DEAN MANAGEMENT: 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.
DEAN MANAGEMENT
Largest movements
- Tangible fixed assets +€34,696
up €34,696 (+14.4%), from €241,666 to €276,362
of which Leasing and similar rights: +€42,817
- Other debts +€56,229
up €56,229 (+3247.5%), from €1,731 to €57,960
- Short-term financial debts -€30,000
no longer reported in 2025 (was €30,000)
- Reserves -€27,000
down €27,000 (-15.7%), from €171,450 to €144,450
- Current portion of long-term debt +€20,021
up €20,021 (+52.4%), from €38,185 to €58,206
- Debts after one year +€13,852
up €13,852 (+8.6%), from €160,307 to €174,159
- Gross operating margin +€38,317
up €38,317 (+49.0%), from €78,189 to €116,506
- Taxes +€11,063
up €11,063 (+57.9%), from €19,113 to €30,176
- Depreciation +€3,128
up €3,128 (+20.8%), from €15,034 to €18,163
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 | €448,089 | €487,352 | +€39,263 | +8.8% |
| Fixed assets | 21/28 | €414,166 | €448,862 | +€34,696 | +8.4% |
| Tangible fixed assets | 22/27 | €241,666 | €276,362 | +€34,696 | +14.4% |
| Land and buildings | 22 | €241,325 | €226,632 | -€14,693 | -6.1% |
| Furniture and vehicles | 24 | €342 | €6,913 | +€6,571 | +1924.1% |
| Leasing and similar rights | 25 | - | €42,817 | +€42,817 | |
| Financial fixed assets | 28 | €172,500 | €172,500 | = | 0.0% |
| Current assets | 29/58 | €33,923 | €38,490 | +€4,567 | +13.5% |
| Amounts receivable within one year | 40/41 | €155 | €439 | +€283 | +182.4% |
| Trade receivables | 40 | €155 | €439 | +€283 | +182.4% |
| Cash at bank and in hand | 54/58 | €31,550 | €35,258 | +€3,709 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,217 | €2,792 | +€575 | +25.9% |
| Total equity and liabilities | 10/49 | €448,089 | €487,352 | +€39,263 | +8.8% |
| Equity | 10/15 | €191,952 | €164,918 | -€27,034 | -14.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €171,450 | €144,450 | -€27,000 | -15.7% |
| Distributable reserves | 133 | €171,450 | €144,450 | -€27,000 | -15.7% |
| Profit (loss) carried forward | 14 | €42 | €8 | -€34 | -80.2% |
| Amounts payable | 17/49 | €256,137 | €322,434 | +€66,297 | +25.9% |
| Amounts payable after more than one year | 17 | €160,307 | €174,159 | +€13,852 | +8.6% |
| Financial debts | 170/4 | €160,307 | €174,159 | +€13,852 | +8.6% |
| Amounts payable within one year | 42/48 | €95,586 | €148,055 | +€52,469 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €38,185 | €58,206 | +€20,021 | +52.4% |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Credit institutions | 430/8 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | - | €1,586 | +€1,586 | |
| Suppliers | 440/4 | - | €1,586 | +€1,586 | |
| Taxes, remuneration and social security | 45 | €25,669 | €30,302 | +€4,633 | +18.0% |
| Taxes | 450/3 | €25,669 | €30,302 | +€4,633 | +18.0% |
| Other amounts payable | 47/48 | €1,731 | €57,960 | +€56,229 | +3247.5% |
| Accrued charges and deferred income | 492/3 | €244 | €220 | -€24 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,034 | €18,163 | +€3,128 | +20.8% |
| Other operating charges | 640/8 | €2,704 | €3,265 | +€561 | +20.8% |
| Gross operating margin | 9900 | €78,189 | €116,506 | +€38,317 | +49.0% |
| Operating profit (loss) | 9901 | €60,450 | €95,078 | +€34,627 | +57.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,215 | €8,152 | +€937 | +13.0% |
| Recurring financial charges | 65 | €7,215 | €8,152 | +€937 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €53,236 | €86,926 | +€33,690 | +63.3% |
| Income taxes | 67/77 | €19,113 | €30,176 | +€11,063 | +57.9% |
| Profit (loss) for the period | 9904 | €34,123 | €56,749 | +€22,627 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,123 | €56,749 | +€22,627 | +66.3% |
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.