Sandrine DEJAS: what changed
Sandrine DEJAS
Largest movements
- Cash +€8,532
up €8,532 (+169%), from €5,050 to €13,582
mainly Other debts (+€11,189) and Net result for the year (+€9,134)
- Receivables within one year -€980
down €980 (-63.0%), from €1,555 to €575
of which Other amounts receivable: -€902
- Deferred charges and accrued income +€910
up €910 (+16.0%), from €5,697 to €6,607
- Tangible fixed assets -€792
down €792 (-10.3%), from €7,696 to €6,903
of which Land and buildings: -€987
- Other debts +€11,189
new in 2025: €11,189
- Current portion of long-term debt -€2,611
no longer reported in 2025 (was €2,611)
- Tax, wage and social debts +€1,375
up €1,375 (+416%), from €330 to €1,705
- Trade debts -€1,356
down €1,356 (-52.1%), from €2,602 to €1,246
- Reserves -€900
down €900 (-4.9%), from €18,275 to €17,375
of which Distributable reserves: -€900
- Depreciation -€7,785
down €7,785 (-86.1%), from €9,038 to €1,253
- Gross operating margin +€4,750
up €4,750 (+58.2%), from €8,165 to €12,915
- Taxes +€897
up €897 (+582%), from €154 to €1,051
- Financial charges -€471
down €471 (-27.7%), from €1,704 to €1,233
- Other operating charges -€371
down €371 (-57.4%), from €647 to €276
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,998 | €27,728 | +€7,731 | +38.7% |
| Fixed assets | 21/28 | €7,696 | €6,963 | -€732 | -9.5% |
| Tangible fixed assets | 22/27 | €7,696 | €6,903 | -€792 | -10.3% |
| Land and buildings | 22 | €7,365 | €6,378 | -€987 | -13.4% |
| Furniture and vehicles | 24 | €331 | €525 | +€195 | +58.8% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €12,302 | €20,765 | +€8,463 | +68.8% |
| Amounts receivable within one year | 40/41 | €1,555 | €575 | -€980 | -63.0% |
| Trade receivables | 40 | €618 | €540 | -€78 | -12.6% |
| Other amounts receivable | 41 | €937 | €35 | -€902 | -96.3% |
| Cash at bank and in hand | 54/58 | €5,050 | €13,582 | +€8,532 | +169% |
| Deferred charges and accrued income | 490/1 | €5,697 | €6,607 | +€910 | +16.0% |
| Total equity and liabilities | 10/49 | €19,998 | €27,728 | +€7,731 | +38.7% |
| Equity | 10/15 | €14,455 | €13,588 | -€866 | -6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,275 | €17,375 | -€900 | -4.9% |
| Non-distributable reserves | 130/1 | €575 | €575 | = | 0.0% |
| Reserves not available under the articles | 1311 | €575 | €575 | = | 0.0% |
| Distributable reserves | 133 | €17,700 | €16,800 | -€900 | -5.1% |
| Profit (loss) carried forward | 14 | -€10,021 | -€9,987 | +€34 | +0.3% |
| Amounts payable | 17/49 | €5,543 | €14,140 | +€8,597 | +155% |
| Amounts payable within one year | 42/48 | €5,543 | €14,140 | +€8,597 | +155% |
| Current portion of amounts payable after more than one year | 42 | €2,611 | - | -€2,611 | |
| Trade debts | 44 | €2,602 | €1,246 | -€1,356 | -52.1% |
| Suppliers | 440/4 | €2,602 | €1,246 | -€1,356 | -52.1% |
| Taxes, remuneration and social security | 45 | €330 | €1,705 | +€1,375 | +416% |
| Taxes | 450/3 | €330 | €1,705 | +€1,375 | +416% |
| Other amounts payable | 47/48 | - | €11,189 | +€11,189 | |
| Non-recurring operating income | 76A | €7,550 | - | -€7,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,038 | €1,253 | -€7,785 | -86.1% |
| Other operating charges | 640/8 | €647 | €276 | -€371 | -57.4% |
| Gross operating margin | 9900 | €8,165 | €12,915 | +€4,750 | +58.2% |
| Operating profit (loss) | 9901 | -€1,521 | €11,386 | +€12,906 | |
| Financial income | 75/76B | €21 | €32 | +€12 | +56.0% |
| Recurring financial income | 75 | €21 | €32 | +€12 | +56.0% |
| Financial charges | 65/66B | €1,704 | €1,233 | -€471 | -27.7% |
| Recurring financial charges | 65 | €1,704 | €1,233 | -€471 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,204 | €10,185 | +€13,389 | |
| Income taxes | 67/77 | €154 | €1,051 | +€897 | +582% |
| Profit (loss) for the period | 9904 | -€3,358 | €9,134 | +€12,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,358 | €9,134 | +€12,492 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.