DEUSE GROUP: 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.
DEUSE GROUP
Largest movements
- Cash +€107,824
new in 2025: €107,824
mainly Debts after one year (+€134,041) and Net result for the year (+€112,212)
- Tangible fixed assets +€103,905
up €103,905 (+5.6%), from €1.8m to €1.9m
of which Furniture and vehicles: +€52,833
- Financial fixed assets +€80,000
up €80,000 (+6.2%), from €1.3m to €1.4m
- Deferred charges and accrued income +€75,397
up €75,397 (+628.7%), from €11,992 to €87,389
- Receivables within one year -€73,524
down €73,524 (-98.3%), from €74,769 to €1,244
of which Trade receivables: -€74,769
- Debts after one year +€134,041
up €134,041 (+8.9%), from €1.5m to €1.6m
- Profit (loss) carried forward +€112,212
up €112,212 (+1099.0%), from €10,210 to €122,422
- Other debts -€43,230
down €43,230 (-27.9%), from €154,708 to €111,477
- Accrued charges and deferred income +€36,725
new in 2025: €36,725
- Gross operating margin +€205,908
up €205,908 (+251.8%), from €81,783 to €287,690
- Depreciation +€54,362
up €54,362 (+107.1%), from €50,781 to €105,143
- Staff costs +€34,513
new in 2025: €34,513
- Financial charges +€30,270
up €30,270 (+57.1%), from €53,052 to €83,321
- Financial income +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
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 | €3,243,838 | €3,519,354 | +€275,516 | +8.5% |
| Fixed assets | 21/28 | €3,138,992 | €3,322,897 | +€183,905 | +5.9% |
| Tangible fixed assets | 22/27 | €1,845,992 | €1,949,897 | +€103,905 | +5.6% |
| Land and buildings | 22 | €1,795,285 | €1,846,890 | +€51,605 | +2.9% |
| Plant, machinery and equipment | 23 | €7,867 | €7,333 | -€533 | -6.8% |
| Furniture and vehicles | 24 | €42,841 | €95,673 | +€52,833 | +123.3% |
| Financial fixed assets | 28 | €1,293,000 | €1,373,000 | +€80,000 | +6.2% |
| Current assets | 29/58 | €104,846 | €196,457 | +€91,612 | +87.4% |
| Amounts receivable within one year | 40/41 | €74,769 | €1,244 | -€73,524 | -98.3% |
| Trade receivables | 40 | €74,769 | - | -€74,769 | |
| Other amounts receivable | 41 | - | €1,244 | +€1,244 | |
| Current investments | 50/53 | €18,085 | - | -€18,085 | |
| Cash at bank and in hand | 54/58 | - | €107,824 | +€107,824 | |
| Deferred charges and accrued income | 490/1 | €11,992 | €87,389 | +€75,397 | +628.7% |
| Total equity and liabilities | 10/49 | €3,243,838 | €3,519,354 | +€275,516 | +8.5% |
| Equity | 10/15 | €1,208,210 | €1,320,422 | +€112,212 | +9.3% |
| Contributions | 10/11 | €1,198,000 | €1,198,000 | = | 0.0% |
| Capital | 10 | €1,198,000 | €1,198,000 | = | 0.0% |
| Issued capital | 100 | €1,198,000 | €1,198,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,210 | €122,422 | +€112,212 | +1099.0% |
| Amounts payable | 17/49 | €2,035,628 | €2,198,932 | +€163,305 | +8.0% |
| Amounts payable after more than one year | 17 | €1,505,117 | €1,639,157 | +€134,041 | +8.9% |
| Financial debts | 170/4 | €1,505,117 | €1,639,157 | +€134,041 | +8.9% |
| Amounts payable within one year | 42/48 | €530,511 | €523,050 | -€7,461 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €90,382 | €122,833 | +€32,450 | +35.9% |
| Financial debts | 43 | €199,702 | €192,297 | -€7,405 | -3.7% |
| Credit institutions | 430/8 | €199,702 | €192,297 | -€7,405 | -3.7% |
| Trade debts | 44 | €70,644 | €49,632 | -€21,011 | -29.7% |
| Suppliers | 440/4 | €70,644 | €49,632 | -€21,011 | -29.7% |
| Taxes, remuneration and social security | 45 | €15,076 | €46,812 | +€31,735 | +210.5% |
| Taxes | 450/3 | €15,076 | €46,448 | +€31,371 | +208.1% |
| Remuneration and social security | 454/9 | - | €364 | +€364 | |
| Other amounts payable | 47/48 | €154,708 | €111,477 | -€43,230 | -27.9% |
| Accrued charges and deferred income | 492/3 | - | €36,725 | +€36,725 | |
| Non-recurring operating income | 76A | €2,429 | - | -€2,429 | |
| Remuneration, social security and pensions | 62 | - | €34,513 | +€34,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,781 | €105,143 | +€54,362 | +107.1% |
| Other operating charges | 640/8 | €24,766 | €25,475 | +€709 | +2.9% |
| Gross operating margin | 9900 | €81,783 | €287,690 | +€205,908 | +251.8% |
| Operating profit (loss) | 9901 | €6,236 | €122,559 | +€116,324 | +1865.5% |
| Financial income | 75/76B | €60,000 | €70,000 | +€10,000 | +16.7% |
| Recurring financial income | 75 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Financial charges | 65/66B | €53,052 | €83,321 | +€30,270 | +57.1% |
| Recurring financial charges | 65 | €53,052 | €83,321 | +€30,270 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €13,184 | €109,238 | +€96,054 | +728.6% |
| Income taxes | 67/77 | €2,974 | -€2,974 | -€5,948 | |
| Profit (loss) for the period | 9904 | €10,210 | €112,212 | +€102,002 | +999.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,210 | €112,212 | +€102,002 | +999.0% |
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 29 September 2026 via checked.be.