DIETER DEDONCKER: 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.
DIETER DEDONCKER
Largest movements
- Cash +€5,500
up €5,500 (+24.0%), from €22,943 to €28,444
mainly Net result for the year (+€11,372) and Receivables within one year (+€2,595)
- Receivables within one year -€2,595
down €2,595 (-23.5%), from €11,054 to €8,459
of which Trade receivables: -€2,500
- Tangible fixed assets -€2,370
down €2,370 (-38.8%), from €6,110 to €3,740
- Deferred charges and accrued income +€1,810
up €1,810 (+516%), from €351 to €2,161
- Reserves +€10,539
up €10,539 (+118%), from €8,968 to €19,507
- Trade debts -€5,179
down €5,179 (-32.7%), from €15,848 to €10,670
of which Suppliers: -€5,321
- Debts after one year -€1,684
no longer reported in 2025 (was €1,684)
- Other debts +€1,564
up €1,564 (+49.8%), from €3,144 to €4,708
- Tax, wage and social debts -€1,530
down €1,530 (-35.9%), from €4,264 to €2,734
of which Taxes: -€1,530
- Gross operating margin +€9,419
up €9,419 (+68.4%), from €13,764 to €23,183
- Taxes +€2,568
up €2,568 (+123%), from €2,086 to €4,654
- Financial income -€810
down €810 (-94.8%), from €854 to €45
- Financial charges -€266
down €266 (-17.5%), from €1,519 to €1,252
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 | €40,458 | €42,803 | +€2,345 | +5.8% |
| Fixed assets | 21/28 | €6,110 | €3,740 | -€2,370 | -38.8% |
| Tangible fixed assets | 22/27 | €6,110 | €3,740 | -€2,370 | -38.8% |
| Furniture and vehicles | 24 | €6,110 | €3,740 | -€2,370 | -38.8% |
| Current assets | 29/58 | €34,348 | €39,063 | +€4,715 | +13.7% |
| Amounts receivable within one year | 40/41 | €11,054 | €8,459 | -€2,595 | -23.5% |
| Trade receivables | 40 | €10,959 | €8,459 | -€2,500 | -22.8% |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €22,943 | €28,444 | +€5,500 | +24.0% |
| Deferred charges and accrued income | 490/1 | €351 | €2,161 | +€1,810 | +516% |
| Total equity and liabilities | 10/49 | €40,458 | €42,803 | +€2,345 | +5.8% |
| Equity | 10/15 | €12,468 | €23,007 | +€10,539 | +84.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €8,968 | €19,507 | +€10,539 | +118% |
| Distributable reserves | 133 | €8,968 | €19,507 | +€10,539 | +118% |
| Amounts payable | 17/49 | €27,991 | €19,796 | -€8,194 | -29.3% |
| Amounts payable after more than one year | 17 | €1,684 | - | -€1,684 | |
| Other amounts payable | 178/9 | €1,684 | - | -€1,684 | |
| Amounts payable within one year | 42/48 | €25,431 | €19,796 | -€5,635 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €2,175 | €1,684 | -€490 | -22.6% |
| Trade debts | 44 | €15,848 | €10,670 | -€5,179 | -32.7% |
| Suppliers | 440/4 | €15,744 | €10,424 | -€5,321 | -33.8% |
| Bills of exchange payable | 441 | €104 | €246 | +€142 | +136% |
| Taxes, remuneration and social security | 45 | €4,264 | €2,734 | -€1,530 | -35.9% |
| Taxes | 450/3 | €2,086 | €556 | -€1,530 | -73.3% |
| Remuneration and social security | 454/9 | €2,178 | €2,178 | = | 0.0% |
| Other amounts payable | 47/48 | €3,144 | €4,708 | +€1,564 | +49.8% |
| Accrued charges and deferred income | 492/3 | €875 | - | -€875 | |
| Remuneration, social security and pensions | 62 | €3,578 | €3,578 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,370 | €2,370 | = | 0.0% |
| Other operating charges | 640/8 | €53 | - | -€53 | |
| Gross operating margin | 9900 | €13,764 | €23,183 | +€9,419 | +68.4% |
| Operating profit (loss) | 9901 | €7,762 | €17,234 | +€9,472 | +122% |
| Financial income | 75/76B | €854 | €45 | -€810 | -94.8% |
| Recurring financial income | 75 | €854 | €45 | -€810 | -94.8% |
| Financial charges | 65/66B | €1,519 | €1,252 | -€266 | -17.5% |
| Recurring financial charges | 65 | €1,519 | €1,252 | -€266 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €7,098 | €16,027 | +€8,929 | +126% |
| Income taxes | 67/77 | €2,086 | €4,654 | +€2,568 | +123% |
| Profit (loss) for the period | 9904 | €5,012 | €11,372 | +€6,360 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €5,012 | €11,372 | +€6,360 | +127% |
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 27 October 2026 via checked.be.