DE MARE PIET: 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 MARE PIET
Largest movements
- Current investments +€413,636
up €413,636 (+185.7%), from €222,764 to €636,400
- Cash -€295,476
down €295,476 (-62.5%), from €472,666 to €177,190
mainly Current investments (-€413,636) and Contributions, distributions and other (-€319,064)
- Tangible fixed assets +€30,407
up €30,407 (+60.1%), from €50,606 to €81,013
of which Furniture and vehicles: +€40,581
- Receivables within one year -€13,143
down €13,143 (-21.2%), from €61,947 to €48,805
of which Trade receivables: -€13,143
- Other debts +€314,447
up €314,447 (+2433.6%), from €12,921 to €327,368
- Reserves -€181,148
down €181,148 (-23.9%), from €758,136 to €576,988
of which Distributable reserves: -€181,148
- Tax, wage and social debts +€11,694
up €11,694 (+40.6%), from €28,808 to €40,502
- Trade debts -€10,008
down €10,008 (-55.8%), from €17,922 to €7,914
- Gross operating margin +€28,003
up €28,003 (+13.8%), from €202,888 to €230,892
- Depreciation +€8,855
up €8,855 (+40.2%), from €22,022 to €30,877
- Financial income -€7,009
down €7,009 (-48.7%), from €14,388 to €7,379
- Taxes +€2,884
up €2,884 (+4.7%), from €61,880 to €64,764
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 | €837,802 | €972,204 | +€134,402 | +16.0% |
| Fixed assets | 21/28 | €50,876 | €81,013 | +€30,137 | +59.2% |
| Tangible fixed assets | 22/27 | €50,606 | €81,013 | +€30,407 | +60.1% |
| Land and buildings | 22 | €38,165 | €28,624 | -€9,541 | -25.0% |
| Plant, machinery and equipment | 23 | €360 | €83 | -€277 | -77.0% |
| Furniture and vehicles | 24 | €9,981 | €50,561 | +€40,581 | +406.6% |
| Other tangible fixed assets | 26 | €2,101 | €1,745 | -€355 | -16.9% |
| Financial fixed assets | 28 | €270 | €0 | -€270 | -100.0% |
| Current assets | 29/58 | €786,926 | €891,191 | +€104,265 | +13.2% |
| Stocks and contracts in progress | 3 | €28,790 | €27,515 | -€1,275 | -4.4% |
| Stocks | 30/36 | €28,790 | €27,515 | -€1,275 | -4.4% |
| Amounts receivable within one year | 40/41 | €61,947 | €48,805 | -€13,143 | -21.2% |
| Trade receivables | 40 | €61,947 | €48,805 | -€13,143 | -21.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €222,764 | €636,400 | +€413,636 | +185.7% |
| Cash at bank and in hand | 54/58 | €472,666 | €177,190 | -€295,476 | -62.5% |
| Deferred charges and accrued income | 490/1 | €759 | €1,282 | +€523 | +68.9% |
| Total equity and liabilities | 10/49 | €837,802 | €972,204 | +€134,402 | +16.0% |
| Equity | 10/15 | €776,736 | €595,588 | -€181,148 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €758,136 | €576,988 | -€181,148 | -23.9% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €757,136 | €575,988 | -€181,148 | -23.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €61,066 | €376,616 | +€315,550 | +516.7% |
| Amounts payable within one year | 42/48 | €59,651 | €375,784 | +€316,133 | +530.0% |
| Trade debts | 44 | €17,922 | €7,914 | -€10,008 | -55.8% |
| Suppliers | 440/4 | €17,922 | €7,914 | -€10,008 | -55.8% |
| Taxes, remuneration and social security | 45 | €28,808 | €40,502 | +€11,694 | +40.6% |
| Taxes | 450/3 | €28,808 | €40,502 | +€11,694 | +40.6% |
| Other amounts payable | 47/48 | €12,921 | €327,368 | +€314,447 | +2433.6% |
| Accrued charges and deferred income | 492/3 | €1,415 | €832 | -€583 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,022 | €30,877 | +€8,855 | +40.2% |
| Other operating charges | 640/8 | €4,174 | €3,273 | -€901 | -21.6% |
| Gross operating margin | 9900 | €202,888 | €230,892 | +€28,003 | +13.8% |
| Operating profit (loss) | 9901 | €176,693 | €196,742 | +€20,049 | +11.3% |
| Financial income | 75/76B | €14,388 | €7,379 | -€7,009 | -48.7% |
| Recurring financial income | 75 | €14,388 | €7,379 | -€7,009 | -48.7% |
| Financial charges | 65/66B | €1,901 | €1,440 | -€461 | -24.2% |
| Recurring financial charges | 65 | €1,901 | €1,440 | -€461 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €189,180 | €202,680 | +€13,501 | +7.1% |
| Income taxes | 67/77 | €61,880 | €64,764 | +€2,884 | +4.7% |
| Profit (loss) for the period | 9904 | €127,299 | €137,917 | +€10,617 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €127,299 | €137,917 | +€10,617 | +8.3% |
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.