DE BIE PROJECTS: 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 BIE PROJECTS
Largest movements
- Cash -€106,935
down €106,935 (-91.8%), from €116,479 to €9,545
mainly Stocks and contracts (-€87,318) and Investment in fixed assets (net) (-€71,037)
- Stocks and contracts +€87,318
up €87,318, from €0 to €87,318
- Tangible fixed assets +€46,135
up €46,135 (+115.3%), from €40,027 to €86,162
of which Plant, machinery and equipment: +€56,791
- Receivables within one year -€35,138
down €35,138 (-91.3%), from €38,500 to €3,361
of which Other amounts receivable: -€23,810
- Reserves -€26,889
down €26,889 (-18.9%), from €142,149 to €115,260
- Current portion of long-term debt +€10,069
up €10,069 (+98.1%), from €10,268 to €20,337
- Debts after one year +€8,496
up €8,496 (+76.5%), from €11,110 to €19,606
- Tax, wage and social debts -€2,348
down €2,348 (-73.0%), from €3,215 to €867
of which Remuneration and social security: -€1,200
- Gross operating margin -€145,602
down €145,602, from €144,513 to -€1,088
- Taxes -€28,676
down €28,676 (-100.0%), from €28,676 to €0
- Depreciation +€8,486
up €8,486 (+51.7%), from €16,416 to €24,902
- Financial charges -€6,859
down €6,859 (-70.5%), from €9,733 to €2,874
- Financial income +€2,190
up €2,190 (+547.3%), from €400 to €2,590
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 | €196,444 | €187,625 | -€8,818 | -4.5% |
| Fixed assets | 21/28 | €40,027 | €86,162 | +€46,135 | +115.3% |
| Tangible fixed assets | 22/27 | €40,027 | €86,162 | +€46,135 | +115.3% |
| Plant, machinery and equipment | 23 | €17,436 | €74,227 | +€56,791 | +325.7% |
| Furniture and vehicles | 24 | €1,983 | €1,745 | -€237 | -12.0% |
| Leasing and similar rights | 25 | €20,608 | €10,190 | -€10,418 | -50.6% |
| Current assets | 29/58 | €156,416 | €101,463 | -€54,953 | -35.1% |
| Stocks and contracts in progress | 3 | €0 | €87,318 | +€87,318 | |
| Stocks | 30/36 | €0 | €87,318 | +€87,318 | |
| Amounts receivable within one year | 40/41 | €38,500 | €3,361 | -€35,138 | -91.3% |
| Trade receivables | 40 | €11,329 | €0 | -€11,329 | -100.0% |
| Other amounts receivable | 41 | €27,171 | €3,361 | -€23,810 | -87.6% |
| Cash at bank and in hand | 54/58 | €116,479 | €9,545 | -€106,935 | -91.8% |
| Deferred charges and accrued income | 490/1 | €1,438 | €1,239 | -€198 | -13.8% |
| Total equity and liabilities | 10/49 | €196,444 | €187,625 | -€8,818 | -4.5% |
| Equity | 10/15 | €147,149 | €120,260 | -€26,889 | -18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,149 | €115,260 | -€26,889 | -18.9% |
| Distributable reserves | 133 | €142,149 | €115,260 | -€26,889 | -18.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,295 | €67,366 | +€18,071 | +36.7% |
| Amounts payable after more than one year | 17 | €11,110 | €19,606 | +€8,496 | +76.5% |
| Financial debts | 170/4 | €11,110 | €19,606 | +€8,496 | +76.5% |
| Amounts payable within one year | 42/48 | €38,185 | €47,759 | +€9,575 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €10,268 | €20,337 | +€10,069 | +98.1% |
| Trade debts | 44 | €243 | €1,112 | +€870 | +358.5% |
| Suppliers | 440/4 | €243 | €1,112 | +€870 | +358.5% |
| Taxes, remuneration and social security | 45 | €3,215 | €867 | -€2,348 | -73.0% |
| Taxes | 450/3 | €2,015 | €867 | -€1,148 | -57.0% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100.0% |
| Other amounts payable | 47/48 | €24,459 | €25,443 | +€984 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,416 | €24,902 | +€8,486 | +51.7% |
| Other operating charges | 640/8 | €939 | €614 | -€325 | -34.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €144,513 | -€1,088 | -€145,602 | |
| Operating profit (loss) | 9901 | €127,158 | -€26,605 | -€153,763 | |
| Financial income | 75/76B | €400 | €2,590 | +€2,190 | +547.3% |
| Recurring financial income | 75 | €400 | €2,590 | +€2,190 | +547.3% |
| Financial charges | 65/66B | €9,733 | €2,874 | -€6,859 | -70.5% |
| Recurring financial charges | 65 | €9,733 | €2,874 | -€6,859 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €117,825 | -€26,889 | -€144,714 | |
| Income taxes | 67/77 | €28,676 | €0 | -€28,676 | -100.0% |
| Profit (loss) for the period | 9904 | €89,149 | -€26,889 | -€116,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,149 | -€26,889 | -€116,038 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.