DE PAEPE GEERT: 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 PAEPE GEERT
Largest movements
- Receivables within one year -€40,579
down €40,579 (-41.6%), from €97,543 to €56,964
of which Trade receivables: -€39,779
- Cash +€20,193
up €20,193 (+20.6%), from €98,172 to €118,365
mainly Receivables within one year (+€40,579) and Net result for the year (+€9,103)
- Current investments +€13,398
up €13,398 (+5.0%), from €268,522 to €281,920
- Reserves +€9,103
up €9,103 (+9.0%), from €101,325 to €110,429
- Accrued charges and deferred income -€8,166
down €8,166 (-95.8%), from €8,527 to €361
- Gross operating margin -€9,177
down €9,177 (-55.3%), from €16,606 to €7,429
- Financial income +€8,164
up €8,164 (+57.4%), from €14,233 to €22,397
of which Financial income: +€7,552
- Financial charges -€5,861
down €5,861 (-39.8%), from €14,717 to €8,856
- Taxes +€2,072
up €2,072 (+43.2%), from €4,800 to €6,872
- Other operating charges -€374
down €374 (-20.9%), from €1,791 to €1,417
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 | €527,970 | €523,138 | -€4,833 | -0.9% |
| Fixed assets | 21/28 | €8,371 | €9,907 | +€1,536 | +18.4% |
| Tangible fixed assets | 22/27 | €8,371 | €9,907 | +€1,536 | +18.4% |
| Land and buildings | 22 | €2,384 | €1,370 | -€1,014 | -42.5% |
| Plant, machinery and equipment | 23 | €2,340 | €5,604 | +€3,264 | +139% |
| Furniture and vehicles | 24 | €2,346 | €1,633 | -€713 | -30.4% |
| Other tangible fixed assets | 26 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €519,600 | €513,231 | -€6,369 | -1.2% |
| Stocks and contracts in progress | 3 | €43,613 | €48,352 | +€4,740 | +10.9% |
| Stocks | 30/36 | €23,763 | €30,152 | +€6,390 | +26.9% |
| Contracts in progress | 37 | €19,850 | €18,200 | -€1,650 | -8.3% |
| Amounts receivable within one year | 40/41 | €97,543 | €56,964 | -€40,579 | -41.6% |
| Trade receivables | 40 | €78,666 | €38,888 | -€39,779 | -50.6% |
| Other amounts receivable | 41 | €18,877 | €18,076 | -€800 | -4.2% |
| Current investments | 50/53 | €268,522 | €281,920 | +€13,398 | +5.0% |
| Cash at bank and in hand | 54/58 | €98,172 | €118,365 | +€20,193 | +20.6% |
| Deferred charges and accrued income | 490/1 | €11,750 | €7,629 | -€4,121 | -35.1% |
| Total equity and liabilities | 10/49 | €527,970 | €523,138 | -€4,833 | -0.9% |
| Equity | 10/15 | €389,925 | €399,029 | +€9,103 | +2.3% |
| Contributions | 10/11 | €288,600 | €288,600 | = | 0.0% |
| Reserves | 13 | €101,325 | €110,429 | +€9,103 | +9.0% |
| Distributable reserves | 133 | €101,325 | €110,429 | +€9,103 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,045 | €124,109 | -€13,936 | -10.1% |
| Amounts payable within one year | 42/48 | €129,518 | €123,748 | -€5,770 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €4,794 | €3,207 | -€1,587 | -33.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €5,772 | €7,173 | +€1,401 | +24.3% |
| Suppliers | 440/4 | €5,772 | €7,173 | +€1,401 | +24.3% |
| Taxes, remuneration and social security | 45 | €6,026 | €910 | -€5,116 | -84.9% |
| Taxes | 450/3 | €6,026 | €910 | -€5,116 | -84.9% |
| Other amounts payable | 47/48 | €112,926 | €112,458 | -€468 | -0.4% |
| Accrued charges and deferred income | 492/3 | €8,527 | €361 | -€8,166 | -95.8% |
| Non-recurring operating income | 76A | €218 | €0 | -€218 | -100% |
| Remuneration, social security and pensions | 62 | €178 | €0 | -€178 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,413 | €3,578 | +€165 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,791 | €1,417 | -€374 | -20.9% |
| Gross operating margin | 9900 | €16,606 | €7,429 | -€9,177 | -55.3% |
| Operating profit (loss) | 9901 | €11,224 | €2,434 | -€8,790 | -78.3% |
| Financial income | 75/76B | €14,233 | €22,397 | +€8,164 | +57.4% |
| Recurring financial income | 75 | €7,490 | €15,042 | +€7,552 | +101% |
| Non-recurring financial income | 76B | €6,743 | €7,355 | +€612 | +9.1% |
| Financial charges | 65/66B | €14,717 | €8,856 | -€5,861 | -39.8% |
| Recurring financial charges | 65 | €14,717 | €8,856 | -€5,861 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €10,740 | €15,975 | +€5,235 | +48.7% |
| Income taxes | 67/77 | €4,800 | €6,872 | +€2,072 | +43.2% |
| Profit (loss) for the period | 9904 | €5,940 | €9,103 | +€3,163 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,940 | €9,103 | +€3,163 | +53.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.