DEOLET: 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.
DEOLET
Largest movements
- Cash -€121,366
down €121,366 (-59.9%), from €202,732 to €81,366
mainly Current investments (-€101,543) and Deferred charges and accrued income (-€15,999)
- Current investments +€101,543
new in 2025: €101,543
- Deferred charges and accrued income +€15,999
up €15,999 (+727.6%), from €2,199 to €18,198
- Receivables within one year -€9,908
down €9,908 (-41.0%), from €24,156 to €14,248
of which Trade receivables: -€12,983
- Trade debts -€9,018
down €9,018 (-72.8%), from €12,393 to €3,374
- Tax, wage and social debts -€6,406
down €6,406 (-30.0%), from €21,336 to €14,930
of which Taxes: -€5,667
- Gross operating margin -€24,466
down €24,466 (-29.0%), from €84,490 to €60,024
- Taxes -€8,444
down €8,444 (-95.3%), from €8,859 to €415
- Staff costs +€6,311
up €6,311 (+14.5%), from €43,652 to €49,964
- Other operating charges +€3,927
up €3,927 (+253.1%), from €1,552 to €5,478
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 | €313,241 | €296,147 | -€17,094 | -5.5% |
| Fixed assets | 21/28 | €74,932 | €72,399 | -€2,533 | -3.4% |
| Tangible fixed assets | 22/27 | €74,127 | €71,593 | -€2,533 | -3.4% |
| Land and buildings | 22 | €64,684 | €65,963 | +€1,278 | +2.0% |
| Plant, machinery and equipment | 23 | €9,325 | €5,631 | -€3,695 | -39.6% |
| Furniture and vehicles | 24 | €117 | €0 | -€117 | -100.0% |
| Financial fixed assets | 28 | €806 | €806 | = | 0.0% |
| Current assets | 29/58 | €238,309 | €223,748 | -€14,561 | -6.1% |
| Stocks and contracts in progress | 3 | €9,222 | €8,393 | -€829 | -9.0% |
| Stocks | 30/36 | €9,222 | €8,393 | -€829 | -9.0% |
| Amounts receivable within one year | 40/41 | €24,156 | €14,248 | -€9,908 | -41.0% |
| Trade receivables | 40 | €13,194 | €210 | -€12,983 | -98.4% |
| Other amounts receivable | 41 | €10,962 | €14,037 | +€3,076 | +28.1% |
| Current investments | 50/53 | - | €101,543 | +€101,543 | |
| Cash at bank and in hand | 54/58 | €202,732 | €81,366 | -€121,366 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,199 | €18,198 | +€15,999 | +727.6% |
| Total equity and liabilities | 10/49 | €313,241 | €296,147 | -€17,094 | -5.5% |
| Equity | 10/15 | €279,415 | €277,746 | -€1,670 | -0.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €192,653 | €190,983 | -€1,670 | -0.9% |
| Distributable reserves | 133 | €192,653 | €190,983 | -€1,670 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,826 | €18,401 | -€15,424 | -45.6% |
| Amounts payable within one year | 42/48 | €33,826 | €18,401 | -€15,424 | -45.6% |
| Trade debts | 44 | €12,393 | €3,374 | -€9,018 | -72.8% |
| Suppliers | 440/4 | €12,393 | €3,374 | -€9,018 | -72.8% |
| Taxes, remuneration and social security | 45 | €21,336 | €14,930 | -€6,406 | -30.0% |
| Taxes | 450/3 | €14,576 | €8,908 | -€5,667 | -38.9% |
| Remuneration and social security | 454/9 | €6,760 | €6,022 | -€739 | -10.9% |
| Other amounts payable | 47/48 | €97 | €97 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €43,652 | €49,964 | +€6,311 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,436 | €7,666 | +€230 | +3.1% |
| Other operating charges | 640/8 | €1,552 | €5,478 | +€3,927 | +253.1% |
| Gross operating margin | 9900 | €84,490 | €60,024 | -€24,466 | -29.0% |
| Operating profit (loss) | 9901 | €31,850 | -€3,084 | -€34,934 | |
| Financial income | 75/76B | €1,421 | €2,033 | +€612 | +43.1% |
| Recurring financial income | 75 | €1,421 | €2,033 | +€612 | +43.1% |
| Financial charges | 65/66B | €128 | €203 | +€76 | +59.2% |
| Recurring financial charges | 65 | €128 | €203 | +€76 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €33,143 | -€1,255 | -€34,398 | |
| Income taxes | 67/77 | €8,859 | €415 | -€8,444 | -95.3% |
| Profit (loss) for the period | 9904 | €24,284 | -€1,670 | -€25,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,284 | -€1,670 | -€25,954 |
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 7 October 2026 via checked.be.