STEFAN DEDECKER: what changed
What changed
STEFAN DEDECKER
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€26,459
2024 · €41,725-€15,265
Equity
€45,059
2024 · €274,199-€229,140
Cash
€13,698
2024 · €15,974-€2,276
Balance sheet total
€248,057
2024 · €283,247-€35,190
Largest movements
Assets
- Receivables within one year -€32,806
down €32,806 (-97.0%), from €33,832 to €1,026
Equity and liabilities
- Profit (loss) carried forward -€253,739
down €253,739 (-100%), from €253,739 to €0
- Other debts +€189,601
new in 2025: €189,601
- Reserves +€24,599
up €24,599 (+1,323%), from €1,860 to €26,459
of which Distributable reserves: +€24,599
- Accrued charges and deferred income +€7,661
new in 2025: €7,661
- Short-term financial debts -€5,103
down €5,103 (-78.5%), from €6,504 to €1,401
Income statement
- Financial income -€26,060
down €26,060 (-99.9%), from €26,078 to €18
- Gross operating margin +€26,042
up €26,042 (+105%), from €24,794 to €50,837
- Taxes +€7,892
up €7,892 (+109%), from €7,246 to €15,137
- Financial charges +€7,343
up €7,343 (+1,491%), from €493 to €7,836
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.
Result 2024
€41,725
Gross operating margin
+€26,042
Depreciation
+€68
Other operating charges
-€81
Financial income
-€26,060
Financial charges
-€7,343
Taxes
-€7,892
Result 2025
€26,459
raises the resultlowers the result
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.
From operations
+€258,427
Investment
€0
Financing
-€260,703
Cash 2024
€15,974
From operations (derived)
+€258,427
Net result for the year
+€26,459
Depreciation
+€109
Receivables within one year
+€32,806
Trade debts
-€855
Tax, wage and social debts
+€2,646
Other debts
+€189,601
Accrued charges and deferred income
+€7,661
Financing
-€260,703
Short-term financial debts
-€5,103
Contributions, distributions and other
-€255,599
Cash 2025
€13,698
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,247 | €248,057 | -€35,190 | -12.4% |
| Fixed assets | 21/28 | €233,442 | €233,333 | -€109 | 0.0% |
| Tangible fixed assets | 22/27 | €109 | €0 | -€109 | -100% |
| Furniture and vehicles | 24 | €109 | €0 | -€109 | -100% |
| Financial fixed assets | 28 | €233,333 | €233,333 | = | 0.0% |
| Current assets | 29/58 | €49,806 | €14,724 | -€35,082 | -70.4% |
| Amounts receivable within one year | 40/41 | €33,832 | €1,026 | -€32,806 | -97.0% |
| Other amounts receivable | 41 | €33,832 | €1,026 | -€32,806 | -97.0% |
| Cash at bank and in hand | 54/58 | €15,974 | €13,698 | -€2,276 | -14.2% |
| Total equity and liabilities | 10/49 | €283,247 | €248,057 | -€35,190 | -12.4% |
| Equity | 10/15 | €274,199 | €45,059 | -€229,140 | -83.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,459 | +€24,599 | +1,323% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €26,459 | +€24,599 | +1,323% |
| Profit (loss) carried forward | 14 | €253,739 | €0 | -€253,739 | -100% |
| Amounts payable | 17/49 | €9,048 | €202,997 | +€193,950 | +2,144% |
| Amounts payable within one year | 42/48 | €9,048 | €195,337 | +€186,289 | +2,059% |
| Financial debts | 43 | €6,504 | €1,401 | -€5,103 | -78.5% |
| Credit institutions | 430/8 | €6,504 | €1,401 | -€5,103 | -78.5% |
| Trade debts | 44 | €1,664 | €809 | -€855 | -51.4% |
| Suppliers | 440/4 | €1,664 | €809 | -€855 | -51.4% |
| Taxes, remuneration and social security | 45 | €880 | €3,526 | +€2,646 | +301% |
| Taxes | 450/3 | €880 | €3,526 | +€2,646 | +301% |
| Other amounts payable | 47/48 | - | €189,601 | +€189,601 | |
| Accrued charges and deferred income | 492/3 | - | €7,661 | +€7,661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177 | €109 | -€68 | -38.5% |
| Other operating charges | 640/8 | €1,232 | €1,313 | +€81 | +6.6% |
| Gross operating margin | 9900 | €24,794 | €50,837 | +€26,042 | +105% |
| Operating profit (loss) | 9901 | €23,386 | €49,415 | +€26,029 | +111% |
| Financial income | 75/76B | €26,078 | €18 | -€26,060 | -99.9% |
| Recurring financial income | 75 | €26,078 | €18 | -€26,060 | -99.9% |
| Financial charges | 65/66B | €493 | €7,836 | +€7,343 | +1,491% |
| Recurring financial charges | 65 | €493 | €7,836 | +€7,343 | +1,491% |
| Profit (loss) for the period before taxes | 9903 | €48,971 | €41,597 | -€7,374 | -15.1% |
| Income taxes | 67/77 | €7,246 | €15,137 | +€7,892 | +109% |
| Profit (loss) for the period | 9904 | €41,725 | €26,459 | -€15,265 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,725 | €26,459 | -€15,265 | -36.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.