Debrouckère Development: 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.
Debrouckère Development
Largest movements
- Stocks and contracts +€30.0m
up €30.0m (+132%), from €22.7m to €52.8m
- Cash +€3.2m
up €3.2m (+1,114%), from €286,123 to €3.5m
mainly Accrued charges and deferred income (+€25.5m) and Current portion of long-term debt (+€6.8m)
- Accrued charges and deferred income +€25.5m
up €25.5m (+1,697%), from €1.5m to €27.0m
- Current portion of long-term debt +€6.8m
up €6.8m (+53.2%), from €12.7m to €19.5m
- Debts after one year +€5.7m
new in 2025: €5.7m
- Trade debts -€5.2m
down €5.2m (-65.9%), from €7.9m to €2.7m
- Tax, wage and social debts +€651,651
new in 2025: €651,651
- Gross operating margin +€534,019
up €534,019 (+1,343%), from €39,767 to €573,786
- Financial charges +€380,757
up €380,757 (+90,490%), from €421 to €381,177
- Other operating charges +€219,523
up €219,523 (+586%), from €37,454 to €256,977
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 | €23,163,533 | €56,499,906 | +€33.3m | +144% |
| Current assets | 29/58 | €23,163,533 | €56,499,906 | +€33.3m | +144% |
| Stocks and contracts in progress | 3 | €22,723,769 | €52,763,169 | +€30.0m | +132% |
| Stocks | 30/36 | €22,723,769 | €52,763,169 | +€30.0m | +132% |
| Amounts receivable within one year | 40/41 | €153,640 | €262,179 | +€108,538 | +70.6% |
| Trade receivables | 40 | €33,950 | €262,179 | +€228,229 | +672% |
| Other amounts receivable | 41 | €119,690 | - | -€119,690 | |
| Cash at bank and in hand | 54/58 | €286,123 | €3,474,559 | +€3.2m | +1,114% |
| Total equity and liabilities | 10/49 | €23,163,533 | €56,499,906 | +€33.3m | +144% |
| Equity | 10/15 | €981,121 | €916,752 | -€64,368 | -6.6% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,879 | -€333,248 | -€64,368 | -23.9% |
| Amounts payable | 17/49 | €22,182,412 | €55,583,154 | +€33.4m | +151% |
| Amounts payable after more than one year | 17 | - | €5,739,751 | +€5.7m | |
| Financial debts | 170/4 | - | €5,739,751 | +€5.7m | |
| Amounts payable within one year | 42/48 | €20,682,561 | €22,884,966 | +€2.2m | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €12,749,398 | €19,526,861 | +€6.8m | +53.2% |
| Trade debts | 44 | €7,933,163 | €2,706,453 | -€5.2m | -65.9% |
| Suppliers | 440/4 | €7,933,163 | €2,706,453 | -€5.2m | -65.9% |
| Taxes, remuneration and social security | 45 | - | €651,651 | +€651,651 | |
| Taxes | 450/3 | - | €651,651 | +€651,651 | |
| Accrued charges and deferred income | 492/3 | €1,499,851 | €26,958,436 | +€25.5m | +1,697% |
| Other operating charges | 640/8 | €37,454 | €256,977 | +€219,523 | +586% |
| Gross operating margin | 9900 | €39,767 | €573,786 | +€534,019 | +1,343% |
| Operating profit (loss) | 9901 | €2,313 | €316,809 | +€314,496 | +13,596% |
| Financial charges | 65/66B | €421 | €381,177 | +€380,757 | +90,490% |
| Recurring financial charges | 65 | €421 | €381,177 | +€380,757 | +90,490% |
| Profit (loss) for the period before taxes | 9903 | €1,892 | -€64,368 | -€66,261 | |
| Profit (loss) for the period | 9904 | €1,892 | -€64,368 | -€66,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,892 | -€64,368 | -€66,261 |
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 30 October 2026 via checked.be.