Dewandel Steve: 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.
Dewandel Steve
Largest movements
- Cash -€36,971
down €36,971 (-66.8%), from €55,382 to €18,412
mainly Contributions, distributions and other (-€62,907) and Other debts (-€58,568)
- Tangible fixed assets -€7,259
down €7,259 (-54.5%), from €13,320 to €6,061
of which Plant, machinery and equipment: -€5,337
- Receivables within one year -€6,810
down €6,810 (-37.8%), from €18,028 to €11,218
of which Trade receivables: -€3,590
- Other debts -€58,568
down €58,568 (-85.4%), from €68,620 to €10,052
- Trade debts +€3,851
up €3,851 (+472.9%), from €814 to €4,666
- Tax, wage and social debts +€3,639
up €3,639 (+18.0%), from €20,195 to €23,834
of which Remuneration and social security: +€2,420
- Gross operating margin +€32,561
up €32,561 (+48.7%), from €66,831 to €99,392
- Taxes +€13,955
up €13,955 (+109.4%), from €12,754 to €26,709
- Staff costs +€1,771
new in 2025: €1,771
- Financial income -€1,592
down €1,592 (-84.1%), from €1,894 to €302
- Depreciation +€1,220
up €1,220 (+20.2%), from €6,038 to €7,259
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 | €91,630 | €40,553 | -€51,077 | -55.7% |
| Fixed assets | 21/28 | €13,320 | €6,061 | -€7,259 | -54.5% |
| Tangible fixed assets | 22/27 | €13,320 | €6,061 | -€7,259 | -54.5% |
| Plant, machinery and equipment | 23 | €7,742 | €2,405 | -€5,337 | -68.9% |
| Furniture and vehicles | 24 | €5,578 | €3,656 | -€1,921 | -34.4% |
| Current assets | 29/58 | €78,310 | €34,492 | -€43,818 | -56.0% |
| Stocks and contracts in progress | 3 | €1,265 | €810 | -€455 | -36.0% |
| Stocks | 30/36 | €1,265 | €810 | -€455 | -36.0% |
| Amounts receivable within one year | 40/41 | €18,028 | €11,218 | -€6,810 | -37.8% |
| Trade receivables | 40 | €10,278 | €6,687 | -€3,590 | -34.9% |
| Other amounts receivable | 41 | €7,750 | €4,530 | -€3,220 | -41.5% |
| Cash at bank and in hand | 54/58 | €55,382 | €18,412 | -€36,971 | -66.8% |
| Deferred charges and accrued income | 490/1 | €3,635 | €4,053 | +€418 | +11.5% |
| Total equity and liabilities | 10/49 | €91,630 | €40,553 | -€51,077 | -55.7% |
| Equity | 10/15 | €1 | €1 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €91,629 | €40,552 | -€51,077 | -55.7% |
| Amounts payable within one year | 42/48 | €89,629 | €38,552 | -€51,077 | -57.0% |
| Trade debts | 44 | €814 | €4,666 | +€3,851 | +472.9% |
| Suppliers | 440/4 | €814 | €4,666 | +€3,851 | +472.9% |
| Taxes, remuneration and social security | 45 | €20,195 | €23,834 | +€3,639 | +18.0% |
| Taxes | 450/3 | €20,195 | €21,414 | +€1,219 | +6.0% |
| Remuneration and social security | 454/9 | - | €2,420 | +€2,420 | |
| Other amounts payable | 47/48 | €68,620 | €10,052 | -€58,568 | -85.4% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,771 | +€1,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,038 | €7,259 | +€1,220 | +20.2% |
| Other operating charges | 640/8 | €765 | €786 | +€21 | +2.7% |
| Gross operating margin | 9900 | €66,831 | €99,392 | +€32,561 | +48.7% |
| Operating profit (loss) | 9901 | €60,027 | €89,576 | +€29,549 | +49.2% |
| Financial income | 75/76B | €1,894 | €302 | -€1,592 | -84.1% |
| Recurring financial income | 75 | €1,894 | €302 | -€1,592 | -84.1% |
| Financial charges | 65/66B | €925 | €263 | -€662 | -71.6% |
| Recurring financial charges | 65 | €925 | €263 | -€662 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €60,996 | €89,616 | +€28,619 | +46.9% |
| Income taxes | 67/77 | €12,754 | €26,709 | +€13,955 | +109.4% |
| Profit (loss) for the period | 9904 | €48,243 | €62,907 | +€14,664 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,243 | €62,907 | +€14,664 | +30.4% |
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 11 October 2026 via checked.be.