RUBEN DESIMPELAERE: what changed
RUBEN DESIMPELAERE
Largest movements
- Stocks and contracts -€62,490
down €62,490 (-72.2%), from €86,558 to €24,068
of which Contracts in progress: -€50,043
- Cash +€60,740
up €60,740 (+225%), from €26,963 to €87,703
mainly Stocks and contracts (+€62,490) and Depreciation (+€12,205)
- Receivables within one year +€12,595
up €12,595 (+62.6%), from €20,126 to €32,721
of which Trade receivables: +€10,403
- Tangible fixed assets -€12,205
down €12,205 (-9.0%), from €135,414 to €123,209
of which Land and buildings: -€10,160
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€32,489
down €32,489 (-69.2%), from €46,933 to €14,444
- Taxes -€5,982
down €5,982 (-89.0%), from €6,722 to €740
- Financial charges -€2,949
down €2,949 (-98.2%), from €3,003 to €54
- Depreciation -€1,970
down €1,970 (-13.9%), from €14,176 to €12,205
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,061 | €267,700 | -€1,361 | -0.5% |
| Fixed assets | 21/28 | €135,414 | €123,209 | -€12,205 | -9.0% |
| Tangible fixed assets | 22/27 | €135,414 | €123,209 | -€12,205 | -9.0% |
| Land and buildings | 22 | €129,808 | €119,648 | -€10,160 | -7.8% |
| Plant, machinery and equipment | 23 | €5,606 | €3,561 | -€2,046 | -36.5% |
| Current assets | 29/58 | €133,647 | €144,492 | +€10,845 | +8.1% |
| Stocks and contracts in progress | 3 | €86,558 | €24,068 | -€62,490 | -72.2% |
| Stocks | 30/36 | €31,515 | €19,068 | -€12,447 | -39.5% |
| Contracts in progress | 37 | €55,043 | €5,000 | -€50,043 | -90.9% |
| Amounts receivable within one year | 40/41 | €20,126 | €32,721 | +€12,595 | +62.6% |
| Trade receivables | 40 | €6,272 | €16,675 | +€10,403 | +166% |
| Other amounts receivable | 41 | €13,854 | €16,046 | +€2,192 | +15.8% |
| Cash at bank and in hand | 54/58 | €26,963 | €87,703 | +€60,740 | +225% |
| Total equity and liabilities | 10/49 | €269,061 | €267,700 | -€1,361 | -0.5% |
| Equity | 10/15 | €184,294 | €185,437 | +€1,143 | +0.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €163,834 | €164,977 | +€1,143 | +0.7% |
| Distributable reserves | 133 | €163,834 | €164,977 | +€1,143 | +0.7% |
| Amounts payable | 17/49 | €84,767 | €82,263 | -€2,504 | -3.0% |
| Amounts payable within one year | 42/48 | €84,767 | €82,263 | -€2,504 | -3.0% |
| Trade debts | 44 | €13,927 | €13,490 | -€437 | -3.1% |
| Suppliers | 440/4 | €13,927 | €13,490 | -€437 | -3.1% |
| Taxes, remuneration and social security | 45 | €900 | €900 | = | 0.0% |
| Taxes | 450/3 | €900 | €900 | = | 0.0% |
| Other amounts payable | 47/48 | €69,940 | €67,873 | -€2,067 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,176 | €12,205 | -€1,970 | -13.9% |
| Other operating charges | 640/8 | €853 | €410 | -€443 | -52.0% |
| Gross operating margin | 9900 | €46,933 | €14,444 | -€32,489 | -69.2% |
| Operating profit (loss) | 9901 | €31,904 | €1,829 | -€30,075 | -94.3% |
| Financial income | 75/76B | €51 | €108 | +€57 | +113% |
| Recurring financial income | 75 | €51 | €108 | +€57 | +113% |
| Financial charges | 65/66B | €3,003 | €54 | -€2,949 | -98.2% |
| Recurring financial charges | 65 | €3,003 | €54 | -€2,949 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €28,952 | €1,883 | -€27,069 | -93.5% |
| Income taxes | 67/77 | €6,722 | €740 | -€5,982 | -89.0% |
| Profit (loss) for the period | 9904 | €22,230 | €1,143 | -€21,087 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,230 | €1,143 | -€21,087 | -94.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.