DE BALIE: 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 BALIE
Largest movements
- Cash -€168,152
down €168,152 (-74.4%), from €225,984 to €57,832
mainly Investment in fixed assets (net) (-€165,337) and Trade debts (-€89,856)
- Tangible fixed assets +€75,401
up €75,401 (+5.1%), from €1.5m to €1.6m
of which Land and buildings: +€90,447
- Receivables within one year -€72,248
down €72,248 (-69.7%), from €103,658 to €31,410
- Other debts +€100,000
new in 2025: €100,000
- Trade debts -€89,856
down €89,856 (-99.9%), from €89,920 to €64
- Reserves -€73,244
down €73,244 (-5.6%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€45,276
- Debts after one year -€68,049
no longer reported in 2025 (was €68,049)
- Provisions -€24,534
down €24,534 (-8.8%), from €279,917 to €255,383
- Gross operating margin -€16,943
down €16,943, from €13,986 to -€2,958
- Depreciation +€7,832
up €7,832 (+9.5%), from €82,105 to €89,937
- Financial income -€5,353
no longer reported in 2025 (was €5,353)
- Financial charges -€3,284
down €3,284 (-95.2%), from €3,450 to €166
- Other operating charges -€574
down €574 (-10.8%), from €5,292 to €4,718
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 | €1,819,697 | €1,654,697 | -€164,999 | -9.1% |
| Fixed assets | 21/28 | €1,490,055 | €1,565,455 | +€75,401 | +5.1% |
| Tangible fixed assets | 22/27 | €1,490,055 | €1,565,455 | +€75,401 | +5.1% |
| Land and buildings | 22 | €1,473,055 | €1,563,502 | +€90,447 | +6.1% |
| Plant, machinery and equipment | 23 | €598 | €448 | -€149 | -25.0% |
| Furniture and vehicles | 24 | €2,097 | - | -€2,097 | |
| Other tangible fixed assets | 26 | €14,305 | €1,505 | -€12,800 | -89.5% |
| Current assets | 29/58 | €329,642 | €89,242 | -€240,400 | -72.9% |
| Amounts receivable within one year | 40/41 | €103,658 | €31,410 | -€72,248 | -69.7% |
| Other amounts receivable | 41 | €103,658 | €31,410 | -€72,248 | -69.7% |
| Cash at bank and in hand | 54/58 | €225,984 | €57,832 | -€168,152 | -74.4% |
| Total equity and liabilities | 10/49 | €1,819,697 | €1,654,697 | -€164,999 | -9.1% |
| Equity | 10/15 | €1,372,494 | €1,299,250 | -€73,244 | -5.3% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €1,304,294 | €1,231,050 | -€73,244 | -5.6% |
| Tax-exempt reserves | 132 | €600,603 | €555,327 | -€45,276 | -7.5% |
| Distributable reserves | 133 | €703,691 | €675,723 | -€27,969 | -4.0% |
| Provisions and deferred taxes | 16 | €279,917 | €255,383 | -€24,534 | -8.8% |
| Deferred taxes | 168 | €279,917 | €255,383 | -€24,534 | -8.8% |
| Amounts payable | 17/49 | €167,285 | €100,064 | -€67,221 | -40.2% |
| Amounts payable after more than one year | 17 | €68,049 | - | -€68,049 | |
| Financial debts | 170/4 | €68,049 | - | -€68,049 | |
| Amounts payable within one year | 42/48 | €99,236 | €100,064 | +€828 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €9,316 | - | -€9,316 | |
| Trade debts | 44 | €89,920 | €64 | -€89,856 | -99.9% |
| Suppliers | 440/4 | €89,920 | €64 | -€89,856 | -99.9% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,105 | €89,937 | +€7,832 | +9.5% |
| Other operating charges | 640/8 | €5,292 | €4,718 | -€574 | -10.8% |
| Gross operating margin | 9900 | €13,986 | -€2,958 | -€16,943 | |
| Operating profit (loss) | 9901 | -€73,411 | -€97,612 | -€24,202 | -33.0% |
| Financial income | 75/76B | €5,353 | - | -€5,353 | |
| Recurring financial income | 75 | €5,353 | - | -€5,353 | |
| Financial charges | 65/66B | €3,450 | €166 | -€3,284 | -95.2% |
| Recurring financial charges | 65 | €3,450 | €166 | -€3,284 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | -€71,508 | -€97,779 | -€26,271 | -36.7% |
| Transfer from deferred taxes | 780 | €24,534 | €24,534 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€46,974 | -€73,244 | -€26,271 | -55.9% |
| Transfer from tax-exempt reserves | 789 | €45,276 | €45,276 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,698 | -€27,969 | -€26,271 | -1,547% |
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 23 October 2026 via checked.be.