DE PESSEMIER: 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 PESSEMIER
Largest movements
- Stocks and contracts -€30,929
down €30,929 (-12.9%), from €239,827 to €208,898
- Tangible fixed assets -€27,023
down €27,023 (-28.1%), from €96,276 to €69,253
of which Furniture and vehicles: -€26,059
- Cash -€22,691
down €22,691 (-19.5%), from €116,620 to €93,929
mainly Trade debts (-€51,244) and Other debts (-€27,253)
- Trade debts -€51,244
down €51,244 (-47.7%), from €107,408 to €56,164
- Other debts -€27,253
down €27,253 (-51.7%), from €52,713 to €25,460
- Reserves +€14,266
up €14,266 (+6.0%), from €236,175 to €250,441
- Debts after one year -€8,817
no longer reported in 2025 (was €8,817)
- Current portion of long-term debt -€8,225
down €8,225 (-48.3%), from €17,042 to €8,817
- Gross operating margin -€29,772
down €29,772 (-29.5%), from €101,030 to €71,258
- Taxes -€10,033
down €10,033 (-58.2%), from €17,225 to €7,192
- Financial charges +€6,968
up €6,968 (+50.3%), from €13,860 to €20,828
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 | €469,754 | €390,011 | -€79,743 | -17.0% |
| Fixed assets | 21/28 | €96,318 | €69,295 | -€27,023 | -28.1% |
| Tangible fixed assets | 22/27 | €96,276 | €69,253 | -€27,023 | -28.1% |
| Plant, machinery and equipment | 23 | €5,066 | €4,102 | -€964 | -19.0% |
| Furniture and vehicles | 24 | €91,210 | €65,151 | -€26,059 | -28.6% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €373,436 | €320,716 | -€52,720 | -14.1% |
| Stocks and contracts in progress | 3 | €239,827 | €208,898 | -€30,929 | -12.9% |
| Stocks | 30/36 | €239,827 | €208,898 | -€30,929 | -12.9% |
| Amounts receivable within one year | 40/41 | €12,902 | €11,096 | -€1,806 | -14.0% |
| Trade receivables | 40 | €4,925 | €3,099 | -€1,826 | -37.1% |
| Other amounts receivable | 41 | €7,977 | €7,997 | +€20 | +0.3% |
| Cash at bank and in hand | 54/58 | €116,620 | €93,929 | -€22,691 | -19.5% |
| Deferred charges and accrued income | 490/1 | €4,087 | €6,793 | +€2,706 | +66.2% |
| Total equity and liabilities | 10/49 | €469,754 | €390,011 | -€79,743 | -17.0% |
| Equity | 10/15 | €254,775 | €269,041 | +€14,266 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,175 | €250,441 | +€14,266 | +6.0% |
| Distributable reserves | 133 | €236,175 | €250,441 | +€14,266 | +6.0% |
| Amounts payable | 17/49 | €214,979 | €120,970 | -€94,009 | -43.7% |
| Amounts payable after more than one year | 17 | €8,817 | - | -€8,817 | |
| Financial debts | 170/4 | €8,817 | - | -€8,817 | |
| Amounts payable within one year | 42/48 | €206,162 | €120,970 | -€85,192 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €17,042 | €8,817 | -€8,225 | -48.3% |
| Trade debts | 44 | €107,408 | €56,164 | -€51,244 | -47.7% |
| Suppliers | 440/4 | €107,408 | €56,164 | -€51,244 | -47.7% |
| Advances received on contracts in progress | 46 | €18,626 | €20,745 | +€2,119 | +11.4% |
| Taxes, remuneration and social security | 45 | €10,373 | €9,784 | -€589 | -5.7% |
| Taxes | 450/3 | €10,373 | €9,784 | -€589 | -5.7% |
| Other amounts payable | 47/48 | €52,713 | €25,460 | -€27,253 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,160 | €28,923 | -€237 | -0.8% |
| Other operating charges | 640/8 | €838 | €974 | +€136 | +16.2% |
| Gross operating margin | 9900 | €101,030 | €71,258 | -€29,772 | -29.5% |
| Operating profit (loss) | 9901 | €71,032 | €41,361 | -€29,671 | -41.8% |
| Financial income | 75/76B | €1,025 | €925 | -€100 | -9.8% |
| Recurring financial income | 75 | €1,025 | €925 | -€100 | -9.8% |
| Financial charges | 65/66B | €13,860 | €20,828 | +€6,968 | +50.3% |
| Recurring financial charges | 65 | €13,860 | €20,828 | +€6,968 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €58,197 | €21,458 | -€36,739 | -63.1% |
| Income taxes | 67/77 | €17,225 | €7,192 | -€10,033 | -58.2% |
| Profit (loss) for the period | 9904 | €40,972 | €14,266 | -€26,706 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,972 | €14,266 | -€26,706 | -65.2% |
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.