DEKERF FINANCE: what changed
DEKERF FINANCE
Largest movements
- Receivables within one year -€201,869
down €201,869 (-75.7%), from €266,512 to €64,643
of which Other amounts receivable: -€202,326
- Cash +€72,125
up €72,125 (+1,151%), from €6,269 to €78,394
mainly Receivables within one year (+€201,869) and Net result for the year (+€165,358)
- Tangible fixed assets -€18,246
down €18,246 (-7.8%), from €233,992 to €215,746
of which Other tangible fixed assets: -€11,283
- Other debts -€230,491
down €230,491 (-98.0%), from €235,088 to €4,597
- Reserves +€165,358
up €165,358 (+163%), from €101,721 to €267,078
of which Distributable reserves: +€165,358
- Tax, wage and social debts -€68,184
down €68,184 (-84.6%), from €80,550 to €12,366
of which Taxes: -€52,748
- Current portion of long-term debt -€9,028
down €9,028 (-74.3%), from €12,154 to €3,126
- Trade debts -€5,765
down €5,765 (-43.9%), from €13,127 to €7,362
- Gross operating margin +€70,861
up €70,861 (+24.5%), from €288,713 to €359,574
- Staff costs -€49,573
down €49,573 (-35.1%), from €141,397 to €91,824
- Taxes +€29,062
up €29,062 (+94.6%), from €30,707 to €59,769
- Depreciation +€9,914
up €9,914 (+47.0%), from €21,088 to €31,003
- Financial income -€6,003
down €6,003 (-79.9%), from €7,512 to €1,509
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €510,376 | €362,868 | -€147,507 | -28.9% |
| Fixed assets | 21/28 | €233,992 | €215,746 | -€18,246 | -7.8% |
| Tangible fixed assets | 22/27 | €233,992 | €215,746 | -€18,246 | -7.8% |
| Plant, machinery and equipment | 23 | €3,139 | €4,298 | +€1,159 | +36.9% |
| Furniture and vehicles | 24 | €43,618 | €35,496 | -€8,122 | -18.6% |
| Other tangible fixed assets | 26 | €187,235 | €175,952 | -€11,283 | -6.0% |
| Current assets | 29/58 | €276,384 | €147,122 | -€129,261 | -46.8% |
| Amounts receivable within one year | 40/41 | €266,512 | €64,643 | -€201,869 | -75.7% |
| Trade receivables | 40 | €182 | €639 | +€456 | +251% |
| Other amounts receivable | 41 | €266,329 | €64,004 | -€202,326 | -76.0% |
| Cash at bank and in hand | 54/58 | €6,269 | €78,394 | +€72,125 | +1,151% |
| Deferred charges and accrued income | 490/1 | €3,603 | €4,086 | +€483 | +13.4% |
| Total equity and liabilities | 10/49 | €510,376 | €362,868 | -€147,507 | -28.9% |
| Equity | 10/15 | €163,221 | €328,578 | +€165,358 | +101% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €101,721 | €267,078 | +€165,358 | +163% |
| Non-distributable reserves | 130/1 | €9,105 | €9,105 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,955 | €2,955 | = | 0.0% |
| Distributable reserves | 133 | €92,615 | €257,973 | +€165,358 | +179% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €347,155 | €34,290 | -€312,865 | -90.1% |
| Amounts payable after more than one year | 17 | €3,126 | €0 | -€3,126 | -100% |
| Financial debts | 170/4 | €3,126 | €0 | -€3,126 | -100% |
| Amounts payable within one year | 42/48 | €341,056 | €29,985 | -€311,071 | -91.2% |
| Current portion of amounts payable after more than one year | 42 | €12,154 | €3,126 | -€9,028 | -74.3% |
| Financial debts | 43 | €137 | €2,534 | +€2,397 | +1,754% |
| Credit institutions | 430/8 | €137 | €2,534 | +€2,397 | +1,754% |
| Trade debts | 44 | €13,127 | €7,362 | -€5,765 | -43.9% |
| Suppliers | 440/4 | €13,127 | €7,362 | -€5,765 | -43.9% |
| Taxes, remuneration and social security | 45 | €80,550 | €12,366 | -€68,184 | -84.6% |
| Taxes | 450/3 | €54,664 | €1,916 | -€52,748 | -96.5% |
| Remuneration and social security | 454/9 | €25,886 | €10,450 | -€15,436 | -59.6% |
| Other amounts payable | 47/48 | €235,088 | €4,597 | -€230,491 | -98.0% |
| Accrued charges and deferred income | 492/3 | €2,974 | €4,305 | +€1,332 | +44.8% |
| Non-recurring operating income | 76A | €1,751 | €0 | -€1,751 | -100% |
| Remuneration, social security and pensions | 62 | €141,397 | €91,824 | -€49,573 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,088 | €31,003 | +€9,914 | +47.0% |
| Other operating charges | 640/8 | €1,474 | €734 | -€740 | -50.2% |
| Non-recurring operating charges | 66A | €41 | €0 | -€41 | -100% |
| Gross operating margin | 9900 | €288,713 | €359,574 | +€70,861 | +24.5% |
| Operating profit (loss) | 9901 | €124,712 | €236,013 | +€111,301 | +89.2% |
| Financial income | 75/76B | €7,512 | €1,509 | -€6,003 | -79.9% |
| Recurring financial income | 75 | €7,512 | €1,509 | -€6,003 | -79.9% |
| Financial charges | 65/66B | €8,475 | €12,396 | +€3,921 | +46.3% |
| Recurring financial charges | 65 | €8,475 | €12,396 | +€3,921 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €123,749 | €225,127 | +€101,377 | +81.9% |
| Income taxes | 67/77 | €30,707 | €59,769 | +€29,062 | +94.6% |
| Profit (loss) for the period | 9904 | €93,043 | €165,358 | +€72,315 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,043 | €165,358 | +€72,315 | +77.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.