De Boekenmaker: 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 Boekenmaker
Largest movements
- Receivables within one year +€35,237
up €35,237 (+13.5%), from €261,576 to €296,813
of which Trade receivables: +€35,523
- Cash +€28,541
up €28,541 (+70.9%), from €40,279 to €68,820
mainly Net result for the year (+€55,184) and Depreciation (+€11,817)
- Tangible fixed assets -€11,817
down €11,817 (-25.5%), from €46,343 to €34,526
of which Furniture and vehicles: -€11,589
- Reserves +€55,184
up €55,184 (+38.0%), from €145,226 to €200,410
- Other debts -€7,712
down €7,712 (-4.2%), from €183,560 to €175,848
- Tax, wage and social debts +€5,191
up €5,191 (+104%), from €5,015 to €10,206
- Gross operating margin -€18,729
down €18,729 (-16.5%), from €113,274 to €94,545
- Taxes -€1,757
down €1,757 (-6.2%), from €28,227 to €26,469
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 | €350,812 | €402,668 | +€51,856 | +14.8% |
| Fixed assets | 21/28 | €46,343 | €34,526 | -€11,817 | -25.5% |
| Tangible fixed assets | 22/27 | €46,343 | €34,526 | -€11,817 | -25.5% |
| Plant, machinery and equipment | 23 | €2,099 | €1,871 | -€228 | -10.9% |
| Furniture and vehicles | 24 | €44,244 | €32,655 | -€11,589 | -26.2% |
| Current assets | 29/58 | €304,469 | €368,142 | +€63,673 | +20.9% |
| Amounts receivable within one year | 40/41 | €261,576 | €296,813 | +€35,237 | +13.5% |
| Trade receivables | 40 | €226,290 | €261,813 | +€35,523 | +15.7% |
| Other amounts receivable | 41 | €35,286 | €35,000 | -€286 | -0.8% |
| Cash at bank and in hand | 54/58 | €40,279 | €68,820 | +€28,541 | +70.9% |
| Deferred charges and accrued income | 490/1 | €2,614 | €2,509 | -€105 | -4.0% |
| Total equity and liabilities | 10/49 | €350,812 | €402,668 | +€51,856 | +14.8% |
| Equity | 10/15 | €153,584 | €208,768 | +€55,184 | +35.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,226 | €200,410 | +€55,184 | +38.0% |
| Distributable reserves | 133 | €145,226 | €200,410 | +€55,184 | +38.0% |
| Profit (loss) carried forward | 14 | €2,158 | €2,158 | = | 0.0% |
| Amounts payable | 17/49 | €197,227 | €193,899 | -€3,328 | -1.7% |
| Amounts payable within one year | 42/48 | €197,227 | €193,899 | -€3,328 | -1.7% |
| Trade debts | 44 | €8,653 | €7,845 | -€808 | -9.3% |
| Suppliers | 440/4 | €8,653 | €7,845 | -€808 | -9.3% |
| Taxes, remuneration and social security | 45 | €5,015 | €10,206 | +€5,191 | +104% |
| Taxes | 450/3 | €5,015 | €10,206 | +€5,191 | +104% |
| Other amounts payable | 47/48 | €183,560 | €175,848 | -€7,712 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,690 | €11,817 | +€127 | +1.1% |
| Other operating charges | 640/8 | €1,123 | €714 | -€410 | -36.5% |
| Gross operating margin | 9900 | €113,274 | €94,545 | -€18,729 | -16.5% |
| Operating profit (loss) | 9901 | €100,460 | €82,014 | -€18,446 | -18.4% |
| Financial income | 75/76B | €544 | €526 | -€18 | -3.4% |
| Recurring financial income | 75 | €544 | €526 | -€18 | -3.4% |
| Financial charges | 65/66B | €116 | €887 | +€771 | +665% |
| Recurring financial charges | 65 | €116 | €887 | +€771 | +665% |
| Profit (loss) for the period before taxes | 9903 | €100,888 | €81,653 | -€19,235 | -19.1% |
| Income taxes | 67/77 | €28,227 | €26,469 | -€1,757 | -6.2% |
| Profit (loss) for the period | 9904 | €72,662 | €55,184 | -€17,478 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,662 | €55,184 | -€17,478 | -24.1% |
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 18 October 2026 via checked.be.