DEDOSI: 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.
DEDOSI
Largest movements
- Receivables within one year +€125,019
up €125,019 (+102%), from €123,070 to €248,088
of which Trade receivables: +€125,962
- Current investments -€26,860
down €26,860 (-76.9%), from €34,947 to €8,087
- Tangible fixed assets -€8,778
down €8,778 (-20.9%), from €41,978 to €33,200
of which Furniture and vehicles: -€12,224
- Cash -€3,611
down €3,611 (-54.0%), from €6,684 to €3,073
mainly Investment in fixed assets (net) (-€167,081) and Receivables within one year (-€125,019)
- Debts after one year +€92,557
up €92,557, from €0 to €92,557
- Reserves +€20,506
up €20,506 (+21.0%), from €97,853 to €118,359
of which Distributable reserves: +€21,455
- Accrued charges and deferred income -€15,583
down €15,583 (-55.0%), from €28,333 to €12,750
- Tax, wage and social debts -€14,791
down €14,791 (-35.1%), from €42,128 to €27,337
of which Taxes: -€17,096
- Gross operating margin +€190,125
up €190,125 (+741%), from €25,641 to €215,767
- Depreciation +€161,159
up €161,159 (+1,096%), from €14,700 to €175,859
- Taxes +€9,629
up €9,629 (+183%), from €5,264 to €14,893
- Financial charges +€5,331
up €5,331 (+527%), from €1,012 to €6,344
- Financial income +€3,315
up €3,315 (+214%), from €1,546 to €4,861
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 | €207,985 | €294,724 | +€86,738 | +41.7% |
| Fixed assets | 21/28 | €41,978 | €33,200 | -€8,778 | -20.9% |
| Tangible fixed assets | 22/27 | €41,978 | €33,200 | -€8,778 | -20.9% |
| Plant, machinery and equipment | 23 | €907 | €714 | -€193 | -21.3% |
| Furniture and vehicles | 24 | €41,071 | €28,847 | -€12,224 | -29.8% |
| Other tangible fixed assets | 26 | - | €3,640 | +€3,640 | |
| Current assets | 29/58 | €166,007 | €261,523 | +€95,516 | +57.5% |
| Amounts receivable within one year | 40/41 | €123,070 | €248,088 | +€125,019 | +102% |
| Trade receivables | 40 | €43,718 | €169,680 | +€125,962 | +288% |
| Other amounts receivable | 41 | €79,351 | €78,408 | -€943 | -1.2% |
| Current investments | 50/53 | €34,947 | €8,087 | -€26,860 | -76.9% |
| Cash at bank and in hand | 54/58 | €6,684 | €3,073 | -€3,611 | -54.0% |
| Deferred charges and accrued income | 490/1 | €1,307 | €2,275 | +€969 | +74.1% |
| Total equity and liabilities | 10/49 | €207,985 | €294,724 | +€86,738 | +41.7% |
| Equity | 10/15 | €122,853 | €143,359 | +€20,506 | +16.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €97,853 | €118,359 | +€20,506 | +21.0% |
| Non-distributable reserves | 130/1 | €949 | €0 | -€949 | -100% |
| Reserves not available under the articles | 1311 | €949 | €0 | -€949 | -100% |
| Distributable reserves | 133 | €96,904 | €118,359 | +€21,455 | +22.1% |
| Amounts payable | 17/49 | €85,133 | €151,365 | +€66,232 | +77.8% |
| Amounts payable after more than one year | 17 | €0 | €92,557 | +€92,557 | |
| Financial debts | 170/4 | €0 | €92,557 | +€92,557 | |
| Amounts payable within one year | 42/48 | €56,800 | €46,058 | -€10,741 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €14,348 | €16,267 | +€1,919 | +13.4% |
| Financial debts | 43 | - | €1,837 | +€1,837 | |
| Credit institutions | 430/8 | - | €1,837 | +€1,837 | |
| Trade debts | 44 | €323 | €618 | +€295 | +91.1% |
| Suppliers | 440/4 | €323 | €618 | +€295 | +91.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €42,128 | €27,337 | -€14,791 | -35.1% |
| Taxes | 450/3 | €42,128 | €25,032 | -€17,096 | -40.6% |
| Remuneration and social security | 454/9 | - | €2,305 | +€2,305 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €28,333 | €12,750 | -€15,583 | -55.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,700 | €175,859 | +€161,159 | +1,096% |
| Other operating charges | 640/8 | €2,979 | €3,026 | +€47 | +1.6% |
| Gross operating margin | 9900 | €25,641 | €215,767 | +€190,125 | +741% |
| Operating profit (loss) | 9901 | €7,962 | €36,882 | +€28,919 | +363% |
| Financial income | 75/76B | €1,546 | €4,861 | +€3,315 | +214% |
| Recurring financial income | 75 | €1,546 | €4,861 | +€3,315 | +214% |
| Financial charges | 65/66B | €1,012 | €6,344 | +€5,331 | +527% |
| Recurring financial charges | 65 | €1,012 | €6,344 | +€5,331 | +527% |
| Profit (loss) for the period before taxes | 9903 | €8,496 | €35,399 | +€26,903 | +317% |
| Income taxes | 67/77 | €5,264 | €14,893 | +€9,629 | +183% |
| Profit (loss) for the period | 9904 | €3,231 | €20,506 | +€17,274 | +535% |
| Profit (loss) for the period to be appropriated | 9905 | €3,231 | €20,506 | +€17,274 | +535% |
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 17 October 2026 via checked.be.