DEQUEECKER: 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.
DEQUEECKER
Largest movements
- Receivables within one year +€164,708
up €164,708 (+79.2%), from €207,864 to €372,572
of which Trade receivables: +€180,909
- Stocks and contracts -€30,003
down €30,003 (-22.4%), from €133,962 to €103,959
of which Contracts in progress: -€49,540
- Reserves +€153,069
up €153,069 (+21.8%), from €703,047 to €856,116
of which Distributable reserves: +€153,069
- Trade debts +€123,426
up €123,426 (+75.8%), from €162,801 to €286,227
- Other debts -€99,950
down €99,950 (-99.4%), from €100,575 to €625
- Accrued charges and deferred income -€25,449
down €25,449 (-100.0%), from €25,449 to €0
- Current portion of long-term debt -€19,140
down €19,140 (-76.6%), from €24,986 to €5,846
- Gross operating margin +€71,405
up €71,405 (+22.3%), from €320,597 to €392,002
- Taxes +€20,466
up €20,466 (+68.8%), from €29,749 to €50,215
- Staff costs +€5,982
up €5,982 (+6.1%), from €97,416 to €103,398
- Other operating charges +€4,192
up €4,192 (+35.0%), from €11,990 to €16,181
- Depreciation +€4,009
up €4,009 (+6.3%), from €63,154 to €67,163
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 | €1,092,212 | €1,224,531 | +€132,319 | +12.1% |
| Fixed assets | 21/28 | €642,920 | €644,037 | +€1,117 | +0.2% |
| Tangible fixed assets | 22/27 | €640,420 | €644,037 | +€3,617 | +0.6% |
| Land and buildings | 22 | €333,023 | €336,071 | +€3,048 | +0.9% |
| Plant, machinery and equipment | 23 | €266,086 | €183,072 | -€83,014 | -31.2% |
| Furniture and vehicles | 24 | €41,310 | €51,521 | +€10,211 | +24.7% |
| Other tangible fixed assets | 26 | - | €73,372 | +€73,372 | |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100.0% |
| Current assets | 29/58 | €449,293 | €580,494 | +€131,202 | +29.2% |
| Stocks and contracts in progress | 3 | €133,962 | €103,959 | -€30,003 | -22.4% |
| Stocks | 30/36 | €80,616 | €100,152 | +€19,536 | +24.2% |
| Contracts in progress | 37 | €53,346 | €3,806 | -€49,540 | -92.9% |
| Amounts receivable within one year | 40/41 | €207,864 | €372,572 | +€164,708 | +79.2% |
| Trade receivables | 40 | €171,088 | €351,997 | +€180,909 | +105.7% |
| Other amounts receivable | 41 | €36,776 | €20,575 | -€16,201 | -44.1% |
| Current investments | 50/53 | €35 | €35 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,958 | €90,742 | -€12,216 | -11.9% |
| Deferred charges and accrued income | 490/1 | €4,473 | €13,186 | +€8,713 | +194.8% |
| Total equity and liabilities | 10/49 | €1,092,212 | €1,224,531 | +€132,319 | +12.1% |
| Equity | 10/15 | €765,047 | €918,116 | +€153,069 | +20.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €703,047 | €856,116 | +€153,069 | +21.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €696,847 | €849,916 | +€153,069 | +22.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €327,165 | €306,415 | -€20,750 | -6.3% |
| Amounts payable after more than one year | 17 | €5,846 | €0 | -€5,846 | -100.0% |
| Financial debts | 170/4 | €5,846 | €0 | -€5,846 | -100.0% |
| Amounts payable within one year | 42/48 | €295,870 | €306,415 | +€10,545 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €24,986 | €5,846 | -€19,140 | -76.6% |
| Trade debts | 44 | €162,801 | €286,227 | +€123,426 | +75.8% |
| Suppliers | 440/4 | €162,801 | €286,227 | +€123,426 | +75.8% |
| Taxes, remuneration and social security | 45 | €7,508 | €13,717 | +€6,209 | +82.7% |
| Taxes | 450/3 | €175 | €2,521 | +€2,346 | +1340.9% |
| Remuneration and social security | 454/9 | €7,333 | €11,196 | +€3,863 | +52.7% |
| Other amounts payable | 47/48 | €100,575 | €625 | -€99,950 | -99.4% |
| Accrued charges and deferred income | 492/3 | €25,449 | €0 | -€25,449 | -100.0% |
| Remuneration, social security and pensions | 62 | €97,416 | €103,398 | +€5,982 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,154 | €67,163 | +€4,009 | +6.3% |
| Other operating charges | 640/8 | €11,990 | €16,181 | +€4,192 | +35.0% |
| Non-recurring operating charges | 66A | - | €241 | +€241 | |
| Gross operating margin | 9900 | €320,597 | €392,002 | +€71,405 | +22.3% |
| Operating profit (loss) | 9901 | €148,038 | €205,019 | +€56,981 | +38.5% |
| Financial income | 75/76B | €6,973 | €7,641 | +€668 | +9.6% |
| Recurring financial income | 75 | €6,973 | €7,641 | +€668 | +9.6% |
| Financial charges | 65/66B | €6,230 | €9,376 | +€3,146 | +50.5% |
| Recurring financial charges | 65 | €6,230 | €9,376 | +€3,146 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €148,780 | €203,284 | +€54,504 | +36.6% |
| Income taxes | 67/77 | €29,749 | €50,215 | +€20,466 | +68.8% |
| Profit (loss) for the period | 9904 | €119,031 | €153,069 | +€34,038 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,031 | €153,069 | +€34,038 | +28.6% |
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.