DEKEYSER: 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.
DEKEYSER
Largest movements
- Receivables within one year -€121,899
down €121,899 (-19.4%), from €627,344 to €505,445
of which Trade receivables: -€132,030
- Cash +€85,942
up €85,942 (+71.9%), from €119,570 to €205,512
mainly Receivables within one year (+€121,899) and Depreciation (+€62,595)
- Stocks and contracts +€53,653
up €53,653 (+491.0%), from €10,927 to €64,580
- Tangible fixed assets -€32,089
down €32,089 (-10.6%), from €302,859 to €270,770
of which Land and buildings: -€17,375
- Profit (loss) carried forward +€40,079
up €40,079 (+7.8%), from €510,958 to €551,037
- Trade debts -€36,956
down €36,956 (-76.8%), from €48,114 to €11,158
- Debts after one year -€26,667
down €26,667 (-20.3%), from €131,111 to €104,445
- Gross operating margin -€216,159
down €216,159 (-22.5%), from €959,715 to €743,556
- Taxes -€56,480
down €56,480 (-73.4%), from €76,991 to €20,511
- Staff costs +€12,121
up €12,121 (+2.0%), from €619,077 to €631,198
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 | €1,081,994 | €1,062,342 | -€19,652 | -1.8% |
| Fixed assets | 21/28 | €304,909 | €272,820 | -€32,089 | -10.5% |
| Tangible fixed assets | 22/27 | €302,859 | €270,770 | -€32,089 | -10.6% |
| Land and buildings | 22 | €173,745 | €156,371 | -€17,375 | -10.0% |
| Plant, machinery and equipment | 23 | €3,752 | €2,396 | -€1,357 | -36.2% |
| Furniture and vehicles | 24 | €123,937 | €112,004 | -€11,934 | -9.6% |
| Other tangible fixed assets | 26 | €1,424 | €0 | -€1,424 | -100.0% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €777,085 | €789,522 | +€12,437 | +1.6% |
| Stocks and contracts in progress | 3 | €10,927 | €64,580 | +€53,653 | +491.0% |
| Stocks | 30/36 | €10,927 | €64,580 | +€53,653 | +491.0% |
| Amounts receivable within one year | 40/41 | €627,344 | €505,445 | -€121,899 | -19.4% |
| Trade receivables | 40 | €277,794 | €145,764 | -€132,030 | -47.5% |
| Other amounts receivable | 41 | €349,550 | €359,681 | +€10,131 | +2.9% |
| Cash at bank and in hand | 54/58 | €119,570 | €205,512 | +€85,942 | +71.9% |
| Deferred charges and accrued income | 490/1 | €19,244 | €13,985 | -€5,259 | -27.3% |
| Total equity and liabilities | 10/49 | €1,081,994 | €1,062,342 | -€19,652 | -1.8% |
| Equity | 10/15 | €831,939 | €872,018 | +€40,079 | +4.8% |
| Contributions | 10/11 | €15,042 | €15,042 | = | 0.0% |
| Reserves | 13 | €305,939 | €305,939 | = | 0.0% |
| Tax-exempt reserves | 132 | €238,293 | €223,951 | -€14,342 | -6.0% |
| Distributable reserves | 133 | €67,646 | €81,988 | +€14,342 | +21.2% |
| Profit (loss) carried forward | 14 | €510,958 | €551,037 | +€40,079 | +7.8% |
| Amounts payable | 17/49 | €250,055 | €190,324 | -€59,731 | -23.9% |
| Amounts payable after more than one year | 17 | €131,111 | €104,445 | -€26,667 | -20.3% |
| Financial debts | 170/4 | €131,111 | €104,445 | -€26,667 | -20.3% |
| Amounts payable within one year | 42/48 | €114,057 | €80,567 | -€33,490 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Trade debts | 44 | €48,114 | €11,158 | -€36,956 | -76.8% |
| Suppliers | 440/4 | €48,114 | €11,158 | -€36,956 | -76.8% |
| Taxes, remuneration and social security | 45 | €36,434 | €38,691 | +€2,257 | +6.2% |
| Taxes | 450/3 | - | €56 | +€56 | |
| Remuneration and social security | 454/9 | €36,434 | €38,635 | +€2,201 | +6.0% |
| Other amounts payable | 47/48 | €2,842 | €4,051 | +€1,209 | +42.5% |
| Accrued charges and deferred income | 492/3 | €4,887 | €5,313 | +€426 | +8.7% |
| Non-recurring operating income | 76A | €4,149 | - | -€4,149 | |
| Remuneration, social security and pensions | 62 | €619,077 | €631,198 | +€12,121 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,142 | €62,595 | -€1,548 | -2.4% |
| Other operating charges | 640/8 | €8,086 | €8,661 | +€575 | +7.1% |
| Non-recurring operating charges | 66A | €3,656 | €164 | -€3,491 | -95.5% |
| Gross operating margin | 9900 | €959,715 | €743,556 | -€216,159 | -22.5% |
| Operating profit (loss) | 9901 | €264,754 | €40,938 | -€223,816 | -84.5% |
| Financial income | 75/76B | €25,536 | €23,157 | -€2,379 | -9.3% |
| Recurring financial income | 75 | €25,536 | €23,157 | -€2,379 | -9.3% |
| Financial charges | 65/66B | €3,901 | €3,504 | -€397 | -10.2% |
| Recurring financial charges | 65 | €3,901 | €3,504 | -€397 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €286,388 | €60,590 | -€225,798 | -78.8% |
| Income taxes | 67/77 | €76,991 | €20,511 | -€56,480 | -73.4% |
| Profit (loss) for the period | 9904 | €209,397 | €40,079 | -€169,318 | -80.9% |
| Transfer from tax-exempt reserves | 789 | €10,097 | €14,342 | +€4,245 | +42.0% |
| Transfer to tax-exempt reserves | 689 | €92,620 | - | -€92,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €126,874 | €54,421 | -€72,453 | -57.1% |
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 9 October 2026 via checked.be.