Dr. Dedovic Amintas: 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.
Dr. Dedovic Amintas
Largest movements
- Tangible fixed assets +€30,256
up €30,256 (+17.1%), from €177,151 to €207,407
of which Leasing and similar rights: +€44,620
- Cash -€10,141
down €10,141 (-7.0%), from €145,900 to €135,759
mainly Contributions, distributions and other (-€80,000) and Investment in fixed assets (net) (-€58,128)
- Receivables within one year +€9,850
up €9,850 (+7,172%), from €137 to €9,987
of which Other amounts receivable: +€9,987
- Current investments +€9,500
up €9,500 (+34.5%), from €27,500 to €37,000
- Intangible fixed assets -€7,105
down €7,105 (-7.9%), from €90,000 to €82,895
- Reserves +€56,221
up €56,221 (+82.0%), from €68,602 to €124,823
- Other debts -€30,819
down €30,819 (-30.5%), from €101,055 to €70,236
- Debts after one year -€15,939
down €15,939 (-8.7%), from €183,905 to €167,966
- Current portion of long-term debt +€14,843
up €14,843 (+33.7%), from €44,067 to €58,910
- Accrued charges and deferred income +€6,021
new in 2025: €6,021
- Gross operating margin +€46,573
up €46,573 (+26.6%), from €175,290 to €221,863
- Taxes +€6,790
up €6,790 (+22.7%), from €29,963 to €36,753
- Financial charges +€5,216
up €5,216 (+73.5%), from €7,100 to €12,316
- Depreciation +€4,876
up €4,876 (+16.2%), from €30,100 to €34,976
- Financial income -€2,441
down €2,441 (-37.7%), from €6,477 to €4,037
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 | €443,773 | €474,248 | +€30,476 | +6.9% |
| Fixed assets | 21/28 | €267,151 | €290,302 | +€23,151 | +8.7% |
| Intangible fixed assets | 21 | €90,000 | €82,895 | -€7,105 | -7.9% |
| Tangible fixed assets | 22/27 | €177,151 | €207,407 | +€30,256 | +17.1% |
| Land and buildings | 22 | €127,685 | €120,630 | -€7,055 | -5.5% |
| Plant, machinery and equipment | 23 | €44,858 | €39,321 | -€5,537 | -12.3% |
| Furniture and vehicles | 24 | €4,608 | €2,836 | -€1,772 | -38.5% |
| Leasing and similar rights | 25 | - | €44,620 | +€44,620 | |
| Current assets | 29/58 | €176,622 | €183,947 | +€7,325 | +4.1% |
| Amounts receivable within one year | 40/41 | €137 | €9,987 | +€9,850 | +7,172% |
| Trade receivables | 40 | €137 | - | -€137 | |
| Other amounts receivable | 41 | - | €9,987 | +€9,987 | |
| Current investments | 50/53 | €27,500 | €37,000 | +€9,500 | +34.5% |
| Cash at bank and in hand | 54/58 | €145,900 | €135,759 | -€10,141 | -7.0% |
| Deferred charges and accrued income | 490/1 | €3,085 | €1,200 | -€1,885 | -61.1% |
| Total equity and liabilities | 10/49 | €443,773 | €474,248 | +€30,476 | +6.9% |
| Equity | 10/15 | €87,202 | €143,423 | +€56,221 | +64.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,602 | €124,823 | +€56,221 | +82.0% |
| Distributable reserves | 133 | €68,602 | €124,823 | +€56,221 | +82.0% |
| Amounts payable | 17/49 | €356,571 | €330,825 | -€25,746 | -7.2% |
| Amounts payable after more than one year | 17 | €183,905 | €167,966 | -€15,939 | -8.7% |
| Financial debts | 170/4 | €183,905 | €167,966 | -€15,939 | -8.7% |
| Amounts payable within one year | 42/48 | €172,666 | €156,838 | -€15,828 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €44,067 | €58,910 | +€14,843 | +33.7% |
| Trade debts | 44 | €1,067 | €2,490 | +€1,423 | +133% |
| Suppliers | 440/4 | €1,067 | €2,490 | +€1,423 | +133% |
| Taxes, remuneration and social security | 45 | €26,476 | €25,202 | -€1,274 | -4.8% |
| Taxes | 450/3 | €26,476 | €25,202 | -€1,274 | -4.8% |
| Other amounts payable | 47/48 | €101,055 | €70,236 | -€30,819 | -30.5% |
| Accrued charges and deferred income | 492/3 | - | €6,021 | +€6,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,100 | €34,976 | +€4,876 | +16.2% |
| Other operating charges | 640/8 | €4,890 | €5,633 | +€743 | +15.2% |
| Gross operating margin | 9900 | €175,290 | €221,863 | +€46,573 | +26.6% |
| Operating profit (loss) | 9901 | €140,300 | €181,253 | +€40,953 | +29.2% |
| Financial income | 75/76B | €6,477 | €4,037 | -€2,441 | -37.7% |
| Recurring financial income | 75 | €6,477 | €4,037 | -€2,441 | -37.7% |
| Financial charges | 65/66B | €7,100 | €12,316 | +€5,216 | +73.5% |
| Recurring financial charges | 65 | €7,100 | €12,316 | +€5,216 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €139,678 | €172,974 | +€33,297 | +23.8% |
| Income taxes | 67/77 | €29,963 | €36,753 | +€6,790 | +22.7% |
| Profit (loss) for the period | 9904 | €109,715 | €136,221 | +€26,507 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,715 | €136,221 | +€26,507 | +24.2% |
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.