DEKNUDT: 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.
DEKNUDT
Largest movements
- Tangible fixed assets +€226,948
up €226,948 (+146%), from €155,027 to €381,975
of which Plant, machinery and equipment: +€175,469
- Stocks and contracts +€40,483
up €40,483 (+20.9%), from €193,462 to €233,945
- Receivables within one year +€20,354
up €20,354 (+36.7%), from €55,530 to €75,884
of which Other amounts receivable: +€26,662
- Debts after one year +€230,944
up €230,944 (+235%), from €98,282 to €329,225
- Trade debts +€27,603
up €27,603 (+116%), from €23,757 to €51,360
- Other debts +€25,523
up €25,523 (+22,229%), from €115 to €25,638
- Reserves -€16,865
down €16,865 (-4.4%), from €386,561 to €369,696
- Current portion of long-term debt +€15,939
up €15,939 (+43.9%), from €36,322 to €52,261
- Depreciation +€29,677
up €29,677 (+50.9%), from €58,312 to €87,990
- Staff costs -€27,758
down €27,758 (-19.1%), from €145,073 to €117,316
- Financial charges +€8,922
up €8,922 (+80.8%), from €11,037 to €19,960
- Gross operating margin +€6,528
up €6,528 (+2.1%), from €308,338 to €314,866
- Taxes -€4,145
down €4,145 (-17.7%), from €23,429 to €19,284
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 | €597,265 | €872,847 | +€275,581 | +46.1% |
| Fixed assets | 21/28 | €174,923 | €397,215 | +€222,292 | +127% |
| Intangible fixed assets | 21 | €13,146 | €8,490 | -€4,656 | -35.4% |
| Tangible fixed assets | 22/27 | €155,027 | €381,975 | +€226,948 | +146% |
| Plant, machinery and equipment | 23 | €124,402 | €299,871 | +€175,469 | +141% |
| Furniture and vehicles | 24 | €28,945 | €20,810 | -€8,135 | -28.1% |
| Leasing and similar rights | 25 | - | €60,796 | +€60,796 | |
| Other tangible fixed assets | 26 | €1,680 | €498 | -€1,182 | -70.4% |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €422,342 | €475,632 | +€53,290 | +12.6% |
| Amounts receivable after more than one year | 29 | €96,250 | €92,750 | -€3,500 | -3.6% |
| Other amounts receivable | 291 | €96,250 | €92,750 | -€3,500 | -3.6% |
| Stocks and contracts in progress | 3 | €193,462 | €233,945 | +€40,483 | +20.9% |
| Stocks | 30/36 | €193,462 | €233,945 | +€40,483 | +20.9% |
| Amounts receivable within one year | 40/41 | €55,530 | €75,884 | +€20,354 | +36.7% |
| Trade receivables | 40 | €10,168 | €3,860 | -€6,308 | -62.0% |
| Other amounts receivable | 41 | €45,362 | €72,024 | +€26,662 | +58.8% |
| Cash at bank and in hand | 54/58 | €71,273 | €70,347 | -€926 | -1.3% |
| Deferred charges and accrued income | 490/1 | €5,827 | €2,705 | -€3,122 | -53.6% |
| Total equity and liabilities | 10/49 | €597,265 | €872,847 | +€275,581 | +46.1% |
| Equity | 10/15 | €405,561 | €388,696 | -€16,865 | -4.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €386,561 | €369,696 | -€16,865 | -4.4% |
| Distributable reserves | 133 | €386,561 | €369,696 | -€16,865 | -4.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €191,704 | €484,150 | +€292,446 | +153% |
| Amounts payable after more than one year | 17 | €98,282 | €329,225 | +€230,944 | +235% |
| Financial debts | 170/4 | €98,282 | €329,225 | +€230,944 | +235% |
| Amounts payable within one year | 42/48 | €92,415 | €153,392 | +€60,977 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €36,322 | €52,261 | +€15,939 | +43.9% |
| Financial debts | 43 | €1 | €56 | +€55 | +5,540% |
| Credit institutions | 430/8 | €1 | €56 | +€55 | +5,540% |
| Trade debts | 44 | €23,757 | €51,360 | +€27,603 | +116% |
| Suppliers | 440/4 | €23,757 | €51,360 | +€27,603 | +116% |
| Taxes, remuneration and social security | 45 | €32,220 | €24,077 | -€8,143 | -25.3% |
| Taxes | 450/3 | €15,384 | €16,091 | +€707 | +4.6% |
| Remuneration and social security | 454/9 | €16,836 | €7,987 | -€8,850 | -52.6% |
| Other amounts payable | 47/48 | €115 | €25,638 | +€25,523 | +22,229% |
| Accrued charges and deferred income | 492/3 | €1,008 | €1,533 | +€525 | +52.1% |
| Non-recurring operating income | 76A | - | €21,389 | +€21,389 | |
| Remuneration, social security and pensions | 62 | €145,073 | €117,316 | -€27,758 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,312 | €87,990 | +€29,677 | +50.9% |
| Other operating charges | 640/8 | €13,001 | €10,662 | -€2,339 | -18.0% |
| Non-recurring operating charges | 66A | €531 | €16,540 | +€16,009 | +3,016% |
| Gross operating margin | 9900 | €308,338 | €314,866 | +€6,528 | +2.1% |
| Operating profit (loss) | 9901 | €91,420 | €82,359 | -€9,061 | -9.9% |
| Financial income | 75/76B | €1,758 | €1,965 | +€207 | +11.8% |
| Recurring financial income | 75 | €1,758 | €1,965 | +€207 | +11.8% |
| Financial charges | 65/66B | €11,037 | €19,960 | +€8,922 | +80.8% |
| Recurring financial charges | 65 | €11,037 | €19,960 | +€8,922 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €82,140 | €64,364 | -€17,776 | -21.6% |
| Income taxes | 67/77 | €23,429 | €19,284 | -€4,145 | -17.7% |
| Profit (loss) for the period | 9904 | €58,712 | €45,080 | -€13,631 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,712 | €45,080 | -€13,631 | -23.2% |
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 22 October 2026 via checked.be.