DEXTER MANAGEMENT: 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.
DEXTER MANAGEMENT
Largest movements
- Current investments +€228,148
up €228,148 (+272%), from €84,004 to €312,152
- Tangible fixed assets -€12,875
down €12,875 (-94.4%), from €13,643 to €768
of which Land and buildings: -€11,886
- Reserves +€181,894
up €181,894 (+23.4%), from €776,304 to €958,198
of which Tax-exempt reserves: +€110,696
- Provisions +€31,399
up €31,399 (+571%), from €5,500 to €36,899
of which Deferred taxes: +€36,899
- Gross operating margin +€145,531
up €145,531 (+163%), from €89,442 to €234,973
- Taxes +€12,772
up €12,772 (+52.0%), from €24,560 to €37,333
- Depreciation -€9,619
down €9,619 (-90.7%), from €10,608 to €989
- Provisions -€5,500
new in 2025: -€5,500
- Financial income +€5,443
up €5,443 (+38.2%), from €14,258 to €19,701
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.
Derived cash bridge
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 | €812,494 | €1,024,917 | +€212,423 | +26.1% |
| Fixed assets | 21/28 | €13,893 | €1,018 | -€12,875 | -92.7% |
| Tangible fixed assets | 22/27 | €13,643 | €768 | -€12,875 | -94.4% |
| Land and buildings | 22 | €11,886 | - | -€11,886 | |
| Plant, machinery and equipment | 23 | €626 | €113 | -€514 | -82.0% |
| Furniture and vehicles | 24 | €1,131 | €655 | -€476 | -42.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €798,601 | €1,023,899 | +€225,298 | +28.2% |
| Amounts receivable after more than one year | 29 | €519,000 | €519,000 | = | 0.0% |
| Other amounts receivable | 291 | €519,000 | €519,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,449 | €546 | -€4,903 | -90.0% |
| Other amounts receivable | 41 | €5,449 | €546 | -€4,903 | -90.0% |
| Current investments | 50/53 | €84,004 | €312,152 | +€228,148 | +272% |
| Cash at bank and in hand | 54/58 | €188,001 | €190,053 | +€2,052 | +1.1% |
| Deferred charges and accrued income | 490/1 | €2,147 | €2,147 | = | 0.0% |
| Total equity and liabilities | 10/49 | €812,494 | €1,024,917 | +€212,423 | +26.1% |
| Equity | 10/15 | €796,304 | €978,198 | +€181,894 | +22.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €776,304 | €958,198 | +€181,894 | +23.4% |
| Tax-exempt reserves | 132 | €1,360 | €112,056 | +€110,696 | +8,139% |
| Distributable reserves | 133 | €774,944 | €846,142 | +€71,198 | +9.2% |
| Provisions and deferred taxes | 16 | €5,500 | €36,899 | +€31,399 | +571% |
| Provisions for liabilities and charges | 160/5 | €5,500 | - | -€5,500 | |
| Major repairs and maintenance | 162 | €5,500 | - | -€5,500 | |
| Deferred taxes | 168 | - | €36,899 | +€36,899 | |
| Amounts payable | 17/49 | €10,691 | €9,820 | -€871 | -8.1% |
| Amounts payable within one year | 42/48 | €10,691 | €9,820 | -€871 | -8.1% |
| Trade debts | 44 | - | €895 | +€895 | |
| Suppliers | 440/4 | - | €895 | +€895 | |
| Taxes, remuneration and social security | 45 | €6,950 | €6,748 | -€202 | -2.9% |
| Taxes | 450/3 | €6,950 | €6,748 | -€202 | -2.9% |
| Other amounts payable | 47/48 | €3,741 | €2,177 | -€1,564 | -41.8% |
| Non-recurring operating income | 76A | - | €147,595 | +€147,595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,608 | €989 | -€9,619 | -90.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€5,500 | -€5,500 | |
| Other operating charges | 640/8 | €1,797 | €590 | -€1,207 | -67.2% |
| Non-recurring operating charges | 66A | - | €875 | +€875 | |
| Gross operating margin | 9900 | €89,442 | €234,973 | +€145,531 | +163% |
| Operating profit (loss) | 9901 | €77,036 | €238,018 | +€160,982 | +209% |
| Financial income | 75/76B | €14,258 | €19,701 | +€5,443 | +38.2% |
| Recurring financial income | 75 | €14,258 | €19,701 | +€5,443 | +38.2% |
| Financial charges | 65/66B | €997 | €1,593 | +€596 | +59.8% |
| Recurring financial charges | 65 | €997 | €1,593 | +€596 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €90,297 | €256,126 | +€165,829 | +184% |
| Transfer to deferred taxes | 680 | - | €36,899 | +€36,899 | |
| Income taxes | 67/77 | €24,560 | €37,333 | +€12,772 | +52.0% |
| Profit (loss) for the period | 9904 | €65,737 | €181,894 | +€116,158 | +177% |
| Transfer to tax-exempt reserves | 689 | - | €110,696 | +€110,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,737 | €71,198 | +€5,461 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.