Steve Debruyne: what changed
Two fiscal 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.
Steve Debruyne
Largest movements
- Receivables after one year +€27,000
new in 2025: €27,000
- Cash -€18,107
down €18,107 (-49.7%), from €36,444 to €18,337
mainly Receivables after one year (-€27,000) and Tax, wage and social debts (-€8,502)
- Receivables within one year -€8,120
down €8,120 (-51.7%), from €15,720 to €7,600
- Current investments -€6,500
down €6,500 (-43.3%), from €15,000 to €8,500
- Tax, wage and social debts -€8,502
down €8,502 (-42.0%), from €20,248 to €11,747
- Reserves +€3,005
up €3,005 (+7.5%), from €40,178 to €43,183
- Trade debts -€1,413
down €1,413 (-90.6%), from €1,559 to €146
- Gross operating margin -€31,076
down €31,076 (-70.5%), from €44,094 to €13,018
- Taxes -€8,807
down €8,807 (-76.7%), from €11,485 to €2,678
- Financial income +€2,158
up €2,158 (+43079.6%), from €5 to €2,163
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 | €76,985 | €70,841 | -€6,144 | -8.0% |
| Fixed assets | 21/28 | €7,377 | €6,723 | -€654 | -8.9% |
| Tangible fixed assets | 22/27 | €7,377 | €6,723 | -€654 | -8.9% |
| Plant, machinery and equipment | 23 | €4,380 | €3,532 | -€848 | -19.4% |
| Furniture and vehicles | 24 | €2,997 | €3,190 | +€193 | +6.5% |
| Current assets | 29/58 | €69,608 | €64,118 | -€5,490 | -7.9% |
| Amounts receivable after more than one year | 29 | - | €27,000 | +€27,000 | |
| Other amounts receivable | 291 | - | €27,000 | +€27,000 | |
| Amounts receivable within one year | 40/41 | €15,720 | €7,600 | -€8,120 | -51.7% |
| Trade receivables | 40 | €15,720 | €7,600 | -€8,120 | -51.7% |
| Current investments | 50/53 | €15,000 | €8,500 | -€6,500 | -43.3% |
| Cash at bank and in hand | 54/58 | €36,444 | €18,337 | -€18,107 | -49.7% |
| Deferred charges and accrued income | 490/1 | €2,444 | €2,681 | +€237 | +9.7% |
| Total equity and liabilities | 10/49 | €76,985 | €70,841 | -€6,144 | -8.0% |
| Equity | 10/15 | €55,178 | €58,183 | +€3,005 | +5.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €40,178 | €43,183 | +€3,005 | +7.5% |
| Distributable reserves | 133 | €40,178 | €43,183 | +€3,005 | +7.5% |
| Amounts payable | 17/49 | €21,807 | €12,658 | -€9,149 | -42.0% |
| Amounts payable within one year | 42/48 | €21,807 | €12,658 | -€9,149 | -42.0% |
| Trade debts | 44 | €1,559 | €146 | -€1,413 | -90.6% |
| Suppliers | 440/4 | €1,559 | €146 | -€1,413 | -90.6% |
| Taxes, remuneration and social security | 45 | €20,248 | €11,747 | -€8,502 | -42.0% |
| Taxes | 450/3 | €20,248 | €11,747 | -€8,502 | -42.0% |
| Other amounts payable | 47/48 | - | €765 | +€765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622 | €1,804 | +€183 | +11.3% |
| Other operating charges | 640/8 | €1,092 | €1,381 | +€289 | +26.4% |
| Non-recurring operating charges | 66A | €472 | €3,748 | +€3,275 | +693.5% |
| Gross operating margin | 9900 | €44,094 | €13,018 | -€31,076 | -70.5% |
| Operating profit (loss) | 9901 | €40,907 | €6,085 | -€34,822 | -85.1% |
| Financial income | 75/76B | €5 | €2,163 | +€2,158 | +43079.6% |
| Recurring financial income | 75 | €5 | €2,163 | +€2,158 | +43079.6% |
| Financial charges | 65/66B | €2,410 | €2,565 | +€155 | +6.4% |
| Recurring financial charges | 65 | €2,410 | €2,565 | +€155 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €38,502 | €5,683 | -€32,820 | -85.2% |
| Income taxes | 67/77 | €11,485 | €2,678 | -€8,807 | -76.7% |
| Profit (loss) for the period | 9904 | €27,018 | €3,005 | -€24,012 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,018 | €3,005 | -€24,012 | -88.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.