DEDRIE LINDSEY: 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.
DEDRIE LINDSEY
Largest movements
- Receivables within one year -€23,222
down €23,222 (-29.5%), from €78,793 to €55,571
of which Trade receivables: -€15,909
- Cash +€8,885
up €8,885 (+111,761%), from €8 to €8,893
mainly Net result for the year (+€25,424) and Receivables within one year (+€23,222)
- Receivables after one year +€5,627
up €5,627 (+15.4%), from €36,442 to €42,069
- Debts after one year +€18,484
up €18,484 (+2,417%), from €765 to €19,248
- Short-term financial debts -€12,976
down €12,976 (-100.0%), from €12,977 to €1
- Tax, wage and social debts -€7,815
down €7,815 (-99.3%), from €7,867 to €51
- Trade debts -€7,148
down €7,148 (-74.8%), from €9,560 to €2,412
- Reserves +€5,924
up €5,924 (+9.2%), from €64,168 to €70,091
- Gross operating margin -€13,347
down €13,347 (-29.1%), from €45,831 to €32,483
- Taxes -€4,313
down €4,313 (-57.4%), from €7,514 to €3,202
- Financial charges +€2,872
up €2,872 (+81.5%), from €3,523 to €6,395
- Financial income -€888
down €888 (-17.5%), from €5,085 to €4,196
- Other operating charges +€698
up €698 (+112%), from €620 to €1,318
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 | €116,860 | €107,770 | -€9,089 | -7.8% |
| Fixed assets | 21/28 | €1,579 | €1,238 | -€341 | -21.6% |
| Tangible fixed assets | 22/27 | €1,579 | €1,238 | -€341 | -21.6% |
| Plant, machinery and equipment | 23 | €1,579 | €1,238 | -€341 | -21.6% |
| Current assets | 29/58 | €115,281 | €106,533 | -€8,748 | -7.6% |
| Amounts receivable after more than one year | 29 | €36,442 | €42,069 | +€5,627 | +15.4% |
| Other amounts receivable | 291 | €36,442 | €42,069 | +€5,627 | +15.4% |
| Amounts receivable within one year | 40/41 | €78,793 | €55,571 | -€23,222 | -29.5% |
| Trade receivables | 40 | €15,909 | - | -€15,909 | |
| Other amounts receivable | 41 | €62,884 | €55,571 | -€7,313 | -11.6% |
| Cash at bank and in hand | 54/58 | €8 | €8,893 | +€8,885 | +111,761% |
| Deferred charges and accrued income | 490/1 | €38 | - | -€38 | |
| Total equity and liabilities | 10/49 | €116,860 | €107,770 | -€9,089 | -7.8% |
| Equity | 10/15 | €70,368 | €76,291 | +€5,924 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,168 | €70,091 | +€5,924 | +9.2% |
| Distributable reserves | 133 | €64,168 | €70,091 | +€5,924 | +9.2% |
| Amounts payable | 17/49 | €46,492 | €31,479 | -€15,013 | -32.3% |
| Amounts payable after more than one year | 17 | €765 | €19,248 | +€18,484 | +2,417% |
| Financial debts | 170/4 | €765 | €19,248 | +€18,484 | +2,417% |
| Amounts payable within one year | 42/48 | €41,986 | €9,831 | -€32,155 | -76.6% |
| Current portion of amounts payable after more than one year | 42 | €11,582 | €7,366 | -€4,216 | -36.4% |
| Financial debts | 43 | €12,977 | €1 | -€12,976 | -100.0% |
| Credit institutions | 430/8 | €12,977 | €1 | -€12,976 | -100.0% |
| Trade debts | 44 | €9,560 | €2,412 | -€7,148 | -74.8% |
| Suppliers | 440/4 | €9,560 | €2,412 | -€7,148 | -74.8% |
| Taxes, remuneration and social security | 45 | €7,867 | €51 | -€7,815 | -99.3% |
| Taxes | 450/3 | €7,867 | €51 | -€7,815 | -99.3% |
| Accrued charges and deferred income | 492/3 | €3,742 | €2,400 | -€1,342 | -35.9% |
| Non-recurring operating income | 76A | €7,506 | - | -€7,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €341 | +€214 | +167% |
| Other operating charges | 640/8 | €620 | €1,318 | +€698 | +112% |
| Gross operating margin | 9900 | €45,831 | €32,483 | -€13,347 | -29.1% |
| Operating profit (loss) | 9901 | €45,082 | €30,824 | -€14,258 | -31.6% |
| Financial income | 75/76B | €5,085 | €4,196 | -€888 | -17.5% |
| Recurring financial income | 75 | €5,085 | €4,196 | -€888 | -17.5% |
| Financial charges | 65/66B | €3,523 | €6,395 | +€2,872 | +81.5% |
| Recurring financial charges | 65 | €3,523 | €6,395 | +€2,872 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €46,644 | €28,625 | -€18,019 | -38.6% |
| Income taxes | 67/77 | €7,514 | €3,202 | -€4,313 | -57.4% |
| Profit (loss) for the period | 9904 | €39,129 | €25,424 | -€13,706 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,129 | €25,424 | -€13,706 | -35.0% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.