Daan De Backer: 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.
Daan De Backer
Largest movements
- Receivables within one year +€122,754
up €122,754 (+40.8%), from €301,156 to €423,910
of which Other amounts receivable: +€119,389
- Cash -€15,471
down €15,471 (-55.1%), from €28,091 to €12,619
mainly Receivables within one year (-€122,754) and Investment in fixed assets (net) (-€38,317)
- Tangible fixed assets +€14,201
up €14,201 (+13.9%), from €102,172 to €116,373
of which Plant, machinery and equipment: +€19,484
- Reserves +€116,737
up €116,737 (+33.7%), from €345,970 to €462,706
- Debts after one year -€12,171
down €12,171 (-56.9%), from €21,392 to €9,220
- Tax, wage and social debts +€11,833
up €11,833 (+27.2%), from €43,450 to €55,283
of which Taxes: +€11,833
- Gross operating margin +€35,905
up €35,905 (+27.5%), from €130,787 to €166,692
- Taxes +€10,009
up €10,009 (+33.4%), from €30,002 to €40,012
- Financial income +€7,975
up €7,975 (+94.3%), from €8,456 to €16,431
- Depreciation +€4,138
up €4,138 (+20.7%), from €19,978 to €24,116
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 | €432,909 | €552,902 | +€119,993 | +27.7% |
| Fixed assets | 21/28 | €102,172 | €116,373 | +€14,201 | +13.9% |
| Tangible fixed assets | 22/27 | €102,172 | €116,373 | +€14,201 | +13.9% |
| Plant, machinery and equipment | 23 | €87,123 | €106,607 | +€19,484 | +22.4% |
| Furniture and vehicles | 24 | €11,460 | €8,638 | -€2,822 | -24.6% |
| Other tangible fixed assets | 26 | €3,588 | €1,128 | -€2,461 | -68.6% |
| Current assets | 29/58 | €330,737 | €436,529 | +€105,792 | +32.0% |
| Amounts receivable within one year | 40/41 | €301,156 | €423,910 | +€122,754 | +40.8% |
| Trade receivables | 40 | €87,693 | €91,059 | +€3,366 | +3.8% |
| Other amounts receivable | 41 | €213,462 | €332,851 | +€119,389 | +55.9% |
| Cash at bank and in hand | 54/58 | €28,091 | €12,619 | -€15,471 | -55.1% |
| Deferred charges and accrued income | 490/1 | €1,491 | - | -€1,491 | |
| Total equity and liabilities | 10/49 | €432,909 | €552,902 | +€119,993 | +27.7% |
| Equity | 10/15 | €350,970 | €467,706 | +€116,737 | +33.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €345,970 | €462,706 | +€116,737 | +33.7% |
| Distributable reserves | 133 | €345,970 | €462,706 | +€116,737 | +33.7% |
| Amounts payable | 17/49 | €81,940 | €85,196 | +€3,256 | +4.0% |
| Amounts payable after more than one year | 17 | €21,392 | €9,220 | -€12,171 | -56.9% |
| Financial debts | 170/4 | €21,392 | €9,220 | -€12,171 | -56.9% |
| Amounts payable within one year | 42/48 | €60,548 | €75,976 | +€15,428 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €12,033 | €12,171 | +€138 | +1.2% |
| Trade debts | 44 | €3,436 | €8,521 | +€5,085 | +148% |
| Suppliers | 440/4 | €3,436 | €8,521 | +€5,085 | +148% |
| Taxes, remuneration and social security | 45 | €43,450 | €55,283 | +€11,833 | +27.2% |
| Taxes | 450/3 | €37,150 | €48,983 | +€11,833 | +31.9% |
| Remuneration and social security | 454/9 | €6,300 | €6,300 | = | 0.0% |
| Other amounts payable | 47/48 | €1,629 | - | -€1,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,978 | €24,116 | +€4,138 | +20.7% |
| Other operating charges | 640/8 | €1,978 | €1,271 | -€707 | -35.7% |
| Gross operating margin | 9900 | €130,787 | €166,692 | +€35,905 | +27.5% |
| Operating profit (loss) | 9901 | €108,831 | €141,304 | +€32,473 | +29.8% |
| Financial income | 75/76B | €8,456 | €16,431 | +€7,975 | +94.3% |
| Recurring financial income | 75 | €8,456 | €16,431 | +€7,975 | +94.3% |
| Financial charges | 65/66B | €1,072 | €986 | -€85 | -8.0% |
| Recurring financial charges | 65 | €1,072 | €986 | -€85 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €116,215 | €156,748 | +€40,533 | +34.9% |
| Income taxes | 67/77 | €30,002 | €40,012 | +€10,009 | +33.4% |
| Profit (loss) for the period | 9904 | €86,213 | €116,737 | +€30,524 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,213 | €116,737 | +€30,524 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.