De Paepe Services: 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 Paepe Services
Largest movements
- Receivables within one year +€29,773
up €29,773 (+93.8%), from €31,731 to €61,504
of which Trade receivables: +€24,554
- Cash -€9,995
down €9,995 (-98.0%), from €10,195 to €200
mainly Receivables within one year (-€29,773) and Net result for the year (-€15,696)
- Deferred charges and accrued income +€1,740
up €1,740 (+935.5%), from €186 to €1,925
- Trade debts +€39,586
up €39,586 (+2173.5%), from €1,821 to €41,408
- Short-term financial debts +€19,981
new in 2025: €19,981
- Profit (loss) carried forward -€15,696
down €15,696, from €6,743 to -€8,953
- Tax, wage and social debts -€13,507
down €13,507 (-36.2%), from €37,269 to €23,762
of which Taxes: -€13,257
- Accrued charges and deferred income -€4,981
down €4,981 (-98.1%), from €5,078 to €97
- Purchases and services -€144,291
no longer reported in 2025 (was €144,291)
- Staff costs +€31,642
up €31,642 (+17.6%), from €180,069 to €211,711
- Turnover +€29,042
up €29,042 (+10.3%), from €280,899 to €309,941
- Gross operating margin +€21,588
up €21,588 (+11.6%), from €185,957 to €207,546
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 | €59,248 | €81,294 | +€22,046 | +37.2% |
| Fixed assets | 21/28 | €17,136 | €17,664 | +€528 | +3.1% |
| Intangible fixed assets | 21 | €449 | €249 | -€200 | -44.6% |
| Tangible fixed assets | 22/27 | €14,850 | €15,578 | +€728 | +4.9% |
| Plant, machinery and equipment | 23 | €8,449 | €11,518 | +€3,069 | +36.3% |
| Furniture and vehicles | 24 | €6,400 | €4,060 | -€2,340 | -36.6% |
| Financial fixed assets | 28 | €1,838 | €1,838 | = | 0.0% |
| Current assets | 29/58 | €42,112 | €63,630 | +€21,518 | +51.1% |
| Amounts receivable within one year | 40/41 | €31,731 | €61,504 | +€29,773 | +93.8% |
| Trade receivables | 40 | €25,072 | €49,626 | +€24,554 | +97.9% |
| Other amounts receivable | 41 | €6,659 | €11,878 | +€5,220 | +78.4% |
| Cash at bank and in hand | 54/58 | €10,195 | €200 | -€9,995 | -98.0% |
| Deferred charges and accrued income | 490/1 | €186 | €1,925 | +€1,740 | +935.5% |
| Total equity and liabilities | 10/49 | €59,248 | €81,294 | +€22,046 | +37.2% |
| Equity | 10/15 | €11,743 | -€3,953 | -€15,696 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,743 | -€8,953 | -€15,696 | |
| Amounts payable | 17/49 | €47,505 | €85,247 | +€37,742 | +79.4% |
| Amounts payable within one year | 42/48 | €42,427 | €85,150 | +€42,723 | +100.7% |
| Financial debts | 43 | - | €19,981 | +€19,981 | |
| Credit institutions | 430/8 | - | €19,981 | +€19,981 | |
| Trade debts | 44 | €1,821 | €41,408 | +€39,586 | +2173.5% |
| Suppliers | 440/4 | €1,821 | €41,408 | +€39,586 | +2173.5% |
| Taxes, remuneration and social security | 45 | €37,269 | €23,762 | -€13,507 | -36.2% |
| Taxes | 450/3 | €18,463 | €5,206 | -€13,257 | -71.8% |
| Remuneration and social security | 454/9 | €18,806 | €18,556 | -€250 | -1.3% |
| Other amounts payable | 47/48 | €3,337 | - | -€3,337 | |
| Accrued charges and deferred income | 492/3 | €5,078 | €97 | -€4,981 | -98.1% |
| Turnover | 70 | €280,899 | €309,941 | +€29,042 | +10.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €144,291 | - | -€144,291 | |
| Remuneration, social security and pensions | 62 | €180,069 | €211,711 | +€31,642 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,682 | €6,098 | +€1,416 | +30.2% |
| Other operating charges | 640/8 | €223 | €931 | +€707 | +316.7% |
| Non-recurring operating charges | 66A | - | €1,149 | +€1,149 | |
| Gross operating margin | 9900 | €185,957 | €207,546 | +€21,588 | +11.6% |
| Operating profit (loss) | 9901 | €983 | -€12,343 | -€13,326 | |
| Financial income | 75/76B | €17 | €89 | +€72 | +423.1% |
| Recurring financial income | 75 | €17 | €89 | +€72 | +423.1% |
| Financial charges | 65/66B | €1,470 | €1,943 | +€473 | +32.2% |
| Recurring financial charges | 65 | €1,470 | €1,943 | +€473 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | -€470 | -€14,196 | -€13,726 | -2918.5% |
| Income taxes | 67/77 | - | €1,500 | +€1,500 | |
| Profit (loss) for the period | 9904 | -€470 | -€15,696 | -€15,226 | -3237.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€470 | -€15,696 | -€15,226 | -3237.5% |
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 6 October 2026 via checked.be.