DEDUYTSCHE HUBERT: 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.
DEDUYTSCHE HUBERT
Largest movements
- Cash -€52,516
down €52,516 (-18.6%), from €282,504 to €229,988
mainly Current investments (-€50,000) and Tax, wage and social debts (-€14,711)
- Current investments +€50,000
up €50,000 (+28.7%), from €174,197 to €224,197
- Tangible fixed assets -€17,313
down €17,313 (-3.5%), from €495,399 to €478,086
of which Land and buildings: -€17,223
- Tax, wage and social debts -€14,711
down €14,711 (-98.1%), from €14,994 to €283
- Gross operating margin -€21,919
down €21,919 (-54.5%), from €40,208 to €18,289
- Taxes -€7,897
down €7,897 (-80.1%), from €9,855 to €1,958
- Financial income -€2,336
down €2,336 (-35.2%), from €6,634 to €4,298
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 | €954,772 | €939,431 | -€15,341 | -1.6% |
| Fixed assets | 21/28 | €495,399 | €478,086 | -€17,313 | -3.5% |
| Tangible fixed assets | 22/27 | €495,399 | €478,086 | -€17,313 | -3.5% |
| Land and buildings | 22 | €492,872 | €475,649 | -€17,223 | -3.5% |
| Furniture and vehicles | 24 | €2,527 | €2,437 | -€90 | -3.6% |
| Current assets | 29/58 | €459,373 | €461,345 | +€1,972 | +0.4% |
| Amounts receivable within one year | 40/41 | €2,289 | €6,922 | +€4,633 | +202% |
| Other amounts receivable | 41 | €2,289 | €6,922 | +€4,633 | +202% |
| Current investments | 50/53 | €174,197 | €224,197 | +€50,000 | +28.7% |
| Cash at bank and in hand | 54/58 | €282,504 | €229,988 | -€52,516 | -18.6% |
| Deferred charges and accrued income | 490/1 | €383 | €238 | -€145 | -37.9% |
| Total equity and liabilities | 10/49 | €954,772 | €939,431 | -€15,341 | -1.6% |
| Equity | 10/15 | €939,291 | €937,921 | -€1,370 | -0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €919,291 | €917,921 | -€1,370 | -0.1% |
| Distributable reserves | 133 | €919,291 | €917,921 | -€1,370 | -0.1% |
| Amounts payable | 17/49 | €15,481 | €1,510 | -€13,971 | -90.2% |
| Amounts payable within one year | 42/48 | €14,994 | €1,042 | -€13,952 | -93.1% |
| Trade debts | 44 | - | €186 | +€186 | |
| Suppliers | 440/4 | - | €186 | +€186 | |
| Taxes, remuneration and social security | 45 | €14,994 | €283 | -€14,711 | -98.1% |
| Taxes | 450/3 | €14,994 | €283 | -€14,711 | -98.1% |
| Other amounts payable | 47/48 | - | €573 | +€573 | |
| Accrued charges and deferred income | 492/3 | €487 | €468 | -€19 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,120 | €18,112 | -€8 | 0.0% |
| Other operating charges | 640/8 | €3,152 | €3,250 | +€98 | +3.1% |
| Gross operating margin | 9900 | €40,208 | €18,289 | -€21,919 | -54.5% |
| Operating profit (loss) | 9901 | €18,936 | -€3,073 | -€22,009 | |
| Financial income | 75/76B | €6,634 | €4,298 | -€2,336 | -35.2% |
| Recurring financial income | 75 | €6,634 | €4,298 | -€2,336 | -35.2% |
| Financial charges | 65/66B | €634 | €637 | +€3 | +0.5% |
| Recurring financial charges | 65 | €634 | €637 | +€3 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €24,936 | €588 | -€24,348 | -97.6% |
| Income taxes | 67/77 | €9,855 | €1,958 | -€7,897 | -80.1% |
| Profit (loss) for the period | 9904 | €15,081 | -€1,370 | -€16,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,081 | -€1,370 | -€16,451 |
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 26 October 2026 via checked.be.