DE BACKER MICHEL: what changed
DE BACKER MICHEL
Largest movements
- Tangible fixed assets -€7,085
down €7,085 (-4.2%), from €167,709 to €160,624
of which Land and buildings: -€5,245
- Receivables within one year -€3,937
down €3,937 (-60.5%), from €6,508 to €2,571
of which Trade receivables: -€3,371
- Debts after one year -€27,217
down €27,217 (-30.4%), from €89,391 to €62,174
- Other debts +€14,823
up €14,823 (+327%), from €4,530 to €19,353
- Reserves +€4,981
up €4,981 (+8.9%), from €56,023 to €61,004
of which Distributable reserves: +€4,981
- Advances received -€3,262
no longer reported in 2025 (was €3,262)
- Gross operating margin +€4,437
up €4,437 (+30.8%), from €14,387 to €18,824
- Financial charges -€1,864
down €1,864 (-40.7%), from €4,581 to €2,717
- Taxes +€1,543
up €1,543 (+261%), from €590 to €2,133
- Other operating charges +€621
up €621 (+47.1%), from €1,318 to €1,938
- Depreciation +€212
up €212 (+3.1%), from €6,873 to €7,085
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,221 | €164,063 | -€11,157 | -6.4% |
| Fixed assets | 21/28 | €168,177 | €161,092 | -€7,085 | -4.2% |
| Tangible fixed assets | 22/27 | €167,709 | €160,624 | -€7,085 | -4.2% |
| Land and buildings | 22 | €160,139 | €154,894 | -€5,245 | -3.3% |
| Furniture and vehicles | 24 | €7,570 | €5,730 | -€1,839 | -24.3% |
| Financial fixed assets | 28 | €469 | €469 | = | 0.0% |
| Current assets | 29/58 | €7,043 | €2,971 | -€4,072 | -57.8% |
| Amounts receivable within one year | 40/41 | €6,508 | €2,571 | -€3,937 | -60.5% |
| Trade receivables | 40 | €5,371 | €2,000 | -€3,371 | -62.8% |
| Other amounts receivable | 41 | €1,136 | €571 | -€565 | -49.7% |
| Deferred charges and accrued income | 490/1 | €536 | €400 | -€136 | -25.4% |
| Total equity and liabilities | 10/49 | €175,221 | €164,063 | -€11,157 | -6.4% |
| Equity | 10/15 | €62,223 | €67,204 | +€4,981 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,023 | €61,004 | +€4,981 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,163 | €59,144 | +€4,981 | +9.2% |
| Amounts payable | 17/49 | €112,998 | €96,860 | -€16,138 | -14.3% |
| Amounts payable after more than one year | 17 | €89,391 | €62,174 | -€27,217 | -30.4% |
| Financial debts | 170/4 | €89,391 | €62,174 | -€27,217 | -30.4% |
| Amounts payable within one year | 42/48 | €23,607 | €34,685 | +€11,078 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €4,580 | €4,717 | +€137 | +3.0% |
| Financial debts | 43 | €3,774 | €2,682 | -€1,093 | -28.9% |
| Credit institutions | 430/8 | €3,774 | €2,682 | -€1,093 | -28.9% |
| Trade debts | 44 | €2,576 | €3,653 | +€1,077 | +41.8% |
| Suppliers | 440/4 | €2,576 | €3,653 | +€1,077 | +41.8% |
| Advances received on contracts in progress | 46 | €3,262 | - | -€3,262 | |
| Taxes, remuneration and social security | 45 | €4,885 | €4,281 | -€604 | -12.4% |
| Taxes | 450/3 | €3,385 | €2,781 | -€604 | -17.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €4,530 | €19,353 | +€14,823 | +327% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,873 | €7,085 | +€212 | +3.1% |
| Other operating charges | 640/8 | €1,318 | €1,938 | +€621 | +47.1% |
| Gross operating margin | 9900 | €14,387 | €18,824 | +€4,437 | +30.8% |
| Operating profit (loss) | 9901 | €6,196 | €9,801 | +€3,605 | +58.2% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €4,581 | €2,717 | -€1,864 | -40.7% |
| Recurring financial charges | 65 | €4,581 | €2,717 | -€1,864 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €1,616 | €7,114 | +€5,498 | +340% |
| Income taxes | 67/77 | €590 | €2,133 | +€1,543 | +261% |
| Profit (loss) for the period | 9904 | €1,025 | €4,981 | +€3,956 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €1,025 | €4,981 | +€3,956 | +386% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.