DE BLEKKAERT: 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 BLEKKAERT
Largest movements
- Cash +€4,402
up €4,402 (+39.9%), from €11,042 to €15,444
mainly Net result for the year (+€2,108) and Depreciation (+€1,229)
- Reserves +€2,108
up €2,108 (+4.7%), from €44,431 to €46,540
of which Distributable reserves: +€2,108
- Gross operating margin +€1,836
up €1,836 (+29.5%), from €6,213 to €8,049
- Taxes +€581
up €581 (+125.1%), from €464 to €1,045
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 | €168,074 | €171,251 | +€3,177 | +1.9% |
| Fixed assets | 21/28 | €156,447 | €155,218 | -€1,229 | -0.8% |
| Tangible fixed assets | 22/27 | €156,447 | €155,218 | -€1,229 | -0.8% |
| Land and buildings | 22 | €151,533 | €151,533 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,914 | €3,686 | -€1,229 | -25.0% |
| Current assets | 29/58 | €11,627 | €16,033 | +€4,406 | +37.9% |
| Cash at bank and in hand | 54/58 | €11,042 | €15,444 | +€4,402 | +39.9% |
| Deferred charges and accrued income | 490/1 | €585 | €589 | +€4 | +0.7% |
| Total equity and liabilities | 10/49 | €168,074 | €171,251 | +€3,177 | +1.9% |
| Equity | 10/15 | €167,489 | €169,598 | +€2,108 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,431 | €46,540 | +€2,108 | +4.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €38,231 | €40,340 | +€2,108 | +5.5% |
| Profit (loss) carried forward | 14 | €61,058 | €61,058 | = | 0.0% |
| Amounts payable | 17/49 | €585 | €1,654 | +€1,069 | +182.7% |
| Amounts payable within one year | 42/48 | €585 | €1,654 | +€1,069 | +182.7% |
| Trade debts | 44 | €121 | €609 | +€488 | +403.5% |
| Suppliers | 440/4 | €121 | €609 | +€488 | +403.5% |
| Taxes, remuneration and social security | 45 | €464 | €1,045 | +€581 | +125.1% |
| Taxes | 450/3 | €464 | €1,045 | +€581 | +125.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,229 | €1,229 | = | 0.0% |
| Other operating charges | 640/8 | €3,311 | €3,344 | +€33 | +1.0% |
| Gross operating margin | 9900 | €6,213 | €8,049 | +€1,836 | +29.5% |
| Operating profit (loss) | 9901 | €1,673 | €3,476 | +€1,803 | +107.7% |
| Financial charges | 65/66B | €303 | €323 | +€20 | +6.6% |
| Recurring financial charges | 65 | €303 | €323 | +€20 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €1,370 | €3,153 | +€1,783 | +130.1% |
| Income taxes | 67/77 | €464 | €1,045 | +€581 | +125.1% |
| Profit (loss) for the period | 9904 | €906 | €2,108 | +€1,202 | +132.7% |
| Profit (loss) for the period to be appropriated | 9905 | €906 | €2,108 | +€1,202 | +132.7% |
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 7 October 2026 via checked.be.