DE2 HOLDING: 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.
DE2 HOLDING
Largest movements
- Cash -€14,239
down €14,239 (-43.8%), from €32,474 to €18,234
mainly Debts after one year (-€27,999) and Other debts (-€25,000)
- Receivables within one year +€8,342
new in 2025: €8,342
of which Other amounts receivable: +€4,984
- Tangible fixed assets +€3,436
new in 2025: €3,436
- Profit (loss) carried forward +€45,601
up €45,601 (+197%), from €23,114 to €68,715
- Debts after one year -€27,999
down €27,999 (-14.8%), from €189,400 to €161,402
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts +€4,678
up €4,678 (+27.5%), from €17,020 to €21,698
- Gross operating margin +€39,208
up €39,208 (+116%), from €33,795 to €73,002
- Taxes +€6,356
up €6,356 (+110%), from €5,779 to €12,134
- Financial charges +€5,902
up €5,902 (+166%), from €3,553 to €9,455
- Other operating charges +€5,430
new in 2025: €5,430
- Depreciation -€967
down €967 (-71.7%), from €1,348 to €382
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 | €333,917 | €332,946 | -€971 | -0.3% |
| Fixed assets | 21/28 | €301,444 | €304,880 | +€3,436 | +1.1% |
| Tangible fixed assets | 22/27 | - | €3,436 | +€3,436 | |
| Other tangible fixed assets | 26 | - | €3,436 | +€3,436 | |
| Financial fixed assets | 28 | €301,444 | €301,444 | = | 0.0% |
| Current assets | 29/58 | €32,474 | €28,067 | -€4,407 | -13.6% |
| Amounts receivable within one year | 40/41 | - | €8,342 | +€8,342 | |
| Trade receivables | 40 | - | €3,358 | +€3,358 | |
| Other amounts receivable | 41 | - | €4,984 | +€4,984 | |
| Cash at bank and in hand | 54/58 | €32,474 | €18,234 | -€14,239 | -43.8% |
| Deferred charges and accrued income | 490/1 | - | €1,490 | +€1,490 | |
| Total equity and liabilities | 10/49 | €333,917 | €332,946 | -€971 | -0.3% |
| Equity | 10/15 | €73,114 | €118,715 | +€45,601 | +62.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,114 | €68,715 | +€45,601 | +197% |
| Amounts payable | 17/49 | €260,803 | €214,231 | -€46,572 | -17.9% |
| Amounts payable after more than one year | 17 | €189,400 | €161,402 | -€27,999 | -14.8% |
| Financial debts | 170/4 | €189,400 | €161,402 | -€27,999 | -14.8% |
| Amounts payable within one year | 42/48 | €71,403 | €52,830 | -€18,573 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €26,883 | €27,999 | +€1,115 | +4.1% |
| Trade debts | 44 | €2,500 | €3,133 | +€633 | +25.3% |
| Suppliers | 440/4 | €2,500 | €3,133 | +€633 | +25.3% |
| Taxes, remuneration and social security | 45 | €17,020 | €21,698 | +€4,678 | +27.5% |
| Taxes | 450/3 | €17,020 | €21,698 | +€4,678 | +27.5% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,348 | €382 | -€967 | -71.7% |
| Other operating charges | 640/8 | - | €5,430 | +€5,430 | |
| Gross operating margin | 9900 | €33,795 | €73,002 | +€39,208 | +116% |
| Operating profit (loss) | 9901 | €32,446 | €67,190 | +€34,744 | +107% |
| Financial charges | 65/66B | €3,553 | €9,455 | +€5,902 | +166% |
| Recurring financial charges | 65 | €3,553 | €9,455 | +€5,902 | +166% |
| Profit (loss) for the period before taxes | 9903 | €28,893 | €57,735 | +€28,842 | +99.8% |
| Income taxes | 67/77 | €5,779 | €12,134 | +€6,356 | +110% |
| Profit (loss) for the period | 9904 | €23,114 | €45,601 | +€22,487 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,114 | €45,601 | +€22,487 | +97.3% |
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 17 October 2026 via checked.be.