DEE: 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.
DEE
Largest movements
- Cash +€416,667
new in 2026: €416,667
mainly Net result for the year (+€689,834) and Debts after one year (+€139,001)
- Tangible fixed assets +€210,323
up €210,323 (+38.6%), from €544,368 to €754,692
of which Plant, machinery and equipment: +€220,260
- Receivables within one year +€144,025
up €144,025 (+332%), from €43,373 to €187,399
of which Trade receivables: +€144,137
- Current investments -€111,976
down €111,976 (-95.7%), from €116,976 to €5,000
- Reserves +€395,717
up €395,717 (+50.2%), from €788,417 to €1.2m
of which Distributable reserves: +€311,517
- Debts after one year +€139,001
up €139,001 (+93.7%), from €148,406 to €287,407
- Current portion of long-term debt +€58,377
up €58,377 (+98.7%), from €59,140 to €117,517
- Other debts +€49,921
up €49,921 (+24.7%), from €201,905 to €251,826
- Financial income +€318,070
up €318,070 (+3,492%), from €9,109 to €327,179
- Depreciation +€54,843
up €54,843 (+382%), from €14,359 to €69,203
- Taxes -€27,258
down €27,258 (-19.3%), from €141,553 to €114,295
- Gross operating margin -€6,405
down €6,405 (-1.1%), from €560,553 to €554,149
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,268,742 | €1,928,332 | +€659,590 | +52.0% |
| Fixed assets | 21/28 | €1,106,868 | €1,317,192 | +€210,323 | +19.0% |
| Tangible fixed assets | 22/27 | €544,368 | €754,692 | +€210,323 | +38.6% |
| Plant, machinery and equipment | 23 | €512,420 | €732,680 | +€220,260 | +43.0% |
| Furniture and vehicles | 24 | €31,948 | €22,011 | -€9,937 | -31.1% |
| Financial fixed assets | 28 | €562,500 | €562,500 | = | 0.0% |
| Current assets | 29/58 | €161,874 | €611,141 | +€449,266 | +278% |
| Amounts receivable within one year | 40/41 | €43,373 | €187,399 | +€144,025 | +332% |
| Trade receivables | 40 | €43,262 | €187,399 | +€144,137 | +333% |
| Other amounts receivable | 41 | €112 | €0 | -€112 | -100% |
| Current investments | 50/53 | €116,976 | €5,000 | -€111,976 | -95.7% |
| Cash at bank and in hand | 54/58 | - | €416,667 | +€416,667 | |
| Deferred charges and accrued income | 490/1 | €1,525 | €2,075 | +€549 | +36.0% |
| Total equity and liabilities | 10/49 | €1,268,742 | €1,928,332 | +€659,590 | +52.0% |
| Equity | 10/15 | €807,017 | €1,202,733 | +€395,717 | +49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €788,417 | €1,184,133 | +€395,717 | +50.2% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €788,417 | €1,099,933 | +€311,517 | +39.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €461,726 | €725,599 | +€263,873 | +57.1% |
| Amounts payable after more than one year | 17 | €148,406 | €287,407 | +€139,001 | +93.7% |
| Financial debts | 170/4 | €148,406 | €287,407 | +€139,001 | +93.7% |
| Amounts payable within one year | 42/48 | €313,299 | €438,150 | +€124,851 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €59,140 | €117,517 | +€58,377 | +98.7% |
| Trade debts | 44 | €6,171 | €4,366 | -€1,805 | -29.2% |
| Suppliers | 440/4 | €6,171 | €4,366 | -€1,805 | -29.2% |
| Taxes, remuneration and social security | 45 | €46,083 | €64,441 | +€18,358 | +39.8% |
| Taxes | 450/3 | €46,083 | €64,441 | +€18,358 | +39.8% |
| Other amounts payable | 47/48 | €201,905 | €251,826 | +€49,921 | +24.7% |
| Accrued charges and deferred income | 492/3 | €21 | €42 | +€21 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,359 | €69,203 | +€54,843 | +382% |
| Other operating charges | 640/8 | €1,149 | €1,213 | +€64 | +5.6% |
| Non-recurring operating charges | 66A | - | €1,476 | +€1,476 | |
| Gross operating margin | 9900 | €560,553 | €554,149 | -€6,405 | -1.1% |
| Operating profit (loss) | 9901 | €545,045 | €482,256 | -€62,788 | -11.5% |
| Financial income | 75/76B | €9,109 | €327,179 | +€318,070 | +3,492% |
| Recurring financial income | 75 | €9,109 | €327,179 | +€318,070 | +3,492% |
| Financial charges | 65/66B | €2,119 | €5,306 | +€3,187 | +150% |
| Recurring financial charges | 65 | €2,119 | €5,306 | +€3,187 | +150% |
| Profit (loss) for the period before taxes | 9903 | €552,035 | €804,129 | +€252,094 | +45.7% |
| Income taxes | 67/77 | €141,553 | €114,295 | -€27,258 | -19.3% |
| Profit (loss) for the period | 9904 | €410,482 | €689,834 | +€279,352 | +68.1% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €410,482 | €605,634 | +€195,152 | +47.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.