DE POORTER: 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 POORTER
Largest movements
- Stocks and contracts -€106,059
down €106,059 (-34.6%), from €306,212 to €200,152
of which Stocks: -€106,059
- Receivables within one year -€104,431
down €104,431 (-91.9%), from €113,584 to €9,153
of which Trade receivables: -€76,667
- Current investments -€55,000
no longer reported in 2025 (was €55,000)
- Profit (loss) carried forward -€97,765
down €97,765 (-18.0%), from -€543,357 to -€641,122
- Trade debts -€85,259
down €85,259 (-80.8%), from €105,550 to €20,291
- Accrued charges and deferred income -€46,933
no longer reported in 2025 (was €46,933)
- Other debts -€40,028
down €40,028 (-5.2%), from €772,435 to €732,407
- Financial charges -€38,947
down €38,947 (-94.9%), from €41,044 to €2,097
- Gross operating margin +€36,050
up €36,050 (+27.8%), from -€129,891 to -€93,841
- Other operating charges -€3,018
down €3,018 (-62.3%), from €4,846 to €1,828
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.
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 | €481,949 | €213,134 | -€268,815 | -55.8% |
| Fixed assets | 21/28 | €3,780 | €3,780 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,780 | €3,780 | = | 0.0% |
| Furniture and vehicles | 24 | €1,335 | €1,335 | = | 0.0% |
| Other tangible fixed assets | 26 | €2,445 | €2,445 | = | 0.0% |
| Current assets | 29/58 | €478,169 | €209,354 | -€268,815 | -56.2% |
| Stocks and contracts in progress | 3 | €306,212 | €200,152 | -€106,059 | -34.6% |
| Stocks | 30/36 | €306,212 | €200,152 | -€106,059 | -34.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €113,584 | €9,153 | -€104,431 | -91.9% |
| Trade receivables | 40 | €85,749 | €9,081 | -€76,667 | -89.4% |
| Other amounts receivable | 41 | €27,835 | €71 | -€27,764 | -99.7% |
| Current investments | 50/53 | €55,000 | - | -€55,000 | |
| Cash at bank and in hand | 54/58 | €3,374 | €49 | -€3,325 | -98.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €481,949 | €213,134 | -€268,815 | -55.8% |
| Equity | 10/15 | -€521,357 | -€619,122 | -€97,765 | -18.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€543,357 | -€641,122 | -€97,765 | -18.0% |
| Amounts payable | 17/49 | €1,003,306 | €832,256 | -€171,050 | -17.0% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €881,373 | €757,256 | -€124,117 | -14.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €105,550 | €20,291 | -€85,259 | -80.8% |
| Suppliers | 440/4 | €105,550 | €20,291 | -€85,259 | -80.8% |
| Taxes, remuneration and social security | 45 | €3,388 | €4,558 | +€1,170 | +34.5% |
| Taxes | 450/3 | €3,388 | €4,558 | +€1,170 | +34.5% |
| Other amounts payable | 47/48 | €772,435 | €732,407 | -€40,028 | -5.2% |
| Accrued charges and deferred income | 492/3 | €46,933 | - | -€46,933 | |
| Remuneration, social security and pensions | 62 | -€53 | - | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | - | -€80 | |
| Other operating charges | 640/8 | €4,846 | €1,828 | -€3,018 | -62.3% |
| Gross operating margin | 9900 | -€129,891 | -€93,841 | +€36,050 | +27.8% |
| Operating profit (loss) | 9901 | -€134,764 | -€95,668 | +€39,095 | +29.0% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €41,044 | €2,097 | -€38,947 | -94.9% |
| Recurring financial charges | 65 | €41,044 | €2,097 | -€38,947 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | -€175,803 | -€97,765 | +€78,038 | +44.4% |
| Profit (loss) for the period | 9904 | -€175,803 | -€97,765 | +€78,038 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,803 | -€97,765 | +€78,038 | +44.4% |
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 23 October 2026 via checked.be.