DE BOCK: 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 BOCK
Largest movements
- Tangible fixed assets -€15,285
down €15,285 (-2.2%), from €682,293 to €667,007
of which Land and buildings: -€11,485
- Debts after one year +€310,000
up €310,000 (+129.4%), from €239,592 to €549,592
- Other debts -€276,930
down €276,930 (-99.7%), from €277,810 to €879
- Reserves -€57,227
down €57,227 (-29.2%), from €196,068 to €138,841
of which Distributable reserves: -€57,227
- Trade debts +€11,719
up €11,719 (+761.2%), from €1,540 to €13,258
- Other operating charges +€22,117
up €22,117 (+64.2%), from €34,454 to €56,571
- Gross operating margin -€5,378
down €5,378 (-26.5%), from €20,300 to €14,923
- Depreciation -€1,578
down €1,578 (-9.4%), from €16,863 to €15,285
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 | €697,273 | €685,568 | -€11,705 | -1.7% |
| Fixed assets | 21/28 | €682,793 | €667,507 | -€15,285 | -2.2% |
| Tangible fixed assets | 22/27 | €682,293 | €667,007 | -€15,285 | -2.2% |
| Land and buildings | 22 | €677,129 | €665,644 | -€11,485 | -1.7% |
| Furniture and vehicles | 24 | €5,164 | €1,364 | -€3,800 | -73.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €14,480 | €18,061 | +€3,581 | +24.7% |
| Stocks and contracts in progress | 3 | €5,427 | €4,174 | -€1,252 | -23.1% |
| Stocks | 30/36 | €5,427 | €4,174 | -€1,252 | -23.1% |
| Amounts receivable within one year | 40/41 | €1,236 | €421 | -€815 | -65.9% |
| Trade receivables | 40 | €1,236 | €421 | -€815 | -65.9% |
| Cash at bank and in hand | 54/58 | €7,817 | €13,465 | +€5,648 | +72.3% |
| Total equity and liabilities | 10/49 | €697,273 | €685,568 | -€11,705 | -1.7% |
| Equity | 10/15 | €176,794 | €119,567 | -€57,227 | -32.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €196,068 | €138,841 | -€57,227 | -29.2% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €193,589 | €136,362 | -€57,227 | -29.6% |
| Profit (loss) carried forward | 14 | -€44,063 | -€44,063 | = | 0.0% |
| Amounts payable | 17/49 | €520,479 | €566,001 | +€45,523 | +8.7% |
| Amounts payable after more than one year | 17 | €239,592 | €549,592 | +€310,000 | +129.4% |
| Financial debts | 170/4 | €239,592 | €549,592 | +€310,000 | +129.4% |
| Amounts payable within one year | 42/48 | €280,186 | €16,159 | -€264,027 | -94.2% |
| Trade debts | 44 | €1,540 | €13,258 | +€11,719 | +761.2% |
| Suppliers | 440/4 | €1,540 | €13,258 | +€11,719 | +761.2% |
| Advances received on contracts in progress | 46 | - | €750 | +€750 | |
| Taxes, remuneration and social security | 45 | €837 | €1,272 | +€434 | +51.9% |
| Taxes | 450/3 | €837 | €1,272 | +€434 | +51.9% |
| Other amounts payable | 47/48 | €277,810 | €879 | -€276,930 | -99.7% |
| Accrued charges and deferred income | 492/3 | €700 | €250 | -€450 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,863 | €15,285 | -€1,578 | -9.4% |
| Other operating charges | 640/8 | €34,454 | €56,571 | +€22,117 | +64.2% |
| Gross operating margin | 9900 | €20,300 | €14,923 | -€5,378 | -26.5% |
| Operating profit (loss) | 9901 | -€31,017 | -€56,934 | -€25,916 | -83.6% |
| Financial income | 75/76B | €8 | €25 | +€17 | +227.0% |
| Recurring financial income | 75 | €8 | €25 | +€17 | +227.0% |
| Financial charges | 65/66B | €158 | €73 | -€86 | -54.2% |
| Recurring financial charges | 65 | €158 | €73 | -€86 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,168 | -€56,981 | -€25,813 | -82.8% |
| Income taxes | 67/77 | €236 | €246 | +€10 | +4.3% |
| Profit (loss) for the period | 9904 | -€31,404 | -€57,227 | -€25,823 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,404 | -€57,227 | -€25,823 | -82.2% |
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 10 October 2026 via checked.be.