De Bondt Timothy: 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 Bondt Timothy
Largest movements
- Receivables within one year +€13,596
up €13,596 (+68.3%), from €19,909 to €33,506
of which Trade receivables: +€13,277
- Intangible fixed assets -€13,200
down €13,200 (-17.5%), from €75,258 to €62,058
- Profit (loss) carried forward +€44,210
up €44,210 (+4,623%), from €956 to €45,166
- Other debts -€35,264
down €35,264 (-72.0%), from €48,998 to €13,735
- Debts after one year -€19,595
down €19,595 (-49.5%), from €39,579 to €19,983
- Trade debts +€11,790
up €11,790 (+138%), from €8,570 to €20,360
- Current portion of long-term debt -€3,830
down €3,830 (-15.3%), from €25,108 to €21,278
- Gross operating margin -€5,170
down €5,170 (-6.4%), from €80,917 to €75,748
- Financial charges -€959
down €959 (-28.4%), from €3,377 to €2,418
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 | €210,288 | €209,756 | -€532 | -0.3% |
| Fixed assets | 21/28 | €87,130 | €73,255 | -€13,875 | -15.9% |
| Intangible fixed assets | 21 | €75,258 | €62,058 | -€13,200 | -17.5% |
| Tangible fixed assets | 22/27 | €10,162 | €9,487 | -€675 | -6.6% |
| Land and buildings | 22 | €8,552 | €7,052 | -€1,500 | -17.5% |
| Plant, machinery and equipment | 23 | €1,610 | €2,434 | +€825 | +51.2% |
| Financial fixed assets | 28 | €1,710 | €1,710 | = | 0.0% |
| Current assets | 29/58 | €123,158 | €136,501 | +€13,343 | +10.8% |
| Stocks and contracts in progress | 3 | €79,408 | €80,420 | +€1,012 | +1.3% |
| Stocks | 30/36 | €79,408 | €80,420 | +€1,012 | +1.3% |
| Amounts receivable within one year | 40/41 | €19,909 | €33,506 | +€13,596 | +68.3% |
| Trade receivables | 40 | €14,599 | €27,876 | +€13,277 | +90.9% |
| Other amounts receivable | 41 | €5,310 | €5,629 | +€319 | +6.0% |
| Cash at bank and in hand | 54/58 | €23,701 | €22,433 | -€1,268 | -5.3% |
| Deferred charges and accrued income | 490/1 | €140 | €142 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €210,288 | €209,756 | -€532 | -0.3% |
| Equity | 10/15 | €82,356 | €126,566 | +€44,210 | +53.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €80,400 | €80,400 | = | 0.0% |
| Distributable reserves | 133 | €80,400 | €80,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €956 | €45,166 | +€44,210 | +4,623% |
| Amounts payable | 17/49 | €127,931 | €83,190 | -€44,742 | -35.0% |
| Amounts payable after more than one year | 17 | €39,579 | €19,983 | -€19,595 | -49.5% |
| Financial debts | 170/4 | €39,579 | €19,983 | -€19,595 | -49.5% |
| Amounts payable within one year | 42/48 | €88,353 | €62,807 | -€25,546 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €25,108 | €21,278 | -€3,830 | -15.3% |
| Trade debts | 44 | €8,570 | €20,360 | +€11,790 | +138% |
| Suppliers | 440/4 | €8,570 | €20,360 | +€11,790 | +138% |
| Taxes, remuneration and social security | 45 | €5,676 | €7,434 | +€1,757 | +31.0% |
| Taxes | 450/3 | €5,676 | €7,434 | +€1,757 | +31.0% |
| Other amounts payable | 47/48 | €48,998 | €13,735 | -€35,264 | -72.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,139 | €15,814 | +€675 | +4.5% |
| Other operating charges | 640/8 | €865 | €940 | +€75 | +8.7% |
| Gross operating margin | 9900 | €80,917 | €75,748 | -€5,170 | -6.4% |
| Operating profit (loss) | 9901 | €64,913 | €58,994 | -€5,919 | -9.1% |
| Financial income | 75/76B | €2,095 | €2,314 | +€219 | +10.5% |
| Recurring financial income | 75 | €95 | €314 | +€219 | +229% |
| Non-recurring financial income | 76B | €2,000 | €2,000 | = | 0.0% |
| Financial charges | 65/66B | €3,377 | €2,418 | -€959 | -28.4% |
| Recurring financial charges | 65 | €3,377 | €2,418 | -€959 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €63,631 | €58,890 | -€4,741 | -7.5% |
| Income taxes | 67/77 | €14,658 | €14,681 | +€23 | +0.2% |
| Profit (loss) for the period | 9904 | €48,974 | €44,210 | -€4,764 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,974 | €44,210 | -€4,764 | -9.7% |
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 29 October 2026 via checked.be.