DE CUBBER MICHAEL: 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 CUBBER MICHAEL
Largest movements
- Cash -€89,662
down €89,662 (-45.6%), from €196,456 to €106,795
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€98,061)
- Tangible fixed assets +€39,293
up €39,293 (+7.3%), from €541,731 to €581,024
of which Plant, machinery and equipment: +€82,310
- Debts after one year -€44,401
down €44,401 (-9.7%), from €455,924 to €411,523
- Profit (loss) carried forward -€33,321
down €33,321 (-18.5%), from €180,232 to €146,911
- Other debts +€20,167
up €20,167 (+124.6%), from €16,186 to €36,353
- Trade debts +€19,753
up €19,753 (+154.2%), from €12,807 to €32,561
- Gross operating margin -€128,699
down €128,699 (-35.3%), from €365,009 to €236,310
- Taxes -€39,963
down €39,963 (-65.1%), from €61,383 to €21,420
- Staff costs +€28,133
new in 2024: €28,133
- Financial charges -€7,448
down €7,448 (-11.5%), from €64,573 to €57,125
- Depreciation +€4,002
up €4,002 (+7.3%), from €54,766 to €58,768
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €805,188 | €757,692 | -€47,496 | -5.9% |
| Fixed assets | 21/28 | €541,731 | €581,024 | +€39,293 | +7.3% |
| Tangible fixed assets | 22/27 | €541,731 | €581,024 | +€39,293 | +7.3% |
| Land and buildings | 22 | €286,203 | €275,534 | -€10,670 | -3.7% |
| Plant, machinery and equipment | 23 | €627 | €82,936 | +€82,310 | +13135.3% |
| Furniture and vehicles | 24 | €44,635 | €35,659 | -€8,976 | -20.1% |
| Leasing and similar rights | 25 | €210,267 | €186,895 | -€23,371 | -11.1% |
| Current assets | 29/58 | €263,456 | €176,668 | -€86,788 | -32.9% |
| Amounts receivable within one year | 40/41 | - | €580 | +€580 | |
| Other amounts receivable | 41 | - | €580 | +€580 | |
| Cash at bank and in hand | 54/58 | €196,456 | €106,795 | -€89,662 | -45.6% |
| Deferred charges and accrued income | 490/1 | €67,000 | €69,293 | +€2,293 | +3.4% |
| Total equity and liabilities | 10/49 | €805,188 | €757,692 | -€47,496 | -5.9% |
| Equity | 10/15 | €217,332 | €184,011 | -€33,321 | -15.3% |
| Contributions | 10/11 | €37,100 | €37,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,232 | €146,911 | -€33,321 | -18.5% |
| Amounts payable | 17/49 | €587,856 | €573,681 | -€14,175 | -2.4% |
| Amounts payable after more than one year | 17 | €455,924 | €411,523 | -€44,401 | -9.7% |
| Financial debts | 170/4 | €455,924 | €411,523 | -€44,401 | -9.7% |
| Amounts payable within one year | 42/48 | €131,932 | €162,158 | +€30,226 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €53,689 | €48,082 | -€5,607 | -10.4% |
| Trade debts | 44 | €12,807 | €32,561 | +€19,753 | +154.2% |
| Suppliers | 440/4 | €12,807 | €32,561 | +€19,753 | +154.2% |
| Taxes, remuneration and social security | 45 | €49,250 | €45,163 | -€4,088 | -8.3% |
| Taxes | 450/3 | €44,548 | €45,163 | +€615 | +1.4% |
| Remuneration and social security | 454/9 | €4,702 | - | -€4,702 | |
| Other amounts payable | 47/48 | €16,186 | €36,353 | +€20,167 | +124.6% |
| Remuneration, social security and pensions | 62 | - | €28,133 | +€28,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,766 | €58,768 | +€4,002 | +7.3% |
| Other operating charges | 640/8 | €4,056 | €4,185 | +€129 | +3.2% |
| Gross operating margin | 9900 | €365,009 | €236,310 | -€128,699 | -35.3% |
| Operating profit (loss) | 9901 | €306,187 | €145,224 | -€160,963 | -52.6% |
| Financial charges | 65/66B | €64,573 | €57,125 | -€7,448 | -11.5% |
| Recurring financial charges | 65 | €64,573 | €57,125 | -€7,448 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €241,614 | €88,099 | -€153,515 | -63.5% |
| Income taxes | 67/77 | €61,383 | €21,420 | -€39,963 | -65.1% |
| Profit (loss) for the period | 9904 | €180,232 | €66,679 | -€113,552 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €180,232 | €66,679 | -€113,552 | -63.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.