DE BILDE: 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 BILDE
Largest movements
- Cash +€35,288
up €35,288 (+60.6%), from €58,278 to €93,566
mainly Depreciation (+€26,516) and Net result for the year (+€18,406)
- Tangible fixed assets -€26,516
down €26,516 (-17.0%), from €155,771 to €129,255
- Stocks and contracts -€12,776
down €12,776 (-5.8%), from €218,850 to €206,074
- Reserves +€18,406
up €18,406 (+5.8%), from €317,327 to €335,733
of which Distributable reserves: +€18,406
- Debts after one year -€16,632
down €16,632 (-38.9%), from €42,737 to €26,105
- Other debts -€5,271
down €5,271 (-16.8%), from €31,346 to €26,074
- Gross operating margin -€13,464
down €13,464 (-17.6%), from €76,542 to €63,078
- Taxes -€3,697
down €3,697 (-26.4%), from €13,996 to €10,300
- Financial charges -€1,064
down €1,064 (-21.0%), from €5,067 to €4,002
- Write-downs -€1,000
new in 2025: -€1,000
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 | €444,290 | €439,181 | -€5,110 | -1.2% |
| Fixed assets | 21/28 | €155,771 | €129,255 | -€26,516 | -17.0% |
| Tangible fixed assets | 22/27 | €155,771 | €129,255 | -€26,516 | -17.0% |
| Land and buildings | 22 | €95,090 | €84,524 | -€10,565 | -11.1% |
| Plant, machinery and equipment | 23 | €37,144 | €34,336 | -€2,808 | -7.6% |
| Furniture and vehicles | 24 | €18,468 | €6,118 | -€12,350 | -66.9% |
| Other tangible fixed assets | 26 | €5,069 | €4,276 | -€793 | -15.6% |
| Current assets | 29/58 | €288,519 | €309,926 | +€21,406 | +7.4% |
| Stocks and contracts in progress | 3 | €218,850 | €206,074 | -€12,776 | -5.8% |
| Stocks | 30/36 | €218,850 | €206,074 | -€12,776 | -5.8% |
| Amounts receivable within one year | 40/41 | €4,899 | €3,558 | -€1,341 | -27.4% |
| Trade receivables | 40 | €3,895 | €2,792 | -€1,103 | -28.3% |
| Other amounts receivable | 41 | €1,004 | €766 | -€238 | -23.7% |
| Cash at bank and in hand | 54/58 | €58,278 | €93,566 | +€35,288 | +60.6% |
| Deferred charges and accrued income | 490/1 | €6,492 | €6,728 | +€235 | +3.6% |
| Total equity and liabilities | 10/49 | €444,290 | €439,181 | -€5,110 | -1.2% |
| Equity | 10/15 | €342,327 | €360,733 | +€18,406 | +5.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €317,327 | €335,733 | +€18,406 | +5.8% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,600 | €2,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €665 | €665 | = | 0.0% |
| Distributable reserves | 133 | €314,062 | €332,469 | +€18,406 | +5.9% |
| Amounts payable | 17/49 | €101,964 | €78,448 | -€23,516 | -23.1% |
| Amounts payable after more than one year | 17 | €42,737 | €26,105 | -€16,632 | -38.9% |
| Financial debts | 170/4 | €42,737 | €26,105 | -€16,632 | -38.9% |
| Amounts payable within one year | 42/48 | €56,330 | €50,219 | -€6,111 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €20,389 | €17,055 | -€3,333 | -16.3% |
| Trade debts | 44 | €2,223 | €5,840 | +€3,617 | +162.7% |
| Suppliers | 440/4 | €2,223 | €5,840 | +€3,617 | +162.7% |
| Advances received on contracts in progress | 46 | €1,500 | €950 | -€550 | -36.7% |
| Taxes, remuneration and social security | 45 | €873 | €300 | -€573 | -65.7% |
| Taxes | 450/3 | €873 | €300 | -€573 | -65.7% |
| Other amounts payable | 47/48 | €31,346 | €26,074 | -€5,271 | -16.8% |
| Accrued charges and deferred income | 492/3 | €2,897 | €2,124 | -€773 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,757 | €26,516 | -€241 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,000 | -€1,000 | |
| Other operating charges | 640/8 | €4,697 | €4,854 | +€157 | +3.3% |
| Gross operating margin | 9900 | €76,542 | €63,078 | -€13,464 | -17.6% |
| Operating profit (loss) | 9901 | €45,087 | €32,708 | -€12,380 | -27.5% |
| Financial income | 75/76B | €1 | €1 | +€0 | +10.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +10.7% |
| Financial charges | 65/66B | €5,067 | €4,002 | -€1,064 | -21.0% |
| Recurring financial charges | 65 | €5,067 | €4,002 | -€1,064 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €40,021 | €28,706 | -€11,315 | -28.3% |
| Income taxes | 67/77 | €13,996 | €10,300 | -€3,697 | -26.4% |
| Profit (loss) for the period | 9904 | €26,025 | €18,406 | -€7,619 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,025 | €18,406 | -€7,619 | -29.3% |
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 8 October 2026 via checked.be.