DED: 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.
DED
Largest movements
- Cash -€11,082
down €11,082 (-16.3%), from €67,866 to €56,784
mainly Contributions, distributions and other (-€55,000) and Net result for the year (-€8,683)
- Tangible fixed assets -€6,575
down €6,575 (-49.3%), from €13,348 to €6,773
- Receivables within one year -€4,566
no longer reported in 2025 (was €4,566)
of which Other amounts receivable: -€3,090
- Reserves -€60,967
down €60,967 (-73.9%), from €82,497 to €21,529
- Other debts +€34,211
new in 2025: €34,211
- Tax, wage and social debts +€8,341
up €8,341 (+277%), from €3,012 to €11,352
- Profit (loss) carried forward -€2,716
no longer reported in 2025 (was €2,716)
- Trade debts -€1,199
down €1,199 (-69.1%), from €1,736 to €536
- Gross operating margin -€11,173
down €11,173, from €9,731 to -€1,443
- Financial income -€212
down €212 (-80.9%), from €262 to €50
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.
Derived cash bridge
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 | €99,960 | €77,630 | -€22,330 | -22.3% |
| Fixed assets | 21/28 | €13,348 | €6,773 | -€6,575 | -49.3% |
| Tangible fixed assets | 22/27 | €13,348 | €6,773 | -€6,575 | -49.3% |
| Furniture and vehicles | 24 | €13,348 | €6,773 | -€6,575 | -49.3% |
| Current assets | 29/58 | €86,612 | €70,857 | -€15,755 | -18.2% |
| Amounts receivable within one year | 40/41 | €4,566 | - | -€4,566 | |
| Trade receivables | 40 | €1,476 | - | -€1,476 | |
| Other amounts receivable | 41 | €3,090 | - | -€3,090 | |
| Cash at bank and in hand | 54/58 | €67,866 | €56,784 | -€11,082 | -16.3% |
| Deferred charges and accrued income | 490/1 | €14,180 | €14,073 | -€107 | -0.8% |
| Total equity and liabilities | 10/49 | €99,960 | €77,630 | -€22,330 | -22.3% |
| Equity | 10/15 | €95,213 | €31,529 | -€63,683 | -66.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €82,497 | €21,529 | -€60,967 | -73.9% |
| Distributable reserves | 133 | €82,497 | €21,529 | -€60,967 | -73.9% |
| Profit (loss) carried forward | 14 | €2,716 | - | -€2,716 | |
| Amounts payable | 17/49 | €4,747 | €46,100 | +€41,353 | +871% |
| Amounts payable within one year | 42/48 | €4,747 | €46,100 | +€41,353 | +871% |
| Trade debts | 44 | €1,736 | €536 | -€1,199 | -69.1% |
| Suppliers | 440/4 | €1,736 | €536 | -€1,199 | -69.1% |
| Taxes, remuneration and social security | 45 | €3,012 | €11,352 | +€8,341 | +277% |
| Taxes | 450/3 | €3,012 | €11,352 | +€8,341 | +277% |
| Other amounts payable | 47/48 | - | €34,211 | +€34,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,575 | €6,575 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €9,731 | -€1,443 | -€11,173 | |
| Operating profit (loss) | 9901 | €2,587 | -€8,603 | -€11,190 | |
| Financial income | 75/76B | €262 | €50 | -€212 | -80.9% |
| Recurring financial income | 75 | €262 | €50 | -€212 | -80.9% |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €2,775 | -€8,624 | -€11,399 | |
| Income taxes | 67/77 | €59 | €60 | +€0 | +0.7% |
| Profit (loss) for the period | 9904 | €2,716 | -€8,683 | -€11,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,716 | -€8,683 | -€11,399 |
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 25 October 2026 via checked.be.