DEEREN: 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.
DEEREN
Largest movements
- Tangible fixed assets +€152,677
up €152,677 (+15.5%), from €982,437 to €1.1m
of which Land and buildings: +€176,534
- Receivables within one year +€55,539
up €55,539 (+35.7%), from €155,515 to €211,054
of which Trade receivables: +€41,234
- Intangible fixed assets +€26,088
up €26,088 (+10033.7%), from €260 to €26,348
- Debts after one year +€127,706
up €127,706 (+23.0%), from €554,761 to €682,467
- Trade debts +€81,551
up €81,551 (+108.7%), from €75,012 to €156,563
- Short-term financial debts +€29,981
up €29,981 (+894.5%), from €3,352 to €33,333
- Tax, wage and social debts -€25,735
down €25,735 (-25.7%), from €100,212 to €74,477
of which Taxes: -€14,864
- Accrued charges and deferred income -€19,437
down €19,437 (-80.3%), from €24,213 to €4,775
- Staff costs +€37,950
up €37,950 (+9.4%), from €404,774 to €442,724
- Gross operating margin +€27,091
up €27,091 (+4.2%), from €641,943 to €669,033
- Depreciation -€21,386
down €21,386 (-11.7%), from €182,202 to €160,817
- Financial charges +€10,076
up €10,076 (+52.9%), from €19,060 to €29,136
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 | €1,423,842 | €1,651,271 | +€227,429 | +16.0% |
| Fixed assets | 21/28 | €982,697 | €1,161,462 | +€178,765 | +18.2% |
| Intangible fixed assets | 21 | €260 | €26,348 | +€26,088 | +10033.7% |
| Tangible fixed assets | 22/27 | €982,437 | €1,135,114 | +€152,677 | +15.5% |
| Land and buildings | 22 | €589,409 | €765,943 | +€176,534 | +30.0% |
| Plant, machinery and equipment | 23 | €290,027 | €280,325 | -€9,702 | -3.3% |
| Furniture and vehicles | 24 | €103,001 | €88,846 | -€14,155 | -13.7% |
| Current assets | 29/58 | €441,145 | €489,810 | +€48,665 | +11.0% |
| Stocks and contracts in progress | 3 | €237,135 | €229,787 | -€7,348 | -3.1% |
| Stocks | 30/36 | €237,135 | €229,787 | -€7,348 | -3.1% |
| Amounts receivable within one year | 40/41 | €155,515 | €211,054 | +€55,539 | +35.7% |
| Trade receivables | 40 | €147,036 | €188,270 | +€41,234 | +28.0% |
| Other amounts receivable | 41 | €8,479 | €22,785 | +€14,305 | +168.7% |
| Cash at bank and in hand | 54/58 | €44,987 | €46,871 | +€1,883 | +4.2% |
| Deferred charges and accrued income | 490/1 | €3,508 | €2,098 | -€1,410 | -40.2% |
| Total equity and liabilities | 10/49 | €1,423,842 | €1,651,271 | +€227,429 | +16.0% |
| Equity | 10/15 | €478,386 | €496,304 | +€17,918 | +3.7% |
| Contributions | 10/11 | €234,765 | €234,765 | = | 0.0% |
| Reserves | 13 | €243,621 | €261,539 | +€17,918 | +7.4% |
| Distributable reserves | 133 | €243,621 | €261,539 | +€17,918 | +7.4% |
| Amounts payable | 17/49 | €945,456 | €1,154,967 | +€209,511 | +22.2% |
| Amounts payable after more than one year | 17 | €554,761 | €682,467 | +€127,706 | +23.0% |
| Financial debts | 170/4 | €554,761 | €682,467 | +€127,706 | +23.0% |
| Amounts payable within one year | 42/48 | €366,483 | €467,725 | +€101,242 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €85,095 | €91,740 | +€6,646 | +7.8% |
| Financial debts | 43 | €3,352 | €33,333 | +€29,981 | +894.5% |
| Credit institutions | 430/8 | €3,352 | €33,333 | +€29,981 | +894.5% |
| Trade debts | 44 | €75,012 | €156,563 | +€81,551 | +108.7% |
| Suppliers | 440/4 | €75,012 | €156,563 | +€81,551 | +108.7% |
| Advances received on contracts in progress | 46 | €2,215 | €690 | -€1,526 | -68.9% |
| Taxes, remuneration and social security | 45 | €100,212 | €74,477 | -€25,735 | -25.7% |
| Taxes | 450/3 | €19,513 | €4,649 | -€14,864 | -76.2% |
| Remuneration and social security | 454/9 | €80,699 | €69,828 | -€10,871 | -13.5% |
| Other amounts payable | 47/48 | €100,596 | €110,921 | +€10,325 | +10.3% |
| Accrued charges and deferred income | 492/3 | €24,213 | €4,775 | -€19,437 | -80.3% |
| Remuneration, social security and pensions | 62 | €404,774 | €442,724 | +€37,950 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,202 | €160,817 | -€21,386 | -11.7% |
| Other operating charges | 640/8 | €9,976 | €12,191 | +€2,214 | +22.2% |
| Gross operating margin | 9900 | €641,943 | €669,033 | +€27,091 | +4.2% |
| Operating profit (loss) | 9901 | €44,990 | €53,302 | +€8,312 | +18.5% |
| Financial income | 75/76B | €268 | €116 | -€152 | -56.6% |
| Recurring financial income | 75 | €268 | €116 | -€152 | -56.6% |
| Financial charges | 65/66B | €19,060 | €29,136 | +€10,076 | +52.9% |
| Recurring financial charges | 65 | €19,060 | €29,136 | +€10,076 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €26,198 | €24,282 | -€1,916 | -7.3% |
| Income taxes | 67/77 | €6,183 | €5,532 | -€651 | -10.5% |
| Profit (loss) for the period | 9904 | €20,015 | €18,751 | -€1,264 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,015 | €18,751 | -€1,264 | -6.3% |
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 30 September 2026 via checked.be.