Daniel DEKAISE: 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
Daniel DEKAISE
NACE 47.631, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€55,723
2024 · €93,409-€149,132
Equity
€1.0m
2024 · €1.1m-€55,723
Cash
€48,695
2024 · €27,126+€21,569
Balance sheet total
€2.3m
2024 · €2.3m+€49,655
Largest movements
Assets
- Stocks and contracts -€84,741
down €84,741 (-4.9%), from €1.7m to €1.6m
- Receivables within one year +€81,180
up €81,180 (+79.1%), from €102,608 to €183,788
of which Trade receivables: +€89,381
Equity and liabilities
- Trade debts +€115,697
up €115,697 (+52.3%), from €221,080 to €336,777
- Profit (loss) carried forward -€55,723
down €55,723 (-44.9%), from €124,052 to €68,329
- Short-term financial debts +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Other debts -€45,226
down €45,226 (-16.0%), from €283,218 to €237,992
Income statement
- Gross operating margin -€151,891
down €151,891 (-29.4%), from €516,005 to €364,113
- Taxes -€35,320
down €35,320 (-98.7%), from €35,797 to €477
- Financial charges -€16,762
down €16,762 (-42.9%), from €39,040 to €22,278
- Staff costs -€7,893
down €7,893 (-2.5%), from €320,954 to €313,061
- Provisions +€6,345
no longer reported in 2025 (was -€6,345)
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.
Result 2024
€93,409
Gross operating margin
-€151,891
Staff costs
+€7,893
Depreciation
-€2,991
Provisions
-€6,345
Other operating charges
-€3,967
Other operating items
-€44,338
Financial income
+€424
Financial charges
+€16,762
Taxes
+€35,320
Result 2025
-€55,723
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.
From operations
+€57,966
Investment
-€66,983
Financing
+€30,586
Cash 2024
€27,126
From operations (derived)
+€57,966
Net result for the year
-€55,723
Depreciation
+€38,693
Stocks and contracts
+€84,741
Receivables within one year
-€81,180
Deferred charges and accrued income
-€3,357
Provisions
-€5,764
Trade debts
+€115,697
Tax, wage and social debts
+€7,001
Advances received
+€3,085
Other debts
-€45,226
Investment (derived)
-€66,983
Investment in fixed assets (net)
-€66,983
Financing
+€30,586
Current portion of long-term debt
-€19,414
Short-term financial debts
+€50,000
Cash 2025
€48,695
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,260,398 | €2,310,053 | +€49,655 | +2.2% |
| Fixed assets | 21/28 | €403,053 | €431,343 | +€28,290 | +7.0% |
| Intangible fixed assets | 21 | €7,409 | €9,776 | +€2,367 | +31.9% |
| Tangible fixed assets | 22/27 | €279,525 | €283,658 | +€4,134 | +1.5% |
| Land and buildings | 22 | €193,419 | €179,838 | -€13,580 | -7.0% |
| Plant, machinery and equipment | 23 | €75,732 | €98,510 | +€22,778 | +30.1% |
| Furniture and vehicles | 24 | €9,918 | €4,853 | -€5,064 | -51.1% |
| Assets under construction and advance payments | 27 | €457 | €457 | = | 0.0% |
| Financial fixed assets | 28 | €116,119 | €137,909 | +€21,790 | +18.8% |
| Current assets | 29/58 | €1,857,345 | €1,878,710 | +€21,365 | +1.2% |
| Stocks and contracts in progress | 3 | €1,720,382 | €1,635,642 | -€84,741 | -4.9% |
| Stocks | 30/36 | €1,720,382 | €1,635,642 | -€84,741 | -4.9% |
| Amounts receivable within one year | 40/41 | €102,608 | €183,788 | +€81,180 | +79.1% |
| Trade receivables | 40 | €68,172 | €157,553 | +€89,381 | +131.1% |
| Other amounts receivable | 41 | €34,436 | €26,235 | -€8,200 | -23.8% |
| Cash at bank and in hand | 54/58 | €27,126 | €48,695 | +€21,569 | +79.5% |
| Deferred charges and accrued income | 490/1 | €7,229 | €10,586 | +€3,357 | +46.4% |
| Total equity and liabilities | 10/49 | €2,260,398 | €2,310,053 | +€49,655 | +2.2% |
| Equity | 10/15 | €1,085,224 | €1,029,501 | -€55,723 | -5.1% |
| Contributions | 10/11 | €499,460 | €499,460 | = | 0.0% |
| Capital | 10 | €499,460 | €499,460 | = | 0.0% |
| Issued capital | 100 | €499,460 | €499,460 | = | 0.0% |
| Reserves | 13 | €461,713 | €461,713 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,249 | €6,249 | = | 0.0% |
| Legal reserve | 130 | €6,249 | €6,249 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €436,713 | €436,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,052 | €68,329 | -€55,723 | -44.9% |
| Provisions and deferred taxes | 16 | €5,764 | - | -€5,764 | |
| Provisions for liabilities and charges | 160/5 | €5,764 | - | -€5,764 | |
| Other liabilities and charges | 164/5 | €5,764 | - | -€5,764 | |
| Amounts payable | 17/49 | €1,169,410 | €1,280,552 | +€111,143 | +9.5% |
| Amounts payable after more than one year | 17 | €87,941 | €87,941 | = | 0.0% |
| Financial debts | 170/4 | €87,941 | €87,941 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,081,468 | €1,192,611 | +€111,143 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €35,622 | €16,208 | -€19,414 | -54.5% |
| Financial debts | 43 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Credit institutions | 430/8 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Trade debts | 44 | €221,080 | €336,777 | +€115,697 | +52.3% |
| Suppliers | 440/4 | €221,080 | €336,777 | +€115,697 | +52.3% |
| Advances received on contracts in progress | 46 | €311,823 | €314,908 | +€3,085 | +1.0% |
| Taxes, remuneration and social security | 45 | €79,725 | €86,725 | +€7,001 | +8.8% |
| Taxes | 450/3 | €40,014 | €47,336 | +€7,322 | +18.3% |
| Remuneration and social security | 454/9 | €39,711 | €39,389 | -€322 | -0.8% |
| Other amounts payable | 47/48 | €283,218 | €237,992 | -€45,226 | -16.0% |
| Non-recurring operating income | 76A | - | €2,354 | +€2,354 | |
| Remuneration, social security and pensions | 62 | €320,954 | €313,061 | -€7,893 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,702 | €38,693 | +€2,991 | +8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,345 | - | +€6,345 | |
| Other operating charges | 640/8 | €5,098 | €9,066 | +€3,967 | +77.8% |
| Non-recurring operating charges | 66A | €472 | €44,810 | +€44,338 | +9385.0% |
| Gross operating margin | 9900 | €516,005 | €364,113 | -€151,891 | -29.4% |
| Operating profit (loss) | 9901 | €160,123 | -€41,516 | -€201,639 | |
| Financial income | 75/76B | €8,123 | €8,548 | +€424 | +5.2% |
| Recurring financial income | 75 | €8,123 | €8,548 | +€424 | +5.2% |
| Financial charges | 65/66B | €39,040 | €22,278 | -€16,762 | -42.9% |
| Recurring financial charges | 65 | €39,040 | €22,278 | -€16,762 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €129,206 | -€55,246 | -€184,452 | |
| Income taxes | 67/77 | €35,797 | €477 | -€35,320 | -98.7% |
| Profit (loss) for the period | 9904 | €93,409 | -€55,723 | -€149,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,409 | -€55,723 | -€149,132 |
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 29 September 2026 via checked.be.