De Block Patrick: 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 Block Patrick
Largest movements
- Receivables within one year +€125,971
up €125,971 (+233.4%), from €53,975 to €179,946
of which Trade receivables: +€113,004
- Cash -€22,279
down €22,279 (-37.0%), from €60,198 to €37,919
mainly Receivables within one year (-€125,971) and Debts after one year (-€15,566)
- Tangible fixed assets -€8,770
down €8,770 (-25.8%), from €33,927 to €25,157
of which Furniture and vehicles: -€7,142
- Reserves +€56,800
up €56,800 (+67.5%), from €84,100 to €140,900
of which Distributable reserves: +€56,800
- Trade debts +€46,676
up €46,676 (+56.7%), from €82,317 to €128,992
- Debts after one year -€15,566
down €15,566 (-47.8%), from €32,564 to €16,997
- Tax, wage and social debts +€5,915
up €5,915 (+39.6%), from €14,954 to €20,869
- Gross operating margin +€37,374
up €37,374 (+71.8%), from €52,023 to €89,397
- Taxes +€6,951
up €6,951 (+51.5%), from €13,500 to €20,451
- Depreciation -€6,723
down €6,723 (-43.6%), from €15,405 to €8,682
- Financial charges +€1,457
up €1,457 (+95.0%), from €1,535 to €2,992
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 | €319,458 | €414,017 | +€94,559 | +29.6% |
| Fixed assets | 21/28 | €33,973 | €25,338 | -€8,635 | -25.4% |
| Tangible fixed assets | 22/27 | €33,927 | €25,157 | -€8,770 | -25.8% |
| Plant, machinery and equipment | 23 | €3,539 | €2,864 | -€676 | -19.1% |
| Furniture and vehicles | 24 | €28,484 | €21,342 | -€7,142 | -25.1% |
| Other tangible fixed assets | 26 | €1,904 | €952 | -€952 | -50.0% |
| Financial fixed assets | 28 | €46 | €181 | +€135 | +294.8% |
| Current assets | 29/58 | €285,485 | €388,679 | +€103,194 | +36.1% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,975 | €179,946 | +€125,971 | +233.4% |
| Trade receivables | 40 | €13,771 | €126,775 | +€113,004 | +820.6% |
| Other amounts receivable | 41 | €40,204 | €53,171 | +€12,967 | +32.3% |
| Cash at bank and in hand | 54/58 | €60,198 | €37,919 | -€22,279 | -37.0% |
| Deferred charges and accrued income | 490/1 | €1,312 | €815 | -€498 | -37.9% |
| Total equity and liabilities | 10/49 | €319,458 | €414,017 | +€94,559 | +29.6% |
| Equity | 10/15 | €166,657 | €223,536 | +€56,880 | +34.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,100 | €140,900 | +€56,800 | +67.5% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €80,800 | €137,600 | +€56,800 | +70.3% |
| Profit (loss) carried forward | 14 | €81,557 | €81,636 | +€80 | +0.1% |
| Amounts payable | 17/49 | €152,801 | €190,481 | +€37,679 | +24.7% |
| Amounts payable after more than one year | 17 | €32,564 | €16,997 | -€15,566 | -47.8% |
| Financial debts | 170/4 | €32,564 | €16,997 | -€15,566 | -47.8% |
| Amounts payable within one year | 42/48 | €120,237 | €173,483 | +€53,246 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €22,467 | €23,122 | +€655 | +2.9% |
| Trade debts | 44 | €82,317 | €128,992 | +€46,676 | +56.7% |
| Suppliers | 440/4 | €82,317 | €128,992 | +€46,676 | +56.7% |
| Taxes, remuneration and social security | 45 | €14,954 | €20,869 | +€5,915 | +39.6% |
| Taxes | 450/3 | €14,954 | €20,869 | +€5,915 | +39.6% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,257 | +€10,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,405 | €8,682 | -€6,723 | -43.6% |
| Other operating charges | 640/8 | €805 | €531 | -€273 | -34.0% |
| Gross operating margin | 9900 | €52,023 | €89,397 | +€37,374 | +71.8% |
| Operating profit (loss) | 9901 | €35,814 | €80,184 | +€44,370 | +123.9% |
| Financial income | 75/76B | €32 | €139 | +€107 | +335.5% |
| Recurring financial income | 75 | €32 | €139 | +€107 | +335.5% |
| Financial charges | 65/66B | €1,535 | €2,992 | +€1,457 | +95.0% |
| Recurring financial charges | 65 | €1,535 | €2,992 | +€1,457 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | €34,311 | €77,331 | +€43,020 | +125.4% |
| Income taxes | 67/77 | €13,500 | €20,451 | +€6,951 | +51.5% |
| Profit (loss) for the period | 9904 | €20,811 | €56,880 | +€36,069 | +173.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,811 | €56,880 | +€36,069 | +173.3% |
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 7 October 2026 via checked.be.