DEY: 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.
DEY
Largest movements
- Receivables within one year +€45,343
up €45,343 (+292.9%), from €15,482 to €60,825
of which Other amounts receivable: +€44,536
- Stocks and contracts -€22,507
down €22,507 (-30.6%), from €73,521 to €51,013
- Cash -€9,442
down €9,442 (-17.7%), from €53,430 to €43,987
mainly Receivables within one year (-€45,343) and Trade debts (-€36,807)
- Trade debts -€36,807
down €36,807 (-75.8%), from €48,567 to €11,761
- Reserves +€29,000
up €29,000 (+6359.6%), from €456 to €29,456
- Tax, wage and social debts +€21,025
up €21,025 (+305.6%), from €6,880 to €27,905
of which Taxes: +€16,783
- Other debts -€1,761
down €1,761 (-100.0%), from €1,761 to €0
- Advances received +€1,634
up €1,634 (+42.4%), from €3,850 to €5,484
- Gross operating margin +€28,549
up €28,549 (+69.8%), from €40,874 to €69,423
- Taxes +€12,789
up €12,789 (+629.9%), from €2,030 to €14,819
- Financial income +€5,209
up €5,209 (+7756.5%), from €67 to €5,276
- Depreciation -€4,450
down €4,450 (-87.0%), from €5,117 to €667
- Financial charges -€959
down €959 (-92.0%), from €1,043 to €83
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 | €148,440 | €161,533 | +€13,092 | +8.8% |
| Fixed assets | 21/28 | €5,702 | €5,265 | -€437 | -7.7% |
| Tangible fixed assets | 22/27 | €1,952 | €1,285 | -€667 | -34.2% |
| Furniture and vehicles | 24 | €1,952 | €1,285 | -€667 | -34.2% |
| Financial fixed assets | 28 | €3,750 | €3,980 | +€230 | +6.1% |
| Current assets | 29/58 | €142,739 | €156,268 | +€13,529 | +9.5% |
| Stocks and contracts in progress | 3 | €73,521 | €51,013 | -€22,507 | -30.6% |
| Stocks | 30/36 | €73,521 | €51,013 | -€22,507 | -30.6% |
| Amounts receivable within one year | 40/41 | €15,482 | €60,825 | +€45,343 | +292.9% |
| Trade receivables | 40 | €15,482 | €16,289 | +€807 | +5.2% |
| Other amounts receivable | 41 | €0 | €44,536 | +€44,536 | |
| Cash at bank and in hand | 54/58 | €53,430 | €43,987 | -€9,442 | -17.7% |
| Deferred charges and accrued income | 490/1 | €306 | €442 | +€136 | +44.4% |
| Total equity and liabilities | 10/49 | €148,440 | €161,533 | +€13,092 | +8.8% |
| Equity | 10/15 | €87,381 | €116,383 | +€29,001 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456 | €29,456 | +€29,000 | +6359.6% |
| Distributable reserves | 133 | €456 | €29,456 | +€29,000 | +6359.6% |
| Profit (loss) carried forward | 14 | €68,325 | €68,327 | +€1 | 0.0% |
| Amounts payable | 17/49 | €61,059 | €45,150 | -€15,909 | -26.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €61,059 | €45,150 | -€15,909 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €48,567 | €11,761 | -€36,807 | -75.8% |
| Suppliers | 440/4 | €48,567 | €11,761 | -€36,807 | -75.8% |
| Advances received on contracts in progress | 46 | €3,850 | €5,484 | +€1,634 | +42.4% |
| Taxes, remuneration and social security | 45 | €6,880 | €27,905 | +€21,025 | +305.6% |
| Taxes | 450/3 | €2,207 | €18,990 | +€16,783 | +760.5% |
| Remuneration and social security | 454/9 | €4,673 | €8,915 | +€4,242 | +90.8% |
| Other amounts payable | 47/48 | €1,761 | €0 | -€1,761 | -100.0% |
| Remuneration, social security and pensions | 62 | €29,497 | €29,864 | +€367 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,117 | €667 | -€4,450 | -87.0% |
| Other operating charges | 640/8 | €459 | €264 | -€195 | -42.5% |
| Gross operating margin | 9900 | €40,874 | €69,423 | +€28,549 | +69.8% |
| Operating profit (loss) | 9901 | €5,801 | €38,628 | +€32,827 | +565.9% |
| Financial income | 75/76B | €67 | €5,276 | +€5,209 | +7756.5% |
| Recurring financial income | 75 | €67 | €5,276 | +€5,209 | +7756.5% |
| Financial charges | 65/66B | €1,043 | €83 | -€959 | -92.0% |
| Recurring financial charges | 65 | €1,043 | €83 | -€959 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €4,825 | €43,820 | +€38,995 | +808.1% |
| Income taxes | 67/77 | €2,030 | €14,819 | +€12,789 | +629.9% |
| Profit (loss) for the period | 9904 | €2,795 | €29,001 | +€26,206 | +937.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,795 | €29,001 | +€26,206 | +937.5% |
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 2 October 2026 via checked.be.