De Beurs: 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 Beurs
Largest movements
- Tangible fixed assets -€36,558
down €36,558 (-4.3%), from €858,861 to €822,303
of which Land and buildings: -€35,348
- Cash +€11,433
up €11,433 (+117.9%), from €9,700 to €21,132
mainly Depreciation (+€36,558) and Other debts (+€18,603)
- Receivables within one year -€10,368
down €10,368 (-100.0%), from €10,368 to €0
of which Other amounts receivable: -€10,368
- Debts after one year -€35,882
down €35,882 (-5.7%), from €634,032 to €598,149
- Profit (loss) carried forward -€23,603
down €23,603 (-46.9%), from -€50,361 to -€73,964
- Other debts +€18,603
up €18,603 (+23.8%), from €78,302 to €96,905
- Gross operating margin +€41,376
up €41,376 (+1522.1%), from €2,718 to €44,094
- Financial charges +€12,225
up €12,225 (+85.3%), from €14,325 to €26,550
- Depreciation +€6,890
up €6,890 (+23.2%), from €29,668 to €36,558
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 | €878,928 | €847,066 | -€31,862 | -3.6% |
| Fixed assets | 21/28 | €858,861 | €822,303 | -€36,558 | -4.3% |
| Tangible fixed assets | 22/27 | €858,861 | €822,303 | -€36,558 | -4.3% |
| Land and buildings | 22 | €854,667 | €819,319 | -€35,348 | -4.1% |
| Plant, machinery and equipment | 23 | €4,194 | €2,984 | -€1,210 | -28.9% |
| Current assets | 29/58 | €20,067 | €24,763 | +€4,696 | +23.4% |
| Amounts receivable within one year | 40/41 | €10,368 | €0 | -€10,368 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,368 | €0 | -€10,368 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,700 | €21,132 | +€11,433 | +117.9% |
| Deferred charges and accrued income | 490/1 | - | €3,631 | +€3,631 | |
| Total equity and liabilities | 10/49 | €878,928 | €847,066 | -€31,862 | -3.6% |
| Equity | 10/15 | €126,097 | €102,494 | -€23,603 | -18.7% |
| Contributions | 10/11 | €159,093 | €159,093 | = | 0.0% |
| Capital | 10 | €159,093 | €159,093 | = | 0.0% |
| Issued capital | 100 | €159,093 | €159,093 | = | 0.0% |
| Reserves | 13 | €17,365 | €17,365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,251 | €8,251 | = | 0.0% |
| Legal reserve | 130 | €8,251 | €8,251 | = | 0.0% |
| Distributable reserves | 133 | €9,114 | €9,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,361 | -€73,964 | -€23,603 | -46.9% |
| Amounts payable | 17/49 | €752,831 | €744,572 | -€8,259 | -1.1% |
| Amounts payable after more than one year | 17 | €634,032 | €598,149 | -€35,882 | -5.7% |
| Financial debts | 170/4 | €634,032 | €598,149 | -€35,882 | -5.7% |
| Amounts payable within one year | 42/48 | €114,984 | €143,252 | +€28,268 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €35,968 | €38,806 | +€2,838 | +7.9% |
| Trade debts | 44 | €714 | €365 | -€349 | -48.8% |
| Suppliers | 440/4 | €714 | €365 | -€349 | -48.8% |
| Advances received on contracts in progress | 46 | - | €5,687 | +€5,687 | |
| Taxes, remuneration and social security | 45 | - | €1,489 | +€1,489 | |
| Taxes | 450/3 | - | €1,489 | +€1,489 | |
| Other amounts payable | 47/48 | €78,302 | €96,905 | +€18,603 | +23.8% |
| Accrued charges and deferred income | 492/3 | €3,815 | €3,170 | -€645 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,668 | €36,558 | +€6,890 | +23.2% |
| Other operating charges | 640/8 | €4,944 | €4,589 | -€355 | -7.2% |
| Gross operating margin | 9900 | €2,718 | €44,094 | +€41,376 | +1522.1% |
| Operating profit (loss) | 9901 | -€31,893 | €2,948 | +€34,841 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,325 | €26,550 | +€12,225 | +85.3% |
| Recurring financial charges | 65 | €14,325 | €26,550 | +€12,225 | +85.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,218 | -€23,603 | +€22,616 | +48.9% |
| Profit (loss) for the period | 9904 | -€46,218 | -€23,603 | +€22,616 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,218 | -€23,603 | +€22,616 | +48.9% |
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 1 October 2026 via checked.be.