DE BAL: 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 BAL
Largest movements
- Tangible fixed assets -€25,811
down €25,811 (-3.2%), from €808,819 to €783,008
of which Land and buildings: -€23,249
- Cash +€24,300
up €24,300 (+34.3%), from €70,881 to €95,181
mainly Depreciation (+€27,754) and Deferred charges and accrued income (+€21,250)
- Deferred charges and accrued income -€21,250
no longer reported in 2025 (was €21,250)
- Investment grants -€43,911
down €43,911 (-5.2%), from €848,036 to €804,125
- Trade debts +€13,607
up €13,607 (+317%), from €4,297 to €17,904
- Profit (loss) carried forward +€9,693
up €9,693 (+53.7%), from -€18,055 to -€8,362
- Turnover +€410,522
up €410,522 (+444%), from €92,369 to €502,891
- Gross operating margin +€69,093
up €69,093 (+18.9%), from €365,498 to €434,591
- Staff costs +€66,258
up €66,258 (+18.7%), from €353,386 to €419,644
- Purchases and services -€18,054
down €18,054 (-20.9%), from €86,354 to €68,300
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 | €953,488 | €932,275 | -€21,213 | -2.2% |
| Fixed assets | 21/28 | €808,819 | €783,008 | -€25,811 | -3.2% |
| Tangible fixed assets | 22/27 | €808,819 | €783,008 | -€25,811 | -3.2% |
| Land and buildings | 22 | €776,835 | €753,586 | -€23,249 | -3.0% |
| Plant, machinery and equipment | 23 | €27,120 | €24,692 | -€2,428 | -9.0% |
| Furniture and vehicles | 24 | €4,864 | €4,730 | -€134 | -2.8% |
| Current assets | 29/58 | €144,669 | €149,267 | +€4,598 | +3.2% |
| Amounts receivable within one year | 40/41 | €52,538 | €54,086 | +€1,548 | +2.9% |
| Trade receivables | 40 | €52,538 | €54,086 | +€1,548 | +2.9% |
| Cash at bank and in hand | 54/58 | €70,881 | €95,181 | +€24,300 | +34.3% |
| Deferred charges and accrued income | 490/1 | €21,250 | - | -€21,250 | |
| Total equity and liabilities | 10/49 | €953,488 | €932,275 | -€21,213 | -2.2% |
| Equity | 10/15 | €829,981 | €795,763 | -€34,218 | -4.1% |
| Profit (loss) carried forward | 14 | -€18,055 | -€8,362 | +€9,693 | +53.7% |
| Investment grants | 15 | €848,036 | €804,125 | -€43,911 | -5.2% |
| Provisions and deferred taxes | 16 | €44,135 | €44,135 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,135 | €44,135 | = | 0.0% |
| Other liabilities and charges | 164/5 | €44,135 | €44,135 | = | 0.0% |
| Amounts payable | 17/49 | €79,372 | €92,377 | +€13,005 | +16.4% |
| Amounts payable within one year | 42/48 | €65,214 | €76,917 | +€11,703 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €6,600 | €6,856 | +€256 | +3.9% |
| Trade debts | 44 | €4,297 | €17,904 | +€13,607 | +317% |
| Suppliers | 440/4 | €4,297 | €17,904 | +€13,607 | +317% |
| Taxes, remuneration and social security | 45 | €54,317 | €52,157 | -€2,160 | -4.0% |
| Taxes | 450/3 | €6,669 | €2,912 | -€3,757 | -56.3% |
| Remuneration and social security | 454/9 | €47,648 | €49,245 | +€1,597 | +3.4% |
| Accrued charges and deferred income | 492/3 | €14,158 | €15,460 | +€1,302 | +9.2% |
| Turnover | 70 | €92,369 | €502,891 | +€410,522 | +444% |
| Membership fees, donations, legacies and grants | 73 | €359,483 | - | -€359,483 | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,354 | €68,300 | -€18,054 | -20.9% |
| Remuneration, social security and pensions | 62 | €353,386 | €419,644 | +€66,258 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,532 | €27,754 | +€222 | +0.8% |
| Other operating charges | 640/8 | €672 | €667 | -€5 | -0.7% |
| Gross operating margin | 9900 | €365,498 | €434,591 | +€69,093 | +18.9% |
| Operating profit (loss) | 9901 | -€16,092 | -€13,474 | +€2,618 | +16.3% |
| Financial income | 75/76B | €23,884 | €23,451 | -€433 | -1.8% |
| Recurring financial income | 75 | €23,884 | €23,451 | -€433 | -1.8% |
| Financial charges | 65/66B | €183 | €284 | +€101 | +55.2% |
| Recurring financial charges | 65 | €183 | €284 | +€101 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €7,609 | €9,693 | +€2,084 | +27.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,609 | €9,693 | +€2,084 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,609 | €9,693 | +€2,084 | +27.4% |
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 15 October 2026 via checked.be.