DETEMA: 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.
DETEMA
Largest movements
- Tangible fixed assets +€464,039
up €464,039 (+659.0%), from €70,419 to €534,459
of which Land and buildings: +€451,483
- Receivables within one year +€27,253
up €27,253 (+187.4%), from €14,539 to €41,792
of which Trade receivables: +€28,394
- Cash +€16,891
up €16,891 (+12.8%), from €132,267 to €149,159
mainly Debts after one year (+€412,580) and Depreciation (+€32,420)
- Stocks and contracts -€10,538
down €10,538 (-8.4%), from €126,019 to €115,481
- Debts after one year +€412,580
new in 2025: €412,580
- Reserves +€29,906
up €29,906 (+14.8%), from €202,057 to €231,964
of which Distributable reserves: +€32,142
- Trade debts +€24,871
up €24,871 (+332.3%), from €7,484 to €32,355
- Current portion of long-term debt +€22,759
new in 2025: €22,759
- Advances received -€13,999
no longer reported in 2025 (was €13,999)
- Other operating charges +€56,950
up €56,950 (+2266.5%), from €2,513 to €59,462
- Gross operating margin +€53,860
up €53,860 (+41.5%), from €129,818 to €183,678
- Staff costs +€30,139
up €30,139 (+747.0%), from €4,035 to €34,173
- Financial charges +€14,952
up €14,952 (+243.4%), from €6,144 to €21,096
of which Financial charges: +€14,851
- Taxes -€14,183
down €14,183 (-53.6%), from €26,455 to €12,272
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 | €348,568 | €847,426 | +€498,857 | +143.1% |
| Fixed assets | 21/28 | €72,741 | €536,005 | +€463,264 | +636.9% |
| Intangible fixed assets | 21 | €2,321 | €1,546 | -€775 | -33.4% |
| Tangible fixed assets | 22/27 | €70,419 | €534,459 | +€464,039 | +659.0% |
| Land and buildings | 22 | - | €451,483 | +€451,483 | |
| Plant, machinery and equipment | 23 | €39,956 | €46,316 | +€6,361 | +15.9% |
| Furniture and vehicles | 24 | €20,234 | €27,850 | +€7,616 | +37.6% |
| Other tangible fixed assets | 26 | €10,230 | €8,809 | -€1,420 | -13.9% |
| Current assets | 29/58 | €275,828 | €311,421 | +€35,593 | +12.9% |
| Stocks and contracts in progress | 3 | €126,019 | €115,481 | -€10,538 | -8.4% |
| Stocks | 30/36 | €126,019 | €115,481 | -€10,538 | -8.4% |
| Amounts receivable within one year | 40/41 | €14,539 | €41,792 | +€27,253 | +187.4% |
| Trade receivables | 40 | €13,389 | €41,783 | +€28,394 | +212.1% |
| Other amounts receivable | 41 | €1,150 | €9 | -€1,140 | -99.2% |
| Cash at bank and in hand | 54/58 | €132,267 | €149,159 | +€16,891 | +12.8% |
| Deferred charges and accrued income | 490/1 | €3,003 | €4,990 | +€1,987 | +66.2% |
| Total equity and liabilities | 10/49 | €348,568 | €847,426 | +€498,857 | +143.1% |
| Equity | 10/15 | €224,920 | €254,827 | +€29,906 | +13.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €202,057 | €231,964 | +€29,906 | +14.8% |
| Tax-exempt reserves | 132 | €2,958 | €723 | -€2,235 | -75.6% |
| Distributable reserves | 133 | €199,099 | €231,241 | +€32,142 | +16.1% |
| Profit (loss) carried forward | 14 | €2,403 | €2,403 | = | 0.0% |
| Provisions and deferred taxes | 16 | €740 | €181 | -€559 | -75.6% |
| Deferred taxes | 168 | €740 | €181 | -€559 | -75.6% |
| Amounts payable | 17/49 | €122,909 | €592,419 | +€469,510 | +382.0% |
| Amounts payable after more than one year | 17 | - | €412,580 | +€412,580 | |
| Financial debts | 170/4 | - | €412,580 | +€412,580 | |
| Amounts payable within one year | 42/48 | €122,214 | €179,110 | +€56,897 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | - | €22,759 | +€22,759 | |
| Trade debts | 44 | €7,484 | €32,355 | +€24,871 | +332.3% |
| Suppliers | 440/4 | €7,484 | €32,355 | +€24,871 | +332.3% |
| Advances received on contracts in progress | 46 | €13,999 | - | -€13,999 | |
| Taxes, remuneration and social security | 45 | €10,865 | €21,777 | +€10,912 | +100.4% |
| Taxes | 450/3 | €10,865 | €18,690 | +€7,825 | +72.0% |
| Remuneration and social security | 454/9 | - | €3,087 | +€3,087 | |
| Other amounts payable | 47/48 | €89,866 | €102,219 | +€12,353 | +13.7% |
| Accrued charges and deferred income | 492/3 | €695 | €728 | +€34 | +4.9% |
| Remuneration, social security and pensions | 62 | €4,035 | €34,173 | +€30,139 | +747.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,187 | €32,420 | +€6,234 | +23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €302 | - | -€302 | |
| Other operating charges | 640/8 | €2,513 | €59,462 | +€56,950 | +2266.5% |
| Gross operating margin | 9900 | €129,818 | €183,678 | +€53,860 | +41.5% |
| Operating profit (loss) | 9901 | €96,782 | €57,622 | -€39,160 | -40.5% |
| Financial income | 75/76B | €384 | €5,092 | +€4,709 | +1227.3% |
| Recurring financial income | 75 | €136 | €219 | +€83 | +61.4% |
| Non-recurring financial income | 76B | €248 | €4,873 | +€4,625 | +1865.6% |
| Financial charges | 65/66B | €6,144 | €21,096 | +€14,952 | +243.4% |
| Recurring financial charges | 65 | €6,144 | €20,995 | +€14,851 | +241.7% |
| Non-recurring financial charges | 66B | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | €91,022 | €41,619 | -€49,403 | -54.3% |
| Transfer from deferred taxes | 780 | €559 | €559 | = | 0.0% |
| Income taxes | 67/77 | €26,455 | €12,272 | -€14,183 | -53.6% |
| Profit (loss) for the period | 9904 | €65,126 | €29,906 | -€35,220 | -54.1% |
| Transfer from tax-exempt reserves | 789 | €2,235 | €2,235 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,361 | €32,142 | -€35,220 | -52.3% |
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 7 October 2026 via checked.be.