DE DONCKER D.: 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 DONCKER D.
Largest movements
- Current investments +€468,465
up €468,465 (+402%), from €116,660 to €585,125
- Cash -€390,183
down €390,183 (-81.5%), from €478,477 to €88,294
mainly Current investments (-€468,465) and Receivables within one year (-€51,994)
- Receivables within one year +€51,994
up €51,994 (+345%), from €15,081 to €67,075
of which Trade receivables: +€47,701
- Deferred charges and accrued income -€40,515
down €40,515 (-97.5%), from €41,556 to €1,041
- Reserves +€60,444
up €60,444 (+9.5%), from €637,295 to €697,740
- Accrued charges and deferred income +€19,067
new in 2025: €19,067
- Gross operating margin -€21,089
down €21,089 (-21.3%), from €98,834 to €77,745
- Taxes -€4,009
down €4,009 (-13.4%), from €29,830 to €25,822
- Financial income +€3,564
up €3,564 (+41.2%), from €8,652 to €12,216
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 | €661,662 | €749,384 | +€87,721 | +13.3% |
| Fixed assets | 21/28 | €9,888 | €7,849 | -€2,039 | -20.6% |
| Tangible fixed assets | 22/27 | €9,888 | €7,849 | -€2,039 | -20.6% |
| Land and buildings | 22 | €7,793 | €6,818 | -€975 | -12.5% |
| Furniture and vehicles | 24 | €2,095 | €1,031 | -€1,064 | -50.8% |
| Current assets | 29/58 | €651,774 | €741,535 | +€89,761 | +13.8% |
| Amounts receivable within one year | 40/41 | €15,081 | €67,075 | +€51,994 | +345% |
| Trade receivables | 40 | €13,787 | €61,488 | +€47,701 | +346% |
| Other amounts receivable | 41 | €1,294 | €5,587 | +€4,293 | +332% |
| Current investments | 50/53 | €116,660 | €585,125 | +€468,465 | +402% |
| Cash at bank and in hand | 54/58 | €478,477 | €88,294 | -€390,183 | -81.5% |
| Deferred charges and accrued income | 490/1 | €41,556 | €1,041 | -€40,515 | -97.5% |
| Total equity and liabilities | 10/49 | €661,662 | €749,384 | +€87,721 | +13.3% |
| Equity | 10/15 | €649,695 | €710,140 | +€60,444 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €637,295 | €697,740 | +€60,444 | +9.5% |
| Distributable reserves | 133 | €637,295 | €697,740 | +€60,444 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,967 | €39,244 | +€27,277 | +228% |
| Amounts payable within one year | 42/48 | €11,967 | €20,177 | +€8,210 | +68.6% |
| Trade debts | 44 | €1,757 | €1,217 | -€540 | -30.7% |
| Suppliers | 440/4 | €1,757 | €1,217 | -€540 | -30.7% |
| Taxes, remuneration and social security | 45 | €10,209 | €15,609 | +€5,400 | +52.9% |
| Taxes | 450/3 | €8,269 | €13,669 | +€5,400 | +65.3% |
| Remuneration and social security | 454/9 | €1,940 | €1,940 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €3,351 | +€3,351 | |
| Accrued charges and deferred income | 492/3 | - | €19,067 | +€19,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €2,039 | -€258 | -11.2% |
| Other operating charges | 640/8 | €821 | €529 | -€293 | -35.6% |
| Gross operating margin | 9900 | €98,834 | €77,745 | -€21,089 | -21.3% |
| Operating profit (loss) | 9901 | €95,715 | €75,177 | -€20,538 | -21.5% |
| Financial income | 75/76B | €8,652 | €12,216 | +€3,564 | +41.2% |
| Recurring financial income | 75 | €8,652 | €12,216 | +€3,564 | +41.2% |
| Financial charges | 65/66B | €1,533 | €1,127 | -€405 | -26.4% |
| Recurring financial charges | 65 | €1,533 | €526 | -€1,007 | -65.7% |
| Non-recurring financial charges | 66B | - | €602 | +€602 | |
| Profit (loss) for the period before taxes | 9903 | €102,835 | €86,266 | -€16,569 | -16.1% |
| Income taxes | 67/77 | €29,830 | €25,822 | -€4,009 | -13.4% |
| Profit (loss) for the period | 9904 | €73,005 | €60,444 | -€12,560 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,005 | €60,444 | -€12,560 | -17.2% |
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 14 October 2026 via checked.be.