DE BLEUK: 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 BLEUK
Largest movements
- Tangible fixed assets -€89,722
down €89,722 (-19.3%), from €465,082 to €375,361
of which Other tangible fixed assets: -€65,182
- Receivables within one year +€51,877
up €51,877 (+4.0%), from €1.3m to €1.3m
- Cash +€34,473
up €34,473 (+9.8%), from €350,463 to €384,936
mainly Net result for the year (+€189,564) and Provisions (+€148,425)
- Trade debts -€205,687
down €205,687 (-64.4%), from €319,365 to €113,678
- Reserves +€189,564
up €189,564 (+40.1%), from €472,436 to €662,000
- Tax, wage and social debts -€164,371
down €164,371 (-33.6%), from €489,694 to €325,323
of which Remuneration and social security: -€164,261
- Provisions +€148,425
new in 2025: €148,425
- Other debts +€34,815
up €34,815 (+5.8%), from €602,737 to €637,552
- Staff costs -€336,826
down €336,826 (-8.5%), from €3.9m to €3.6m
- Provisions +€148,425
new in 2025: €148,425
- Taxes +€65,700
up €65,700 (+4,065%), from €1,616 to €67,316
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 | €2,104,232 | €2,106,979 | +€2,747 | +0.1% |
| Fixed assets | 21/28 | €465,832 | €376,111 | -€89,722 | -19.3% |
| Tangible fixed assets | 22/27 | €465,082 | €375,361 | -€89,722 | -19.3% |
| Plant, machinery and equipment | 23 | €31,217 | €29,500 | -€1,717 | -5.5% |
| Furniture and vehicles | 24 | €101,360 | €78,538 | -€22,823 | -22.5% |
| Other tangible fixed assets | 26 | €332,505 | €267,323 | -€65,182 | -19.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,638,400 | €1,730,868 | +€92,469 | +5.6% |
| Amounts receivable within one year | 40/41 | €1,283,463 | €1,335,340 | +€51,877 | +4.0% |
| Other amounts receivable | 41 | €1,283,463 | €1,335,340 | +€51,877 | +4.0% |
| Cash at bank and in hand | 54/58 | €350,463 | €384,936 | +€34,473 | +9.8% |
| Deferred charges and accrued income | 490/1 | €4,473 | €10,592 | +€6,119 | +137% |
| Total equity and liabilities | 10/49 | €2,104,232 | €2,106,979 | +€2,747 | +0.1% |
| Equity | 10/15 | €692,436 | €882,000 | +€189,564 | +27.4% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €472,436 | €662,000 | +€189,564 | +40.1% |
| Distributable reserves | 133 | €472,436 | €662,000 | +€189,564 | +40.1% |
| Provisions and deferred taxes | 16 | - | €148,425 | +€148,425 | |
| Provisions for liabilities and charges | 160/5 | - | €148,425 | +€148,425 | |
| Environmental obligations | 163 | - | €148,425 | +€148,425 | |
| Amounts payable | 17/49 | €1,411,796 | €1,076,553 | -€335,243 | -23.7% |
| Amounts payable within one year | 42/48 | €1,411,796 | €1,076,553 | -€335,243 | -23.7% |
| Trade debts | 44 | €319,365 | €113,678 | -€205,687 | -64.4% |
| Suppliers | 440/4 | €319,365 | €113,678 | -€205,687 | -64.4% |
| Taxes, remuneration and social security | 45 | €489,694 | €325,323 | -€164,371 | -33.6% |
| Taxes | 450/3 | €6,251 | €6,141 | -€110 | -1.8% |
| Remuneration and social security | 454/9 | €483,443 | €319,183 | -€164,261 | -34.0% |
| Other amounts payable | 47/48 | €602,737 | €637,552 | +€34,815 | +5.8% |
| Remuneration, social security and pensions | 62 | €3,945,513 | €3,608,687 | -€336,826 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,481 | €121,674 | -€11,808 | -8.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €148,425 | +€148,425 | |
| Other operating charges | 640/8 | €2,512 | €6,348 | +€3,836 | +153% |
| Gross operating margin | 9900 | €4,155,808 | €4,164,355 | +€8,547 | +0.2% |
| Operating profit (loss) | 9901 | €74,302 | €279,221 | +€204,919 | +276% |
| Financial income | 75/76B | €304 | €333 | +€28 | +9.3% |
| Recurring financial income | 75 | €304 | €333 | +€28 | +9.3% |
| Financial charges | 65/66B | €46,815 | €22,673 | -€24,142 | -51.6% |
| Recurring financial charges | 65 | €23,155 | €22,482 | -€673 | -2.9% |
| Non-recurring financial charges | 66B | €23,660 | €191 | -€23,468 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €27,792 | €256,881 | +€229,089 | +824% |
| Income taxes | 67/77 | €1,616 | €67,316 | +€65,700 | +4,065% |
| Profit (loss) for the period | 9904 | €26,175 | €189,564 | +€163,389 | +624% |
| Profit (loss) for the period to be appropriated | 9905 | €26,175 | €189,564 | +€163,389 | +624% |
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 13 October 2026 via checked.be.