Dedoncker P. & G.: 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.
Dedoncker P. & G.
Largest movements
- Receivables within one year +€103,551
up €103,551 (+57.4%), from €180,507 to €284,058
of which Trade receivables: +€101,902
- Stocks and contracts -€82,500
down €82,500 (-6.1%), from €1.4m to €1.3m
- Tangible fixed assets -€51,969
down €51,969 (-11.8%), from €441,468 to €389,499
of which Leasing and similar rights: -€49,750
- Debts after one year -€81,944
down €81,944 (-31.4%), from €261,301 to €179,357
- Reserves +€52,770
up €52,770 (+10.3%), from €510,093 to €562,863
- Trade debts -€23,996
down €23,996 (-3.6%), from €675,031 to €651,035
- Staff costs -€40,260
down €40,260 (-29.3%), from €137,377 to €97,117
- Gross operating margin -€27,265
down €27,265 (-8.3%), from €330,230 to €302,965
- Other operating charges -€4,630
down €4,630 (-14.5%), from €31,851 to €27,222
- Depreciation +€3,442
up €3,442 (+5.6%), from €61,513 to €64,956
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 | €2,160,862 | €2,123,753 | -€37,109 | -1.7% |
| Fixed assets | 21/28 | €473,868 | €415,323 | -€58,545 | -12.4% |
| Tangible fixed assets | 22/27 | €441,468 | €389,499 | -€51,969 | -11.8% |
| Plant, machinery and equipment | 23 | €10,976 | €7,510 | -€3,466 | -31.6% |
| Furniture and vehicles | 24 | €23,499 | €24,746 | +€1,247 | +5.3% |
| Leasing and similar rights | 25 | €406,993 | €357,243 | -€49,750 | -12.2% |
| Financial fixed assets | 28 | €32,400 | €25,824 | -€6,576 | -20.3% |
| Current assets | 29/58 | €1,686,994 | €1,708,430 | +€21,436 | +1.3% |
| Stocks and contracts in progress | 3 | €1,362,500 | €1,280,000 | -€82,500 | -6.1% |
| Stocks | 30/36 | €1,362,500 | €1,280,000 | -€82,500 | -6.1% |
| Amounts receivable within one year | 40/41 | €180,507 | €284,058 | +€103,551 | +57.4% |
| Trade receivables | 40 | €166,630 | €268,532 | +€101,902 | +61.2% |
| Other amounts receivable | 41 | €13,877 | €15,526 | +€1,649 | +11.9% |
| Cash at bank and in hand | 54/58 | €133,160 | €133,323 | +€162 | +0.1% |
| Deferred charges and accrued income | 490/1 | €10,827 | €11,050 | +€223 | +2.1% |
| Total equity and liabilities | 10/49 | €2,160,862 | €2,123,753 | -€37,109 | -1.7% |
| Equity | 10/15 | €534,883 | €587,652 | +€52,770 | +9.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €510,093 | €562,863 | +€52,770 | +10.3% |
| Distributable reserves | 133 | €510,093 | €562,863 | +€52,770 | +10.3% |
| Amounts payable | 17/49 | €1,625,980 | €1,536,101 | -€89,879 | -5.5% |
| Amounts payable after more than one year | 17 | €261,301 | €179,357 | -€81,944 | -31.4% |
| Financial debts | 170/4 | €261,301 | €179,357 | -€81,944 | -31.4% |
| Amounts payable within one year | 42/48 | €1,364,679 | €1,356,744 | -€7,935 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €84,574 | €81,944 | -€2,630 | -3.1% |
| Financial debts | 43 | €523,398 | €523,374 | -€24 | 0.0% |
| Credit institutions | 430/8 | €523,398 | €523,374 | -€24 | 0.0% |
| Trade debts | 44 | €675,031 | €651,035 | -€23,996 | -3.6% |
| Suppliers | 440/4 | €675,031 | €651,035 | -€23,996 | -3.6% |
| Advances received on contracts in progress | 46 | €71,148 | €87,120 | +€15,972 | +22.4% |
| Taxes, remuneration and social security | 45 | €8,929 | €10,070 | +€1,141 | +12.8% |
| Taxes | 450/3 | €4,471 | €10,070 | +€5,599 | +125% |
| Remuneration and social security | 454/9 | €4,459 | - | -€4,459 | |
| Other amounts payable | 47/48 | €1,598 | €3,200 | +€1,603 | +100% |
| Remuneration, social security and pensions | 62 | €137,377 | €97,117 | -€40,260 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,513 | €64,956 | +€3,442 | +5.6% |
| Other operating charges | 640/8 | €31,851 | €27,222 | -€4,630 | -14.5% |
| Gross operating margin | 9900 | €330,230 | €302,965 | -€27,265 | -8.3% |
| Operating profit (loss) | 9901 | €99,488 | €113,670 | +€14,182 | +14.3% |
| Financial income | 75/76B | €152 | €3,085 | +€2,933 | +1,926% |
| Recurring financial income | 75 | €152 | €3,085 | +€2,933 | +1,926% |
| Financial charges | 65/66B | €44,138 | €47,178 | +€3,040 | +6.9% |
| Recurring financial charges | 65 | €44,138 | €47,178 | +€3,040 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €55,502 | €69,578 | +€14,075 | +25.4% |
| Income taxes | 67/77 | €14,471 | €16,808 | +€2,337 | +16.2% |
| Profit (loss) for the period | 9904 | €41,031 | €52,770 | +€11,738 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,031 | €52,770 | +€11,738 | +28.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.