DE BOECK LUC: 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 LUC
Largest movements
- Cash +€24,337
up €24,337 (+82.0%), from €29,665 to €54,002
mainly Depreciation (+€25,888) and Net result for the year (+€23,080)
- Tangible fixed assets -€20,844
down €20,844 (-8.1%), from €257,202 to €236,358
of which Furniture and vehicles: -€12,473
- Stocks and contracts -€7,456
down €7,456 (-92.4%), from €8,067 to €611
- Debts after one year -€11,882
down €11,882 (-8.6%), from €138,871 to €126,989
- Reserves +€10,500
up €10,500 (+19.1%), from €55,000 to €65,500
- Gross operating margin +€34,921
up €34,921 (+112%), from €31,073 to €65,994
- Taxes +€11,498
up €11,498 (+527%), from €2,180 to €13,678
- Depreciation -€1,227
down €1,227 (-4.5%), from €27,116 to €25,888
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 | €306,802 | €299,878 | -€6,924 | -2.3% |
| Fixed assets | 21/28 | €257,202 | €236,358 | -€20,844 | -8.1% |
| Tangible fixed assets | 22/27 | €257,202 | €236,358 | -€20,844 | -8.1% |
| Land and buildings | 22 | €238,039 | €227,423 | -€10,616 | -4.5% |
| Plant, machinery and equipment | 23 | €4,745 | €6,991 | +€2,246 | +47.3% |
| Furniture and vehicles | 24 | €14,418 | €1,944 | -€12,473 | -86.5% |
| Current assets | 29/58 | €49,601 | €63,520 | +€13,920 | +28.1% |
| Stocks and contracts in progress | 3 | €8,067 | €611 | -€7,456 | -92.4% |
| Stocks | 30/36 | €8,067 | €611 | -€7,456 | -92.4% |
| Amounts receivable within one year | 40/41 | €11,869 | €8,908 | -€2,961 | -24.9% |
| Trade receivables | 40 | €4,048 | €6,879 | +€2,831 | +69.9% |
| Other amounts receivable | 41 | €7,820 | €2,028 | -€5,792 | -74.1% |
| Cash at bank and in hand | 54/58 | €29,665 | €54,002 | +€24,337 | +82.0% |
| Total equity and liabilities | 10/49 | €306,802 | €299,878 | -€6,924 | -2.3% |
| Equity | 10/15 | €99,014 | €109,594 | +€10,580 | +10.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €65,500 | +€10,500 | +19.1% |
| Distributable reserves | 133 | €55,000 | €65,500 | +€10,500 | +19.1% |
| Profit (loss) carried forward | 14 | €24,014 | €24,094 | +€80 | +0.3% |
| Amounts payable | 17/49 | €207,788 | €190,284 | -€17,504 | -8.4% |
| Amounts payable after more than one year | 17 | €138,871 | €126,989 | -€11,882 | -8.6% |
| Financial debts | 170/4 | €138,871 | €126,989 | -€11,882 | -8.6% |
| Amounts payable within one year | 42/48 | €68,917 | €63,295 | -€5,622 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €20,787 | €19,382 | -€1,405 | -6.8% |
| Trade debts | 44 | €6,584 | €4,676 | -€1,908 | -29.0% |
| Suppliers | 440/4 | €6,584 | €4,676 | -€1,908 | -29.0% |
| Taxes, remuneration and social security | 45 | €4,358 | €3,275 | -€1,083 | -24.8% |
| Taxes | 450/3 | €1,708 | €625 | -€1,083 | -63.4% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €37,188 | €35,962 | -€1,226 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,116 | €25,888 | -€1,227 | -4.5% |
| Other operating charges | 640/8 | €1,830 | €1,427 | -€402 | -22.0% |
| Gross operating margin | 9900 | €31,073 | €65,994 | +€34,921 | +112% |
| Operating profit (loss) | 9901 | €2,128 | €38,678 | +€36,550 | +1,717% |
| Financial income | 75/76B | €198 | €1 | -€197 | -99.5% |
| Recurring financial income | 75 | €198 | €1 | -€197 | -99.5% |
| Financial charges | 65/66B | €2,311 | €1,922 | -€389 | -16.9% |
| Recurring financial charges | 65 | €2,311 | €1,922 | -€389 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €15 | €36,758 | +€36,743 | +243,651% |
| Income taxes | 67/77 | €2,180 | €13,678 | +€11,498 | +527% |
| Profit (loss) for the period | 9904 | -€2,165 | €23,080 | +€25,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,165 | €23,080 | +€25,245 |
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 27 October 2026 via checked.be.