Dembélé: 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.
Dembélé
Largest movements
- Cash -€1.7m
down €1.7m (-99.6%), from €1.7m to €6,329
mainly Other debts (-€1.3m) and Tax, wage and social debts (-€256,484)
- Receivables after one year +€233,084
up €233,084 (+11.4%), from €2.1m to €2.3m
- Tangible fixed assets -€79,006
down €79,006 (-3.4%), from €2.3m to €2.3m
of which Land and buildings: -€69,162
- Other debts -€1.3m
down €1.3m (-34.5%), from €3.7m to €2.4m
- Tax, wage and social debts -€256,484
down €256,484 (-100.0%), from €256,500 to €16
of which Taxes: -€256,484
- Gross operating margin -€801,179
down €801,179 (-96.6%), from €829,015 to €27,836
- Financial income +€41,361
up €41,361 (+31112.9%), from €133 to €41,494
- Other operating charges -€17,692
down €17,692 (-62.5%), from €28,289 to €10,597
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 | €6,464,509 | €4,928,506 | -€1.5m | -23.8% |
| Fixed assets | 21/28 | €2,661,840 | €2,582,834 | -€79,006 | -3.0% |
| Tangible fixed assets | 22/27 | €2,336,342 | €2,257,335 | -€79,006 | -3.4% |
| Land and buildings | 22 | €2,324,357 | €2,255,194 | -€69,162 | -3.0% |
| Plant, machinery and equipment | 23 | €731 | €330 | -€401 | -54.8% |
| Furniture and vehicles | 24 | €11,254 | €1,810 | -€9,443 | -83.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €325,499 | €325,499 | = | 0.0% |
| Current assets | 29/58 | €3,802,669 | €2,345,672 | -€1.5m | -38.3% |
| Amounts receivable after more than one year | 29 | €2,051,189 | €2,284,274 | +€233,084 | +11.4% |
| Other amounts receivable | 291 | €2,051,189 | €2,284,274 | +€233,084 | +11.4% |
| Amounts receivable within one year | 40/41 | €14,300 | €54,499 | +€40,199 | +281.1% |
| Trade receivables | 40 | €0 | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €14,300 | €49,499 | +€35,199 | +246.1% |
| Cash at bank and in hand | 54/58 | €1,723,804 | €6,329 | -€1.7m | -99.6% |
| Deferred charges and accrued income | 490/1 | €13,376 | €571 | -€12,805 | -95.7% |
| Total equity and liabilities | 10/49 | €6,464,509 | €4,928,506 | -€1.5m | -23.8% |
| Equity | 10/15 | €1,545,186 | €1,528,125 | -€17,061 | -1.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,526,186 | €1,509,125 | -€17,061 | -1.1% |
| Distributable reserves | 133 | €1,526,186 | €1,509,125 | -€17,061 | -1.1% |
| Amounts payable | 17/49 | €4,919,323 | €3,400,380 | -€1.5m | -30.9% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,919,323 | €2,400,380 | -€1.5m | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,731 | €4,383 | +€1,651 | +60.5% |
| Suppliers | 440/4 | €2,731 | €4,383 | +€1,651 | +60.5% |
| Taxes, remuneration and social security | 45 | €256,500 | €16 | -€256,484 | -100.0% |
| Taxes | 450/3 | €256,500 | €16 | -€256,484 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,660,092 | €2,395,982 | -€1.3m | -34.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,241 | €72,694 | -€3,547 | -4.7% |
| Other operating charges | 640/8 | €28,289 | €10,597 | -€17,692 | -62.5% |
| Gross operating margin | 9900 | €829,015 | €27,836 | -€801,179 | -96.6% |
| Operating profit (loss) | 9901 | €724,485 | -€55,455 | -€779,940 | |
| Financial income | 75/76B | €133 | €41,494 | +€41,361 | +31112.9% |
| Recurring financial income | 75 | €133 | €41,494 | +€41,361 | +31112.9% |
| Financial charges | 65/66B | €4,048 | €1,905 | -€2,143 | -52.9% |
| Recurring financial charges | 65 | €4,048 | €1,905 | -€2,143 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €720,570 | -€15,865 | -€736,435 | |
| Income taxes | 67/77 | €1,224 | €1,196 | -€28 | -2.3% |
| Profit (loss) for the period | 9904 | €719,346 | -€17,061 | -€736,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €719,346 | -€17,061 | -€736,407 |
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.