DE BAYAR: what changed
Two fiscal 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 BAYAR
Largest movements
- Receivables within one year +€10,270
up €10,270 (+89.2%), from €11,509 to €21,778
of which Trade receivables: +€11,419
- Tangible fixed assets -€5,620
down €5,620 (-20.0%), from €28,100 to €22,480
- Cash +€3,551
new in 2025: €3,551
mainly Tax, wage and social debts (+€11,184) and Other debts (+€8,282)
- Deferred charges and accrued income -€800
no longer reported in 2025 (was €800)
- Trade debts -€12,761
down €12,761 (-37.8%), from €33,723 to €20,962
- Tax, wage and social debts +€11,184
new in 2025: €11,184
- Other debts +€8,282
up €8,282 (+63.8%), from €12,983 to €21,265
- Profit (loss) carried forward +€695
up €695 (+8.4%), from -€8,297 to -€7,602
- Gross operating margin +€14,886
up €14,886, from -€7,867 to €7,019
- Depreciation +€5,620
new in 2025: €5,620
- Other operating charges +€274
up €274 (+63.8%), from €430 to €704
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 | €40,409 | €47,809 | +€7,400 | +18.3% |
| Fixed assets | 21/28 | €28,100 | €22,480 | -€5,620 | -20.0% |
| Tangible fixed assets | 22/27 | €28,100 | €22,480 | -€5,620 | -20.0% |
| Furniture and vehicles | 24 | €28,100 | €22,480 | -€5,620 | -20.0% |
| Current assets | 29/58 | €12,309 | €25,329 | +€13,020 | +105.8% |
| Amounts receivable within one year | 40/41 | €11,509 | €21,778 | +€10,270 | +89.2% |
| Trade receivables | 40 | €10,360 | €21,778 | +€11,419 | +110.2% |
| Other amounts receivable | 41 | €1,149 | - | -€1,149 | |
| Cash at bank and in hand | 54/58 | - | €3,551 | +€3,551 | |
| Deferred charges and accrued income | 490/1 | €800 | - | -€800 | |
| Total equity and liabilities | 10/49 | €40,409 | €47,809 | +€7,400 | +18.3% |
| Equity | 10/15 | -€6,297 | -€5,602 | +€695 | +11.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,297 | -€7,602 | +€695 | +8.4% |
| Amounts payable | 17/49 | €46,706 | €53,411 | +€6,705 | +14.4% |
| Amounts payable within one year | 42/48 | €46,706 | €53,411 | +€6,705 | +14.4% |
| Trade debts | 44 | €33,723 | €20,962 | -€12,761 | -37.8% |
| Suppliers | 440/4 | €33,723 | €20,962 | -€12,761 | -37.8% |
| Taxes, remuneration and social security | 45 | - | €11,184 | +€11,184 | |
| Taxes | 450/3 | - | €11,184 | +€11,184 | |
| Other amounts payable | 47/48 | €12,983 | €21,265 | +€8,282 | +63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,620 | +€5,620 | |
| Other operating charges | 640/8 | €430 | €704 | +€274 | +63.8% |
| Gross operating margin | 9900 | -€7,867 | €7,019 | +€14,886 | |
| Operating profit (loss) | 9901 | -€8,297 | €695 | +€8,991 | |
| Profit (loss) for the period before taxes | 9903 | -€8,297 | €695 | +€8,991 | |
| Profit (loss) for the period | 9904 | -€8,297 | €695 | +€8,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,297 | €695 | +€8,991 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.