DEXIN: 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.
What changed
DEXIN
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€3.8m
2023 · -€625,269-€3.1m
Equity
€9.8m
2023 · €10.7m-€941,724
Cash
€1.2m
2023 · €74,382+€1.1m
Balance sheet total
€52.8m
2023 · €76.0m-€23.2m
Largest movements
Assets
- Stocks and contracts -€18.2m
down €18.2m (-47.1%), from €38.7m to €20.4m
- Financial fixed assets -€7.9m
down €7.9m (-53.5%), from €14.7m to €6.8m
of which Affiliated companies: -€7.9m
- Receivables within one year +€3.8m
up €3.8m (+20.6%), from €18.6m to €22.5m
of which Other amounts receivable: +€3.4m
- Deferred charges and accrued income -€2.1m
down €2.1m (-83.9%), from €2.4m to €394,042
- Cash +€1.1m
up €1.1m (+1480.4%), from €74,382 to €1.2m
mainly Stocks and contracts (+€18.2m) and Depreciation (+€4.6m)
Equity and liabilities
- Debts after one year -€14.7m
down €14.7m (-84.8%), from €17.3m to €2.6m
- Short-term financial debts -€6.2m
down €6.2m (-19.0%), from €32.8m to €26.5m
of which Credit institutions: -€6.6m
- Profit (loss) carried forward -€4.4m
down €4.4m (-52.3%), from €8.4m to €4.0m
- Reserves +€3.5m
up €3.5m (+185.3%), from €1.9m to €5.3m
of which Tax-exempt reserves: +€3.1m
- Trade debts -€2.1m
down €2.1m (-45.7%), from €4.6m to €2.5m
Income statement
- Turnover -€11.3m
down €11.3m (-23.2%), from €48.7m to €37.3m
- Goods and materials -€10.7m
down €10.7m (-23.8%), from €45.0m to €34.3m
of which Purchases: -€24.6m
- Depreciation +€4.5m
up €4.5m (+11656.0%), from €38,834 to €4.6m
- Financial charges +€3.2m
up €3.2m (+117.6%), from €2.7m to €5.9m
of which Non-recurring financial charges: +€3.3m
- Services and other goods -€1.7m
down €1.7m (-42.2%), from €4.1m to €2.4m
From the 2023 result to the 2024 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.
Result 2023
-€625,269
Turnover
-€11.3m
Other operating income
-€129,280
Goods and materials
+€10.7m
Services and other goods
+€1.7m
Staff costs
+€89,547
Depreciation
-€4.5m
Provisions
-€325,000
Other operating charges
-€15,413
Other operating items
+€4.0m
Financial income
+€285,289
Financial charges
-€3.2m
Taxes
+€506
Deferred taxes and other
-€474,796
Result 2024
-€3.8m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€15.3m
Investment
+€3.3m
Financing
-€17.5m
Cash 2023
€74,382
From operations (derived)
+€15.3m
Net result for the year
-€3.8m
Depreciation
+€4.6m
Stocks and contracts
+€18.2m
Receivables within one year
-€3.8m
Deferred charges and accrued income
+€2.1m
Provisions
+€1.0m
Trade debts
-€2.1m
Tax, wage and social debts
+€14,882
Other debts
-€745,576
Accrued charges and deferred income
-€91,047
Investment (derived)
+€3.3m
Investment in fixed assets (net)
+€3.3m
Financing
-€17.5m
Debts after one year
-€14.7m
Current portion of long-term debt
+€551,988
Short-term financial debts
-€6.2m
Contributions, distributions and other
+€2.8m
Cash 2024
€1.2m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,959,294 | €52,782,791 | -€23.2m | -30.5% |
| Fixed assets | 21/28 | €15,493,212 | €7,639,334 | -€7.9m | -50.7% |
| Intangible fixed assets | 21 | €2,452 | €627,798 | +€625,346 | +25507.1% |
| Tangible fixed assets | 22/27 | €751,617 | €162,530 | -€589,087 | -78.4% |
| Land and buildings | 22 | €607,525 | €20,534 | -€586,991 | -96.6% |
| Plant, machinery and equipment | 23 | €1,474 | €581 | -€894 | -60.6% |
| Furniture and vehicles | 24 | €14,968 | €13,766 | -€1,202 | -8.0% |
| Other tangible fixed assets | 26 | €127,650 | €127,650 | = | 0.0% |
| Financial fixed assets | 28 | €14,739,143 | €6,849,006 | -€7.9m | -53.5% |
| Affiliated companies | 280/1 | €14,737,899 | €6,849,006 | -€7.9m | -53.5% |
| Participating interests | 280 | €12,226,309 | €6,849,006 | -€5.4m | -44.0% |
| Amounts receivable | 281 | €2,511,590 | €0 | -€2.5m | -100.0% |
| Other financial fixed assets | 284/8 | €1,245 | - | -€1,245 | |
| Amounts receivable and cash guarantees | 285/8 | €1,245 | €0 | -€1,245 | -100.0% |
| Current assets | 29/58 | €60,466,081 | €45,143,457 | -€15.3m | -25.3% |
| Stocks and contracts in progress | 3 | €38,657,279 | €20,444,286 | -€18.2m | -47.1% |
| Stocks | 30/36 | €38,657,279 | €20,444,286 | -€18.2m | -47.1% |
| Property held for sale | 35 | €38,657,279 | €20,444,286 | -€18.2m | -47.1% |
| Amounts receivable within one year | 40/41 | €18,634,830 | €22,479,623 | +€3.8m | +20.6% |
| Trade receivables | 40 | €12,727,253 | €13,178,873 | +€451,620 | +3.5% |
| Other amounts receivable | 41 | €5,907,578 | €9,300,750 | +€3.4m | +57.4% |
| Current investments | 50/53 | €650,000 | €650,000 | = | 0.0% |
| Own shares | 50 | €650,000 | €650,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,382 | €1,175,505 | +€1.1m | +1480.4% |
| Deferred charges and accrued income | 490/1 | €2,449,591 | €394,042 | -€2.1m | -83.9% |
| Total equity and liabilities | 10/49 | €75,959,294 | €52,782,791 | -€23.2m | -30.5% |
| Equity | 10/15 | €10,698,137 | €9,756,413 | -€941,724 | -8.8% |
| Contributions | 10/11 | €296,888 | €416,919 | +€120,030 | +40.4% |
| Capital | 10 | €296,888 | €416,919 | +€120,030 | +40.4% |
| Issued capital | 100 | €296,888 | €416,919 | +€120,030 | +40.4% |
| Revaluation surpluses | 12 | €147,952 | €1,842 | -€146,111 | -98.8% |
| Reserves | 13 | €1,872,824 | €5,342,909 | +€3.5m | +185.3% |
| Non-distributable reserves | 130/1 | €692,758 | €710,961 | +€18,203 | +2.6% |
| Legal reserve | 130 | €42,758 | €60,961 | +€18,203 | +42.6% |
| Own shares acquired | 1312 | €650,000 | €650,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,013,932 | €4,128,992 | +€3.1m | +307.2% |
| Distributable reserves | 133 | €166,134 | €502,956 | +€336,821 | +202.7% |
| Profit (loss) carried forward | 14 | €8,380,472 | €3,994,744 | -€4.4m | -52.3% |
| Provisions and deferred taxes | 16 | €337,977 | €1,376,331 | +€1.0m | +307.2% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Deferred taxes | 168 | €337,977 | €1,376,331 | +€1.0m | +307.2% |
| Amounts payable | 17/49 | €64,923,179 | €41,650,048 | -€23.3m | -35.8% |
| Amounts payable after more than one year | 17 | €17,322,736 | €2,631,921 | -€14.7m | -84.8% |
| Financial debts | 170/4 | €17,322,736 | €2,631,921 | -€14.7m | -84.8% |
| Unsubordinated bonds | 171 | €1,518,363 | €2,326,304 | +€807,941 | +53.2% |
| Credit institutions | 173 | €15,438,505 | - | -€15.4m | |
| Other loans | 174 | €365,868 | €305,618 | -€60,250 | -16.5% |
| Amounts payable within one year | 42/48 | €46,835,807 | €38,344,537 | -€8.5m | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €1,129,202 | €1,681,190 | +€551,988 | +48.9% |
| Financial debts | 43 | €32,773,031 | €26,541,480 | -€6.2m | -19.0% |
| Credit institutions | 430/8 | €32,773,031 | €26,144,054 | -€6.6m | -20.2% |
| Other loans | 439 | - | €397,426 | +€397,426 | |
| Trade debts | 44 | €4,556,133 | €2,475,121 | -€2.1m | -45.7% |
| Suppliers | 440/4 | €4,556,133 | €2,475,121 | -€2.1m | -45.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €80,002 | €94,884 | +€14,882 | +18.6% |
| Taxes | 450/3 | €20,662 | €40,090 | +€19,428 | +94.0% |
| Remuneration and social security | 454/9 | €59,340 | €54,794 | -€4,546 | -7.7% |
| Other amounts payable | 47/48 | €8,297,438 | €7,551,862 | -€745,576 | -9.0% |
| Accrued charges and deferred income | 492/3 | €764,636 | €673,589 | -€91,047 | -11.9% |
| Operating income | 70/76A | €50,849,190 | €43,294,723 | -€7.6m | -14.9% |
| Turnover | 70 | €48,655,242 | €37,348,861 | -€11.3m | -23.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €750 | +€750 | |
| Other operating income | 74 | €1,138,891 | €1,009,610 | -€129,280 | -11.4% |
| Non-recurring operating income | 76A | €1,055,056 | €4,935,501 | +€3.9m | +367.8% |
| Operating charges | 60/66A | €49,572,142 | €41,771,839 | -€7.8m | -15.7% |
| Goods for resale, raw materials and consumables | 60 | €45,038,751 | €34,298,726 | -€10.7m | -23.8% |
| Purchases | 600/8 | €40,646,263 | €16,085,733 | -€24.6m | -60.4% |
| Change in stocks: decrease (increase) | 609 | €4,392,488 | €18,212,992 | +€13.8m | +314.6% |
| Services and other goods | 61 | €4,119,106 | €2,382,125 | -€1.7m | -42.2% |
| Remuneration, social security and pensions | 62 | €522,223 | €432,676 | -€89,547 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,834 | €4,565,278 | +€4.5m | +11656.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€325,000 | €0 | +€325,000 | |
| Other operating charges | 640/8 | €30,050 | €45,463 | +€15,413 | +51.3% |
| Non-recurring operating charges | 66A | €148,178 | €47,572 | -€100,607 | -67.9% |
| Operating profit (loss) | 9901 | €1,277,048 | €1,522,883 | +€245,836 | +19.3% |
| Financial income | 75/76B | €616,224 | €901,513 | +€285,289 | +46.3% |
| Recurring financial income | 75 | €316,224 | €832,771 | +€516,547 | +163.3% |
| Income from financial fixed assets | 750 | - | €385,000 | +€385,000 | |
| Income from current assets | 751 | €316,082 | €445,710 | +€129,628 | +41.0% |
| Other financial income | 752/9 | €142 | €2,061 | +€1,919 | +1353.3% |
| Non-recurring financial income | 76B | €300,000 | €68,742 | -€231,258 | -77.1% |
| Financial charges | 65/66B | €2,726,860 | €5,933,216 | +€3.2m | +117.6% |
| Recurring financial charges | 65 | €2,726,860 | €2,668,215 | -€58,645 | -2.2% |
| Debt charges | 650 | €2,600,487 | €2,541,035 | -€59,452 | -2.3% |
| Other financial charges | 652/9 | €126,373 | €127,180 | +€807 | +0.6% |
| Non-recurring financial charges | 66B | €0 | €3,265,001 | +€3.3m | |
| Profit (loss) for the period before taxes | 9903 | -€833,589 | -€3,508,821 | -€2.7m | -320.9% |
| Transfer from deferred taxes | 780 | €209,382 | €412,558 | +€203,176 | +97.0% |
| Transfer to deferred taxes | 680 | €0 | €677,972 | +€677,972 | |
| Income taxes | 67/77 | €1,063 | €557 | -€506 | -47.6% |
| Taxes | 670/3 | €1,063 | €857 | -€205 | -19.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €301 | +€301 | |
| Profit (loss) for the period | 9904 | -€625,269 | -€3,774,791 | -€3.1m | -503.7% |
| Transfer from tax-exempt reserves | 789 | €628,147 | €1,237,674 | +€609,527 | +97.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €2,033,915 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,878 | -€4,571,032 | -€4.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.