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What changed?

Two fiscal 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.

What changed

Deadbeef Engineering

BE 0788.198.442
NACE 26.200, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27,024
2024 · €47,338-€20,314
Equity
€78,359
2024 · €51,335+€27,024
Cash
€47,615
2024 · €54,807-€7,192
Balance sheet total
€78,569
2024 · €80,346-€1,777

Largest movements

2024 to 2025
Assets
  • Cash -€7,192

    down €7,192 (-13.1%), from €54,807 to €47,615

    mainly Other debts (-€23,950) and Receivables within one year (-€6,228)

  • Receivables within one year +€6,228

    up €6,228 (+62.0%), from €10,047 to €16,276

    of which Other amounts receivable: +€5,115

  • Tangible fixed assets -€2,716

    down €2,716 (-19.3%), from €14,037 to €11,322

    of which Plant, machinery and equipment: -€2,186

  • Deferred charges and accrued income +€1,902

    up €1,902 (+130.7%), from €1,455 to €3,357

Equity and liabilities
  • Profit (loss) carried forward +€27,024

    up €27,024 (+58.3%), from €46,335 to €73,359

  • Other debts -€23,950

    down €23,950 (-99.8%), from €24,005 to €55

  • Tax, wage and social debts -€4,214

    down €4,214 (-99.5%), from €4,235 to €22

    of which Taxes: -€4,235

Income statement
  • Gross operating margin -€24,396

    down €24,396 (-38.2%), from €63,925 to €39,528

  • Taxes -€5,205

    down €5,205 (-42.1%), from €12,370 to €7,165

  • Depreciation +€1,044

    up €1,044 (+39.3%), from €2,655 to €3,698

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €47,338
Gross operating margin -€24,396
Depreciation -€1,044
Other operating charges -€337
Financial income -€5
Financial charges +€262
Taxes +€5,205
Result 2025 €27,024

Cash bridge derived

cash 2024 to 2025

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.

From operations -€6,209
Investment -€983
Financing €0
Cash 2024 €54,807
Net result for the year +€27,024
Depreciation +€3,698
Receivables within one year -€6,228
Deferred charges and accrued income -€1,902
Trade debts -€638
Tax, wage and social debts -€4,214
Other debts -€23,950
Investment in fixed assets (net) -€983
Cash 2025 €47,615
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €80,346 €78,569 -€1,777 -2.2%
Fixed assets 21/28 €14,037 €11,322 -€2,716 -19.3%
Tangible fixed assets 22/27 €14,037 €11,322 -€2,716 -19.3%
Plant, machinery and equipment 23 €12,434 €10,249 -€2,186 -17.6%
Furniture and vehicles 24 €1,603 €1,073 -€530 -33.1%
Current assets 29/58 €66,309 €67,248 +€938 +1.4%
Amounts receivable within one year 40/41 €10,047 €16,276 +€6,228 +62.0%
Trade receivables 40 €9,360 €10,474 +€1,114 +11.9%
Other amounts receivable 41 €687 €5,802 +€5,115 +744.1%
Cash at bank and in hand 54/58 €54,807 €47,615 -€7,192 -13.1%
Deferred charges and accrued income 490/1 €1,455 €3,357 +€1,902 +130.7%
Total equity and liabilities 10/49 €80,346 €78,569 -€1,777 -2.2%
Equity 10/15 €51,335 €78,359 +€27,024 +52.6%
Contributions 10/11 €5,000 €5,000 = 0.0%
Profit (loss) carried forward 14 €46,335 €73,359 +€27,024 +58.3%
Amounts payable 17/49 €29,012 €210 -€28,801 -99.3%
Amounts payable within one year 42/48 €29,012 €210 -€28,801 -99.3%
Trade debts 44 €771 €133 -€638 -82.7%
Suppliers 440/4 €771 €133 -€638 -82.7%
Taxes, remuneration and social security 45 €4,235 €22 -€4,214 -99.5%
Taxes 450/3 €4,235 - -€4,235
Remuneration and social security 454/9 - €22 +€22
Other amounts payable 47/48 €24,005 €55 -€23,950 -99.8%
Non-recurring operating income 76A - €1,334 +€1,334
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,655 €3,698 +€1,044 +39.3%
Other operating charges 640/8 €368 €705 +€337 +91.4%
Gross operating margin 9900 €63,925 €39,528 -€24,396 -38.2%
Operating profit (loss) 9901 €60,902 €35,125 -€25,777 -42.3%
Financial income 75/76B €12 €8 -€5 -37.5%
Recurring financial income 75 €12 €8 -€5 -37.5%
Financial charges 65/66B €1,206 €944 -€262 -21.7%
Recurring financial charges 65 €1,206 €944 -€262 -21.7%
Profit (loss) for the period before taxes 9903 €59,708 €34,189 -€25,519 -42.7%
Income taxes 67/77 €12,370 €7,165 -€5,205 -42.1%
Profit (loss) for the period 9904 €47,338 €27,024 -€20,314 -42.9%
Profit (loss) for the period to be appropriated 9905 €47,338 €27,024 -€20,314 -42.9%

Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.