STEFAAN DEBEVER: 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.
STEFAAN DEBEVER
Largest movements
- Cash +€14,299
up €14,299 (+20.3%), from €70,296 to €84,594
mainly Net result for the year (+€22,443) and Depreciation (+€3,709)
- Reserves +€22,443
up €22,443 (+8.5%), from €264,107 to €286,551
- Other debts -€7,110
no longer reported in 2025 (was €7,110)
- Other operating charges -€6,522
down €6,522 (-77.1%), from €8,459 to €1,938
- Gross operating margin -€5,854
down €5,854 (-12.7%), from €46,131 to €40,277
- Financial charges +€1,588
up €1,588 (+132%), from €1,203 to €2,791
- Depreciation -€820
down €820 (-18.1%), from €4,529 to €3,709
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 | €413,850 | €426,652 | +€12,802 | +3.1% |
| Fixed assets | 21/28 | €57,344 | €55,827 | -€1,517 | -2.6% |
| Tangible fixed assets | 22/27 | €57,344 | €55,827 | -€1,517 | -2.6% |
| Furniture and vehicles | 24 | €660 | €2,041 | +€1,381 | +209% |
| Leasing and similar rights | 25 | €56,684 | €53,786 | -€2,898 | -5.1% |
| Current assets | 29/58 | €356,507 | €370,825 | +€14,318 | +4.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €175,911 | €176,189 | +€279 | +0.2% |
| Stocks | 30/36 | €175,911 | €176,189 | +€279 | +0.2% |
| Amounts receivable within one year | 40/41 | €9,546 | €9,249 | -€297 | -3.1% |
| Trade receivables | 40 | €1,726 | €2,062 | +€336 | +19.4% |
| Other amounts receivable | 41 | €7,820 | €7,187 | -€633 | -8.1% |
| Cash at bank and in hand | 54/58 | €70,296 | €84,594 | +€14,299 | +20.3% |
| Deferred charges and accrued income | 490/1 | €754 | €792 | +€38 | +5.1% |
| Total equity and liabilities | 10/49 | €413,850 | €426,652 | +€12,802 | +3.1% |
| Equity | 10/15 | €395,027 | €417,471 | +€22,443 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €264,107 | €286,551 | +€22,443 | +8.5% |
| Distributable reserves | 133 | €264,107 | €286,551 | +€22,443 | +8.5% |
| Profit (loss) carried forward | 14 | €118,520 | €118,520 | = | 0.0% |
| Amounts payable | 17/49 | €18,823 | €9,181 | -€9,642 | -51.2% |
| Amounts payable after more than one year | 17 | €3,889 | - | -€3,889 | |
| Financial debts | 170/4 | €3,889 | - | -€3,889 | |
| Amounts payable within one year | 42/48 | €14,934 | €9,181 | -€5,753 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €4,667 | €3,889 | -€778 | -16.7% |
| Trade debts | 44 | €913 | €1,750 | +€837 | +91.7% |
| Suppliers | 440/4 | €913 | €1,750 | +€837 | +91.7% |
| Taxes, remuneration and social security | 45 | €2,245 | €3,542 | +€1,298 | +57.8% |
| Taxes | 450/3 | €2,245 | €3,542 | +€1,298 | +57.8% |
| Other amounts payable | 47/48 | €7,110 | - | -€7,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,529 | €3,709 | -€820 | -18.1% |
| Other operating charges | 640/8 | €8,459 | €1,938 | -€6,522 | -77.1% |
| Gross operating margin | 9900 | €46,131 | €40,277 | -€5,854 | -12.7% |
| Operating profit (loss) | 9901 | €33,144 | €34,631 | +€1,487 | +4.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,203 | €2,791 | +€1,588 | +132% |
| Recurring financial charges | 65 | €1,203 | €2,791 | +€1,588 | +132% |
| Profit (loss) for the period before taxes | 9903 | €31,940 | €31,848 | -€93 | -0.3% |
| Income taxes | 67/77 | €9,358 | €9,404 | +€47 | +0.5% |
| Profit (loss) for the period | 9904 | €22,583 | €22,443 | -€139 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,583 | €22,443 | -€139 | -0.6% |
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 27 October 2026 via checked.be.