DERA: 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.
DERA
Largest movements
- Tangible fixed assets -€151,301
down €151,301 (-100.0%), from €151,301 to €0
- Other debts -€215,464
down €215,464 (-35.2%), from €612,059 to €396,595
- Profit (loss) carried forward +€72,954
up €72,954 (+48.9%), from €149,341 to €222,294
- Tax, wage and social debts -€28,086
down €28,086 (-87.8%), from €32,005 to €3,919
- Gross operating margin +€94,331
up €94,331, from -€3,992 to €90,339
- Financial income -€69,433
down €69,433 (-98.6%), from €70,391 to €959
- Financial charges +€15,049
up €15,049 (+6913.5%), from €218 to €15,267
- Depreciation -€5,945
down €5,945 (-100.0%), from €5,945 to €0
- Other operating charges -€1,438
down €1,438 (-39.3%), from €3,655 to €2,217
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 | €1,590,552 | €1,429,652 | -€160,900 | -10.1% |
| Fixed assets | 21/28 | €1,560,564 | €1,409,264 | -€151,301 | -9.7% |
| Tangible fixed assets | 22/27 | €151,301 | €0 | -€151,301 | -100.0% |
| Land and buildings | 22 | €151,301 | €0 | -€151,301 | -100.0% |
| Financial fixed assets | 28 | €1,409,264 | €1,409,264 | = | 0.0% |
| Current assets | 29/58 | €29,988 | €20,389 | -€9,599 | -32.0% |
| Amounts receivable within one year | 40/41 | €21,969 | €15,451 | -€6,519 | -29.7% |
| Trade receivables | 40 | - | €484 | +€484 | |
| Other amounts receivable | 41 | €21,969 | €14,967 | -€7,003 | -31.9% |
| Cash at bank and in hand | 54/58 | €3,138 | €4,938 | +€1,801 | +57.4% |
| Deferred charges and accrued income | 490/1 | €4,881 | €0 | -€4,881 | -100.0% |
| Total equity and liabilities | 10/49 | €1,590,552 | €1,429,652 | -€160,900 | -10.1% |
| Equity | 10/15 | €943,859 | €1,016,813 | +€72,954 | +7.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €732,519 | €732,519 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €726,319 | €726,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,341 | €222,294 | +€72,954 | +48.9% |
| Amounts payable | 17/49 | €646,693 | €412,839 | -€233,854 | -36.2% |
| Amounts payable within one year | 42/48 | €646,487 | €401,566 | -€244,920 | -37.9% |
| Trade debts | 44 | €2,423 | €1,052 | -€1,371 | -56.6% |
| Suppliers | 440/4 | €2,423 | €1,052 | -€1,371 | -56.6% |
| Taxes, remuneration and social security | 45 | €32,005 | €3,919 | -€28,086 | -87.8% |
| Taxes | 450/3 | €32,005 | €3,919 | -€28,086 | -87.8% |
| Other amounts payable | 47/48 | €612,059 | €396,595 | -€215,464 | -35.2% |
| Accrued charges and deferred income | 492/3 | €206 | €11,273 | +€11,067 | +5367.5% |
| Non-recurring operating income | 76A | - | €103,699 | +€103,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,945 | €0 | -€5,945 | -100.0% |
| Other operating charges | 640/8 | €3,655 | €2,217 | -€1,438 | -39.3% |
| Non-recurring operating charges | 66A | - | €861 | +€861 | |
| Gross operating margin | 9900 | -€3,992 | €90,339 | +€94,331 | |
| Operating profit (loss) | 9901 | -€13,591 | €87,262 | +€100,853 | |
| Financial income | 75/76B | €70,391 | €959 | -€69,433 | -98.6% |
| Recurring financial income | 75 | €70,391 | €959 | -€69,433 | -98.6% |
| Financial charges | 65/66B | €218 | €15,267 | +€15,049 | +6913.5% |
| Recurring financial charges | 65 | €218 | €15,267 | +€15,049 | +6913.5% |
| Profit (loss) for the period before taxes | 9903 | €56,582 | €72,954 | +€16,371 | +28.9% |
| Profit (loss) for the period | 9904 | €56,582 | €72,954 | +€16,371 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,582 | €72,954 | +€16,371 | +28.9% |
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 10 October 2026 via checked.be.