DE BUYSER: 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 BUYSER
Largest movements
- Cash -€35,552
down €35,552 (-17.2%), from €206,217 to €170,665
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€21,783)
- Receivables within one year +€21,783
up €21,783 (+48.9%), from €44,508 to €66,291
of which Trade receivables: +€21,783
- Tangible fixed assets -€4,872
down €4,872 (-12.5%), from €38,977 to €34,105
- Profit (loss) carried forward -€65,490
down €65,490 (-58.7%), from €111,475 to €45,985
- Trade debts +€43,559
up €43,559 (+802%), from €5,431 to €48,989
- Tax, wage and social debts +€13,496
up €13,496 (+56.8%), from €23,776 to €37,272
of which Taxes: +€14,020
- Short-term financial debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Gross operating margin -€111,649
down €111,649 (-42.4%), from €263,431 to €151,782
- Taxes -€24,870
down €24,870 (-63.2%), from €39,340 to €14,470
- Staff costs -€13,931
down €13,931 (-12.8%), from €108,938 to €95,006
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 | €289,702 | €271,268 | -€18,434 | -6.4% |
| Fixed assets | 21/28 | €38,977 | €34,105 | -€4,872 | -12.5% |
| Tangible fixed assets | 22/27 | €38,977 | €34,105 | -€4,872 | -12.5% |
| Land and buildings | 22 | €38,977 | €34,105 | -€4,872 | -12.5% |
| Current assets | 29/58 | €250,725 | €237,164 | -€13,562 | -5.4% |
| Amounts receivable within one year | 40/41 | €44,508 | €66,291 | +€21,783 | +48.9% |
| Trade receivables | 40 | €44,508 | €66,291 | +€21,783 | +48.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €206,217 | €170,665 | -€35,552 | -17.2% |
| Deferred charges and accrued income | 490/1 | - | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €289,702 | €271,268 | -€18,434 | -6.4% |
| Equity | 10/15 | €150,430 | €84,940 | -€65,490 | -43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,355 | €20,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,605 | €1,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,475 | €45,985 | -€65,490 | -58.7% |
| Amounts payable | 17/49 | €139,273 | €186,328 | +€47,056 | +33.8% |
| Amounts payable within one year | 42/48 | €139,207 | €186,261 | +€47,055 | +33.8% |
| Financial debts | 43 | €10,000 | €0 | -€10,000 | -100% |
| Other loans | 439 | €10,000 | €0 | -€10,000 | -100% |
| Trade debts | 44 | €5,431 | €48,989 | +€43,559 | +802% |
| Suppliers | 440/4 | €5,431 | €48,989 | +€43,559 | +802% |
| Taxes, remuneration and social security | 45 | €23,776 | €37,272 | +€13,496 | +56.8% |
| Taxes | 450/3 | €10,504 | €24,523 | +€14,020 | +133% |
| Remuneration and social security | 454/9 | €13,272 | €12,749 | -€523 | -3.9% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €108,938 | €95,006 | -€13,931 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,872 | €4,872 | = | 0.0% |
| Other operating charges | 640/8 | €887 | €912 | +€25 | +2.8% |
| Gross operating margin | 9900 | €263,431 | €151,782 | -€111,649 | -42.4% |
| Operating profit (loss) | 9901 | €148,733 | €50,991 | -€97,743 | -65.7% |
| Financial income | 75/76B | €2,789 | €1,502 | -€1,286 | -46.1% |
| Recurring financial income | 75 | €2,789 | €1,502 | -€1,286 | -46.1% |
| Financial charges | 65/66B | €3,542 | €3,513 | -€30 | -0.8% |
| Recurring financial charges | 65 | €3,542 | €3,513 | -€30 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €147,979 | €48,980 | -€98,999 | -66.9% |
| Income taxes | 67/77 | €39,340 | €14,470 | -€24,870 | -63.2% |
| Profit (loss) for the period | 9904 | €108,639 | €34,510 | -€74,129 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,639 | €34,510 | -€74,129 | -68.2% |
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 24 October 2026 via checked.be.