DEER CITY: 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.
DEER CITY
Largest movements
- Receivables within one year -€109,758
down €109,758 (-66.9%), from €164,117 to €54,358
of which Trade receivables: -€66,626
- Deferred charges and accrued income +€38,835
up €38,835 (+2,733%), from €1,421 to €40,256
- Tangible fixed assets -€26,275
down €26,275 (-26.8%), from €97,884 to €71,609
of which Furniture and vehicles: -€24,314
- Cash -€25,146
down €25,146 (-24.6%), from €102,335 to €77,189
mainly Accrued charges and deferred income (-€68,562) and Contributions, distributions and other (-€56,423)
- Stocks and contracts -€4,903
no longer reported in 2025 (was €4,903)
- Accrued charges and deferred income -€68,562
no longer reported in 2025 (was €68,562)
- Reserves -€56,423
down €56,423 (-31.5%), from €178,998 to €122,575
- Advances received +€40,000
new in 2025: €40,000
- Tax, wage and social debts -€20,853
down €20,853 (-84.4%), from €24,694 to €3,841
of which Taxes: -€15,813
- Debts after one year -€18,071
down €18,071 (-40.5%), from €44,629 to €26,558
- Gross operating margin -€11,874
down €11,874 (-15.9%), from €74,484 to €62,610
- Depreciation +€11,744
up €11,744 (+80.8%), from €14,532 to €26,275
- Staff costs +€9,197
up €9,197 (+110%), from €8,333 to €17,530
- Taxes -€7,775
down €7,775 (-57.3%), from €13,577 to €5,802
- Other operating charges +€1,005
up €1,005 (+15.7%), from €6,388 to €7,393
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 | €370,660 | €243,412 | -€127,248 | -34.3% |
| Fixed assets | 21/28 | €97,884 | €71,609 | -€26,275 | -26.8% |
| Tangible fixed assets | 22/27 | €97,884 | €71,609 | -€26,275 | -26.8% |
| Plant, machinery and equipment | 23 | €1,644 | €770 | -€875 | -53.2% |
| Furniture and vehicles | 24 | €90,247 | €65,933 | -€24,314 | -26.9% |
| Other tangible fixed assets | 26 | €5,992 | €4,906 | -€1,086 | -18.1% |
| Current assets | 29/58 | €272,776 | €171,804 | -€100,972 | -37.0% |
| Stocks and contracts in progress | 3 | €4,903 | - | -€4,903 | |
| Stocks | 30/36 | €4,903 | - | -€4,903 | |
| Amounts receivable within one year | 40/41 | €164,117 | €54,358 | -€109,758 | -66.9% |
| Trade receivables | 40 | €67,512 | €886 | -€66,626 | -98.7% |
| Other amounts receivable | 41 | €96,605 | €53,472 | -€43,132 | -44.6% |
| Cash at bank and in hand | 54/58 | €102,335 | €77,189 | -€25,146 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,421 | €40,256 | +€38,835 | +2,733% |
| Total equity and liabilities | 10/49 | €370,660 | €243,412 | -€127,248 | -34.3% |
| Equity | 10/15 | €203,787 | €149,066 | -€54,721 | -26.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €178,998 | €122,575 | -€56,423 | -31.5% |
| Distributable reserves | 133 | €178,998 | €122,575 | -€56,423 | -31.5% |
| Profit (loss) carried forward | 14 | - | €1,702 | +€1,702 | |
| Amounts payable | 17/49 | €166,873 | €94,346 | -€72,527 | -43.5% |
| Amounts payable after more than one year | 17 | €44,629 | €26,558 | -€18,071 | -40.5% |
| Financial debts | 170/4 | €44,629 | €26,558 | -€18,071 | -40.5% |
| Amounts payable within one year | 42/48 | €53,681 | €67,787 | +€14,106 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €27,108 | €22,071 | -€5,037 | -18.6% |
| Trade debts | 44 | €1,879 | €1,876 | -€3 | -0.2% |
| Suppliers | 440/4 | €1,879 | €1,876 | -€3 | -0.2% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €24,694 | €3,841 | -€20,853 | -84.4% |
| Taxes | 450/3 | €17,648 | €1,835 | -€15,813 | -89.6% |
| Remuneration and social security | 454/9 | €7,046 | €2,005 | -€5,041 | -71.5% |
| Accrued charges and deferred income | 492/3 | €68,562 | - | -€68,562 | |
| Non-recurring operating income | 76A | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €8,333 | €17,530 | +€9,197 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,532 | €26,275 | +€11,744 | +80.8% |
| Other operating charges | 640/8 | €6,388 | €7,393 | +€1,005 | +15.7% |
| Gross operating margin | 9900 | €74,484 | €62,610 | -€11,874 | -15.9% |
| Operating profit (loss) | 9901 | €45,230 | €11,411 | -€33,820 | -74.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +12,225% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +12,225% |
| Financial charges | 65/66B | €4,264 | €3,912 | -€353 | -8.3% |
| Recurring financial charges | 65 | €4,264 | €3,912 | -€353 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €40,966 | €7,504 | -€33,462 | -81.7% |
| Income taxes | 67/77 | €13,577 | €5,802 | -€7,775 | -57.3% |
| Profit (loss) for the period | 9904 | €27,389 | €1,702 | -€25,687 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,389 | €1,702 | -€25,687 | -93.8% |
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 15 October 2026 via checked.be.