DEBAVARK: 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.
DEBAVARK
Largest movements
- Tangible fixed assets +€206,438
up €206,438 (+60.1%), from €343,421 to €549,859
of which Plant, machinery and equipment: +€199,574
- Stocks and contracts -€52,302
down €52,302 (-9.1%), from €577,520 to €525,218
- Receivables within one year +€51,139
up €51,139 (+19.3%), from €265,469 to €316,608
of which Trade receivables: +€122,314
- Debts after one year +€142,557
up €142,557 (+290%), from €49,184 to €191,742
- Current portion of long-term debt +€52,494
up €52,494 (+569%), from €9,222 to €61,716
- Reserves +€42,470
up €42,470 (+10.6%), from €399,446 to €441,916
of which Distributable reserves: +€42,470
- Trade debts -€34,605
down €34,605 (-9.5%), from €365,911 to €331,306
- Other debts -€18,680
down €18,680 (-75.1%), from €24,880 to €6,201
- Staff costs +€155,550
up €155,550 (+987%), from €15,756 to €171,307
- Gross operating margin +€90,681
up €90,681 (+33.9%), from €267,802 to €358,483
- Depreciation +€30,696
up €30,696 (+51.7%), from €59,323 to €90,019
- Taxes -€27,555
down €27,555 (-55.3%), from €49,833 to €22,278
- Financial income -€4,314
down €4,314 (-45.0%), from €9,588 to €5,275
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 | €1,314,461 | €1,517,911 | +€203,450 | +15.5% |
| Fixed assets | 21/28 | €365,663 | €568,120 | +€202,457 | +55.4% |
| Intangible fixed assets | 21 | €9,302 | €5,321 | -€3,981 | -42.8% |
| Tangible fixed assets | 22/27 | €343,421 | €549,859 | +€206,438 | +60.1% |
| Land and buildings | 22 | €304,740 | €299,476 | -€5,265 | -1.7% |
| Plant, machinery and equipment | 23 | €32,632 | €232,205 | +€199,574 | +612% |
| Furniture and vehicles | 24 | €6,049 | €18,178 | +€12,129 | +200% |
| Financial fixed assets | 28 | €12,940 | €12,940 | = | 0.0% |
| Current assets | 29/58 | €948,798 | €949,791 | +€993 | +0.1% |
| Amounts receivable after more than one year | 29 | €71,050 | €71,050 | = | 0.0% |
| Other amounts receivable | 291 | €71,050 | €71,050 | = | 0.0% |
| Stocks and contracts in progress | 3 | €577,520 | €525,218 | -€52,302 | -9.1% |
| Stocks | 30/36 | €577,520 | €525,218 | -€52,302 | -9.1% |
| Amounts receivable within one year | 40/41 | €265,469 | €316,608 | +€51,139 | +19.3% |
| Trade receivables | 40 | €137,518 | €259,832 | +€122,314 | +88.9% |
| Other amounts receivable | 41 | €127,951 | €56,776 | -€71,175 | -55.6% |
| Cash at bank and in hand | 54/58 | €21,536 | €19,703 | -€1,833 | -8.5% |
| Deferred charges and accrued income | 490/1 | €13,223 | €17,212 | +€3,989 | +30.2% |
| Total equity and liabilities | 10/49 | €1,314,461 | €1,517,911 | +€203,450 | +15.5% |
| Equity | 10/15 | €414,948 | €456,220 | +€41,271 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €399,446 | €441,916 | +€42,470 | +10.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €397,446 | €439,916 | +€42,470 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €9,303 | €8,104 | -€1,199 | -12.9% |
| Provisions and deferred taxes | 16 | €490 | €426 | -€63 | -12.9% |
| Deferred taxes | 168 | €490 | €426 | -€63 | -12.9% |
| Amounts payable | 17/49 | €899,023 | €1,061,265 | +€162,242 | +18.0% |
| Amounts payable after more than one year | 17 | €49,184 | €191,742 | +€142,557 | +290% |
| Financial debts | 170/4 | €49,184 | €191,742 | +€142,557 | +290% |
| Amounts payable within one year | 42/48 | €847,244 | €862,744 | +€15,500 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,222 | €61,716 | +€52,494 | +569% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €365,911 | €331,306 | -€34,605 | -9.5% |
| Suppliers | 440/4 | €365,911 | €331,306 | -€34,605 | -9.5% |
| Taxes, remuneration and social security | 45 | €47,231 | €63,521 | +€16,290 | +34.5% |
| Taxes | 450/3 | €37,654 | €37,241 | -€413 | -1.1% |
| Remuneration and social security | 454/9 | €9,577 | €26,280 | +€16,703 | +174% |
| Other amounts payable | 47/48 | €24,880 | €6,201 | -€18,680 | -75.1% |
| Accrued charges and deferred income | 492/3 | €2,594 | €6,779 | +€4,185 | +161% |
| Remuneration, social security and pensions | 62 | €15,756 | €171,307 | +€155,550 | +987% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,323 | €90,019 | +€30,696 | +51.7% |
| Other operating charges | 640/8 | €13,067 | €16,799 | +€3,733 | +28.6% |
| Gross operating margin | 9900 | €267,802 | €358,483 | +€90,681 | +33.9% |
| Operating profit (loss) | 9901 | €179,657 | €80,358 | -€99,299 | -55.3% |
| Financial income | 75/76B | €9,588 | €5,275 | -€4,314 | -45.0% |
| Recurring financial income | 75 | €9,588 | €5,275 | -€4,314 | -45.0% |
| Financial charges | 65/66B | €23,068 | €20,947 | -€2,122 | -9.2% |
| Recurring financial charges | 65 | €23,068 | €20,947 | -€2,122 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €166,177 | €64,686 | -€101,491 | -61.1% |
| Transfer from deferred taxes | 780 | €71 | €63 | -€8 | -11.3% |
| Income taxes | 67/77 | €49,833 | €22,278 | -€27,555 | -55.3% |
| Profit (loss) for the period | 9904 | €116,414 | €42,470 | -€73,944 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,414 | €42,470 | -€73,944 | -63.5% |
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 1 November 2026 via checked.be.