B.Dezutter: 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.
B.Dezutter
Largest movements
- Current investments +€236,633
new in 2025: €236,633
- Cash -€68,890
down €68,890 (-32.3%), from €213,389 to €144,499
mainly Current investments (-€236,633) and Other debts (-€12,812)
- Reserves +€133,780
new in 2025: €133,780
- Tax, wage and social debts +€39,012
up €39,012 (+95.1%), from €41,034 to €80,046
of which Taxes: +€42,175
- Other debts -€12,812
down €12,812 (-36.3%), from €35,260 to €22,447
- Gross operating margin +€81,941
up €81,941 (+70.8%), from €115,709 to €197,651
- Taxes +€33,397
up €33,397 (+138.6%), from €24,092 to €57,488
- Financial income +€2,770
up €2,770 (+301077.2%), from €1 to €2,771
- Financial charges +€2,396
up €2,396 (+50.3%), from €4,763 to €7,159
- Other operating charges -€1,984
down €1,984 (-64.9%), from €3,059 to €1,075
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 | €261,202 | €425,873 | +€164,671 | +63.0% |
| Fixed assets | 21/28 | €1,590 | €671 | -€920 | -57.8% |
| Tangible fixed assets | 22/27 | €1,590 | €671 | -€920 | -57.8% |
| Furniture and vehicles | 24 | €1,590 | €671 | -€920 | -57.8% |
| Current assets | 29/58 | €259,612 | €425,202 | +€165,591 | +63.8% |
| Amounts receivable within one year | 40/41 | €34,786 | €32,179 | -€2,607 | -7.5% |
| Trade receivables | 40 | €34,786 | €32,179 | -€2,607 | -7.5% |
| Current investments | 50/53 | - | €236,633 | +€236,633 | |
| Cash at bank and in hand | 54/58 | €213,389 | €144,499 | -€68,890 | -32.3% |
| Deferred charges and accrued income | 490/1 | €11,437 | €11,892 | +€455 | +4.0% |
| Total equity and liabilities | 10/49 | €261,202 | €425,873 | +€164,671 | +63.0% |
| Equity | 10/15 | €181,831 | €315,611 | +€133,780 | +73.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €133,780 | +€133,780 | |
| Distributable reserves | 133 | - | €133,780 | +€133,780 | |
| Profit (loss) carried forward | 14 | €176,831 | €176,831 | = | 0.0% |
| Amounts payable | 17/49 | €79,371 | €110,262 | +€30,891 | +38.9% |
| Amounts payable within one year | 42/48 | €76,720 | €106,306 | +€29,586 | +38.6% |
| Trade debts | 44 | €426 | €3,813 | +€3,387 | +794.5% |
| Suppliers | 440/4 | €426 | €3,813 | +€3,387 | +794.5% |
| Taxes, remuneration and social security | 45 | €41,034 | €80,046 | +€39,012 | +95.1% |
| Taxes | 450/3 | €37,871 | €80,046 | +€42,175 | +111.4% |
| Remuneration and social security | 454/9 | €3,163 | €0 | -€3,163 | -100.0% |
| Other amounts payable | 47/48 | €35,260 | €22,447 | -€12,812 | -36.3% |
| Accrued charges and deferred income | 492/3 | €2,651 | €3,956 | +€1,305 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €812 | €920 | +€108 | +13.3% |
| Other operating charges | 640/8 | €3,059 | €1,075 | -€1,984 | -64.9% |
| Gross operating margin | 9900 | €115,709 | €197,651 | +€81,941 | +70.8% |
| Operating profit (loss) | 9901 | €111,838 | €195,656 | +€83,818 | +74.9% |
| Financial income | 75/76B | €1 | €2,771 | +€2,770 | +301077.2% |
| Recurring financial income | 75 | €1 | €2,771 | +€2,770 | +301077.2% |
| Financial charges | 65/66B | €4,763 | €7,159 | +€2,396 | +50.3% |
| Recurring financial charges | 65 | €4,763 | €7,159 | +€2,396 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €107,077 | €191,268 | +€84,192 | +78.6% |
| Income taxes | 67/77 | €24,092 | €57,488 | +€33,397 | +138.6% |
| Profit (loss) for the period | 9904 | €82,985 | €133,780 | +€50,795 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,985 | €133,780 | +€50,795 | +61.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.