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.
DE BACKER
Largest movements
- Cash +€118,654
up €118,654 (+211%), from €56,350 to €175,004
mainly Net result for the year (+€150,898) and Depreciation (+€112,584)
- Tangible fixed assets -€27,816
down €27,816 (-6.6%), from €422,896 to €395,080
of which Furniture and vehicles: -€40,245
- Stocks and contracts +€27,166
up €27,166 (+51.4%), from €52,871 to €80,037
- Receivables within one year -€21,747
down €21,747 (-64.2%), from €33,852 to €12,105
of which Other amounts receivable: -€26,940
- Intangible fixed assets -€18,689
down €18,689 (-10.3%), from €182,198 to €163,509
- Profit (loss) carried forward +€150,898
up €150,898 (+46.6%), from -€323,884 to -€172,986
- Other debts -€124,534
down €124,534 (-89.8%), from €138,646 to €14,112
- Debts after one year +€45,140
up €45,140 (+14.0%), from €323,485 to €368,625
- Trade debts -€34,764
down €34,764 (-24.2%), from €143,894 to €109,130
- Tax, wage and social debts +€33,784
up €33,784 (+248%), from €13,631 to €47,416
of which Remuneration and social security: +€27,168
- Gross operating margin +€431,453
up €431,453 (+569%), from €75,794 to €507,247
- Staff costs +€196,838
up €196,838 (+921%), from €21,373 to €218,211
- Depreciation +€54,819
up €54,819 (+94.9%), from €57,765 to €112,584
- Other operating charges +€10,022
up €10,022 (+3,042%), from €329 to €10,352
- Financial charges +€5,325
up €5,325 (+65.8%), from €8,091 to €13,416
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 | €754,215 | €829,256 | +€75,042 | +9.9% |
| Fixed assets | 21/28 | €605,094 | €558,589 | -€46,505 | -7.7% |
| Intangible fixed assets | 21 | €182,198 | €163,509 | -€18,689 | -10.3% |
| Tangible fixed assets | 22/27 | €422,896 | €395,080 | -€27,816 | -6.6% |
| Plant, machinery and equipment | 23 | €211,582 | €215,200 | +€3,618 | +1.7% |
| Furniture and vehicles | 24 | €133,993 | €93,748 | -€40,245 | -30.0% |
| Other tangible fixed assets | 26 | €77,320 | €86,131 | +€8,811 | +11.4% |
| Current assets | 29/58 | €149,120 | €270,667 | +€121,547 | +81.5% |
| Stocks and contracts in progress | 3 | €52,871 | €80,037 | +€27,166 | +51.4% |
| Stocks | 30/36 | €52,871 | €80,037 | +€27,166 | +51.4% |
| Amounts receivable within one year | 40/41 | €33,852 | €12,105 | -€21,747 | -64.2% |
| Trade receivables | 40 | €6,912 | €12,105 | +€5,193 | +75.1% |
| Other amounts receivable | 41 | €26,940 | - | -€26,940 | |
| Cash at bank and in hand | 54/58 | €56,350 | €175,004 | +€118,654 | +211% |
| Deferred charges and accrued income | 490/1 | €6,048 | €3,522 | -€2,526 | -41.8% |
| Total equity and liabilities | 10/49 | €754,215 | €829,256 | +€75,042 | +9.9% |
| Equity | 10/15 | €84,216 | €235,114 | +€150,898 | +179% |
| Contributions | 10/11 | €371,000 | €371,000 | = | 0.0% |
| Contributions outside capital | 11 | €371,000 | €371,000 | = | 0.0% |
| Other | 1109/19 | €371,000 | €371,000 | = | 0.0% |
| Reserves | 13 | €37,100 | €37,100 | = | 0.0% |
| Distributable reserves | 133 | €37,100 | €37,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,884 | -€172,986 | +€150,898 | +46.6% |
| Amounts payable | 17/49 | €669,999 | €594,143 | -€75,856 | -11.3% |
| Amounts payable after more than one year | 17 | €323,485 | €368,625 | +€45,140 | +14.0% |
| Financial debts | 170/4 | €323,485 | €368,625 | +€45,140 | +14.0% |
| Amounts payable within one year | 42/48 | €346,514 | €225,518 | -€120,996 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €50,342 | €54,860 | +€4,518 | +9.0% |
| Trade debts | 44 | €143,894 | €109,130 | -€34,764 | -24.2% |
| Suppliers | 440/4 | €143,894 | €109,130 | -€34,764 | -24.2% |
| Taxes, remuneration and social security | 45 | €13,631 | €47,416 | +€33,784 | +248% |
| Taxes | 450/3 | €1,280 | €7,897 | +€6,616 | +517% |
| Remuneration and social security | 454/9 | €12,351 | €39,519 | +€27,168 | +220% |
| Other amounts payable | 47/48 | €138,646 | €14,112 | -€124,534 | -89.8% |
| Remuneration, social security and pensions | 62 | €21,373 | €218,211 | +€196,838 | +921% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,765 | €112,584 | +€54,819 | +94.9% |
| Other operating charges | 640/8 | €329 | €10,352 | +€10,022 | +3,042% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €75,794 | €507,247 | +€431,453 | +569% |
| Operating profit (loss) | 9901 | -€3,673 | €165,601 | +€169,274 | |
| Financial income | 75/76B | €268 | €106 | -€162 | -60.4% |
| Recurring financial income | 75 | €268 | €106 | -€162 | -60.4% |
| Financial charges | 65/66B | €8,091 | €13,416 | +€5,325 | +65.8% |
| Recurring financial charges | 65 | €8,091 | €13,416 | +€5,325 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,496 | €152,291 | +€163,787 | |
| Income taxes | 67/77 | €1,329 | €1,393 | +€65 | +4.9% |
| Profit (loss) for the period | 9904 | -€12,825 | €150,898 | +€163,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,825 | €150,898 | +€163,723 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.