De Oude Beurs: 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 Oude Beurs
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+160%), from €660,319 to €1.7m
of which Land and buildings: +€1.1m
- Receivables within one year -€75,834
down €75,834 (-28.6%), from €265,013 to €189,179
of which Trade receivables: -€66,800
- Financial fixed assets -€29,330
down €29,330 (-8.1%), from €363,759 to €334,429
- Cash -€22,543
down €22,543 (-92.5%), from €24,362 to €1,819
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€180,695)
- Debts after one year +€891,572
up €891,572 (+339%), from €263,193 to €1.2m
- Current portion of long-term debt +€281,089
up €281,089 (+835%), from €33,659 to €314,748
- Profit (loss) carried forward -€108,304
down €108,304, from €102,797 to -€5,507
- Reserves -€72,392
down €72,392 (-12.1%), from €599,962 to €527,571
of which Tax-exempt reserves: -€72,392
- Tax, wage and social debts -€31,051
down €31,051 (-87.0%), from €35,703 to €4,653
of which Taxes: -€31,051
- Gross operating margin -€1.1m
down €1.1m, from €1.0m to -€92,382
- Staff costs -€351,043
down €351,043 (-95.7%), from €366,932 to €15,889
- Financial income +€27,618
up €27,618 (+7,220%), from €383 to €28,001
- Taxes +€21,116
up €21,116, from -€1,116 to €20,000
- Depreciation +€18,880
up €18,880 (+43.0%), from €43,923 to €62,803
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.
Derived cash bridge
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 | €1,313,453 | €2,240,126 | +€926,674 | +70.6% |
| Fixed assets | 21/28 | €1,024,077 | €2,049,129 | +€1.0m | +100% |
| Tangible fixed assets | 22/27 | €660,319 | €1,714,700 | +€1.1m | +160% |
| Land and buildings | 22 | €656,457 | €1,713,378 | +€1.1m | +161% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,862 | €1,322 | -€2,540 | -65.8% |
| Financial fixed assets | 28 | €363,759 | €334,429 | -€29,330 | -8.1% |
| Current assets | 29/58 | €289,375 | €190,998 | -€98,378 | -34.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €265,013 | €189,179 | -€75,834 | -28.6% |
| Trade receivables | 40 | €109,609 | €42,809 | -€66,800 | -60.9% |
| Other amounts receivable | 41 | €155,404 | €146,370 | -€9,034 | -5.8% |
| Cash at bank and in hand | 54/58 | €24,362 | €1,819 | -€22,543 | -92.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,313,453 | €2,240,126 | +€926,674 | +70.6% |
| Equity | 10/15 | €721,351 | €540,656 | -€180,695 | -25.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €599,962 | €527,571 | -€72,392 | -12.1% |
| Tax-exempt reserves | 132 | €499,595 | €427,204 | -€72,392 | -14.5% |
| Distributable reserves | 133 | €100,367 | €100,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,797 | -€5,507 | -€108,304 | |
| Provisions and deferred taxes | 16 | €166,532 | €142,401 | -€24,131 | -14.5% |
| Deferred taxes | 168 | €166,532 | €142,401 | -€24,131 | -14.5% |
| Amounts payable | 17/49 | €425,570 | €1,557,069 | +€1.1m | +266% |
| Amounts payable after more than one year | 17 | €263,193 | €1,154,765 | +€891,572 | +339% |
| Financial debts | 170/4 | €263,193 | €1,154,765 | +€891,572 | +339% |
| Amounts payable within one year | 42/48 | €162,377 | €402,304 | +€239,927 | +148% |
| Current portion of amounts payable after more than one year | 42 | €33,659 | €314,748 | +€281,089 | +835% |
| Trade debts | 44 | €63,822 | €53,811 | -€10,011 | -15.7% |
| Suppliers | 440/4 | €63,822 | €53,811 | -€10,011 | -15.7% |
| Taxes, remuneration and social security | 45 | €35,703 | €4,653 | -€31,051 | -87.0% |
| Taxes | 450/3 | €35,703 | €4,653 | -€31,051 | -87.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,192 | €29,092 | -€100 | -0.3% |
| Non-recurring operating income | 76A | €666,127 | €0 | -€666,127 | -100% |
| Remuneration, social security and pensions | 62 | €366,932 | €15,889 | -€351,043 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,923 | €62,803 | +€18,880 | +43.0% |
| Other operating charges | 640/8 | €26,714 | €17,689 | -€9,025 | -33.8% |
| Gross operating margin | 9900 | €1,031,260 | -€92,382 | -€1.1m | |
| Operating profit (loss) | 9901 | €593,691 | -€188,764 | -€782,455 | |
| Financial income | 75/76B | €383 | €28,001 | +€27,618 | +7,220% |
| Recurring financial income | 75 | €383 | €28,001 | +€27,618 | +7,220% |
| Financial charges | 65/66B | €11,477 | €24,062 | +€12,585 | +110% |
| Recurring financial charges | 65 | €11,477 | €24,062 | +€12,585 | +110% |
| Profit (loss) for the period before taxes | 9903 | €582,596 | -€184,826 | -€767,422 | |
| Transfer from deferred taxes | 780 | - | €24,131 | +€24,131 | |
| Transfer to deferred taxes | 680 | €166,532 | €0 | -€166,532 | -100% |
| Income taxes | 67/77 | -€1,116 | €20,000 | +€21,116 | |
| Profit (loss) for the period | 9904 | €417,180 | -€180,695 | -€597,876 | |
| Transfer from tax-exempt reserves | 789 | - | €72,392 | +€72,392 | |
| Transfer to tax-exempt reserves | 689 | €499,595 | €0 | -€499,595 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,415 | -€108,304 | -€25,889 | -31.4% |
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 15 October 2026 via checked.be.