DE BOCK BART: 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 BOCK BART
Largest movements
- Cash -€18,994
down €18,994 (-10.4%), from €181,830 to €162,837
mainly Contributions, distributions and other (-€65,738) and Current investments (-€15,000)
- Current investments +€15,000
up €15,000 (+14.3%), from €104,549 to €119,549
- Receivables within one year -€6,719
down €6,719 (-7.2%), from €93,956 to €87,237
of which Other amounts receivable: -€5,157
- Reserves -€38,205
down €38,205 (-9.3%), from €409,841 to €371,636
- Trade debts +€24,738
up €24,738 (+1274.0%), from €1,942 to €26,679
- Tax, wage and social debts +€6,362
up €6,362 (+60.4%), from €10,534 to €16,896
- Gross operating margin -€53,002
down €53,002 (-50.0%), from €105,919 to €52,916
- Taxes -€8,853
down €8,853 (-30.4%), from €29,089 to €20,236
- Depreciation +€1,788
up €1,788 (+75.2%), from €2,378 to €4,167
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 | €443,813 | €434,450 | -€9,363 | -2.1% |
| Fixed assets | 21/28 | €15,129 | €18,642 | +€3,513 | +23.2% |
| Tangible fixed assets | 22/27 | €15,129 | €18,642 | +€3,513 | +23.2% |
| Land and buildings | 22 | €12,395 | €10,758 | -€1,637 | -13.2% |
| Furniture and vehicles | 24 | €2,734 | €7,884 | +€5,150 | +188.4% |
| Current assets | 29/58 | €428,684 | €415,808 | -€12,876 | -3.0% |
| Stocks and contracts in progress | 3 | €48,349 | €46,185 | -€2,164 | -4.5% |
| Stocks | 30/36 | €48,349 | €46,185 | -€2,164 | -4.5% |
| Amounts receivable within one year | 40/41 | €93,956 | €87,237 | -€6,719 | -7.2% |
| Trade receivables | 40 | €86,535 | €84,973 | -€1,562 | -1.8% |
| Other amounts receivable | 41 | €7,421 | €2,264 | -€5,157 | -69.5% |
| Current investments | 50/53 | €104,549 | €119,549 | +€15,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €181,830 | €162,837 | -€18,994 | -10.4% |
| Total equity and liabilities | 10/49 | €443,813 | €434,450 | -€9,363 | -2.1% |
| Equity | 10/15 | €415,941 | €377,736 | -€38,205 | -9.2% |
| Contributions | 10/11 | €6,100 | €6,100 | = | 0.0% |
| Reserves | 13 | €409,841 | €371,636 | -€38,205 | -9.3% |
| Distributable reserves | 133 | €409,841 | €371,636 | -€38,205 | -9.3% |
| Amounts payable | 17/49 | €27,872 | €56,714 | +€28,842 | +103.5% |
| Amounts payable within one year | 42/48 | €27,872 | €56,714 | +€28,842 | +103.5% |
| Trade debts | 44 | €1,942 | €26,679 | +€24,738 | +1274.0% |
| Suppliers | 440/4 | €1,942 | €26,679 | +€24,738 | +1274.0% |
| Taxes, remuneration and social security | 45 | €10,534 | €16,896 | +€6,362 | +60.4% |
| Taxes | 450/3 | €10,534 | €16,896 | +€6,362 | +60.4% |
| Other amounts payable | 47/48 | €15,396 | €13,138 | -€2,258 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €4,167 | +€1,788 | +75.2% |
| Other operating charges | 640/8 | €772 | €520 | -€252 | -32.7% |
| Gross operating margin | 9900 | €105,919 | €52,916 | -€53,002 | -50.0% |
| Operating profit (loss) | 9901 | €102,769 | €48,230 | -€54,539 | -53.1% |
| Financial charges | 65/66B | €150 | €461 | +€311 | +207.5% |
| Recurring financial charges | 65 | €150 | €461 | +€311 | +207.5% |
| Profit (loss) for the period before taxes | 9903 | €102,619 | €47,769 | -€54,850 | -53.5% |
| Income taxes | 67/77 | €29,089 | €20,236 | -€8,853 | -30.4% |
| Profit (loss) for the period | 9904 | €73,530 | €27,533 | -€45,997 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,530 | €27,533 | -€45,997 | -62.6% |
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 4 October 2026 via checked.be.