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 +€57,540
up €57,540 (+31.9%), from €180,614 to €238,155
mainly Net result for the year (+€48,687) and Debts after one year (+€38,215)
- Tangible fixed assets +€45,511
up €45,511 (+147%), from €30,920 to €76,432
of which Furniture and vehicles: +€47,507
- Reserves +€48,687
up €48,687 (+24.1%), from €202,350 to €251,036
- Debts after one year +€38,215
new in 2025: €38,215
- Advances received +€20,000
new in 2025: €20,000
- Gross operating margin +€39,993
up €39,993 (+87.9%), from €45,497 to €85,491
- Taxes +€7,712
up €7,712 (+85.7%), from €9,000 to €16,711
- Depreciation +€6,970
up €6,970 (+62.9%), from €11,081 to €18,051
- Financial charges +€880
up €880 (+488%), from €180 to €1,061
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 | €231,971 | €337,967 | +€105,996 | +45.7% |
| Fixed assets | 21/28 | €30,920 | €76,432 | +€45,511 | +147% |
| Tangible fixed assets | 22/27 | €30,920 | €76,432 | +€45,511 | +147% |
| Plant, machinery and equipment | 23 | €7,410 | €5,414 | -€1,996 | -26.9% |
| Furniture and vehicles | 24 | €23,510 | €71,017 | +€47,507 | +202% |
| Current assets | 29/58 | €201,051 | €261,535 | +€60,484 | +30.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,418 | €19,989 | +€2,571 | +14.8% |
| Trade receivables | 40 | €11,417 | €8,595 | -€2,822 | -24.7% |
| Other amounts receivable | 41 | €6,002 | €11,395 | +€5,393 | +89.9% |
| Cash at bank and in hand | 54/58 | €180,614 | €238,155 | +€57,540 | +31.9% |
| Deferred charges and accrued income | 490/1 | €3,018 | €3,391 | +€373 | +12.4% |
| Total equity and liabilities | 10/49 | €231,971 | €337,967 | +€105,996 | +45.7% |
| Equity | 10/15 | €214,850 | €263,536 | +€48,687 | +22.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €202,350 | €251,036 | +€48,687 | +24.1% |
| Distributable reserves | 133 | €202,350 | €251,036 | +€48,687 | +24.1% |
| Amounts payable | 17/49 | €17,121 | €74,431 | +€57,309 | +335% |
| Amounts payable after more than one year | 17 | - | €38,215 | +€38,215 | |
| Financial debts | 170/4 | - | €38,215 | +€38,215 | |
| Amounts payable within one year | 42/48 | €17,121 | €36,216 | +€19,094 | +112% |
| Trade debts | 44 | €6,681 | €3,928 | -€2,754 | -41.2% |
| Suppliers | 440/4 | €6,681 | €3,928 | -€2,754 | -41.2% |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | €8,832 | €10,680 | +€1,848 | +20.9% |
| Taxes | 450/3 | €6,499 | €8,347 | +€1,848 | +28.4% |
| Remuneration and social security | 454/9 | €2,333 | €2,333 | = | 0.0% |
| Other amounts payable | 47/48 | €1,608 | €1,608 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,081 | €18,051 | +€6,970 | +62.9% |
| Other operating charges | 640/8 | €903 | €984 | +€81 | +9.0% |
| Gross operating margin | 9900 | €45,497 | €85,491 | +€39,993 | +87.9% |
| Operating profit (loss) | 9901 | €33,513 | €66,456 | +€32,942 | +98.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +4,329% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4,329% |
| Financial charges | 65/66B | €180 | €1,061 | +€880 | +488% |
| Recurring financial charges | 65 | €180 | €1,061 | +€880 | +488% |
| Profit (loss) for the period before taxes | 9903 | €33,333 | €65,398 | +€32,065 | +96.2% |
| Income taxes | 67/77 | €9,000 | €16,711 | +€7,712 | +85.7% |
| Profit (loss) for the period | 9904 | €24,333 | €48,687 | +€24,353 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €24,333 | €48,687 | +€24,353 | +100% |
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 18 October 2026 via checked.be.