DEZUTTER: 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.
DEZUTTER
Largest movements
- Tangible fixed assets -€65,071
down €65,071 (-9.7%), from €669,590 to €604,519
- Receivables within one year -€35,239
down €35,239 (-19.7%), from €178,509 to €143,271
of which Other amounts receivable: -€19,050
- Cash -€22,664
down €22,664 (-14.3%), from €158,289 to €135,625
mainly Trade debts (-€45,848) and Net result for the year (-€42,239)
- Trade debts -€45,848
down €45,848 (-88.3%), from €51,903 to €6,055
- Reserves -€42,239
down €42,239 (-5.7%), from €741,559 to €699,319
of which Distributable reserves: -€30,754
- Debts after one year -€35,708
down €35,708 (-16.4%), from €217,968 to €182,260
- Depreciation +€32,623
up €32,623 (+96.4%), from €33,858 to €66,481
- Staff costs +€31,509
up €31,509 (+41.0%), from €76,844 to €108,353
- Gross operating margin -€10,569
down €10,569 (-7.0%), from €151,818 to €141,249
- Financial charges +€3,726
up €3,726 (+43.3%), from €8,602 to €12,328
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,101,512 | €970,606 | -€130,907 | -11.9% |
| Fixed assets | 21/28 | €675,440 | €612,369 | -€63,071 | -9.3% |
| Tangible fixed assets | 22/27 | €669,590 | €604,519 | -€65,071 | -9.7% |
| Land and buildings | 22 | €495,655 | €467,607 | -€28,049 | -5.7% |
| Plant, machinery and equipment | 23 | €54,052 | €40,695 | -€13,357 | -24.7% |
| Furniture and vehicles | 24 | €119,883 | €96,218 | -€23,665 | -19.7% |
| Financial fixed assets | 28 | €5,850 | €7,850 | +€2,000 | +34.2% |
| Current assets | 29/58 | €426,072 | €358,236 | -€67,836 | -15.9% |
| Stocks and contracts in progress | 3 | €83,350 | €73,192 | -€10,158 | -12.2% |
| Stocks | 30/36 | €83,350 | €73,192 | -€10,158 | -12.2% |
| Amounts receivable within one year | 40/41 | €178,509 | €143,271 | -€35,239 | -19.7% |
| Trade receivables | 40 | €150,142 | €133,954 | -€16,188 | -10.8% |
| Other amounts receivable | 41 | €28,367 | €9,317 | -€19,050 | -67.2% |
| Cash at bank and in hand | 54/58 | €158,289 | €135,625 | -€22,664 | -14.3% |
| Deferred charges and accrued income | 490/1 | €5,924 | €6,148 | +€225 | +3.8% |
| Total equity and liabilities | 10/49 | €1,101,512 | €970,606 | -€130,907 | -11.9% |
| Equity | 10/15 | €760,159 | €717,919 | -€42,239 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €741,559 | €699,319 | -€42,239 | -5.7% |
| Tax-exempt reserves | 132 | €46,989 | €35,504 | -€11,486 | -24.4% |
| Distributable reserves | 133 | €694,569 | €663,816 | -€30,754 | -4.4% |
| Provisions and deferred taxes | 16 | €5,914 | - | -€5,914 | |
| Deferred taxes | 168 | €5,914 | - | -€5,914 | |
| Amounts payable | 17/49 | €335,440 | €252,686 | -€82,753 | -24.7% |
| Amounts payable after more than one year | 17 | €217,968 | €182,260 | -€35,708 | -16.4% |
| Financial debts | 170/4 | €217,968 | €182,260 | -€35,708 | -16.4% |
| Amounts payable within one year | 42/48 | €117,472 | €70,427 | -€47,045 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €34,078 | €35,708 | +€1,630 | +4.8% |
| Trade debts | 44 | €51,903 | €6,055 | -€45,848 | -88.3% |
| Suppliers | 440/4 | €51,903 | €6,055 | -€45,848 | -88.3% |
| Advances received on contracts in progress | 46 | €2,800 | €4,800 | +€2,000 | +71.4% |
| Taxes, remuneration and social security | 45 | €25,903 | €22,387 | -€3,516 | -13.6% |
| Taxes | 450/3 | €14,123 | €3,984 | -€10,139 | -71.8% |
| Remuneration and social security | 454/9 | €11,781 | €18,404 | +€6,623 | +56.2% |
| Other amounts payable | 47/48 | €2,787 | €1,476 | -€1,311 | -47.0% |
| Remuneration, social security and pensions | 62 | €76,844 | €108,353 | +€31,509 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,858 | €66,481 | +€32,623 | +96.4% |
| Other operating charges | 640/8 | €1,797 | €2,641 | +€844 | +47.0% |
| Gross operating margin | 9900 | €151,818 | €141,249 | -€10,569 | -7.0% |
| Operating profit (loss) | 9901 | €39,319 | -€36,226 | -€75,545 | |
| Financial income | 75/76B | €1,081 | €400 | -€681 | -63.0% |
| Recurring financial income | 75 | €1,081 | €400 | -€681 | -63.0% |
| Financial charges | 65/66B | €8,602 | €12,328 | +€3,726 | +43.3% |
| Recurring financial charges | 65 | €8,602 | €12,328 | +€3,726 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €31,798 | -€48,153 | -€79,952 | |
| Transfer from deferred taxes | 780 | €770 | €5,914 | +€5,144 | +668% |
| Income taxes | 67/77 | €49 | - | -€49 | |
| Profit (loss) for the period | 9904 | €32,519 | -€42,239 | -€74,758 | |
| Transfer from tax-exempt reserves | 789 | €1,495 | €11,486 | +€9,991 | +668% |
| Profit (loss) for the period to be appropriated | 9905 | €34,014 | -€30,754 | -€64,768 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.