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2DEK: what changed

Two fiscal 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.

What changed

2DEK

BE 0790.815.462
NACE 46.240, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,978
2024 · €15,648-€10,670
Equity
€76,446
2024 · €71,468+€4,978
Cash
€12,704
2024 · €15,818-€3,114
Balance sheet total
€194,349
2024 · €198,159-€3,810

Largest movements

2024 to 2025
Assets
  • Cash -€3,114

    down €3,114 (-19.7%), from €15,818 to €12,704

    mainly Debts after one year (-€13,782) and Investment in fixed assets (net) (-€11,063)

  • Stocks and contracts +€2,310

    up €2,310 (+2.4%), from €98,230 to €100,540

Equity and liabilities
  • Debts after one year -€13,782

    down €13,782 (-31.4%), from €43,933 to €30,151

  • Trade debts +€8,962

    up €8,962 (+77.6%), from €11,543 to €20,505

  • Tax, wage and social debts -€8,124

    down €8,124 (-57.7%), from €14,068 to €5,944

    of which Taxes: -€4,345

  • Reserves +€4,950

    up €4,950 (+7.1%), from €69,440 to €74,390

  • Other debts +€2,144

    up €2,144 (+5.6%), from €38,285 to €40,429

Income statement
  • Gross operating margin -€7,828

    down €7,828 (-13.4%), from €58,291 to €50,463

  • Depreciation +€6,908

    up €6,908 (+121.8%), from €5,669 to €12,577

  • Taxes -€3,945

    down €3,945 (-62.4%), from €6,324 to €2,380

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €15,648
Gross operating margin -€7,828
Staff costs +€271
Depreciation -€6,908
Other operating charges +€262
Financial income -€448
Financial charges +€36
Taxes +€3,945
Result 2025 €4,978

Cash bridge derived

cash 2024 to 2025

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.

From operations +€19,729
Investment -€11,063
Financing -€11,781
Cash 2024 €15,818
Net result for the year +€4,978
Depreciation +€12,577
Stocks and contracts -€2,310
Receivables within one year +€1,640
Deferred charges and accrued income -€149
Trade debts +€8,962
Tax, wage and social debts -€8,124
Other debts +€2,144
Accrued charges and deferred income +€11
Investment in fixed assets (net) -€11,063
Debts after one year -€13,782
Current portion of long-term debt +€2,001
Cash 2025 €12,704
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €198,159 €194,349 -€3,810 -1.9%
Fixed assets 21/28 €44,088 €42,574 -€1,514 -3.4%
Tangible fixed assets 22/27 €43,725 €42,211 -€1,514 -3.5%
Plant, machinery and equipment 23 €8,050 €9,448 +€1,397 +17.4%
Furniture and vehicles 24 €35,675 €32,764 -€2,911 -8.2%
Financial fixed assets 28 €363 €363 = 0.0%
Current assets 29/58 €154,071 €151,775 -€2,296 -1.5%
Stocks and contracts in progress 3 €98,230 €100,540 +€2,310 +2.4%
Stocks 30/36 €98,230 €100,540 +€2,310 +2.4%
Amounts receivable within one year 40/41 €39,385 €37,744 -€1,640 -4.2%
Trade receivables 40 €35,709 €34,627 -€1,082 -3.0%
Other amounts receivable 41 €3,676 €3,117 -€558 -15.2%
Cash at bank and in hand 54/58 €15,818 €12,704 -€3,114 -19.7%
Deferred charges and accrued income 490/1 €638 €787 +€149 +23.3%
Total equity and liabilities 10/49 €198,159 €194,349 -€3,810 -1.9%
Equity 10/15 €71,468 €76,446 +€4,978 +7.0%
Contributions 10/11 €2,000 €2,000 = 0.0%
Reserves 13 €69,440 €74,390 +€4,950 +7.1%
Distributable reserves 133 €69,440 €74,390 +€4,950 +7.1%
Profit (loss) carried forward 14 €28 €56 +€28 +102.7%
Amounts payable 17/49 €126,691 €117,903 -€8,788 -6.9%
Amounts payable after more than one year 17 €43,933 €30,151 -€13,782 -31.4%
Financial debts 170/4 €43,933 €30,151 -€13,782 -31.4%
Amounts payable within one year 42/48 €82,454 €87,437 +€4,983 +6.0%
Current portion of amounts payable after more than one year 42 €18,558 €20,559 +€2,001 +10.8%
Trade debts 44 €11,543 €20,505 +€8,962 +77.6%
Suppliers 440/4 €11,543 €20,505 +€8,962 +77.6%
Taxes, remuneration and social security 45 €14,068 €5,944 -€8,124 -57.7%
Taxes 450/3 €6,154 €1,809 -€4,345 -70.6%
Remuneration and social security 454/9 €7,915 €4,136 -€3,779 -47.7%
Other amounts payable 47/48 €38,285 €40,429 +€2,144 +5.6%
Accrued charges and deferred income 492/3 €304 €315 +€11 +3.5%
Remuneration, social security and pensions 62 €27,817 €27,545 -€271 -1.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €5,669 €12,577 +€6,908 +121.8%
Other operating charges 640/8 €1,064 €802 -€262 -24.7%
Gross operating margin 9900 €58,291 €50,463 -€7,828 -13.4%
Operating profit (loss) 9901 €23,741 €9,539 -€14,202 -59.8%
Financial income 75/76B €2,826 €2,378 -€448 -15.9%
Recurring financial income 75 €2,826 €2,378 -€448 -15.9%
Financial charges 65/66B €4,595 €4,559 -€36 -0.8%
Recurring financial charges 65 €4,595 €4,559 -€36 -0.8%
Profit (loss) for the period before taxes 9903 €21,972 €7,358 -€14,614 -66.5%
Income taxes 67/77 €6,324 €2,380 -€3,945 -62.4%
Profit (loss) for the period 9904 €15,648 €4,978 -€10,670 -68.2%
Profit (loss) for the period to be appropriated 9905 €15,648 €4,978 -€10,670 -68.2%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.