UDO DEBECKER: 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.
UDO DEBECKER
Largest movements
- Receivables within one year +€123,637
up €123,637 (+61.8%), from €199,959 to €323,595
of which Trade receivables: +€83,361
- Cash -€48,666
down €48,666 (-23.5%), from €207,247 to €158,581
mainly Receivables within one year (-€123,637) and Other debts (-€48,166)
- Tangible fixed assets -€31,306
down €31,306 (-26.6%), from €117,818 to €86,513
of which Furniture and vehicles: -€19,732
- Trade debts +€134,820
up €134,820 (+55.9%), from €241,160 to €375,980
- Other debts -€48,166
down €48,166 (-59.0%), from €81,581 to €33,415
- Debts after one year -€36,290
down €36,290 (-40.2%), from €90,211 to €53,921
- Current portion of long-term debt -€18,766
down €18,766 (-50.4%), from €37,206 to €18,441
- Reserves +€12,461
up €12,461 (+10.4%), from €119,584 to €132,045
of which Distributable reserves: +€12,461
- Gross operating margin +€41,119
up €41,119 (+19.1%), from €214,932 to €256,052
- Staff costs +€35,386
up €35,386 (+28.1%), from €125,948 to €161,334
- Taxes +€6,501
up €6,501 (+33.9%), from €19,167 to €25,669
- Financial charges -€5,777
down €5,777 (-39.3%), from €14,707 to €8,930
- Other operating charges -€2,735
down €2,735 (-14.8%), from €18,423 to €15,688
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 | €864,999 | €907,003 | +€42,003 | +4.9% |
| Fixed assets | 21/28 | €120,173 | €95,240 | -€24,933 | -20.7% |
| Intangible fixed assets | 21 | - | €6,372 | +€6,372 | |
| Tangible fixed assets | 22/27 | €117,818 | €86,513 | -€31,306 | -26.6% |
| Plant, machinery and equipment | 23 | €46,725 | €35,152 | -€11,573 | -24.8% |
| Furniture and vehicles | 24 | €71,093 | €51,361 | -€19,732 | -27.8% |
| Financial fixed assets | 28 | €2,355 | €2,355 | = | 0.0% |
| Current assets | 29/58 | €744,826 | €811,763 | +€66,937 | +9.0% |
| Stocks and contracts in progress | 3 | €335,979 | €328,439 | -€7,540 | -2.2% |
| Stocks | 30/36 | €335,979 | €328,439 | -€7,540 | -2.2% |
| Amounts receivable within one year | 40/41 | €199,959 | €323,595 | +€123,637 | +61.8% |
| Trade receivables | 40 | €187,006 | €270,367 | +€83,361 | +44.6% |
| Other amounts receivable | 41 | €12,952 | €53,228 | +€40,276 | +311.0% |
| Cash at bank and in hand | 54/58 | €207,247 | €158,581 | -€48,666 | -23.5% |
| Deferred charges and accrued income | 490/1 | €1,641 | €1,148 | -€494 | -30.1% |
| Total equity and liabilities | 10/49 | €864,999 | €907,003 | +€42,003 | +4.9% |
| Equity | 10/15 | €310,834 | €323,295 | +€12,461 | +4.0% |
| Contributions | 10/11 | €191,250 | €191,250 | = | 0.0% |
| Reserves | 13 | €119,584 | €132,045 | +€12,461 | +10.4% |
| Tax-exempt reserves | 132 | €12,702 | €12,702 | = | 0.0% |
| Distributable reserves | 133 | €106,881 | €119,342 | +€12,461 | +11.7% |
| Provisions and deferred taxes | 16 | €851 | €851 | = | 0.0% |
| Deferred taxes | 168 | €851 | €851 | = | 0.0% |
| Amounts payable | 17/49 | €553,314 | €582,857 | +€29,542 | +5.3% |
| Amounts payable after more than one year | 17 | €90,211 | €53,921 | -€36,290 | -40.2% |
| Financial debts | 170/4 | €90,211 | €53,921 | -€36,290 | -40.2% |
| Amounts payable within one year | 42/48 | €463,104 | €528,936 | +€65,833 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €37,206 | €18,441 | -€18,766 | -50.4% |
| Trade debts | 44 | €241,160 | €375,980 | +€134,820 | +55.9% |
| Suppliers | 440/4 | €241,160 | €375,980 | +€134,820 | +55.9% |
| Taxes, remuneration and social security | 45 | €103,157 | €101,101 | -€2,056 | -2.0% |
| Taxes | 450/3 | €90,358 | €79,374 | -€10,983 | -12.2% |
| Remuneration and social security | 454/9 | €12,799 | €21,726 | +€8,927 | +69.8% |
| Other amounts payable | 47/48 | €81,581 | €33,415 | -€48,166 | -59.0% |
| Remuneration, social security and pensions | 62 | €125,948 | €161,334 | +€35,386 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,198 | €34,033 | +€1,835 | +5.7% |
| Other operating charges | 640/8 | €18,423 | €15,688 | -€2,735 | -14.8% |
| Gross operating margin | 9900 | €214,932 | €256,052 | +€41,119 | +19.1% |
| Operating profit (loss) | 9901 | €38,363 | €44,996 | +€6,633 | +17.3% |
| Financial income | 75/76B | €676 | €2,063 | +€1,387 | +205.3% |
| Recurring financial income | 75 | €676 | €2,063 | +€1,387 | +205.3% |
| Financial charges | 65/66B | €14,707 | €8,930 | -€5,777 | -39.3% |
| Recurring financial charges | 65 | €14,707 | €8,930 | -€5,777 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €24,332 | €38,130 | +€13,798 | +56.7% |
| Transfer from deferred taxes | 780 | €319 | - | -€319 | |
| Income taxes | 67/77 | €19,167 | €25,669 | +€6,501 | +33.9% |
| Profit (loss) for the period | 9904 | €5,484 | €12,461 | +€6,977 | +127.2% |
| Transfer from tax-exempt reserves | 789 | €619 | - | -€619 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,103 | €12,461 | +€6,358 | +104.2% |
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 12 October 2026 via checked.be.