DEDES: 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.
DEDES
Largest movements
- Current investments -€35,000
down €35,000 (-87.5%), from €40,000 to €5,000
- Receivables within one year +€24,933
up €24,933 (+51.9%), from €48,085 to €73,018
of which Other amounts receivable: +€15,299
- Cash -€16,541
down €16,541 (-52.8%), from €31,334 to €14,793
mainly Debts after one year (-€30,376) and Trade debts (-€28,649)
- Tangible fixed assets -€10,168
down €10,168 (-2.8%), from €358,805 to €348,637
- Deferred charges and accrued income +€5,575
up €5,575 (+34.8%), from €16,024 to €21,599
- Reserves +€35,459
up €35,459 (+16.2%), from €218,272 to €253,732
- Debts after one year -€30,376
down €30,376 (-17.0%), from €178,287 to €147,911
- Trade debts -€28,649
down €28,649 (-96.3%), from €29,753 to €1,105
- Other debts -€23,792
down €23,792 (-94.2%), from €25,252 to €1,460
- Tax, wage and social debts +€12,181
up €12,181 (+275.8%), from €4,417 to €16,598
of which Taxes: +€12,181
- Depreciation -€20,324
down €20,324 (-51.6%), from €39,402 to €19,078
- Gross operating margin -€16,422
down €16,422 (-16.6%), from €98,730 to €82,308
- Other operating charges -€2,138
down €2,138 (-58.5%), from €3,656 to €1,517
- Taxes +€1,804
up €1,804 (+14.6%), from €12,379 to €14,182
- Financial charges -€1,724
down €1,724 (-14.1%), from €12,203 to €10,478
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 | €494,998 | €463,047 | -€31,952 | -6.5% |
| Fixed assets | 21/28 | €359,555 | €348,637 | -€10,918 | -3.0% |
| Tangible fixed assets | 22/27 | €358,805 | €348,637 | -€10,168 | -2.8% |
| Land and buildings | 22 | €301,266 | €297,454 | -€3,811 | -1.3% |
| Furniture and vehicles | 24 | €10,427 | €8,803 | -€1,624 | -15.6% |
| Leasing and similar rights | 25 | €47,113 | €42,379 | -€4,733 | -10.0% |
| Financial fixed assets | 28 | €750 | €0 | -€750 | -100.0% |
| Current assets | 29/58 | €135,443 | €114,410 | -€21,033 | -15.5% |
| Amounts receivable within one year | 40/41 | €48,085 | €73,018 | +€24,933 | +51.9% |
| Trade receivables | 40 | €46,441 | €56,075 | +€9,634 | +20.7% |
| Other amounts receivable | 41 | €1,644 | €16,943 | +€15,299 | +930.7% |
| Current investments | 50/53 | €40,000 | €5,000 | -€35,000 | -87.5% |
| Cash at bank and in hand | 54/58 | €31,334 | €14,793 | -€16,541 | -52.8% |
| Deferred charges and accrued income | 490/1 | €16,024 | €21,599 | +€5,575 | +34.8% |
| Total equity and liabilities | 10/49 | €494,998 | €463,047 | -€31,952 | -6.5% |
| Equity | 10/15 | €218,372 | €253,832 | +€35,459 | +16.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €218,272 | €253,732 | +€35,459 | +16.2% |
| Distributable reserves | 133 | €218,272 | €253,732 | +€35,459 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €276,626 | €209,215 | -€67,411 | -24.4% |
| Amounts payable after more than one year | 17 | €178,287 | €147,911 | -€30,376 | -17.0% |
| Financial debts | 170/4 | €178,287 | €147,911 | -€30,376 | -17.0% |
| Amounts payable within one year | 42/48 | €87,259 | €49,539 | -€37,720 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €27,677 | €30,376 | +€2,699 | +9.8% |
| Financial debts | 43 | €160 | €0 | -€160 | -100.0% |
| Credit institutions | 430/8 | €160 | €0 | -€160 | -100.0% |
| Trade debts | 44 | €29,753 | €1,105 | -€28,649 | -96.3% |
| Suppliers | 440/4 | €29,753 | €1,105 | -€28,649 | -96.3% |
| Taxes, remuneration and social security | 45 | €4,417 | €16,598 | +€12,181 | +275.8% |
| Taxes | 450/3 | €4,417 | €16,598 | +€12,181 | +275.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,252 | €1,460 | -€23,792 | -94.2% |
| Accrued charges and deferred income | 492/3 | €11,080 | €11,766 | +€685 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,402 | €19,078 | -€20,324 | -51.6% |
| Other operating charges | 640/8 | €3,656 | €1,517 | -€2,138 | -58.5% |
| Gross operating margin | 9900 | €98,730 | €82,308 | -€16,422 | -16.6% |
| Operating profit (loss) | 9901 | €55,672 | €61,713 | +€6,041 | +10.9% |
| Financial income | 75/76B | €43 | €125 | +€82 | +192.5% |
| Recurring financial income | 75 | €43 | €125 | +€82 | +192.5% |
| Financial charges | 65/66B | €12,203 | €10,478 | -€1,724 | -14.1% |
| Recurring financial charges | 65 | €12,203 | €10,478 | -€1,724 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €43,512 | €51,360 | +€7,847 | +18.0% |
| Income taxes | 67/77 | €12,379 | €14,182 | +€1,804 | +14.6% |
| Profit (loss) for the period | 9904 | €31,134 | €37,177 | +€6,044 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,134 | €37,177 | +€6,044 | +19.4% |
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 28 September 2026 via checked.be.