DEDROOG Luc: 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.
DEDROOG Luc
Largest movements
- Cash +€57,006
up €57,006 (+16.4%), from €346,724 to €403,730
mainly Net result for the year (+€77,466) and Receivables within one year (+€29,904)
- Tangible fixed assets +€40,265
up €40,265 (+1,021%), from €3,945 to €44,210
- Receivables within one year -€29,904
down €29,904 (-61.1%), from €48,953 to €19,049
of which Trade receivables: -€22,092
- Reserves +€77,466
up €77,466 (+22.3%), from €346,926 to €424,392
- Other debts -€22,130
down €22,130 (-88.5%), from €25,000 to €2,870
- Trade debts +€8,984
up €8,984 (+2,548%), from €353 to €9,337
- Depreciation +€7,514
up €7,514 (+661%), from €1,136 to €8,650
- Gross operating margin +€4,028
up €4,028 (+3.5%), from €114,235 to €118,263
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 | €443,928 | €510,895 | +€66,966 | +15.1% |
| Fixed assets | 21/28 | €3,945 | €44,210 | +€40,265 | +1,021% |
| Tangible fixed assets | 22/27 | €3,945 | €44,210 | +€40,265 | +1,021% |
| Furniture and vehicles | 24 | €3,945 | €44,210 | +€40,265 | +1,021% |
| Current assets | 29/58 | €439,983 | €466,685 | +€26,701 | +6.1% |
| Amounts receivable within one year | 40/41 | €48,953 | €19,049 | -€29,904 | -61.1% |
| Trade receivables | 40 | €41,140 | €19,049 | -€22,092 | -53.7% |
| Other amounts receivable | 41 | €7,813 | €0 | -€7,813 | -100% |
| Current investments | 50/53 | €43,349 | €42,863 | -€487 | -1.1% |
| Cash at bank and in hand | 54/58 | €346,724 | €403,730 | +€57,006 | +16.4% |
| Deferred charges and accrued income | 490/1 | €957 | €1,044 | +€86 | +9.0% |
| Total equity and liabilities | 10/49 | €443,928 | €510,895 | +€66,966 | +15.1% |
| Equity | 10/15 | €404,005 | €481,471 | +€77,466 | +19.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €346,926 | €424,392 | +€77,466 | +22.3% |
| Distributable reserves | 133 | €346,926 | €424,392 | +€77,466 | +22.3% |
| Profit (loss) carried forward | 14 | €44,579 | €44,579 | = | 0.0% |
| Amounts payable | 17/49 | €39,923 | €29,424 | -€10,499 | -26.3% |
| Amounts payable within one year | 42/48 | €39,923 | €29,424 | -€10,499 | -26.3% |
| Trade debts | 44 | €353 | €9,337 | +€8,984 | +2,548% |
| Suppliers | 440/4 | €353 | €9,337 | +€8,984 | +2,548% |
| Taxes, remuneration and social security | 45 | €14,571 | €17,217 | +€2,646 | +18.2% |
| Taxes | 450/3 | €13,301 | €17,217 | +€3,916 | +29.4% |
| Remuneration and social security | 454/9 | €1,270 | €0 | -€1,270 | -100% |
| Other amounts payable | 47/48 | €25,000 | €2,870 | -€22,130 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,136 | €8,650 | +€7,514 | +661% |
| Other operating charges | 640/8 | €1,029 | €990 | -€39 | -3.8% |
| Gross operating margin | 9900 | €114,235 | €118,263 | +€4,028 | +3.5% |
| Operating profit (loss) | 9901 | €112,070 | €108,622 | -€3,447 | -3.1% |
| Financial income | 75/76B | €338 | €165 | -€174 | -51.3% |
| Recurring financial income | 75 | €338 | €165 | -€174 | -51.3% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €112,291 | €108,656 | -€3,635 | -3.2% |
| Income taxes | 67/77 | €32,187 | €31,190 | -€997 | -3.1% |
| Profit (loss) for the period | 9904 | €80,103 | €77,466 | -€2,638 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,103 | €77,466 | -€2,638 | -3.3% |
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.