DE BACKER FinCo: 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 FinCo
Largest movements
- Financial fixed assets +€533,574
up €533,574 (+26.2%), from €2.0m to €2.6m
- Cash +€280,920
up €280,920 (+217%), from €129,239 to €410,159
mainly Net result for the year (+€439,377) and Debts after one year (+€290,945)
- Current investments -€186,492
down €186,492 (-42.4%), from €440,067 to €253,575
- Receivables within one year +€99,152
up €99,152 (+19.4%), from €509,851 to €609,003
of which Other amounts receivable: +€103,145
- Reserves +€312,104
up €312,104 (+10.8%), from €2.9m to €3.2m
of which Distributable reserves: +€312,104
- Debts after one year +€290,945
up €290,945 (+343%), from €84,917 to €375,862
- Current portion of long-term debt +€95,831
up €95,831 (+267%), from €35,904 to €131,735
- Other debts +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Financial income +€171,666
up €171,666 (+322%), from €53,292 to €224,958
- Gross operating margin -€63,001
down €63,001 (-14.0%), from €451,321 to €388,320
- Taxes -€11,758
down €11,758 (-9.8%), from €120,053 to €108,295
- Financial charges +€6,379
up €6,379 (+207%), from €3,082 to €9,461
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 | €3,646,251 | €4,383,484 | +€737,233 | +20.2% |
| Fixed assets | 21/28 | €2,559,776 | €3,103,029 | +€543,253 | +21.2% |
| Tangible fixed assets | 22/27 | €525,743 | €535,421 | +€9,678 | +1.8% |
| Land and buildings | 22 | €521,509 | €510,822 | -€10,687 | -2.0% |
| Plant, machinery and equipment | 23 | - | €904 | +€904 | |
| Furniture and vehicles | 24 | €4,234 | €23,696 | +€19,462 | +460% |
| Financial fixed assets | 28 | €2,034,033 | €2,567,607 | +€533,574 | +26.2% |
| Current assets | 29/58 | €1,086,475 | €1,280,455 | +€193,980 | +17.9% |
| Amounts receivable within one year | 40/41 | €509,851 | €609,003 | +€99,152 | +19.4% |
| Trade receivables | 40 | €21,841 | €17,848 | -€3,993 | -18.3% |
| Other amounts receivable | 41 | €488,011 | €591,155 | +€103,145 | +21.1% |
| Current investments | 50/53 | €440,067 | €253,575 | -€186,492 | -42.4% |
| Cash at bank and in hand | 54/58 | €129,239 | €410,159 | +€280,920 | +217% |
| Deferred charges and accrued income | 490/1 | €7,319 | €7,718 | +€399 | +5.5% |
| Total equity and liabilities | 10/49 | €3,646,251 | €4,383,484 | +€737,233 | +20.2% |
| Equity | 10/15 | €3,385,507 | €3,697,611 | +€312,104 | +9.2% |
| Contributions | 10/11 | €508,800 | €508,800 | = | 0.0% |
| Reserves | 13 | €2,876,707 | €3,188,811 | +€312,104 | +10.8% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,839,207 | €3,151,311 | +€312,104 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €260,744 | €685,873 | +€425,129 | +163% |
| Amounts payable after more than one year | 17 | €84,917 | €375,862 | +€290,945 | +343% |
| Financial debts | 170/4 | €84,917 | €375,862 | +€290,945 | +343% |
| Amounts payable within one year | 42/48 | €172,102 | €301,043 | +€128,941 | +74.9% |
| Current portion of amounts payable after more than one year | 42 | €35,904 | €131,735 | +€95,831 | +267% |
| Trade debts | 44 | €8,814 | €3,442 | -€5,372 | -61.0% |
| Suppliers | 440/4 | €8,814 | €3,442 | -€5,372 | -61.0% |
| Taxes, remuneration and social security | 45 | €77,384 | €65,866 | -€11,518 | -14.9% |
| Taxes | 450/3 | €77,384 | €65,866 | -€11,518 | -14.9% |
| Other amounts payable | 47/48 | €50,000 | €100,000 | +€50,000 | +100% |
| Accrued charges and deferred income | 492/3 | €3,725 | €8,968 | +€5,243 | +141% |
| Non-recurring operating income | 76A | €2,190 | €0 | -€2,190 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,000 | €49,649 | +€3,649 | +7.9% |
| Other operating charges | 640/8 | €8,982 | €6,497 | -€2,485 | -27.7% |
| Gross operating margin | 9900 | €451,321 | €388,320 | -€63,001 | -14.0% |
| Operating profit (loss) | 9901 | €396,339 | €332,175 | -€64,165 | -16.2% |
| Financial income | 75/76B | €53,292 | €224,958 | +€171,666 | +322% |
| Recurring financial income | 75 | €53,292 | €224,958 | +€171,666 | +322% |
| Financial charges | 65/66B | €3,082 | €9,461 | +€6,379 | +207% |
| Recurring financial charges | 65 | €3,082 | €9,461 | +€6,379 | +207% |
| Profit (loss) for the period before taxes | 9903 | €446,549 | €547,672 | +€101,122 | +22.6% |
| Income taxes | 67/77 | €120,053 | €108,295 | -€11,758 | -9.8% |
| Profit (loss) for the period | 9904 | €326,496 | €439,377 | +€112,881 | +34.6% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €0 | -€126,300 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €452,796 | €439,377 | -€13,419 | -3.0% |
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 22 October 2026 via checked.be.