.7% |
| Total equity and liabilities | 10/49 | €187,852 | €288,366 | +€100,514 | +53.5% |
| Equity | 10/15 | €147,570 | €142,941 | -€4,629 | -3.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €62,546 | €140,941 | +€78,396 | +125% |
| Distributable reserves | 133 | €62,546 | €140,941 | +€78,396 | +125% |
| Profit (loss) carried forward | 14 | €83,025 | - | -€83,025 | |
| Amounts payable | 17/49 | €40,282 | €145,425 | +€105,143 | +261% |
| Amounts payable within one year | 42/48 | €40,282 | €145,425 | +€105,143 | +261% |
| Trade debts | 44 | €2,539 | €2,009 | -€530 | -20.9% |
| Suppliers | 440/4 | €2,539 | €2,009 | -€530 | -20.9% |
| Taxes, remuneration and social security | 45 | €30,622 | €61,767 | +€31,145 | +102% |
| Taxes | 450/3 | €28,122 | €59,253 | +€31,131 | +111% |
| Remuneration and social security | 454/9 | €2,500 | €2,514 | +€14 | +0.6% |
| Other amounts payable | 47/48 | €7,121 | €81,649 | +€74,528 | +1,047% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,138 | €19,465 | +€1,328 | +7.3% |
| Other operating charges | 640/8 | €1,887 | €1,698 | -€189 | -10.0% |
| Gross operating margin | 9900 | €71,514 | €135,888 | +€64,374 | +90.0% |
| Operating profit (loss) | 9901 | €51,490 | €114,725 | +€63,235 | +123% |
| Financial charges | 65/66B | €243 | €190 | -€54 | -22.1% |
| Recurring financial charges | 65 | €243 | €190 | -€54 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €51,247 | €114,535 | +€63,289 | +123% |
| Income taxes | 67/77 | €17,587 | €36,140 | +€18,553 | +105% |
| Profit (loss) for the period | 9904 | €33,660 | €78,396 | +€44,736 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €33,660 | €78,396 | +€44,736 | +133% |
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 20 October 2026 via checked.be.