Dennis De Block: 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.
Dennis De Block
Largest movements
- Receivables within one year +€33,851
up €33,851 (+1,021%), from €3,316 to €37,168
of which Trade receivables: +€34,551
- Cash -€17,500
down €17,500 (-74.6%), from €23,445 to €5,945
mainly Contributions, distributions and other (-€35,745) and Receivables within one year (-€33,851)
- Other debts +€42,724
up €42,724, from €0 to €42,724
- Reserves -€31,000
down €31,000 (-97.3%), from €31,862 to €862
- Trade debts +€9,064
up €9,064 (+344%), from €2,635 to €11,699
- Tax, wage and social debts -€4,108
down €4,108 (-75.4%), from €5,451 to €1,342
- Gross operating margin -€16,239
down €16,239 (-50.5%), from €32,157 to €15,919
- Taxes -€3,606
down €3,606 (-63.3%), from €5,698 to €2,092
- Financial charges +€1,331
up €1,331 (+58.2%), from €2,289 to €3,620
- Depreciation +€690
up €690 (+19.1%), from €3,608 to €4,298
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 | €44,948 | €61,628 | +€16,680 | +37.1% |
| Fixed assets | 21/28 | €14,805 | €14,737 | -€68 | -0.5% |
| Tangible fixed assets | 22/27 | €14,805 | €14,737 | -€68 | -0.5% |
| Plant, machinery and equipment | 23 | €1,719 | €1,324 | -€395 | -23.0% |
| Furniture and vehicles | 24 | €5,269 | €6,820 | +€1,551 | +29.4% |
| Other tangible fixed assets | 26 | €7,816 | €6,593 | -€1,224 | -15.7% |
| Current assets | 29/58 | €30,144 | €46,891 | +€16,747 | +55.6% |
| Amounts receivable within one year | 40/41 | €3,316 | €37,168 | +€33,851 | +1,021% |
| Trade receivables | 40 | €480 | €35,031 | +€34,551 | +7,191% |
| Other amounts receivable | 41 | €2,836 | €2,137 | -€699 | -24.7% |
| Cash at bank and in hand | 54/58 | €23,445 | €5,945 | -€17,500 | -74.6% |
| Deferred charges and accrued income | 490/1 | €3,383 | €3,779 | +€396 | +11.7% |
| Total equity and liabilities | 10/49 | €44,948 | €61,628 | +€16,680 | +37.1% |
| Equity | 10/15 | €36,862 | €5,862 | -€31,000 | -84.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,862 | €862 | -€31,000 | -97.3% |
| Distributable reserves | 133 | €31,862 | €862 | -€31,000 | -97.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,086 | €55,766 | +€47,680 | +590% |
| Amounts payable within one year | 42/48 | €8,086 | €55,766 | +€47,680 | +590% |
| Trade debts | 44 | €2,635 | €11,699 | +€9,064 | +344% |
| Suppliers | 440/4 | €2,635 | €11,699 | +€9,064 | +344% |
| Taxes, remuneration and social security | 45 | €5,451 | €1,342 | -€4,108 | -75.4% |
| Taxes | 450/3 | €5,451 | €1,342 | -€4,108 | -75.4% |
| Other amounts payable | 47/48 | €0 | €42,724 | +€42,724 | |
| Non-recurring operating income | 76A | - | €6,276 | +€6,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,608 | €4,298 | +€690 | +19.1% |
| Other operating charges | 640/8 | €1,403 | €1,163 | -€240 | -17.1% |
| Gross operating margin | 9900 | €32,157 | €15,919 | -€16,239 | -50.5% |
| Operating profit (loss) | 9901 | €27,146 | €10,458 | -€16,689 | -61.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,289 | €3,620 | +€1,331 | +58.2% |
| Recurring financial charges | 65 | €2,289 | €3,620 | +€1,331 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | €24,857 | €6,837 | -€18,020 | -72.5% |
| Income taxes | 67/77 | €5,698 | €2,092 | -€3,606 | -63.3% |
| Profit (loss) for the period | 9904 | €19,159 | €4,745 | -€14,414 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,159 | €4,745 | -€14,414 | -75.2% |
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 28 October 2026 via checked.be.