DER-Invest: what changed
DER-Invest
Largest movements
- Cash +€80,249
up €80,249 (+2,455%), from €3,268 to €83,517
mainly Net result for the year (+€43,349) and Receivables within one year (+€26,524)
- Receivables within one year -€26,524
down €26,524 (-27.8%), from €95,254 to €68,730
of which Trade receivables: -€26,520
- Reserves +€43,349
up €43,349 (+98.7%), from €43,899 to €87,249
- Other debts +€11,789
up €11,789 (+55.9%), from €21,106 to €32,895
- Tax, wage and social debts -€3,219
down €3,219 (-11.3%), from €28,386 to €25,167
of which Remuneration and social security: -€3,399
- Taxes +€7,127
up €7,127 (+64.9%), from €10,975 to €18,102
- Gross operating margin +€2,397
up €2,397 (+3.9%), from €61,063 to €63,460
- Financial charges +€1,502
up €1,502 (+1,816%), from €83 to €1,585
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,582 | €152,307 | +€53,725 | +54.5% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €98,522 | €152,247 | +€53,725 | +54.5% |
| Amounts receivable within one year | 40/41 | €95,254 | €68,730 | -€26,524 | -27.8% |
| Trade receivables | 40 | €95,250 | €68,730 | -€26,520 | -27.8% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €3,268 | €83,517 | +€80,249 | +2,455% |
| Total equity and liabilities | 10/49 | €98,582 | €152,307 | +€53,725 | +54.5% |
| Equity | 10/15 | €48,899 | €92,249 | +€43,349 | +88.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,899 | €87,249 | +€43,349 | +98.7% |
| Distributable reserves | 133 | €43,899 | €87,249 | +€43,349 | +98.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,682 | €60,058 | +€10,376 | +20.9% |
| Amounts payable within one year | 42/48 | €49,682 | €59,434 | +€9,751 | +19.6% |
| Trade debts | 44 | €190 | €1,371 | +€1,181 | +621% |
| Suppliers | 440/4 | €190 | €1,371 | +€1,181 | +621% |
| Taxes, remuneration and social security | 45 | €28,386 | €25,167 | -€3,219 | -11.3% |
| Taxes | 450/3 | €24,987 | €25,167 | +€180 | +0.7% |
| Remuneration and social security | 454/9 | €3,399 | €0 | -€3,399 | -100% |
| Other amounts payable | 47/48 | €21,106 | €32,895 | +€11,789 | +55.9% |
| Accrued charges and deferred income | 492/3 | - | €624 | +€624 | |
| Other operating charges | 640/8 | €525 | €424 | -€101 | -19.2% |
| Gross operating margin | 9900 | €61,063 | €63,460 | +€2,397 | +3.9% |
| Operating profit (loss) | 9901 | €60,538 | €63,036 | +€2,498 | +4.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €83 | €1,585 | +€1,502 | +1,816% |
| Recurring financial charges | 65 | €83 | €1,585 | +€1,502 | +1,816% |
| Profit (loss) for the period before taxes | 9903 | €60,455 | €61,451 | +€996 | +1.6% |
| Income taxes | 67/77 | €10,975 | €18,102 | +€7,127 | +64.9% |
| Profit (loss) for the period | 9904 | €49,480 | €43,349 | -€6,131 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,480 | €43,349 | -€6,131 | -12.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.