DEX2: 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.
DEX2
Largest movements
- Cash +€20,171
up €20,171 (+83.5%), from €24,167 to €44,338
mainly Depreciation (+€14,142) and Net result for the year (+€11,697)
- Tangible fixed assets -€14,023
down €14,023 (-4.5%), from €315,055 to €301,031
of which Land and buildings: -€8,326
- Profit (loss) carried forward +€9,697
up €9,697 (+8.8%), from €110,412 to €120,109
- Other debts -€9,000
down €9,000 (-23.9%), from €37,612 to €28,612
- Tax, wage and social debts +€3,997
up €3,997 (+44.4%), from €9,006 to €13,003
- Gross operating margin -€39,123
down €39,123 (-53.7%), from €72,832 to €33,710
- Taxes -€10,542
down €10,542 (-66.5%), from €15,847 to €5,305
- Depreciation -€3,871
down €3,871 (-21.5%), from €18,013 to €14,142
- Financial charges -€1,266
down €1,266 (-78.0%), from €1,623 to €357
- Other operating charges +€979
up €979 (+69.8%), from €1,403 to €2,382
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 | €344,676 | €347,998 | +€3,322 | +1.0% |
| Fixed assets | 21/28 | €315,588 | €301,446 | -€14,142 | -4.5% |
| Intangible fixed assets | 21 | €533 | €414 | -€119 | -22.3% |
| Tangible fixed assets | 22/27 | €315,055 | €301,031 | -€14,023 | -4.5% |
| Land and buildings | 22 | €297,399 | €289,073 | -€8,326 | -2.8% |
| Furniture and vehicles | 24 | €17,656 | €11,959 | -€5,697 | -32.3% |
| Current assets | 29/58 | €29,088 | €46,552 | +€17,464 | +60.0% |
| Amounts receivable within one year | 40/41 | €3,155 | €356 | -€2,799 | -88.7% |
| Trade receivables | 40 | €1,214 | €356 | -€858 | -70.7% |
| Other amounts receivable | 41 | €1,941 | - | -€1,941 | |
| Cash at bank and in hand | 54/58 | €24,167 | €44,338 | +€20,171 | +83.5% |
| Deferred charges and accrued income | 490/1 | €1,766 | €1,858 | +€92 | +5.2% |
| Total equity and liabilities | 10/49 | €344,676 | €347,998 | +€3,322 | +1.0% |
| Equity | 10/15 | €206,441 | €216,137 | +€9,697 | +4.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €77,478 | €77,478 | = | 0.0% |
| Distributable reserves | 133 | €77,478 | €77,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,412 | €120,109 | +€9,697 | +8.8% |
| Amounts payable | 17/49 | €138,235 | €131,860 | -€6,374 | -4.6% |
| Amounts payable after more than one year | 17 | €85,928 | €85,928 | = | 0.0% |
| Other amounts payable | 178/9 | €85,928 | €85,928 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,307 | €45,932 | -€6,374 | -12.2% |
| Trade debts | 44 | €1,863 | €491 | -€1,372 | -73.6% |
| Suppliers | 440/4 | €1,863 | €491 | -€1,372 | -73.6% |
| Advances received on contracts in progress | 46 | €3,826 | €3,826 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,006 | €13,003 | +€3,997 | +44.4% |
| Taxes | 450/3 | €9,006 | €13,003 | +€3,997 | +44.4% |
| Other amounts payable | 47/48 | €37,612 | €28,612 | -€9,000 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,013 | €14,142 | -€3,871 | -21.5% |
| Other operating charges | 640/8 | €1,403 | €2,382 | +€979 | +69.8% |
| Gross operating margin | 9900 | €72,832 | €33,710 | -€39,123 | -53.7% |
| Operating profit (loss) | 9901 | €53,416 | €17,186 | -€36,230 | -67.8% |
| Financial income | 75/76B | €149 | €172 | +€24 | +15.8% |
| Recurring financial income | 75 | €149 | €172 | +€24 | +15.8% |
| Financial charges | 65/66B | €1,623 | €357 | -€1,266 | -78.0% |
| Recurring financial charges | 65 | €1,623 | €357 | -€1,266 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €51,942 | €17,001 | -€34,940 | -67.3% |
| Income taxes | 67/77 | €15,847 | €5,305 | -€10,542 | -66.5% |
| Profit (loss) for the period | 9904 | €36,095 | €11,697 | -€24,398 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,095 | €11,697 | -€24,398 | -67.6% |
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 7 October 2026 via checked.be.