DE BOCK J: 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 J
Largest movements
- Receivables within one year -€29,894
down €29,894 (-38.7%), from €77,234 to €47,340
of which Trade receivables: -€23,648
- Tangible fixed assets -€14,506
down €14,506 (-44.8%), from €32,377 to €17,871
of which Plant, machinery and equipment: -€9,043
- Cash -€14,181
no longer reported in 2025 (was €14,181)
mainly Trade debts (-€73,257) and Investment in fixed assets (net) (-€1,950)
- Trade debts -€73,257
down €73,257 (-78.9%), from €92,844 to €19,587
- Short-term financial debts +€8,483
new in 2025: €8,483
- Tax, wage and social debts +€4,975
up €4,975 (+58.5%), from €8,511 to €13,486
of which Remuneration and social security: +€9,359
- Profit (loss) carried forward +€1,708
up €1,708 (+4.1%), from -€41,245 to -€39,537
- Gross operating margin +€60,915
up €60,915 (+86.3%), from €70,559 to €131,475
- Staff costs +€40,550
up €40,550 (+58.8%), from €69,011 to €109,561
- Depreciation -€8,588
down €8,588 (-34.3%), from €25,044 to €16,455
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 | €135,800 | €77,709 | -€58,091 | -42.8% |
| Fixed assets | 21/28 | €32,377 | €17,871 | -€14,506 | -44.8% |
| Tangible fixed assets | 22/27 | €32,377 | €17,871 | -€14,506 | -44.8% |
| Plant, machinery and equipment | 23 | €26,915 | €17,871 | -€9,043 | -33.6% |
| Furniture and vehicles | 24 | €5,462 | - | -€5,462 | |
| Current assets | 29/58 | €103,423 | €59,838 | -€43,585 | -42.1% |
| Stocks and contracts in progress | 3 | €7,540 | €7,770 | +€230 | +3.1% |
| Stocks | 30/36 | €7,540 | €7,770 | +€230 | +3.1% |
| Amounts receivable within one year | 40/41 | €77,234 | €47,340 | -€29,894 | -38.7% |
| Trade receivables | 40 | €55,372 | €31,723 | -€23,648 | -42.7% |
| Other amounts receivable | 41 | €21,862 | €15,617 | -€6,245 | -28.6% |
| Cash at bank and in hand | 54/58 | €14,181 | - | -€14,181 | |
| Deferred charges and accrued income | 490/1 | €4,468 | €4,727 | +€260 | +5.8% |
| Total equity and liabilities | 10/49 | €135,800 | €77,709 | -€58,091 | -42.8% |
| Equity | 10/15 | €34,445 | €36,153 | +€1,708 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,490 | €69,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,630 | €67,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,245 | -€39,537 | +€1,708 | +4.1% |
| Amounts payable | 17/49 | €101,355 | €41,555 | -€59,799 | -59.0% |
| Amounts payable within one year | 42/48 | €101,355 | €41,555 | -€59,799 | -59.0% |
| Financial debts | 43 | - | €8,483 | +€8,483 | |
| Credit institutions | 430/8 | - | €8,483 | +€8,483 | |
| Trade debts | 44 | €92,844 | €19,587 | -€73,257 | -78.9% |
| Suppliers | 440/4 | €92,844 | €19,587 | -€73,257 | -78.9% |
| Taxes, remuneration and social security | 45 | €8,511 | €13,486 | +€4,975 | +58.5% |
| Taxes | 450/3 | €8,511 | €4,127 | -€4,384 | -51.5% |
| Remuneration and social security | 454/9 | - | €9,359 | +€9,359 | |
| Remuneration, social security and pensions | 62 | €69,011 | €109,561 | +€40,550 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,044 | €16,455 | -€8,588 | -34.3% |
| Other operating charges | 640/8 | €1,229 | €1,323 | +€94 | +7.7% |
| Gross operating margin | 9900 | €70,559 | €131,475 | +€60,915 | +86.3% |
| Operating profit (loss) | 9901 | -€24,724 | €4,135 | +€28,859 | |
| Financial income | 75/76B | €2,255 | €1,281 | -€975 | -43.2% |
| Recurring financial income | 75 | €2,255 | €1,281 | -€975 | -43.2% |
| Financial charges | 65/66B | €3,738 | €3,398 | -€341 | -9.1% |
| Recurring financial charges | 65 | €3,738 | €3,398 | -€341 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,207 | €2,018 | +€28,225 | |
| Income taxes | 67/77 | €288 | €310 | +€22 | +7.8% |
| Profit (loss) for the period | 9904 | -€26,495 | €1,708 | +€28,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,495 | €1,708 | +€28,203 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.