De Backies: 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 Backies
Largest movements
- Financial fixed assets +€114,500
up €114,500 (+23.9%), from €478,214 to €592,714
- Receivables within one year -€57,797
down €57,797 (-54.7%), from €105,609 to €47,812
of which Other amounts receivable: -€100,666
- Tangible fixed assets +€32,479
up €32,479 (+1.9%), from €1.7m to €1.7m
of which Land and buildings: +€34,359
- Debts after one year -€339,515
down €339,515 (-24.8%), from €1.4m to €1.0m
- Profit (loss) carried forward +€283,415
up €283,415 (+79.1%), from €358,323 to €641,738
- Other debts +€125,775
up €125,775 (+74.1%), from €169,811 to €295,587
- Financial income +€300,018
up €300,018 (+166,676,567%), from €0 to €300,018
- Gross operating margin +€118,605
up €118,605 (+131%), from €90,625 to €209,230
- Financial charges +€107,551
up €107,551 (+244%), from €44,085 to €151,636
of which Non-recurring financial charges: +€129,781
- Depreciation +€9,355
up €9,355 (+17.3%), from €54,052 to €63,407
- Other operating charges +€6,333
up €6,333 (+418%), from €1,515 to €7,848
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 | €2,308,021 | €2,389,584 | +€81,564 | +3.5% |
| Fixed assets | 21/28 | €2,184,516 | €2,331,495 | +€146,979 | +6.7% |
| Tangible fixed assets | 22/27 | €1,706,302 | €1,738,781 | +€32,479 | +1.9% |
| Land and buildings | 22 | €1,704,422 | €1,738,781 | +€34,359 | +2.0% |
| Furniture and vehicles | 24 | €1,880 | €0 | -€1,880 | -100% |
| Financial fixed assets | 28 | €478,214 | €592,714 | +€114,500 | +23.9% |
| Current assets | 29/58 | €123,505 | €58,090 | -€65,415 | -53.0% |
| Amounts receivable within one year | 40/41 | €105,609 | €47,812 | -€57,797 | -54.7% |
| Trade receivables | 40 | €1,773 | €44,641 | +€42,868 | +2,418% |
| Other amounts receivable | 41 | €103,836 | €3,170 | -€100,666 | -96.9% |
| Cash at bank and in hand | 54/58 | €17,246 | €10,161 | -€7,086 | -41.1% |
| Deferred charges and accrued income | 490/1 | €649 | €117 | -€532 | -82.0% |
| Total equity and liabilities | 10/49 | €2,308,021 | €2,389,584 | +€81,564 | +3.5% |
| Equity | 10/15 | €666,649 | €950,063 | +€283,415 | +42.5% |
| Contributions | 10/11 | €74,800 | €74,800 | = | 0.0% |
| Reserves | 13 | €233,526 | €233,526 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,247 | €35,247 | = | 0.0% |
| Distributable reserves | 133 | €198,279 | €198,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,323 | €641,738 | +€283,415 | +79.1% |
| Amounts payable | 17/49 | €1,641,372 | €1,439,521 | -€201,851 | -12.3% |
| Amounts payable after more than one year | 17 | €1,371,257 | €1,031,742 | -€339,515 | -24.8% |
| Financial debts | 170/4 | €1,371,257 | €1,031,742 | -€339,515 | -24.8% |
| Amounts payable within one year | 42/48 | €232,760 | €362,837 | +€130,077 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €21,401 | €22,128 | +€727 | +3.4% |
| Trade debts | 44 | €20,097 | €42,399 | +€22,301 | +111% |
| Suppliers | 440/4 | €20,097 | €42,399 | +€22,301 | +111% |
| Taxes, remuneration and social security | 45 | €21,451 | €2,724 | -€18,727 | -87.3% |
| Taxes | 450/3 | €21,451 | €2,724 | -€18,727 | -87.3% |
| Other amounts payable | 47/48 | €169,811 | €295,587 | +€125,775 | +74.1% |
| Accrued charges and deferred income | 492/3 | €37,356 | €44,942 | +€7,587 | +20.3% |
| Non-recurring operating income | 76A | - | €127,747 | +€127,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,052 | €63,407 | +€9,355 | +17.3% |
| Other operating charges | 640/8 | €1,515 | €7,848 | +€6,333 | +418% |
| Non-recurring operating charges | 66A | - | €2,942 | +€2,942 | |
| Gross operating margin | 9900 | €90,625 | €209,230 | +€118,605 | +131% |
| Operating profit (loss) | 9901 | €35,059 | €135,033 | +€99,974 | +285% |
| Financial income | 75/76B | €0 | €300,018 | +€300,018 | +166,676,567% |
| Recurring financial income | 75 | €0 | €300,018 | +€300,018 | +166,676,567% |
| Financial charges | 65/66B | €44,085 | €151,636 | +€107,551 | +244% |
| Recurring financial charges | 65 | €44,085 | €21,856 | -€22,229 | -50.4% |
| Non-recurring financial charges | 66B | - | €129,781 | +€129,781 | |
| Profit (loss) for the period before taxes | 9903 | -€9,026 | €283,415 | +€292,441 | |
| Income taxes | 67/77 | €351 | €0 | -€351 | -100% |
| Profit (loss) for the period | 9904 | -€9,377 | €283,415 | +€292,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,377 | €283,415 | +€292,792 |
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 29 October 2026 via checked.be.