Brecht Deketele: 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.
Brecht Deketele
Largest movements
- Receivables within one year +€66,151
up €66,151 (+32.0%), from €206,658 to €272,810
of which Other amounts receivable: +€63,274
- Cash +€23,125
up €23,125 (+13.8%), from €167,691 to €190,815
mainly Other debts (+€270,000) and Net result for the year (+€114,515)
- Deferred charges and accrued income +€12,477
new in 2025: €12,477
- Tangible fixed assets -€11,424
down €11,424 (-40.1%), from €28,469 to €17,046
of which Leasing and similar rights: -€12,810
- Other debts +€270,000
new in 2025: €270,000
- Reserves -€155,485
down €155,485 (-49.3%), from €315,348 to €159,863
- Tax, wage and social debts -€31,235
down €31,235 (-61.3%), from €50,978 to €19,743
- Trade debts +€18,422
up €18,422 (+270%), from €6,811 to €25,233
- Debts after one year -€14,410
down €14,410 (-100%), from €14,410 to €0
- Gross operating margin +€21,849
up €21,849 (+16.1%), from €136,013 to €157,861
- Taxes +€6,699
up €6,699 (+22.7%), from €29,483 to €36,181
- Financial income +€3,279
up €3,279 (+35.3%), from €9,286 to €12,565
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 | €402,818 | €495,648 | +€92,830 | +23.0% |
| Fixed assets | 21/28 | €28,469 | €17,046 | -€11,424 | -40.1% |
| Tangible fixed assets | 22/27 | €28,469 | €17,046 | -€11,424 | -40.1% |
| Plant, machinery and equipment | 23 | €418 | €0 | -€418 | -100% |
| Furniture and vehicles | 24 | €3,285 | €1,854 | -€1,431 | -43.6% |
| Leasing and similar rights | 25 | €20,217 | €7,407 | -€12,810 | -63.4% |
| Other tangible fixed assets | 26 | €4,549 | €7,784 | +€3,235 | +71.1% |
| Current assets | 29/58 | €374,349 | €478,602 | +€104,253 | +27.8% |
| Amounts receivable within one year | 40/41 | €206,658 | €272,810 | +€66,151 | +32.0% |
| Trade receivables | 40 | €4,500 | €7,378 | +€2,878 | +63.9% |
| Other amounts receivable | 41 | €202,158 | €265,432 | +€63,274 | +31.3% |
| Current investments | 50/53 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €167,691 | €190,815 | +€23,125 | +13.8% |
| Deferred charges and accrued income | 490/1 | - | €12,477 | +€12,477 | |
| Total equity and liabilities | 10/49 | €402,818 | €495,648 | +€92,830 | +23.0% |
| Equity | 10/15 | €316,348 | €160,863 | -€155,485 | -49.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €315,348 | €159,863 | -€155,485 | -49.3% |
| Distributable reserves | 133 | €315,348 | €159,863 | -€155,485 | -49.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €86,469 | €334,785 | +€248,315 | +287% |
| Amounts payable after more than one year | 17 | €14,410 | €0 | -€14,410 | -100% |
| Financial debts | 170/4 | €14,410 | €0 | -€14,410 | -100% |
| Amounts payable within one year | 42/48 | €72,059 | €334,777 | +€262,717 | +365% |
| Current portion of amounts payable after more than one year | 42 | €14,270 | €19,801 | +€5,531 | +38.8% |
| Trade debts | 44 | €6,811 | €25,233 | +€18,422 | +270% |
| Suppliers | 440/4 | €6,811 | €25,233 | +€18,422 | +270% |
| Taxes, remuneration and social security | 45 | €50,978 | €19,743 | -€31,235 | -61.3% |
| Taxes | 450/3 | €50,978 | €19,743 | -€31,235 | -61.3% |
| Other amounts payable | 47/48 | - | €270,000 | +€270,000 | |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,203 | €15,824 | -€379 | -2.3% |
| Other operating charges | 640/8 | €1,871 | €1,868 | -€4 | -0.2% |
| Gross operating margin | 9900 | €136,013 | €157,861 | +€21,849 | +16.1% |
| Operating profit (loss) | 9901 | €117,938 | €140,170 | +€22,232 | +18.9% |
| Financial income | 75/76B | €9,286 | €12,565 | +€3,279 | +35.3% |
| Recurring financial income | 75 | €9,286 | €12,565 | +€3,279 | +35.3% |
| Financial charges | 65/66B | €2,323 | €2,040 | -€283 | -12.2% |
| Recurring financial charges | 65 | €2,323 | €2,040 | -€283 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €124,902 | €150,696 | +€25,794 | +20.7% |
| Income taxes | 67/77 | €29,483 | €36,181 | +€6,699 | +22.7% |
| Profit (loss) for the period | 9904 | €95,419 | €114,515 | +€19,095 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,419 | €114,515 | +€19,095 | +20.0% |
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 29 October 2026 via checked.be.