DE PAPE BEHEER: 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 PAPE BEHEER
Largest movements
- Cash +€200,297
up €200,297 (+192%), from €104,435 to €304,732
mainly Accrued charges and deferred income (+€107,915) and Net result for the year (+€85,120)
- Receivables within one year -€13,650
down €13,650 (-40.4%), from €33,800 to €20,150
- Accrued charges and deferred income +€107,915
up €107,915 (+1,986%), from €5,433 to €113,348
- Reserves +€85,120
up €85,120 (+133%), from €64,194 to €149,313
of which Distributable reserves: +€85,315
- Debts after one year -€17,088
down €17,088 (-8.9%), from €191,032 to €173,944
- Current portion of long-term debt +€10,048
up €10,048 (+109%), from €9,235 to €19,283
- Gross operating margin +€185,728
up €185,728 (+408%), from €45,526 to €231,254
- Taxes +€12,381
up €12,381 (+104%), from €11,943 to €24,324
- Financial charges +€10,401
up €10,401 (+247%), from €4,216 to €14,618
- Depreciation -€3,578
down €3,578 (-31.9%), from €11,199 to €7,621
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 | €405,825 | €596,574 | +€190,749 | +47.0% |
| Fixed assets | 21/28 | €255,630 | €259,737 | +€4,108 | +1.6% |
| Tangible fixed assets | 22/27 | €101,230 | €105,337 | +€4,108 | +4.1% |
| Land and buildings | 22 | €92,309 | €88,936 | -€3,374 | -3.7% |
| Plant, machinery and equipment | 23 | €1,384 | €888 | -€495 | -35.8% |
| Furniture and vehicles | 24 | €7,537 | €15,513 | +€7,977 | +106% |
| Financial fixed assets | 28 | €154,400 | €154,400 | = | 0.0% |
| Current assets | 29/58 | €150,195 | €336,837 | +€186,642 | +124% |
| Amounts receivable within one year | 40/41 | €33,800 | €20,150 | -€13,650 | -40.4% |
| Trade receivables | 40 | €33,800 | €20,150 | -€13,650 | -40.4% |
| Current investments | 50/53 | €9,537 | €9,508 | -€29 | -0.3% |
| Cash at bank and in hand | 54/58 | €104,435 | €304,732 | +€200,297 | +192% |
| Deferred charges and accrued income | 490/1 | €2,423 | €2,446 | +€23 | +1.0% |
| Total equity and liabilities | 10/49 | €405,825 | €596,574 | +€190,749 | +47.0% |
| Equity | 10/15 | €82,786 | €167,905 | +€85,120 | +103% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €64,194 | €149,313 | +€85,120 | +133% |
| Tax-exempt reserves | 132 | €974 | €778 | -€196 | -20.1% |
| Distributable reserves | 133 | €63,220 | €148,535 | +€85,315 | +135% |
| Provisions and deferred taxes | 16 | €7,743 | €6,961 | -€783 | -10.1% |
| Deferred taxes | 168 | €7,743 | €6,961 | -€783 | -10.1% |
| Amounts payable | 17/49 | €315,296 | €421,708 | +€106,412 | +33.7% |
| Amounts payable after more than one year | 17 | €191,032 | €173,944 | -€17,088 | -8.9% |
| Financial debts | 170/4 | €191,032 | €173,944 | -€17,088 | -8.9% |
| Amounts payable within one year | 42/48 | €118,831 | €134,416 | +€15,585 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €9,235 | €19,283 | +€10,048 | +109% |
| Trade debts | 44 | €44,567 | €45,766 | +€1,198 | +2.7% |
| Suppliers | 440/4 | €44,567 | €45,766 | +€1,198 | +2.7% |
| Taxes, remuneration and social security | 45 | €1,129 | €4,260 | +€3,131 | +277% |
| Taxes | 450/3 | €1,129 | €4,260 | +€3,131 | +277% |
| Other amounts payable | 47/48 | €63,900 | €65,107 | +€1,207 | +1.9% |
| Accrued charges and deferred income | 492/3 | €5,433 | €113,348 | +€107,915 | +1,986% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,199 | €7,621 | -€3,578 | -31.9% |
| Other operating charges | 640/8 | €3,453 | €3,941 | +€488 | +14.1% |
| Non-recurring operating charges | 66A | €0 | €97,336 | +€97,336 | +54,075,722% |
| Gross operating margin | 9900 | €45,526 | €231,254 | +€185,728 | +408% |
| Operating profit (loss) | 9901 | €30,874 | €122,356 | +€91,482 | +296% |
| Financial income | 75/76B | €126 | €923 | +€797 | +632% |
| Recurring financial income | 75 | €126 | €923 | +€797 | +632% |
| Financial charges | 65/66B | €4,216 | €14,618 | +€10,401 | +247% |
| Recurring financial charges | 65 | €4,216 | €14,618 | +€10,401 | +247% |
| Profit (loss) for the period before taxes | 9903 | €26,784 | €108,661 | +€81,877 | +306% |
| Transfer from deferred taxes | 780 | €196 | €783 | +€587 | +300% |
| Income taxes | 67/77 | €11,943 | €24,324 | +€12,381 | +104% |
| Profit (loss) for the period | 9904 | €15,037 | €85,120 | +€70,083 | +466% |
| Transfer from tax-exempt reserves | 789 | €783 | €196 | -€587 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,820 | €85,315 | +€69,496 | +439% |
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 28 October 2026 via checked.be.