DE BACKER: what changed
Two fiscal 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.
DE BACKER
Largest movements
- Current investments +€701,416
new in 2025: €701,416
- Cash -€525,372
down €525,372 (-39.3%), from €1.3m to €811,088
mainly Current investments (-€701,416) and Receivables within one year (-€498,052)
- Receivables within one year +€498,052
up €498,052 (+24902.6%), from €2,000 to €500,052
of which Other amounts receivable: +€500,052
- Financial fixed assets -€327,300
down €327,300 (-98.5%), from €332,300 to €5,000
- Tangible fixed assets -€35,592
down €35,592 (-2.9%), from €1.2m to €1.2m
of which Land and buildings: -€27,384
- Reserves +€403,974
up €403,974 (+61.5%), from €656,435 to €1.1m
- Other debts -€175,805
down €175,805 (-17.9%), from €979,788 to €803,983
- Profit (loss) carried forward +€89,577
no longer reported in 2025 (was -€89,577)
- Debts after one year -€48,170
down €48,170 (-13.4%), from €358,740 to €310,570
- Tax, wage and social debts +€39,423
up €39,423 (+11308.9%), from €349 to €39,771
- Write-downs -€768,782
down €768,782 (-99.1%), from €776,005 to €7,223
- Financial income +€663,855
up €663,855 (+41912.1%), from €1,584 to €665,439
of which Financial income: +€665,438
- Financial charges +€119,028
up €119,028 (+1042.1%), from €11,422 to €130,450
of which Non-recurring financial charges: +€120,000
- Taxes +€40,372
up €40,372 (+11581.2%), from €349 to €40,721
- Depreciation +€15,222
up €15,222 (+74.7%), from €20,370 to €35,592
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.
Cash bridge derived
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 | €2,894,236 | €3,205,439 | +€311,203 | +10.8% |
| Fixed assets | 21/28 | €1,555,776 | €1,192,884 | -€362,892 | -23.3% |
| Tangible fixed assets | 22/27 | €1,223,476 | €1,187,884 | -€35,592 | -2.9% |
| Land and buildings | 22 | €1,214,303 | €1,186,919 | -€27,384 | -2.3% |
| Furniture and vehicles | 24 | €9,173 | €965 | -€8,208 | -89.5% |
| Financial fixed assets | 28 | €332,300 | €5,000 | -€327,300 | -98.5% |
| Current assets | 29/58 | €1,338,460 | €2,012,555 | +€674,096 | +50.4% |
| Amounts receivable within one year | 40/41 | €2,000 | €500,052 | +€498,052 | +24902.6% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | - | €500,052 | +€500,052 | |
| Current investments | 50/53 | - | €701,416 | +€701,416 | |
| Cash at bank and in hand | 54/58 | €1,336,460 | €811,088 | -€525,372 | -39.3% |
| Total equity and liabilities | 10/49 | €2,894,236 | €3,205,439 | +€311,203 | +10.8% |
| Equity | 10/15 | €1,486,858 | €1,980,409 | +€493,551 | +33.2% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Reserves | 13 | €656,435 | €1,060,409 | +€403,974 | +61.5% |
| Distributable reserves | 133 | €656,435 | €1,060,409 | +€403,974 | +61.5% |
| Profit (loss) carried forward | 14 | -€89,577 | - | +€89,577 | |
| Amounts payable | 17/49 | €1,407,378 | €1,225,031 | -€182,348 | -13.0% |
| Amounts payable after more than one year | 17 | €358,740 | €310,570 | -€48,170 | -13.4% |
| Financial debts | 170/4 | €358,740 | €310,570 | -€48,170 | -13.4% |
| Amounts payable within one year | 42/48 | €1,027,136 | €892,163 | -€134,973 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €46,999 | €48,170 | +€1,171 | +2.5% |
| Trade debts | 44 | - | €239 | +€239 | |
| Suppliers | 440/4 | - | €239 | +€239 | |
| Taxes, remuneration and social security | 45 | €349 | €39,771 | +€39,423 | +11308.9% |
| Taxes | 450/3 | €349 | €39,771 | +€39,423 | +11308.9% |
| Other amounts payable | 47/48 | €979,788 | €803,983 | -€175,805 | -17.9% |
| Accrued charges and deferred income | 492/3 | €21,503 | €22,297 | +€795 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,370 | €35,592 | +€15,222 | +74.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €776,005 | €7,223 | -€768,782 | -99.1% |
| Other operating charges | 640/8 | €3,576 | - | -€3,576 | |
| Gross operating margin | 9900 | €42,100 | €42,099 | -€1 | 0.0% |
| Operating profit (loss) | 9901 | -€757,851 | -€717 | +€757,134 | +99.9% |
| Financial income | 75/76B | €1,584 | €665,439 | +€663,855 | +41912.1% |
| Recurring financial income | 75 | €0 | €665,439 | +€665,438 | +332719220.0% |
| Non-recurring financial income | 76B | €1,584 | - | -€1,584 | |
| Financial charges | 65/66B | €11,422 | €130,450 | +€119,028 | +1042.1% |
| Recurring financial charges | 65 | €11,422 | €10,450 | -€972 | -8.5% |
| Non-recurring financial charges | 66B | - | €120,000 | +€120,000 | |
| Profit (loss) for the period before taxes | 9903 | -€767,689 | €534,272 | +€1.3m | |
| Income taxes | 67/77 | €349 | €40,721 | +€40,372 | +11581.2% |
| Profit (loss) for the period | 9904 | -€768,038 | €493,551 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€768,038 | €493,551 | +€1.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.