D.E.E.S: 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.
D.E.E.S
Largest movements
- Cash -€3,797
down €3,797 (-89.8%), from €4,226 to €429
mainly Net result for the year (-€4,179) and Deferred charges and accrued income (-€1,500)
- Tangible fixed assets -€2,070
down €2,070 (-13.8%), from €14,976 to €12,906
of which Furniture and vehicles: -€1,650
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Profit (loss) carried forward -€4,179
down €4,179 (-4.6%), from -€91,650 to -€95,828
- Gross operating margin -€10,248
down €10,248, from €8,638 to -€1,610
- Taxes -€401
down €401 (-100%), from €401 to €0
- Other operating charges -€104
down €104 (-20.0%), from €518 to €415
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 | €27,748 | €23,504 | -€4,244 | -15.3% |
| Fixed assets | 21/28 | €14,976 | €12,906 | -€2,070 | -13.8% |
| Tangible fixed assets | 22/27 | €14,976 | €12,906 | -€2,070 | -13.8% |
| Plant, machinery and equipment | 23 | €840 | €420 | -€420 | -50.0% |
| Furniture and vehicles | 24 | €14,136 | €12,486 | -€1,650 | -11.7% |
| Current assets | 29/58 | €12,772 | €10,598 | -€2,174 | -17.0% |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,546 | €1,669 | +€123 | +8.0% |
| Other amounts receivable | 41 | €1,546 | €1,669 | +€123 | +8.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,226 | €429 | -€3,797 | -89.8% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €27,748 | €23,504 | -€4,244 | -15.3% |
| Equity | 10/15 | -€16,567 | -€20,745 | -€4,179 | -25.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,083 | €13,083 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,943 | €2,943 | = | 0.0% |
| Distributable reserves | 133 | €10,140 | €10,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,650 | -€95,828 | -€4,179 | -4.6% |
| Amounts payable | 17/49 | €44,314 | €44,249 | -€65 | -0.1% |
| Amounts payable within one year | 42/48 | €44,314 | €44,249 | -€65 | -0.1% |
| Trade debts | 44 | €720 | €787 | +€67 | +9.3% |
| Suppliers | 440/4 | €720 | €787 | +€67 | +9.3% |
| Taxes, remuneration and social security | 45 | €533 | €401 | -€132 | -24.7% |
| Taxes | 450/3 | €533 | €401 | -€132 | -24.7% |
| Other amounts payable | 47/48 | €43,062 | €43,062 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,070 | €2,070 | = | 0.0% |
| Other operating charges | 640/8 | €518 | €415 | -€104 | -20.0% |
| Gross operating margin | 9900 | €8,638 | -€1,610 | -€10,248 | |
| Operating profit (loss) | 9901 | €6,049 | -€4,095 | -€10,144 | |
| Financial charges | 65/66B | €61 | €84 | +€24 | +38.9% |
| Recurring financial charges | 65 | €61 | €84 | +€24 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €5,989 | -€4,179 | -€10,168 | |
| Income taxes | 67/77 | €401 | €0 | -€401 | -100% |
| Profit (loss) for the period | 9904 | €5,588 | -€4,179 | -€9,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,588 | -€4,179 | -€9,766 |
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 25 October 2026 via checked.be.