Deertrans: 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.
Deertrans
Largest movements
- Receivables within one year -€664,625
down €664,625 (-33.2%), from €2.0m to €1.3m
of which Other amounts receivable: -€718,088
- Cash +€52,501
up €52,501 (+35.9%), from €146,331 to €198,832
mainly Receivables within one year (+€664,625) and Depreciation (+€138,056)
- Trade debts -€343,757
down €343,757 (-33.3%), from €1.0m to €689,266
- Profit (loss) carried forward -€244,921
down €244,921 (-342.0%), from -€71,608 to -€316,529
- Short-term financial debts -€135,734
down €135,734 (-24.3%), from €559,528 to €423,794
- Other debts +€71,959
up €71,959 (+17.5%), from €411,843 to €483,802
- Gross operating margin +€1.3m
up €1.3m (+49.0%), from €2.6m to €3.9m
- Staff costs +€1.1m
up €1.1m (+38.4%), from €2.8m to €3.9m
- Depreciation +€131,148
up €131,148 (+1898.4%), from €6,908 to €138,056
- Financial income -€118,890
down €118,890 (-99.7%), from €119,215 to €324
of which Non-recurring financial income: -€107,208
- Other operating charges +€42,167
up €42,167 (+1203.2%), from €3,505 to €45,671
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,602,504 | €1,988,616 | -€613,889 | -23.6% |
| Fixed assets | 21/28 | €429,915 | €412,044 | -€17,871 | -4.2% |
| Tangible fixed assets | 22/27 | €429,915 | €412,044 | -€17,871 | -4.2% |
| Plant, machinery and equipment | 23 | €122,863 | €98,163 | -€24,700 | -20.1% |
| Furniture and vehicles | 24 | €255,781 | €241,656 | -€14,125 | -5.5% |
| Leasing and similar rights | 25 | €51,271 | €66,788 | +€15,517 | +30.3% |
| Other tangible fixed assets | 26 | - | €5,437 | +€5,437 | |
| Current assets | 29/58 | €2,172,589 | €1,576,571 | -€596,018 | -27.4% |
| Amounts receivable within one year | 40/41 | €2,002,249 | €1,337,624 | -€664,625 | -33.2% |
| Trade receivables | 40 | €1,271,847 | €1,325,310 | +€53,463 | +4.2% |
| Other amounts receivable | 41 | €730,401 | €12,313 | -€718,088 | -98.3% |
| Cash at bank and in hand | 54/58 | €146,331 | €198,832 | +€52,501 | +35.9% |
| Deferred charges and accrued income | 490/1 | €24,009 | €40,116 | +€16,107 | +67.1% |
| Total equity and liabilities | 10/49 | €2,602,504 | €1,988,616 | -€613,889 | -23.6% |
| Equity | 10/15 | -€27,608 | -€272,529 | -€244,921 | -887.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,608 | -€316,529 | -€244,921 | -342.0% |
| Amounts payable | 17/49 | €2,630,112 | €2,261,144 | -€368,968 | -14.0% |
| Amounts payable after more than one year | 17 | €40,707 | €49,859 | +€9,153 | +22.5% |
| Financial debts | 170/4 | €40,707 | €49,859 | +€9,153 | +22.5% |
| Amounts payable within one year | 42/48 | €2,589,403 | €2,205,973 | -€383,430 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €64,117 | €72,307 | +€8,190 | +12.8% |
| Financial debts | 43 | €559,528 | €423,794 | -€135,734 | -24.3% |
| Credit institutions | 430/8 | €559,528 | €423,794 | -€135,734 | -24.3% |
| Trade debts | 44 | €1,033,023 | €689,266 | -€343,757 | -33.3% |
| Suppliers | 440/4 | €1,033,023 | €689,266 | -€343,757 | -33.3% |
| Taxes, remuneration and social security | 45 | €520,893 | €536,805 | +€15,912 | +3.1% |
| Taxes | 450/3 | €24,758 | €36,214 | +€11,456 | +46.3% |
| Remuneration and social security | 454/9 | €496,135 | €500,591 | +€4,456 | +0.9% |
| Other amounts payable | 47/48 | €411,843 | €483,802 | +€71,959 | +17.5% |
| Accrued charges and deferred income | 492/3 | €2 | €5,311 | +€5,309 | +256491.8% |
| Remuneration, social security and pensions | 62 | €2,810,931 | €3,890,809 | +€1.1m | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,908 | €138,056 | +€131,148 | +1898.4% |
| Other operating charges | 640/8 | €3,505 | €45,671 | +€42,167 | +1203.2% |
| Non-recurring operating charges | 66A | - | €30,001 | +€30,001 | |
| Gross operating margin | 9900 | €2,639,235 | €3,931,515 | +€1.3m | +49.0% |
| Operating profit (loss) | 9901 | -€182,108 | -€173,022 | +€9,086 | +5.0% |
| Financial income | 75/76B | €119,215 | €324 | -€118,890 | -99.7% |
| Recurring financial income | 75 | €12,007 | €324 | -€11,682 | -97.3% |
| Non-recurring financial income | 76B | €107,208 | €0 | -€107,208 | -100.0% |
| Financial charges | 65/66B | €40,606 | €72,223 | +€31,617 | +77.9% |
| Recurring financial charges | 65 | €40,606 | €72,223 | +€31,617 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | -€103,500 | -€244,921 | -€141,421 | -136.6% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | -€103,501 | -€244,921 | -€141,420 | -136.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,501 | -€244,921 | -€141,420 | -136.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.