DE BEURS: 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 BEURS
Largest movements
- Tangible fixed assets -€32,877
down €32,877 (-2.8%), from €1.2m to €1.1m
of which Land and buildings: -€26,007
- Current portion of long-term debt -€39,188
down €39,188 (-46.5%), from €84,239 to €45,050
- Other debts +€34,697
up €34,697 (+5.6%), from €614,472 to €649,170
- Debts after one year -€24,712
down €24,712 (-6.6%), from €372,351 to €347,639
- Financial charges +€3,028
up €3,028 (+32.3%), from €9,377 to €12,406
- Depreciation -€2,537
down €2,537 (-7.2%), from €35,413 to €32,877
- Other operating charges +€1,684
up €1,684 (+29.4%), from €5,729 to €7,413
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 | €1,276,332 | €1,243,455 | -€32,877 | -2.6% |
| Fixed assets | 21/28 | €1,217,633 | €1,184,756 | -€32,877 | -2.7% |
| Tangible fixed assets | 22/27 | €1,171,548 | €1,138,672 | -€32,877 | -2.8% |
| Land and buildings | 22 | €1,079,891 | €1,053,884 | -€26,007 | -2.4% |
| Plant, machinery and equipment | 23 | €16,930 | €11,853 | -€5,077 | -30.0% |
| Other tangible fixed assets | 26 | €74,727 | €72,935 | -€1,793 | -2.4% |
| Financial fixed assets | 28 | €46,085 | €46,085 | = | 0.0% |
| Current assets | 29/58 | €58,699 | €58,699 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,430 | €56,430 | = | 0.0% |
| Other amounts receivable | 41 | €56,430 | €56,430 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,269 | €2,269 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,276,332 | €1,243,455 | -€32,877 | -2.6% |
| Equity | 10/15 | €89,440 | €89,990 | +€550 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,980 | €69,530 | +€550 | +0.8% |
| Amounts payable | 17/49 | €1,186,892 | €1,153,465 | -€33,427 | -2.8% |
| Amounts payable after more than one year | 17 | €372,351 | €347,639 | -€24,712 | -6.6% |
| Financial debts | 170/4 | €372,351 | €347,639 | -€24,712 | -6.6% |
| Amounts payable within one year | 42/48 | €814,541 | €805,826 | -€8,715 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €84,239 | €45,050 | -€39,188 | -46.5% |
| Financial debts | 43 | €33,200 | €33,731 | +€531 | +1.6% |
| Credit institutions | 430/8 | €33,200 | €33,731 | +€531 | +1.6% |
| Trade debts | 44 | €70,237 | €66,536 | -€3,701 | -5.3% |
| Suppliers | 440/4 | €70,237 | €66,536 | -€3,701 | -5.3% |
| Taxes, remuneration and social security | 45 | €12,393 | €11,339 | -€1,054 | -8.5% |
| Taxes | 450/3 | €12,393 | €11,339 | -€1,054 | -8.5% |
| Other amounts payable | 47/48 | €614,472 | €649,170 | +€34,697 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,413 | €32,877 | -€2,537 | -7.2% |
| Other operating charges | 640/8 | €5,729 | €7,413 | +€1,684 | +29.4% |
| Gross operating margin | 9900 | €54,130 | €54,241 | +€111 | +0.2% |
| Operating profit (loss) | 9901 | €12,988 | €13,951 | +€963 | +7.4% |
| Financial income | 75/76B | €101 | €16 | -€85 | -83.9% |
| Recurring financial income | 75 | €101 | €16 | -€85 | -83.9% |
| Financial charges | 65/66B | €9,377 | €12,406 | +€3,028 | +32.3% |
| Recurring financial charges | 65 | €9,377 | €12,406 | +€3,028 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €3,712 | €1,562 | -€2,150 | -57.9% |
| Income taxes | 67/77 | €1,427 | €1,011 | -€416 | -29.1% |
| Profit (loss) for the period | 9904 | €2,285 | €550 | -€1,734 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,285 | €550 | -€1,734 | -75.9% |
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 14 October 2026 via checked.be.