MODELMAKERIJ DEBRU: 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.
MODELMAKERIJ DEBRU
Largest movements
- Receivables within one year -€66,766
down €66,766 (-77.5%), from €86,153 to €19,387
of which Other amounts receivable: -€73,039
- Cash -€9,689
down €9,689 (-13.2%), from €73,412 to €63,723
mainly Contributions, distributions and other (-€256,450) and Investment in fixed assets (net) (-€10,552)
- Reserves -€167,999
down €167,999 (-46.7%), from €359,874 to €191,875
of which Distributable reserves: -€166,329
- Other debts +€81,401
up €81,401 (+181%), from €45,000 to €126,401
- Gross operating margin +€24,379
up €24,379 (+23.8%), from €102,450 to €126,829
- Taxes +€7,576
up €7,576 (+70.4%), from €10,765 to €18,341
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 | €937,036 | €852,456 | -€84,580 | -9.0% |
| Fixed assets | 21/28 | €654,402 | €647,267 | -€7,135 | -1.1% |
| Intangible fixed assets | 21 | €441,986 | €441,986 | = | 0.0% |
| Tangible fixed assets | 22/27 | €212,416 | €205,281 | -€7,135 | -3.4% |
| Land and buildings | 22 | €186,769 | €175,638 | -€11,130 | -6.0% |
| Plant, machinery and equipment | 23 | €25,647 | €26,529 | +€882 | +3.4% |
| Furniture and vehicles | 24 | - | €3,113 | +€3,113 | |
| Current assets | 29/58 | €282,634 | €205,189 | -€77,445 | -27.4% |
| Amounts receivable after more than one year | 29 | €116,000 | €116,000 | = | 0.0% |
| Other amounts receivable | 291 | €116,000 | €116,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,153 | €19,387 | -€66,766 | -77.5% |
| Trade receivables | 40 | €13,113 | €19,387 | +€6,274 | +47.8% |
| Other amounts receivable | 41 | €73,039 | - | -€73,039 | |
| Cash at bank and in hand | 54/58 | €73,412 | €63,723 | -€9,689 | -13.2% |
| Deferred charges and accrued income | 490/1 | €6,069 | €5,078 | -€991 | -16.3% |
| Total equity and liabilities | 10/49 | €937,036 | €852,456 | -€84,580 | -9.0% |
| Equity | 10/15 | €820,655 | €652,656 | -€167,999 | -20.5% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €359,874 | €191,875 | -€167,999 | -46.7% |
| Tax-exempt reserves | 132 | €42,192 | €40,522 | -€1,670 | -4.0% |
| Distributable reserves | 133 | €317,682 | €151,353 | -€166,329 | -52.4% |
| Profit (loss) carried forward | 14 | €165,781 | €165,781 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,860 | €5,443 | -€417 | -7.1% |
| Deferred taxes | 168 | €5,860 | €5,443 | -€417 | -7.1% |
| Amounts payable | 17/49 | €110,520 | €194,356 | +€83,836 | +75.9% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,270 | €147,106 | +€83,836 | +133% |
| Current portion of amounts payable after more than one year | 42 | €3,394 | €3,394 | = | 0.0% |
| Trade debts | 44 | €2,563 | €1,989 | -€574 | -22.4% |
| Suppliers | 440/4 | €2,563 | €1,989 | -€574 | -22.4% |
| Taxes, remuneration and social security | 45 | €12,312 | €15,322 | +€3,009 | +24.4% |
| Taxes | 450/3 | €12,312 | €15,322 | +€3,009 | +24.4% |
| Other amounts payable | 47/48 | €45,000 | €126,401 | +€81,401 | +181% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,432 | €17,687 | -€745 | -4.0% |
| Other operating charges | 640/8 | €3,888 | €4,185 | +€296 | +7.6% |
| Gross operating margin | 9900 | €102,450 | €126,829 | +€24,379 | +23.8% |
| Operating profit (loss) | 9901 | €80,130 | €104,957 | +€24,827 | +31.0% |
| Financial income | 75/76B | €4,974 | €5,504 | +€531 | +10.7% |
| Recurring financial income | 75 | €4,974 | €5,504 | +€531 | +10.7% |
| Financial charges | 65/66B | €4,254 | €4,086 | -€168 | -3.9% |
| Recurring financial charges | 65 | €4,254 | €4,086 | -€168 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €80,849 | €106,375 | +€25,525 | +31.6% |
| Transfer from deferred taxes | 780 | €417 | €417 | = | 0.0% |
| Income taxes | 67/77 | €10,765 | €18,341 | +€7,576 | +70.4% |
| Profit (loss) for the period | 9904 | €70,501 | €88,451 | +€17,950 | +25.5% |
| Transfer from tax-exempt reserves | 789 | €1,670 | €1,670 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,171 | €90,121 | +€17,950 | +24.9% |
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 13 October 2026 via checked.be.