DE BOECK & ZONEN: 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 & ZONEN
Largest movements
- Stocks and contracts -€60,868
down €60,868 (-20.3%), from €299,150 to €238,282
of which Contracts in progress: -€57,818
- Tangible fixed assets +€14,872
up €14,872 (+11.8%), from €125,817 to €140,688
of which Plant, machinery and equipment: +€20,100
- Cash +€14,244
up €14,244 (+436%), from €3,265 to €17,508
mainly Stocks and contracts (+€60,868) and Net result for the year (+€30,229)
- Short-term financial debts -€46,259
down €46,259 (-34.2%), from €135,259 to €89,000
- Profit (loss) carried forward +€30,229
up €30,229 (+34.0%), from €89,025 to €119,254
- Debts after one year -€14,273
down €14,273 (-7.1%), from €200,028 to €185,755
of which Financial debts: -€14,273
- Tax, wage and social debts -€11,076
down €11,076 (-49.2%), from €22,503 to €11,427
of which Remuneration and social security: -€14,142
- Current portion of long-term debt +€7,473
up €7,473 (+35.2%), from €21,200 to €28,673
- Gross operating margin +€20,188
up €20,188 (+10.8%), from €187,275 to €207,463
- Financial income +€5,865
up €5,865 (+3,288%), from €178 to €6,044
- Staff costs +€5,022
up €5,022 (+3.4%), from €145,709 to €150,731
- Financial charges -€2,787
down €2,787 (-13.2%), from €21,110 to €18,323
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 | €525,177 | €492,834 | -€32,343 | -6.2% |
| Fixed assets | 21/28 | €143,817 | €158,688 | +€14,872 | +10.3% |
| Tangible fixed assets | 22/27 | €125,817 | €140,688 | +€14,872 | +11.8% |
| Plant, machinery and equipment | 23 | €4,436 | €24,536 | +€20,100 | +453% |
| Furniture and vehicles | 24 | - | €1,185 | +€1,185 | |
| Leasing and similar rights | 25 | €121,381 | €114,968 | -€6,413 | -5.3% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €381,360 | €334,145 | -€47,215 | -12.4% |
| Stocks and contracts in progress | 3 | €299,150 | €238,282 | -€60,868 | -20.3% |
| Stocks | 30/36 | €222,500 | €219,450 | -€3,050 | -1.4% |
| Contracts in progress | 37 | €76,650 | €18,832 | -€57,818 | -75.4% |
| Amounts receivable within one year | 40/41 | €69,965 | €73,693 | +€3,727 | +5.3% |
| Trade receivables | 40 | €69,543 | €73,693 | +€4,150 | +6.0% |
| Other amounts receivable | 41 | €423 | - | -€423 | |
| Cash at bank and in hand | 54/58 | €3,265 | €17,508 | +€14,244 | +436% |
| Deferred charges and accrued income | 490/1 | €8,980 | €4,663 | -€4,318 | -48.1% |
| Total equity and liabilities | 10/49 | €525,177 | €492,834 | -€32,343 | -6.2% |
| Equity | 10/15 | €109,476 | €139,705 | +€30,229 | +27.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,025 | €119,254 | +€30,229 | +34.0% |
| Amounts payable | 17/49 | €415,701 | €353,128 | -€62,573 | -15.1% |
| Amounts payable after more than one year | 17 | €200,028 | €185,755 | -€14,273 | -7.1% |
| Financial debts | 170/4 | €85,028 | €70,755 | -€14,273 | -16.8% |
| Other amounts payable | 178/9 | €115,000 | €115,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €213,101 | €165,653 | -€47,448 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €21,200 | €28,673 | +€7,473 | +35.2% |
| Financial debts | 43 | €135,259 | €89,000 | -€46,259 | -34.2% |
| Credit institutions | 430/8 | €135,259 | €89,000 | -€46,259 | -34.2% |
| Trade debts | 44 | €6,611 | €11,737 | +€5,127 | +77.5% |
| Suppliers | 440/4 | €6,611 | €11,737 | +€5,127 | +77.5% |
| Advances received on contracts in progress | 46 | €3,078 | €2,500 | -€578 | -18.8% |
| Taxes, remuneration and social security | 45 | €22,503 | €11,427 | -€11,076 | -49.2% |
| Taxes | 450/3 | €3,756 | €6,822 | +€3,066 | +81.6% |
| Remuneration and social security | 454/9 | €18,746 | €4,604 | -€14,142 | -75.4% |
| Other amounts payable | 47/48 | €24,450 | €22,316 | -€2,133 | -8.7% |
| Accrued charges and deferred income | 492/3 | €2,573 | €1,720 | -€852 | -33.1% |
| Non-recurring operating income | 76A | €7,185 | - | -€7,185 | |
| Remuneration, social security and pensions | 62 | €145,709 | €150,731 | +€5,022 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,673 | €8,821 | +€148 | +1.7% |
| Other operating charges | 640/8 | €4,346 | €4,001 | -€345 | -7.9% |
| Non-recurring operating charges | 66A | €127 | - | -€127 | |
| Gross operating margin | 9900 | €187,275 | €207,463 | +€20,188 | +10.8% |
| Operating profit (loss) | 9901 | €28,420 | €43,909 | +€15,490 | +54.5% |
| Financial income | 75/76B | €178 | €6,044 | +€5,865 | +3,288% |
| Recurring financial income | 75 | €178 | €6,044 | +€5,865 | +3,288% |
| Financial charges | 65/66B | €21,110 | €18,323 | -€2,787 | -13.2% |
| Recurring financial charges | 65 | €21,110 | €18,323 | -€2,787 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,488 | €31,630 | +€24,142 | +322% |
| Income taxes | 67/77 | €246 | €1,401 | +€1,155 | +470% |
| Profit (loss) for the period | 9904 | €7,242 | €30,229 | +€22,987 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €7,242 | €30,229 | +€22,987 | +317% |
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 23 October 2026 via checked.be.