DEACE: 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.
DEACE
Largest movements
- Tangible fixed assets +€29,450
up €29,450 (+165.1%), from €17,834 to €47,284
of which Leasing and similar rights: +€28,884
- Cash +€16,328
up €16,328 (+394.4%), from €4,140 to €20,467
mainly Depreciation (+€27,111) and Net result for the year (+€25,526)
- Receivables within one year -€1,098
down €1,098 (-21.2%), from €5,188 to €4,090
of which Trade receivables: -€2,326
- Reserves +€35,050
new in 2025: €35,050
- Debts after one year +€16,070
up €16,070 (+147.8%), from €10,875 to €26,945
- Profit (loss) carried forward -€9,524
down €9,524 (-100.0%), from €9,524 to €0
- Current portion of long-term debt +€2,667
up €2,667 (+61.0%), from €4,373 to €7,041
- Gross operating margin +€42,199
up €42,199 (+283.1%), from €14,904 to €57,103
- Depreciation +€23,378
up €23,378 (+626.4%), from €3,732 to €27,111
- Taxes +€2,851
new in 2025: €2,851
- Financial charges +€653
up €653 (+90.0%), from €725 to €1,378
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 | €27,161 | €71,841 | +€44,680 | +164.5% |
| Fixed assets | 21/28 | €17,834 | €47,284 | +€29,450 | +165.1% |
| Tangible fixed assets | 22/27 | €17,834 | €47,284 | +€29,450 | +165.1% |
| Furniture and vehicles | 24 | €2,389 | €2,955 | +€566 | +23.7% |
| Leasing and similar rights | 25 | €15,444 | €44,328 | +€28,884 | +187.0% |
| Current assets | 29/58 | €9,327 | €24,557 | +€15,230 | +163.3% |
| Amounts receivable within one year | 40/41 | €5,188 | €4,090 | -€1,098 | -21.2% |
| Trade receivables | 40 | €3,452 | €1,125 | -€2,326 | -67.4% |
| Other amounts receivable | 41 | €1,736 | €2,965 | +€1,229 | +70.8% |
| Cash at bank and in hand | 54/58 | €4,140 | €20,467 | +€16,328 | +394.4% |
| Total equity and liabilities | 10/49 | €27,161 | €71,841 | +€44,680 | +164.5% |
| Equity | 10/15 | €11,524 | €37,050 | +€25,526 | +221.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €35,050 | +€35,050 | |
| Distributable reserves | 133 | - | €35,050 | +€35,050 | |
| Profit (loss) carried forward | 14 | €9,524 | €0 | -€9,524 | -100.0% |
| Amounts payable | 17/49 | €15,638 | €34,791 | +€19,153 | +122.5% |
| Amounts payable after more than one year | 17 | €10,875 | €26,945 | +€16,070 | +147.8% |
| Financial debts | 170/4 | €10,875 | €26,945 | +€16,070 | +147.8% |
| Amounts payable within one year | 42/48 | €4,763 | €7,846 | +€3,083 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €4,373 | €7,041 | +€2,667 | +61.0% |
| Trade debts | 44 | €390 | €805 | +€416 | +106.7% |
| Suppliers | 440/4 | €390 | €805 | +€416 | +106.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,732 | €27,111 | +€23,378 | +626.4% |
| Other operating charges | 640/8 | €969 | €531 | -€439 | -45.3% |
| Gross operating margin | 9900 | €14,904 | €57,103 | +€42,199 | +283.1% |
| Operating profit (loss) | 9901 | €10,203 | €29,462 | +€19,259 | +188.8% |
| Financial income | 75/76B | €46 | €293 | +€248 | +539.4% |
| Recurring financial income | 75 | €46 | €293 | +€248 | +539.4% |
| Financial charges | 65/66B | €725 | €1,378 | +€653 | +90.0% |
| Recurring financial charges | 65 | €725 | €1,378 | +€653 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €9,524 | €28,377 | +€18,854 | +198.0% |
| Income taxes | 67/77 | - | €2,851 | +€2,851 | |
| Profit (loss) for the period | 9904 | €9,524 | €25,526 | +€16,003 | +168.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,524 | €25,526 | +€16,003 | +168.0% |
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 8 October 2026 via checked.be.