DEBELS: 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.
DEBELS
Largest movements
- Receivables within one year -€102,202
down €102,202 (-3.5%), from €2.9m to €2.8m
of which Other amounts receivable: -€53,805
- Other debts -€249,309
down €249,309 (-99.6%), from €250,252 to €943
- Reserves +€132,201
up €132,201 (+5.0%), from €2.6m to €2.8m
of which Distributable reserves: +€132,201
- Gross operating margin +€20,968
up €20,968 (+31.5%), from €66,622 to €87,590
- Financial income -€4,134
down €4,134 (-4.4%), from €93,804 to €89,670
- Taxes -€1,090
down €1,090 (-2.4%), from €45,023 to €43,933
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 | €2,982,185 | €2,865,020 | -€117,165 | -3.9% |
| Current assets | 29/58 | €2,982,185 | €2,865,020 | -€117,165 | -3.9% |
| Amounts receivable within one year | 40/41 | €2,916,156 | €2,813,954 | -€102,202 | -3.5% |
| Trade receivables | 40 | €55,512 | €7,115 | -€48,397 | -87.2% |
| Other amounts receivable | 41 | €2,860,644 | €2,806,840 | -€53,805 | -1.9% |
| Cash at bank and in hand | 54/58 | €66,028 | €51,066 | -€14,963 | -22.7% |
| Total equity and liabilities | 10/49 | €2,982,185 | €2,865,020 | -€117,165 | -3.9% |
| Equity | 10/15 | €2,731,814 | €2,864,014 | +€132,201 | +4.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,631,814 | €2,764,014 | +€132,201 | +5.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €2,565,564 | €2,697,764 | +€132,201 | +5.2% |
| Amounts payable | 17/49 | €250,371 | €1,005 | -€249,365 | -99.6% |
| Amounts payable within one year | 42/48 | €250,371 | €1,005 | -€249,365 | -99.6% |
| Trade debts | 44 | €119 | €63 | -€56 | -47.4% |
| Suppliers | 440/4 | €119 | €63 | -€56 | -47.4% |
| Other amounts payable | 47/48 | €250,252 | €943 | -€249,309 | -99.6% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €66,622 | €87,590 | +€20,968 | +31.5% |
| Operating profit (loss) | 9901 | €65,528 | €86,463 | +€20,935 | +31.9% |
| Financial income | 75/76B | €93,804 | €89,670 | -€4,134 | -4.4% |
| Recurring financial income | 75 | €93,804 | €89,670 | -€4,134 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €159,332 | €176,134 | +€16,801 | +10.5% |
| Income taxes | 67/77 | €45,023 | €43,933 | -€1,090 | -2.4% |
| Profit (loss) for the period | 9904 | €114,309 | €132,201 | +€17,891 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,309 | €132,201 | +€17,891 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.