DE BURG: 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 BURG
Largest movements
- Cash -€98,315
down €98,315 (-54.6%), from €180,174 to €81,859
mainly Contributions, distributions and other (-€128,338) and Current investments (-€44,000)
- Current investments +€44,000
up €44,000 (+43.1%), from €102,000 to €146,000
- Tangible fixed assets -€29,565
down €29,565 (-4.7%), from €624,426 to €594,861
- Receivables within one year +€23,637
new in 2025: €23,637
of which Trade receivables: +€16,000
- Other debts +€127,974
up €127,974 (+230.9%), from €55,421 to €183,395
- Reserves -€119,611
down €119,611 (-26.4%), from €452,767 to €333,155
of which Distributable reserves: -€106,873
- Debts after one year -€34,711
down €34,711 (-56.0%), from €62,023 to €27,312
- Current portion of long-term debt -€15,567
down €15,567 (-31.0%), from €50,278 to €34,711
- Trade debts -€15,023
down €15,023 (-97.7%), from €15,373 to €350
- Gross operating margin -€6,791
down €6,791 (-7.7%), from €88,354 to €81,563
- Financial income +€6,173
up €6,173 (+1341.7%), from €460 to €6,633
- Financial charges +€3,761
up €3,761 (+64.0%), from €5,878 to €9,639
- Taxes -€1,930
down €1,930 (-17.1%), from €11,283 to €9,353
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 | €910,727 | €850,497 | -€60,230 | -6.6% |
| Fixed assets | 21/28 | €624,426 | €594,861 | -€29,565 | -4.7% |
| Tangible fixed assets | 22/27 | €624,426 | €594,861 | -€29,565 | -4.7% |
| Land and buildings | 22 | €624,426 | €594,861 | -€29,565 | -4.7% |
| Current assets | 29/58 | €286,301 | €255,637 | -€30,664 | -10.7% |
| Amounts receivable within one year | 40/41 | - | €23,637 | +€23,637 | |
| Trade receivables | 40 | - | €16,000 | +€16,000 | |
| Other amounts receivable | 41 | - | €7,637 | +€7,637 | |
| Current investments | 50/53 | €102,000 | €146,000 | +€44,000 | +43.1% |
| Cash at bank and in hand | 54/58 | €180,174 | €81,859 | -€98,315 | -54.6% |
| Deferred charges and accrued income | 490/1 | €4,127 | €4,141 | +€14 | +0.3% |
| Total equity and liabilities | 10/49 | €910,727 | €850,497 | -€60,230 | -6.6% |
| Equity | 10/15 | €632,325 | €512,714 | -€119,611 | -18.9% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €452,767 | €333,155 | -€119,611 | -26.4% |
| Tax-exempt reserves | 132 | €234,323 | €221,585 | -€12,738 | -5.4% |
| Distributable reserves | 133 | €218,444 | €111,570 | -€106,873 | -48.9% |
| Profit (loss) carried forward | 14 | €39,558 | €39,558 | = | 0.0% |
| Provisions and deferred taxes | 16 | €78,108 | €73,862 | -€4,246 | -5.4% |
| Deferred taxes | 168 | €78,108 | €73,862 | -€4,246 | -5.4% |
| Amounts payable | 17/49 | €200,294 | €263,922 | +€63,628 | +31.8% |
| Amounts payable after more than one year | 17 | €62,023 | €27,312 | -€34,711 | -56.0% |
| Financial debts | 170/4 | €62,023 | €27,312 | -€34,711 | -56.0% |
| Amounts payable within one year | 42/48 | €128,151 | €227,105 | +€98,954 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €50,278 | €34,711 | -€15,567 | -31.0% |
| Trade debts | 44 | €15,373 | €350 | -€15,023 | -97.7% |
| Suppliers | 440/4 | €15,373 | €350 | -€15,023 | -97.7% |
| Taxes, remuneration and social security | 45 | €7,079 | €8,649 | +€1,571 | +22.2% |
| Taxes | 450/3 | €7,079 | €8,649 | +€1,571 | +22.2% |
| Other amounts payable | 47/48 | €55,421 | €183,395 | +€127,974 | +230.9% |
| Accrued charges and deferred income | 492/3 | €10,120 | €9,505 | -€615 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,068 | €55,829 | -€239 | -0.4% |
| Other operating charges | 640/8 | €9,168 | €8,894 | -€274 | -3.0% |
| Gross operating margin | 9900 | €88,354 | €81,563 | -€6,791 | -7.7% |
| Operating profit (loss) | 9901 | €23,118 | €16,840 | -€6,279 | -27.2% |
| Financial income | 75/76B | €460 | €6,633 | +€6,173 | +1341.7% |
| Recurring financial income | 75 | €460 | €6,633 | +€6,173 | +1341.7% |
| Financial charges | 65/66B | €5,878 | €9,639 | +€3,761 | +64.0% |
| Recurring financial charges | 65 | €5,878 | €9,639 | +€3,761 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €17,700 | €13,834 | -€3,866 | -21.8% |
| Transfer from deferred taxes | 780 | €4,246 | €4,246 | = | 0.0% |
| Income taxes | 67/77 | €11,283 | €9,353 | -€1,930 | -17.1% |
| Profit (loss) for the period | 9904 | €10,663 | €8,726 | -€1,937 | -18.2% |
| Transfer from tax-exempt reserves | 789 | €12,738 | €12,738 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,401 | €21,464 | -€1,937 | -8.3% |
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.