DEONTIC: 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.
DEONTIC
Largest movements
- Intangible fixed assets +€62,485
up €62,485 (+54.4%), from €114,831 to €177,316
- Cash -€54,236
down €54,236 (-28.7%), from €189,074 to €134,838
mainly Net result for the year (-€196,625) and Investment in fixed assets (net) (-€75,245)
- Receivables within one year +€52,210
up €52,210 (+83.3%), from €62,701 to €114,912
of which Other amounts receivable: +€27,210
- Debts after one year +€307,932
up €307,932 (+91.8%), from €335,534 to €643,465
- Profit (loss) carried forward -€196,625
down €196,625 (-66.8%), from -€294,160 to -€490,784
- Investment grants -€69,191
down €69,191 (-53.6%), from €129,176 to €59,985
- Contributions +€49,928
up €49,928 (+45.4%), from €110,000 to €159,928
- Tax, wage and social debts -€20,319
down €20,319 (-99.8%), from €20,351 to €31
of which Remuneration and social security: -€20,319
- Staff costs -€18,552
down €18,552 (-16.0%), from €116,284 to €97,732
- Financial charges +€17,598
up €17,598 (+110.7%), from €15,895 to €33,493
- Gross operating margin +€16,478
up €16,478 (+24.0%), from -€68,677 to -€52,199
- Financial income -€2,428
down €2,428 (-41.7%), from €5,815 to €3,388
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 | €378,152 | €435,224 | +€57,072 | +15.1% |
| Fixed assets | 21/28 | €126,035 | €185,247 | +€59,212 | +47.0% |
| Intangible fixed assets | 21 | €114,831 | €177,316 | +€62,485 | +54.4% |
| Tangible fixed assets | 22/27 | €10,854 | €7,581 | -€3,273 | -30.2% |
| Furniture and vehicles | 24 | €10,854 | €7,581 | -€3,273 | -30.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €252,117 | €249,977 | -€2,140 | -0.8% |
| Amounts receivable within one year | 40/41 | €62,701 | €114,912 | +€52,210 | +83.3% |
| Trade receivables | 40 | €56,396 | €81,397 | +€25,001 | +44.3% |
| Other amounts receivable | 41 | €6,305 | €33,515 | +€27,210 | +431.5% |
| Cash at bank and in hand | 54/58 | €189,074 | €134,838 | -€54,236 | -28.7% |
| Deferred charges and accrued income | 490/1 | €342 | €227 | -€114 | -33.4% |
| Total equity and liabilities | 10/49 | €378,152 | €435,224 | +€57,072 | +15.1% |
| Equity | 10/15 | -€54,984 | -€270,872 | -€215,888 | -392.6% |
| Contributions | 10/11 | €110,000 | €159,928 | +€49,928 | +45.4% |
| Profit (loss) carried forward | 14 | -€294,160 | -€490,784 | -€196,625 | -66.8% |
| Investment grants | 15 | €129,176 | €59,985 | -€69,191 | -53.6% |
| Amounts payable | 17/49 | €433,136 | €706,096 | +€272,960 | +63.0% |
| Amounts payable after more than one year | 17 | €335,534 | €643,465 | +€307,932 | +91.8% |
| Financial debts | 170/4 | €335,534 | €643,465 | +€307,932 | +91.8% |
| Amounts payable within one year | 42/48 | €91,602 | €62,589 | -€29,013 | -31.7% |
| Trade debts | 44 | €62,953 | €53,822 | -€9,132 | -14.5% |
| Suppliers | 440/4 | €62,953 | €53,822 | -€9,132 | -14.5% |
| Taxes, remuneration and social security | 45 | €20,351 | €31 | -€20,319 | -99.8% |
| Taxes | 450/3 | €31 | €31 | = | 0.0% |
| Remuneration and social security | 454/9 | €20,319 | €0 | -€20,319 | -100.0% |
| Other amounts payable | 47/48 | €8,298 | €8,736 | +€438 | +5.3% |
| Accrued charges and deferred income | 492/3 | €6,000 | €42 | -€5,958 | -99.3% |
| Remuneration, social security and pensions | 62 | €116,284 | €97,732 | -€18,552 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,968 | €16,033 | +€65 | +0.4% |
| Other operating charges | 640/8 | €387 | €556 | +€168 | +43.5% |
| Gross operating margin | 9900 | -€68,677 | -€52,199 | +€16,478 | +24.0% |
| Operating profit (loss) | 9901 | -€201,316 | -€166,519 | +€34,796 | +17.3% |
| Financial income | 75/76B | €5,815 | €3,388 | -€2,428 | -41.7% |
| Recurring financial income | 75 | €5,815 | €3,388 | -€2,428 | -41.7% |
| Financial charges | 65/66B | €15,895 | €33,493 | +€17,598 | +110.7% |
| Recurring financial charges | 65 | €15,895 | €33,493 | +€17,598 | +110.7% |
| Profit (loss) for the period before taxes | 9903 | -€211,396 | -€196,625 | +€14,771 | +7.0% |
| Profit (loss) for the period | 9904 | -€211,396 | -€196,625 | +€14,771 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€211,396 | -€196,625 | +€14,771 | +7.0% |
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 6 October 2026 via checked.be.