DE BODT Eric: 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 BODT Eric
Largest movements
- Cash +€328,739
up €328,739 (+867%), from €37,926 to €366,665
mainly Receivables within one year (+€235,865) and Trade debts (+€208,521)
- Stocks and contracts +€247,652
new in 2025: €247,652
- Receivables within one year -€235,865
down €235,865 (-13.5%), from €1.7m to €1.5m
of which Trade receivables: -€170,022
- Tangible fixed assets -€184,361
down €184,361 (-60.6%), from €304,064 to €119,703
of which Land and buildings: -€174,950
- Deferred charges and accrued income +€67,193
up €67,193 (+377%), from €17,822 to €85,015
- Trade debts +€208,521
up €208,521 (+18.0%), from €1.2m to €1.4m
- Short-term financial debts +€51,578
up €51,578 (+14.8%), from €348,422 to €400,000
- Current portion of long-term debt -€34,382
down €34,382 (-82.0%), from €41,935 to €7,553
- Gross operating margin -€853,802
down €853,802 (-33.1%), from €2.6m to €1.7m
- Staff costs -€710,240
down €710,240 (-30.4%), from €2.3m to €1.6m
- Financial charges -€57,067
down €57,067 (-60.8%), from €93,853 to €36,786
- Other operating charges -€55,795
down €55,795 (-74.4%), from €74,994 to €19,199
- Depreciation -€38,885
down €38,885 (-48.5%), from €80,186 to €41,301
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 | €2,434,022 | €2,657,380 | +€223,358 | +9.2% |
| Fixed assets | 21/28 | €629,708 | €445,347 | -€184,361 | -29.3% |
| Tangible fixed assets | 22/27 | €304,064 | €119,703 | -€184,361 | -60.6% |
| Land and buildings | 22 | €199,843 | €24,893 | -€174,950 | -87.5% |
| Plant, machinery and equipment | 23 | €50,743 | €50,643 | -€100 | -0.2% |
| Furniture and vehicles | 24 | €53,478 | €44,167 | -€9,311 | -17.4% |
| Financial fixed assets | 28 | €325,644 | €325,644 | = | 0.0% |
| Current assets | 29/58 | €1,804,314 | €2,212,033 | +€407,719 | +22.6% |
| Stocks and contracts in progress | 3 | - | €247,652 | +€247,652 | |
| Stocks | 30/36 | - | €247,652 | +€247,652 | |
| Amounts receivable within one year | 40/41 | €1,747,661 | €1,511,796 | -€235,865 | -13.5% |
| Trade receivables | 40 | €1,464,261 | €1,294,239 | -€170,022 | -11.6% |
| Other amounts receivable | 41 | €283,400 | €217,557 | -€65,843 | -23.2% |
| Current investments | 50/53 | €905 | €905 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,926 | €366,665 | +€328,739 | +867% |
| Deferred charges and accrued income | 490/1 | €17,822 | €85,015 | +€67,193 | +377% |
| Total equity and liabilities | 10/49 | €2,434,022 | €2,657,380 | +€223,358 | +9.2% |
| Equity | 10/15 | €838,661 | €845,522 | +€6,861 | +0.8% |
| Contributions | 10/11 | €357,000 | €357,000 | = | 0.0% |
| Capital | 10 | €357,000 | €357,000 | = | 0.0% |
| Issued capital | 100 | €357,000 | €357,000 | = | 0.0% |
| Reserves | 13 | €488,484 | €488,484 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,700 | €35,700 | = | 0.0% |
| Legal reserve | 130 | €35,700 | €35,700 | = | 0.0% |
| Distributable reserves | 133 | €452,784 | €452,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,823 | €38 | +€6,861 | |
| Amounts payable | 17/49 | €1,595,361 | €1,811,858 | +€216,497 | +13.6% |
| Amounts payable after more than one year | 17 | €27,536 | €1,940 | -€25,596 | -93.0% |
| Financial debts | 170/4 | €27,536 | €1,940 | -€25,596 | -93.0% |
| Amounts payable within one year | 42/48 | €1,567,825 | €1,809,918 | +€242,093 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €41,935 | €7,553 | -€34,382 | -82.0% |
| Financial debts | 43 | €348,422 | €400,000 | +€51,578 | +14.8% |
| Credit institutions | 430/8 | €348,422 | €400,000 | +€51,578 | +14.8% |
| Trade debts | 44 | €1,159,478 | €1,367,999 | +€208,521 | +18.0% |
| Suppliers | 440/4 | €1,159,478 | €1,367,999 | +€208,521 | +18.0% |
| Taxes, remuneration and social security | 45 | €17,990 | €34,366 | +€16,376 | +91.0% |
| Taxes | 450/3 | - | €22,439 | +€22,439 | |
| Remuneration and social security | 454/9 | €17,990 | €11,927 | -€6,063 | -33.7% |
| Non-recurring operating income | 76A | €465 | - | -€465 | |
| Remuneration, social security and pensions | 62 | €2,335,119 | €1,624,879 | -€710,240 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,186 | €41,301 | -€38,885 | -48.5% |
| Other operating charges | 640/8 | €74,994 | €19,199 | -€55,795 | -74.4% |
| Non-recurring operating charges | 66A | - | €784 | +€784 | |
| Gross operating margin | 9900 | €2,580,636 | €1,726,834 | -€853,802 | -33.1% |
| Operating profit (loss) | 9901 | €90,337 | €40,671 | -€49,666 | -55.0% |
| Financial income | 75/76B | €6,010 | €6,028 | +€18 | +0.3% |
| Recurring financial income | 75 | €6,010 | €6,028 | +€18 | +0.3% |
| Financial charges | 65/66B | €93,853 | €36,786 | -€57,067 | -60.8% |
| Recurring financial charges | 65 | €93,853 | €36,786 | -€57,067 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €2,494 | €9,913 | +€7,419 | +297% |
| Income taxes | 67/77 | €9,317 | €3,052 | -€6,265 | -67.2% |
| Profit (loss) for the period | 9904 | -€6,823 | €6,861 | +€13,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,823 | €6,861 | +€13,684 |
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 13 October 2026 via checked.be.