DE MARKT: what changed
Two fiscal 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 MARKT
Largest movements
- Receivables within one year -€161,748
down €161,748 (-43.8%), from €369,363 to €207,615
of which Other amounts receivable: -€144,997
- Tangible fixed assets -€96,543
down €96,543 (-18.0%), from €536,122 to €439,579
of which Plant, machinery and equipment: -€84,353
- Cash +€32,949
up €32,949 (+12.0%), from €274,396 to €307,345
mainly Receivables within one year (+€161,748) and Depreciation (+€111,005)
- Deferred charges and accrued income -€22,198
down €22,198 (-78.4%), from €28,330 to €6,132
- Other debts -€342,502
down €342,502 (-83.5%), from €410,209 to €67,707
- Reserves +€108,378
up €108,378 (+685.0%), from €15,821 to €124,199
of which Distributable reserves: +€108,378
- Trade debts +€86,864
up €86,864 (+45.3%), from €191,923 to €278,786
- Debts after one year -€59,747
down €59,747 (-50.6%), from €118,025 to €58,279
- Current portion of long-term debt -€48,607
down €48,607 (-39.9%), from €121,854 to €73,247
- Gross operating margin -€253,355
down €253,355 (-13.3%), from €1.9m to €1.7m
- Staff costs -€89,645
down €89,645 (-6.4%), from €1.4m to €1.3m
- Other operating charges +€42,377
up €42,377 (+619.5%), from €6,841 to €49,218
- Provisions -€40,000
down €40,000, from €20,000 to -€20,000
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 | €1,258,259 | €1,012,543 | -€245,716 | -19.5% |
| Fixed assets | 21/28 | €537,322 | €440,779 | -€96,543 | -18.0% |
| Tangible fixed assets | 22/27 | €536,122 | €439,579 | -€96,543 | -18.0% |
| Plant, machinery and equipment | 23 | €511,596 | €427,243 | -€84,353 | -16.5% |
| Furniture and vehicles | 24 | €24,527 | €12,336 | -€12,190 | -49.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €720,936 | €571,764 | -€149,173 | -20.7% |
| Stocks and contracts in progress | 3 | €48,847 | €50,671 | +€1,824 | +3.7% |
| Stocks | 30/36 | €48,847 | €50,671 | +€1,824 | +3.7% |
| Amounts receivable within one year | 40/41 | €369,363 | €207,615 | -€161,748 | -43.8% |
| Trade receivables | 40 | €44,027 | €27,276 | -€16,752 | -38.0% |
| Other amounts receivable | 41 | €325,336 | €180,339 | -€144,997 | -44.6% |
| Cash at bank and in hand | 54/58 | €274,396 | €307,345 | +€32,949 | +12.0% |
| Deferred charges and accrued income | 490/1 | €28,330 | €6,132 | -€22,198 | -78.4% |
| Total equity and liabilities | 10/49 | €1,258,259 | €1,012,543 | -€245,716 | -19.5% |
| Equity | 10/15 | €114,978 | €223,356 | +€108,378 | +94.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €15,821 | €124,199 | +€108,378 | +685.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €5,905 | €114,283 | +€108,378 | +1835.4% |
| Provisions and deferred taxes | 16 | €20,000 | - | -€20,000 | |
| Provisions for liabilities and charges | 160/5 | €20,000 | - | -€20,000 | |
| Environmental obligations | 163 | €20,000 | - | -€20,000 | |
| Amounts payable | 17/49 | €1,123,281 | €789,187 | -€334,094 | -29.7% |
| Amounts payable after more than one year | 17 | €118,025 | €58,279 | -€59,747 | -50.6% |
| Financial debts | 170/4 | €118,025 | €58,279 | -€59,747 | -50.6% |
| Amounts payable within one year | 42/48 | €1,004,546 | €730,376 | -€274,171 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €121,854 | €73,247 | -€48,607 | -39.9% |
| Financial debts | 43 | - | €39,416 | +€39,416 | |
| Other loans | 439 | - | €39,416 | +€39,416 | |
| Trade debts | 44 | €191,923 | €278,786 | +€86,864 | +45.3% |
| Suppliers | 440/4 | €191,923 | €278,786 | +€86,864 | +45.3% |
| Taxes, remuneration and social security | 45 | €280,561 | €271,220 | -€9,341 | -3.3% |
| Taxes | 450/3 | €106,475 | €115,183 | +€8,708 | +8.2% |
| Remuneration and social security | 454/9 | €174,086 | €156,037 | -€18,049 | -10.4% |
| Other amounts payable | 47/48 | €410,209 | €67,707 | -€342,502 | -83.5% |
| Accrued charges and deferred income | 492/3 | €709 | €532 | -€177 | -24.9% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €1,392,649 | €1,303,004 | -€89,645 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,977 | €111,005 | -€6,972 | -5.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,000 | -€20,000 | -€40,000 | |
| Other operating charges | 640/8 | €6,841 | €49,218 | +€42,377 | +619.5% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €1,904,097 | €1,650,742 | -€253,355 | -13.3% |
| Operating profit (loss) | 9901 | €366,630 | €177,515 | -€189,115 | -51.6% |
| Financial income | 75/76B | €8,782 | €6,186 | -€2,596 | -29.6% |
| Recurring financial income | 75 | €8,372 | €6,186 | -€2,186 | -26.1% |
| Non-recurring financial income | 76B | €410 | - | -€410 | |
| Financial charges | 65/66B | €22,889 | €32,630 | +€9,741 | +42.6% |
| Recurring financial charges | 65 | €22,889 | €32,630 | +€9,741 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €352,523 | €151,071 | -€201,452 | -57.1% |
| Income taxes | 67/77 | €55,337 | €42,693 | -€12,643 | -22.8% |
| Profit (loss) for the period | 9904 | €297,187 | €108,378 | -€188,809 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €297,187 | €108,378 | -€188,809 | -63.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.