DEDC: 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.
DEDC
Largest movements
- Cash +€41,627
up €41,627 (+262.5%), from €15,860 to €57,486
mainly Other debts (+€27,316) and Receivables within one year (+€26,563)
- Receivables within one year -€26,563
down €26,563 (-41.1%), from €64,682 to €38,119
of which Trade receivables: -€34,411
- Tangible fixed assets -€8,959
down €8,959 (-34.9%), from €25,660 to €16,701
of which Furniture and vehicles: -€11,056
- Deferred charges and accrued income -€4,076
down €4,076 (-33.7%), from €12,108 to €8,032
- Other debts +€27,316
up €27,316 (+227.2%), from €12,022 to €39,337
- Reserves -€15,000
down €15,000 (-24.9%), from €60,228 to €45,228
- Trade debts -€10,151
down €10,151 (-93.1%), from €10,906 to €755
- Current portion of long-term debt -€6,552
down €6,552 (-76.0%), from €8,620 to €2,068
- Debts after one year +€5,713
new in 2025: €5,713
- Gross operating margin -€6,273
down €6,273 (-13.2%), from €47,605 to €41,333
- Taxes -€3,710
down €3,710 (-32.0%), from €11,581 to €7,871
- Financial charges -€757
down €757 (-18.2%), from €4,161 to €3,404
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 | €118,310 | €120,338 | +€2,029 | +1.7% |
| Fixed assets | 21/28 | €25,660 | €16,701 | -€8,959 | -34.9% |
| Tangible fixed assets | 22/27 | €25,660 | €16,701 | -€8,959 | -34.9% |
| Plant, machinery and equipment | 23 | - | €2,097 | +€2,097 | |
| Furniture and vehicles | 24 | €25,660 | €14,605 | -€11,056 | -43.1% |
| Current assets | 29/58 | €92,649 | €103,637 | +€10,988 | +11.9% |
| Amounts receivable within one year | 40/41 | €64,682 | €38,119 | -€26,563 | -41.1% |
| Trade receivables | 40 | €64,682 | €30,271 | -€34,411 | -53.2% |
| Other amounts receivable | 41 | - | €7,848 | +€7,848 | |
| Cash at bank and in hand | 54/58 | €15,860 | €57,486 | +€41,627 | +262.5% |
| Deferred charges and accrued income | 490/1 | €12,108 | €8,032 | -€4,076 | -33.7% |
| Total equity and liabilities | 10/49 | €118,310 | €120,338 | +€2,029 | +1.7% |
| Equity | 10/15 | €66,428 | €51,428 | -€15,000 | -22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,228 | €45,228 | -€15,000 | -24.9% |
| Distributable reserves | 133 | €60,228 | €45,228 | -€15,000 | -24.9% |
| Amounts payable | 17/49 | €51,882 | €68,911 | +€17,029 | +32.8% |
| Amounts payable after more than one year | 17 | - | €5,713 | +€5,713 | |
| Financial debts | 170/4 | - | €5,713 | +€5,713 | |
| Amounts payable within one year | 42/48 | €51,882 | €63,198 | +€11,315 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €8,620 | €2,068 | -€6,552 | -76.0% |
| Trade debts | 44 | €10,906 | €755 | -€10,151 | -93.1% |
| Suppliers | 440/4 | €10,906 | €755 | -€10,151 | -93.1% |
| Taxes, remuneration and social security | 45 | €20,335 | €21,038 | +€703 | +3.5% |
| Taxes | 450/3 | €15,058 | €21,038 | +€5,980 | +39.7% |
| Remuneration and social security | 454/9 | €5,277 | - | -€5,277 | |
| Other amounts payable | 47/48 | €12,022 | €39,337 | +€27,316 | +227.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,060 | €11,834 | -€225 | -1.9% |
| Other operating charges | 640/8 | €1,548 | €1,445 | -€103 | -6.7% |
| Gross operating margin | 9900 | €47,605 | €41,333 | -€6,273 | -13.2% |
| Operating profit (loss) | 9901 | €33,998 | €28,054 | -€5,944 | -17.5% |
| Financial income | 75/76B | - | €395 | +€395 | |
| Recurring financial income | 75 | - | €395 | +€395 | |
| Financial charges | 65/66B | €4,161 | €3,404 | -€757 | -18.2% |
| Recurring financial charges | 65 | €4,161 | €3,404 | -€757 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €29,836 | €25,045 | -€4,791 | -16.1% |
| Income taxes | 67/77 | €11,581 | €7,871 | -€3,710 | -32.0% |
| Profit (loss) for the period | 9904 | €18,256 | €17,174 | -€1,082 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,256 | €17,174 | -€1,082 | -5.9% |
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 4 October 2026 via checked.be.