DE BEULE TECHNICS: 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 BEULE TECHNICS
Largest movements
- Cash -€214,159
down €214,159 (-54.4%), from €393,658 to €179,499
mainly Receivables within one year (-€207,403) and Trade debts (-€52,979)
- Receivables within one year +€207,403
up €207,403 (+47.9%), from €433,188 to €640,590
of which Trade receivables: +€245,974
- Stocks and contracts -€81,545
down €81,545 (-29.3%), from €278,656 to €197,111
of which Contracts in progress: -€121,680
- Tangible fixed assets -€45,325
down €45,325 (-29.4%), from €154,080 to €108,755
- Trade debts -€52,979
down €52,979 (-11.0%), from €480,521 to €427,542
- Tax, wage and social debts -€42,828
down €42,828 (-24.5%), from €174,990 to €132,162
of which Taxes: -€42,477
- Advances received -€37,666
down €37,666 (-50.4%), from €74,716 to €37,050
- Reserves +€36,552
up €36,552 (+9.8%), from €372,344 to €408,896
- Debts after one year -€20,073
down €20,073 (-43.3%), from €46,345 to €26,272
- Gross operating margin -€115,191
down €115,191 (-11.9%), from €971,842 to €856,651
- Write-downs -€82,206
down €82,206, from €0 to -€82,206
- Other operating charges +€81,959
up €81,959 (+2,271%), from €3,608 to €85,568
- Staff costs -€65,994
down €65,994 (-8.2%), from €807,309 to €741,315
- Taxes -€10,032
down €10,032 (-29.4%), from €34,094 to €24,062
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 | €1,292,261 | €1,169,394 | -€122,867 | -9.5% |
| Fixed assets | 21/28 | €166,767 | €122,659 | -€44,108 | -26.4% |
| Intangible fixed assets | 21 | €179 | €1,396 | +€1,216 | +678% |
| Tangible fixed assets | 22/27 | €154,080 | €108,755 | -€45,325 | -29.4% |
| Plant, machinery and equipment | 23 | €49,447 | €32,661 | -€16,786 | -33.9% |
| Furniture and vehicles | 24 | €54,986 | €41,697 | -€13,289 | -24.2% |
| Leasing and similar rights | 25 | €49,646 | €34,396 | -€15,250 | -30.7% |
| Financial fixed assets | 28 | €12,508 | €12,508 | = | 0.0% |
| Current assets | 29/58 | €1,125,494 | €1,046,735 | -€78,758 | -7.0% |
| Stocks and contracts in progress | 3 | €278,656 | €197,111 | -€81,545 | -29.3% |
| Stocks | 30/36 | €126,343 | €166,478 | +€40,136 | +31.8% |
| Contracts in progress | 37 | €152,314 | €30,633 | -€121,680 | -79.9% |
| Amounts receivable within one year | 40/41 | €433,188 | €640,590 | +€207,403 | +47.9% |
| Trade receivables | 40 | €390,687 | €636,661 | +€245,974 | +63.0% |
| Other amounts receivable | 41 | €42,500 | €3,929 | -€38,571 | -90.8% |
| Cash at bank and in hand | 54/58 | €393,658 | €179,499 | -€214,159 | -54.4% |
| Deferred charges and accrued income | 490/1 | €19,992 | €29,534 | +€9,543 | +47.7% |
| Total equity and liabilities | 10/49 | €1,292,261 | €1,169,394 | -€122,867 | -9.5% |
| Equity | 10/15 | €390,944 | €427,496 | +€36,552 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €372,344 | €408,896 | +€36,552 | +9.8% |
| Distributable reserves | 133 | €372,344 | €408,896 | +€36,552 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €901,316 | €741,898 | -€159,419 | -17.7% |
| Amounts payable after more than one year | 17 | €46,345 | €26,272 | -€20,073 | -43.3% |
| Financial debts | 170/4 | €46,345 | €26,272 | -€20,073 | -43.3% |
| Amounts payable within one year | 42/48 | €854,526 | €711,695 | -€142,831 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €29,504 | €18,863 | -€10,641 | -36.1% |
| Financial debts | 43 | €2,045 | €2,036 | -€8 | -0.4% |
| Credit institutions | 430/8 | €2,045 | €2,036 | -€8 | -0.4% |
| Trade debts | 44 | €480,521 | €427,542 | -€52,979 | -11.0% |
| Suppliers | 440/4 | €480,521 | €427,542 | -€52,979 | -11.0% |
| Advances received on contracts in progress | 46 | €74,716 | €37,050 | -€37,666 | -50.4% |
| Taxes, remuneration and social security | 45 | €174,990 | €132,162 | -€42,828 | -24.5% |
| Taxes | 450/3 | €72,532 | €30,055 | -€42,477 | -58.6% |
| Remuneration and social security | 454/9 | €102,457 | €102,106 | -€351 | -0.3% |
| Other amounts payable | 47/48 | €92,751 | €94,042 | +€1,291 | +1.4% |
| Accrued charges and deferred income | 492/3 | €445 | €3,931 | +€3,486 | +784% |
| Remuneration, social security and pensions | 62 | €807,309 | €741,315 | -€65,994 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,232 | €45,786 | +€7,554 | +19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€82,206 | -€82,206 | |
| Other operating charges | 640/8 | €3,608 | €85,568 | +€81,959 | +2,271% |
| Gross operating margin | 9900 | €971,842 | €856,651 | -€115,191 | -11.9% |
| Operating profit (loss) | 9901 | €122,692 | €66,188 | -€56,504 | -46.1% |
| Financial income | 75/76B | €3,433 | €1,632 | -€1,801 | -52.5% |
| Recurring financial income | 75 | €3,433 | €1,632 | -€1,801 | -52.5% |
| Financial charges | 65/66B | €8,531 | €7,206 | -€1,325 | -15.5% |
| Recurring financial charges | 65 | €8,531 | €7,206 | -€1,325 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €117,594 | €60,614 | -€56,981 | -48.5% |
| Income taxes | 67/77 | €34,094 | €24,062 | -€10,032 | -29.4% |
| Profit (loss) for the period | 9904 | €83,500 | €36,552 | -€46,949 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,500 | €36,552 | -€46,949 | -56.2% |
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 13 October 2026 via checked.be.