DEK WAT: 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.
DEK WAT
Largest movements
- Cash +€51,970
up €51,970 (+184.0%), from €28,245 to €80,215
mainly Receivables within one year (+€31,857) and Net result for the year (+€15,592)
- Receivables within one year -€31,857
down €31,857 (-47.4%), from €67,229 to €35,373
of which Other amounts receivable: -€40,950
- Deferred charges and accrued income -€8,693
down €8,693 (-55.5%), from €15,649 to €6,956
- Tangible fixed assets -€2,310
down €2,310 (-15.2%), from €15,241 to €12,931
of which Leasing and similar rights: -€5,716
- Reserves +€15,592
up €15,592 (+14.3%), from €109,175 to €124,767
- Tax, wage and social debts -€6,696
down €6,696 (-27.7%), from €24,137 to €17,441
of which Taxes: -€6,495
- Current portion of long-term debt -€4,276
no longer reported in 2025 (was €4,276)
- Trade debts +€4,186
up €4,186 (+23.6%), from €17,745 to €21,931
- Depreciation -€6,658
down €6,658 (-63.0%), from €10,563 to €3,905
- Gross operating margin -€5,430
down €5,430 (-9.8%), from €55,356 to €49,926
- Other operating charges +€3,083
up €3,083 (+159.5%), from €1,933 to €5,016
- Taxes -€1,378
down €1,378 (-9.2%), from €14,941 to €13,564
- Staff costs -€1,155
down €1,155 (-13.0%), from €8,913 to €7,758
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 | €161,831 | €171,018 | +€9,188 | +5.7% |
| Fixed assets | 21/28 | €15,241 | €12,931 | -€2,310 | -15.2% |
| Tangible fixed assets | 22/27 | €15,241 | €12,931 | -€2,310 | -15.2% |
| Plant, machinery and equipment | 23 | €6,794 | €4,872 | -€1,922 | -28.3% |
| Furniture and vehicles | 24 | €2,246 | €7,636 | +€5,390 | +239.9% |
| Leasing and similar rights | 25 | €5,716 | - | -€5,716 | |
| Other tangible fixed assets | 26 | €485 | €423 | -€62 | -12.7% |
| Current assets | 29/58 | €146,590 | €158,087 | +€11,497 | +7.8% |
| Amounts receivable after more than one year | 29 | €33,934 | €33,934 | = | 0.0% |
| Other amounts receivable | 291 | €33,934 | €33,934 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,533 | €1,610 | +€77 | +5.0% |
| Stocks | 30/36 | €1,533 | €1,610 | +€77 | +5.0% |
| Amounts receivable within one year | 40/41 | €67,229 | €35,373 | -€31,857 | -47.4% |
| Trade receivables | 40 | €16,552 | €25,646 | +€9,094 | +54.9% |
| Other amounts receivable | 41 | €50,677 | €9,727 | -€40,950 | -80.8% |
| Cash at bank and in hand | 54/58 | €28,245 | €80,215 | +€51,970 | +184.0% |
| Deferred charges and accrued income | 490/1 | €15,649 | €6,956 | -€8,693 | -55.5% |
| Total equity and liabilities | 10/49 | €161,831 | €171,018 | +€9,188 | +5.7% |
| Equity | 10/15 | €115,499 | €131,091 | +€15,592 | +13.5% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €109,175 | €124,767 | +€15,592 | +14.3% |
| Distributable reserves | 133 | €109,175 | €124,767 | +€15,592 | +14.3% |
| Amounts payable | 17/49 | €46,332 | €39,928 | -€6,405 | -13.8% |
| Amounts payable within one year | 42/48 | €46,332 | €39,928 | -€6,405 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €4,276 | - | -€4,276 | |
| Trade debts | 44 | €17,745 | €21,931 | +€4,186 | +23.6% |
| Suppliers | 440/4 | €17,745 | €21,931 | +€4,186 | +23.6% |
| Advances received on contracts in progress | 46 | €175 | €556 | +€381 | +217.8% |
| Taxes, remuneration and social security | 45 | €24,137 | €17,441 | -€6,696 | -27.7% |
| Taxes | 450/3 | €23,936 | €17,441 | -€6,495 | -27.1% |
| Remuneration and social security | 454/9 | €201 | - | -€201 | |
| Remuneration, social security and pensions | 62 | €8,913 | €7,758 | -€1,155 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,563 | €3,905 | -€6,658 | -63.0% |
| Other operating charges | 640/8 | €1,933 | €5,016 | +€3,083 | +159.5% |
| Non-recurring operating charges | 66A | - | €5,716 | +€5,716 | |
| Gross operating margin | 9900 | €55,356 | €49,926 | -€5,430 | -9.8% |
| Operating profit (loss) | 9901 | €33,948 | €27,532 | -€6,416 | -18.9% |
| Financial income | 75/76B | €3,183 | €2,504 | -€679 | -21.3% |
| Recurring financial income | 75 | €3,183 | €2,504 | -€679 | -21.3% |
| Financial charges | 65/66B | €1,047 | €880 | -€167 | -16.0% |
| Recurring financial charges | 65 | €1,047 | €880 | -€167 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €36,083 | €29,156 | -€6,928 | -19.2% |
| Income taxes | 67/77 | €14,941 | €13,564 | -€1,378 | -9.2% |
| Profit (loss) for the period | 9904 | €21,142 | €15,592 | -€5,550 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,142 | €15,592 | -€5,550 | -26.3% |
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 28 September 2026 via checked.be.