DEHON & Associés: 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.
DEHON & Associés
Largest movements
- Formation expenses -€388,704
no longer reported in 2025 (was €388,704)
- Receivables within one year +€301,102
up €301,102 (+119%), from €252,254 to €553,356
of which Trade receivables: +€323,635
- Intangible fixed assets +€293,422
up €293,422 (+41.0%), from €715,092 to €1.0m
- Cash +€124,634
up €124,634 (+115%), from €108,100 to €232,734
mainly Net result for the year (+€341,750) and Tax, wage and social debts (+€165,530)
- Profit (loss) carried forward +€341,750
up €341,750 (+84.1%), from €406,338 to €748,089
- Other debts -€200,000
no longer reported in 2025 (was €200,000)
- Tax, wage and social debts +€165,530
up €165,530 (+407%), from €40,689 to €206,219
of which Taxes: +€135,376
- Advances received +€92,713
new in 2025: €92,713
- Debts after one year -€83,033
down €83,033 (-40.8%), from €203,668 to €120,635
- Gross operating margin +€384,274
up €384,274 (+50.9%), from €755,414 to €1.1m
- Staff costs +€126,008
up €126,008 (+37.4%), from €336,968 to €462,976
- Taxes +€121,130
up €121,130 (+354%), from €34,246 to €155,376
- Depreciation +€18,703
up €18,703 (+12.8%), from €146,373 to €165,076
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 | €1,523,683 | €1,840,145 | +€316,462 | +20.8% |
| Formation expenses | 20 | €388,704 | - | -€388,704 | |
| Fixed assets | 21/28 | €774,624 | €1,054,055 | +€279,431 | +36.1% |
| Intangible fixed assets | 21 | €715,092 | €1,008,514 | +€293,422 | +41.0% |
| Tangible fixed assets | 22/27 | €59,533 | €45,541 | -€13,991 | -23.5% |
| Plant, machinery and equipment | 23 | €47,313 | - | -€47,313 | |
| Furniture and vehicles | 24 | €11,133 | €19,710 | +€8,576 | +77.0% |
| Other tangible fixed assets | 26 | €1,086 | €25,832 | +€24,745 | +2,278% |
| Current assets | 29/58 | €360,354 | €786,090 | +€425,736 | +118% |
| Amounts receivable within one year | 40/41 | €252,254 | €553,356 | +€301,102 | +119% |
| Trade receivables | 40 | €229,721 | €553,356 | +€323,635 | +141% |
| Other amounts receivable | 41 | €22,533 | - | -€22,533 | |
| Cash at bank and in hand | 54/58 | €108,100 | €232,734 | +€124,634 | +115% |
| Total equity and liabilities | 10/49 | €1,523,683 | €1,840,145 | +€316,462 | +20.8% |
| Equity | 10/15 | €471,626 | €813,377 | +€341,750 | +72.5% |
| 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 | €3,288 | €3,288 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,288 | €3,288 | = | 0.0% |
| Legal reserve | 130 | €3,189 | €3,189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €99 | €99 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,338 | €748,089 | +€341,750 | +84.1% |
| Amounts payable | 17/49 | €1,052,056 | €1,026,768 | -€25,288 | -2.4% |
| Amounts payable after more than one year | 17 | €203,668 | €120,635 | -€83,033 | -40.8% |
| Financial debts | 170/4 | €203,668 | €120,635 | -€83,033 | -40.8% |
| Amounts payable within one year | 42/48 | €648,073 | €660,595 | +€12,522 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €81,319 | €83,033 | +€1,714 | +2.1% |
| Trade debts | 44 | €326,065 | €278,629 | -€47,436 | -14.5% |
| Suppliers | 440/4 | €326,065 | €142,858 | -€183,207 | -56.2% |
| Bills of exchange payable | 441 | - | €135,772 | +€135,772 | |
| Advances received on contracts in progress | 46 | - | €92,713 | +€92,713 | |
| Taxes, remuneration and social security | 45 | €40,689 | €206,219 | +€165,530 | +407% |
| Taxes | 450/3 | - | €135,376 | +€135,376 | |
| Remuneration and social security | 454/9 | €40,689 | €70,843 | +€30,154 | +74.1% |
| Other amounts payable | 47/48 | €200,000 | - | -€200,000 | |
| Accrued charges and deferred income | 492/3 | €200,315 | €245,539 | +€45,223 | +22.6% |
| Non-recurring operating income | 76A | - | €4,250 | +€4,250 | |
| Remuneration, social security and pensions | 62 | €336,968 | €462,976 | +€126,008 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,373 | €165,076 | +€18,703 | +12.8% |
| Other operating charges | 640/8 | €9,587 | €11,227 | +€1,640 | +17.1% |
| Non-recurring operating charges | 66A | - | €4,613 | +€4,613 | |
| Gross operating margin | 9900 | €755,414 | €1,139,688 | +€384,274 | +50.9% |
| Operating profit (loss) | 9901 | €262,486 | €495,796 | +€233,310 | +88.9% |
| Financial income | 75/76B | - | €8,154 | +€8,154 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €8,153 | +€8,153 | |
| Financial charges | 65/66B | €15,325 | €6,823 | -€8,501 | -55.5% |
| Recurring financial charges | 65 | €15,325 | €6,823 | -€8,501 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €247,162 | €497,126 | +€249,965 | +101% |
| Income taxes | 67/77 | €34,246 | €155,376 | +€121,130 | +354% |
| Profit (loss) for the period | 9904 | €212,916 | €341,750 | +€128,834 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €212,916 | €341,750 | +€128,834 | +60.5% |
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 20 October 2026 via checked.be.