DEAN - 8: 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 - 8
Largest movements
- Cash -€304,000
down €304,000 (-33.8%), from €898,797 to €594,796
mainly Receivables within one year (-€122,470) and Tax, wage and social debts (-€89,287)
- Receivables within one year +€122,470
up €122,470 (+33.6%), from €364,978 to €487,448
of which Other amounts receivable: +€112,572
- Tax, wage and social debts -€89,287
down €89,287 (-96.1%), from €92,910 to €3,623
- Current portion of long-term debt -€82,915
no longer reported in 2025 (was €82,915)
- Profit (loss) carried forward +€77,058
up €77,058 (+276.4%), from €27,877 to €104,935
- Trade debts -€36,609
down €36,609 (-23.0%), from €159,223 to €122,614
- Reserves -€33,562
down €33,562 (-3.1%), from €1.1m to €1.0m
of which Tax-exempt reserves: -€33,562
- Gross operating margin -€842,348
down €842,348 (-84.3%), from €999,555 to €157,207
- Staff costs -€295,327
down €295,327 (-99.9%), from €295,538 to €211
- Depreciation -€26,695
down €26,695 (-27.0%), from €98,909 to €72,214
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 | €1,765,347 | €1,578,871 | -€186,476 | -10.6% |
| Fixed assets | 21/28 | €448,322 | €444,385 | -€3,937 | -0.9% |
| Tangible fixed assets | 22/27 | €438,945 | €435,008 | -€3,937 | -0.9% |
| Land and buildings | 22 | €429,139 | €404,030 | -€25,108 | -5.9% |
| Furniture and vehicles | 24 | €9,807 | €30,978 | +€21,171 | +215.9% |
| Financial fixed assets | 28 | €9,377 | €9,377 | = | 0.0% |
| Current assets | 29/58 | €1,317,026 | €1,134,486 | -€182,539 | -13.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €364,978 | €487,448 | +€122,470 | +33.6% |
| Trade receivables | 40 | €39,549 | €49,448 | +€9,898 | +25.0% |
| Other amounts receivable | 41 | €325,428 | €438,000 | +€112,572 | +34.6% |
| Cash at bank and in hand | 54/58 | €898,797 | €594,796 | -€304,000 | -33.8% |
| Deferred charges and accrued income | 490/1 | €3,251 | €2,242 | -€1,009 | -31.0% |
| Total equity and liabilities | 10/49 | €1,765,347 | €1,578,871 | -€186,476 | -10.6% |
| Equity | 10/15 | €1,175,017 | €1,218,513 | +€43,496 | +3.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,072,772 | €1,039,210 | -€33,562 | -3.1% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €575,335 | €541,773 | -€33,562 | -5.8% |
| Distributable reserves | 133 | €490,000 | €490,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,877 | €104,935 | +€77,058 | +276.4% |
| Provisions and deferred taxes | 16 | €164,792 | €153,190 | -€11,602 | -7.0% |
| Provisions for liabilities and charges | 160/5 | €24,550 | €24,550 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,550 | €24,550 | = | 0.0% |
| Deferred taxes | 168 | €140,242 | €128,640 | -€11,602 | -8.3% |
| Amounts payable | 17/49 | €425,539 | €207,169 | -€218,370 | -51.3% |
| Amounts payable after more than one year | 17 | €3,646 | - | -€3,646 | |
| Financial debts | 170/4 | €3,646 | - | -€3,646 | |
| Amounts payable within one year | 42/48 | €419,725 | €204,754 | -€214,971 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €82,915 | - | -€82,915 | |
| Trade debts | 44 | €159,223 | €122,614 | -€36,609 | -23.0% |
| Suppliers | 440/4 | €159,223 | €122,614 | -€36,609 | -23.0% |
| Taxes, remuneration and social security | 45 | €92,910 | €3,623 | -€89,287 | -96.1% |
| Taxes | 450/3 | €92,910 | €3,623 | -€89,287 | -96.1% |
| Other amounts payable | 47/48 | €84,677 | €78,518 | -€6,160 | -7.3% |
| Accrued charges and deferred income | 492/3 | €2,168 | €2,414 | +€247 | +11.4% |
| Remuneration, social security and pensions | 62 | €295,538 | €211 | -€295,327 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,909 | €72,214 | -€26,695 | -27.0% |
| Other operating charges | 640/8 | €40,867 | €35,558 | -€5,309 | -13.0% |
| Gross operating margin | 9900 | €999,555 | €157,207 | -€842,348 | -84.3% |
| Operating profit (loss) | 9901 | €564,241 | €49,223 | -€515,018 | -91.3% |
| Financial income | 75/76B | €664 | €475 | -€189 | -28.5% |
| Recurring financial income | 75 | €664 | €475 | -€189 | -28.5% |
| Financial charges | 65/66B | €12,580 | €8,844 | -€3,737 | -29.7% |
| Recurring financial charges | 65 | €12,580 | €8,844 | -€3,737 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €552,325 | €40,854 | -€511,471 | -92.6% |
| Income taxes | 67/77 | €1,263 | €8,960 | +€7,697 | +609.2% |
| Profit (loss) for the period | 9904 | €551,061 | €31,894 | -€519,167 | -94.2% |
| Transfer from tax-exempt reserves | 789 | €18,364 | €45,164 | +€26,800 | +145.9% |
| Transfer to tax-exempt reserves | 689 | €670,000 | - | -€670,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100,575 | €77,058 | +€177,633 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.