DE BACKER M.: 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 M.
Largest movements
- Cash +€11,177
up €11,177 (+42.4%), from €26,348 to €37,525
mainly Depreciation (+€12,040) and Net result for the year (+€10,868)
- Receivables within one year -€10,640
down €10,640 (-30.9%), from €34,406 to €23,765
of which Trade receivables: -€11,756
- Tangible fixed assets -€4,913
down €4,913 (-12.0%), from €41,077 to €36,164
of which Plant, machinery and equipment: -€8,542
- Stocks and contracts +€2,717
up €2,717 (+131.6%), from €2,064 to €4,781
- Reserves +€10,868
up €10,868 (+38.0%), from €28,631 to €39,499
of which Distributable reserves: +€10,868
- Tax, wage and social debts -€8,308
down €8,308 (-57.0%), from €14,588 to €6,280
- Debts after one year -€6,282
down €6,282 (-46.6%), from €13,474 to €7,192
- Trade debts +€1,737
up €1,737 (+17.8%), from €9,740 to €11,477
- Gross operating margin -€24,879
down €24,879 (-46.4%), from €53,589 to €28,710
- Taxes -€8,511
down €8,511 (-66.6%), from €12,774 to €4,263
- Financial charges -€1,401
down €1,401 (-56.4%), from €2,483 to €1,083
- Depreciation +€951
up €951 (+8.6%), from €11,089 to €12,040
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 | €103,895 | €102,235 | -€1,660 | -1.6% |
| Fixed assets | 21/28 | €41,077 | €36,164 | -€4,913 | -12.0% |
| Tangible fixed assets | 22/27 | €41,077 | €36,164 | -€4,913 | -12.0% |
| Plant, machinery and equipment | 23 | €39,415 | €30,873 | -€8,542 | -21.7% |
| Furniture and vehicles | 24 | €1,661 | €5,291 | +€3,629 | +218.5% |
| Current assets | 29/58 | €62,818 | €66,071 | +€3,253 | +5.2% |
| Stocks and contracts in progress | 3 | €2,064 | €4,781 | +€2,717 | +131.6% |
| Stocks | 30/36 | €2,064 | €4,781 | +€2,717 | +131.6% |
| Amounts receivable within one year | 40/41 | €34,406 | €23,765 | -€10,640 | -30.9% |
| Trade receivables | 40 | €18,934 | €7,177 | -€11,756 | -62.1% |
| Other amounts receivable | 41 | €15,472 | €16,588 | +€1,116 | +7.2% |
| Cash at bank and in hand | 54/58 | €26,348 | €37,525 | +€11,177 | +42.4% |
| Total equity and liabilities | 10/49 | €103,895 | €102,235 | -€1,660 | -1.6% |
| Equity | 10/15 | €60,136 | €71,004 | +€10,868 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,631 | €39,499 | +€10,868 | +38.0% |
| Non-distributable reserves | 130/1 | €958 | €958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €958 | €958 | = | 0.0% |
| Distributable reserves | 133 | €27,673 | €38,541 | +€10,868 | +39.3% |
| Profit (loss) carried forward | 14 | €12,905 | €12,905 | = | 0.0% |
| Amounts payable | 17/49 | €43,759 | €31,231 | -€12,528 | -28.6% |
| Amounts payable after more than one year | 17 | €13,474 | €7,192 | -€6,282 | -46.6% |
| Financial debts | 170/4 | €13,474 | €7,192 | -€6,282 | -46.6% |
| Amounts payable within one year | 42/48 | €30,285 | €24,039 | -€6,246 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €5,957 | €6,282 | +€325 | +5.5% |
| Trade debts | 44 | €9,740 | €11,477 | +€1,737 | +17.8% |
| Suppliers | 440/4 | €9,740 | €11,477 | +€1,737 | +17.8% |
| Taxes, remuneration and social security | 45 | €14,588 | €6,280 | -€8,308 | -57.0% |
| Taxes | 450/3 | €14,588 | €6,280 | -€8,308 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,089 | €12,040 | +€951 | +8.6% |
| Other operating charges | 640/8 | €654 | €520 | -€135 | -20.6% |
| Non-recurring operating charges | 66A | €2,389 | - | -€2,389 | |
| Gross operating margin | 9900 | €53,589 | €28,710 | -€24,879 | -46.4% |
| Operating profit (loss) | 9901 | €39,457 | €16,151 | -€23,306 | -59.1% |
| Financial income | 75/76B | €575 | €63 | -€512 | -89.1% |
| Recurring financial income | 75 | €575 | €63 | -€512 | -89.1% |
| Financial charges | 65/66B | €2,483 | €1,083 | -€1,401 | -56.4% |
| Recurring financial charges | 65 | €2,483 | €1,083 | -€1,401 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €37,549 | €15,131 | -€22,418 | -59.7% |
| Income taxes | 67/77 | €12,774 | €4,263 | -€8,511 | -66.6% |
| Profit (loss) for the period | 9904 | €24,775 | €10,868 | -€13,907 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,775 | €10,868 | -€13,907 | -56.1% |
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 11 October 2026 via checked.be.