DEDECKER PROJECT: 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.
DEDECKER PROJECT
Largest movements
- Receivables within one year -€322,974
down €322,974 (-53.6%), from €602,571 to €279,597
of which Trade receivables: -€300,669
- Cash +€169,859
up €169,859 (+437.2%), from €38,854 to €208,713
mainly Receivables within one year (+€322,974) and Net result for the year (+€94,195)
- Tangible fixed assets +€56,150
up €56,150 (+32.0%), from €175,437 to €231,586
of which Land and buildings: +€45,179
- Stocks and contracts -€20,578
down €20,578 (-9.3%), from €222,034 to €201,457
- Reserves +€94,195
up €94,195 (+21.9%), from €430,347 to €524,542
of which Distributable reserves: +€94,506
- Advances received -€76,985
down €76,985 (-100.0%), from €76,985 to €0
- Short-term financial debts -€67,076
down €67,076 (-67.2%), from €99,803 to €32,727
- Trade debts -€53,281
down €53,281 (-34.1%), from €156,422 to €103,141
- Debts after one year -€15,982
down €15,982 (-9.3%), from €170,959 to €154,977
of which Financial debts: -€15,982
- Gross operating margin +€49,777
up €49,777 (+33.7%), from €147,829 to €197,606
- Financial income -€18,888
down €18,888 (-100.0%), from €18,888 to €0
- Financial charges +€9,453
up €9,453 (+58.1%), from €16,277 to €25,730
- Depreciation +€7,408
up €7,408 (+25.7%), from €28,801 to €36,209
- Other operating charges +€4,864
up €4,864 (+379.1%), from €1,283 to €6,148
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 | €1,046,782 | €929,320 | -€117,462 | -11.2% |
| Fixed assets | 21/28 | €179,978 | €236,128 | +€56,150 | +31.2% |
| Tangible fixed assets | 22/27 | €175,437 | €231,586 | +€56,150 | +32.0% |
| Land and buildings | 22 | €115,892 | €161,070 | +€45,179 | +39.0% |
| Plant, machinery and equipment | 23 | €9,773 | €7,235 | -€2,538 | -26.0% |
| Furniture and vehicles | 24 | €49,773 | €63,282 | +€13,509 | +27.1% |
| Financial fixed assets | 28 | €4,541 | €4,541 | = | 0.0% |
| Current assets | 29/58 | €866,804 | €693,192 | -€173,612 | -20.0% |
| Stocks and contracts in progress | 3 | €222,034 | €201,457 | -€20,578 | -9.3% |
| Stocks | 30/36 | €222,034 | €201,457 | -€20,578 | -9.3% |
| Amounts receivable within one year | 40/41 | €602,571 | €279,597 | -€322,974 | -53.6% |
| Trade receivables | 40 | €565,244 | €264,574 | -€300,669 | -53.2% |
| Other amounts receivable | 41 | €37,327 | €15,023 | -€22,305 | -59.8% |
| Cash at bank and in hand | 54/58 | €38,854 | €208,713 | +€169,859 | +437.2% |
| Deferred charges and accrued income | 490/1 | €3,345 | €3,425 | +€80 | +2.4% |
| Total equity and liabilities | 10/49 | €1,046,782 | €929,320 | -€117,462 | -11.2% |
| Equity | 10/15 | €462,742 | €556,937 | +€94,195 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,347 | €524,542 | +€94,195 | +21.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,549 | -€311 | -16.7% |
| Reserves not available under the articles | 1311 | €1,860 | €1,549 | -€311 | -16.7% |
| Tax-exempt reserves | 132 | €26,864 | €26,864 | = | 0.0% |
| Distributable reserves | 133 | €401,623 | €496,130 | +€94,506 | +23.5% |
| Profit (loss) carried forward | 14 | €13,795 | €13,795 | = | 0.0% |
| Amounts payable | 17/49 | €584,040 | €372,383 | -€211,657 | -36.2% |
| Amounts payable after more than one year | 17 | €170,959 | €154,977 | -€15,982 | -9.3% |
| Financial debts | 170/4 | €110,959 | €94,977 | -€15,982 | -14.4% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €413,082 | €209,146 | -€203,936 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €15,517 | €16,243 | +€727 | +4.7% |
| Financial debts | 43 | €99,803 | €32,727 | -€67,076 | -67.2% |
| Credit institutions | 430/8 | €99,803 | €32,727 | -€67,076 | -67.2% |
| Trade debts | 44 | €156,422 | €103,141 | -€53,281 | -34.1% |
| Suppliers | 440/4 | €156,422 | €103,141 | -€53,281 | -34.1% |
| Advances received on contracts in progress | 46 | €76,985 | €0 | -€76,985 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,278 | €2,890 | -€2,388 | -45.2% |
| Taxes | 450/3 | €5,278 | €2,890 | -€2,388 | -45.2% |
| Other amounts payable | 47/48 | €59,077 | €54,145 | -€4,932 | -8.3% |
| Accrued charges and deferred income | 492/3 | - | €8,260 | +€8,260 | |
| Non-recurring operating income | 76A | €9,500 | €25,000 | +€15,500 | +163.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,801 | €36,209 | +€7,408 | +25.7% |
| Other operating charges | 640/8 | €1,283 | €6,148 | +€4,864 | +379.1% |
| Gross operating margin | 9900 | €147,829 | €197,606 | +€49,777 | +33.7% |
| Operating profit (loss) | 9901 | €117,744 | €155,249 | +€37,505 | +31.9% |
| Financial income | 75/76B | €18,888 | €0 | -€18,888 | -100.0% |
| Recurring financial income | 75 | €18,888 | €0 | -€18,888 | -100.0% |
| Financial charges | 65/66B | €16,277 | €25,730 | +€9,453 | +58.1% |
| Recurring financial charges | 65 | €16,277 | €25,730 | +€9,453 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €120,356 | €129,519 | +€9,164 | +7.6% |
| Income taxes | 67/77 | €35,325 | €35,324 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €85,031 | €94,195 | +€9,164 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,031 | €94,195 | +€9,164 | +10.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.