ECURIES DEHEZ: 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.
ECURIES DEHEZ
Largest movements
- Cash +€1.1m
up €1.1m (+2,658%), from €40,472 to €1.1m
mainly Debts after one year (+€1.0m) and Trade debts (+€402,087)
- Tangible fixed assets +€551,803
up €551,803 (+286%), from €192,669 to €744,472
of which Land and buildings: +€549,739
- Receivables within one year -€117,033
down €117,033 (-32.1%), from €364,369 to €247,336
- Stocks and contracts +€65,987
up €65,987 (+20.8%), from €316,563 to €382,550
- Debts after one year +€1.0m
up €1.0m (+1,042%), from €100,781 to €1.2m
- Trade debts +€402,087
up €402,087 (+304%), from €132,128 to €534,216
of which Bills of exchange payable: +€431,243
- Tax, wage and social debts +€41,788
up €41,788 (+185%), from €22,600 to €64,389
- Current portion of long-term debt +€41,105
up €41,105 (+457%), from €8,993 to €50,098
- Gross operating margin +€54,813
up €54,813 (+109%), from €50,317 to €105,129
- Depreciation +€28,477
up €28,477 (+132%), from €21,597 to €50,074
- Taxes +€11,612
up €11,612 (+113%), from €10,283 to €21,895
- Financial charges +€2,941
up €2,941 (+52.1%), from €5,640 to €8,580
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,073 | €2,491,023 | +€1.6m | +173% |
| Fixed assets | 21/28 | €192,669 | €744,472 | +€551,803 | +286% |
| Tangible fixed assets | 22/27 | €192,669 | €744,472 | +€551,803 | +286% |
| Land and buildings | 22 | €171,370 | €721,110 | +€549,739 | +321% |
| Plant, machinery and equipment | 23 | €21,299 | €23,363 | +€2,064 | +9.7% |
| Current assets | 29/58 | €721,404 | €1,746,550 | +€1.0m | +142% |
| Stocks and contracts in progress | 3 | €316,563 | €382,550 | +€65,987 | +20.8% |
| Stocks | 30/36 | €316,563 | €382,550 | +€65,987 | +20.8% |
| Amounts receivable within one year | 40/41 | €364,369 | €247,336 | -€117,033 | -32.1% |
| Trade receivables | 40 | €364,369 | €247,336 | -€117,033 | -32.1% |
| Cash at bank and in hand | 54/58 | €40,472 | €1,116,332 | +€1.1m | +2,658% |
| Deferred charges and accrued income | 490/1 | - | €332 | +€332 | |
| Total equity and liabilities | 10/49 | €914,073 | €2,491,023 | +€1.6m | +173% |
| Equity | 10/15 | €192,695 | €230,550 | +€37,856 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,135 | +€13,275 | +714% |
| Non-distributable reserves | 130/1 | €1,860 | €15,135 | +€13,275 | +714% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | - | €13,275 | +€13,275 | |
| Profit (loss) carried forward | 14 | €172,235 | €196,815 | +€24,581 | +14.3% |
| Amounts payable | 17/49 | €721,379 | €2,260,473 | +€1.5m | +213% |
| Amounts payable after more than one year | 17 | €100,781 | €1,150,683 | +€1.0m | +1,042% |
| Financial debts | 170/4 | €100,781 | €1,150,683 | +€1.0m | +1,042% |
| Amounts payable within one year | 42/48 | €620,598 | €1,109,790 | +€489,192 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €8,993 | €50,098 | +€41,105 | +457% |
| Trade debts | 44 | €132,128 | €534,216 | +€402,087 | +304% |
| Suppliers | 440/4 | €89,041 | €59,886 | -€29,155 | -32.7% |
| Bills of exchange payable | 441 | €43,087 | €474,330 | +€431,243 | +1,001% |
| Taxes, remuneration and social security | 45 | €22,600 | €64,389 | +€41,788 | +185% |
| Taxes | 450/3 | €22,600 | €64,389 | +€41,788 | +185% |
| Other amounts payable | 47/48 | €456,876 | €461,087 | +€4,211 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,597 | €50,074 | +€28,477 | +132% |
| Gross operating margin | 9900 | €50,317 | €105,129 | +€54,813 | +109% |
| Operating profit (loss) | 9901 | €28,719 | €55,055 | +€26,336 | +91.7% |
| Financial income | 75/76B | €15 | €1 | -€14 | -95.1% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -95.1% |
| Financial charges | 65/66B | €5,640 | €8,580 | +€2,941 | +52.1% |
| Recurring financial charges | 65 | €5,640 | €8,580 | +€2,941 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €23,095 | €46,476 | +€23,381 | +101% |
| Income taxes | 67/77 | €10,283 | €21,895 | +€11,612 | +113% |
| Profit (loss) for the period | 9904 | €12,812 | €24,581 | +€11,768 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,812 | €24,581 | +€11,768 | +91.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.