DE BAETS MODE: 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 BAETS MODE
Largest movements
- Cash +€173,272
up €173,272 (+49007.9%), from €354 to €173,626
mainly Debts after one year (+€256,688) and Accrued charges and deferred income (+€55,038)
- Stocks and contracts +€153,701
new in 2025: €153,701
- Intangible fixed assets +€45,000
new in 2025: €45,000
- Tangible fixed assets +€9,537
new in 2025: €9,537
- Debts after one year +€256,688
new in 2025: €256,688
- Accrued charges and deferred income +€55,038
new in 2025: €55,038
- Tax, wage and social debts +€36,292
new in 2025: €36,292
of which Remuneration and social security: +€34,502
- Trade debts +€19,919
new in 2025: €19,919
- Reserves +€17,897
new in 2025: €17,897
- Gross operating margin +€184,592
up €184,592, from -€3,862 to €180,731
- Staff costs +€148,041
new in 2025: €148,041
- Taxes +€6,279
new in 2025: €6,279
- Depreciation +€6,060
new in 2025: €6,060
- Financial charges +€2,313
up €2,313 (+12520.4%), from €18 to €2,331
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 | €692 | €386,526 | +€385,834 | +55728.2% |
| Fixed assets | 21/28 | - | €54,537 | +€54,537 | |
| Intangible fixed assets | 21 | - | €45,000 | +€45,000 | |
| Tangible fixed assets | 22/27 | - | €9,537 | +€9,537 | |
| Plant, machinery and equipment | 23 | - | €9,537 | +€9,537 | |
| Current assets | 29/58 | €692 | €331,989 | +€331,297 | +47851.1% |
| Stocks and contracts in progress | 3 | - | €153,701 | +€153,701 | |
| Stocks | 30/36 | - | €153,701 | +€153,701 | |
| Amounts receivable within one year | 40/41 | €339 | €987 | +€649 | +191.4% |
| Trade receivables | 40 | €239 | €750 | +€511 | +213.5% |
| Other amounts receivable | 41 | €100 | €237 | +€138 | +138.4% |
| Cash at bank and in hand | 54/58 | €354 | €173,626 | +€173,272 | +49007.9% |
| Deferred charges and accrued income | 490/1 | - | €3,675 | +€3,675 | |
| Total equity and liabilities | 10/49 | €692 | €386,526 | +€385,834 | +55728.2% |
| Equity | 10/15 | -€2,880 | €15,017 | +€17,897 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €17,897 | +€17,897 | |
| Distributable reserves | 133 | - | €17,897 | +€17,897 | |
| Profit (loss) carried forward | 14 | -€3,880 | -€3,880 | = | 0.0% |
| Amounts payable | 17/49 | €3,572 | €371,509 | +€367,937 | +10299.4% |
| Amounts payable after more than one year | 17 | - | €256,688 | +€256,688 | |
| Financial debts | 170/4 | - | €256,688 | +€256,688 | |
| Amounts payable within one year | 42/48 | €3,572 | €59,783 | +€56,211 | +1573.5% |
| Trade debts | 44 | - | €19,919 | +€19,919 | |
| Suppliers | 440/4 | - | €19,919 | +€19,919 | |
| Taxes, remuneration and social security | 45 | - | €36,292 | +€36,292 | |
| Taxes | 450/3 | - | €1,790 | +€1,790 | |
| Remuneration and social security | 454/9 | - | €34,502 | +€34,502 | |
| Other amounts payable | 47/48 | €3,572 | €3,572 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €55,038 | +€55,038 | |
| Remuneration, social security and pensions | 62 | - | €148,041 | +€148,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,060 | +€6,060 | |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | -€3,862 | €180,731 | +€184,592 | |
| Operating profit (loss) | 9901 | -€3,862 | €26,502 | +€30,363 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €18 | €2,331 | +€2,313 | +12520.4% |
| Recurring financial charges | 65 | €18 | €2,331 | +€2,313 | +12520.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,880 | €24,176 | +€28,056 | |
| Income taxes | 67/77 | - | €6,279 | +€6,279 | |
| Profit (loss) for the period | 9904 | -€3,880 | €17,897 | +€21,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,880 | €17,897 | +€21,777 |
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 10 October 2026 via checked.be.