DEKNUDT FRAMES: what changed
Two fiscal 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 FRAMES
Largest movements
- Current investments +€305,560
up €305,560 (+53.6%), from €570,000 to €875,560
- Cash -€164,973
down €164,973 (-45.8%), from €360,513 to €195,540
mainly Trade debts (-€313,129) and Current investments (-€305,560)
- Receivables within one year +€65,059
up €65,059 (+11.8%), from €550,838 to €615,898
of which Trade receivables: +€99,248
- Tangible fixed assets -€59,548
down €59,548 (-52.9%), from €112,568 to €53,020
of which Furniture and vehicles: -€52,161
- Intangible fixed assets -€35,010
down €35,010 (-29.0%), from €120,661 to €85,652
- Accrued charges and deferred income +€373,494
up €373,494 (+9337.4%), from €4,000 to €377,494
- Trade debts -€313,129
down €313,129 (-90.7%), from €345,319 to €32,190
- Financial income -€37,929
down €37,929 (-63.8%), from €59,493 to €21,564
- Gross operating margin +€31,379
up €31,379 (+3.0%), from €1.1m to €1.1m
- Write-downs +€16,702
up €16,702, from -€9,069 to €7,633
- Staff costs +€12,989
up €12,989 (+1.4%), from €934,313 to €947,302
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 | €2,601,716 | €2,688,043 | +€86,327 | +3.3% |
| Fixed assets | 21/28 | €240,641 | €146,083 | -€94,558 | -39.3% |
| Intangible fixed assets | 21 | €120,661 | €85,652 | -€35,010 | -29.0% |
| Tangible fixed assets | 22/27 | €112,568 | €53,020 | -€59,548 | -52.9% |
| Plant, machinery and equipment | 23 | €16,696 | €9,308 | -€7,388 | -44.3% |
| Furniture and vehicles | 24 | €95,873 | €43,712 | -€52,161 | -54.4% |
| Financial fixed assets | 28 | €7,412 | €7,412 | = | 0.0% |
| Current assets | 29/58 | €2,361,075 | €2,541,960 | +€180,885 | +7.7% |
| Stocks and contracts in progress | 3 | €863,430 | €841,749 | -€21,681 | -2.5% |
| Stocks | 30/36 | €863,430 | €841,749 | -€21,681 | -2.5% |
| Amounts receivable within one year | 40/41 | €550,838 | €615,898 | +€65,059 | +11.8% |
| Trade receivables | 40 | €485,114 | €584,362 | +€99,248 | +20.5% |
| Other amounts receivable | 41 | €65,724 | €31,535 | -€34,189 | -52.0% |
| Current investments | 50/53 | €570,000 | €875,560 | +€305,560 | +53.6% |
| Cash at bank and in hand | 54/58 | €360,513 | €195,540 | -€164,973 | -45.8% |
| Deferred charges and accrued income | 490/1 | €16,294 | €13,213 | -€3,080 | -18.9% |
| Total equity and liabilities | 10/49 | €2,601,716 | €2,688,043 | +€86,327 | +3.3% |
| Equity | 10/15 | €2,119,348 | €2,124,583 | +€5,235 | +0.2% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €619,348 | €624,583 | +€5,235 | +0.8% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €469,348 | €474,583 | +€5,235 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,428 | €2,519 | -€4,908 | -66.1% |
| Provisions for liabilities and charges | 160/5 | €7,428 | €2,519 | -€4,908 | -66.1% |
| Pensions and similar obligations | 160 | €7,428 | €2,519 | -€4,908 | -66.1% |
| Amounts payable | 17/49 | €474,941 | €560,941 | +€86,000 | +18.1% |
| Amounts payable within one year | 42/48 | €470,941 | €183,447 | -€287,494 | -61.0% |
| Trade debts | 44 | €345,319 | €32,190 | -€313,129 | -90.7% |
| Suppliers | 440/4 | €345,319 | €32,190 | -€313,129 | -90.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €107,860 | €114,621 | +€6,761 | +6.3% |
| Taxes | 450/3 | €12,807 | €12,096 | -€711 | -5.6% |
| Remuneration and social security | 454/9 | €95,053 | €102,525 | +€7,472 | +7.9% |
| Other amounts payable | 47/48 | €17,762 | €36,636 | +€18,874 | +106.3% |
| Accrued charges and deferred income | 492/3 | €4,000 | €377,494 | +€373,494 | +9337.4% |
| Remuneration, social security and pensions | 62 | €934,313 | €947,302 | +€12,989 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,957 | €106,548 | -€6,409 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,069 | €7,633 | +€16,702 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,373 | -€4,908 | -€536 | -12.2% |
| Other operating charges | 640/8 | €4,593 | €6,241 | +€1,648 | +35.9% |
| Non-recurring operating charges | 66A | €302 | €0 | -€302 | -100.0% |
| Gross operating margin | 9900 | €1,054,585 | €1,085,965 | +€31,379 | +3.0% |
| Operating profit (loss) | 9901 | €15,863 | €23,149 | +€7,287 | +45.9% |
| Financial income | 75/76B | €59,493 | €21,564 | -€37,929 | -63.8% |
| Recurring financial income | 75 | €59,493 | €21,564 | -€37,929 | -63.8% |
| Financial charges | 65/66B | €33,050 | €35,488 | +€2,438 | +7.4% |
| Recurring financial charges | 65 | €33,050 | €35,488 | +€2,438 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €42,306 | €9,226 | -€33,080 | -78.2% |
| Income taxes | 67/77 | €4,474 | €3,991 | -€483 | -10.8% |
| Profit (loss) for the period | 9904 | €37,833 | €5,235 | -€32,598 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,833 | €5,235 | -€32,598 | -86.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.