De Paepe Kurt: what changed
What changed
De Paepe Kurt
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€37,699
2024 · €43,860-€6,162
Equity
€115,740
2024 · €119,718-€3,978
Cash
€24,521
2024 · €18,799+€5,723
Balance sheet total
€216,317
2024 · €207,645+€8,671
Largest movements
Assets
- Receivables within one year +€10,913
up €10,913 (+16.8%), from €64,817 to €75,730
of which Other amounts receivable: +€9,481
- Tangible fixed assets -€9,071
down €9,071 (-7.5%), from €120,949 to €111,878
of which Land and buildings: -€5,793
- Cash +€5,723
up €5,723 (+30.4%), from €18,799 to €24,521
mainly Net result for the year (+€37,699) and Other debts (+€25,294)
Equity and liabilities
- Other debts +€25,294
up €25,294 (+154%), from €16,382 to €41,676
- Debts after one year -€12,862
down €12,862 (-51.3%), from €25,093 to €12,230
- Tax, wage and social debts +€5,707
up €5,707 (+25.0%), from €22,857 to €28,564
- Current portion of long-term debt -€5,321
down €5,321 (-29.3%), from €18,183 to €12,862
- Reserves -€3,978
down €3,978 (-3.5%), from €113,518 to €109,540
of which Distributable reserves: -€3,978
Income statement
- Gross operating margin -€4,752
down €4,752 (-5.6%), from €85,085 to €80,333
- Taxes -€3,214
down €3,214 (-14.3%), from €22,512 to €19,298
- Depreciation +€2,257
up €2,257 (+25.4%), from €8,887 to €11,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,860
Gross operating margin
-€4,752
Depreciation
-€2,257
Other operating charges
-€506
Other operating items
-€1,785
Financial income
+€293
Financial charges
-€368
Taxes
+€3,214
Result 2025
€37,699
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,724
Investment
-€2,074
Financing
-€59,927
Cash 2024
€18,799
From operations (derived)
+€67,724
Net result for the year
+€37,699
Depreciation
+€11,145
Receivables within one year
-€10,913
Deferred charges and accrued income
-€1,106
Trade debts
-€1,341
Tax, wage and social debts
+€5,707
Other debts
+€25,294
Accrued charges and deferred income
+€1,240
Investment (derived)
-€2,074
Investment in fixed assets (net)
-€2,074
Financing
-€59,927
Debts after one year
-€12,862
Current portion of long-term debt
-€5,321
Short-term financial debts
-€68
Contributions, distributions and other
-€41,676
Cash 2025
€24,521
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,645 | €216,317 | +€8,671 | +4.2% |
| Fixed assets | 21/28 | €121,857 | €112,787 | -€9,071 | -7.4% |
| Tangible fixed assets | 22/27 | €120,949 | €111,878 | -€9,071 | -7.5% |
| Land and buildings | 22 | €110,477 | €104,684 | -€5,793 | -5.2% |
| Plant, machinery and equipment | 23 | €1,281 | €2,742 | +€1,461 | +114% |
| Furniture and vehicles | 24 | €9,191 | €4,453 | -€4,739 | -51.6% |
| Financial fixed assets | 28 | €908 | €908 | = | 0.0% |
| Current assets | 29/58 | €85,788 | €103,530 | +€17,742 | +20.7% |
| Amounts receivable within one year | 40/41 | €64,817 | €75,730 | +€10,913 | +16.8% |
| Trade receivables | 40 | €34,215 | €35,646 | +€1,432 | +4.2% |
| Other amounts receivable | 41 | €30,602 | €40,084 | +€9,481 | +31.0% |
| Cash at bank and in hand | 54/58 | €18,799 | €24,521 | +€5,723 | +30.4% |
| Deferred charges and accrued income | 490/1 | €2,173 | €3,278 | +€1,106 | +50.9% |
| Total equity and liabilities | 10/49 | €207,645 | €216,317 | +€8,671 | +4.2% |
| Equity | 10/15 | €119,718 | €115,740 | -€3,978 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,518 | €109,540 | -€3,978 | -3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €105,658 | €101,680 | -€3,978 | -3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €87,927 | €100,576 | +€12,649 | +14.4% |
| Amounts payable after more than one year | 17 | €25,093 | €12,230 | -€12,862 | -51.3% |
| Financial debts | 170/4 | €25,093 | €12,230 | -€12,862 | -51.3% |
| Amounts payable within one year | 42/48 | €61,685 | €85,956 | +€24,272 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €18,183 | €12,862 | -€5,321 | -29.3% |
| Financial debts | 43 | €167 | €99 | -€68 | -40.9% |
| Credit institutions | 430/8 | €167 | €99 | -€68 | -40.9% |
| Trade debts | 44 | €4,096 | €2,755 | -€1,341 | -32.7% |
| Suppliers | 440/4 | €4,096 | €2,755 | -€1,341 | -32.7% |
| Taxes, remuneration and social security | 45 | €22,857 | €28,564 | +€5,707 | +25.0% |
| Taxes | 450/3 | €22,857 | €28,564 | +€5,707 | +25.0% |
| Other amounts payable | 47/48 | €16,382 | €41,676 | +€25,294 | +154% |
| Accrued charges and deferred income | 492/3 | €1,150 | €2,390 | +€1,240 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,887 | €11,145 | +€2,257 | +25.4% |
| Other operating charges | 640/8 | €8,376 | €8,882 | +€506 | +6.0% |
| Non-recurring operating charges | 66A | - | €1,785 | +€1,785 | |
| Gross operating margin | 9900 | €85,085 | €80,333 | -€4,752 | -5.6% |
| Operating profit (loss) | 9901 | €67,822 | €58,521 | -€9,301 | -13.7% |
| Financial income | 75/76B | €1,950 | €2,243 | +€293 | +15.0% |
| Recurring financial income | 75 | €1,950 | €2,243 | +€293 | +15.0% |
| Financial charges | 65/66B | €3,400 | €3,768 | +€368 | +10.8% |
| Recurring financial charges | 65 | €3,400 | €3,768 | +€368 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €66,372 | €56,996 | -€9,376 | -14.1% |
| Income taxes | 67/77 | €22,512 | €19,298 | -€3,214 | -14.3% |
| Profit (loss) for the period | 9904 | €43,860 | €37,699 | -€6,162 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,860 | €37,699 | -€6,162 | -14.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.