Philippe DECUYPERE: 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.
Philippe DECUYPERE
Largest movements
- Receivables within one year +€32,964
up €32,964 (+143%), from €23,100 to €56,064
of which Trade receivables: +€42,964
- Cash -€3,341
down €3,341 (-14.4%), from €23,179 to €19,838
mainly Receivables within one year (-€32,964) and Stocks and contracts (-€1,700)
- Stocks and contracts +€1,700
new in 2025: €1,700
- Trade debts +€20,828
up €20,828 (+3,378%), from €617 to €21,444
- Profit (loss) carried forward +€11,395
up €11,395 (+91.7%), from -€12,420 to -€1,025
- Reserves -€1,566
no longer reported in 2025 (was €1,566)
- Gross operating margin +€13,772
up €13,772, from -€404 to €13,368
- Taxes +€1,100
new in 2025: €1,100
- Other operating charges +€534
up €534 (+29.7%), from €1,796 to €2,331
- Depreciation +€313
up €313 (+88.6%), from €353 to €666
- Financial income -€198
down €198 (-22.1%), from €897 to €698
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 | €49,257 | €79,914 | +€30,657 | +62.2% |
| Fixed assets | 21/28 | €2,978 | €2,312 | -€666 | -22.4% |
| Tangible fixed assets | 22/27 | €2,978 | €2,312 | -€666 | -22.4% |
| Plant, machinery and equipment | 23 | €174 | €136 | -€39 | -22.1% |
| Furniture and vehicles | 24 | €2,804 | €2,176 | -€628 | -22.4% |
| Current assets | 29/58 | €46,279 | €77,602 | +€31,323 | +67.7% |
| Stocks and contracts in progress | 3 | - | €1,700 | +€1,700 | |
| Stocks | 30/36 | - | €1,700 | +€1,700 | |
| Amounts receivable within one year | 40/41 | €23,100 | €56,064 | +€32,964 | +143% |
| Trade receivables | 40 | €1,349 | €44,312 | +€42,964 | +3,185% |
| Other amounts receivable | 41 | €21,751 | €11,751 | -€10,000 | -46.0% |
| Cash at bank and in hand | 54/58 | €23,179 | €19,838 | -€3,341 | -14.4% |
| Total equity and liabilities | 10/49 | €49,257 | €79,914 | +€30,657 | +62.2% |
| Equity | 10/15 | €48,640 | €58,470 | +€9,829 | +20.2% |
| Contributions | 10/11 | €59,494 | €59,494 | = | 0.0% |
| Reserves | 13 | €1,566 | - | -€1,566 | |
| Distributable reserves | 133 | €1,566 | - | -€1,566 | |
| Profit (loss) carried forward | 14 | -€12,420 | -€1,025 | +€11,395 | +91.7% |
| Amounts payable | 17/49 | €617 | €21,444 | +€20,828 | +3,378% |
| Amounts payable within one year | 42/48 | €617 | €21,444 | +€20,828 | +3,378% |
| Trade debts | 44 | €617 | €21,444 | +€20,828 | +3,378% |
| Suppliers | 440/4 | €617 | €21,444 | +€20,828 | +3,378% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €666 | +€313 | +88.6% |
| Other operating charges | 640/8 | €1,796 | €2,331 | +€534 | +29.7% |
| Gross operating margin | 9900 | -€404 | €13,368 | +€13,772 | |
| Operating profit (loss) | 9901 | -€2,553 | €10,371 | +€12,924 | |
| Financial income | 75/76B | €897 | €698 | -€198 | -22.1% |
| Recurring financial income | 75 | €897 | €698 | -€198 | -22.1% |
| Financial charges | 65/66B | €132 | €140 | +€8 | +6.3% |
| Recurring financial charges | 65 | €132 | €140 | +€8 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,788 | €10,929 | +€12,718 | |
| Income taxes | 67/77 | - | €1,100 | +€1,100 | |
| Profit (loss) for the period | 9904 | -€1,788 | €9,829 | +€11,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,788 | €9,829 | +€11,618 |
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.