DEKNOCK & AERTS: what changed
DEKNOCK & AERTS
Largest movements
- Cash +€42,866
up €42,866 (+42.3%), from €101,444 to €144,310
mainly Trade debts (+€40,495) and Depreciation (+€25,380)
- Tangible fixed assets -€24,516
down €24,516 (-21.3%), from €114,832 to €90,316
of which Land and buildings: -€15,318
- Receivables within one year +€16,177
up €16,177 (+29.1%), from €55,683 to €71,860
of which Trade receivables: +€12,345
- Deferred charges and accrued income -€5,699
down €5,699 (-51.8%), from €11,012 to €5,313
- Trade debts +€40,495
up €40,495 (+147%), from €27,584 to €68,079
- Debts after one year -€19,435
down €19,435 (-19.1%), from €101,612 to €82,177
- Reserves +€15,780
up €15,780 (+29.3%), from €53,800 to €69,580
of which Distributable reserves: +€15,780
- Profit (loss) carried forward -€13,414
down €13,414 (-100%), from €13,414 to €0
- Tax, wage and social debts +€11,656
up €11,656 (+104%), from €11,241 to €22,896
of which Remuneration and social security: +€9,190
- Gross operating margin -€29,549
down €29,549 (-17.8%), from €165,850 to €136,301
- Staff costs -€28,719
down €28,719 (-23.0%), from €125,127 to €96,409
- Other operating charges +€1,938
up €1,938 (+145%), from €1,336 to €3,274
- Financial charges +€1,670
up €1,670 (+30.5%), from €5,482 to €7,152
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 | €296,891 | €324,930 | +€28,039 | +9.4% |
| Fixed assets | 21/28 | €116,125 | €90,821 | -€25,304 | -21.8% |
| Intangible fixed assets | 21 | €293 | €0 | -€293 | -100% |
| Tangible fixed assets | 22/27 | €114,832 | €90,316 | -€24,516 | -21.3% |
| Land and buildings | 22 | €97,845 | €82,527 | -€15,318 | -15.7% |
| Plant, machinery and equipment | 23 | €2,523 | €1,153 | -€1,370 | -54.3% |
| Furniture and vehicles | 24 | €14,464 | €6,635 | -€7,828 | -54.1% |
| Financial fixed assets | 28 | €1,000 | €505 | -€495 | -49.5% |
| Current assets | 29/58 | €180,766 | €234,110 | +€53,343 | +29.5% |
| Stocks and contracts in progress | 3 | €12,627 | €12,627 | = | 0.0% |
| Stocks | 30/36 | €12,627 | €12,627 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,683 | €71,860 | +€16,177 | +29.1% |
| Trade receivables | 40 | €49,858 | €62,202 | +€12,345 | +24.8% |
| Other amounts receivable | 41 | €5,825 | €9,657 | +€3,832 | +65.8% |
| Cash at bank and in hand | 54/58 | €101,444 | €144,310 | +€42,866 | +42.3% |
| Deferred charges and accrued income | 490/1 | €11,012 | €5,313 | -€5,699 | -51.8% |
| Total equity and liabilities | 10/49 | €296,891 | €324,930 | +€28,039 | +9.4% |
| Equity | 10/15 | €100,819 | €103,185 | +€2,366 | +2.3% |
| Contributions | 10/11 | €33,605 | €33,605 | = | 0.0% |
| Reserves | 13 | €53,800 | €69,580 | +€15,780 | +29.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,800 | €69,580 | +€15,780 | +29.3% |
| Profit (loss) carried forward | 14 | €13,414 | €0 | -€13,414 | -100% |
| Amounts payable | 17/49 | €196,072 | €221,746 | +€25,673 | +13.1% |
| Amounts payable after more than one year | 17 | €101,612 | €82,177 | -€19,435 | -19.1% |
| Financial debts | 170/4 | €101,612 | €82,177 | -€19,435 | -19.1% |
| Amounts payable within one year | 42/48 | €85,740 | €139,569 | +€53,829 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €18,777 | €19,435 | +€658 | +3.5% |
| Financial debts | 43 | €91 | €303 | +€212 | +233% |
| Credit institutions | 430/8 | €91 | €303 | +€212 | +233% |
| Trade debts | 44 | €27,584 | €68,079 | +€40,495 | +147% |
| Suppliers | 440/4 | €27,584 | €68,079 | +€40,495 | +147% |
| Taxes, remuneration and social security | 45 | €11,241 | €22,896 | +€11,656 | +104% |
| Taxes | 450/3 | €8,865 | €11,331 | +€2,465 | +27.8% |
| Remuneration and social security | 454/9 | €2,375 | €11,566 | +€9,190 | +387% |
| Other amounts payable | 47/48 | €28,047 | €28,856 | +€809 | +2.9% |
| Accrued charges and deferred income | 492/3 | €8,721 | €0 | -€8,721 | -100% |
| Non-recurring operating income | 76A | €372 | €1,962 | +€1,590 | +428% |
| Remuneration, social security and pensions | 62 | €125,127 | €96,409 | -€28,719 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,007 | €25,380 | +€373 | +1.5% |
| Other operating charges | 640/8 | €1,336 | €3,274 | +€1,938 | +145% |
| Non-recurring operating charges | 66A | €650 | €0 | -€650 | -100% |
| Gross operating margin | 9900 | €165,850 | €136,301 | -€29,549 | -17.8% |
| Operating profit (loss) | 9901 | €13,730 | €11,239 | -€2,491 | -18.1% |
| Financial income | 75/76B | €15 | €251 | +€236 | +1,578% |
| Recurring financial income | 75 | €15 | €251 | +€236 | +1,578% |
| Financial charges | 65/66B | €5,482 | €7,152 | +€1,670 | +30.5% |
| Recurring financial charges | 65 | €5,482 | €7,152 | +€1,670 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €8,263 | €4,337 | -€3,926 | -47.5% |
| Income taxes | 67/77 | €2,890 | €1,972 | -€918 | -31.8% |
| Profit (loss) for the period | 9904 | €5,373 | €2,366 | -€3,008 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,373 | €2,366 | -€3,008 | -56.0% |
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 2 November 2026 via checked.be.