DEER GROUP: 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.
DEER GROUP
Largest movements
- Receivables within one year +€18,127
up €18,127 (+17.9%), from €101,346 to €119,472
of which Other amounts receivable: +€29,235
- Cash -€16,955
down €16,955 (-95.6%), from €17,732 to €777
mainly Current portion of long-term debt (-€19,532) and Receivables within one year (-€18,127)
- Tangible fixed assets -€16,214
down €16,214 (-31.4%), from €51,635 to €35,421
of which Leasing and similar rights: -€32,698
- Profit (loss) carried forward +€24,459
up €24,459 (+31.0%), from €78,994 to €103,452
- Current portion of long-term debt -€19,532
down €19,532 (-58.1%), from €33,610 to €14,078
- Debts after one year -€14,078
down €14,078 (-64.1%), from €21,966 to €7,888
- Trade debts -€6,001
no longer reported in 2023 (was €6,001)
- Gross operating margin -€73,559
down €73,559 (-55.8%), from €131,809 to €58,250
- Depreciation -€13,300
down €13,300 (-45.1%), from €29,515 to €16,214
- Taxes -€9,932
down €9,932 (-57.7%), from €17,207 to €7,275
- Other operating charges -€5,058
down €5,058 (-39.7%), from €12,745 to €7,687
- Financial income +€2,529
new in 2023: €2,529
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,713 | €155,671 | -€15,043 | -8.8% |
| Fixed assets | 21/28 | €51,635 | €35,421 | -€16,214 | -31.4% |
| Tangible fixed assets | 22/27 | €51,635 | €35,421 | -€16,214 | -31.4% |
| Furniture and vehicles | 24 | €8,200 | €24,684 | +€16,484 | +201.0% |
| Leasing and similar rights | 25 | €43,435 | €10,737 | -€32,698 | -75.3% |
| Current assets | 29/58 | €119,078 | €120,250 | +€1,172 | +1.0% |
| Amounts receivable within one year | 40/41 | €101,346 | €119,472 | +€18,127 | +17.9% |
| Trade receivables | 40 | €39,403 | €28,295 | -€11,108 | -28.2% |
| Other amounts receivable | 41 | €61,943 | €91,177 | +€29,235 | +47.2% |
| Cash at bank and in hand | 54/58 | €17,732 | €777 | -€16,955 | -95.6% |
| Total equity and liabilities | 10/49 | €170,713 | €155,671 | -€15,043 | -8.8% |
| Equity | 10/15 | €83,994 | €108,452 | +€24,459 | +29.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,994 | €103,452 | +€24,459 | +31.0% |
| Amounts payable | 17/49 | €86,720 | €47,219 | -€39,501 | -45.6% |
| Amounts payable after more than one year | 17 | €21,966 | €7,888 | -€14,078 | -64.1% |
| Financial debts | 170/4 | €21,966 | €7,888 | -€14,078 | -64.1% |
| Amounts payable within one year | 42/48 | €64,753 | €39,330 | -€25,423 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €33,610 | €14,078 | -€19,532 | -58.1% |
| Trade debts | 44 | €6,001 | - | -€6,001 | |
| Suppliers | 440/4 | €6,001 | - | -€6,001 | |
| Taxes, remuneration and social security | 45 | €24,542 | €25,252 | +€710 | +2.9% |
| Taxes | 450/3 | €24,542 | €25,252 | +€710 | +2.9% |
| Other amounts payable | 47/48 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,515 | €16,214 | -€13,300 | -45.1% |
| Other operating charges | 640/8 | €12,745 | €7,687 | -€5,058 | -39.7% |
| Gross operating margin | 9900 | €131,809 | €58,250 | -€73,559 | -55.8% |
| Operating profit (loss) | 9901 | €89,549 | €34,348 | -€55,201 | -61.6% |
| Financial income | 75/76B | - | €2,529 | +€2,529 | |
| Recurring financial income | 75 | - | €2,529 | +€2,529 | |
| Financial charges | 65/66B | €3,738 | €5,145 | +€1,407 | +37.6% |
| Recurring financial charges | 65 | €3,738 | €5,145 | +€1,407 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €85,811 | €31,733 | -€54,078 | -63.0% |
| Income taxes | 67/77 | €17,207 | €7,275 | -€9,932 | -57.7% |
| Profit (loss) for the period | 9904 | €68,604 | €24,459 | -€44,145 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,604 | €24,459 | -€44,145 | -64.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.