DE PAEPE STEVEN: 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 STEVEN
Largest movements
- Receivables within one year +€1,622
up €1,622 (+2.4%), from €68,109 to €69,731
- Reserves +€1,429
up €1,429 (+5.8%), from €24,595 to €26,025
of which Distributable reserves: +€1,429
- Gross operating margin +€354
up €354 (+31.8%), from -€1,112 to -€758
- Financial income -€347
down €347 (-8.5%), from €4,072 to €3,725
- Financial charges +€29
up €29 (+15.9%), from €184 to €213
- Taxes -€25
down €25 (-3.3%), from €740 to €715
- Other operating charges +€18
up €18 (+3.0%), from €592 to €610
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 | €68,130 | €69,744 | +€1,614 | +2.4% |
| Current assets | 29/58 | €68,130 | €69,744 | +€1,614 | +2.4% |
| Amounts receivable within one year | 40/41 | €68,109 | €69,731 | +€1,622 | +2.4% |
| Other amounts receivable | 41 | €68,109 | €69,731 | +€1,622 | +2.4% |
| Cash at bank and in hand | 54/58 | €21 | €13 | -€8 | -39.2% |
| Total equity and liabilities | 10/49 | €68,130 | €69,744 | +€1,614 | +2.4% |
| Equity | 10/15 | €66,767 | €68,197 | +€1,429 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,595 | €26,025 | +€1,429 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,735 | €24,165 | +€1,429 | +6.3% |
| Profit (loss) carried forward | 14 | €23,572 | €23,572 | = | 0.0% |
| Amounts payable | 17/49 | €1,363 | €1,547 | +€185 | +13.5% |
| Amounts payable within one year | 42/48 | €1,363 | €1,547 | +€185 | +13.5% |
| Trade debts | 44 | €82 | €92 | +€11 | +12.9% |
| Suppliers | 440/4 | €82 | €92 | +€11 | +12.9% |
| Taxes, remuneration and social security | 45 | €1,281 | €1,455 | +€174 | +13.6% |
| Taxes | 450/3 | €1,281 | €1,455 | +€174 | +13.6% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | -€1,112 | -€758 | +€354 | +31.8% |
| Operating profit (loss) | 9901 | -€1,704 | -€1,368 | +€336 | +19.7% |
| Financial income | 75/76B | €4,072 | €3,725 | -€347 | -8.5% |
| Recurring financial income | 75 | €4,072 | €3,725 | -€347 | -8.5% |
| Financial charges | 65/66B | €184 | €213 | +€29 | +15.9% |
| Recurring financial charges | 65 | €184 | €213 | +€29 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €2,185 | €2,144 | -€40 | -1.9% |
| Income taxes | 67/77 | €740 | €715 | -€25 | -3.3% |
| Profit (loss) for the period | 9904 | €1,445 | €1,429 | -€16 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,445 | €1,429 | -€16 | -1.1% |
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 26 October 2026 via checked.be.