DE BLOCK: 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 BLOCK
Largest movements
- Receivables within one year +€155,716
up €155,716 (+4.9%), from €3.2m to €3.3m
of which Trade receivables: +€101,981
- Tangible fixed assets -€70,215
down €70,215 (-12.3%), from €572,523 to €502,308
- Deferred charges and accrued income +€70,155
up €70,155 (+27.5%), from €255,083 to €325,238
- Cash +€67,273
up €67,273 (+354.3%), from €18,988 to €86,260
mainly Current portion of long-term debt (+€300,320) and Depreciation (+€73,640)
- Current portion of long-term debt +€300,320
up €300,320 (+138.0%), from €217,625 to €517,944
- Short-term financial debts -€97,125
down €97,125 (-100.0%), from €97,125 to €0
- Tax, wage and social debts -€73,979
down €73,979 (-15.5%), from €478,324 to €404,345
of which Taxes: -€49,224
- Trade debts +€55,697
up €55,697 (+4.8%), from €1.2m to €1.2m
- Staff costs -€76,169
down €76,169 (-2.9%), from €2.6m to €2.5m
- Depreciation -€36,350
down €36,350 (-33.0%), from €109,990 to €73,640
- Gross operating margin -€31,210
down €31,210 (-1.1%), from €2.9m to €2.8m
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 | €4,237,472 | €4,460,331 | +€222,859 | +5.3% |
| Fixed assets | 21/28 | €574,419 | €504,134 | -€70,285 | -12.2% |
| Tangible fixed assets | 22/27 | €572,523 | €502,308 | -€70,215 | -12.3% |
| Land and buildings | 22 | €484,842 | €470,388 | -€14,454 | -3.0% |
| Plant, machinery and equipment | 23 | €51,991 | €17,992 | -€34,000 | -65.4% |
| Furniture and vehicles | 24 | €35,689 | €13,928 | -€21,761 | -61.0% |
| Financial fixed assets | 28 | €1,896 | €1,827 | -€69 | -3.7% |
| Current assets | 29/58 | €3,663,053 | €3,956,197 | +€293,144 | +8.0% |
| Amounts receivable after more than one year | 29 | €205,000 | €205,000 | = | 0.0% |
| Other amounts receivable | 291 | €205,000 | €205,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,183,983 | €3,339,699 | +€155,716 | +4.9% |
| Trade receivables | 40 | €2,387,974 | €2,489,956 | +€101,981 | +4.3% |
| Other amounts receivable | 41 | €796,008 | €849,743 | +€53,734 | +6.8% |
| Cash at bank and in hand | 54/58 | €18,988 | €86,260 | +€67,273 | +354.3% |
| Deferred charges and accrued income | 490/1 | €255,083 | €325,238 | +€70,155 | +27.5% |
| Total equity and liabilities | 10/49 | €4,237,472 | €4,460,331 | +€222,859 | +5.3% |
| Equity | 10/15 | €1,839,246 | €1,877,496 | +€38,250 | +2.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,739,246 | €1,777,496 | +€38,250 | +2.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,312,817 | €1,312,817 | = | 0.0% |
| Distributable reserves | 133 | €416,429 | €454,679 | +€38,250 | +9.2% |
| Amounts payable | 17/49 | €2,398,226 | €2,582,835 | +€184,609 | +7.7% |
| Amounts payable within one year | 42/48 | €2,367,864 | €2,545,305 | +€177,440 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €217,625 | €517,944 | +€300,320 | +138.0% |
| Financial debts | 43 | €97,125 | €0 | -€97,125 | -100.0% |
| Credit institutions | 430/8 | €97,125 | €0 | -€97,125 | -100.0% |
| Trade debts | 44 | €1,166,388 | €1,222,085 | +€55,697 | +4.8% |
| Suppliers | 440/4 | €1,166,388 | €1,222,085 | +€55,697 | +4.8% |
| Taxes, remuneration and social security | 45 | €478,324 | €404,345 | -€73,979 | -15.5% |
| Taxes | 450/3 | €150,916 | €101,692 | -€49,224 | -32.6% |
| Remuneration and social security | 454/9 | €327,408 | €302,653 | -€24,755 | -7.6% |
| Other amounts payable | 47/48 | €408,403 | €400,930 | -€7,472 | -1.8% |
| Accrued charges and deferred income | 492/3 | €30,362 | €37,531 | +€7,169 | +23.6% |
| Non-recurring operating income | 76A | €36,749 | €0 | -€36,749 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,587,490 | €2,511,321 | -€76,169 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,990 | €73,640 | -€36,350 | -33.0% |
| Other operating charges | 640/8 | €119,188 | €111,977 | -€7,211 | -6.0% |
| Gross operating margin | 9900 | €2,863,237 | €2,832,027 | -€31,210 | -1.1% |
| Operating profit (loss) | 9901 | €46,569 | €135,089 | +€88,520 | +190.1% |
| Financial income | 75/76B | €39,454 | €15,439 | -€24,014 | -60.9% |
| Recurring financial income | 75 | €39,454 | €15,439 | -€24,014 | -60.9% |
| Financial charges | 65/66B | €48,932 | €66,566 | +€17,634 | +36.0% |
| Recurring financial charges | 65 | €48,932 | €66,566 | +€17,634 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €37,090 | €83,962 | +€46,872 | +126.4% |
| Income taxes | 67/77 | €32,848 | €45,711 | +€12,864 | +39.2% |
| Profit (loss) for the period | 9904 | €4,242 | €38,250 | +€34,008 | +801.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,242 | €38,250 | +€34,008 | +801.6% |
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 12 October 2026 via checked.be.