DE BREE: what changed
Two fiscal 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.
What changed
DE BREE
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€258,554
2024 · -€297,487+€38,933
Equity
€12.3m
2024 · €12.5m-€258,554
Cash
€118,376
2024 · €29,054+€89,321
Balance sheet total
€31.6m
2024 · €29.7m+€1.9m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+127.0%), from €1.5m to €3.3m
of which Trade receivables: +€1.4m
Equity and liabilities
- Other debts +€3.5m
up €3.5m (+821.9%), from €426,000 to €3.9m
- Current portion of long-term debt -€497,536
down €497,536 (-64.1%), from €775,697 to €278,161
- Trade debts -€487,918
down €487,918 (-42.8%), from €1.1m to €652,076
Income statement
- Turnover +€813,199
up €813,199 (+34.9%), from €2.3m to €3.1m
- Other operating income -€778,155
down €778,155 (-98.4%), from €791,041 to €12,886
- Staff costs +€171,486
up €171,486 (+20.0%), from €856,715 to €1.0m
- Services and other goods -€106,475
down €106,475 (-5.9%), from €1.8m to €1.7m
- Financial charges -€58,104
down €58,104 (-8.9%), from €654,795 to €596,691
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.
Result 2024
-€297,487
Turnover
+€813,199
Other operating income
-€778,155
Services and other goods
+€106,475
Staff costs
-€171,486
Depreciation
-€11,822
Other operating charges
-€10,670
Other operating items
+€153
Financial income
+€33,681
Financial charges
+€58,104
Taxes
-€546
Result 2025
-€258,554
Cash bridge derived
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.
From operations
+€920,595
Investment
-€45,245
Financing
-€786,028
Cash 2024
€29,054
From operations (derived)
+€920,595
Net result for the year
-€258,554
Depreciation
+€145,874
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€3,203
Trade debts
-€487,918
Tax, wage and social debts
-€72,981
Other debts
+€3.5m
Accrued charges and deferred income
-€34,815
Investment (derived)
-€45,245
Investment in fixed assets (net)
-€45,245
Financing
-€786,028
Debts after one year
-€261,960
Current portion of long-term debt
-€497,536
Short-term financial debts
-€26,532
Cash 2025
€118,376
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,706,858 | €31,567,896 | +€1.9m | +6.3% |
| Fixed assets | 21/28 | €26,468,642 | €26,368,013 | -€100,629 | -0.4% |
| Intangible fixed assets | 21 | €823,094 | €753,812 | -€69,282 | -8.4% |
| Tangible fixed assets | 22/27 | €4,079 | €1,904 | -€2,175 | -53.3% |
| Furniture and vehicles | 24 | €4,079 | €1,904 | -€2,175 | -53.3% |
| Financial fixed assets | 28 | €25,641,468 | €25,612,297 | -€29,171 | -0.1% |
| Affiliated companies | 280/1 | €25,641,468 | €25,612,297 | -€29,171 | -0.1% |
| Participating interests | 280 | €25,641,468 | €25,612,297 | -€29,171 | -0.1% |
| Current assets | 29/58 | €3,238,217 | €5,199,883 | +€2.0m | +60.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,472,102 | €3,341,244 | +€1.9m | +127.0% |
| Trade receivables | 40 | €1,292,047 | €2,714,779 | +€1.4m | +110.1% |
| Other amounts receivable | 41 | €180,056 | €626,465 | +€446,410 | +247.9% |
| Current investments | 50/53 | €1,727,885 | €1,727,885 | = | 0.0% |
| Own shares | 50 | €1,727,885 | €1,727,885 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,054 | €118,376 | +€89,321 | +307.4% |
| Deferred charges and accrued income | 490/1 | €9,175 | €12,378 | +€3,203 | +34.9% |
| Total equity and liabilities | 10/49 | €29,706,858 | €31,567,896 | +€1.9m | +6.3% |
| Equity | 10/15 | €12,526,845 | €12,268,291 | -€258,554 | -2.1% |
| Contributions | 10/11 | €4,643,108 | €4,643,108 | = | 0.0% |
| Capital | 10 | €4,643,108 | €4,643,108 | = | 0.0% |
| Issued capital | 100 | €4,643,108 | €4,643,108 | = | 0.0% |
| Reserves | 13 | €4,042,107 | €4,042,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,192,200 | €2,192,200 | = | 0.0% |
| Legal reserve | 130 | €464,315 | €464,315 | = | 0.0% |
| Own shares acquired | 1312 | €1,727,885 | €1,727,885 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,205 | €44,205 | = | 0.0% |
| Distributable reserves | 133 | €1,805,701 | €1,805,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,841,630 | €3,583,077 | -€258,554 | -6.7% |
| Amounts payable | 17/49 | €17,180,013 | €19,299,605 | +€2.1m | +12.3% |
| Amounts payable after more than one year | 17 | €14,461,432 | €14,199,471 | -€261,960 | -1.8% |
| Financial debts | 170/4 | €14,461,432 | €14,199,471 | -€261,960 | -1.8% |
| Credit institutions | 173 | €2,959,361 | €2,697,401 | -€261,960 | -8.9% |
| Other loans | 174 | €11,502,070 | €11,502,070 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,661,457 | €5,077,824 | +€2.4m | +90.8% |
| Current portion of amounts payable after more than one year | 42 | €775,697 | €278,161 | -€497,536 | -64.1% |
| Financial debts | 43 | €50,000 | €23,468 | -€26,532 | -53.1% |
| Credit institutions | 430/8 | €50,000 | €23,468 | -€26,532 | -53.1% |
| Trade debts | 44 | €1,139,993 | €652,076 | -€487,918 | -42.8% |
| Suppliers | 440/4 | €1,139,993 | €652,076 | -€487,918 | -42.8% |
| Taxes, remuneration and social security | 45 | €269,766 | €196,785 | -€72,981 | -27.1% |
| Taxes | 450/3 | €28,089 | €24,906 | -€3,183 | -11.3% |
| Remuneration and social security | 454/9 | €241,677 | €171,880 | -€69,798 | -28.9% |
| Other amounts payable | 47/48 | €426,000 | €3,927,334 | +€3.5m | +821.9% |
| Accrued charges and deferred income | 492/3 | €57,125 | €22,310 | -€34,815 | -60.9% |
| Operating income | 70/76A | €3,118,041 | €3,153,085 | +€35,044 | +1.1% |
| Turnover | 70 | €2,327,000 | €3,140,199 | +€813,199 | +34.9% |
| Other operating income | 74 | €791,041 | €12,886 | -€778,155 | -98.4% |
| Operating charges | 60/66A | €2,795,770 | €2,883,121 | +€87,351 | +3.1% |
| Services and other goods | 61 | €1,802,956 | €1,696,482 | -€106,475 | -5.9% |
| Remuneration, social security and pensions | 62 | €856,715 | €1,028,201 | +€171,486 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,052 | €145,874 | +€11,822 | +8.8% |
| Other operating charges | 640/8 | €1,108 | €11,778 | +€10,670 | +963.0% |
| Non-recurring operating charges | 66A | €940 | €787 | -€153 | -16.2% |
| Operating profit (loss) | 9901 | €322,271 | €269,964 | -€52,307 | -16.2% |
| Financial income | 75/76B | €36,771 | €70,452 | +€33,681 | +91.6% |
| Recurring financial income | 75 | €36,771 | €70,452 | +€33,681 | +91.6% |
| Income from financial fixed assets | 750 | €31,000 | €66,000 | +€35,000 | +112.9% |
| Income from current assets | 751 | €4,694 | €4,264 | -€430 | -9.2% |
| Other financial income | 752/9 | €1,077 | €188 | -€888 | -82.5% |
| Financial charges | 65/66B | €654,795 | €596,691 | -€58,104 | -8.9% |
| Recurring financial charges | 65 | €654,795 | €596,691 | -€58,104 | -8.9% |
| Debt charges | 650 | €652,008 | €594,327 | -€57,681 | -8.8% |
| Other financial charges | 652/9 | €2,787 | €2,364 | -€423 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€295,753 | -€256,275 | +€39,478 | +13.3% |
| Income taxes | 67/77 | €1,734 | €2,279 | +€546 | +31.5% |
| Taxes | 670/3 | €1,734 | €2,279 | +€546 | +31.5% |
| Profit (loss) for the period | 9904 | -€297,487 | -€258,554 | +€38,933 | +13.1% |
| Transfer from tax-exempt reserves | 789 | €103,145 | €0 | -€103,145 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,342 | -€258,554 | -€64,212 | -33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.