DEER ENERGY: 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 ENERGY
Largest movements
- Cash +€81,402
up €81,402 (+512%), from €15,912 to €97,314
mainly Net result for the year (+€97,574) and Tax, wage and social debts (+€31,555)
- Receivables within one year +€62,680
up €62,680 (+320%), from €19,585 to €82,266
of which Trade receivables: +€60,097
- Stocks and contracts -€22,618
no longer reported in 2025 (was €22,618)
- Tangible fixed assets +€6,072
up €6,072 (+123%), from €4,920 to €10,992
- Profit (loss) carried forward +€69,002
up €69,002 (+182%), from €37,866 to €106,868
- Tax, wage and social debts +€31,555
up €31,555 (+184%), from €17,175 to €48,730
of which Taxes: +€30,055
- Other debts +€20,000
new in 2025: €20,000
- Debts after one year +€3,407
new in 2025: €3,407
- Trade debts +€1,972
up €1,972 (+57.2%), from €3,447 to €5,418
- Gross operating margin +€121,590
up €121,590 (+207%), from €58,641 to €180,230
- Staff costs +€22,934
up €22,934 (+1,796%), from €1,277 to €24,211
- Taxes +€20,864
up €20,864 (+137%), from €15,175 to €36,039
- Write-downs +€12,927
new in 2025: €12,927
- Depreciation +€3,700
up €3,700 (+652%), from €568 to €4,268
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 | €63,488 | €190,933 | +€127,445 | +201% |
| Fixed assets | 21/28 | €5,372 | €11,353 | +€5,981 | +111% |
| Intangible fixed assets | 21 | €370 | €280 | -€91 | -24.5% |
| Tangible fixed assets | 22/27 | €4,920 | €10,992 | +€6,072 | +123% |
| Furniture and vehicles | 24 | €4,920 | €10,992 | +€6,072 | +123% |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €58,115 | €179,580 | +€121,465 | +209% |
| Stocks and contracts in progress | 3 | €22,618 | - | -€22,618 | |
| Stocks | 30/36 | €22,618 | - | -€22,618 | |
| Amounts receivable within one year | 40/41 | €19,585 | €82,266 | +€62,680 | +320% |
| Trade receivables | 40 | €4,148 | €64,245 | +€60,097 | +1,449% |
| Other amounts receivable | 41 | €15,437 | €18,021 | +€2,583 | +16.7% |
| Cash at bank and in hand | 54/58 | €15,912 | €97,314 | +€81,402 | +512% |
| Total equity and liabilities | 10/49 | €63,488 | €190,933 | +€127,445 | +201% |
| Equity | 10/15 | €42,866 | €111,868 | +€69,002 | +161% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,866 | €106,868 | +€69,002 | +182% |
| Amounts payable | 17/49 | €20,622 | €79,065 | +€58,443 | +283% |
| Amounts payable after more than one year | 17 | - | €3,407 | +€3,407 | |
| Financial debts | 170/4 | - | €3,407 | +€3,407 | |
| Amounts payable within one year | 42/48 | €20,622 | €75,658 | +€55,036 | +267% |
| Current portion of amounts payable after more than one year | 42 | - | €1,509 | +€1,509 | |
| Trade debts | 44 | €3,447 | €5,418 | +€1,972 | +57.2% |
| Suppliers | 440/4 | €3,447 | €5,418 | +€1,972 | +57.2% |
| Taxes, remuneration and social security | 45 | €17,175 | €48,730 | +€31,555 | +184% |
| Taxes | 450/3 | €15,175 | €45,230 | +€30,055 | +198% |
| Remuneration and social security | 454/9 | €2,000 | €3,500 | +€1,500 | +75.0% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €1,277 | €24,211 | +€22,934 | +1,796% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €4,268 | +€3,700 | +652% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,927 | +€12,927 | |
| Other operating charges | 640/8 | €2,752 | €2,141 | -€611 | -22.2% |
| Gross operating margin | 9900 | €58,641 | €180,230 | +€121,590 | +207% |
| Operating profit (loss) | 9901 | €54,044 | €136,685 | +€82,640 | +153% |
| Financial income | 75/76B | €74 | €111 | +€38 | +51.2% |
| Recurring financial income | 75 | €74 | €111 | +€38 | +51.2% |
| Financial charges | 65/66B | €1,077 | €3,184 | +€2,107 | +196% |
| Recurring financial charges | 65 | €1,077 | €3,184 | +€2,107 | +196% |
| Profit (loss) for the period before taxes | 9903 | €53,041 | €133,612 | +€80,571 | +152% |
| Income taxes | 67/77 | €15,175 | €36,039 | +€20,864 | +137% |
| Profit (loss) for the period | 9904 | €37,866 | €97,574 | +€59,708 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €37,866 | €97,574 | +€59,708 | +158% |
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 27 October 2026 via checked.be.