DEDO: 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.
DEDO
Largest movements
- Cash +€33,632
up €33,632 (+35.8%), from €93,876 to €127,508
mainly Other debts (+€153,051) and Net result for the year (+€59,590)
- Receivables within one year +€26,233
up €26,233 (+30.6%), from €85,839 to €112,072
of which Other amounts receivable: +€20,300
- Tangible fixed assets -€3,457
down €3,457 (-25.8%), from €13,401 to €9,944
- Other debts +€153,051
up €153,051 (+3,781%), from €4,048 to €157,099
- Reserves -€133,110
down €133,110 (-90.1%), from €147,726 to €14,616
- Tax, wage and social debts +€28,786
up €28,786 (+76.1%), from €37,850 to €66,636
- Trade debts +€7,272
up €7,272 (+292%), from €2,492 to €9,765
- Depreciation +€1,993
up €1,993 (+136%), from €1,465 to €3,457
- Gross operating margin +€1,362
up €1,362 (+1.7%), from €78,694 to €80,056
- Taxes +€1,341
up €1,341 (+8.7%), from €15,384 to €16,725
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.
Derived cash bridge
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 | €193,116 | €249,524 | +€56,407 | +29.2% |
| Fixed assets | 21/28 | €13,401 | €9,944 | -€3,457 | -25.8% |
| Tangible fixed assets | 22/27 | €13,401 | €9,944 | -€3,457 | -25.8% |
| Furniture and vehicles | 24 | €13,401 | €9,944 | -€3,457 | -25.8% |
| Current assets | 29/58 | €179,715 | €239,580 | +€59,865 | +33.3% |
| Amounts receivable within one year | 40/41 | €85,839 | €112,072 | +€26,233 | +30.6% |
| Trade receivables | 40 | €37,568 | €43,501 | +€5,933 | +15.8% |
| Other amounts receivable | 41 | €48,271 | €68,571 | +€20,300 | +42.1% |
| Cash at bank and in hand | 54/58 | €93,876 | €127,508 | +€33,632 | +35.8% |
| Total equity and liabilities | 10/49 | €193,116 | €249,524 | +€56,407 | +29.2% |
| Equity | 10/15 | €148,726 | €15,616 | -€133,110 | -89.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €147,726 | €14,616 | -€133,110 | -90.1% |
| Distributable reserves | 133 | €147,726 | €14,616 | -€133,110 | -90.1% |
| Amounts payable | 17/49 | €44,391 | €233,908 | +€189,518 | +427% |
| Amounts payable within one year | 42/48 | €44,391 | €233,500 | +€189,110 | +426% |
| Trade debts | 44 | €2,492 | €9,765 | +€7,272 | +292% |
| Suppliers | 440/4 | €2,492 | €9,765 | +€7,272 | +292% |
| Taxes, remuneration and social security | 45 | €37,850 | €66,636 | +€28,786 | +76.1% |
| Taxes | 450/3 | €37,850 | €66,636 | +€28,786 | +76.1% |
| Other amounts payable | 47/48 | €4,048 | €157,099 | +€153,051 | +3,781% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,465 | €3,457 | +€1,993 | +136% |
| Other operating charges | 640/8 | €943 | €620 | -€324 | -34.3% |
| Gross operating margin | 9900 | €78,694 | €80,056 | +€1,362 | +1.7% |
| Operating profit (loss) | 9901 | €76,286 | €75,979 | -€307 | -0.4% |
| Financial income | 75/76B | €197 | €391 | +€194 | +98.7% |
| Recurring financial income | 75 | €197 | €391 | +€194 | +98.7% |
| Financial charges | 65/66B | €166 | €55 | -€110 | -66.6% |
| Recurring financial charges | 65 | €166 | €55 | -€110 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €76,317 | €76,315 | -€3 | 0.0% |
| Income taxes | 67/77 | €15,384 | €16,725 | +€1,341 | +8.7% |
| Profit (loss) for the period | 9904 | €60,933 | €59,590 | -€1,343 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,933 | €59,590 | -€1,343 | -2.2% |
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 24 October 2026 via checked.be.