DETHIER GROUP: 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.
DETHIER GROUP
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+224%), from €697,354 to €2.3m
of which Trade receivables: +€1.5m
- Current investments -€282,683
down €282,683 (-31.7%), from €891,172 to €608,488
- Receivables after one year +€240,000
new in 2025: €240,000
- Cash -€106,581
down €106,581 (-40.6%), from €262,686 to €156,105
mainly Receivables within one year (-€1.6m) and Receivables after one year (-€240,000)
- Tangible fixed assets -€69,278
down €69,278 (-26.2%), from €264,167 to €194,889
of which Furniture and vehicles: -€65,730
- Trade debts +€908,026
up €908,026 (+226%), from €401,669 to €1.3m
- Reserves +€398,923
up €398,923 (+43.3%), from €921,172 to €1.3m
of which Tax-exempt reserves: +€848,488
- Other debts -€168,597
down €168,597 (-35.5%), from €475,165 to €306,568
- Tax, wage and social debts +€71,513
up €71,513 (+21.6%), from €331,122 to €402,635
of which Remuneration and social security: +€70,393
- Current portion of long-term debt +€66,293
up €66,293 (+107%), from €61,830 to €128,124
- Staff costs +€464,750
up €464,750 (+24.1%), from €1.9m to €2.4m
- Gross operating margin +€222,072
up €222,072 (+7.9%), from €2.8m to €3.0m
- Taxes -€88,982
down €88,982 (-38.2%), from €233,003 to €144,021
- Financial income -€41,560
down €41,560 (-60.7%), from €68,459 to €26,900
of which Financial income: -€51,062
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 | €2,807,540 | €4,087,598 | +€1.3m | +45.6% |
| Fixed assets | 21/28 | €357,826 | €288,548 | -€69,278 | -19.4% |
| Tangible fixed assets | 22/27 | €264,167 | €194,889 | -€69,278 | -26.2% |
| Plant, machinery and equipment | 23 | €3,548 | - | -€3,548 | |
| Furniture and vehicles | 24 | €260,619 | €194,889 | -€65,730 | -25.2% |
| Financial fixed assets | 28 | €93,659 | €93,659 | = | 0.0% |
| Current assets | 29/58 | €2,449,713 | €3,799,049 | +€1.3m | +55.1% |
| Amounts receivable after more than one year | 29 | - | €240,000 | +€240,000 | |
| Other amounts receivable | 291 | - | €240,000 | +€240,000 | |
| Stocks and contracts in progress | 3 | €598,238 | €533,044 | -€65,194 | -10.9% |
| Stocks | 30/36 | €598,238 | €533,044 | -€65,194 | -10.9% |
| Amounts receivable within one year | 40/41 | €697,354 | €2,261,412 | +€1.6m | +224% |
| Trade receivables | 40 | €653,899 | €2,164,841 | +€1.5m | +231% |
| Other amounts receivable | 41 | €43,456 | €96,571 | +€53,115 | +122% |
| Current investments | 50/53 | €891,172 | €608,488 | -€282,683 | -31.7% |
| Cash at bank and in hand | 54/58 | €262,686 | €156,105 | -€106,581 | -40.6% |
| Deferred charges and accrued income | 490/1 | €263 | - | -€263 | |
| Total equity and liabilities | 10/49 | €2,807,540 | €4,087,598 | +€1.3m | +45.6% |
| Equity | 10/15 | €1,430,021 | €1,828,945 | +€398,923 | +27.9% |
| Contributions | 10/11 | €508,359 | €508,359 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,359 | €8,359 | = | 0.0% |
| Share premium | 1100/10 | €8,359 | €8,359 | = | 0.0% |
| Reserves | 13 | €921,172 | €1,320,095 | +€398,923 | +43.3% |
| Non-distributable reserves | 130/1 | €441,172 | €50,000 | -€391,172 | -88.7% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Own shares acquired | 1312 | €391,172 | - | -€391,172 | |
| Tax-exempt reserves | 132 | - | €848,488 | +€848,488 | |
| Distributable reserves | 133 | €480,000 | €421,607 | -€58,393 | -12.2% |
| Profit (loss) carried forward | 14 | €491 | €491 | = | 0.0% |
| Amounts payable | 17/49 | €1,377,518 | €2,258,653 | +€881,135 | +64.0% |
| Amounts payable after more than one year | 17 | €103,298 | €102,752 | -€545 | -0.5% |
| Financial debts | 170/4 | €103,298 | €102,752 | -€545 | -0.5% |
| Amounts payable within one year | 42/48 | €1,269,786 | €2,147,021 | +€877,235 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €61,830 | €128,124 | +€66,293 | +107% |
| Trade debts | 44 | €401,669 | €1,309,694 | +€908,026 | +226% |
| Suppliers | 440/4 | €401,669 | €1,309,694 | +€908,026 | +226% |
| Taxes, remuneration and social security | 45 | €331,122 | €402,635 | +€71,513 | +21.6% |
| Taxes | 450/3 | €219,747 | €220,867 | +€1,120 | +0.5% |
| Remuneration and social security | 454/9 | €111,375 | €181,768 | +€70,393 | +63.2% |
| Other amounts payable | 47/48 | €475,165 | €306,568 | -€168,597 | -35.5% |
| Accrued charges and deferred income | 492/3 | €4,434 | €8,880 | +€4,445 | +100% |
| Non-recurring operating income | 76A | €7,500 | €3,413 | -€4,087 | -54.5% |
| Remuneration, social security and pensions | 62 | €1,930,392 | €2,395,142 | +€464,750 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,420 | €71,926 | -€11,494 | -13.8% |
| Other operating charges | 640/8 | €13,445 | €8,288 | -€5,157 | -38.4% |
| Non-recurring operating charges | 66A | €2,946 | €16,799 | +€13,853 | +470% |
| Gross operating margin | 9900 | €2,819,800 | €3,041,872 | +€222,072 | +7.9% |
| Operating profit (loss) | 9901 | €789,597 | €549,718 | -€239,879 | -30.4% |
| Financial income | 75/76B | €68,459 | €26,900 | -€41,560 | -60.7% |
| Recurring financial income | 75 | €68,459 | €17,397 | -€51,062 | -74.6% |
| Non-recurring financial income | 76B | - | €9,502 | +€9,502 | |
| Financial charges | 65/66B | €23,902 | €33,673 | +€9,771 | +40.9% |
| Recurring financial charges | 65 | €23,902 | €33,673 | +€9,771 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €834,154 | €542,945 | -€291,210 | -34.9% |
| Income taxes | 67/77 | €233,003 | €144,021 | -€88,982 | -38.2% |
| Profit (loss) for the period | 9904 | €601,151 | €398,923 | -€202,228 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €601,151 | €398,923 | -€202,228 | -33.6% |
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 14 October 2026 via checked.be.