DEH GROUP: 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.
DEH GROUP
Largest movements
- Stocks and contracts +€647,155
up €647,155 (+58.8%), from €1.1m to €1.7m
- Receivables within one year +€76,146
up €76,146 (+53.2%), from €143,262 to €219,408
of which Trade receivables: +€73,367
- Debts after one year +€446,597
up €446,597 (+48.8%), from €914,251 to €1.4m
- Trade debts +€267,755
up €267,755 (+571%), from €46,855 to €314,610
- Gross operating margin +€32,466
up €32,466 (+47.0%), from €69,082 to €101,548
- Financial charges +€20,708
up €20,708 (+260%), from €7,979 to €28,687
- Other operating charges +€6,618
up €6,618 (+293%), from €2,258 to €8,876
- Taxes -€6,389
no longer reported in 2025 (was €6,389)
- Staff costs -€2,826
down €2,826 (-5.2%), from €54,729 to €51,903
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 | €1,247,030 | €1,968,082 | +€721,052 | +57.8% |
| Current assets | 29/58 | €1,247,030 | €1,968,082 | +€721,052 | +57.8% |
| Stocks and contracts in progress | 3 | €1,100,172 | €1,747,327 | +€647,155 | +58.8% |
| Stocks | 30/36 | €1,100,172 | €1,747,327 | +€647,155 | +58.8% |
| Amounts receivable within one year | 40/41 | €143,262 | €219,408 | +€76,146 | +53.2% |
| Trade receivables | 40 | €139,676 | €213,043 | +€73,367 | +52.5% |
| Other amounts receivable | 41 | €3,586 | €6,365 | +€2,779 | +77.5% |
| Cash at bank and in hand | 54/58 | €3,596 | €1,347 | -€2,249 | -62.5% |
| Total equity and liabilities | 10/49 | €1,247,030 | €1,968,082 | +€721,052 | +57.8% |
| Equity | 10/15 | €69,665 | €81,747 | +€12,082 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,205 | €61,287 | +€12,082 | +24.6% |
| Amounts payable | 17/49 | €1,177,365 | €1,886,335 | +€708,970 | +60.2% |
| Amounts payable after more than one year | 17 | €914,251 | €1,360,848 | +€446,597 | +48.8% |
| Other amounts payable | 178/9 | €914,251 | €1,360,848 | +€446,597 | +48.8% |
| Amounts payable within one year | 42/48 | €263,114 | €525,487 | +€262,373 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €202,047 | €200,000 | -€2,047 | -1.0% |
| Financial debts | 43 | - | €3,440 | +€3,440 | |
| Credit institutions | 430/8 | - | €3,440 | +€3,440 | |
| Trade debts | 44 | €46,855 | €314,610 | +€267,755 | +571% |
| Suppliers | 440/4 | €46,855 | €314,610 | +€267,755 | +571% |
| Taxes, remuneration and social security | 45 | €14,212 | €7,437 | -€6,775 | -47.7% |
| Taxes | 450/3 | €4,424 | €672 | -€3,752 | -84.8% |
| Remuneration and social security | 454/9 | €9,788 | €6,765 | -€3,023 | -30.9% |
| Remuneration, social security and pensions | 62 | €54,729 | €51,903 | -€2,826 | -5.2% |
| Other operating charges | 640/8 | €2,258 | €8,876 | +€6,618 | +293% |
| Gross operating margin | 9900 | €69,082 | €101,548 | +€32,466 | +47.0% |
| Operating profit (loss) | 9901 | €12,095 | €40,769 | +€28,674 | +237% |
| Financial charges | 65/66B | €7,979 | €28,687 | +€20,708 | +260% |
| Recurring financial charges | 65 | €7,979 | €28,687 | +€20,708 | +260% |
| Profit (loss) for the period before taxes | 9903 | €4,116 | €12,082 | +€7,966 | +194% |
| Income taxes | 67/77 | €6,389 | - | -€6,389 | |
| Profit (loss) for the period | 9904 | -€2,273 | €12,082 | +€14,355 | |
| Transfer from tax-exempt reserves | 789 | €14,438 | - | -€14,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,165 | €12,082 | -€83 | -0.7% |
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 17 October 2026 via checked.be.