DDEE: 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.
DDEE
Largest movements
- Cash +€30,889
up €30,889 (+17.1%), from €180,921 to €211,811
mainly Net result for the year (+€57,042) and Depreciation (+€37,310)
- Tangible fixed assets -€12,883
down €12,883 (-2.6%), from €493,862 to €480,978
of which Land and buildings: -€14,768
- Reserves +€47,221
up €47,221 (+16.1%), from €294,095 to €341,316
- Debts after one year -€34,206
down €34,206 (-10.5%), from €326,963 to €292,757
- Other debts +€9,072
up €9,072 (+74.8%), from €12,127 to €21,198
- Staff costs +€40,566
up €40,566 (+16.4%), from €247,283 to €287,849
- Gross operating margin -€20,800
down €20,800 (-4.6%), from €449,972 to €429,172
- Taxes -€19,575
down €19,575 (-45.5%), from €42,994 to €23,420
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 | €710,167 | €736,419 | +€26,252 | +3.7% |
| Fixed assets | 21/28 | €493,862 | €480,978 | -€12,883 | -2.6% |
| Tangible fixed assets | 22/27 | €493,862 | €480,978 | -€12,883 | -2.6% |
| Land and buildings | 22 | €427,483 | €412,715 | -€14,768 | -3.5% |
| Plant, machinery and equipment | 23 | €66,379 | €68,263 | +€1,884 | +2.8% |
| Current assets | 29/58 | €216,305 | €255,440 | +€39,135 | +18.1% |
| Stocks and contracts in progress | 3 | €16,659 | €20,214 | +€3,555 | +21.3% |
| Stocks | 30/36 | €16,659 | €20,214 | +€3,555 | +21.3% |
| Amounts receivable within one year | 40/41 | €17,567 | €22,304 | +€4,738 | +27.0% |
| Trade receivables | 40 | - | €116 | +€116 | |
| Other amounts receivable | 41 | €17,567 | €22,189 | +€4,622 | +26.3% |
| Cash at bank and in hand | 54/58 | €180,921 | €211,811 | +€30,889 | +17.1% |
| Deferred charges and accrued income | 490/1 | €1,158 | €1,112 | -€47 | -4.0% |
| Total equity and liabilities | 10/49 | €710,167 | €736,419 | +€26,252 | +3.7% |
| Equity | 10/15 | €309,095 | €356,316 | +€47,221 | +15.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €294,095 | €341,316 | +€47,221 | +16.1% |
| Distributable reserves | 133 | €294,095 | €341,316 | +€47,221 | +16.1% |
| Amounts payable | 17/49 | €401,072 | €380,102 | -€20,970 | -5.2% |
| Amounts payable after more than one year | 17 | €326,963 | €292,757 | -€34,206 | -10.5% |
| Financial debts | 170/4 | €326,963 | €292,757 | -€34,206 | -10.5% |
| Amounts payable within one year | 42/48 | €74,109 | €87,345 | +€13,237 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €34,527 | €34,206 | -€321 | -0.9% |
| Trade debts | 44 | €190 | €5,894 | +€5,704 | +3000.1% |
| Suppliers | 440/4 | €190 | €5,894 | +€5,704 | +3000.1% |
| Taxes, remuneration and social security | 45 | €27,265 | €26,047 | -€1,218 | -4.5% |
| Taxes | 450/3 | €16,616 | €20,402 | +€3,787 | +22.8% |
| Remuneration and social security | 454/9 | €10,650 | €5,644 | -€5,005 | -47.0% |
| Other amounts payable | 47/48 | €12,127 | €21,198 | +€9,072 | +74.8% |
| Remuneration, social security and pensions | 62 | €247,283 | €287,849 | +€40,566 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,731 | €37,310 | +€580 | +1.6% |
| Other operating charges | 640/8 | €6,491 | €4,554 | -€1,937 | -29.8% |
| Gross operating margin | 9900 | €449,972 | €429,172 | -€20,800 | -4.6% |
| Operating profit (loss) | 9901 | €159,468 | €99,460 | -€60,008 | -37.6% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.7% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.7% |
| Financial charges | 65/66B | €14,975 | €18,998 | +€4,023 | +26.9% |
| Recurring financial charges | 65 | €14,975 | €18,998 | +€4,023 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €144,535 | €80,462 | -€64,073 | -44.3% |
| Income taxes | 67/77 | €42,994 | €23,420 | -€19,575 | -45.5% |
| Profit (loss) for the period | 9904 | €101,541 | €57,042 | -€44,499 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,541 | €57,042 | -€44,499 | -43.8% |
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.