DE MAN PIETER: what changed
DE MAN PIETER
Largest movements
- Tangible fixed assets +€117,238
up €117,238 (+69.3%), from €169,121 to €286,359
of which Furniture and vehicles: +€122,063
- Cash +€25,343
up €25,343 (+108%), from €23,408 to €48,751
mainly Debts after one year (+€91,580) and Trade debts (+€58,799)
- Stocks and contracts +€20,951
up €20,951 (+45.8%), from €45,708 to €66,659
- Receivables within one year +€16,770
up €16,770 (+125%), from €13,423 to €30,193
of which Trade receivables: +€17,576
- Debts after one year +€91,580
up €91,580 (+479%), from €19,121 to €110,701
- Trade debts +€58,799
up €58,799 (+204%), from €28,816 to €87,615
- Other debts +€15,573
up €15,573 (+25.4%), from €61,396 to €76,969
- Current portion of long-term debt +€8,985
up €8,985 (+22.2%), from €40,531 to €49,516
- Profit (loss) carried forward +€5,087
up €5,087 (+6.0%), from €84,843 to €89,930
- Gross operating margin +€15,256
up €15,256 (+50.8%), from €30,009 to €45,265
- Depreciation +€13,258
up €13,258 (+63.2%), from €20,990 to €34,248
- Taxes -€2,516
down €2,516 (-95.8%), from €2,627 to €111
- Financial charges +€1,930
up €1,930 (+165%), from €1,172 to €3,102
- Other operating charges +€865
up €865 (+46.7%), from €1,854 to €2,719
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,660 | €431,962 | +€180,302 | +71.6% |
| Fixed assets | 21/28 | €169,121 | €286,359 | +€117,238 | +69.3% |
| Tangible fixed assets | 22/27 | €169,121 | €286,359 | +€117,238 | +69.3% |
| Plant, machinery and equipment | 23 | €58,913 | €54,088 | -€4,825 | -8.2% |
| Furniture and vehicles | 24 | €110,208 | €232,271 | +€122,063 | +111% |
| Current assets | 29/58 | €82,539 | €145,603 | +€63,064 | +76.4% |
| Stocks and contracts in progress | 3 | €45,708 | €66,659 | +€20,951 | +45.8% |
| Stocks | 30/36 | €45,708 | €66,659 | +€20,951 | +45.8% |
| Amounts receivable within one year | 40/41 | €13,423 | €30,193 | +€16,770 | +125% |
| Trade receivables | 40 | €12,606 | €30,182 | +€17,576 | +139% |
| Other amounts receivable | 41 | €817 | €11 | -€806 | -98.7% |
| Cash at bank and in hand | 54/58 | €23,408 | €48,751 | +€25,343 | +108% |
| Total equity and liabilities | 10/49 | €251,660 | €431,962 | +€180,302 | +71.6% |
| Equity | 10/15 | €92,899 | €97,986 | +€5,087 | +5.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,843 | €89,930 | +€5,087 | +6.0% |
| Amounts payable | 17/49 | €158,761 | €333,976 | +€175,215 | +110% |
| Amounts payable after more than one year | 17 | €19,121 | €110,701 | +€91,580 | +479% |
| Financial debts | 170/4 | €19,121 | €110,701 | +€91,580 | +479% |
| Amounts payable within one year | 42/48 | €139,640 | €223,275 | +€83,635 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €40,531 | €49,516 | +€8,985 | +22.2% |
| Trade debts | 44 | €28,816 | €87,615 | +€58,799 | +204% |
| Suppliers | 440/4 | €28,816 | €87,615 | +€58,799 | +204% |
| Taxes, remuneration and social security | 45 | €8,897 | €9,175 | +€278 | +3.1% |
| Taxes | 450/3 | €8,897 | €9,175 | +€278 | +3.1% |
| Other amounts payable | 47/48 | €61,396 | €76,969 | +€15,573 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,990 | €34,248 | +€13,258 | +63.2% |
| Other operating charges | 640/8 | €1,854 | €2,719 | +€865 | +46.7% |
| Gross operating margin | 9900 | €30,009 | €45,265 | +€15,256 | +50.8% |
| Operating profit (loss) | 9901 | €7,165 | €8,298 | +€1,133 | +15.8% |
| Financial income | 75/76B | €1 | €2 | +€1 | +100% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +100% |
| Financial charges | 65/66B | €1,172 | €3,102 | +€1,930 | +165% |
| Recurring financial charges | 65 | €1,172 | €3,102 | +€1,930 | +165% |
| Profit (loss) for the period before taxes | 9903 | €5,994 | €5,198 | -€796 | -13.3% |
| Income taxes | 67/77 | €2,627 | €111 | -€2,516 | -95.8% |
| Profit (loss) for the period | 9904 | €3,367 | €5,087 | +€1,720 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,367 | €5,087 | +€1,720 | +51.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.