DAVID DE CABOOTER: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DAVID DE CABOOTER
Largest movements
- Receivables within one year -€261,475
down €261,475 (-79.6%), from €328,449 to €66,974
of which Other amounts receivable: -€149,516
- Receivables after one year -€239,322
no longer reported in 2025 (was €239,322)
- Cash +€162,394
up €162,394 (+74.3%), from €218,575 to €380,970
mainly Receivables within one year (+€261,475) and Receivables after one year (+€239,322)
- Tangible fixed assets -€101,917
down €101,917 (-7.2%), from €1.4m to €1.3m
of which Land and buildings: -€62,252
- Other debts -€781,104
down €781,104 (-84.8%), from €920,858 to €139,753
- Reserves +€168,987
up €168,987 (+30.8%), from €549,327 to €718,315
- Debts after one year +€93,883
up €93,883 (+14.5%), from €646,373 to €740,256
- Current portion of long-term debt +€50,941
up €50,941 (+56.8%), from €89,713 to €140,654
- Gross operating margin +€51,542
up €51,542 (+13.3%), from €386,813 to €438,354
- Taxes +€15,106
up €15,106 (+27.2%), from €55,542 to €70,648
- Depreciation -€5,359
down €5,359 (-5.0%), from €107,276 to €101,917
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,267,342 | €1,834,001 | -€433,341 | -19.1% |
| Fixed assets | 21/28 | €1,408,310 | €1,306,392 | -€101,917 | -7.2% |
| Tangible fixed assets | 22/27 | €1,408,040 | €1,306,122 | -€101,917 | -7.2% |
| Land and buildings | 22 | €1,273,017 | €1,210,765 | -€62,252 | -4.9% |
| Plant, machinery and equipment | 23 | €24,727 | €20,649 | -€4,079 | -16.5% |
| Furniture and vehicles | 24 | €66,457 | €39,341 | -€27,116 | -40.8% |
| Other tangible fixed assets | 26 | €43,838 | €35,367 | -€8,471 | -19.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €859,032 | €527,608 | -€331,424 | -38.6% |
| Amounts receivable after more than one year | 29 | €239,322 | - | -€239,322 | |
| Trade receivables | 290 | €239,322 | - | -€239,322 | |
| Stocks and contracts in progress | 3 | €68,974 | €72,075 | +€3,101 | +4.5% |
| Stocks | 30/36 | €68,974 | €72,075 | +€3,101 | +4.5% |
| Amounts receivable within one year | 40/41 | €328,449 | €66,974 | -€261,475 | -79.6% |
| Trade receivables | 40 | €125,410 | €13,451 | -€111,960 | -89.3% |
| Other amounts receivable | 41 | €203,039 | €53,523 | -€149,516 | -73.6% |
| Cash at bank and in hand | 54/58 | €218,575 | €380,970 | +€162,394 | +74.3% |
| Deferred charges and accrued income | 490/1 | €3,712 | €7,590 | +€3,879 | +105% |
| Total equity and liabilities | 10/49 | €2,267,342 | €1,834,001 | -€433,341 | -19.1% |
| Equity | 10/15 | €556,327 | €725,315 | +€168,987 | +30.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €549,327 | €718,315 | +€168,987 | +30.8% |
| Distributable reserves | 133 | €549,327 | €718,315 | +€168,987 | +30.8% |
| Amounts payable | 17/49 | €1,711,014 | €1,108,686 | -€602,328 | -35.2% |
| Amounts payable after more than one year | 17 | €646,373 | €740,256 | +€93,883 | +14.5% |
| Financial debts | 170/4 | €646,373 | €740,256 | +€93,883 | +14.5% |
| Amounts payable within one year | 42/48 | €1,061,987 | €357,987 | -€704,000 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €89,713 | €140,654 | +€50,941 | +56.8% |
| Financial debts | 43 | €9,228 | €5,622 | -€3,606 | -39.1% |
| Credit institutions | 430/8 | €9,228 | €5,622 | -€3,606 | -39.1% |
| Trade debts | 44 | €10,886 | €20,938 | +€10,052 | +92.3% |
| Suppliers | 440/4 | €10,886 | €20,938 | +€10,052 | +92.3% |
| Taxes, remuneration and social security | 45 | €31,303 | €51,020 | +€19,717 | +63.0% |
| Taxes | 450/3 | €27,270 | €48,713 | +€21,443 | +78.6% |
| Remuneration and social security | 454/9 | €4,033 | €2,306 | -€1,726 | -42.8% |
| Other amounts payable | 47/48 | €920,858 | €139,753 | -€781,104 | -84.8% |
| Accrued charges and deferred income | 492/3 | €2,654 | €10,443 | +€7,789 | +293% |
| Remuneration, social security and pensions | 62 | €64,101 | €65,276 | +€1,176 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,276 | €101,917 | -€5,359 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€535 | - | +€535 | |
| Other operating charges | 640/8 | €11,345 | €15,049 | +€3,704 | +32.6% |
| Gross operating margin | 9900 | €386,813 | €438,354 | +€51,542 | +13.3% |
| Operating profit (loss) | 9901 | €204,626 | €256,112 | +€51,487 | +25.2% |
| Financial income | 75/76B | €16,261 | €17,653 | +€1,392 | +8.6% |
| Recurring financial income | 75 | €16,261 | €17,653 | +€1,392 | +8.6% |
| Financial charges | 65/66B | €35,510 | €34,130 | -€1,380 | -3.9% |
| Recurring financial charges | 65 | €35,510 | €34,130 | -€1,380 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €185,377 | €239,635 | +€54,258 | +29.3% |
| Income taxes | 67/77 | €55,542 | €70,648 | +€15,106 | +27.2% |
| Profit (loss) for the period | 9904 | €129,835 | €168,987 | +€39,152 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,835 | €168,987 | +€39,152 | +30.2% |
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 1 November 2026 via checked.be.