DEBFIN: what changed
What changed
DEBFIN
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€74,117
2024 · €72,779+€1,338
Equity
€6,117
2024 · €226,696-€220,579
Cash
€67,690
2024 · €81,910-€14,220
Balance sheet total
€109,791
2024 · €277,611-€167,821
Largest movements
Assets
- Current investments -€138,000
no longer reported in 2025 (was €138,000)
- Cash -€14,220
down €14,220 (-17.4%), from €81,910 to €67,690
mainly Contributions, distributions and other (-€294,696) and Debts after one year (-€8,212)
- Tangible fixed assets -€10,704
down €10,704 (-36.3%), from €29,492 to €18,788
of which Furniture and vehicles: -€10,532
- Receivables after one year -€4,667
down €4,667 (-85.4%), from €5,463 to €796
Equity and liabilities
- Profit (loss) carried forward -€220,579
down €220,579 (-98.2%), from €224,696 to €4,117
- Other debts +€59,501
new in 2025: €59,501
- Debts after one year -€8,212
down €8,212 (-59.6%), from €13,777 to €5,566
Income statement
- Gross operating margin +€1,405
up €1,405 (+1.4%), from €99,500 to €100,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€72,779
Gross operating margin
+€1,405
Other operating charges
-€3
Financial income
+€55
Financial charges
+€16
Taxes
-€135
Result 2025
€74,117
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€150,526
Investment
+€138,000
Financing
-€302,746
Cash 2024
€81,910
From operations (derived)
+€150,526
Net result for the year
+€74,117
Depreciation
+€10,704
Receivables after one year
+€4,667
Smaller working-capital items
-€5
Trade debts
+€1,542
Other debts
+€59,501
Investment (derived)
+€138,000
Current investments
+€138,000
Financing
-€302,746
Debts after one year
-€8,212
Current portion of long-term debt
+€162
Contributions, distributions and other
-€294,696
Cash 2025
€67,690
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,611 | €109,791 | -€167,821 | -60.5% |
| Fixed assets | 21/28 | €29,492 | €18,788 | -€10,704 | -36.3% |
| Tangible fixed assets | 22/27 | €29,492 | €18,788 | -€10,704 | -36.3% |
| Furniture and vehicles | 24 | €27,990 | €17,458 | -€10,532 | -37.6% |
| Other tangible fixed assets | 26 | €1,502 | €1,330 | -€172 | -11.4% |
| Current assets | 29/58 | €248,119 | €91,003 | -€157,117 | -63.3% |
| Amounts receivable after more than one year | 29 | €5,463 | €796 | -€4,667 | -85.4% |
| Trade receivables | 290 | €5,463 | €796 | -€4,667 | -85.4% |
| Amounts receivable within one year | 40/41 | €21,113 | €20,747 | -€367 | -1.7% |
| Trade receivables | 40 | €16,633 | €15,698 | -€934 | -5.6% |
| Other amounts receivable | 41 | €4,481 | €5,048 | +€568 | +12.7% |
| Current investments | 50/53 | €138,000 | - | -€138,000 | |
| Cash at bank and in hand | 54/58 | €81,910 | €67,690 | -€14,220 | -17.4% |
| Deferred charges and accrued income | 490/1 | €1,632 | €1,769 | +€137 | +8.4% |
| Total equity and liabilities | 10/49 | €277,611 | €109,791 | -€167,821 | -60.5% |
| Equity | 10/15 | €226,696 | €6,117 | -€220,579 | -97.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,696 | €4,117 | -€220,579 | -98.2% |
| Amounts payable | 17/49 | €50,916 | €103,673 | +€52,758 | +104% |
| Amounts payable after more than one year | 17 | €13,777 | €5,566 | -€8,212 | -59.6% |
| Financial debts | 170/4 | €13,777 | €5,566 | -€8,212 | -59.6% |
| Amounts payable within one year | 42/48 | €37,138 | €98,108 | +€60,970 | +164% |
| Current portion of amounts payable after more than one year | 42 | €8,050 | €8,212 | +€162 | +2.0% |
| Trade debts | 44 | €2,230 | €3,772 | +€1,542 | +69.1% |
| Suppliers | 440/4 | €2,230 | €3,772 | +€1,542 | +69.1% |
| Taxes, remuneration and social security | 45 | €26,858 | €26,623 | -€235 | -0.9% |
| Taxes | 450/3 | €26,858 | €26,623 | -€235 | -0.9% |
| Other amounts payable | 47/48 | - | €59,501 | +€59,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,704 | €10,704 | = | 0.0% |
| Other operating charges | 640/8 | €99 | €102 | +€3 | +2.8% |
| Gross operating margin | 9900 | €99,500 | €100,905 | +€1,405 | +1.4% |
| Operating profit (loss) | 9901 | €88,697 | €90,099 | +€1,402 | +1.6% |
| Financial income | 75/76B | €3,851 | €3,906 | +€55 | +1.4% |
| Recurring financial income | 75 | €3,851 | €3,906 | +€55 | +1.4% |
| Financial charges | 65/66B | €616 | €600 | -€16 | -2.6% |
| Recurring financial charges | 65 | €616 | €599 | -€17 | -2.7% |
| Non-recurring financial charges | 66B | €0 | €1 | +€1 | +8,000% |
| Profit (loss) for the period before taxes | 9903 | €91,932 | €93,404 | +€1,473 | +1.6% |
| Income taxes | 67/77 | €19,152 | €19,287 | +€135 | +0.7% |
| Profit (loss) for the period | 9904 | €72,779 | €74,117 | +€1,338 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,779 | €74,117 | +€1,338 | +1.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.