Dequae: 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.
Dequae
Largest movements
- Receivables within one year -€35,093
down €35,093 (-38.1%), from €92,204 to €57,112
of which Trade receivables: -€34,999
- Financial fixed assets +€15,134
up €15,134 (+503.7%), from €3,004 to €18,138
- Tangible fixed assets +€6,607
up €6,607 (+15.4%), from €42,852 to €49,459
of which Plant, machinery and equipment: +€9,418
- Stocks and contracts +€4,365
new in 2025: €4,365
- Intangible fixed assets -€3,977
down €3,977 (-12.1%), from €32,916 to €28,939
- Trade debts -€34,620
down €34,620 (-54.4%), from €63,635 to €29,015
- Debts after one year +€7,512
up €7,512 (+73.3%), from €10,246 to €17,759
- Other debts +€6,768
up €6,768 (+41.7%), from €16,221 to €22,989
- Accrued charges and deferred income +€5,396
up €5,396 (+431.0%), from €1,252 to €6,648
- Current portion of long-term debt +€4,257
up €4,257 (+112.6%), from €3,779 to €8,037
- Staff costs +€17,800
up €17,800 (+9.1%), from €194,604 to €212,404
- Gross operating margin +€12,787
up €12,787 (+5.5%), from €234,455 to €247,242
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 | €189,000 | €175,486 | -€13,514 | -7.2% |
| Fixed assets | 21/28 | €78,773 | €96,537 | +€17,764 | +22.6% |
| Intangible fixed assets | 21 | €32,916 | €28,939 | -€3,977 | -12.1% |
| Tangible fixed assets | 22/27 | €42,852 | €49,459 | +€6,607 | +15.4% |
| Plant, machinery and equipment | 23 | €28,657 | €38,075 | +€9,418 | +32.9% |
| Furniture and vehicles | 24 | €2,112 | €973 | -€1,139 | -53.9% |
| Other tangible fixed assets | 26 | €12,083 | €10,411 | -€1,672 | -13.8% |
| Financial fixed assets | 28 | €3,004 | €18,138 | +€15,134 | +503.7% |
| Current assets | 29/58 | €110,227 | €78,949 | -€31,278 | -28.4% |
| Stocks and contracts in progress | 3 | - | €4,365 | +€4,365 | |
| Stocks | 30/36 | - | €4,365 | +€4,365 | |
| Amounts receivable within one year | 40/41 | €92,204 | €57,112 | -€35,093 | -38.1% |
| Trade receivables | 40 | €82,439 | €47,441 | -€34,999 | -42.5% |
| Other amounts receivable | 41 | €9,765 | €9,671 | -€94 | -1.0% |
| Cash at bank and in hand | 54/58 | €7,750 | €8,369 | +€620 | +8.0% |
| Deferred charges and accrued income | 490/1 | €10,273 | €9,103 | -€1,170 | -11.4% |
| Total equity and liabilities | 10/49 | €189,000 | €175,486 | -€13,514 | -7.2% |
| Equity | 10/15 | €61,041 | €61,884 | +€843 | +1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,041 | €56,884 | +€843 | +1.5% |
| Distributable reserves | 133 | €56,041 | €56,884 | +€843 | +1.5% |
| Amounts payable | 17/49 | €127,960 | €113,602 | -€14,357 | -11.2% |
| Amounts payable after more than one year | 17 | €10,246 | €17,759 | +€7,512 | +73.3% |
| Financial debts | 170/4 | €10,246 | €17,759 | +€7,512 | +73.3% |
| Amounts payable within one year | 42/48 | €116,462 | €89,196 | -€27,266 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €3,779 | €8,037 | +€4,257 | +112.6% |
| Financial debts | 43 | €1,667 | €1,667 | = | 0.0% |
| Credit institutions | 430/8 | €1,667 | €1,667 | = | 0.0% |
| Trade debts | 44 | €63,635 | €29,015 | -€34,620 | -54.4% |
| Suppliers | 440/4 | €63,635 | €29,015 | -€34,620 | -54.4% |
| Taxes, remuneration and social security | 45 | €31,160 | €27,489 | -€3,671 | -11.8% |
| Taxes | 450/3 | €16,879 | €10,206 | -€6,674 | -39.5% |
| Remuneration and social security | 454/9 | €14,281 | €17,283 | +€3,003 | +21.0% |
| Other amounts payable | 47/48 | €16,221 | €22,989 | +€6,768 | +41.7% |
| Accrued charges and deferred income | 492/3 | €1,252 | €6,648 | +€5,396 | +431.0% |
| Remuneration, social security and pensions | 62 | €194,604 | €212,404 | +€17,800 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,305 | €24,644 | -€1,661 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€183 | €0 | +€183 | |
| Other operating charges | 640/8 | €3,947 | €3,434 | -€513 | -13.0% |
| Gross operating margin | 9900 | €234,455 | €247,242 | +€12,787 | +5.5% |
| Operating profit (loss) | 9901 | €9,782 | €6,760 | -€3,022 | -30.9% |
| Financial income | 75/76B | €558 | €216 | -€342 | -61.2% |
| Recurring financial income | 75 | €558 | €216 | -€342 | -61.2% |
| Financial charges | 65/66B | €4,905 | €6,001 | +€1,096 | +22.3% |
| Recurring financial charges | 65 | €4,905 | €6,001 | +€1,096 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €5,435 | €975 | -€4,460 | -82.1% |
| Income taxes | 67/77 | €202 | €132 | -€70 | -34.7% |
| Profit (loss) for the period | 9904 | €5,233 | €843 | -€4,389 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,233 | €843 | -€4,389 | -83.9% |
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 5 October 2026 via checked.be.