DEDROP: 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.
DEDROP
Largest movements
- Receivables within one year +€82,036
up €82,036 (+901.4%), from €9,101 to €91,137
of which Other amounts receivable: +€44,203
- Intangible fixed assets -€18,607
down €18,607 (-16.7%), from €111,612 to €93,005
- Tangible fixed assets -€4,573
down €4,573 (-5.6%), from €81,986 to €77,413
of which Furniture and vehicles: -€7,855
- Deferred charges and accrued income +€3,951
new in 2025: €3,951
- Profit (loss) carried forward +€90,031
up €90,031 (+175.4%), from €51,321 to €141,352
- Debts after one year -€21,284
down €21,284 (-19.6%), from €108,383 to €87,099
- Tax, wage and social debts +€16,105
up €16,105 (+44.5%), from €36,194 to €52,298
of which Taxes: +€19,406
- Trade debts -€14,123
down €14,123 (-38.0%), from €37,173 to €23,051
- Gross operating margin +€72,046
up €72,046 (+27.3%), from €264,281 to €336,327
- Taxes +€11,780
up €11,780 (+102.1%), from €11,533 to €23,313
- Depreciation +€9,615
up €9,615 (+33.4%), from €28,802 to €38,417
- Staff costs +€9,222
up €9,222 (+5.7%), from €161,374 to €170,596
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 | €281,752 | €349,278 | +€67,526 | +24.0% |
| Fixed assets | 21/28 | €193,803 | €170,623 | -€23,181 | -12.0% |
| Intangible fixed assets | 21 | €111,612 | €93,005 | -€18,607 | -16.7% |
| Tangible fixed assets | 22/27 | €81,986 | €77,413 | -€4,573 | -5.6% |
| Plant, machinery and equipment | 23 | - | €234 | +€234 | |
| Furniture and vehicles | 24 | €67,021 | €59,166 | -€7,855 | -11.7% |
| Other tangible fixed assets | 26 | €14,965 | €18,012 | +€3,047 | +20.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €87,949 | €178,655 | +€90,706 | +103.1% |
| Stocks and contracts in progress | 3 | €10,685 | €12,966 | +€2,282 | +21.4% |
| Stocks | 30/36 | €10,685 | €12,966 | +€2,282 | +21.4% |
| Amounts receivable within one year | 40/41 | €9,101 | €91,137 | +€82,036 | +901.4% |
| Trade receivables | 40 | - | €37,833 | +€37,833 | |
| Other amounts receivable | 41 | €9,101 | €53,304 | +€44,203 | +485.7% |
| Cash at bank and in hand | 54/58 | €68,163 | €70,601 | +€2,438 | +3.6% |
| Deferred charges and accrued income | 490/1 | - | €3,951 | +€3,951 | |
| Total equity and liabilities | 10/49 | €281,752 | €349,278 | +€67,526 | +24.0% |
| Equity | 10/15 | €73,821 | €163,852 | +€90,031 | +122.0% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,321 | €141,352 | +€90,031 | +175.4% |
| Amounts payable | 17/49 | €207,931 | €185,426 | -€22,505 | -10.8% |
| Amounts payable after more than one year | 17 | €108,383 | €87,099 | -€21,284 | -19.6% |
| Financial debts | 170/4 | €108,383 | €87,099 | -€21,284 | -19.6% |
| Amounts payable within one year | 42/48 | €99,548 | €98,327 | -€1,222 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €20,377 | €21,284 | +€906 | +4.4% |
| Trade debts | 44 | €37,173 | €23,051 | -€14,123 | -38.0% |
| Suppliers | 440/4 | €37,173 | €23,051 | -€14,123 | -38.0% |
| Advances received on contracts in progress | 46 | €1,413 | - | -€1,413 | |
| Taxes, remuneration and social security | 45 | €36,194 | €52,298 | +€16,105 | +44.5% |
| Taxes | 450/3 | €8,195 | €27,601 | +€19,406 | +236.8% |
| Remuneration and social security | 454/9 | €27,998 | €24,697 | -€3,301 | -11.8% |
| Other amounts payable | 47/48 | €4,390 | €1,694 | -€2,696 | -61.4% |
| Remuneration, social security and pensions | 62 | €161,374 | €170,596 | +€9,222 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,802 | €38,417 | +€9,615 | +33.4% |
| Other operating charges | 640/8 | €4,128 | €3,702 | -€426 | -10.3% |
| Gross operating margin | 9900 | €264,281 | €336,327 | +€72,046 | +27.3% |
| Operating profit (loss) | 9901 | €69,977 | €123,612 | +€53,635 | +76.6% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €7,123 | €10,286 | +€3,164 | +44.4% |
| Recurring financial charges | 65 | €7,123 | €10,286 | +€3,164 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €62,855 | €113,344 | +€50,489 | +80.3% |
| Income taxes | 67/77 | €11,533 | €23,313 | +€11,780 | +102.1% |
| Profit (loss) for the period | 9904 | €51,321 | €90,031 | +€38,709 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,321 | €90,031 | +€38,709 | +75.4% |
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 9 October 2026 via checked.be.