dEUS: 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.
dEUS
Largest movements
- Deferred charges and accrued income +€20,357
new in 2025: €20,357
- Cash +€8,566
up €8,566 (+218.0%), from €3,929 to €12,496
mainly Trade debts (+€20,118) and Receivables within one year (+€6,649)
- Receivables within one year -€6,649
down €6,649 (-34.0%), from €19,533 to €12,884
of which Trade receivables: -€9,058
- Tangible fixed assets -€3,985
down €3,985 (-53.3%), from €7,471 to €3,486
of which Plant, machinery and equipment: -€3,530
- Trade debts +€20,118
up €20,118 (+217.7%), from €9,243 to €29,361
- Accrued charges and deferred income -€2,423
no longer reported in 2025 (was €2,423)
- Gross operating margin +€21,097
up €21,097, from -€13,522 to €7,576
- Depreciation -€982
down €982 (-16.6%), from €5,907 to €4,925
- Other operating charges -€159
down €159 (-20.3%), from €784 to €625
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 | €61,409 | €79,222 | +€17,813 | +29.0% |
| Fixed assets | 21/28 | €7,947 | €3,486 | -€4,462 | -56.1% |
| Tangible fixed assets | 22/27 | €7,471 | €3,486 | -€3,985 | -53.3% |
| Plant, machinery and equipment | 23 | €5,867 | €2,336 | -€3,530 | -60.2% |
| Furniture and vehicles | 24 | €1,604 | €1,149 | -€455 | -28.3% |
| Financial fixed assets | 28 | €477 | - | -€477 | |
| Current assets | 29/58 | €53,462 | €75,737 | +€22,275 | +41.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,533 | €12,884 | -€6,649 | -34.0% |
| Trade receivables | 40 | €9,058 | - | -€9,058 | |
| Other amounts receivable | 41 | €10,475 | €12,884 | +€2,408 | +23.0% |
| Cash at bank and in hand | 54/58 | €3,929 | €12,496 | +€8,566 | +218.0% |
| Deferred charges and accrued income | 490/1 | - | €20,357 | +€20,357 | |
| Total equity and liabilities | 10/49 | €61,409 | €79,222 | +€17,813 | +29.0% |
| Equity | 10/15 | €49,534 | €49,861 | +€326 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,959 | €29,286 | +€326 | +1.1% |
| Amounts payable | 17/49 | €11,875 | €29,361 | +€17,486 | +147.3% |
| Amounts payable within one year | 42/48 | €9,453 | €29,361 | +€19,909 | +210.6% |
| Financial debts | 43 | €210 | - | -€210 | |
| Credit institutions | 430/8 | €210 | - | -€210 | |
| Trade debts | 44 | €9,243 | €29,361 | +€20,118 | +217.7% |
| Suppliers | 440/4 | €9,243 | €29,361 | +€20,118 | +217.7% |
| Accrued charges and deferred income | 492/3 | €2,423 | - | -€2,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,907 | €4,925 | -€982 | -16.6% |
| Other operating charges | 640/8 | €784 | €625 | -€159 | -20.3% |
| Gross operating margin | 9900 | -€13,522 | €7,576 | +€21,097 | |
| Operating profit (loss) | 9901 | -€20,213 | €2,025 | +€22,238 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,678 | €1,699 | +€21 | +1.3% |
| Recurring financial charges | 65 | €1,678 | €1,699 | +€21 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,891 | €326 | +€22,217 | |
| Profit (loss) for the period | 9904 | -€21,891 | €326 | +€22,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,891 | €326 | +€22,217 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.