DEO Belgium: 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.
DEO Belgium
Largest movements
- Cash -€963,079
down €963,079 (-38.4%), from €2.5m to €1.5m
mainly Net result for the year (-€1.9m) and Debts after one year (-€449,721)
- Tangible fixed assets -€848,868
down €848,868 (-4.3%), from €19.6m to €18.7m
of which Land and buildings: -€828,608
- Profit (loss) carried forward -€1.9m
down €1.9m (-10.2%), from -€18.9m to -€20.8m
- Debts after one year -€449,721
down €449,721 (-1.9%), from €23.8m to €23.3m
- Accrued charges and deferred income +€275,346
up €275,346 (+40.8%), from €674,619 to €949,966
- Gross operating margin -€196,045
down €196,045 (-17.2%), from €1.1m to €945,260
- Financial charges -€136,792
down €136,792 (-9.8%), from €1.4m to €1.3m
- Other operating charges +€38,315
up €38,315 (+6.9%), from €559,141 to €597,456
- Depreciation -€17,726
down €17,726 (-1.7%), from €1.0m to €1.0m
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 | €22,698,231 | €20,615,396 | -€2.1m | -9.2% |
| Formation expenses | 20 | €208,728 | €145,385 | -€63,343 | -30.3% |
| Fixed assets | 21/28 | €19,569,836 | €18,720,968 | -€848,868 | -4.3% |
| Tangible fixed assets | 22/27 | €19,569,836 | €18,720,968 | -€848,868 | -4.3% |
| Land and buildings | 22 | €18,991,387 | €18,162,779 | -€828,608 | -4.4% |
| Plant, machinery and equipment | 23 | €39,720 | €20,948 | -€18,773 | -47.3% |
| Furniture and vehicles | 24 | €48,204 | €21,749 | -€26,456 | -54.9% |
| Other tangible fixed assets | 26 | €488,863 | €446,896 | -€41,967 | -8.6% |
| Assets under construction and advance payments | 27 | €1,662 | €68,597 | +€66,935 | +4,028% |
| Current assets | 29/58 | €2,919,667 | €1,749,043 | -€1.2m | -40.1% |
| Amounts receivable within one year | 40/41 | €261,850 | €83,385 | -€178,465 | -68.2% |
| Trade receivables | 40 | €233,850 | €55,385 | -€178,465 | -76.3% |
| Other amounts receivable | 41 | €28,000 | €28,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,510,844 | €1,547,765 | -€963,079 | -38.4% |
| Deferred charges and accrued income | 490/1 | €146,973 | €117,892 | -€29,081 | -19.8% |
| Total equity and liabilities | 10/49 | €22,698,231 | €20,615,396 | -€2.1m | -9.2% |
| Equity | 10/15 | -€2,940,613 | -€4,856,746 | -€1.9m | -65.2% |
| Contributions | 10/11 | €15,930,000 | €15,930,000 | = | 0.0% |
| Capital | 10 | €15,930,000 | €15,930,000 | = | 0.0% |
| Issued capital | 100 | €15,930,000 | €15,930,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,870,613 | -€20,786,746 | -€1.9m | -10.2% |
| Amounts payable | 17/49 | €25,638,844 | €25,472,142 | -€166,702 | -0.7% |
| Amounts payable after more than one year | 17 | €23,764,736 | €23,315,015 | -€449,721 | -1.9% |
| Financial debts | 170/4 | €23,764,736 | €23,315,015 | -€449,721 | -1.9% |
| Amounts payable within one year | 42/48 | €1,199,488 | €1,207,161 | +€7,673 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €593,100 | €575,307 | -€17,793 | -3.0% |
| Trade debts | 44 | €129,610 | €290,236 | +€160,625 | +124% |
| Suppliers | 440/4 | €129,610 | €290,236 | +€160,625 | +124% |
| Taxes, remuneration and social security | 45 | €11,158 | €27,330 | +€16,171 | +145% |
| Taxes | 450/3 | €11,158 | €27,330 | +€16,171 | +145% |
| Other amounts payable | 47/48 | €465,620 | €314,289 | -€151,331 | -32.5% |
| Accrued charges and deferred income | 492/3 | €674,619 | €949,966 | +€275,346 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024,043 | €1,006,317 | -€17,726 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,980 | €0 | -€1,980 | -100% |
| Other operating charges | 640/8 | €559,141 | €597,456 | +€38,315 | +6.9% |
| Gross operating margin | 9900 | €1,141,305 | €945,260 | -€196,045 | -17.2% |
| Operating profit (loss) | 9901 | -€443,858 | -€658,512 | -€214,654 | -48.4% |
| Financial charges | 65/66B | €1,394,414 | €1,257,621 | -€136,792 | -9.8% |
| Recurring financial charges | 65 | €1,394,414 | €1,257,621 | -€136,792 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,838,272 | -€1,916,134 | -€77,862 | -4.2% |
| Profit (loss) for the period | 9904 | -€1,838,272 | -€1,916,134 | -€77,862 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,838,272 | -€1,916,134 | -€77,862 | -4.2% |
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 1 November 2026 via checked.be.