Daniel DEKENS: 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.
Daniel DEKENS
Largest movements
- Cash -€10,765
down €10,765 (-41.5%), from €25,911 to €15,146
mainly Contributions, distributions and other (-€23,529) and Investment in fixed assets (net) (-€20,207)
- Receivables within one year -€8,655
down €8,655 (-28.8%), from €30,065 to €21,410
of which Trade receivables: -€4,476
- Tangible fixed assets +€6,609
up €6,609 (+19.7%), from €33,548 to €40,157
of which Furniture and vehicles: +€7,480
- Profit (loss) carried forward -€17,784
down €17,784 (-31.3%), from €56,877 to €39,092
- Other debts +€7,735
up €7,735 (+38.7%), from €19,974 to €27,709
- Trade debts -€2,823
down €2,823 (-58.5%), from €4,829 to €2,006
- Gross operating margin -€2,878
down €2,878 (-10.7%), from €26,887 to €24,009
- Depreciation +€2,709
up €2,709 (+24.9%), from €10,889 to €13,598
- Taxes -€1,365
down €1,365 (-36.7%), from €3,718 to €2,353
- Staff costs +€290
new in 2025: €290
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 | €89,684 | €77,342 | -€12,342 | -13.8% |
| Fixed assets | 21/28 | €33,548 | €40,157 | +€6,609 | +19.7% |
| Tangible fixed assets | 22/27 | €33,548 | €40,157 | +€6,609 | +19.7% |
| Plant, machinery and equipment | 23 | €4,275 | €3,405 | -€871 | -20.4% |
| Furniture and vehicles | 24 | €29,272 | €36,752 | +€7,480 | +25.6% |
| Current assets | 29/58 | €56,136 | €37,185 | -€18,951 | -33.8% |
| Amounts receivable within one year | 40/41 | €30,065 | €21,410 | -€8,655 | -28.8% |
| Trade receivables | 40 | €17,957 | €13,481 | -€4,476 | -24.9% |
| Other amounts receivable | 41 | €12,108 | €7,929 | -€4,179 | -34.5% |
| Cash at bank and in hand | 54/58 | €25,911 | €15,146 | -€10,765 | -41.5% |
| Deferred charges and accrued income | 490/1 | €160 | €629 | +€469 | +292.6% |
| Total equity and liabilities | 10/49 | €89,684 | €77,342 | -€12,342 | -13.8% |
| Equity | 10/15 | €57,877 | €40,092 | -€17,784 | -30.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,877 | €39,092 | -€17,784 | -31.3% |
| Amounts payable | 17/49 | €31,807 | €37,249 | +€5,442 | +17.1% |
| Amounts payable within one year | 42/48 | €31,807 | €37,249 | +€5,442 | +17.1% |
| Trade debts | 44 | €4,829 | €2,006 | -€2,823 | -58.5% |
| Suppliers | 440/4 | €4,829 | €2,006 | -€2,823 | -58.5% |
| Taxes, remuneration and social security | 45 | €7,005 | €7,535 | +€530 | +7.6% |
| Taxes | 450/3 | €7,005 | €7,535 | +€530 | +7.6% |
| Other amounts payable | 47/48 | €19,974 | €27,709 | +€7,735 | +38.7% |
| Remuneration, social security and pensions | 62 | - | €290 | +€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,889 | €13,598 | +€2,709 | +24.9% |
| Other operating charges | 640/8 | €483 | €596 | +€113 | +23.4% |
| Non-recurring operating charges | 66A | - | €1,067 | +€1,067 | |
| Gross operating margin | 9900 | €26,887 | €24,009 | -€2,878 | -10.7% |
| Operating profit (loss) | 9901 | €15,514 | €8,458 | -€7,056 | -45.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €351 | €361 | +€10 | +2.8% |
| Recurring financial charges | 65 | €351 | €361 | +€10 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €15,164 | €8,098 | -€7,066 | -46.6% |
| Income taxes | 67/77 | €3,718 | €2,353 | -€1,365 | -36.7% |
| Profit (loss) for the period | 9904 | €11,446 | €5,745 | -€5,701 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,446 | €5,745 | -€5,701 | -49.8% |
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 2 October 2026 via checked.be.