DEDEL: 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.
DEDEL
Largest movements
- Current investments +€974,160
up €974,160 (+21.5%), from €4.5m to €5.5m
- Tangible fixed assets +€303,030
up €303,030 (+265.8%), from €113,990 to €417,020
of which Land and buildings: +€205,793
- Cash +€255,430
up €255,430 (+595.1%), from €42,924 to €298,354
mainly Net result for the year (+€1.5m) and Depreciation (+€63,042)
- Reserves +€1.5m
up €1.5m (+32.7%), from €4.7m to €6.2m
of which Distributable reserves: +€1.5m
- Financial income +€1.4m
up €1.4m (+1303.9%), from €109,175 to €1.5m
- Depreciation +€44,476
up €44,476 (+239.6%), from €18,566 to €63,042
- Taxes -€15,641
down €15,641 (-35.7%), from €43,838 to €28,197
- Financial charges +€8,543
up €8,543 (+56.7%), from €15,065 to €23,608
- Gross operating margin -€8,415
down €8,415 (-6.5%), from €130,460 to €122,045
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 | €5,103,940 | €6,643,043 | +€1.5m | +30.2% |
| Fixed assets | 21/28 | €484,955 | €787,986 | +€303,030 | +62.5% |
| Tangible fixed assets | 22/27 | €113,990 | €417,020 | +€303,030 | +265.8% |
| Land and buildings | 22 | €111,240 | €317,033 | +€205,793 | +185.0% |
| Furniture and vehicles | 24 | €2,750 | €99,988 | +€97,238 | +3535.9% |
| Financial fixed assets | 28 | €370,965 | €370,965 | = | 0.0% |
| Current assets | 29/58 | €4,618,985 | €5,855,058 | +€1.2m | +26.8% |
| Amounts receivable within one year | 40/41 | €20,056 | €26,948 | +€6,892 | +34.4% |
| Trade receivables | 40 | €13,816 | €0 | -€13,816 | -100.0% |
| Other amounts receivable | 41 | €6,240 | €26,948 | +€20,708 | +331.9% |
| Current investments | 50/53 | €4,539,554 | €5,513,714 | +€974,160 | +21.5% |
| Cash at bank and in hand | 54/58 | €42,924 | €298,354 | +€255,430 | +595.1% |
| Deferred charges and accrued income | 490/1 | €16,451 | €16,041 | -€409 | -2.5% |
| Total equity and liabilities | 10/49 | €5,103,940 | €6,643,043 | +€1.5m | +30.2% |
| Equity | 10/15 | €5,086,897 | €6,621,740 | +€1.5m | +30.2% |
| Contributions | 10/11 | €400,348 | €400,348 | = | 0.0% |
| Reserves | 13 | €4,686,549 | €6,221,392 | +€1.5m | +32.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,686,549 | €6,221,392 | +€1.5m | +32.7% |
| Amounts payable | 17/49 | €17,043 | €21,304 | +€4,260 | +25.0% |
| Amounts payable within one year | 42/48 | €17,043 | €17,026 | -€17 | -0.1% |
| Trade debts | 44 | €3,318 | €3,493 | +€175 | +5.3% |
| Suppliers | 440/4 | €3,318 | €3,493 | +€175 | +5.3% |
| Taxes, remuneration and social security | 45 | €13,725 | €13,533 | -€192 | -1.4% |
| Taxes | 450/3 | €13,725 | €13,533 | -€192 | -1.4% |
| Accrued charges and deferred income | 492/3 | - | €4,277 | +€4,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,566 | €63,042 | +€44,476 | +239.6% |
| Other operating charges | 640/8 | €4,581 | €5,099 | +€518 | +11.3% |
| Gross operating margin | 9900 | €130,460 | €122,045 | -€8,415 | -6.5% |
| Operating profit (loss) | 9901 | €107,313 | €53,904 | -€53,409 | -49.8% |
| Financial income | 75/76B | €109,175 | €1,532,744 | +€1.4m | +1303.9% |
| Recurring financial income | 75 | €109,175 | €1,532,744 | +€1.4m | +1303.9% |
| Financial charges | 65/66B | €15,065 | €23,608 | +€8,543 | +56.7% |
| Recurring financial charges | 65 | €15,065 | €23,608 | +€8,543 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €201,423 | €1,563,040 | +€1.4m | +676.0% |
| Income taxes | 67/77 | €43,838 | €28,197 | -€15,641 | -35.7% |
| Profit (loss) for the period | 9904 | €157,584 | €1,534,843 | +€1.4m | +874.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,584 | €1,534,843 | +€1.4m | +874.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.