DEZEURE: 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.
What changed
DEZEURE
NACE 29.202, Manufacture of motor vehicles, trailers and semi-trailers
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€25,356
31-12-2024 · -€364,207+€389,563
Equity
€4.3m
31-12-2024 · €4.1m+€136,333
Cash
€616,019
31-12-2024 · €335,343+€280,676
Balance sheet total
€16.5m
31-12-2024 · €17.0m-€527,564
Largest movements
Assets
- Tangible fixed assets -€544,285
down €544,285 (-7.0%), from €7.8m to €7.3m
of which Plant, machinery and equipment: -€379,456
- Intangible fixed assets -€349,900
down €349,900 (-38.9%), from €899,280 to €549,380
- Cash +€280,676
up €280,676 (+83.7%), from €335,343 to €616,019
mainly Depreciation (+€1.1m) and Contributions, distributions and other (+€110,976)
Equity and liabilities
- Debts after one year -€395,109
down €395,109 (-7.0%), from €5.7m to €5.3m
- Trade debts -€173,707
down €173,707 (-6.3%), from €2.7m to €2.6m
Income statement
- Turnover +€4.1m
up €4.1m (+19.1%), from €21.4m to €25.5m
- Goods and materials +€3.8m
up €3.8m (+24.1%), from €15.6m to €19.4m
of which Purchases: +€3.3m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€364,207
Turnover
+€4.1m
Other operating income
-€1,802
Goods and materials
-€3.8m
Services and other goods
-€178,341
Staff costs
+€70,355
Depreciation
+€3,637
Write-downs
+€35,128
Other operating charges
-€7,511
Other operating items
+€45,848
Financial income
+€34,386
Financial charges
+€66,843
Taxes
+€12
Result 31-12-2025
€25,356
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€738,700
Investment
-€160,115
Financing
-€297,909
Cash 31-12-2024
€335,343
From operations (derived)
+€738,700
Net result for the year
+€25,356
Depreciation
+€1.1m
Stocks and contracts
-€102,013
Receivables within one year
+€26,118
Deferred charges and accrued income
-€8,261
Trade debts
-€173,707
Tax, wage and social debts
-€77,768
Smaller working-capital items
-€3,536
Investment (derived)
-€160,115
Investment in fixed assets (net)
-€160,115
Financing
-€297,909
Debts after one year
-€395,109
Current portion of long-term debt
+€4,018
Short-term financial debts
-€17,793
Contributions, distributions and other
+€110,976
Cash 31-12-2025
€616,019
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,041,059 | €16,513,496 | -€527,564 | -3.1% |
| Fixed assets | 21/28 | €8,711,452 | €7,819,057 | -€892,395 | -10.2% |
| Intangible fixed assets | 21 | €899,280 | €549,380 | -€349,900 | -38.9% |
| Tangible fixed assets | 22/27 | €7,812,173 | €7,267,888 | -€544,285 | -7.0% |
| Land and buildings | 22 | €107,398 | €80,499 | -€26,898 | -25.0% |
| Plant, machinery and equipment | 23 | €1,885,561 | €1,506,104 | -€379,456 | -20.1% |
| Furniture and vehicles | 24 | €521,092 | €462,865 | -€58,227 | -11.2% |
| Leasing and similar rights | 25 | €5,298,122 | €5,218,419 | -€79,703 | -1.5% |
| Financial fixed assets | 28 | - | €1,789 | +€1,789 | |
| Other financial fixed assets | 284/8 | - | €1,789 | +€1,789 | |
| Shares | 284 | - | €1,789 | +€1,789 | |
| Current assets | 29/58 | €8,329,607 | €8,694,439 | +€364,832 | +4.4% |
| Stocks and contracts in progress | 3 | €3,333,082 | €3,435,095 | +€102,013 | +3.1% |
| Stocks | 30/36 | €3,333,082 | €3,435,095 | +€102,013 | +3.1% |
| Raw materials and consumables | 30/31 | €2,859,866 | €2,256,300 | -€603,566 | -21.1% |
| Work in progress | 32 | €1,034 | €202,530 | +€201,496 | +19,482% |
| Finished goods | 33 | €79,049 | €50,828 | -€28,222 | -35.7% |
| Goods purchased for resale | 34 | €393,133 | €796,438 | +€403,305 | +103% |
| Advance payments | 36 | - | €129,000 | +€129,000 | |
| Amounts receivable within one year | 40/41 | €4,567,082 | €4,540,965 | -€26,118 | -0.6% |
| Trade receivables | 40 | €3,091,022 | €3,079,083 | -€11,939 | -0.4% |
| Other amounts receivable | 41 | €1,476,060 | €1,461,881 | -€14,179 | -1.0% |
| Cash at bank and in hand | 54/58 | €335,343 | €616,019 | +€280,676 | +83.7% |
| Deferred charges and accrued income | 490/1 | €94,100 | €102,361 | +€8,261 | +8.8% |
| Total equity and liabilities | 10/49 | €17,041,059 | €16,513,496 | -€527,564 | -3.1% |
| Equity | 10/15 | €4,119,162 | €4,255,495 | +€136,333 | +3.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,057,662 | €4,083,018 | +€25,356 | +0.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €4,051,512 | €4,076,868 | +€25,356 | +0.6% |
| Investment grants | 15 | - | €110,976 | +€110,976 | |
| Amounts payable | 17/49 | €12,921,897 | €12,258,001 | -€663,896 | -5.1% |
| Amounts payable after more than one year | 17 | €5,661,657 | €5,266,547 | -€395,109 | -7.0% |
| Financial debts | 170/4 | €5,661,657 | €5,266,547 | -€395,109 | -7.0% |
| Leasing and similar obligations | 172 | €4,338,387 | €4,023,992 | -€314,395 | -7.2% |
| Credit institutions | 173 | €623,270 | €542,555 | -€80,714 | -13.0% |
| Other loans | 174 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,168,563 | €6,901,990 | -€266,573 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €513,144 | €517,162 | +€4,018 | +0.8% |
| Financial debts | 43 | €3,067,863 | €3,050,070 | -€17,793 | -0.6% |
| Credit institutions | 430/8 | €3,067,863 | €3,050,070 | -€17,793 | -0.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,737,307 | €2,563,600 | -€173,707 | -6.3% |
| Suppliers | 440/4 | €2,737,307 | €2,563,600 | -€173,707 | -6.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €749,810 | €672,041 | -€77,768 | -10.4% |
| Taxes | 450/3 | €399,271 | €338,838 | -€60,433 | -15.1% |
| Remuneration and social security | 454/9 | €350,539 | €333,203 | -€17,335 | -4.9% |
| Other amounts payable | 47/48 | €100,440 | €99,117 | -€1,322 | -1.3% |
| Accrued charges and deferred income | 492/3 | €91,678 | €89,463 | -€2,214 | -2.4% |
| Operating income | 70/76A | €21,098,774 | €25,284,236 | +€4.2m | +19.8% |
| Turnover | 70 | €21,411,401 | €25,498,857 | +€4.1m | +19.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€428,420 | -€289,704 | +€138,717 | +32.4% |
| Other operating income | 74 | €63,793 | €61,991 | -€1,802 | -2.8% |
| Non-recurring operating income | 76A | €52,000 | €13,091 | -€38,909 | -74.8% |
| Operating charges | 60/66A | €21,034,554 | €24,931,695 | +€3.9m | +18.5% |
| Goods for resale, raw materials and consumables | 60 | €15,632,938 | €19,399,386 | +€3.8m | +24.1% |
| Purchases | 600/8 | €15,856,119 | €19,118,390 | +€3.3m | +20.6% |
| Change in stocks: decrease (increase) | 609 | -€223,181 | €280,997 | +€504,178 | |
| Services and other goods | 61 | €1,899,126 | €2,077,466 | +€178,341 | +9.4% |
| Remuneration, social security and pensions | 62 | €2,279,186 | €2,208,832 | -€70,355 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,056,147 | €1,052,510 | -€3,637 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €79,284 | €44,156 | -€35,128 | -44.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €87,874 | €95,385 | +€7,511 | +8.5% |
| Non-recurring operating charges | 66A | €0 | €53,960 | +€53,960 | |
| Operating profit (loss) | 9901 | €64,220 | €352,541 | +€288,321 | +449% |
| Financial income | 75/76B | €43,075 | €77,461 | +€34,386 | +79.8% |
| Recurring financial income | 75 | €43,075 | €77,461 | +€34,386 | +79.8% |
| Income from financial fixed assets | 750 | - | €2,684 | +€2,684 | |
| Income from current assets | 751 | €42,134 | €42,944 | +€809 | +1.9% |
| Other financial income | 752/9 | €941 | €31,833 | +€30,893 | +3,285% |
| Financial charges | 65/66B | €470,256 | €403,413 | -€66,843 | -14.2% |
| Recurring financial charges | 65 | €470,256 | €403,413 | -€66,843 | -14.2% |
| Debt charges | 650 | €464,706 | €395,622 | -€69,084 | -14.9% |
| Other financial charges | 652/9 | €5,550 | €7,791 | +€2,241 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€362,962 | €26,589 | +€389,551 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,245 | €1,233 | -€12 | -1.0% |
| Taxes | 670/3 | €1,245 | €1,233 | -€12 | -1.0% |
| Profit (loss) for the period | 9904 | -€364,207 | €25,356 | +€389,563 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€364,207 | €25,356 | +€389,563 |
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 15 October 2026 via checked.be.