DEKEYSER JOHAN: 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 JOHAN
Largest movements
- Tangible fixed assets +€190,755
up €190,755 (+119%), from €160,068 to €350,823
of which Furniture and vehicles: +€108,393
- Receivables within one year -€157,114
down €157,114 (-28.4%), from €553,358 to €396,243
of which Trade receivables: -€196,259
- Stocks and contracts +€130,569
up €130,569 (+252%), from €51,903 to €182,472
- Cash -€78,343
down €78,343 (-26.4%), from €296,597 to €218,254
mainly Investment in fixed assets (net) (-€268,692) and Stocks and contracts (-€130,569)
- Reserves +€64,854
up €64,854 (+11.1%), from €581,768 to €646,622
- Debts after one year +€50,955
up €50,955 (+102%), from €49,998 to €100,953
- Tax, wage and social debts -€24,371
down €24,371 (-43.9%), from €55,489 to €31,118
of which Taxes: -€28,067
- Trade debts -€22,242
down €22,242 (-9.1%), from €245,096 to €222,855
- Gross operating margin +€16,785
up €16,785 (+3.7%), from €458,933 to €475,717
- Staff costs +€15,171
up €15,171 (+5.4%), from €278,746 to €293,917
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,072,846 | €1,153,488 | +€80,642 | +7.5% |
| Fixed assets | 21/28 | €161,538 | €352,293 | +€190,755 | +118% |
| Tangible fixed assets | 22/27 | €160,068 | €350,823 | +€190,755 | +119% |
| Plant, machinery and equipment | 23 | €48,416 | €132,723 | +€84,307 | +174% |
| Furniture and vehicles | 24 | €100,515 | €208,909 | +€108,393 | +108% |
| Other tangible fixed assets | 26 | €11,137 | €9,191 | -€1,946 | -17.5% |
| Financial fixed assets | 28 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €911,308 | €801,195 | -€110,113 | -12.1% |
| Stocks and contracts in progress | 3 | €51,903 | €182,472 | +€130,569 | +252% |
| Contracts in progress | 37 | €51,903 | €182,472 | +€130,569 | +252% |
| Amounts receivable within one year | 40/41 | €553,358 | €396,243 | -€157,114 | -28.4% |
| Trade receivables | 40 | €553,358 | €357,098 | -€196,259 | -35.5% |
| Other amounts receivable | 41 | - | €39,145 | +€39,145 | |
| Cash at bank and in hand | 54/58 | €296,597 | €218,254 | -€78,343 | -26.4% |
| Deferred charges and accrued income | 490/1 | €9,450 | €4,226 | -€5,224 | -55.3% |
| Total equity and liabilities | 10/49 | €1,072,846 | €1,153,488 | +€80,642 | +7.5% |
| Equity | 10/15 | €594,168 | €659,022 | +€64,854 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €581,768 | €646,622 | +€64,854 | +11.1% |
| Distributable reserves | 133 | €581,768 | €646,622 | +€64,854 | +11.1% |
| Amounts payable | 17/49 | €478,677 | €494,466 | +€15,788 | +3.3% |
| Amounts payable after more than one year | 17 | €49,998 | €100,953 | +€50,955 | +102% |
| Financial debts | 170/4 | €49,998 | €100,953 | +€50,955 | +102% |
| Amounts payable within one year | 42/48 | €428,679 | €393,513 | -€35,166 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €33,554 | €41,310 | +€7,755 | +23.1% |
| Trade debts | 44 | €245,096 | €222,855 | -€22,242 | -9.1% |
| Suppliers | 440/4 | €245,096 | €222,855 | -€22,242 | -9.1% |
| Taxes, remuneration and social security | 45 | €55,489 | €31,118 | -€24,371 | -43.9% |
| Taxes | 450/3 | €44,019 | €15,952 | -€28,067 | -63.8% |
| Remuneration and social security | 454/9 | €11,470 | €15,166 | +€3,696 | +32.2% |
| Other amounts payable | 47/48 | €94,540 | €98,231 | +€3,691 | +3.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,221 | €30,550 | +€28,329 | +1,276% |
| Remuneration, social security and pensions | 62 | €278,746 | €293,917 | +€15,171 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,442 | €77,937 | -€3,506 | -4.3% |
| Other operating charges | 640/8 | €6,956 | €7,594 | +€638 | +9.2% |
| Gross operating margin | 9900 | €458,933 | €475,717 | +€16,785 | +3.7% |
| Operating profit (loss) | 9901 | €91,788 | €96,269 | +€4,481 | +4.9% |
| Financial income | 75/76B | €1,680 | €743 | -€937 | -55.8% |
| Recurring financial income | 75 | €1,680 | €743 | -€937 | -55.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,355 | €9,663 | +€307 | +3.3% |
| Recurring financial charges | 65 | €9,355 | €9,663 | +€307 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €84,113 | €87,350 | +€3,237 | +3.8% |
| Income taxes | 67/77 | €24,489 | €22,496 | -€1,993 | -8.1% |
| Profit (loss) for the period | 9904 | €59,623 | €64,854 | +€5,230 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,623 | €64,854 | +€5,230 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.