DEAN: 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.
DEAN
Largest movements
- Tangible fixed assets -€105,661
down €105,661 (-5.0%), from €2.1m to €2.0m
of which Land and buildings: -€91,376
- Current investments -€59,656
down €59,656 (-26.2%), from €227,403 to €167,747
- Cash +€42,135
up €42,135 (+1190.7%), from €3,539 to €45,674
mainly Depreciation (+€148,044) and Current investments (+€59,656)
- Profit (loss) carried forward -€105,907
down €105,907 (-24.0%), from -€442,184 to -€548,091
- Financial income -€42,105
down €42,105 (-94.2%), from €44,686 to €2,581
of which Non-recurring financial income: -€27,980
- Depreciation +€32,658
up €32,658 (+28.3%), from €115,386 to €148,044
- Gross operating margin +€19,963
up €19,963 (+50.6%), from €39,490 to €59,454
- Financial charges -€3,255
down €3,255 (-27.0%), from €12,051 to €8,797
of which Non-recurring financial charges: -€2,615
- Other operating charges +€1,407
up €1,407 (+15.4%), from €9,148 to €10,555
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,348,160 | €2,225,059 | -€123,101 | -5.2% |
| Fixed assets | 21/28 | €2,111,559 | €2,005,898 | -€105,661 | -5.0% |
| Tangible fixed assets | 22/27 | €2,111,253 | €2,005,592 | -€105,661 | -5.0% |
| Land and buildings | 22 | €2,057,209 | €1,965,833 | -€91,376 | -4.4% |
| Plant, machinery and equipment | 23 | €11,016 | €7,911 | -€3,105 | -28.2% |
| Furniture and vehicles | 24 | €43,028 | €31,848 | -€11,180 | -26.0% |
| Financial fixed assets | 28 | €306 | €306 | = | 0.0% |
| Current assets | 29/58 | €236,602 | €219,161 | -€17,441 | -7.4% |
| Amounts receivable within one year | 40/41 | €4,473 | €4,699 | +€226 | +5.0% |
| Other amounts receivable | 41 | €4,473 | €4,699 | +€226 | +5.0% |
| Current investments | 50/53 | €227,403 | €167,747 | -€59,656 | -26.2% |
| Cash at bank and in hand | 54/58 | €3,539 | €45,674 | +€42,135 | +1190.7% |
| Deferred charges and accrued income | 490/1 | €1,187 | €1,042 | -€145 | -12.2% |
| Total equity and liabilities | 10/49 | €2,348,160 | €2,225,059 | -€123,101 | -5.2% |
| Equity | 10/15 | €80,212 | -€25,695 | -€105,907 | |
| Contributions | 10/11 | €501,859 | €501,859 | = | 0.0% |
| Reserves | 13 | €20,537 | €20,537 | = | 0.0% |
| Distributable reserves | 133 | €20,537 | €20,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€442,184 | -€548,091 | -€105,907 | -24.0% |
| Amounts payable | 17/49 | €2,267,948 | €2,250,754 | -€17,194 | -0.8% |
| Amounts payable after more than one year | 17 | €25,334 | €17,613 | -€7,721 | -30.5% |
| Financial debts | 170/4 | €25,334 | €17,613 | -€7,721 | -30.5% |
| Amounts payable within one year | 42/48 | €2,241,145 | €2,232,539 | -€8,606 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €7,475 | €7,721 | +€246 | +3.3% |
| Trade debts | 44 | €11,808 | €9,969 | -€1,839 | -15.6% |
| Suppliers | 440/4 | €11,808 | €9,969 | -€1,839 | -15.6% |
| Other amounts payable | 47/48 | €2,221,862 | €2,214,849 | -€7,014 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,469 | €602 | -€867 | -59.0% |
| Non-recurring operating income | 76A | €1,415 | - | -€1,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,386 | €148,044 | +€32,658 | +28.3% |
| Other operating charges | 640/8 | €9,148 | €10,555 | +€1,407 | +15.4% |
| Gross operating margin | 9900 | €39,490 | €59,454 | +€19,963 | +50.6% |
| Operating profit (loss) | 9901 | -€85,044 | -€99,145 | -€14,101 | -16.6% |
| Financial income | 75/76B | €44,686 | €2,581 | -€42,105 | -94.2% |
| Recurring financial income | 75 | €16,706 | €2,581 | -€14,125 | -84.6% |
| Non-recurring financial income | 76B | €27,980 | - | -€27,980 | |
| Financial charges | 65/66B | €12,051 | €8,797 | -€3,255 | -27.0% |
| Recurring financial charges | 65 | €1,600 | €961 | -€639 | -40.0% |
| Non-recurring financial charges | 66B | €10,451 | €7,836 | -€2,615 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€52,409 | -€105,361 | -€52,952 | -101.0% |
| Income taxes | 67/77 | €538 | €546 | +€8 | +1.4% |
| Profit (loss) for the period | 9904 | -€52,947 | -€105,907 | -€52,959 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,947 | -€105,907 | -€52,959 | -100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.