DE BOND: 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 BOND
Largest movements
- Stocks and contracts +€8,797
up €8,797 (+13.6%), from €64,632 to €73,429
- Tangible fixed assets -€6,635
down €6,635 (-25.8%), from €25,698 to €19,063
of which Furniture and vehicles: -€5,604
- Cash +€5,759
up €5,759 (+101%), from €5,683 to €11,443
mainly Net result for the year (+€17,280) and Depreciation (+€7,621)
- Receivables within one year +€3,531
up €3,531 (+15.3%), from €23,129 to €26,660
of which Trade receivables: +€2,471
- Reserves +€17,280
up €17,280 (+69.3%), from €24,939 to €42,219
of which Distributable reserves: +€17,280
- Debts after one year -€4,316
down €4,316 (-23.9%), from €18,039 to €13,723
- Trade debts -€2,447
down €2,447 (-7.1%), from €34,431 to €31,984
- Gross operating margin +€17,732
up €17,732 (+72.5%), from €24,449 to €42,181
- Depreciation +€4,301
up €4,301 (+130%), from €3,320 to €7,621
- Taxes +€3,833
up €3,833 (+83.3%), from €4,601 to €8,434
- Staff costs -€2,287
down €2,287 (-32.3%), from €7,086 to €4,799
- Financial charges +€1,360
up €1,360 (+83.0%), from €1,638 to €2,999
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 | €119,792 | €131,266 | +€11,474 | +9.6% |
| Fixed assets | 21/28 | €25,698 | €19,063 | -€6,635 | -25.8% |
| Tangible fixed assets | 22/27 | €25,698 | €19,063 | -€6,635 | -25.8% |
| Plant, machinery and equipment | 23 | €1,645 | €905 | -€740 | -45.0% |
| Furniture and vehicles | 24 | €20,945 | €15,342 | -€5,604 | -26.8% |
| Other tangible fixed assets | 26 | €3,108 | €2,816 | -€291 | -9.4% |
| Current assets | 29/58 | €94,094 | €112,203 | +€18,109 | +19.2% |
| Stocks and contracts in progress | 3 | €64,632 | €73,429 | +€8,797 | +13.6% |
| Stocks | 30/36 | €64,632 | €73,429 | +€8,797 | +13.6% |
| Amounts receivable within one year | 40/41 | €23,129 | €26,660 | +€3,531 | +15.3% |
| Trade receivables | 40 | €1,100 | €3,571 | +€2,471 | +225% |
| Other amounts receivable | 41 | €22,029 | €23,089 | +€1,060 | +4.8% |
| Cash at bank and in hand | 54/58 | €5,683 | €11,443 | +€5,759 | +101% |
| Deferred charges and accrued income | 490/1 | €650 | €671 | +€22 | +3.3% |
| Total equity and liabilities | 10/49 | €119,792 | €131,266 | +€11,474 | +9.6% |
| Equity | 10/15 | €54,939 | €72,219 | +€17,280 | +31.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €24,939 | €42,219 | +€17,280 | +69.3% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,416 | €9,416 | = | 0.0% |
| Distributable reserves | 133 | €12,523 | €29,803 | +€17,280 | +138% |
| Amounts payable | 17/49 | €64,853 | €59,047 | -€5,806 | -9.0% |
| Amounts payable after more than one year | 17 | €18,039 | €13,723 | -€4,316 | -23.9% |
| Financial debts | 170/4 | €18,039 | €13,723 | -€4,316 | -23.9% |
| Amounts payable within one year | 42/48 | €46,814 | €45,325 | -€1,490 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €3,998 | €4,316 | +€318 | +8.0% |
| Trade debts | 44 | €34,431 | €31,984 | -€2,447 | -7.1% |
| Suppliers | 440/4 | €34,431 | €31,984 | -€2,447 | -7.1% |
| Taxes, remuneration and social security | 45 | €8,384 | €9,024 | +€640 | +7.6% |
| Taxes | 450/3 | €8,384 | €9,024 | +€640 | +7.6% |
| Remuneration, social security and pensions | 62 | €7,086 | €4,799 | -€2,287 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €7,621 | +€4,301 | +130% |
| Other operating charges | 640/8 | €2,365 | €2,429 | +€64 | +2.7% |
| Gross operating margin | 9900 | €24,449 | €42,181 | +€17,732 | +72.5% |
| Operating profit (loss) | 9901 | €11,679 | €27,333 | +€15,654 | +134% |
| Financial income | 75/76B | €1,510 | €1,379 | -€131 | -8.7% |
| Recurring financial income | 75 | €1,510 | €1,379 | -€131 | -8.7% |
| Financial charges | 65/66B | €1,638 | €2,999 | +€1,360 | +83.0% |
| Recurring financial charges | 65 | €1,638 | €2,999 | +€1,360 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €11,551 | €25,714 | +€14,163 | +123% |
| Income taxes | 67/77 | €4,601 | €8,434 | +€3,833 | +83.3% |
| Profit (loss) for the period | 9904 | €6,950 | €17,280 | +€10,330 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €6,950 | €17,280 | +€10,330 | +149% |
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 16 October 2026 via checked.be.