DE TAEY: 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 TAEY
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€28,455
up €28,455 (+25.8%), from -€110,169 to -€81,714
- Reserves -€27,175
no longer reported in 2025 (was €27,175)
- Short-term financial debts -€9,127
down €9,127 (-55.1%), from €16,569 to €7,441
- Trade debts +€7,297
up €7,297 (+1.6%), from €446,763 to €454,060
- Gross operating margin -€4,108
down €4,108 (-42.2%), from €9,731 to €5,623
- Financial charges +€169
up €169 (+6.0%), from €2,804 to €2,973
- Depreciation -€130
down €130 (-17.7%), from €736 to €606
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,070 | €398,520 | -€550 | -0.1% |
| Formation expenses | 20 | €1,145 | €856 | -€288 | -25.2% |
| Fixed assets | 21/28 | €2,945 | €2,376 | -€569 | -19.3% |
| Tangible fixed assets | 22/27 | €2,926 | €2,357 | -€569 | -19.4% |
| Plant, machinery and equipment | 23 | €251 | - | -€251 | |
| Other tangible fixed assets | 26 | €2,675 | €2,357 | -€318 | -11.9% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €394,980 | €395,288 | +€308 | +0.1% |
| Stocks and contracts in progress | 3 | €151,800 | €148,582 | -€3,218 | -2.1% |
| Stocks | 30/36 | €151,800 | €148,582 | -€3,218 | -2.1% |
| Amounts receivable within one year | 40/41 | €242,751 | €245,285 | +€2,535 | +1.0% |
| Trade receivables | 40 | €83,106 | €80,815 | -€2,291 | -2.8% |
| Other amounts receivable | 41 | €159,645 | €164,470 | +€4,825 | +3.0% |
| Deferred charges and accrued income | 490/1 | €429 | €1,421 | +€991 | +230.8% |
| Total equity and liabilities | 10/49 | €399,070 | €398,520 | -€550 | -0.1% |
| Equity | 10/15 | -€64,402 | -€63,122 | +€1,280 | +2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,175 | - | -€27,175 | |
| Distributable reserves | 133 | €27,175 | - | -€27,175 | |
| Profit (loss) carried forward | 14 | -€110,169 | -€81,714 | +€28,455 | +25.8% |
| Amounts payable | 17/49 | €463,471 | €461,642 | -€1,829 | -0.4% |
| Amounts payable within one year | 42/48 | €463,471 | €461,642 | -€1,829 | -0.4% |
| Financial debts | 43 | €16,569 | €7,441 | -€9,127 | -55.1% |
| Credit institutions | 430/8 | €16,569 | €7,441 | -€9,127 | -55.1% |
| Trade debts | 44 | €446,763 | €454,060 | +€7,297 | +1.6% |
| Suppliers | 440/4 | €446,763 | €454,060 | +€7,297 | +1.6% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +1.0% |
| Taxes | 450/3 | €140 | €141 | +€1 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €606 | -€130 | -17.7% |
| Other operating charges | 640/8 | €688 | €623 | -€65 | -9.5% |
| Gross operating margin | 9900 | €9,731 | €5,623 | -€4,108 | -42.2% |
| Operating profit (loss) | 9901 | €8,307 | €4,394 | -€3,913 | -47.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,804 | €2,973 | +€169 | +6.0% |
| Recurring financial charges | 65 | €2,804 | €2,973 | +€169 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €5,503 | €1,421 | -€4,082 | -74.2% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €5,363 | €1,280 | -€4,083 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,363 | €1,280 | -€4,083 | -76.1% |
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 9 October 2026 via checked.be.