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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

DEHADECO

BE 0805.793.945
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€301,255
2024 · -€29,443+€330,699
Equity
€1.0m
2024 · €720,557+€301,255
Cash
€32,282
2024 · €30,249+€2,033
Balance sheet total
€2.4m
2024 · €2.4m+€74,328

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€72,267

    up €72,267 (+230.0%), from €31,424 to €103,691

    of which Trade receivables: +€73,650

Equity and liabilities
  • Reserves +€271,812

    new in 2025: €271,812

  • Debts after one year -€233,767

    down €233,767 (-15.9%), from €1.5m to €1.2m

    of which Financial debts: -€173,767

  • Profit (loss) carried forward +€29,443

    up €29,443, from -€29,443 to €0

Income statement
  • Financial income +€300,000

    new in 2025: €300,000

  • Gross operating margin +€32,804

    up €32,804 (+144.3%), from €22,737 to €55,540

  • Financial charges +€1,979

    up €1,979 (+3.8%), from €52,180 to €54,159

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 -€29,443
Gross operating margin +€32,804
Other operating charges -€126
Financial income +€300,000
Financial charges -€1,979
Result 2025 €301,255

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 +€228,987
Investment €0
Financing -€226,954
Cash 2024 €30,249
Net result for the year +€301,255
Receivables within one year -€72,267
Smaller working-capital items -€2
Debts after one year -€233,767
Current portion of long-term debt +€6,814
Cash 2025 €32,282
Every line side by side 32 lines
Line Code 2024 2025 Change %
Total assets 20/58 €2,361,673 €2,436,001 +€74,328 +3.1%
Fixed assets 21/28 €2,300,000 €2,300,000 = 0.0%
Financial fixed assets 28 €2,300,000 €2,300,000 = 0.0%
Current assets 29/58 €61,673 €136,001 +€74,328 +120.5%
Amounts receivable within one year 40/41 €31,424 €103,691 +€72,267 +230.0%
Trade receivables 40 €30,000 €103,650 +€73,650 +245.5%
Other amounts receivable 41 €1,424 €41 -€1,383 -97.1%
Cash at bank and in hand 54/58 €30,249 €32,282 +€2,033 +6.7%
Deferred charges and accrued income 490/1 - €28 +€28
Total equity and liabilities 10/49 €2,361,673 €2,436,001 +€74,328 +3.1%
Equity 10/15 €720,557 €1,021,812 +€301,255 +41.8%
Contributions 10/11 €750,000 €750,000 = 0.0%
Reserves 13 - €271,812 +€271,812
Distributable reserves 133 - €271,812 +€271,812
Profit (loss) carried forward 14 -€29,443 €0 +€29,443
Amounts payable 17/49 €1,641,117 €1,414,189 -€226,928 -13.8%
Amounts payable after more than one year 17 €1,470,413 €1,236,646 -€233,767 -15.9%
Financial debts 170/4 €1,315,413 €1,141,646 -€173,767 -13.2%
Other amounts payable 178/9 €155,000 €95,000 -€60,000 -38.7%
Amounts payable within one year 42/48 €166,954 €173,767 +€6,814 +4.1%
Current portion of amounts payable after more than one year 42 €166,954 €173,767 +€6,814 +4.1%
Accrued charges and deferred income 492/3 €3,750 €3,776 +€26 +0.7%
Other operating charges 640/8 - €126 +€126
Gross operating margin 9900 €22,737 €55,540 +€32,804 +144.3%
Operating profit (loss) 9901 €22,737 €55,414 +€32,678 +143.7%
Financial income 75/76B - €300,000 +€300,000
Recurring financial income 75 - €300,000 +€300,000
Financial charges 65/66B €52,180 €54,159 +€1,979 +3.8%
Recurring financial charges 65 €52,180 €54,159 +€1,979 +3.8%
Profit (loss) for the period before taxes 9903 -€29,443 €301,255 +€330,699
Profit (loss) for the period 9904 -€29,443 €301,255 +€330,699
Profit (loss) for the period to be appropriated 9905 -€29,443 €301,255 +€330,699

Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.