DER BOEDE: 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.
DER BOEDE
Largest movements
- Current investments -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Receivables after one year -€287,847
down €287,847 (-28.2%), from €1.0m to €731,766
- Cash +€132,080
up €132,080 (+84.9%), from €155,487 to €287,567
mainly Current investments (+€1.1m) and Receivables after one year (+€287,847)
- Debts after one year -€1.3m
down €1.3m (-57.0%), from €2.3m to €1.0m
- Profit (loss) carried forward +€42,140
up €42,140 (+21.4%), from €197,161 to €239,301
- Tax, wage and social debts +€37,806
up €37,806 (+1038.7%), from €3,640 to €41,445
- Accrued charges and deferred income +€35,664
up €35,664 (+107.8%), from €33,082 to €68,746
- Financial charges -€21,844
down €21,844 (-16.4%), from €133,101 to €111,256
- Taxes +€7,078
up €7,078 (+87.0%), from €8,140 to €15,217
- Financial income -€5,874
down €5,874 (-26.4%), from €22,231 to €16,356
of which Financial income: -€10,874
- Turnover -€4,136
down €4,136 (-1.8%), from €231,024 to €226,889
- Purchases and services -€3,924
down €3,924 (-5.1%), from €77,468 to €73,544
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
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 | €2,591,883 | €1,389,030 | -€1.2m | -46.4% |
| Current assets | 29/58 | €2,591,883 | €1,389,030 | -€1.2m | -46.4% |
| Amounts receivable after more than one year | 29 | €1,019,612 | €731,766 | -€287,847 | -28.2% |
| Trade receivables | 290 | €1,019,612 | €731,766 | -€287,847 | -28.2% |
| Amounts receivable within one year | 40/41 | €364,758 | €369,697 | +€4,939 | +1.4% |
| Trade receivables | 40 | €363,155 | €368,489 | +€5,334 | +1.5% |
| Other amounts receivable | 41 | €1,602 | €1,208 | -€395 | -24.6% |
| Current investments | 50/53 | €1,050,000 | €0 | -€1.1m | -100.0% |
| Cash at bank and in hand | 54/58 | €155,487 | €287,567 | +€132,080 | +84.9% |
| Deferred charges and accrued income | 490/1 | €2,026 | - | -€2,026 | |
| Total equity and liabilities | 10/49 | €2,591,883 | €1,389,030 | -€1.2m | -46.4% |
| Equity | 10/15 | €232,161 | €274,301 | +€42,140 | +18.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,161 | €239,301 | +€42,140 | +21.4% |
| Amounts payable | 17/49 | €2,359,722 | €1,114,729 | -€1.2m | -52.8% |
| Amounts payable after more than one year | 17 | €2,323,000 | €1,000,000 | -€1.3m | -57.0% |
| Financial debts | 170/4 | €2,323,000 | €1,000,000 | -€1.3m | -57.0% |
| Amounts payable within one year | 42/48 | €3,640 | €45,983 | +€42,343 | +1163.4% |
| Trade debts | 44 | - | €4,538 | +€4,538 | |
| Suppliers | 440/4 | - | €4,538 | +€4,538 | |
| Taxes, remuneration and social security | 45 | €3,640 | €41,445 | +€37,806 | +1038.7% |
| Taxes | 450/3 | €3,640 | €41,445 | +€37,806 | +1038.7% |
| Accrued charges and deferred income | 492/3 | €33,082 | €68,746 | +€35,664 | +107.8% |
| Turnover | 70 | €231,024 | €226,889 | -€4,136 | -1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €77,468 | €73,544 | -€3,924 | -5.1% |
| Other operating charges | 640/8 | €28,821 | €27,607 | -€1,214 | -4.2% |
| Gross operating margin | 9900 | €181,127 | €179,866 | -€1,262 | -0.7% |
| Operating profit (loss) | 9901 | €152,306 | €152,258 | -€48 | 0.0% |
| Financial income | 75/76B | €22,231 | €16,356 | -€5,874 | -26.4% |
| Recurring financial income | 75 | €22,231 | €11,356 | -€10,874 | -48.9% |
| Non-recurring financial income | 76B | - | €5,000 | +€5,000 | |
| Financial charges | 65/66B | €133,101 | €111,256 | -€21,844 | -16.4% |
| Recurring financial charges | 65 | €133,101 | €111,256 | -€21,844 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €41,436 | €57,358 | +€15,922 | +38.4% |
| Income taxes | 67/77 | €8,140 | €15,217 | +€7,078 | +87.0% |
| Profit (loss) for the period | 9904 | €33,296 | €42,140 | +€8,844 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,296 | €42,140 | +€8,844 | +26.6% |
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 10 October 2026 via checked.be.