DEJAN: 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.
DEJAN
Largest movements
- Cash -€193,924
down €193,924 (-49.2%), from €394,341 to €200,418
mainly Other debts (-€155,000) and Investment in fixed assets (net) (-€52,709)
- Tangible fixed assets +€24,071
up €24,071 (+43.2%), from €55,661 to €79,732
of which Leasing and similar rights: +€38,989
- Other debts -€155,000
down €155,000 (-100%), from €155,000 to €0
- Short-term financial debts -€22,045
down €22,045 (-37.6%), from €58,564 to €36,519
- Debts after one year +€20,998
up €20,998 (+77.7%), from €27,017 to €48,015
- Trade debts -€14,139
down €14,139 (-6.5%), from €218,438 to €204,299
- Gross operating margin -€421,154
down €421,154 (-52.1%), from €808,185 to €387,031
- Taxes -€52,319
down €52,319 (-96.1%), from €54,418 to €2,099
- Staff costs +€48,038
up €48,038 (+17.8%), from €269,858 to €317,895
- Other operating charges -€16,157
down €16,157 (-51.1%), from €31,640 to €15,482
- Financial charges -€13,552
down €13,552 (-46.1%), from €29,428 to €15,876
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 | €1,321,801 | €1,161,107 | -€160,694 | -12.2% |
| Fixed assets | 21/28 | €118,147 | €131,817 | +€13,671 | +11.6% |
| Intangible fixed assets | 21 | €62,485 | €52,085 | -€10,400 | -16.6% |
| Tangible fixed assets | 22/27 | €55,661 | €79,732 | +€24,071 | +43.2% |
| Land and buildings | 22 | €5,582 | €3,541 | -€2,041 | -36.6% |
| Plant, machinery and equipment | 23 | €1,373 | €938 | -€435 | -31.7% |
| Furniture and vehicles | 24 | €33,231 | €20,788 | -€12,443 | -37.4% |
| Leasing and similar rights | 25 | €15,476 | €54,465 | +€38,989 | +252% |
| Current assets | 29/58 | €1,203,654 | €1,029,290 | -€174,365 | -14.5% |
| Stocks and contracts in progress | 3 | €551,828 | €564,527 | +€12,699 | +2.3% |
| Stocks | 30/36 | €551,828 | €564,527 | +€12,699 | +2.3% |
| Amounts receivable within one year | 40/41 | €255,035 | €254,603 | -€432 | -0.2% |
| Trade receivables | 40 | €171,497 | €185,388 | +€13,891 | +8.1% |
| Other amounts receivable | 41 | €83,539 | €69,216 | -€14,323 | -17.1% |
| Cash at bank and in hand | 54/58 | €394,341 | €200,418 | -€193,924 | -49.2% |
| Deferred charges and accrued income | 490/1 | €2,450 | €9,741 | +€7,291 | +298% |
| Total equity and liabilities | 10/49 | €1,321,801 | €1,161,107 | -€160,694 | -12.2% |
| Equity | 10/15 | €800,504 | €803,228 | +€2,724 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €781,904 | €784,628 | +€2,724 | +0.3% |
| Distributable reserves | 133 | €781,904 | €784,628 | +€2,724 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €521,297 | €357,879 | -€163,418 | -31.3% |
| Amounts payable after more than one year | 17 | €27,017 | €48,015 | +€20,998 | +77.7% |
| Financial debts | 170/4 | €27,017 | €48,015 | +€20,998 | +77.7% |
| Amounts payable within one year | 42/48 | €485,534 | €301,119 | -€184,416 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €19,245 | €24,790 | +€5,545 | +28.8% |
| Financial debts | 43 | €58,564 | €36,519 | -€22,045 | -37.6% |
| Credit institutions | 430/8 | €58,564 | €36,519 | -€22,045 | -37.6% |
| Trade debts | 44 | €218,438 | €204,299 | -€14,139 | -6.5% |
| Suppliers | 440/4 | €218,438 | €204,299 | -€14,139 | -6.5% |
| Taxes, remuneration and social security | 45 | €34,288 | €35,511 | +€1,223 | +3.6% |
| Taxes | 450/3 | €3,751 | €2,455 | -€1,296 | -34.6% |
| Remuneration and social security | 454/9 | €30,536 | €33,056 | +€2,519 | +8.3% |
| Other amounts payable | 47/48 | €155,000 | €0 | -€155,000 | -100% |
| Accrued charges and deferred income | 492/3 | €8,746 | €8,746 | = | 0.0% |
| Non-recurring operating income | 76A | €466,398 | €2,500 | -€463,898 | -99.5% |
| Remuneration, social security and pensions | 62 | €269,858 | €317,895 | +€48,038 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,396 | €39,038 | +€8,642 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,893 | €0 | +€11,893 | |
| Other operating charges | 640/8 | €31,640 | €15,482 | -€16,157 | -51.1% |
| Gross operating margin | 9900 | €808,185 | €387,031 | -€421,154 | -52.1% |
| Operating profit (loss) | 9901 | €488,184 | €14,615 | -€473,569 | -97.0% |
| Financial income | 75/76B | €4,873 | €6,083 | +€1,210 | +24.8% |
| Recurring financial income | 75 | €4,873 | €6,083 | +€1,210 | +24.8% |
| Financial charges | 65/66B | €29,428 | €15,876 | -€13,552 | -46.1% |
| Recurring financial charges | 65 | €29,428 | €15,876 | -€13,552 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €463,629 | €4,822 | -€458,807 | -99.0% |
| Income taxes | 67/77 | €54,418 | €2,099 | -€52,319 | -96.1% |
| Profit (loss) for the period | 9904 | €409,211 | €2,724 | -€406,488 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €409,211 | €2,724 | -€406,488 | -99.3% |
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 23 October 2026 via checked.be.