PAUL DECRAEMER: what changed
What changed
PAUL DECRAEMER
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€21,658
2024 · €180,092-€158,434
Equity
€3.8m
2024 · €3.8m+€21,658
Cash
€530,358
2024 · €272,705+€257,653
Balance sheet total
€3.8m
2024 · €3.8m-€10,953
Largest movements
Assets
- Cash +€257,653
up €257,653 (+94.5%), from €272,705 to €530,358
mainly Current investments (+€250,310) and Net result for the year (+€21,658)
- Current investments -€250,310
down €250,310 (-9.3%), from €2.7m to €2.4m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€84,065
down €84,065, from €30,465 to -€53,600
- Financial charges +€67,979
up €67,979, from -€48,763 to €19,217
- Financial income -€34,630
down €34,630 (-24.1%), from €143,831 to €109,201
- Taxes -€27,961
down €27,961 (-74.5%), from €37,527 to €9,566
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€180,092
Gross operating margin
-€84,065
Depreciation
-€5
Other operating charges
+€284
Financial income
-€34,630
Financial charges
-€67,979
Taxes
+€27,961
Result 2025
€21,658
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,102
Investment
+€248,550
Financing
€0
Cash 2024
€272,705
From operations (derived)
+€9,102
Net result for the year
+€21,658
Depreciation
+€256
Receivables within one year
+€19,814
Smaller working-capital items
+€163
Trade debts
+€740
Tax, wage and social debts
-€20,248
Other debts
-€13,280
Investment (derived)
+€248,550
Investment in fixed assets (net)
-€1,760
Current investments
+€250,310
Cash 2025
€530,358
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,789,701 | €3,778,749 | -€10,953 | -0.3% |
| Fixed assets | 21/28 | €808,390 | €809,895 | +€1,504 | +0.2% |
| Tangible fixed assets | 22/27 | €190,478 | €191,983 | +€1,504 | +0.8% |
| Land and buildings | 22 | €189,588 | €189,588 | = | 0.0% |
| Plant, machinery and equipment | 23 | €891 | €2,395 | +€1,504 | +169% |
| Financial fixed assets | 28 | €617,912 | €617,912 | = | 0.0% |
| Current assets | 29/58 | €2,981,311 | €2,968,854 | -€12,457 | -0.4% |
| Amounts receivable within one year | 40/41 | €19,984 | €170 | -€19,814 | -99.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €19,984 | €170 | -€19,814 | -99.1% |
| Current investments | 50/53 | €2,687,042 | €2,436,732 | -€250,310 | -9.3% |
| Cash at bank and in hand | 54/58 | €272,705 | €530,358 | +€257,653 | +94.5% |
| Deferred charges and accrued income | 490/1 | €1,579 | €1,594 | +€14 | +0.9% |
| Total equity and liabilities | 10/49 | €3,789,701 | €3,778,749 | -€10,953 | -0.3% |
| Equity | 10/15 | €3,754,303 | €3,775,962 | +€21,658 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,735,703 | €3,757,362 | +€21,658 | +0.6% |
| Distributable reserves | 133 | €3,735,703 | €3,757,362 | +€21,658 | +0.6% |
| Amounts payable | 17/49 | €35,398 | €2,787 | -€32,611 | -92.1% |
| Amounts payable within one year | 42/48 | €35,398 | €2,610 | -€32,788 | -92.6% |
| Trade debts | 44 | €112 | €852 | +€740 | +661% |
| Suppliers | 440/4 | €112 | €852 | +€740 | +661% |
| Taxes, remuneration and social security | 45 | €22,006 | €1,757 | -€20,248 | -92.0% |
| Taxes | 450/3 | €22,006 | €1,757 | -€20,248 | -92.0% |
| Other amounts payable | 47/48 | €13,280 | €0 | -€13,280 | -100% |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251 | €256 | +€5 | +2.0% |
| Other operating charges | 640/8 | €5,188 | €4,904 | -€284 | -5.5% |
| Gross operating margin | 9900 | €30,465 | -€53,600 | -€84,065 | |
| Operating profit (loss) | 9901 | €25,026 | -€58,760 | -€83,786 | |
| Financial income | 75/76B | €143,831 | €109,201 | -€34,630 | -24.1% |
| Recurring financial income | 75 | €143,831 | €109,201 | -€34,630 | -24.1% |
| Financial charges | 65/66B | -€48,763 | €19,217 | +€67,979 | |
| Recurring financial charges | 65 | -€48,763 | €19,217 | +€67,979 | |
| Profit (loss) for the period before taxes | 9903 | €217,619 | €31,224 | -€186,395 | -85.7% |
| Income taxes | 67/77 | €37,527 | €9,566 | -€27,961 | -74.5% |
| Profit (loss) for the period | 9904 | €180,092 | €21,658 | -€158,434 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €180,092 | €21,658 | -€158,434 | -88.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.