DE CUYPER - OEDELEM: 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 CUYPER - OEDELEM
Largest movements
- Cash +€1.0m
up €1.0m (+248%), from €420,033 to €1.5m
mainly Current investments (+€795,609) and Net result for the year (+€239,918)
- Current investments -€795,609
down €795,609 (-76.4%), from €1.0m to €245,897
- Reserves +€239,918
up €239,918 (+16.4%), from €1.5m to €1.7m
of which Distributable reserves: +€239,918
- Trade debts -€28,712
down €28,712 (-14.7%), from €195,413 to €166,701
- Taxes +€39,859
up €39,859 (+82.7%), from €48,213 to €88,072
- Gross operating margin +€25,608
up €25,608 (+7.1%), from €360,646 to €386,254
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 | €1,702,461 | €1,934,413 | +€231,952 | +13.6% |
| Fixed assets | 21/28 | €21,702 | €8,212 | -€13,490 | -62.2% |
| Tangible fixed assets | 22/27 | €21,702 | €8,212 | -€13,490 | -62.2% |
| Land and buildings | 22 | €1,034 | €910 | -€124 | -12.0% |
| Furniture and vehicles | 24 | €15,918 | €2,552 | -€13,366 | -84.0% |
| Other tangible fixed assets | 26 | €4,750 | €4,750 | = | 0.0% |
| Current assets | 29/58 | €1,680,758 | €1,926,201 | +€245,443 | +14.6% |
| Amounts receivable within one year | 40/41 | €217,713 | €217,713 | = | 0.0% |
| Other amounts receivable | 41 | €217,713 | €217,713 | = | 0.0% |
| Current investments | 50/53 | €1,041,506 | €245,897 | -€795,609 | -76.4% |
| Cash at bank and in hand | 54/58 | €420,033 | €1,460,644 | +€1.0m | +248% |
| Deferred charges and accrued income | 490/1 | €1,507 | €1,946 | +€440 | +29.2% |
| Total equity and liabilities | 10/49 | €1,702,461 | €1,934,413 | +€231,952 | +13.6% |
| Equity | 10/15 | €1,468,526 | €1,708,445 | +€239,918 | +16.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,462,321 | €1,702,239 | +€239,918 | +16.4% |
| Tax-exempt reserves | 132 | €14,687 | €14,687 | = | 0.0% |
| Distributable reserves | 133 | €1,447,634 | €1,687,552 | +€239,918 | +16.6% |
| Amounts payable | 17/49 | €233,934 | €225,968 | -€7,966 | -3.4% |
| Amounts payable within one year | 42/48 | €221,452 | €205,837 | -€15,615 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €16,215 | €30,000 | +€13,785 | +85.0% |
| Trade debts | 44 | €195,413 | €166,701 | -€28,712 | -14.7% |
| Suppliers | 440/4 | €195,413 | €166,701 | -€28,712 | -14.7% |
| Taxes, remuneration and social security | 45 | €9,825 | €9,136 | -€689 | -7.0% |
| Remuneration and social security | 454/9 | €9,825 | €9,136 | -€689 | -7.0% |
| Accrued charges and deferred income | 492/3 | €12,482 | €20,131 | +€7,649 | +61.3% |
| Remuneration, social security and pensions | 62 | €69,557 | €71,057 | +€1,500 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,684 | €16,605 | -€1,078 | -6.1% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €360,646 | €386,254 | +€25,608 | +7.1% |
| Operating profit (loss) | 9901 | €272,311 | €297,465 | +€25,154 | +9.2% |
| Financial income | 75/76B | €32,108 | €31,689 | -€419 | -1.3% |
| Recurring financial income | 75 | €32,108 | €31,689 | -€419 | -1.3% |
| Financial charges | 65/66B | €1,585 | €1,164 | -€421 | -26.5% |
| Recurring financial charges | 65 | €1,585 | €1,164 | -€421 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €302,835 | €327,990 | +€25,155 | +8.3% |
| Income taxes | 67/77 | €48,213 | €88,072 | +€39,859 | +82.7% |
| Profit (loss) for the period | 9904 | €254,622 | €239,918 | -€14,704 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €254,622 | €239,918 | -€14,704 | -5.8% |
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 18 October 2026 via checked.be.