C.D.DERM: 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.
C.D.DERM
Largest movements
- Current investments -€660,000
down €660,000 (-73.3%), from €900,000 to €240,000
- Cash +€148,634
up €148,634 (+49.5%), from €300,181 to €448,815
mainly Current investments (+€660,000) and Net result for the year (+€260,262)
- Receivables within one year +€32,838
up €32,838 (+72.2%), from €45,484 to €78,323
of which Other amounts receivable: +€22,928
- Reserves -€470,000
down €470,000 (-39.8%), from €1.2m to €711,860
- Other debts +€106,121
up €106,121 (+65.9%), from €161,100 to €267,221
- Provisions -€98,987
down €98,987 (-100.0%), from €98,987 to €0
- Tax, wage and social debts -€16,337
down €16,337 (-24.0%), from €68,138 to €51,801
- Provisions -€197,974
down €197,974, from €98,987 to -€98,987
- Financial charges +€118,718
up €118,718 (+5388.9%), from €2,203 to €120,921
- Taxes -€30,229
down €30,229 (-26.3%), from €114,796 to €84,567
- Gross operating margin -€24,609
down €24,609 (-6.2%), from €394,824 to €370,215
- Financial income -€6,979
down €6,979 (-23.2%), from €30,094 to €23,115
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.
Cash bridge derived
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 | €1,550,846 | €1,058,908 | -€491,938 | -31.7% |
| Fixed assets | 21/28 | €75,468 | €75,922 | +€454 | +0.6% |
| Intangible fixed assets | 21 | €3,334 | €2,564 | -€770 | -23.1% |
| Tangible fixed assets | 22/27 | €71,134 | €72,358 | +€1,224 | +1.7% |
| Plant, machinery and equipment | 23 | €3,788 | €2,221 | -€1,567 | -41.4% |
| Furniture and vehicles | 24 | €24,409 | €22,909 | -€1,500 | -6.1% |
| Other tangible fixed assets | 26 | €42,937 | €47,228 | +€4,290 | +10.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,475,378 | €982,986 | -€492,392 | -33.4% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €20,655 | €12,793 | -€7,862 | -38.1% |
| Stocks | 30/36 | €20,655 | €12,793 | -€7,862 | -38.1% |
| Amounts receivable within one year | 40/41 | €45,484 | €78,323 | +€32,838 | +72.2% |
| Trade receivables | 40 | €15,494 | €25,404 | +€9,910 | +64.0% |
| Other amounts receivable | 41 | €29,990 | €52,918 | +€22,928 | +76.5% |
| Current investments | 50/53 | €900,000 | €240,000 | -€660,000 | -73.3% |
| Cash at bank and in hand | 54/58 | €300,181 | €448,815 | +€148,634 | +49.5% |
| Deferred charges and accrued income | 490/1 | €19,058 | €13,055 | -€6,003 | -31.5% |
| Total equity and liabilities | 10/49 | €1,550,846 | €1,058,908 | -€491,938 | -31.7% |
| Equity | 10/15 | €1,204,305 | €734,568 | -€469,738 | -39.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,181,860 | €711,860 | -€470,000 | -39.8% |
| Distributable reserves | 133 | €1,181,860 | €711,860 | -€470,000 | -39.8% |
| Profit (loss) carried forward | 14 | €10,045 | €10,308 | +€262 | +2.6% |
| Provisions and deferred taxes | 16 | €98,987 | €0 | -€98,987 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €98,987 | €0 | -€98,987 | -100.0% |
| Other liabilities and charges | 164/5 | €98,987 | €0 | -€98,987 | -100.0% |
| Amounts payable | 17/49 | €247,554 | €324,340 | +€76,787 | +31.0% |
| Amounts payable within one year | 42/48 | €246,380 | €324,259 | +€77,880 | +31.6% |
| Trade debts | 44 | €17,142 | €5,237 | -€11,905 | -69.4% |
| Suppliers | 440/4 | €17,142 | €5,237 | -€11,905 | -69.4% |
| Taxes, remuneration and social security | 45 | €68,138 | €51,801 | -€16,337 | -24.0% |
| Taxes | 450/3 | €68,138 | €51,801 | -€16,337 | -24.0% |
| Other amounts payable | 47/48 | €161,100 | €267,221 | +€106,121 | +65.9% |
| Accrued charges and deferred income | 492/3 | €1,174 | €81 | -€1,093 | -93.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,345 | €24,413 | +€4,067 | +20.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €98,987 | -€98,987 | -€197,974 | |
| Other operating charges | 640/8 | €2,091 | €2,154 | +€63 | +3.0% |
| Gross operating margin | 9900 | €394,824 | €370,215 | -€24,609 | -6.2% |
| Operating profit (loss) | 9901 | €273,401 | €442,636 | +€169,235 | +61.9% |
| Financial income | 75/76B | €30,094 | €23,115 | -€6,979 | -23.2% |
| Recurring financial income | 75 | €30,094 | €23,115 | -€6,979 | -23.2% |
| Financial charges | 65/66B | €2,203 | €120,921 | +€118,718 | +5388.9% |
| Recurring financial charges | 65 | €2,203 | €120,921 | +€118,718 | +5388.9% |
| Profit (loss) for the period before taxes | 9903 | €301,292 | €344,830 | +€43,538 | +14.5% |
| Income taxes | 67/77 | €114,796 | €84,567 | -€30,229 | -26.3% |
| Profit (loss) for the period | 9904 | €186,496 | €260,262 | +€73,766 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €186,496 | €260,262 | +€73,766 | +39.6% |
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 7 October 2026 via checked.be.