A.H. DERDER: 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.
A.H. DERDER
Largest movements
- Receivables within one year +€21,526
up €21,526 (+42.2%), from €50,999 to €72,525
of which Trade receivables: +€41,648
- Tangible fixed assets +€9,040
up €9,040 (+18.1%), from €49,842 to €58,881
- Cash -€4,985
down €4,985 (-43.0%), from €11,591 to €6,606
mainly Investment in fixed assets (net) (-€30,170) and Receivables within one year (-€21,526)
- Deferred charges and accrued income +€3,011
up €3,011 (+13,568%), from €22 to €3,033
- Tax, wage and social debts +€22,643
new in 2025: €22,643
of which Remuneration and social security: +€19,955
- Other debts +€9,125
up €9,125 (+38.5%), from €23,693 to €32,818
- Trade debts -€4,088
down €4,088 (-13.3%), from €30,848 to €26,759
- Profit (loss) carried forward +€3,292
up €3,292 (+5.9%), from €55,368 to €58,660
- Advances received -€2,381
down €2,381 (-97.3%), from €2,446 to €65
- Gross operating margin +€37,872
up €37,872 (+252%), from €15,039 to €52,911
- Staff costs +€16,541
new in 2025: €16,541
- Depreciation +€6,940
up €6,940 (+48.9%), from €14,191 to €21,131
- Taxes -€5,090
down €5,090 (-49.2%), from €10,338 to €5,247
- Other operating charges +€4,194
up €4,194 (+184%), from €2,281 to €6,475
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,454 | €141,045 | +€28,591 | +25.4% |
| Fixed assets | 21/28 | €49,842 | €58,881 | +€9,040 | +18.1% |
| Tangible fixed assets | 22/27 | €49,842 | €58,881 | +€9,040 | +18.1% |
| Furniture and vehicles | 24 | €49,842 | €58,881 | +€9,040 | +18.1% |
| Current assets | 29/58 | €62,612 | €82,164 | +€19,552 | +31.2% |
| Amounts receivable within one year | 40/41 | €50,999 | €72,525 | +€21,526 | +42.2% |
| Trade receivables | 40 | €30,877 | €72,525 | +€41,648 | +135% |
| Other amounts receivable | 41 | €20,122 | - | -€20,122 | |
| Cash at bank and in hand | 54/58 | €11,591 | €6,606 | -€4,985 | -43.0% |
| Deferred charges and accrued income | 490/1 | €22 | €3,033 | +€3,011 | +13,568% |
| Total equity and liabilities | 10/49 | €112,454 | €141,045 | +€28,591 | +25.4% |
| Equity | 10/15 | €55,468 | €58,760 | +€3,292 | +5.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,368 | €58,660 | +€3,292 | +5.9% |
| Amounts payable | 17/49 | €56,986 | €82,285 | +€25,299 | +44.4% |
| Amounts payable within one year | 42/48 | €56,986 | €82,285 | +€25,299 | +44.4% |
| Trade debts | 44 | €30,848 | €26,759 | -€4,088 | -13.3% |
| Suppliers | 440/4 | €30,848 | €26,759 | -€4,088 | -13.3% |
| Advances received on contracts in progress | 46 | €2,446 | €65 | -€2,381 | -97.3% |
| Taxes, remuneration and social security | 45 | - | €22,643 | +€22,643 | |
| Taxes | 450/3 | - | €2,688 | +€2,688 | |
| Remuneration and social security | 454/9 | - | €19,955 | +€19,955 | |
| Other amounts payable | 47/48 | €23,693 | €32,818 | +€9,125 | +38.5% |
| Remuneration, social security and pensions | 62 | - | €16,541 | +€16,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,191 | €21,131 | +€6,940 | +48.9% |
| Other operating charges | 640/8 | €2,281 | €6,475 | +€4,194 | +184% |
| Gross operating margin | 9900 | €15,039 | €52,911 | +€37,872 | +252% |
| Operating profit (loss) | 9901 | -€1,433 | €8,764 | +€10,198 | |
| Financial charges | 65/66B | €385 | €225 | -€159 | -41.4% |
| Recurring financial charges | 65 | €385 | €225 | -€159 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,818 | €8,539 | +€10,357 | |
| Income taxes | 67/77 | €10,338 | €5,247 | -€5,090 | -49.2% |
| Profit (loss) for the period | 9904 | -€12,156 | €3,292 | +€15,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,156 | €3,292 | +€15,448 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.