DE PUYDT Philippe: 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 PUYDT Philippe
Largest movements
- Tangible fixed assets -€20,377
down €20,377 (-12.8%), from €159,654 to €139,276
of which Land and buildings: -€13,710
- Deferred charges and accrued income +€8,719
new in 2025: €8,719
- Receivables within one year +€5,944
up €5,944 (+22.3%), from €26,653 to €32,597
of which Trade receivables: +€3,944
- Cash +€3,764
new in 2025: €3,764
mainly Net result for the year (+€27,547) and Depreciation (+€17,261)
- Profit (loss) carried forward +€27,547
up €27,547 (+93.7%), from -€29,410 to -€1,863
- Debts after one year -€19,623
down €19,623 (-18.3%), from €107,226 to €87,603
- Trade debts -€18,960
down €18,960 (-89.5%), from €21,189 to €2,229
- Other debts +€8,556
up €8,556 (+70.5%), from €12,141 to €20,697
- Tax, wage and social debts +€6,086
up €6,086 (+211%), from €2,887 to €8,972
of which Taxes: +€6,086
- Gross operating margin +€21,444
up €21,444 (+54.3%), from €39,505 to €60,949
- Taxes +€5,216
up €5,216 (+1,347%), from €387 to €5,603
- Depreciation -€3,276
down €3,276 (-16.0%), from €20,536 to €17,261
- Other operating charges +€2,268
up €2,268 (+182%), from €1,247 to €3,514
- Financial charges +€1,153
up €1,153 (+41.9%), from €2,754 to €3,907
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 | €190,443 | €188,492 | -€1,951 | -1.0% |
| Fixed assets | 21/28 | €163,790 | €143,412 | -€20,377 | -12.4% |
| Tangible fixed assets | 22/27 | €159,654 | €139,276 | -€20,377 | -12.8% |
| Land and buildings | 22 | €147,466 | €133,755 | -€13,710 | -9.3% |
| Plant, machinery and equipment | 23 | €4,281 | €203 | -€4,078 | -95.3% |
| Furniture and vehicles | 24 | €7,623 | €5,317 | -€2,306 | -30.2% |
| Other tangible fixed assets | 26 | €284 | €0 | -€284 | -100% |
| Financial fixed assets | 28 | €4,136 | €4,136 | = | 0.0% |
| Current assets | 29/58 | €26,653 | €45,080 | +€18,426 | +69.1% |
| Amounts receivable within one year | 40/41 | €26,653 | €32,597 | +€5,944 | +22.3% |
| Trade receivables | 40 | €22,347 | €26,291 | +€3,944 | +17.6% |
| Other amounts receivable | 41 | €4,307 | €6,307 | +€2,000 | +46.4% |
| Cash at bank and in hand | 54/58 | - | €3,764 | +€3,764 | |
| Deferred charges and accrued income | 490/1 | - | €8,719 | +€8,719 | |
| Total equity and liabilities | 10/49 | €190,443 | €188,492 | -€1,951 | -1.0% |
| Equity | 10/15 | €23,705 | €51,252 | +€27,547 | +116% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,915 | €46,915 | = | 0.0% |
| Distributable reserves | 133 | €46,915 | €46,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,410 | -€1,863 | +€27,547 | +93.7% |
| Amounts payable | 17/49 | €166,738 | €137,240 | -€29,498 | -17.7% |
| Amounts payable after more than one year | 17 | €107,226 | €87,603 | -€19,623 | -18.3% |
| Financial debts | 170/4 | €107,226 | €87,603 | -€19,623 | -18.3% |
| Amounts payable within one year | 42/48 | €59,512 | €49,637 | -€9,875 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €17,306 | €17,739 | +€433 | +2.5% |
| Financial debts | 43 | €5,989 | €0 | -€5,989 | -100% |
| Credit institutions | 430/8 | €5,989 | €0 | -€5,989 | -100% |
| Trade debts | 44 | €21,189 | €2,229 | -€18,960 | -89.5% |
| Suppliers | 440/4 | €21,189 | €2,229 | -€18,960 | -89.5% |
| Taxes, remuneration and social security | 45 | €2,887 | €8,972 | +€6,086 | +211% |
| Taxes | 450/3 | €2,887 | €8,972 | +€6,086 | +211% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,141 | €20,697 | +€8,556 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,536 | €17,261 | -€3,276 | -16.0% |
| Other operating charges | 640/8 | €1,247 | €3,514 | +€2,268 | +182% |
| Non-recurring operating charges | 66A | - | €3,117 | +€3,117 | |
| Gross operating margin | 9900 | €39,505 | €60,949 | +€21,444 | +54.3% |
| Operating profit (loss) | 9901 | €17,722 | €37,057 | +€19,335 | +109% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €2,754 | €3,907 | +€1,153 | +41.9% |
| Recurring financial charges | 65 | €2,754 | €3,907 | +€1,153 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €14,981 | €33,150 | +€18,168 | +121% |
| Income taxes | 67/77 | €387 | €5,603 | +€5,216 | +1,347% |
| Profit (loss) for the period | 9904 | €14,594 | €27,547 | +€12,953 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,594 | €27,547 | +€12,953 | +88.8% |
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 31 October 2026 via checked.be.