DESCHILDRE K: what changed
DESCHILDRE K
Largest movements
- Tangible fixed assets +€55,338
up €55,338 (+15.8%), from €349,739 to €405,076
of which Other tangible fixed assets: +€71,373
- Receivables within one year +€40,384
up €40,384 (+186%), from €21,656 to €62,040
of which Trade receivables: +€41,953
- Cash -€18,927
down €18,927 (-52.3%), from €36,196 to €17,270
mainly Investment in fixed assets (net) (-€116,677) and Receivables within one year (-€40,384)
- Stocks and contracts +€12,921
up €12,921 (+21.2%), from €61,069 to €73,990
- Debts after one year +€56,038
up €56,038 (+18.6%), from €300,517 to €356,555
of which Financial debts: +€31,799
- Current portion of long-term debt +€32,999
up €32,999 (+131%), from €25,202 to €58,201
- Profit (loss) carried forward -€23,032
down €23,032 (-22.8%), from -€101,070 to -€124,102
- Accrued charges and deferred income +€6,870
up €6,870 (+429%), from €1,602 to €8,472
- Trade debts -€6,569
down €6,569 (-4.4%), from €149,440 to €142,871
- Gross operating margin +€42,961
up €42,961 (+23.2%), from €184,849 to €227,810
- Depreciation +€26,225
up €26,225 (+64.7%), from €40,557 to €66,782
- Staff costs +€23,617
up €23,617 (+17.0%), from €139,084 to €162,701
- Financial charges +€4,889
up €4,889 (+32.5%), from €15,063 to €19,952
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,369 | €575,346 | +€83,977 | +17.1% |
| Fixed assets | 21/28 | €370,869 | €420,763 | +€49,894 | +13.5% |
| Intangible fixed assets | 21 | €5,530 | €3,687 | -€1,843 | -33.3% |
| Tangible fixed assets | 22/27 | €349,739 | €405,076 | +€55,338 | +15.8% |
| Plant, machinery and equipment | 23 | €47,152 | €31,613 | -€15,539 | -33.0% |
| Furniture and vehicles | 24 | €1,246 | €749 | -€496 | -39.8% |
| Other tangible fixed assets | 26 | €301,342 | €372,714 | +€71,373 | +23.7% |
| Financial fixed assets | 28 | €15,600 | €12,000 | -€3,600 | -23.1% |
| Current assets | 29/58 | €120,500 | €154,583 | +€34,083 | +28.3% |
| Stocks and contracts in progress | 3 | €61,069 | €73,990 | +€12,921 | +21.2% |
| Stocks | 30/36 | €61,069 | €73,990 | +€12,921 | +21.2% |
| Amounts receivable within one year | 40/41 | €21,656 | €62,040 | +€40,384 | +186% |
| Trade receivables | 40 | €20,081 | €62,034 | +€41,953 | +209% |
| Other amounts receivable | 41 | €1,575 | €6 | -€1,569 | -99.6% |
| Cash at bank and in hand | 54/58 | €36,196 | €17,270 | -€18,927 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,579 | €1,284 | -€296 | -18.7% |
| Total equity and liabilities | 10/49 | €491,369 | €575,346 | +€83,977 | +17.1% |
| Equity | 10/15 | -€16,070 | -€32,920 | -€16,850 | -105% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,070 | -€124,102 | -€23,032 | -22.8% |
| Investment grants | 15 | - | €6,182 | +€6,182 | |
| Provisions and deferred taxes | 16 | - | €2,061 | +€2,061 | |
| Deferred taxes | 168 | - | €2,061 | +€2,061 | |
| Amounts payable | 17/49 | €507,438 | €606,205 | +€98,767 | +19.5% |
| Amounts payable after more than one year | 17 | €300,517 | €356,555 | +€56,038 | +18.6% |
| Financial debts | 170/4 | €181,243 | €213,042 | +€31,799 | +17.5% |
| Other amounts payable | 178/9 | €119,274 | €143,513 | +€24,239 | +20.3% |
| Amounts payable within one year | 42/48 | €205,319 | €241,178 | +€35,859 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €25,202 | €58,201 | +€32,999 | +131% |
| Financial debts | 43 | - | €3,829 | +€3,829 | |
| Other loans | 439 | - | €3,829 | +€3,829 | |
| Trade debts | 44 | €149,440 | €142,871 | -€6,569 | -4.4% |
| Suppliers | 440/4 | €149,440 | €142,871 | -€6,569 | -4.4% |
| Taxes, remuneration and social security | 45 | €30,677 | €36,277 | +€5,600 | +18.3% |
| Taxes | 450/3 | €2,868 | €6,870 | +€4,002 | +140% |
| Remuneration and social security | 454/9 | €27,809 | €29,407 | +€1,598 | +5.7% |
| Accrued charges and deferred income | 492/3 | €1,602 | €8,472 | +€6,870 | +429% |
| Remuneration, social security and pensions | 62 | €139,084 | €162,701 | +€23,617 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,557 | €66,782 | +€26,225 | +64.7% |
| Other operating charges | 640/8 | €1,503 | €1,715 | +€212 | +14.1% |
| Gross operating margin | 9900 | €184,849 | €227,810 | +€42,961 | +23.2% |
| Operating profit (loss) | 9901 | €3,704 | -€3,388 | -€7,093 | |
| Financial income | 75/76B | €1,994 | €308 | -€1,686 | -84.5% |
| Recurring financial income | 75 | €581 | €1 | -€580 | -99.8% |
| Non-recurring financial income | 76B | €1,413 | €307 | -€1,106 | -78.3% |
| Financial charges | 65/66B | €15,063 | €19,952 | +€4,889 | +32.5% |
| Recurring financial charges | 65 | €15,063 | €19,952 | +€4,889 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,364 | -€23,032 | -€13,668 | -146% |
| Profit (loss) for the period | 9904 | -€9,364 | -€23,032 | -€13,668 | -146% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,364 | -€23,032 | -€13,668 | -146% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.