DE BUCK: 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.
DE BUCK
Largest movements
- Cash +€250,953
new in 2025: €250,953
mainly Net result for the year (+€184,885) and Investment in fixed assets (net) (+€25,971)
- Tangible fixed assets -€25,971
down €25,971 (-100.0%), from €25,971 to €0
of which Land and buildings: -€25,471
- Current investments -€12,164
down €12,164 (-10.8%), from €112,164 to €100,000
- Reserves +€184,885
up €184,885 (+76.4%), from €241,926 to €426,811
of which Distributable reserves: +€184,885
- Tax, wage and social debts +€24,112
up €24,112, from €0 to €24,112
- Trade debts +€8,410
new in 2025: €8,410
- Gross operating margin +€270,135
up €270,135, from -€1,893 to €268,242
- Taxes +€86,112
up €86,112, from €0 to €86,112
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,928 | €521,462 | +€217,534 | +71.6% |
| Fixed assets | 21/28 | €25,971 | €0 | -€25,971 | -100.0% |
| Tangible fixed assets | 22/27 | €25,971 | €0 | -€25,971 | -100.0% |
| Land and buildings | 22 | €25,471 | €0 | -€25,471 | -100.0% |
| Plant, machinery and equipment | 23 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €277,957 | €521,462 | +€243,505 | +87.6% |
| Amounts receivable after more than one year | 29 | €165,770 | €170,509 | +€4,739 | +2.9% |
| Other amounts receivable | 291 | €165,770 | €170,509 | +€4,739 | +2.9% |
| Amounts receivable within one year | 40/41 | €23 | €0 | -€23 | -100.0% |
| Other amounts receivable | 41 | €23 | €0 | -€23 | -100.0% |
| Current investments | 50/53 | €112,164 | €100,000 | -€12,164 | -10.8% |
| Cash at bank and in hand | 54/58 | - | €250,953 | +€250,953 | |
| Total equity and liabilities | 10/49 | €303,928 | €521,462 | +€217,534 | +71.6% |
| Equity | 10/15 | €303,928 | €488,813 | +€184,885 | +60.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €241,926 | €426,811 | +€184,885 | +76.4% |
| Non-distributable reserves | 130/1 | €106,197 | €106,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Own shares acquired | 1312 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €135,729 | €320,614 | +€184,885 | +136.2% |
| Profit (loss) carried forward | 14 | €28 | €28 | = | 0.0% |
| Amounts payable | 17/49 | €0 | €32,650 | +€32,650 | |
| Amounts payable within one year | 42/48 | €0 | €32,522 | +€32,522 | |
| Trade debts | 44 | - | €8,410 | +€8,410 | |
| Suppliers | 440/4 | - | €8,410 | +€8,410 | |
| Taxes, remuneration and social security | 45 | €0 | €24,112 | +€24,112 | |
| Taxes | 450/3 | €0 | €24,112 | +€24,112 | |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Non-recurring operating income | 76A | - | €289,029 | +€289,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €0 | -€1,300 | -100.0% |
| Other operating charges | 640/8 | €1,919 | €1,860 | -€59 | -3.1% |
| Gross operating margin | 9900 | -€1,893 | €268,242 | +€270,135 | |
| Operating profit (loss) | 9901 | -€5,112 | €266,382 | +€271,494 | |
| Financial income | 75/76B | €4,644 | €4,692 | +€48 | +1.0% |
| Recurring financial income | 75 | €4,644 | €4,692 | +€48 | +1.0% |
| Financial charges | 65/66B | €35 | €77 | +€42 | +122.7% |
| Recurring financial charges | 65 | €35 | €77 | +€42 | +122.7% |
| Profit (loss) for the period before taxes | 9903 | -€502 | €270,997 | +€271,499 | |
| Income taxes | 67/77 | €0 | €86,112 | +€86,112 | |
| Profit (loss) for the period | 9904 | -€502 | €184,885 | +€185,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€502 | €184,885 | +€185,387 |
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 6 October 2026 via checked.be.