DE BIE T.: 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 BIE T.
Largest movements
- Tangible fixed assets +€233,151
up €233,151 (+17.8%), from €1.3m to €1.5m
of which Other tangible fixed assets: +€229,928
- Cash -€79,805
down €79,805 (-32.7%), from €244,334 to €164,529
mainly Investment in fixed assets (net) (-€352,388) and Receivables within one year (-€69,381)
- Receivables within one year +€69,381
up €69,381 (+41.2%), from €168,554 to €237,935
of which Trade receivables: +€75,069
- Current investments +€61,862
up €61,862 (+48.9%), from €126,383 to €188,245
- Stocks and contracts +€32,059
up €32,059 (+12.4%), from €259,445 to €291,504
- Debts after one year +€142,345
up €142,345 (+12.6%), from €1.1m to €1.3m
of which Financial debts: +€142,345
- Reserves +€66,337
up €66,337 (+17.7%), from €374,721 to €441,058
- Trade debts +€52,954
up €52,954 (+38.8%), from €136,555 to €189,508
- Depreciation +€45,630
up €45,630 (+65.3%), from €69,921 to €115,552
- Taxes -€24,797
down €24,797 (-50.8%), from €48,823 to €24,026
- Financial charges +€15,832
up €15,832 (+34.4%), from €46,063 to €61,895
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 | €2,147,627 | €2,451,711 | +€304,084 | +14.2% |
| Fixed assets | 21/28 | €1,319,734 | €1,556,570 | +€236,836 | +17.9% |
| Intangible fixed assets | 21 | - | €3,686 | +€3,686 | |
| Tangible fixed assets | 22/27 | €1,308,696 | €1,541,847 | +€233,151 | +17.8% |
| Land and buildings | 22 | €1,005,873 | €956,971 | -€48,902 | -4.9% |
| Plant, machinery and equipment | 23 | €48,641 | €101,981 | +€53,339 | +110% |
| Furniture and vehicles | 24 | €15,542 | €14,327 | -€1,214 | -7.8% |
| Other tangible fixed assets | 26 | €238,641 | €468,568 | +€229,928 | +96.3% |
| Financial fixed assets | 28 | €11,038 | €11,038 | = | 0.0% |
| Current assets | 29/58 | €827,893 | €895,141 | +€67,247 | +8.1% |
| Stocks and contracts in progress | 3 | €259,445 | €291,504 | +€32,059 | +12.4% |
| Stocks | 30/36 | €259,445 | €291,504 | +€32,059 | +12.4% |
| Amounts receivable within one year | 40/41 | €168,554 | €237,935 | +€69,381 | +41.2% |
| Trade receivables | 40 | €138,921 | €213,991 | +€75,069 | +54.0% |
| Other amounts receivable | 41 | €29,632 | €23,944 | -€5,688 | -19.2% |
| Current investments | 50/53 | €126,383 | €188,245 | +€61,862 | +48.9% |
| Cash at bank and in hand | 54/58 | €244,334 | €164,529 | -€79,805 | -32.7% |
| Deferred charges and accrued income | 490/1 | €29,178 | €12,927 | -€16,251 | -55.7% |
| Total equity and liabilities | 10/49 | €2,147,627 | €2,451,711 | +€304,084 | +14.2% |
| Equity | 10/15 | €633,186 | €699,523 | +€66,337 | +10.5% |
| Contributions | 10/11 | €237,400 | €237,400 | = | 0.0% |
| Reserves | 13 | €374,721 | €441,058 | +€66,337 | +17.7% |
| Distributable reserves | 133 | €374,721 | €441,058 | +€66,337 | +17.7% |
| Profit (loss) carried forward | 14 | €21,065 | €21,065 | = | 0.0% |
| Amounts payable | 17/49 | €1,514,442 | €1,752,188 | +€237,746 | +15.7% |
| Amounts payable after more than one year | 17 | €1,127,643 | €1,269,988 | +€142,345 | +12.6% |
| Financial debts | 170/4 | €827,643 | €969,988 | +€142,345 | +17.2% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €372,850 | €462,421 | +€89,571 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €112,210 | €131,809 | +€19,599 | +17.5% |
| Trade debts | 44 | €136,555 | €189,508 | +€52,954 | +38.8% |
| Suppliers | 440/4 | €136,555 | €189,508 | +€52,954 | +38.8% |
| Advances received on contracts in progress | 46 | €627 | - | -€627 | |
| Taxes, remuneration and social security | 45 | €34,374 | €37,180 | +€2,806 | +8.2% |
| Taxes | 450/3 | €10,024 | €7,364 | -€2,660 | -26.5% |
| Remuneration and social security | 454/9 | €24,350 | €29,816 | +€5,466 | +22.4% |
| Other amounts payable | 47/48 | €89,084 | €103,923 | +€14,840 | +16.7% |
| Accrued charges and deferred income | 492/3 | €13,949 | €19,779 | +€5,830 | +41.8% |
| Remuneration, social security and pensions | 62 | €193,309 | €197,781 | +€4,472 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,921 | €115,552 | +€45,630 | +65.3% |
| Other operating charges | 640/8 | €17,721 | €16,701 | -€1,020 | -5.8% |
| Gross operating margin | 9900 | €473,941 | €477,359 | +€3,418 | +0.7% |
| Operating profit (loss) | 9901 | €192,990 | €147,326 | -€45,664 | -23.7% |
| Financial income | 75/76B | €3,643 | €6,612 | +€2,970 | +81.5% |
| Recurring financial income | 75 | €3,643 | €6,612 | +€2,970 | +81.5% |
| Financial charges | 65/66B | €46,063 | €61,895 | +€15,832 | +34.4% |
| Recurring financial charges | 65 | €46,063 | €61,895 | +€15,832 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €150,570 | €92,043 | -€58,526 | -38.9% |
| Income taxes | 67/77 | €48,823 | €24,026 | -€24,797 | -50.8% |
| Profit (loss) for the period | 9904 | €101,747 | €68,017 | -€33,729 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,747 | €68,017 | -€33,729 | -33.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.