DETHIER ONTWIKKELING: 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 ONTWIKKELING
Largest movements
- Stocks and contracts +€3.1m
up €3.1m (+41.0%), from €7.5m to €10.6m
of which Stocks: +€2.8m
- Cash +€1.4m
up €1.4m (+490%), from €286,283 to €1.7m
mainly Other debts (+€2.8m) and Trade debts (+€1.1m)
- Receivables within one year -€186,921
down €186,921 (-15.0%), from €1.2m to €1.1m
of which Trade receivables: -€383,390
- Other debts +€2.8m
up €2.8m (+71.8%), from €4.0m to €6.8m
- Trade debts +€1.1m
up €1.1m (+54.1%), from €2.0m to €3.1m
- Reserves +€400,739
up €400,739 (+20.5%), from €2.0m to €2.4m
of which Distributable reserves: +€400,739
- Short-term financial debts -€163,381
no longer reported in 2025 (was €163,381)
- Gross operating margin +€660,995
up €660,995 (+126%), from €522,642 to €1.2m
- Financial charges +€157,261
up €157,261 (+143%), from €109,802 to €267,063
of which Financial charges: +€153,592
- Taxes +€125,570
up €125,570 (+810%), from €15,498 to €141,068
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 | €9,133,135 | €13,441,455 | +€4.3m | +47.2% |
| Fixed assets | 21/28 | €38,778 | €32,296 | -€6,481 | -16.7% |
| Tangible fixed assets | 22/27 | €6,577 | €1,596 | -€4,980 | -75.7% |
| Furniture and vehicles | 24 | €6,577 | €1,596 | -€4,980 | -75.7% |
| Financial fixed assets | 28 | €32,201 | €30,700 | -€1,501 | -4.7% |
| Current assets | 29/58 | €9,094,357 | €13,409,158 | +€4.3m | +47.4% |
| Stocks and contracts in progress | 3 | €7,532,681 | €10,623,053 | +€3.1m | +41.0% |
| Stocks | 30/36 | €237,685 | €3,043,951 | +€2.8m | +1,181% |
| Contracts in progress | 37 | €7,294,997 | €7,579,102 | +€284,106 | +3.9% |
| Amounts receivable within one year | 40/41 | €1,247,624 | €1,060,703 | -€186,921 | -15.0% |
| Trade receivables | 40 | €785,831 | €402,441 | -€383,390 | -48.8% |
| Other amounts receivable | 41 | €461,793 | €658,263 | +€196,469 | +42.5% |
| Cash at bank and in hand | 54/58 | €286,283 | €1,689,785 | +€1.4m | +490% |
| Deferred charges and accrued income | 490/1 | €27,769 | €35,618 | +€7,848 | +28.3% |
| Total equity and liabilities | 10/49 | €9,133,135 | €13,441,455 | +€4.3m | +47.2% |
| Equity | 10/15 | €2,957,483 | €3,358,222 | +€400,739 | +13.5% |
| Contributions | 10/11 | €1,005,000 | €1,005,000 | = | 0.0% |
| Capital | 10 | €1,005,000 | €1,005,000 | = | 0.0% |
| Issued capital | 100 | €1,005,000 | €1,005,000 | = | 0.0% |
| Reserves | 13 | €1,952,483 | €2,353,222 | +€400,739 | +20.5% |
| Non-distributable reserves | 130/1 | €100,500 | €100,500 | = | 0.0% |
| Legal reserve | 130 | €100,500 | €100,500 | = | 0.0% |
| Distributable reserves | 133 | €1,851,983 | €2,252,722 | +€400,739 | +21.6% |
| Amounts payable | 17/49 | €6,175,652 | €10,083,233 | +€3.9m | +63.3% |
| Amounts payable within one year | 42/48 | €6,166,521 | €10,077,466 | +€3.9m | +63.4% |
| Financial debts | 43 | €163,381 | - | -€163,381 | |
| Credit institutions | 430/8 | €163,381 | - | -€163,381 | |
| Trade debts | 44 | €1,983,718 | €3,056,055 | +€1.1m | +54.1% |
| Suppliers | 440/4 | €1,983,718 | €3,056,055 | +€1.1m | +54.1% |
| Advances received on contracts in progress | 46 | - | €123,902 | +€123,902 | |
| Taxes, remuneration and social security | 45 | €59,002 | €94,297 | +€35,295 | +59.8% |
| Taxes | 450/3 | €8,213 | €51,060 | +€42,847 | +522% |
| Remuneration and social security | 454/9 | €50,789 | €43,237 | -€7,552 | -14.9% |
| Other amounts payable | 47/48 | €3,960,420 | €6,803,212 | +€2.8m | +71.8% |
| Accrued charges and deferred income | 492/3 | €9,131 | €5,766 | -€3,364 | -36.8% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €353,436 | €362,578 | +€9,142 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,980 | €4,980 | = | 0.0% |
| Other operating charges | 640/8 | €18,506 | €12,441 | -€6,065 | -32.8% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €522,642 | €1,183,637 | +€660,995 | +126% |
| Operating profit (loss) | 9901 | €145,719 | €803,638 | +€657,919 | +451% |
| Financial income | 75/76B | €27 | €5,232 | +€5,205 | +19,234% |
| Recurring financial income | 75 | €27 | €3,733 | +€3,706 | +13,695% |
| Non-recurring financial income | 76B | - | €1,499 | +€1,499 | |
| Financial charges | 65/66B | €109,802 | €267,063 | +€157,261 | +143% |
| Recurring financial charges | 65 | €109,802 | €263,394 | +€153,592 | +140% |
| Non-recurring financial charges | 66B | - | €3,670 | +€3,670 | |
| Profit (loss) for the period before taxes | 9903 | €35,944 | €541,807 | +€505,863 | +1,407% |
| Income taxes | 67/77 | €15,498 | €141,068 | +€125,570 | +810% |
| Profit (loss) for the period | 9904 | €20,446 | €400,739 | +€380,293 | +1,860% |
| Profit (loss) for the period to be appropriated | 9905 | €20,446 | €400,739 | +€380,293 | +1,860% |
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 20 October 2026 via checked.be.