DESCHEEMACKER: 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.
DESCHEEMACKER
Largest movements
- Tangible fixed assets -€31,882
down €31,882 (-5.8%), from €545,417 to €513,535
of which Land and buildings: -€28,059
- Receivables within one year -€12,702
down €12,702 (-17.5%), from €72,708 to €60,006
of which Other amounts receivable: -€8,105
- Debts after one year -€42,059
down €42,059 (-12.5%), from €336,024 to €293,965
- Reserves -€27,863
down €27,863 (-10.3%), from €271,188 to €243,325
of which Distributable reserves: -€27,863
- Other debts +€17,917
new in 2025: €17,917
- Tax, wage and social debts +€7,530
up €7,530 (+21.7%), from €34,664 to €42,194
- Other operating charges -€6,773
down €6,773 (-55.7%), from €12,155 to €5,382
- Financial charges +€4,836
up €4,836 (+35.3%), from €13,684 to €18,520
- Taxes +€3,969
up €3,969 (+24.1%), from €16,452 to €20,421
- Depreciation -€2,024
down €2,024 (-6.0%), from €33,906 to €31,882
- Gross operating margin +€1,330
up €1,330 (+1.5%), from €91,208 to €92,538
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 | €699,798 | €655,734 | -€44,064 | -6.3% |
| Fixed assets | 21/28 | €545,417 | €513,535 | -€31,882 | -5.8% |
| Tangible fixed assets | 22/27 | €545,417 | €513,535 | -€31,882 | -5.8% |
| Land and buildings | 22 | €540,704 | €512,645 | -€28,059 | -5.2% |
| Furniture and vehicles | 24 | €4,713 | €890 | -€3,823 | -81.1% |
| Current assets | 29/58 | €154,381 | €142,199 | -€12,182 | -7.9% |
| Amounts receivable after more than one year | 29 | €34,800 | €34,800 | = | 0.0% |
| Other amounts receivable | 291 | €34,800 | €34,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,708 | €60,006 | -€12,702 | -17.5% |
| Trade receivables | 40 | €64,603 | €60,006 | -€4,597 | -7.1% |
| Other amounts receivable | 41 | €8,105 | - | -€8,105 | |
| Cash at bank and in hand | 54/58 | €46,873 | €47,393 | +€520 | +1.1% |
| Total equity and liabilities | 10/49 | €699,798 | €655,734 | -€44,064 | -6.3% |
| Equity | 10/15 | €283,588 | €255,725 | -€27,863 | -9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €271,188 | €243,325 | -€27,863 | -10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,550 | €20,550 | = | 0.0% |
| Distributable reserves | 133 | €248,778 | €220,915 | -€27,863 | -11.2% |
| Amounts payable | 17/49 | €416,210 | €400,009 | -€16,201 | -3.9% |
| Amounts payable after more than one year | 17 | €336,024 | €293,965 | -€42,059 | -12.5% |
| Financial debts | 170/4 | €336,024 | €293,965 | -€42,059 | -12.5% |
| Amounts payable within one year | 42/48 | €80,186 | €106,044 | +€25,858 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €41,875 | €42,059 | +€184 | +0.4% |
| Trade debts | 44 | €3,647 | €3,874 | +€227 | +6.2% |
| Suppliers | 440/4 | €3,647 | €3,874 | +€227 | +6.2% |
| Taxes, remuneration and social security | 45 | €34,664 | €42,194 | +€7,530 | +21.7% |
| Taxes | 450/3 | €34,664 | €42,194 | +€7,530 | +21.7% |
| Other amounts payable | 47/48 | - | €17,917 | +€17,917 | |
| Non-recurring operating income | 76A | €23,529 | €2,715 | -€20,814 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,906 | €31,882 | -€2,024 | -6.0% |
| Other operating charges | 640/8 | €12,155 | €5,382 | -€6,773 | -55.7% |
| Gross operating margin | 9900 | €91,208 | €92,538 | +€1,330 | +1.5% |
| Operating profit (loss) | 9901 | €45,147 | €55,274 | +€10,127 | +22.4% |
| Financial income | 75/76B | €460 | €145 | -€315 | -68.5% |
| Recurring financial income | 75 | €460 | €145 | -€315 | -68.5% |
| Financial charges | 65/66B | €13,684 | €18,520 | +€4,836 | +35.3% |
| Recurring financial charges | 65 | €13,684 | €18,520 | +€4,836 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €31,923 | €36,899 | +€4,976 | +15.6% |
| Income taxes | 67/77 | €16,452 | €20,421 | +€3,969 | +24.1% |
| Profit (loss) for the period | 9904 | €15,471 | €16,478 | +€1,007 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,471 | €16,478 | +€1,007 | +6.5% |
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.