DETEMMERMAN: 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.
DETEMMERMAN
Largest movements
- Receivables within one year -€29,494
down €29,494 (-20.0%), from €147,831 to €118,337
of which Trade receivables: -€29,871
- Cash -€24,210
down €24,210 (-5.9%), from €413,403 to €389,194
mainly Investment in fixed assets (net) (-€49,677) and Contributions, distributions and other (-€39,120)
- Reserves -€36,120
down €36,120 (-15.1%), from €240,000 to €203,880
- Debts after one year -€29,025
down €29,025 (-45.9%), from €63,281 to €34,255
- Other debts +€27,392
up €27,392 (+227%), from €12,092 to €39,484
- Tax, wage and social debts -€21,990
down €21,990 (-33.5%), from €65,632 to €43,642
of which Taxes: -€23,819
- Gross operating margin -€59,240
down €59,240 (-19.2%), from €308,408 to €249,168
- Taxes -€29,102
down €29,102 (-84.3%), from €34,520 to €5,417
- Staff costs +€21,496
up €21,496 (+12.8%), from €167,675 to €189,171
- Depreciation +€3,567
up €3,567 (+9.2%), from €38,670 to €42,237
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.
Derived cash bridge
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 | €1,093,441 | €1,046,731 | -€46,710 | -4.3% |
| Fixed assets | 21/28 | €310,301 | €317,741 | +€7,440 | +2.4% |
| Tangible fixed assets | 22/27 | €309,841 | €317,281 | +€7,440 | +2.4% |
| Land and buildings | 22 | €210,423 | €198,086 | -€12,336 | -5.9% |
| Plant, machinery and equipment | 23 | €73,377 | €86,044 | +€12,667 | +17.3% |
| Furniture and vehicles | 24 | €24,920 | €32,403 | +€7,483 | +30.0% |
| Other tangible fixed assets | 26 | €1,122 | €748 | -€374 | -33.3% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €783,140 | €728,990 | -€54,150 | -6.9% |
| Stocks and contracts in progress | 3 | €16,524 | €16,078 | -€446 | -2.7% |
| Stocks | 30/36 | €16,524 | €16,078 | -€446 | -2.7% |
| Amounts receivable within one year | 40/41 | €147,831 | €118,337 | -€29,494 | -20.0% |
| Trade receivables | 40 | €147,831 | €117,960 | -€29,871 | -20.2% |
| Other amounts receivable | 41 | - | €377 | +€377 | |
| Current investments | 50/53 | €205,382 | €205,382 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €413,403 | €389,194 | -€24,210 | -5.9% |
| Total equity and liabilities | 10/49 | €1,093,441 | €1,046,731 | -€46,710 | -4.3% |
| Equity | 10/15 | €890,085 | €856,747 | -€33,337 | -3.7% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €240,000 | €203,880 | -€36,120 | -15.1% |
| Distributable reserves | 133 | €240,000 | €203,880 | -€36,120 | -15.1% |
| Profit (loss) carried forward | 14 | €622,585 | €625,367 | +€2,783 | +0.4% |
| Amounts payable | 17/49 | €203,357 | €189,984 | -€13,373 | -6.6% |
| Amounts payable after more than one year | 17 | €63,281 | €34,255 | -€29,025 | -45.9% |
| Financial debts | 170/4 | €63,281 | €34,255 | -€29,025 | -45.9% |
| Amounts payable within one year | 42/48 | €140,076 | €155,729 | +€15,653 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €28,804 | €29,025 | +€221 | +0.8% |
| Trade debts | 44 | €33,547 | €43,577 | +€10,029 | +29.9% |
| Suppliers | 440/4 | €33,547 | €43,577 | +€10,029 | +29.9% |
| Taxes, remuneration and social security | 45 | €65,632 | €43,642 | -€21,990 | -33.5% |
| Taxes | 450/3 | €47,321 | €23,503 | -€23,819 | -50.3% |
| Remuneration and social security | 454/9 | €18,311 | €20,140 | +€1,829 | +10.0% |
| Other amounts payable | 47/48 | €12,092 | €39,484 | +€27,392 | +227% |
| Remuneration, social security and pensions | 62 | €167,675 | €189,171 | +€21,496 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,670 | €42,237 | +€3,567 | +9.2% |
| Other operating charges | 640/8 | €4,629 | €4,783 | +€154 | +3.3% |
| Non-recurring operating charges | 66A | €113 | - | -€113 | |
| Gross operating margin | 9900 | €308,408 | €249,168 | -€59,240 | -19.2% |
| Operating profit (loss) | 9901 | €97,321 | €12,977 | -€84,344 | -86.7% |
| Financial charges | 65/66B | €2,413 | €1,777 | -€636 | -26.4% |
| Recurring financial charges | 65 | €2,413 | €1,777 | -€636 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €94,908 | €11,200 | -€83,708 | -88.2% |
| Income taxes | 67/77 | €34,520 | €5,417 | -€29,102 | -84.3% |
| Profit (loss) for the period | 9904 | €60,389 | €5,783 | -€54,606 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,389 | €5,783 | -€54,606 | -90.4% |
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 24 October 2026 via checked.be.