DE MOST: 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 MOST
Largest movements
- Receivables within one year +€192,890
up €192,890 (+183.5%), from €105,126 to €298,016
- Cash -€178,874
down €178,874 (-92.1%), from €194,238 to €15,364
mainly Receivables within one year (-€192,890) and Deferred charges and accrued income (-€3,746)
- Reserves +€12,131
up €12,131 (+1.7%), from €728,568 to €740,699
of which Distributable reserves: +€12,131
- Financial income +€2,146
up €2,146 (+17.9%), from €12,010 to €14,157
- Gross operating margin -€1,384
down €1,384 (-10.2%), from €13,536 to €12,152
- Taxes -€464
down €464 (-11.3%), from €4,090 to €3,625
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 | €1,031,901 | €1,042,757 | +€10,856 | +1.1% |
| Fixed assets | 21/28 | €722,345 | €715,439 | -€6,906 | -1.0% |
| Tangible fixed assets | 22/27 | €174,324 | €167,419 | -€6,906 | -4.0% |
| Land and buildings | 22 | €174,324 | €167,419 | -€6,906 | -4.0% |
| Financial fixed assets | 28 | €548,020 | €548,020 | = | 0.0% |
| Current assets | 29/58 | €309,557 | €327,318 | +€17,761 | +5.7% |
| Amounts receivable within one year | 40/41 | €105,126 | €298,016 | +€192,890 | +183.5% |
| Other amounts receivable | 41 | €105,126 | €298,016 | +€192,890 | +183.5% |
| Cash at bank and in hand | 54/58 | €194,238 | €15,364 | -€178,874 | -92.1% |
| Deferred charges and accrued income | 490/1 | €10,193 | €13,939 | +€3,746 | +36.7% |
| Total equity and liabilities | 10/49 | €1,031,901 | €1,042,757 | +€10,856 | +1.1% |
| Equity | 10/15 | €978,568 | €990,699 | +€12,131 | +1.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €728,568 | €740,699 | +€12,131 | +1.7% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €703,568 | €715,699 | +€12,131 | +1.7% |
| Amounts payable | 17/49 | €53,333 | €52,058 | -€1,275 | -2.4% |
| Amounts payable within one year | 42/48 | €53,333 | €52,058 | -€1,275 | -2.4% |
| Trade debts | 44 | €79 | €58 | -€21 | -26.3% |
| Suppliers | 440/4 | €79 | €58 | -€21 | -26.3% |
| Taxes, remuneration and social security | 45 | €1,254 | - | -€1,254 | |
| Taxes | 450/3 | €1,254 | - | -€1,254 | |
| Other amounts payable | 47/48 | €52,000 | €52,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,906 | €6,906 | = | 0.0% |
| Other operating charges | 640/8 | €3,493 | €3,602 | +€109 | +3.1% |
| Gross operating margin | 9900 | €13,536 | €12,152 | -€1,384 | -10.2% |
| Operating profit (loss) | 9901 | €3,137 | €1,644 | -€1,493 | -47.6% |
| Financial income | 75/76B | €12,010 | €14,157 | +€2,146 | +17.9% |
| Recurring financial income | 75 | €12,010 | €14,157 | +€2,146 | +17.9% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €15,104 | €15,756 | +€652 | +4.3% |
| Income taxes | 67/77 | €4,090 | €3,625 | -€464 | -11.3% |
| Profit (loss) for the period | 9904 | €11,014 | €12,131 | +€1,116 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,014 | €12,131 | +€1,116 | +10.1% |
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 3 October 2026 via checked.be.