A. DETHEUX: 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.
A. DETHEUX
Largest movements
- Cash -€1,739
down €1,739 (-33.6%), from €5,180 to €3,441
mainly Net result for the year (-€2,510) and Investment in fixed assets (net) (-€2,282)
- Receivables within one year +€727
up €727 (+182.2%), from €399 to €1,126
- Formation expenses -€171
down €171 (-39.9%), from €429 to €258
- Tangible fixed assets +€127
up €127 (+5.0%), from €2,518 to €2,645
of which Furniture and vehicles: +€342
- Profit (loss) carried forward -€2,510
down €2,510 (-32.0%), from -€7,845 to -€10,355
- Tax, wage and social debts +€961
up €961 (+241.5%), from €398 to €1,359
- Advances received +€335
new in 2025: €335
- Trade debts +€158
up €158 (+16.2%), from €975 to €1,133
- Turnover -€8,870
down €8,870 (-21.4%), from €41,452 to €32,582
- Purchases and services -€6,188
down €6,188 (-16.3%), from €37,968 to €31,780
- Gross operating margin -€2,681
down €2,681 (-77.0%), from €3,484 to €803
- Depreciation +€503
up €503 (+27.6%), from €1,823 to €2,326
- Taxes +€453
up €453 (+163.5%), from €277 to €730
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 | €12,371 | €11,315 | -€1,056 | -8.5% |
| Formation expenses | 20 | €429 | €258 | -€171 | -39.9% |
| Fixed assets | 21/28 | €6,363 | €6,490 | +€127 | +2.0% |
| Tangible fixed assets | 22/27 | €2,518 | €2,645 | +€127 | +5.0% |
| Furniture and vehicles | 24 | €346 | €688 | +€342 | +98.8% |
| Other tangible fixed assets | 26 | €2,172 | €1,957 | -€215 | -9.9% |
| Financial fixed assets | 28 | €3,845 | €3,845 | = | 0.0% |
| Current assets | 29/58 | €5,579 | €4,567 | -€1,012 | -18.1% |
| Amounts receivable within one year | 40/41 | €399 | €1,126 | +€727 | +182.2% |
| Trade receivables | 40 | €399 | €1,126 | +€727 | +182.2% |
| Cash at bank and in hand | 54/58 | €5,180 | €3,441 | -€1,739 | -33.6% |
| Total equity and liabilities | 10/49 | €12,371 | €11,315 | -€1,056 | -8.5% |
| Equity | 10/15 | €10,998 | €8,488 | -€2,510 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243 | €243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €243 | €243 | = | 0.0% |
| Reserves not available under the articles | 1311 | €243 | €243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,845 | -€10,355 | -€2,510 | -32.0% |
| Amounts payable | 17/49 | €1,373 | €2,827 | +€1,454 | +105.9% |
| Amounts payable within one year | 42/48 | €1,373 | €2,827 | +€1,454 | +105.9% |
| Trade debts | 44 | €975 | €1,133 | +€158 | +16.2% |
| Suppliers | 440/4 | €975 | €1,133 | +€158 | +16.2% |
| Advances received on contracts in progress | 46 | - | €335 | +€335 | |
| Taxes, remuneration and social security | 45 | €398 | €1,359 | +€961 | +241.5% |
| Taxes | 450/3 | €398 | €1,359 | +€961 | +241.5% |
| Turnover | 70 | €41,452 | €32,582 | -€8,870 | -21.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,968 | €31,780 | -€6,188 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,823 | €2,326 | +€503 | +27.6% |
| Gross operating margin | 9900 | €3,484 | €803 | -€2,681 | -77.0% |
| Operating profit (loss) | 9901 | €1,661 | -€1,523 | -€3,184 | |
| Financial income | 75/76B | €272 | - | -€272 | |
| Recurring financial income | 75 | €272 | - | -€272 | |
| Financial charges | 65/66B | €182 | €257 | +€75 | +41.2% |
| Recurring financial charges | 65 | €182 | €257 | +€75 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €1,751 | -€1,780 | -€3,531 | |
| Income taxes | 67/77 | €277 | €730 | +€453 | +163.5% |
| Profit (loss) for the period | 9904 | €1,474 | -€2,510 | -€3,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,474 | -€2,510 | -€3,984 |
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 9 October 2026 via checked.be.