DED: 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.
DED
Largest movements
- Receivables within one year -€82,211
down €82,211 (-58.6%), from €140,361 to €58,150
of which Trade receivables: -€82,923
- Cash +€1,915
up €1,915 (+44.3%), from €4,323 to €6,238
mainly Receivables within one year (+€82,211) and Other debts (+€11,850)
- Profit (loss) carried forward -€66,436
down €66,436, from €6,678 to -€59,758
- Provisions -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Other debts +€11,850
up €11,850 (+12.8%), from €92,239 to €104,089
- Write-downs +€115,373
new in 2025: €115,373
- Financial income +€25,000
new in 2025: €25,000
of which Financial income: +€25,000
- Taxes -€9,917
down €9,917 (-75.0%), from €13,222 to €3,306
- Gross operating margin +€9,468
up €9,468 (+51.7%), from €18,312 to €27,780
- Turnover +€6,199
up €6,199 (+21.5%), from €28,801 to €35,000
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 | €145,430 | €64,782 | -€80,648 | -55.5% |
| Fixed assets | 21/28 | €394 | €394 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €145,036 | €64,388 | -€80,648 | -55.6% |
| Amounts receivable within one year | 40/41 | €140,361 | €58,150 | -€82,211 | -58.6% |
| Trade receivables | 40 | €140,348 | €57,425 | -€82,923 | -59.1% |
| Other amounts receivable | 41 | €13 | €725 | +€712 | +5564.3% |
| Cash at bank and in hand | 54/58 | €4,323 | €6,238 | +€1,915 | +44.3% |
| Deferred charges and accrued income | 490/1 | €352 | - | -€352 | |
| Total equity and liabilities | 10/49 | €145,430 | €64,782 | -€80,648 | -55.5% |
| Equity | 10/15 | €27,129 | -€39,307 | -€66,436 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,678 | -€59,758 | -€66,436 | |
| Provisions and deferred taxes | 16 | €25,000 | €0 | -€25,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €0 | -€25,000 | -100.0% |
| Other liabilities and charges | 164/5 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts payable | 17/49 | €93,301 | €104,089 | +€10,788 | +11.6% |
| Amounts payable within one year | 42/48 | €93,301 | €104,089 | +€10,788 | +11.6% |
| Trade debts | 44 | €1,062 | - | -€1,062 | |
| Suppliers | 440/4 | €1,062 | - | -€1,062 | |
| Other amounts payable | 47/48 | €92,239 | €104,089 | +€11,850 | +12.8% |
| Turnover | 70 | €28,801 | €35,000 | +€6,199 | +21.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,489 | €7,220 | -€3,269 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172 | - | -€172 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €115,373 | +€115,373 | |
| Other operating charges | 640/8 | €569 | €465 | -€104 | -18.2% |
| Gross operating margin | 9900 | €18,312 | €27,780 | +€9,468 | +51.7% |
| Operating profit (loss) | 9901 | €17,571 | -€88,058 | -€105,630 | |
| Financial income | 75/76B | - | €25,000 | +€25,000 | |
| Recurring financial income | 75 | - | €25,000 | +€25,000 | |
| Non-recurring financial income | 76B | - | €25,000 | +€25,000 | |
| Financial charges | 65/66B | €68 | €73 | +€5 | +7.4% |
| Recurring financial charges | 65 | €68 | €73 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €17,504 | -€63,131 | -€80,635 | |
| Income taxes | 67/77 | €13,222 | €3,306 | -€9,917 | -75.0% |
| Profit (loss) for the period | 9904 | €4,282 | -€66,436 | -€70,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,282 | -€66,436 | -€70,718 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.