DE BACKER MANAGEMENT: what changed
What changed
DE BACKER MANAGEMENT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€851,154
2024 · €89,222+€761,932
Equity
€3.2m
2024 · €2.4m+€851,154
Cash
€1.0m
2024 · €631,079+€392,429
Balance sheet total
€3.2m
2024 · €2.5m+€747,197
Largest movements
Assets
- Receivables within one year +€402,111
up €402,111 (+978%), from €41,108 to €443,219
of which Other amounts receivable: +€349,942
- Cash +€392,429
up €392,429 (+62.2%), from €631,079 to €1.0m
mainly Net result for the year (+€851,154) and Current investments (+€54,150)
- Current investments -€54,150
down €54,150 (-87.1%), from €62,150 to €8,000
Equity and liabilities
- Reserves +€851,154
up €851,154 (+41.4%), from €2.1m to €2.9m
of which Distributable reserves: +€851,154
- Current portion of long-term debt -€84,479
down €84,479 (-83.1%), from €101,604 to €17,125
Income statement
- Financial income +€757,272
up €757,272 (+27,682%), from €2,736 to €760,008
- Gross operating margin -€37,901
down €37,901 (-21.3%), from €177,768 to €139,868
- Depreciation -€15,230
down €15,230 (-57.2%), from €26,605 to €11,375
- Other operating charges -€8,254
down €8,254 (-59.4%), from €13,886 to €5,632
- Financial charges -€7,003
down €7,003 (-78.8%), from €8,883 to €1,880
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,222
Gross operating margin
-€37,901
Depreciation
+€15,230
Other operating charges
+€8,254
Other operating items
+€17,132
Financial income
+€757,272
Financial charges
+€7,003
Taxes
-€5,058
Result 2025
€851,154
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€458,065
Investment
+€35,968
Financing
-€101,604
Cash 2024
€631,079
From operations (derived)
+€458,065
Net result for the year
+€851,154
Depreciation
+€11,375
Receivables within one year
-€402,111
Trade debts
+€165
Tax, wage and social debts
-€2,519
Investment (derived)
+€35,968
Investment in fixed assets (net)
-€18,182
Current investments
+€54,150
Financing
-€101,604
Debts after one year
-€17,125
Current portion of long-term debt
-€84,479
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,489,687 | €3,236,884 | +€747,197 | +30.0% |
| Fixed assets | 21/28 | €1,755,350 | €1,762,157 | +€6,807 | +0.4% |
| Tangible fixed assets | 22/27 | €293,719 | €282,344 | -€11,375 | -3.9% |
| Land and buildings | 22 | €293,719 | €282,344 | -€11,375 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,461,631 | €1,479,813 | +€18,182 | +1.2% |
| Current assets | 29/58 | €734,337 | €1,474,727 | +€740,390 | +101% |
| Amounts receivable within one year | 40/41 | €41,108 | €443,219 | +€402,111 | +978% |
| Trade receivables | 40 | €884 | €53,053 | +€52,169 | +5,900% |
| Other amounts receivable | 41 | €40,224 | €390,166 | +€349,942 | +870% |
| Current investments | 50/53 | €62,150 | €8,000 | -€54,150 | -87.1% |
| Cash at bank and in hand | 54/58 | €631,079 | €1,023,508 | +€392,429 | +62.2% |
| Total equity and liabilities | 10/49 | €2,489,687 | €3,236,884 | +€747,197 | +30.0% |
| Equity | 10/15 | €2,355,804 | €3,206,959 | +€851,154 | +36.1% |
| Contributions | 10/11 | €302,000 | €302,000 | = | 0.0% |
| Reserves | 13 | €2,053,804 | €2,904,959 | +€851,154 | +41.4% |
| Non-distributable reserves | 130/1 | €30,200 | €30,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,200 | €30,200 | = | 0.0% |
| Distributable reserves | 133 | €2,023,604 | €2,874,759 | +€851,154 | +42.1% |
| Amounts payable | 17/49 | €133,882 | €29,925 | -€103,957 | -77.6% |
| Amounts payable after more than one year | 17 | €17,125 | €0 | -€17,125 | -100% |
| Financial debts | 170/4 | €17,125 | €0 | -€17,125 | -100% |
| Amounts payable within one year | 42/48 | €116,758 | €29,925 | -€86,832 | -74.4% |
| Current portion of amounts payable after more than one year | 42 | €101,604 | €17,125 | -€84,479 | -83.1% |
| Trade debts | 44 | €0 | €165 | +€165 | |
| Suppliers | 440/4 | €0 | €165 | +€165 | |
| Taxes, remuneration and social security | 45 | €15,153 | €12,635 | -€2,519 | -16.6% |
| Taxes | 450/3 | €15,153 | €12,635 | -€2,519 | -16.6% |
| Non-recurring operating income | 76A | €28,099 | €0 | -€28,099 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,605 | €11,375 | -€15,230 | -57.2% |
| Other operating charges | 640/8 | €13,886 | €5,632 | -€8,254 | -59.4% |
| Non-recurring operating charges | 66A | €17,132 | €0 | -€17,132 | -100% |
| Gross operating margin | 9900 | €177,768 | €139,868 | -€37,901 | -21.3% |
| Operating profit (loss) | 9901 | €120,146 | €122,861 | +€2,715 | +2.3% |
| Financial income | 75/76B | €2,736 | €760,008 | +€757,272 | +27,682% |
| Recurring financial income | 75 | €2,736 | €760,008 | +€757,272 | +27,682% |
| Financial charges | 65/66B | €8,883 | €1,880 | -€7,003 | -78.8% |
| Recurring financial charges | 65 | €8,883 | €1,880 | -€7,003 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €113,998 | €880,989 | +€766,990 | +673% |
| Income taxes | 67/77 | €24,776 | €29,834 | +€5,058 | +20.4% |
| Profit (loss) for the period | 9904 | €89,222 | €851,154 | +€761,932 | +854% |
| Profit (loss) for the period to be appropriated | 9905 | €89,222 | €851,154 | +€761,932 | +854% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.