DEDALE: 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.
DEDALE
Largest movements
- Receivables within one year +€52,775
up €52,775 (+41.7%), from €126,638 to €179,413
of which Other amounts receivable: +€55,634
- Cash -€41,865
down €41,865 (-43.5%), from €96,304 to €54,439
mainly Contributions, distributions and other (-€213,711) and Receivables within one year (-€52,775)
- Intangible fixed assets -€40,341
down €40,341 (-53.7%), from €75,100 to €34,759
- Other debts -€35,000
down €35,000 (-14.3%), from €245,000 to €210,000
- Trade debts -€10,414
down €10,414 (-46.7%), from €22,316 to €11,902
- Staff costs +€63,208
up €63,208 (+19.2%), from €328,723 to €391,931
- Taxes -€17,850
down €17,850 (-18.2%), from €98,320 to €80,470
- Gross operating margin +€14,419
up €14,419 (+1.8%), from €795,297 to €809,716
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 | €1,037,425 | €1,000,865 | -€36,560 | -3.5% |
| Fixed assets | 21/28 | €803,008 | €757,550 | -€45,458 | -5.7% |
| Intangible fixed assets | 21 | €75,100 | €34,759 | -€40,341 | -53.7% |
| Tangible fixed assets | 22/27 | €727,788 | €722,671 | -€5,117 | -0.7% |
| Land and buildings | 22 | €363,333 | €350,195 | -€13,138 | -3.6% |
| Furniture and vehicles | 24 | €11,910 | €16,824 | +€4,914 | +41.3% |
| Other tangible fixed assets | 26 | €352,545 | €355,652 | +€3,107 | +0.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €234,417 | €243,315 | +€8,898 | +3.8% |
| Amounts receivable within one year | 40/41 | €126,638 | €179,413 | +€52,775 | +41.7% |
| Trade receivables | 40 | €39,223 | €36,364 | -€2,859 | -7.3% |
| Other amounts receivable | 41 | €87,415 | €143,049 | +€55,634 | +63.6% |
| Cash at bank and in hand | 54/58 | €96,304 | €54,439 | -€41,865 | -43.5% |
| Deferred charges and accrued income | 490/1 | €11,475 | €9,463 | -€2,012 | -17.5% |
| Total equity and liabilities | 10/49 | €1,037,425 | €1,000,865 | -€36,560 | -3.5% |
| Equity | 10/15 | €69,242 | €72,255 | +€3,013 | +4.4% |
| Contributions | 10/11 | €62,216 | €62,216 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €716 | €716 | = | 0.0% |
| Share premium | 1100/10 | €716 | €716 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €876 | €3,889 | +€3,013 | +343.9% |
| Amounts payable | 17/49 | €968,183 | €928,610 | -€39,573 | -4.1% |
| Amounts payable after more than one year | 17 | €574,376 | €577,154 | +€2,778 | +0.5% |
| Financial debts | 170/4 | €574,376 | €577,154 | +€2,778 | +0.5% |
| Amounts payable within one year | 42/48 | €393,807 | €351,456 | -€42,351 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €58,013 | €55,365 | -€2,648 | -4.6% |
| Trade debts | 44 | €22,316 | €11,902 | -€10,414 | -46.7% |
| Suppliers | 440/4 | €22,316 | €11,902 | -€10,414 | -46.7% |
| Taxes, remuneration and social security | 45 | €68,478 | €74,189 | +€5,711 | +8.3% |
| Taxes | 450/3 | €23,554 | €24,166 | +€612 | +2.6% |
| Remuneration and social security | 454/9 | €44,924 | €50,023 | +€5,099 | +11.4% |
| Other amounts payable | 47/48 | €245,000 | €210,000 | -€35,000 | -14.3% |
| Remuneration, social security and pensions | 62 | €328,723 | €391,931 | +€63,208 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,983 | €83,190 | -€7,793 | -8.6% |
| Other operating charges | 640/8 | €4,673 | €5,930 | +€1,257 | +26.9% |
| Gross operating margin | 9900 | €795,297 | €809,716 | +€14,419 | +1.8% |
| Operating profit (loss) | 9901 | €370,918 | €328,665 | -€42,253 | -11.4% |
| Financial income | 75/76B | €177 | €621 | +€444 | +250.8% |
| Recurring financial income | 75 | €177 | €621 | +€444 | +250.8% |
| Financial charges | 65/66B | €31,764 | €32,092 | +€328 | +1.0% |
| Recurring financial charges | 65 | €31,764 | €32,092 | +€328 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €339,331 | €297,194 | -€42,137 | -12.4% |
| Income taxes | 67/77 | €98,320 | €80,470 | -€17,850 | -18.2% |
| Profit (loss) for the period | 9904 | €241,011 | €216,724 | -€24,287 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €241,011 | €216,724 | -€24,287 | -10.1% |
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 8 October 2026 via checked.be.