DE BOECK GUIDO: 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 BOECK GUIDO
Largest movements
- Cash +€32,929
up €32,929 (+16.5%), from €198,974 to €231,903
mainly Net result for the year (+€61,655) and Depreciation (+€36,986)
- Tangible fixed assets -€14,684
down €14,684 (-10.6%), from €139,004 to €124,321
- Receivables within one year -€9,686
down €9,686 (-43.5%), from €22,267 to €12,581
of which Trade receivables: -€12,625
- Profit (loss) carried forward +€61,655
up €61,655 (+26.7%), from €231,129 to €292,784
- Tax, wage and social debts -€18,029
down €18,029 (-45.3%), from €39,796 to €21,767
of which Taxes: -€18,029
- Trade debts -€16,830
down €16,830 (-86.9%), from €19,374 to €2,545
- Debts after one year -€14,817
down €14,817 (-85.4%), from €17,359 to €2,542
- Gross operating margin +€6,903
up €6,903 (+5.8%), from €118,517 to €125,421
- Staff costs -€2,036
down €2,036 (-100%), from €2,036 to €0
- Taxes +€1,507
up €1,507 (+7.4%), from €20,228 to €21,735
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 | €367,508 | €376,735 | +€9,227 | +2.5% |
| Fixed assets | 21/28 | €139,004 | €124,321 | -€14,684 | -10.6% |
| Tangible fixed assets | 22/27 | €139,004 | €124,321 | -€14,684 | -10.6% |
| Plant, machinery and equipment | 23 | €61,605 | €62,086 | +€481 | +0.8% |
| Furniture and vehicles | 24 | €9,844 | €5,128 | -€4,716 | -47.9% |
| Leasing and similar rights | 25 | €4,181 | €0 | -€4,181 | -100% |
| Other tangible fixed assets | 26 | €63,375 | €57,107 | -€6,268 | -9.9% |
| Current assets | 29/58 | €228,503 | €252,414 | +€23,911 | +10.5% |
| Stocks and contracts in progress | 3 | €5,719 | €6,729 | +€1,009 | +17.6% |
| Stocks | 30/36 | €5,719 | €6,729 | +€1,009 | +17.6% |
| Amounts receivable within one year | 40/41 | €22,267 | €12,581 | -€9,686 | -43.5% |
| Trade receivables | 40 | €13,852 | €1,227 | -€12,625 | -91.1% |
| Other amounts receivable | 41 | €8,414 | €11,354 | +€2,939 | +34.9% |
| Cash at bank and in hand | 54/58 | €198,974 | €231,903 | +€32,929 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,201 | -€342 | -22.1% |
| Total equity and liabilities | 10/49 | €367,508 | €376,735 | +€9,227 | +2.5% |
| Equity | 10/15 | €239,189 | €300,844 | +€61,655 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,129 | €292,784 | +€61,655 | +26.7% |
| Amounts payable | 17/49 | €128,318 | €75,891 | -€52,428 | -40.9% |
| Amounts payable after more than one year | 17 | €17,359 | €2,542 | -€14,817 | -85.4% |
| Financial debts | 170/4 | €17,359 | €2,542 | -€14,817 | -85.4% |
| Amounts payable within one year | 42/48 | €110,959 | €73,348 | -€37,611 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €18,309 | €14,817 | -€3,493 | -19.1% |
| Trade debts | 44 | €19,374 | €2,545 | -€16,830 | -86.9% |
| Suppliers | 440/4 | €19,374 | €2,545 | -€16,830 | -86.9% |
| Advances received on contracts in progress | 46 | €109 | €0 | -€109 | -100% |
| Taxes, remuneration and social security | 45 | €39,796 | €21,767 | -€18,029 | -45.3% |
| Taxes | 450/3 | €39,765 | €21,735 | -€18,029 | -45.3% |
| Remuneration and social security | 454/9 | €32 | €32 | = | 0.0% |
| Other amounts payable | 47/48 | €33,370 | €34,220 | +€850 | +2.5% |
| Remuneration, social security and pensions | 62 | €2,036 | €0 | -€2,036 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,728 | €36,986 | +€258 | +0.7% |
| Other operating charges | 640/8 | €1,328 | €1,395 | +€67 | +5.1% |
| Gross operating margin | 9900 | €118,517 | €125,421 | +€6,903 | +5.8% |
| Operating profit (loss) | 9901 | €78,426 | €87,040 | +€8,614 | +11.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +450% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +450% |
| Financial charges | 65/66B | €4,070 | €3,650 | -€420 | -10.3% |
| Recurring financial charges | 65 | €4,070 | €3,650 | -€420 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €74,357 | €83,390 | +€9,034 | +12.1% |
| Income taxes | 67/77 | €20,228 | €21,735 | +€1,507 | +7.4% |
| Profit (loss) for the period | 9904 | €54,128 | €61,655 | +€7,527 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,128 | €61,655 | +€7,527 | +13.9% |
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 30 October 2026 via checked.be.