DEDERA: 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.
DEDERA
Largest movements
- Tangible fixed assets -€95,584
down €95,584 (-20.8%), from €459,227 to €363,643
- Cash +€10,608
up €10,608 (+4.7%), from €227,068 to €237,676
mainly Depreciation (+€94,090) and Net result for the year (+€25,360)
- Debts after one year -€76,786
down €76,786 (-26.8%), from €286,134 to €209,348
of which Financial debts: -€76,786
- Reserves -€24,640
down €24,640 (-6.4%), from €386,922 to €362,282
of which Distributable reserves: -€24,640
- Current portion of long-term debt -€19,383
down €19,383 (-20.2%), from €96,169 to €76,786
- Other debts +€16,871
up €16,871 (+40.1%), from €42,034 to €58,905
- Gross operating margin -€197,034
down €197,034 (-37.1%), from €530,871 to €333,837
- Write-downs -€43,296
down €43,296 (-100.0%), from €43,296 to €0
- Taxes -€34,264
down €34,264 (-96.0%), from €35,700 to €1,436
- Other operating charges -€24,414
down €24,414 (-62.5%), from €39,058 to €14,644
- Financial charges -€9,977
down €9,977 (-29.6%), from €33,660 to €23,682
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 | €973,851 | €873,036 | -€100,815 | -10.4% |
| Fixed assets | 21/28 | €459,227 | €363,643 | -€95,584 | -20.8% |
| Tangible fixed assets | 22/27 | €459,227 | €363,643 | -€95,584 | -20.8% |
| Land and buildings | 22 | €164,973 | €151,224 | -€13,749 | -8.3% |
| Plant, machinery and equipment | 23 | €76,928 | €61,710 | -€15,218 | -19.8% |
| Furniture and vehicles | 24 | €70,463 | €46,977 | -€23,486 | -33.3% |
| Leasing and similar rights | 25 | €146,863 | €103,733 | -€43,130 | -29.4% |
| Current assets | 29/58 | €514,625 | €509,394 | -€5,231 | -1.0% |
| Stocks and contracts in progress | 3 | €94,762 | €89,170 | -€5,593 | -5.9% |
| Stocks | 30/36 | €94,762 | €83,955 | -€10,808 | -11.4% |
| Contracts in progress | 37 | - | €5,215 | +€5,215 | |
| Amounts receivable within one year | 40/41 | €189,358 | €181,865 | -€7,493 | -4.0% |
| Trade receivables | 40 | €189,358 | €169,865 | -€19,493 | -10.3% |
| Other amounts receivable | 41 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €227,068 | €237,676 | +€10,608 | +4.7% |
| Deferred charges and accrued income | 490/1 | €3,436 | €684 | -€2,753 | -80.1% |
| Total equity and liabilities | 10/49 | €973,851 | €873,036 | -€100,815 | -10.4% |
| Equity | 10/15 | €397,157 | €372,517 | -€24,640 | -6.2% |
| Contributions | 10/11 | €10,235 | €10,235 | = | 0.0% |
| Reserves | 13 | €386,922 | €362,282 | -€24,640 | -6.4% |
| Tax-exempt reserves | 132 | €5,401 | €5,401 | = | 0.0% |
| Distributable reserves | 133 | €381,521 | €356,881 | -€24,640 | -6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €576,694 | €500,519 | -€76,175 | -13.2% |
| Amounts payable after more than one year | 17 | €286,134 | €209,348 | -€76,786 | -26.8% |
| Financial debts | 170/4 | €286,134 | €209,348 | -€76,786 | -26.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €290,560 | €291,171 | +€611 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €96,169 | €76,786 | -€19,383 | -20.2% |
| Trade debts | 44 | €99,761 | €106,481 | +€6,720 | +6.7% |
| Suppliers | 440/4 | €99,761 | €106,481 | +€6,720 | +6.7% |
| Taxes, remuneration and social security | 45 | €52,597 | €49,000 | -€3,597 | -6.8% |
| Taxes | 450/3 | €36,950 | €25,825 | -€11,125 | -30.1% |
| Remuneration and social security | 454/9 | €15,647 | €23,174 | +€7,528 | +48.1% |
| Other amounts payable | 47/48 | €42,034 | €58,905 | +€16,871 | +40.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €165,737 | €174,625 | +€8,887 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,134 | €94,090 | -€6,044 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,296 | €0 | -€43,296 | -100.0% |
| Other operating charges | 640/8 | €39,058 | €14,644 | -€24,414 | -62.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €530,871 | €333,837 | -€197,034 | -37.1% |
| Operating profit (loss) | 9901 | €182,646 | €50,479 | -€132,167 | -72.4% |
| Financial income | 75/76B | €960 | €0 | -€960 | -100.0% |
| Recurring financial income | 75 | €960 | €0 | -€960 | -100.0% |
| Financial charges | 65/66B | €33,660 | €23,682 | -€9,977 | -29.6% |
| Recurring financial charges | 65 | €33,660 | €23,682 | -€9,977 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €149,946 | €26,796 | -€123,150 | -82.1% |
| Income taxes | 67/77 | €35,700 | €1,436 | -€34,264 | -96.0% |
| Profit (loss) for the period | 9904 | €114,246 | €25,360 | -€88,886 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,246 | €25,360 | -€88,886 | -77.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.