DEDRA: 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.
DEDRA
Largest movements
- Tangible fixed assets +€14,431
up €14,431 (+3.3%), from €442,275 to €456,706
of which Furniture and vehicles: +€32,697
- Receivables within one year -€8,265
down €8,265 (-57.5%), from €14,373 to €6,108
of which Trade receivables: -€13,308
- Stocks and contracts +€6,892
new in 2025: €6,892
- Other debts +€36,052
up €36,052 (+42.9%), from €84,121 to €120,173
- Trade debts +€14,708
new in 2025: €14,708
- Debts after one year -€13,680
down €13,680 (-13.9%), from €98,106 to €84,426
- Provisions -€12,499
down €12,499 (-20.8%), from €60,008 to €47,509
- Reserves -€6,906
down €6,906 (-4.9%), from €141,301 to €134,395
of which Tax-exempt reserves: -€24,275
- Other operating charges -€5,534
no longer reported in 2025 (was €5,534)
- Depreciation +€4,421
up €4,421 (+20.3%), from €21,756 to €26,177
- Taxes -€827
down €827 (-8.4%), from €9,881 to €9,054
- Financial charges -€434
down €434 (-16.5%), from €2,633 to €2,199
- Gross operating margin -€259
down €259 (-1.0%), from €25,759 to €25,501
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 | €461,347 | €476,893 | +€15,546 | +3.4% |
| Formation expenses | 20 | €1,033 | €1,033 | = | 0.0% |
| Fixed assets | 21/28 | €442,926 | €457,501 | +€14,575 | +3.3% |
| Tangible fixed assets | 22/27 | €442,275 | €456,706 | +€14,431 | +3.3% |
| Land and buildings | 22 | €424,413 | €410,667 | -€13,745 | -3.2% |
| Plant, machinery and equipment | 23 | €229 | €18 | -€211 | -92.3% |
| Furniture and vehicles | 24 | €356 | €33,053 | +€32,697 | +9176.5% |
| Other tangible fixed assets | 26 | €17,277 | €12,968 | -€4,309 | -24.9% |
| Financial fixed assets | 28 | €651 | €794 | +€144 | +22.1% |
| Current assets | 29/58 | €17,388 | €18,360 | +€972 | +5.6% |
| Stocks and contracts in progress | 3 | - | €6,892 | +€6,892 | |
| Stocks | 30/36 | - | €6,892 | +€6,892 | |
| Amounts receivable within one year | 40/41 | €14,373 | €6,108 | -€8,265 | -57.5% |
| Trade receivables | 40 | €14,373 | €1,065 | -€13,308 | -92.6% |
| Other amounts receivable | 41 | - | €5,043 | +€5,043 | |
| Cash at bank and in hand | 54/58 | €3,015 | €5,360 | +€2,345 | +77.8% |
| Total equity and liabilities | 10/49 | €461,347 | €476,893 | +€15,546 | +3.4% |
| Equity | 10/15 | €203,303 | €196,397 | -€6,906 | -3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €141,301 | €134,395 | -€6,906 | -4.9% |
| Non-distributable reserves | 130/1 | €3,099 | €3,100 | +€1 | 0.0% |
| Legal reserve | 130 | €3,099 | €3,100 | +€1 | 0.0% |
| Tax-exempt reserves | 132 | €118,904 | €94,629 | -€24,275 | -20.4% |
| Distributable reserves | 133 | €19,299 | €36,666 | +€17,367 | +90.0% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,008 | €47,509 | -€12,499 | -20.8% |
| Deferred taxes | 168 | €60,008 | €47,509 | -€12,499 | -20.8% |
| Amounts payable | 17/49 | €198,036 | €232,987 | +€34,952 | +17.6% |
| Amounts payable after more than one year | 17 | €98,106 | €84,426 | -€13,680 | -13.9% |
| Financial debts | 170/4 | €98,106 | €84,426 | -€13,680 | -13.9% |
| Amounts payable within one year | 42/48 | €99,930 | €148,562 | +€48,632 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €14,627 | €13,680 | -€946 | -6.5% |
| Trade debts | 44 | - | €14,708 | +€14,708 | |
| Suppliers | 440/4 | - | €14,708 | +€14,708 | |
| Taxes, remuneration and social security | 45 | €1,182 | €0 | -€1,182 | -100.0% |
| Taxes | 450/3 | €1,182 | €0 | -€1,182 | -100.0% |
| Other amounts payable | 47/48 | €84,121 | €120,173 | +€36,052 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,756 | €26,177 | +€4,421 | +20.3% |
| Other operating charges | 640/8 | €5,534 | - | -€5,534 | |
| Non-recurring operating charges | 66A | - | €7,475 | +€7,475 | |
| Gross operating margin | 9900 | €25,759 | €25,501 | -€259 | -1.0% |
| Operating profit (loss) | 9901 | -€1,530 | -€8,151 | -€6,621 | -432.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,633 | €2,199 | -€434 | -16.5% |
| Recurring financial charges | 65 | €2,633 | €2,199 | -€434 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,162 | -€10,351 | -€6,189 | -148.7% |
| Transfer from deferred taxes | 780 | €12,499 | - | -€12,499 | |
| Income taxes | 67/77 | €9,881 | €9,054 | -€827 | -8.4% |
| Profit (loss) for the period | 9904 | -€1,544 | -€19,405 | -€17,861 | -1156.5% |
| Transfer from tax-exempt reserves | 789 | €24,274 | €36,773 | +€12,499 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,729 | €17,367 | -€5,362 | -23.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.