DE POTTER: 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.
What changed
DE POTTER
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,333
2024 · -€8,385+€6,053
Equity
€1.7m
2024 · €1.7m-€2,333
Cash
€47,508
2024 · €36,414+€11,094
Balance sheet total
€2.5m
2024 · €2.6m-€74,941
Largest movements
Assets
- Tangible fixed assets -€85,004
down €85,004 (-3.4%), from €2.5m to €2.4m
of which Land and buildings: -€84,375
Equity and liabilities
- Other debts -€100,135
down €100,135 (-42.0%), from €238,263 to €138,128
- Debts after one year +€35,546
up €35,546 (+16.4%), from €217,226 to €252,772
Income statement
- Gross operating margin +€10,732
up €10,732 (+10.1%), from €106,149 to €116,881
- Financial charges +€4,612
up €4,612 (+34.1%), from €13,518 to €18,129
- Depreciation -€1,846
down €1,846 (-2.0%), from €90,089 to €88,243
- Taxes +€1,267
up €1,267 (+10.5%), from €12,046 to €13,313
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.
Result 2024
-€8,385
Gross operating margin
+€10,732
Depreciation
+€1,846
Other operating charges
-€154
Financial income
-€492
Financial charges
-€4,612
Taxes
-€1,267
Result 2025
-€2,333
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.
From operations
-€40,410
Investment
-€3,489
Financing
+€54,993
Cash 2024
€36,414
From operations (derived)
-€40,410
Net result for the year
-€2,333
Depreciation
+€88,243
Receivables within one year
+€1,414
Deferred charges and accrued income
-€133
Provisions
-€17,526
Trade debts
+€446
Tax, wage and social debts
-€14,341
Other debts
-€100,135
Accrued charges and deferred income
+€3,956
Investment (derived)
-€3,489
Investment in fixed assets (net)
-€3,239
Current investments
-€250
Financing
+€54,993
Debts after one year
+€35,546
Current portion of long-term debt
+€19,447
Cash 2025
€47,508
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,554,187 | €2,479,245 | -€74,941 | -2.9% |
| Fixed assets | 21/28 | €2,511,417 | €2,426,412 | -€85,004 | -3.4% |
| Tangible fixed assets | 22/27 | €2,511,417 | €2,426,412 | -€85,004 | -3.4% |
| Land and buildings | 22 | €2,510,376 | €2,426,001 | -€84,375 | -3.4% |
| Furniture and vehicles | 24 | €1,041 | €412 | -€629 | -60.4% |
| Current assets | 29/58 | €42,770 | €52,833 | +€10,063 | +23.5% |
| Amounts receivable within one year | 40/41 | €3,180 | €1,766 | -€1,414 | -44.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,180 | €1,766 | -€1,414 | -44.5% |
| Current investments | 50/53 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €36,414 | €47,508 | +€11,094 | +30.5% |
| Deferred charges and accrued income | 490/1 | €3,176 | €3,310 | +€133 | +4.2% |
| Total equity and liabilities | 10/49 | €2,554,187 | €2,479,245 | -€74,941 | -2.9% |
| Equity | 10/15 | €1,749,329 | €1,746,996 | -€2,333 | -0.1% |
| Contributions | 10/11 | €239,157 | €239,157 | = | 0.0% |
| Reserves | 13 | €1,509,707 | €1,507,370 | -€2,337 | -0.2% |
| Tax-exempt reserves | 132 | €546,910 | €512,872 | -€34,037 | -6.2% |
| Distributable reserves | 133 | €962,798 | €994,498 | +€31,700 | +3.3% |
| Profit (loss) carried forward | 14 | €464 | €469 | +€5 | +1.0% |
| Provisions and deferred taxes | 16 | €281,616 | €264,090 | -€17,526 | -6.2% |
| Deferred taxes | 168 | €281,616 | €264,090 | -€17,526 | -6.2% |
| Amounts payable | 17/49 | €523,241 | €468,159 | -€55,082 | -10.5% |
| Amounts payable after more than one year | 17 | €217,226 | €252,772 | +€35,546 | +16.4% |
| Financial debts | 170/4 | €217,226 | €252,772 | +€35,546 | +16.4% |
| Amounts payable within one year | 42/48 | €296,821 | €202,236 | -€94,584 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €40,381 | €59,828 | +€19,447 | +48.2% |
| Trade debts | 44 | €3,835 | €4,281 | +€446 | +11.6% |
| Suppliers | 440/4 | €3,835 | €4,281 | +€446 | +11.6% |
| Taxes, remuneration and social security | 45 | €14,341 | €0 | -€14,341 | -100.0% |
| Taxes | 450/3 | €8,625 | €0 | -€8,625 | -100.0% |
| Remuneration and social security | 454/9 | €5,717 | €0 | -€5,717 | -100.0% |
| Other amounts payable | 47/48 | €238,263 | €138,128 | -€100,135 | -42.0% |
| Accrued charges and deferred income | 492/3 | €9,195 | €13,151 | +€3,956 | +43.0% |
| Non-recurring operating income | 76A | - | €11,500 | +€11,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,089 | €88,243 | -€1,846 | -2.0% |
| Other operating charges | 640/8 | €17,162 | €17,316 | +€154 | +0.9% |
| Gross operating margin | 9900 | €106,149 | €116,881 | +€10,732 | +10.1% |
| Operating profit (loss) | 9901 | -€1,102 | €11,321 | +€12,423 | |
| Financial income | 75/76B | €755 | €262 | -€492 | -65.2% |
| Recurring financial income | 75 | €755 | €262 | -€492 | -65.2% |
| Financial charges | 65/66B | €13,518 | €18,129 | +€4,612 | +34.1% |
| Recurring financial charges | 65 | €13,518 | €18,129 | +€4,612 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,865 | -€6,546 | +€7,319 | +52.8% |
| Transfer from deferred taxes | 780 | €17,526 | €17,526 | = | 0.0% |
| Income taxes | 67/77 | €12,046 | €13,313 | +€1,267 | +10.5% |
| Profit (loss) for the period | 9904 | -€8,385 | -€2,333 | +€6,053 | +72.2% |
| Transfer from tax-exempt reserves | 789 | €34,037 | €34,037 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,652 | €31,705 | +€6,053 | +23.6% |
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 4 October 2026 via checked.be.