DE PAEPE VINCENT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DE PAEPE VINCENT
Largest movements
- Tangible fixed assets -€22,036
down €22,036 (-2.7%), from €827,491 to €805,455
of which Land and buildings: -€22,006
- Debts after one year -€21,102
down €21,102 (-62.7%), from €33,655 to €12,553
- Gross operating margin +€5,409
up €5,409 (+26.2%), from €20,673 to €26,082
- Other operating charges -€2,141
down €2,141 (-46.8%), from €4,578 to €2,437
- Financial charges -€503
down €503 (-29.2%), from €1,720 to €1,217
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €829,298 | €807,005 | -€22,293 | -2.7% |
| Fixed assets | 21/28 | €828,991 | €806,955 | -€22,036 | -2.7% |
| Tangible fixed assets | 22/27 | €827,491 | €805,455 | -€22,036 | -2.7% |
| Land and buildings | 22 | €827,461 | €805,455 | -€22,006 | -2.7% |
| Plant, machinery and equipment | 23 | €30 | - | -€30 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €307 | €50 | -€257 | -83.7% |
| Cash at bank and in hand | 54/58 | €307 | €50 | -€257 | -83.7% |
| Total equity and liabilities | 10/49 | €829,298 | €807,005 | -€22,293 | -2.7% |
| Equity | 10/15 | €249,415 | €249,807 | +€392 | +0.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Revaluation surpluses | 12 | €33,709 | €33,709 | = | 0.0% |
| Reserves | 13 | €131,275 | €131,275 | = | 0.0% |
| Distributable reserves | 133 | €131,275 | €131,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,233 | €78,625 | +€392 | +0.5% |
| Amounts payable | 17/49 | €579,883 | €557,198 | -€22,685 | -3.9% |
| Amounts payable after more than one year | 17 | €33,655 | €12,553 | -€21,102 | -62.7% |
| Financial debts | 170/4 | €33,655 | €12,553 | -€21,102 | -62.7% |
| Amounts payable within one year | 42/48 | €540,174 | €544,645 | +€4,471 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €20,586 | €21,102 | +€516 | +2.5% |
| Trade debts | 44 | €1,168 | €90 | -€1,078 | -92.3% |
| Suppliers | 440/4 | €1,168 | €90 | -€1,078 | -92.3% |
| Other amounts payable | 47/48 | €518,421 | €523,453 | +€5,032 | +1.0% |
| Accrued charges and deferred income | 492/3 | €6,053 | - | -€6,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,084 | €22,036 | -€48 | -0.2% |
| Other operating charges | 640/8 | €4,578 | €2,437 | -€2,141 | -46.8% |
| Gross operating margin | 9900 | €20,673 | €26,082 | +€5,409 | +26.2% |
| Operating profit (loss) | 9901 | -€5,988 | €1,609 | +€7,598 | |
| Financial charges | 65/66B | €1,720 | €1,217 | -€503 | -29.2% |
| Recurring financial charges | 65 | €1,720 | €1,217 | -€503 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,709 | €392 | +€8,101 | |
| Profit (loss) for the period | 9904 | -€7,709 | €392 | +€8,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,709 | €392 | +€8,101 |
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.