DEECON: 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.
DEECON
Largest movements
- Tangible fixed assets +€148,145
up €148,145 (+127%), from €116,641 to €264,786
of which Other tangible fixed assets: +€171,372
- Receivables within one year +€53,227
up €53,227 (+60.8%), from €87,566 to €140,794
of which Trade receivables: +€44,103
- Cash -€8,210
down €8,210 (-7.9%), from €104,557 to €96,346
mainly Investment in fixed assets (net) (-€205,613) and Contributions, distributions and other (-€109,500)
- Debts after one year +€133,017
up €133,017 (+178%), from €74,745 to €207,762
- Reserves +€65,794
up €65,794 (+77.0%), from €85,482 to €151,277
- Gross operating margin +€68,996
up €68,996 (+29.4%), from €234,769 to €303,766
- Depreciation +€31,527
up €31,527 (+122%), from €25,941 to €57,467
- Other operating charges -€9,961
down €9,961 (-80.3%), from €12,412 to €2,451
- Financial charges +€3,513
up €3,513 (+98.8%), from €3,557 to €7,071
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 | €316,531 | €510,079 | +€193,548 | +61.1% |
| Fixed assets | 21/28 | €117,591 | €265,736 | +€148,145 | +126% |
| Tangible fixed assets | 22/27 | €116,641 | €264,786 | +€148,145 | +127% |
| Plant, machinery and equipment | 23 | €18,815 | €14,123 | -€4,692 | -24.9% |
| Furniture and vehicles | 24 | €83,065 | €64,531 | -€18,535 | -22.3% |
| Other tangible fixed assets | 26 | €14,761 | €186,133 | +€171,372 | +1,161% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €198,940 | €244,343 | +€45,403 | +22.8% |
| Stocks and contracts in progress | 3 | €2,539 | €2,539 | = | 0.0% |
| Stocks | 30/36 | €2,539 | €2,539 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,566 | €140,794 | +€53,227 | +60.8% |
| Trade receivables | 40 | €81,933 | €126,036 | +€44,103 | +53.8% |
| Other amounts receivable | 41 | €5,634 | €14,758 | +€9,125 | +162% |
| Cash at bank and in hand | 54/58 | €104,557 | €96,346 | -€8,210 | -7.9% |
| Deferred charges and accrued income | 490/1 | €4,278 | €4,664 | +€386 | +9.0% |
| Total equity and liabilities | 10/49 | €316,531 | €510,079 | +€193,548 | +61.1% |
| Equity | 10/15 | €91,682 | €157,477 | +€65,794 | +71.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,482 | €151,277 | +€65,794 | +77.0% |
| Distributable reserves | 133 | €85,482 | €151,277 | +€65,794 | +77.0% |
| Amounts payable | 17/49 | €224,848 | €352,602 | +€127,754 | +56.8% |
| Amounts payable after more than one year | 17 | €74,745 | €207,762 | +€133,017 | +178% |
| Financial debts | 170/4 | €74,745 | €207,762 | +€133,017 | +178% |
| Amounts payable within one year | 42/48 | €148,854 | €140,025 | -€8,829 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €27,093 | €29,820 | +€2,727 | +10.1% |
| Trade debts | 44 | €6,338 | €2,853 | -€3,485 | -55.0% |
| Suppliers | 440/4 | €6,338 | €2,853 | -€3,485 | -55.0% |
| Taxes, remuneration and social security | 45 | €53,110 | €49,208 | -€3,902 | -7.3% |
| Taxes | 450/3 | €53,110 | €49,208 | -€3,902 | -7.3% |
| Other amounts payable | 47/48 | €62,312 | €58,143 | -€4,169 | -6.7% |
| Accrued charges and deferred income | 492/3 | €1,250 | €4,816 | +€3,566 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,941 | €57,467 | +€31,527 | +122% |
| Other operating charges | 640/8 | €12,412 | €2,451 | -€9,961 | -80.3% |
| Gross operating margin | 9900 | €234,769 | €303,766 | +€68,996 | +29.4% |
| Operating profit (loss) | 9901 | €196,417 | €243,847 | +€47,430 | +24.1% |
| Financial income | 75/76B | €0 | €251 | +€251 | +92,856% |
| Recurring financial income | 75 | €0 | €251 | +€251 | +92,856% |
| Financial charges | 65/66B | €3,557 | €7,071 | +€3,513 | +98.8% |
| Recurring financial charges | 65 | €3,557 | €7,071 | +€3,513 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €192,860 | €237,028 | +€44,168 | +22.9% |
| Income taxes | 67/77 | €59,237 | €61,733 | +€2,496 | +4.2% |
| Profit (loss) for the period | 9904 | €133,622 | €175,294 | +€41,672 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €133,622 | €175,294 | +€41,672 | +31.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.