DEDAL WORKS: 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.
DEDAL WORKS
Largest movements
- Tangible fixed assets -€104,607
down €104,607 (-23.2%), from €451,056 to €346,449
of which Land and buildings: -€92,106
- Cash +€37,274
up €37,274 (+55.6%), from €67,037 to €104,311
mainly Investment in fixed assets (net) (+€92,107) and Net result for the year (+€50,365)
- Receivables within one year -€24,574
down €24,574 (-60.7%), from €40,469 to €15,895
of which Trade receivables: -€23,301
- Debts after one year -€113,011
down €113,011 (-36.0%), from €313,510 to €200,499
- Profit (loss) carried forward +€50,366
up €50,366 (+57.6%), from €87,459 to €137,825
- Trade debts -€35,366
down €35,366 (-37.7%), from €93,923 to €58,557
- Tax, wage and social debts +€9,835
new in 2025: €9,835
- Current portion of long-term debt -€8,243
down €8,243 (-11.1%), from €74,054 to €65,811
- Purchases and services -€134,642
down €134,642 (-19.6%), from €686,615 to €551,973
- Depreciation -€20,388
down €20,388 (-62.0%), from €32,888 to €12,500
- Gross operating margin +€15,223
up €15,223 (+20.7%), from €73,375 to €88,598
- Financial income +€4,127
up €4,127 (+30,658%), from €13 to €4,140
- Other operating charges +€3,191
up €3,191 (+88.9%), from €3,590 to €6,781
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 | €577,340 | €480,587 | -€96,753 | -16.8% |
| Fixed assets | 21/28 | €451,211 | €346,604 | -€104,607 | -23.2% |
| Tangible fixed assets | 22/27 | €451,056 | €346,449 | -€104,607 | -23.2% |
| Land and buildings | 22 | €404,171 | €312,065 | -€92,106 | -22.8% |
| Plant, machinery and equipment | 23 | €857 | €857 | -€0 | -0.1% |
| Furniture and vehicles | 24 | €46,027 | €33,527 | -€12,500 | -27.2% |
| Financial fixed assets | 28 | €155 | €155 | +€0 | 0.0% |
| Current assets | 29/58 | €126,129 | €133,983 | +€7,854 | +6.2% |
| Stocks and contracts in progress | 3 | €18,623 | €13,777 | -€4,846 | -26.0% |
| Stocks | 30/36 | €18,623 | €13,777 | -€4,846 | -26.0% |
| Amounts receivable within one year | 40/41 | €40,469 | €15,895 | -€24,574 | -60.7% |
| Trade receivables | 40 | €33,337 | €10,036 | -€23,301 | -69.9% |
| Other amounts receivable | 41 | €7,132 | €5,859 | -€1,273 | -17.9% |
| Cash at bank and in hand | 54/58 | €67,037 | €104,311 | +€37,274 | +55.6% |
| Total equity and liabilities | 10/49 | €577,340 | €480,587 | -€96,753 | -16.8% |
| Equity | 10/15 | €95,519 | €145,885 | +€50,366 | +52.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,459 | €137,825 | +€50,366 | +57.6% |
| Amounts payable | 17/49 | €481,820 | €334,702 | -€147,118 | -30.5% |
| Amounts payable after more than one year | 17 | €313,510 | €200,499 | -€113,011 | -36.0% |
| Financial debts | 170/4 | €313,510 | €200,499 | -€113,011 | -36.0% |
| Amounts payable within one year | 42/48 | €167,977 | €134,203 | -€33,774 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €74,054 | €65,811 | -€8,243 | -11.1% |
| Trade debts | 44 | €93,923 | €58,557 | -€35,366 | -37.7% |
| Suppliers | 440/4 | €93,923 | €58,557 | -€35,366 | -37.7% |
| Taxes, remuneration and social security | 45 | - | €9,835 | +€9,835 | |
| Remuneration and social security | 454/9 | - | €9,835 | +€9,835 | |
| Accrued charges and deferred income | 492/3 | €333 | - | -€333 | |
| Goods, raw materials, services and sundry goods | 60/61 | €686,615 | €551,973 | -€134,642 | -19.6% |
| Remuneration, social security and pensions | 62 | - | €1,655 | +€1,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,888 | €12,500 | -€20,388 | -62.0% |
| Other operating charges | 640/8 | €3,590 | €6,781 | +€3,191 | +88.9% |
| Gross operating margin | 9900 | €73,375 | €88,598 | +€15,223 | +20.7% |
| Operating profit (loss) | 9901 | €36,897 | €67,662 | +€30,765 | +83.4% |
| Financial income | 75/76B | €13 | €4,140 | +€4,127 | +30,658% |
| Recurring financial income | 75 | €13 | €4,140 | +€4,127 | +30,658% |
| Financial charges | 65/66B | €20,421 | €17,749 | -€2,672 | -13.1% |
| Recurring financial charges | 65 | €20,421 | €17,749 | -€2,672 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €16,490 | €54,053 | +€37,563 | +228% |
| Income taxes | 67/77 | €3,357 | €3,688 | +€331 | +9.9% |
| Profit (loss) for the period | 9904 | €13,133 | €50,365 | +€37,232 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €13,133 | €50,365 | +€37,232 | +283% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.