DEES: 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.
DEES
Largest movements
- Receivables within one year +€24,074
up €24,074 (+38.1%), from €63,126 to €87,200
of which Trade receivables: +€21,082
- Cash +€22,241
up €22,241 (+53.0%), from €41,926 to €64,167
mainly Net result for the year (+€52,920) and Trade debts (+€42,816)
- Stocks and contracts +€6,651
up €6,651 (+5.6%), from €118,588 to €125,239
- Tangible fixed assets +€3,167
up €3,167 (+592.5%), from €534 to €3,701
of which Furniture and vehicles: +€3,434
- Profit (loss) carried forward +€52,920
up €52,920 (+74.8%), from €70,742 to €123,661
- Trade debts +€42,816
up €42,816 (+518.7%), from €8,255 to €51,071
- Advances received -€34,867
down €34,867 (-100.0%), from €34,867 to €0
- Current portion of long-term debt -€17,246
down €17,246 (-100.0%), from €17,246 to €0
- Tax, wage and social debts +€12,592
up €12,592 (+188.7%), from €6,672 to €19,264
- Staff costs -€8,963
down €8,963 (-100.0%), from €8,963 to €0
- Taxes +€2,592
up €2,592 (+15.5%), from €16,672 to €19,264
- Financial income -€1,089
down €1,089 (-64.1%), from €1,697 to €609
of which Financial income: -€1,089
- Gross operating margin +€828
up €828 (+1.1%), from €77,428 to €78,256
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 | €225,622 | €281,837 | +€56,215 | +24.9% |
| Fixed assets | 21/28 | €534 | €3,701 | +€3,167 | +592.5% |
| Tangible fixed assets | 22/27 | €534 | €3,701 | +€3,167 | +592.5% |
| Furniture and vehicles | 24 | - | €3,434 | +€3,434 | |
| Other tangible fixed assets | 26 | €534 | €267 | -€267 | -50.0% |
| Current assets | 29/58 | €225,088 | €278,136 | +€53,048 | +23.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €118,588 | €125,239 | +€6,651 | +5.6% |
| Stocks | 30/36 | €118,588 | €125,239 | +€6,651 | +5.6% |
| Amounts receivable within one year | 40/41 | €63,126 | €87,200 | +€24,074 | +38.1% |
| Trade receivables | 40 | €8,313 | €29,395 | +€21,082 | +253.6% |
| Other amounts receivable | 41 | €54,814 | €57,805 | +€2,992 | +5.5% |
| Cash at bank and in hand | 54/58 | €41,926 | €64,167 | +€22,241 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,448 | €1,530 | +€82 | +5.7% |
| Total equity and liabilities | 10/49 | €225,622 | €281,837 | +€56,215 | +24.9% |
| Equity | 10/15 | €158,582 | €211,502 | +€52,920 | +33.4% |
| Contributions | 10/11 | €29,469 | €29,469 | = | 0.0% |
| Reserves | 13 | €58,371 | €58,371 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,114 | €10,114 | = | 0.0% |
| Distributable reserves | 133 | €48,258 | €48,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,742 | €123,661 | +€52,920 | +74.8% |
| Amounts payable | 17/49 | €67,040 | €70,335 | +€3,295 | +4.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €67,040 | €70,335 | +€3,295 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €17,246 | €0 | -€17,246 | -100.0% |
| Trade debts | 44 | €8,255 | €51,071 | +€42,816 | +518.7% |
| Suppliers | 440/4 | €8,255 | €51,071 | +€42,816 | +518.7% |
| Advances received on contracts in progress | 46 | €34,867 | €0 | -€34,867 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,672 | €19,264 | +€12,592 | +188.7% |
| Taxes | 450/3 | €6,672 | €19,264 | +€12,592 | +188.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,963 | €0 | -€8,963 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €568 | -€79 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,394 | €1,861 | +€467 | +33.5% |
| Gross operating margin | 9900 | €77,428 | €78,256 | +€828 | +1.1% |
| Operating profit (loss) | 9901 | €66,424 | €75,826 | +€9,403 | +14.2% |
| Financial income | 75/76B | €1,697 | €609 | -€1,089 | -64.1% |
| Recurring financial income | 75 | €1,697 | €609 | -€1,089 | -64.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,069 | €4,251 | +€182 | +4.5% |
| Recurring financial charges | 65 | €3,019 | €3,271 | +€252 | +8.3% |
| Non-recurring financial charges | 66B | €1,050 | €980 | -€70 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €64,052 | €72,184 | +€8,132 | +12.7% |
| Income taxes | 67/77 | €16,672 | €19,264 | +€2,592 | +15.5% |
| Profit (loss) for the period | 9904 | €47,380 | €52,920 | +€5,540 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,380 | €52,920 | +€5,540 | +11.7% |
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 6 October 2026 via checked.be.