DE MAERE: 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 MAERE
Largest movements
- Receivables within one year +€12,733
up €12,733 (+112.3%), from €11,341 to €24,073
of which Trade receivables: +€13,013
- Tangible fixed assets -€11,955
down €11,955 (-46.1%), from €25,938 to €13,983
of which Furniture and vehicles: -€9,741
- Cash -€7,539
down €7,539 (-28.6%), from €26,316 to €18,777
mainly Receivables within one year (-€12,733) and Debts after one year (-€8,527)
- Debts after one year -€8,527
down €8,527 (-92.3%), from €9,241 to €714
- Depreciation -€3,882
down €3,882 (-23.4%), from €16,555 to €12,673
- Taxes +€3,821
up €3,821 (+1318.8%), from €290 to €4,111
- Other operating charges +€1,452
up €1,452 (+104.1%), from €1,395 to €2,846
- Financial charges +€920
up €920 (+185.0%), from €497 to €1,417
- Financial income +€871
up €871 (+41.2%), from €2,114 to €2,986
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.
Cash bridge derived
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 | €162,191 | €154,508 | -€7,683 | -4.7% |
| Fixed assets | 21/28 | €76,963 | €64,008 | -€12,955 | -16.8% |
| Tangible fixed assets | 22/27 | €25,938 | €13,983 | -€11,955 | -46.1% |
| Land and buildings | 22 | €3,721 | €2,886 | -€835 | -22.4% |
| Plant, machinery and equipment | 23 | €1,379 | - | -€1,379 | |
| Furniture and vehicles | 24 | €20,838 | €11,097 | -€9,741 | -46.7% |
| Financial fixed assets | 28 | €51,025 | €50,025 | -€1,000 | -2.0% |
| Current assets | 29/58 | €85,228 | €90,500 | +€5,272 | +6.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,650 | €10,650 | = | 0.0% |
| Contracts in progress | 37 | €10,650 | €10,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,341 | €24,073 | +€12,733 | +112.3% |
| Trade receivables | 40 | €3,154 | €16,168 | +€13,013 | +412.5% |
| Other amounts receivable | 41 | €8,186 | €7,906 | -€281 | -3.4% |
| Current investments | 50/53 | €11,922 | €12,000 | +€78 | +0.7% |
| Cash at bank and in hand | 54/58 | €26,316 | €18,777 | -€7,539 | -28.6% |
| Total equity and liabilities | 10/49 | €162,191 | €154,508 | -€7,683 | -4.7% |
| Equity | 10/15 | €142,380 | €142,943 | +€563 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,680 | €122,243 | +€563 | +0.5% |
| Amounts payable | 17/49 | €19,811 | €11,565 | -€8,246 | -41.6% |
| Amounts payable after more than one year | 17 | €9,241 | €714 | -€8,527 | -92.3% |
| Financial debts | 170/4 | €9,241 | €714 | -€8,527 | -92.3% |
| Amounts payable within one year | 42/48 | €10,570 | €10,851 | +€281 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €8,454 | €8,527 | +€73 | +0.9% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €1,329 | €1,470 | +€141 | +10.6% |
| Suppliers | 440/4 | €1,329 | €1,470 | +€141 | +10.6% |
| Taxes, remuneration and social security | 45 | €780 | €853 | +€74 | +9.5% |
| Taxes | 450/3 | €780 | €853 | +€74 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,555 | €12,673 | -€3,882 | -23.4% |
| Other operating charges | 640/8 | €1,395 | €2,846 | +€1,452 | +104.1% |
| Gross operating margin | 9900 | €20,905 | €21,398 | +€493 | +2.4% |
| Operating profit (loss) | 9901 | €2,956 | €5,879 | +€2,923 | +98.9% |
| Financial income | 75/76B | €2,114 | €2,986 | +€871 | +41.2% |
| Recurring financial income | 75 | €2,114 | €2,986 | +€871 | +41.2% |
| Financial charges | 65/66B | €497 | €1,417 | +€920 | +185.0% |
| Recurring financial charges | 65 | €497 | €1,417 | +€920 | +185.0% |
| Profit (loss) for the period before taxes | 9903 | €4,573 | €7,447 | +€2,875 | +62.9% |
| Income taxes | 67/77 | €290 | €4,111 | +€3,821 | +1318.8% |
| Profit (loss) for the period | 9904 | €4,283 | €3,337 | -€947 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,283 | €3,337 | -€947 | -22.1% |
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 11 October 2026 via checked.be.