DED's IT: 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's IT
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-21.7%), from €6.1m to €4.8m
of which Trade receivables: -€1.0m
- Other debts -€2.2m
down €2.2m (-71.6%), from €3.0m to €857,969
- Advances received +€1.1m
up €1.1m (+415%), from €276,571 to €1.4m
- Trade debts -€601,967
down €601,967 (-21.0%), from €2.9m to €2.3m
- Accrued charges and deferred income +€136,306
up €136,306 (+9,367%), from €1,455 to €137,761
- Tax, wage and social debts +€80,314
up €80,314 (+55.9%), from €143,571 to €223,885
of which Taxes: +€56,407
- Gross operating margin +€1.9m
up €1.9m (+182%), from €1.1m to €3.0m
- Financial income -€873,362
down €873,362 (-94.8%), from €921,735 to €48,373
- Taxes +€249,558
up €249,558 (+97.9%), from €254,965 to €504,523
- Staff costs +€189,492
up €189,492 (+20.7%), from €916,715 to €1.1m
- Financial charges -€108,761
down €108,761 (-66.4%), from €163,875 to €55,114
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 | €6,378,598 | €5,028,539 | -€1.4m | -21.2% |
| Fixed assets | 21/28 | €105,331 | €91,456 | -€13,876 | -13.2% |
| Tangible fixed assets | 22/27 | €105,331 | €89,956 | -€15,376 | -14.6% |
| Furniture and vehicles | 24 | €105,331 | €89,956 | -€15,376 | -14.6% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €6,273,266 | €4,937,083 | -€1.3m | -21.3% |
| Stocks and contracts in progress | 3 | €117,127 | €83,153 | -€33,974 | -29.0% |
| Contracts in progress | 37 | €117,127 | €83,153 | -€33,974 | -29.0% |
| Amounts receivable within one year | 40/41 | €6,103,429 | €4,780,671 | -€1.3m | -21.7% |
| Trade receivables | 40 | €4,712,279 | €3,665,453 | -€1.0m | -22.2% |
| Other amounts receivable | 41 | €1,391,151 | €1,115,217 | -€275,933 | -19.8% |
| Cash at bank and in hand | 54/58 | €21,499 | €18,498 | -€3,001 | -14.0% |
| Deferred charges and accrued income | 490/1 | €31,211 | €54,761 | +€23,550 | +75.5% |
| Total equity and liabilities | 10/49 | €6,378,598 | €5,028,539 | -€1.4m | -21.2% |
| Equity | 10/15 | €68,932 | €116,334 | +€47,402 | +68.8% |
| Contributions | 10/11 | €8,553 | €8,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,379 | €107,781 | +€47,402 | +78.5% |
| Amounts payable | 17/49 | €6,309,665 | €4,912,205 | -€1.4m | -22.1% |
| Amounts payable within one year | 42/48 | €6,308,210 | €4,774,444 | -€1.5m | -24.3% |
| Trade debts | 44 | €2,871,429 | €2,269,462 | -€601,967 | -21.0% |
| Suppliers | 440/4 | €2,871,429 | €2,269,462 | -€601,967 | -21.0% |
| Advances received on contracts in progress | 46 | €276,571 | €1,423,126 | +€1.1m | +415% |
| Taxes, remuneration and social security | 45 | €143,571 | €223,885 | +€80,314 | +55.9% |
| Taxes | 450/3 | €50,930 | €107,337 | +€56,407 | +111% |
| Remuneration and social security | 454/9 | €92,641 | €116,548 | +€23,907 | +25.8% |
| Other amounts payable | 47/48 | €3,016,639 | €857,969 | -€2.2m | -71.6% |
| Accrued charges and deferred income | 492/3 | €1,455 | €137,761 | +€136,306 | +9,367% |
| Remuneration, social security and pensions | 62 | €916,715 | €1,106,207 | +€189,492 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,658 | €27,168 | +€8,510 | +45.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,961 | +€30,961 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | - | +€30,000 | |
| Other operating charges | 640/8 | €2,865 | €3,380 | +€516 | +18.0% |
| Gross operating margin | 9900 | €1,055,655 | €2,981,381 | +€1.9m | +182% |
| Operating profit (loss) | 9901 | €147,418 | €1,813,665 | +€1.7m | +1,130% |
| Financial income | 75/76B | €921,735 | €48,373 | -€873,362 | -94.8% |
| Recurring financial income | 75 | €921,735 | €48,373 | -€873,362 | -94.8% |
| Financial charges | 65/66B | €163,875 | €55,114 | -€108,761 | -66.4% |
| Recurring financial charges | 65 | €163,875 | €55,114 | -€108,761 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €905,278 | €1,806,925 | +€901,647 | +99.6% |
| Income taxes | 67/77 | €254,965 | €504,523 | +€249,558 | +97.9% |
| Profit (loss) for the period | 9904 | €650,313 | €1,302,402 | +€652,088 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €650,313 | €1,302,402 | +€652,088 | +100% |
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 16 October 2026 via checked.be.