Dember: 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.
Dember
Largest movements
- Cash +€126,165
up €126,165 (+129.5%), from €97,390 to €223,555
mainly Net result for the year (+€190,436) and Depreciation (+€34,364)
- Tangible fixed assets -€34,364
down €34,364 (-4.8%), from €710,435 to €676,071
- Reserves +€120,000
up €120,000 (+18.5%), from €647,500 to €767,500
- Debts after one year -€46,954
down €46,954 (-8.3%), from €565,561 to €518,607
- Other debts +€21,000
up €21,000 (+42.9%), from €49,000 to €70,000
- Financial income +€72,223
up €72,223 (+82.0%), from €88,096 to €160,319
- Gross operating margin +€29,958
up €29,958 (+28.2%), from €106,066 to €136,023
- Taxes +€11,291
up €11,291 (+44.9%), from €25,160 to €36,451
- Other operating charges +€6,343
up €6,343 (+75.0%), from €8,454 to €14,797
- Depreciation +€4,565
up €4,565 (+15.3%), from €29,799 to €34,364
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 | €1,452,498 | €1,544,384 | +€91,886 | +6.3% |
| Fixed assets | 21/28 | €1,352,885 | €1,318,521 | -€34,364 | -2.5% |
| Tangible fixed assets | 22/27 | €710,435 | €676,071 | -€34,364 | -4.8% |
| Land and buildings | 22 | €710,435 | €676,071 | -€34,364 | -4.8% |
| Financial fixed assets | 28 | €642,450 | €642,450 | = | 0.0% |
| Current assets | 29/58 | €99,613 | €225,863 | +€126,250 | +126.7% |
| Cash at bank and in hand | 54/58 | €97,390 | €223,555 | +€126,165 | +129.5% |
| Deferred charges and accrued income | 490/1 | €2,224 | €2,308 | +€84 | +3.8% |
| Total equity and liabilities | 10/49 | €1,452,498 | €1,544,384 | +€91,886 | +6.3% |
| Equity | 10/15 | €733,465 | €853,901 | +€120,436 | +16.4% |
| Contributions | 10/11 | €33,100 | €33,100 | = | 0.0% |
| Reserves | 13 | €647,500 | €767,500 | +€120,000 | +18.5% |
| Distributable reserves | 133 | €647,500 | €767,500 | +€120,000 | +18.5% |
| Profit (loss) carried forward | 14 | €52,865 | €53,301 | +€436 | +0.8% |
| Amounts payable | 17/49 | €719,033 | €690,483 | -€28,551 | -4.0% |
| Amounts payable after more than one year | 17 | €565,561 | €518,607 | -€46,954 | -8.3% |
| Financial debts | 170/4 | €565,561 | €518,607 | -€46,954 | -8.3% |
| Amounts payable within one year | 42/48 | €153,473 | €167,876 | +€14,403 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €45,391 | €46,954 | +€1,563 | +3.4% |
| Trade debts | 44 | €169 | €130 | -€38 | -22.7% |
| Suppliers | 440/4 | €169 | €130 | -€38 | -22.7% |
| Taxes, remuneration and social security | 45 | €58,913 | €50,792 | -€8,121 | -13.8% |
| Taxes | 450/3 | €58,913 | €50,792 | -€8,121 | -13.8% |
| Other amounts payable | 47/48 | €49,000 | €70,000 | +€21,000 | +42.9% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,799 | €34,364 | +€4,565 | +15.3% |
| Other operating charges | 640/8 | €8,454 | €14,797 | +€6,343 | +75.0% |
| Gross operating margin | 9900 | €106,066 | €136,023 | +€29,958 | +28.2% |
| Operating profit (loss) | 9901 | €67,813 | €86,863 | +€19,050 | +28.1% |
| Financial income | 75/76B | €88,096 | €160,319 | +€72,223 | +82.0% |
| Recurring financial income | 75 | €88,096 | €160,319 | +€72,223 | +82.0% |
| Financial charges | 65/66B | €18,673 | €20,294 | +€1,621 | +8.7% |
| Recurring financial charges | 65 | €18,673 | €20,294 | +€1,621 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €137,236 | €226,887 | +€89,652 | +65.3% |
| Income taxes | 67/77 | €25,160 | €36,451 | +€11,291 | +44.9% |
| Profit (loss) for the period | 9904 | €112,076 | €190,436 | +€78,361 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,076 | €190,436 | +€78,361 | +69.9% |
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 28 September 2026 via checked.be.