De Dobbeleer & de Geeter: 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 Dobbeleer & de Geeter
Largest movements
- Cash +€105,141
up €105,141 (+32.0%), from €329,078 to €434,220
mainly Other debts (+€395,421) and Net result for the year (+€185,059)
- Current investments +€75,799
up €75,799 (+11.2%), from €677,941 to €753,740
- Receivables within one year -€59,226
down €59,226 (-100%), from €59,226 to €0
of which Trade receivables: -€32,227
- Deferred charges and accrued income -€48,092
down €48,092 (-21.0%), from €229,143 to €181,051
- Other debts +€395,421
new in 2025: €395,421
- Reserves -€282,340
down €282,340 (-24.4%), from €1.2m to €874,580
- Trade debts -€32,117
down €32,117 (-50.5%), from €63,645 to €31,528
- Tax, wage and social debts -€16,445
down €16,445 (-13.6%), from €120,978 to €104,533
of which Taxes: -€16,557
- Gross operating margin -€98,220
down €98,220 (-25.5%), from €384,829 to €286,609
- Financial income -€40,127
down €40,127 (-88.8%), from €45,188 to €5,062
- Taxes -€39,649
down €39,649 (-32.6%), from €121,539 to €81,890
- Depreciation +€6,838
up €6,838 (+46.2%), from €14,788 to €21,626
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 | €1,348,803 | €1,413,331 | +€64,528 | +4.8% |
| Fixed assets | 21/28 | €53,416 | €44,321 | -€9,095 | -17.0% |
| Tangible fixed assets | 22/27 | €53,416 | €44,321 | -€9,095 | -17.0% |
| Plant, machinery and equipment | 23 | €1,908 | €1,330 | -€579 | -30.3% |
| Furniture and vehicles | 24 | €50,666 | €38,806 | -€11,860 | -23.4% |
| Other tangible fixed assets | 26 | €841 | €4,185 | +€3,344 | +398% |
| Current assets | 29/58 | €1,295,387 | €1,369,011 | +€73,623 | +5.7% |
| Amounts receivable within one year | 40/41 | €59,226 | €0 | -€59,226 | -100% |
| Trade receivables | 40 | €32,227 | €0 | -€32,227 | -100% |
| Other amounts receivable | 41 | €26,999 | €0 | -€26,999 | -100% |
| Current investments | 50/53 | €677,941 | €753,740 | +€75,799 | +11.2% |
| Cash at bank and in hand | 54/58 | €329,078 | €434,220 | +€105,141 | +32.0% |
| Deferred charges and accrued income | 490/1 | €229,143 | €181,051 | -€48,092 | -21.0% |
| Total equity and liabilities | 10/49 | €1,348,803 | €1,413,331 | +€64,528 | +4.8% |
| Equity | 10/15 | €1,164,180 | €881,849 | -€282,331 | -24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,156,920 | €874,580 | -€282,340 | -24.4% |
| Distributable reserves | 133 | €1,156,920 | €874,580 | -€282,340 | -24.4% |
| Profit (loss) carried forward | 14 | €1,060 | €1,069 | +€9 | +0.8% |
| Amounts payable | 17/49 | €184,623 | €531,482 | +€346,859 | +188% |
| Amounts payable within one year | 42/48 | €184,623 | €531,482 | +€346,859 | +188% |
| Trade debts | 44 | €63,645 | €31,528 | -€32,117 | -50.5% |
| Suppliers | 440/4 | €63,645 | €31,528 | -€32,117 | -50.5% |
| Taxes, remuneration and social security | 45 | €120,978 | €104,533 | -€16,445 | -13.6% |
| Taxes | 450/3 | €105,609 | €89,052 | -€16,557 | -15.7% |
| Remuneration and social security | 454/9 | €15,369 | €15,481 | +€112 | +0.7% |
| Other amounts payable | 47/48 | - | €395,421 | +€395,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,788 | €21,626 | +€6,838 | +46.2% |
| Other operating charges | 640/8 | €3,797 | €1,646 | -€2,151 | -56.6% |
| Gross operating margin | 9900 | €384,829 | €286,609 | -€98,220 | -25.5% |
| Operating profit (loss) | 9901 | €366,244 | €263,337 | -€102,908 | -28.1% |
| Financial income | 75/76B | €45,188 | €5,062 | -€40,127 | -88.8% |
| Recurring financial income | 75 | €45,188 | €5,062 | -€40,127 | -88.8% |
| Financial charges | 65/66B | €1,613 | €1,450 | -€163 | -10.1% |
| Recurring financial charges | 65 | €1,613 | €1,450 | -€163 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €409,820 | €266,949 | -€142,871 | -34.9% |
| Income taxes | 67/77 | €121,539 | €81,890 | -€39,649 | -32.6% |
| Profit (loss) for the period | 9904 | €288,281 | €185,059 | -€103,222 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €288,281 | €185,059 | -€103,222 | -35.8% |
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 31 October 2026 via checked.be.