DEQI: 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.
DEQI
Largest movements
- Cash +€35,589
up €35,589 (+129.1%), from €27,574 to €63,163
mainly Other debts (+€77,712) and Depreciation (+€36,389)
- Tangible fixed assets +€33,023
up €33,023 (+10.0%), from €330,893 to €363,916
of which Land and buildings: +€50,733
- Other debts +€77,712
up €77,712 (+38.6%), from €201,545 to €279,258
- Trade debts -€22,152
down €22,152 (-86.2%), from €25,690 to €3,538
- Profit (loss) carried forward +€18,007
up €18,007 (+93.0%), from €19,364 to €37,371
- Tax, wage and social debts -€5,496
down €5,496 (-56.7%), from €9,693 to €4,198
- Gross operating margin +€15,888
up €15,888 (+36.4%), from €43,692 to €59,580
- Depreciation +€13,686
up €13,686 (+60.3%), from €22,703 to €36,389
- Financial income -€5,113
no longer reported in 2025 (was €5,113)
- Staff costs -€4,287
no longer reported in 2025 (was €4,287)
- Taxes +€3,510
up €3,510 (+464.4%), from €756 to €4,266
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 | €362,240 | €430,312 | +€68,072 | +18.8% |
| Fixed assets | 21/28 | €334,666 | €367,149 | +€32,483 | +9.7% |
| Intangible fixed assets | 21 | €2,573 | €2,033 | -€540 | -21.0% |
| Tangible fixed assets | 22/27 | €330,893 | €363,916 | +€33,023 | +10.0% |
| Land and buildings | 22 | €271,754 | €322,487 | +€50,733 | +18.7% |
| Plant, machinery and equipment | 23 | €46,056 | €33,727 | -€12,329 | -26.8% |
| Furniture and vehicles | 24 | €13,082 | €7,702 | -€5,381 | -41.1% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €27,574 | €63,163 | +€35,589 | +129.1% |
| Cash at bank and in hand | 54/58 | €27,574 | €63,163 | +€35,589 | +129.1% |
| Total equity and liabilities | 10/49 | €362,240 | €430,312 | +€68,072 | +18.8% |
| Equity | 10/15 | €125,311 | €143,318 | +€18,007 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,947 | €100,947 | = | 0.0% |
| Distributable reserves | 133 | €100,947 | €100,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,364 | €37,371 | +€18,007 | +93.0% |
| Amounts payable | 17/49 | €236,928 | €286,993 | +€50,065 | +21.1% |
| Amounts payable within one year | 42/48 | €236,928 | €286,993 | +€50,065 | +21.1% |
| Trade debts | 44 | €25,690 | €3,538 | -€22,152 | -86.2% |
| Suppliers | 440/4 | €25,690 | €3,538 | -€22,152 | -86.2% |
| Taxes, remuneration and social security | 45 | €9,693 | €4,198 | -€5,496 | -56.7% |
| Taxes | 450/3 | €9,693 | €4,198 | -€5,496 | -56.7% |
| Other amounts payable | 47/48 | €201,545 | €279,258 | +€77,712 | +38.6% |
| Remuneration, social security and pensions | 62 | €4,287 | - | -€4,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,703 | €36,389 | +€13,686 | +60.3% |
| Other operating charges | 640/8 | €1,583 | €843 | -€739 | -46.7% |
| Gross operating margin | 9900 | €43,692 | €59,580 | +€15,888 | +36.4% |
| Operating profit (loss) | 9901 | €15,118 | €22,347 | +€7,229 | +47.8% |
| Financial income | 75/76B | €5,113 | - | -€5,113 | |
| Recurring financial income | 75 | €5,113 | - | -€5,113 | |
| Financial charges | 65/66B | €111 | €74 | -€37 | -33.5% |
| Recurring financial charges | 65 | €111 | €74 | -€37 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €20,120 | €22,273 | +€2,153 | +10.7% |
| Income taxes | 67/77 | €756 | €4,266 | +€3,510 | +464.4% |
| Profit (loss) for the period | 9904 | €19,364 | €18,007 | -€1,357 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,364 | €18,007 | -€1,357 | -7.0% |
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 11 October 2026 via checked.be.