DEKAFIN: 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.
DEKAFIN
Largest movements
- Cash +€818,873
up €818,873 (+354%), from €231,265 to €1.1m
mainly Net result for the year (+€517,915) and Investment in fixed assets (net) (+€327,463)
- Intangible fixed assets -€327,463
down €327,463 (-100%), from €327,463 to €0
- Current investments -€136,516
down €136,516 (-65.7%), from €207,804 to €71,288
- Receivables within one year +€50,929
up €50,929 (+891%), from €5,717 to €56,646
of which Other amounts receivable: +€50,929
- Deferred charges and accrued income -€46,602
down €46,602 (-92.9%), from €50,156 to €3,554
- Reserves +€517,915
up €517,915 (+88.8%), from €583,353 to €1.1m
- Debts after one year -€115,524
down €115,524 (-22.9%), from €504,901 to €389,377
- Tax, wage and social debts -€51,255
down €51,255 (-97.6%), from €52,517 to €1,263
of which Remuneration and social security: -€32,942
- Current portion of long-term debt -€16,764
down €16,764 (-12.6%), from €133,503 to €116,738
- Gross operating margin +€273,851
up €273,851 (+52.2%), from €524,381 to €798,232
- Staff costs -€132,633
down €132,633 (-68.7%), from €193,068 to €60,435
- Taxes +€118,396
up €118,396 (+232%), from €51,057 to €169,454
- Depreciation -€70,392
down €70,392 (-62.8%), from €112,050 to €41,657
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 | €1,326,494 | €1,644,057 | +€317,563 | +23.9% |
| Fixed assets | 21/28 | €831,551 | €462,431 | -€369,120 | -44.4% |
| Intangible fixed assets | 21 | €327,463 | €0 | -€327,463 | -100% |
| Tangible fixed assets | 22/27 | €503,968 | €462,311 | -€41,657 | -8.3% |
| Land and buildings | 22 | €482,586 | €459,354 | -€23,232 | -4.8% |
| Plant, machinery and equipment | 23 | €1,789 | €144 | -€1,644 | -91.9% |
| Furniture and vehicles | 24 | €19,594 | €2,812 | -€16,782 | -85.6% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €494,942 | €1,181,625 | +€686,683 | +139% |
| Amounts receivable within one year | 40/41 | €5,717 | €56,646 | +€50,929 | +891% |
| Trade receivables | 40 | €5,165 | €5,165 | = | 0.0% |
| Other amounts receivable | 41 | €552 | €51,481 | +€50,929 | +9,224% |
| Current investments | 50/53 | €207,804 | €71,288 | -€136,516 | -65.7% |
| Cash at bank and in hand | 54/58 | €231,265 | €1,050,138 | +€818,873 | +354% |
| Deferred charges and accrued income | 490/1 | €50,156 | €3,554 | -€46,602 | -92.9% |
| Total equity and liabilities | 10/49 | €1,326,494 | €1,644,057 | +€317,563 | +23.9% |
| Equity | 10/15 | €603,758 | €1,121,673 | +€517,915 | +85.8% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €583,353 | €1,101,268 | +€517,915 | +88.8% |
| Distributable reserves | 133 | €583,353 | €1,101,268 | +€517,915 | +88.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €722,736 | €522,383 | -€200,352 | -27.7% |
| Amounts payable after more than one year | 17 | €504,901 | €389,377 | -€115,524 | -22.9% |
| Financial debts | 170/4 | €504,901 | €389,377 | -€115,524 | -22.9% |
| Amounts payable within one year | 42/48 | €216,349 | €132,413 | -€83,936 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €133,503 | €116,738 | -€16,764 | -12.6% |
| Trade debts | 44 | €16,197 | €6,883 | -€9,314 | -57.5% |
| Suppliers | 440/4 | €16,197 | €6,883 | -€9,314 | -57.5% |
| Taxes, remuneration and social security | 45 | €52,517 | €1,263 | -€51,255 | -97.6% |
| Taxes | 450/3 | €19,575 | €1,263 | -€18,312 | -93.5% |
| Remuneration and social security | 454/9 | €32,942 | €0 | -€32,942 | -100% |
| Other amounts payable | 47/48 | €14,131 | €7,529 | -€6,603 | -46.7% |
| Accrued charges and deferred income | 492/3 | €1,487 | €594 | -€893 | -60.1% |
| Non-recurring operating income | 76A | - | €658,066 | +€658,066 | |
| Remuneration, social security and pensions | 62 | €193,068 | €60,435 | -€132,633 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,050 | €41,657 | -€70,392 | -62.8% |
| Other operating charges | 640/8 | €4,104 | €4,006 | -€98 | -2.4% |
| Gross operating margin | 9900 | €524,381 | €798,232 | +€273,851 | +52.2% |
| Operating profit (loss) | 9901 | €215,160 | €692,134 | +€476,974 | +222% |
| Financial income | 75/76B | €3,886 | €3,115 | -€771 | -19.8% |
| Recurring financial income | 75 | €3,886 | €3,115 | -€771 | -19.8% |
| Financial charges | 65/66B | €9,758 | €7,880 | -€1,877 | -19.2% |
| Recurring financial charges | 65 | €9,758 | €7,880 | -€1,877 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €209,288 | €687,369 | +€478,081 | +228% |
| Income taxes | 67/77 | €51,057 | €169,454 | +€118,396 | +232% |
| Profit (loss) for the period | 9904 | €158,230 | €517,915 | +€359,685 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €158,230 | €517,915 | +€359,685 | +227% |
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 24 October 2026 via checked.be.