DEEP: 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.
DEEP
Largest movements
- Tangible fixed assets -€18,154
down €18,154 (-6.6%), from €273,013 to €254,859
of which Land and buildings: -€21,373
- Receivables within one year -€8,939
down €8,939 (-12.7%), from €70,116 to €61,177
of which Trade receivables: -€6,626
- Deferred charges and accrued income +€8,037
up €8,037 (+193%), from €4,173 to €12,210
- Debts after one year -€23,750
down €23,750 (-17.1%), from €138,542 to €114,792
- Reserves +€23,132
up €23,132 (+41.9%), from €55,144 to €78,276
of which Distributable reserves: +€22,529
- Other debts -€22,491
down €22,491 (-42.4%), from €53,018 to €30,527
- Tax, wage and social debts -€5,514
down €5,514 (-36.2%), from €15,240 to €9,727
- Trade debts +€4,510
up €4,510 (+70.8%), from €6,372 to €10,882
- Gross operating margin -€15,580
down €15,580 (-20.9%), from €74,436 to €58,856
- Other operating charges -€5,083
down €5,083 (-70.4%), from €7,220 to €2,137
- Financial income +€2,977
up €2,977 (+135%), from €2,211 to €5,188
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 | €357,345 | €339,580 | -€17,764 | -5.0% |
| Fixed assets | 21/28 | €273,344 | €254,890 | -€18,454 | -6.8% |
| Intangible fixed assets | 21 | €300 | - | -€300 | |
| Tangible fixed assets | 22/27 | €273,013 | €254,859 | -€18,154 | -6.6% |
| Land and buildings | 22 | €270,681 | €249,308 | -€21,373 | -7.9% |
| Plant, machinery and equipment | 23 | €2,332 | €2,272 | -€60 | -2.6% |
| Furniture and vehicles | 24 | - | €3,279 | +€3,279 | |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €84,001 | €84,690 | +€690 | +0.8% |
| Amounts receivable within one year | 40/41 | €70,116 | €61,177 | -€8,939 | -12.7% |
| Trade receivables | 40 | €24,099 | €17,473 | -€6,626 | -27.5% |
| Other amounts receivable | 41 | €46,017 | €43,704 | -€2,313 | -5.0% |
| Cash at bank and in hand | 54/58 | €9,712 | €11,303 | +€1,591 | +16.4% |
| Deferred charges and accrued income | 490/1 | €4,173 | €12,210 | +€8,037 | +193% |
| Total equity and liabilities | 10/49 | €357,345 | €339,580 | -€17,764 | -5.0% |
| Equity | 10/15 | €117,144 | €140,276 | +€23,132 | +19.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €55,144 | €78,276 | +€23,132 | +41.9% |
| Non-distributable reserves | 130/1 | €5,597 | €6,200 | +€603 | +10.8% |
| Legal reserve | 130 | €5,597 | €6,200 | +€603 | +10.8% |
| Tax-exempt reserves | 132 | €179 | €179 | = | 0.0% |
| Distributable reserves | 133 | €49,368 | €71,897 | +€22,529 | +45.6% |
| Amounts payable | 17/49 | €240,201 | €199,305 | -€40,896 | -17.0% |
| Amounts payable after more than one year | 17 | €138,542 | €114,792 | -€23,750 | -17.1% |
| Financial debts | 170/4 | €138,542 | €114,792 | -€23,750 | -17.1% |
| Amounts payable within one year | 42/48 | €98,380 | €79,060 | -€19,320 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €23,750 | €27,924 | +€4,174 | +17.6% |
| Trade debts | 44 | €6,372 | €10,882 | +€4,510 | +70.8% |
| Suppliers | 440/4 | €6,372 | €10,882 | +€4,510 | +70.8% |
| Taxes, remuneration and social security | 45 | €15,240 | €9,727 | -€5,514 | -36.2% |
| Taxes | 450/3 | €15,240 | €9,727 | -€5,514 | -36.2% |
| Other amounts payable | 47/48 | €53,018 | €30,527 | -€22,491 | -42.4% |
| Accrued charges and deferred income | 492/3 | €3,279 | €5,453 | +€2,174 | +66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,136 | €23,106 | -€31 | -0.1% |
| Other operating charges | 640/8 | €7,220 | €2,137 | -€5,083 | -70.4% |
| Gross operating margin | 9900 | €74,436 | €58,856 | -€15,580 | -20.9% |
| Operating profit (loss) | 9901 | €44,080 | €33,613 | -€10,467 | -23.7% |
| Financial income | 75/76B | €2,211 | €5,188 | +€2,977 | +135% |
| Recurring financial income | 75 | €2,211 | €5,188 | +€2,977 | +135% |
| Financial charges | 65/66B | €4,498 | €4,344 | -€153 | -3.4% |
| Recurring financial charges | 65 | €4,498 | €4,344 | -€153 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €41,793 | €34,457 | -€7,336 | -17.6% |
| Income taxes | 67/77 | €11,344 | €11,325 | -€19 | -0.2% |
| Profit (loss) for the period | 9904 | €30,449 | €23,132 | -€7,317 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,449 | €23,132 | -€7,317 | -24.0% |
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 15 October 2026 via checked.be.