Dexcels: 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.
Dexcels
Largest movements
- Tangible fixed assets -€18,466
down €18,466 (-14.9%), from €123,993 to €105,527
of which Furniture and vehicles: -€19,487
- Deferred charges and accrued income +€7,814
up €7,814 (+329.5%), from €2,371 to €10,185
- Receivables within one year +€5,356
up €5,356 (+9.0%), from €59,833 to €65,189
of which Other amounts receivable: +€15,445
- Current portion of long-term debt -€21,063
no longer reported in 2025 (was €21,063)
- Profit (loss) carried forward +€20,458
up €20,458 (+29.2%), from €69,957 to €90,415
- Trade debts -€5,451
down €5,451 (-71.0%), from €7,678 to €2,228
- Tax, wage and social debts +€3,855
up €3,855 (+36.6%), from €10,531 to €14,386
of which Taxes: +€6,655
- Debts after one year -€3,171
down €3,171 (-3.7%), from €85,462 to €82,291
- Gross operating margin +€49,426
up €49,426, from -€2,997 to €46,429
- Depreciation +€11,581
up €11,581 (+144.2%), from €8,032 to €19,613
- Taxes +€3,763
up €3,763 (+2453.6%), from €153 to €3,916
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 | €203,071 | €197,379 | -€5,692 | -2.8% |
| Fixed assets | 21/28 | €123,993 | €105,527 | -€18,466 | -14.9% |
| Tangible fixed assets | 22/27 | €123,993 | €105,527 | -€18,466 | -14.9% |
| Plant, machinery and equipment | 23 | - | €1,021 | +€1,021 | |
| Furniture and vehicles | 24 | €123,993 | €104,506 | -€19,487 | -15.7% |
| Current assets | 29/58 | €79,077 | €91,851 | +€12,774 | +16.2% |
| Amounts receivable within one year | 40/41 | €59,833 | €65,189 | +€5,356 | +9.0% |
| Trade receivables | 40 | €37,759 | €27,669 | -€10,089 | -26.7% |
| Other amounts receivable | 41 | €22,074 | €37,519 | +€15,445 | +70.0% |
| Cash at bank and in hand | 54/58 | €16,873 | €16,477 | -€396 | -2.3% |
| Deferred charges and accrued income | 490/1 | €2,371 | €10,185 | +€7,814 | +329.5% |
| Total equity and liabilities | 10/49 | €203,071 | €197,379 | -€5,692 | -2.8% |
| Equity | 10/15 | €78,016 | €98,474 | +€20,458 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,957 | €90,415 | +€20,458 | +29.2% |
| Amounts payable | 17/49 | €125,055 | €98,905 | -€26,150 | -20.9% |
| Amounts payable after more than one year | 17 | €85,462 | €82,291 | -€3,171 | -3.7% |
| Financial debts | 170/4 | €85,462 | €82,291 | -€3,171 | -3.7% |
| Amounts payable within one year | 42/48 | €39,592 | €16,614 | -€22,979 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €21,063 | - | -€21,063 | |
| Trade debts | 44 | €7,678 | €2,228 | -€5,451 | -71.0% |
| Suppliers | 440/4 | €7,678 | €2,228 | -€5,451 | -71.0% |
| Taxes, remuneration and social security | 45 | €10,531 | €14,386 | +€3,855 | +36.6% |
| Taxes | 450/3 | €7,731 | €14,386 | +€6,655 | +86.1% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €320 | - | -€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,032 | €19,613 | +€11,581 | +144.2% |
| Other operating charges | 640/8 | €877 | €969 | +€93 | +10.6% |
| Gross operating margin | 9900 | -€2,997 | €46,429 | +€49,426 | |
| Operating profit (loss) | 9901 | -€11,906 | €25,846 | +€37,752 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,048 | €1,473 | +€425 | +40.5% |
| Recurring financial charges | 65 | €1,048 | €1,473 | +€425 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,954 | €24,374 | +€37,327 | |
| Income taxes | 67/77 | €153 | €3,916 | +€3,763 | +2453.6% |
| Profit (loss) for the period | 9904 | -€13,107 | €20,458 | +€33,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,107 | €20,458 | +€33,565 |
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 10 October 2026 via checked.be.