Dimitri DE BAECKER: 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.
Dimitri DE BAECKER
Largest movements
- Cash +€9,679
up €9,679 (+29.9%), from €32,357 to €42,036
mainly Depreciation (+€4,556) and Trade debts (+€3,248)
- Tangible fixed assets -€4,556
down €4,556 (-53.3%), from €8,555 to €3,999
of which Furniture and vehicles: -€3,980
- Receivables within one year +€687
up €687 (+12.8%), from €5,366 to €6,052
of which Trade receivables: +€687
- Trade debts +€3,248
up €3,248 (+144.5%), from €2,248 to €5,496
- Reserves +€1,786
up €1,786 (+13.3%), from €13,434 to €15,219
- Tax, wage and social debts +€1,693
up €1,693 (+35.4%), from €4,781 to €6,474
- Other debts -€1,253
down €1,253 (-14.3%), from €8,744 to €7,490
- Gross operating margin -€19,887
down €19,887 (-66.0%), from €30,125 to €10,239
- Taxes -€4,911
down €4,911 (-62.1%), from €7,912 to €3,001
- Financial charges -€302
down €302 (-61.6%), from €489 to €188
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 | €49,666 | €55,139 | +€5,473 | +11.0% |
| Fixed assets | 21/28 | €8,555 | €3,999 | -€4,556 | -53.3% |
| Tangible fixed assets | 22/27 | €8,555 | €3,999 | -€4,556 | -53.3% |
| Furniture and vehicles | 24 | €6,303 | €2,323 | -€3,980 | -63.1% |
| Other tangible fixed assets | 26 | €2,252 | €1,676 | -€576 | -25.6% |
| Current assets | 29/58 | €41,112 | €51,141 | +€10,029 | +24.4% |
| Amounts receivable within one year | 40/41 | €5,366 | €6,052 | +€687 | +12.8% |
| Trade receivables | 40 | €4,913 | €5,600 | +€687 | +14.0% |
| Other amounts receivable | 41 | €453 | €453 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,357 | €42,036 | +€9,679 | +29.9% |
| Deferred charges and accrued income | 490/1 | €3,389 | €3,052 | -€337 | -9.9% |
| Total equity and liabilities | 10/49 | €49,666 | €55,139 | +€5,473 | +11.0% |
| Equity | 10/15 | €33,894 | €35,679 | +€1,786 | +5.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €13,434 | €15,219 | +€1,786 | +13.3% |
| Distributable reserves | 133 | €13,434 | €15,219 | +€1,786 | +13.3% |
| Amounts payable | 17/49 | €15,772 | €19,460 | +€3,688 | +23.4% |
| Amounts payable within one year | 42/48 | €15,772 | €19,460 | +€3,688 | +23.4% |
| Trade debts | 44 | €2,248 | €5,496 | +€3,248 | +144.5% |
| Suppliers | 440/4 | €2,248 | €5,496 | +€3,248 | +144.5% |
| Taxes, remuneration and social security | 45 | €4,781 | €6,474 | +€1,693 | +35.4% |
| Taxes | 450/3 | €4,781 | €6,474 | +€1,693 | +35.4% |
| Other amounts payable | 47/48 | €8,744 | €7,490 | -€1,253 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,556 | €4,556 | = | 0.0% |
| Other operating charges | 640/8 | €692 | €708 | +€17 | +2.4% |
| Gross operating margin | 9900 | €30,125 | €10,239 | -€19,887 | -66.0% |
| Operating profit (loss) | 9901 | €24,878 | €4,975 | -€19,903 | -80.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €489 | €188 | -€302 | -61.6% |
| Recurring financial charges | 65 | €489 | €188 | -€302 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €24,390 | €4,787 | -€19,603 | -80.4% |
| Income taxes | 67/77 | €7,912 | €3,001 | -€4,911 | -62.1% |
| Profit (loss) for the period | 9904 | €16,477 | €1,786 | -€14,692 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,477 | €1,786 | -€14,692 | -89.2% |
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 11 October 2026 via checked.be.