DERA: 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.
DERA
Largest movements
- Cash +€349,503
up €349,503 (+266.4%), from €131,181 to €480,684
mainly Net result for the year (+€395,411) and Receivables within one year (+€30,633)
- Receivables within one year -€30,633
down €30,633 (-60.7%), from €50,481 to €19,848
of which Trade receivables: -€28,299
- Tangible fixed assets +€26,099
up €26,099 (+1278.3%), from €2,042 to €28,141
- Reserves +€395,411
up €395,411 (+601.7%), from €65,711 to €461,122
- Other debts -€53,303
down €53,303 (-52.2%), from €102,070 to €48,767
- Gross operating margin +€411,378
up €411,378 (+317.0%), from €129,762 to €541,139
- Taxes +€104,925
up €104,925 (+381.9%), from €27,471 to €132,396
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 | €183,704 | €529,923 | +€346,219 | +188.5% |
| Fixed assets | 21/28 | €2,042 | €28,141 | +€26,099 | +1278.3% |
| Tangible fixed assets | 22/27 | €2,042 | €28,141 | +€26,099 | +1278.3% |
| Furniture and vehicles | 24 | €2,042 | €28,141 | +€26,099 | +1278.3% |
| Current assets | 29/58 | €181,662 | €501,782 | +€320,120 | +176.2% |
| Amounts receivable within one year | 40/41 | €50,481 | €19,848 | -€30,633 | -60.7% |
| Trade receivables | 40 | €47,952 | €19,653 | -€28,299 | -59.0% |
| Other amounts receivable | 41 | €2,529 | €195 | -€2,334 | -92.3% |
| Cash at bank and in hand | 54/58 | €131,181 | €480,684 | +€349,503 | +266.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,250 | +€1,250 | |
| Total equity and liabilities | 10/49 | €183,704 | €529,923 | +€346,219 | +188.5% |
| Equity | 10/15 | €67,711 | €463,122 | +€395,411 | +584.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,711 | €461,122 | +€395,411 | +601.7% |
| Distributable reserves | 133 | €65,711 | €461,122 | +€395,411 | +601.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,993 | €66,801 | -€49,192 | -42.4% |
| Amounts payable within one year | 42/48 | €115,974 | €64,019 | -€51,955 | -44.8% |
| Trade debts | 44 | €4,136 | €818 | -€3,318 | -80.2% |
| Suppliers | 440/4 | €4,136 | €818 | -€3,318 | -80.2% |
| Taxes, remuneration and social security | 45 | €9,768 | €14,434 | +€4,666 | +47.8% |
| Taxes | 450/3 | €9,768 | €14,434 | +€4,666 | +47.8% |
| Other amounts payable | 47/48 | €102,070 | €48,767 | -€53,303 | -52.2% |
| Accrued charges and deferred income | 492/3 | €19 | €2,781 | +€2,763 | +14750.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €3,009 | +€2,314 | +333.0% |
| Other operating charges | 640/8 | €1,396 | €1,885 | +€490 | +35.1% |
| Gross operating margin | 9900 | €129,762 | €541,139 | +€411,378 | +317.0% |
| Operating profit (loss) | 9901 | €127,671 | €536,245 | +€408,574 | +320.0% |
| Financial income | 75/76B | €125 | €22 | -€103 | -82.7% |
| Recurring financial income | 75 | €125 | €22 | -€103 | -82.7% |
| Financial charges | 65/66B | €4,871 | €8,460 | +€3,589 | +73.7% |
| Recurring financial charges | 65 | €4,871 | €8,460 | +€3,589 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €122,925 | €527,807 | +€404,882 | +329.4% |
| Income taxes | 67/77 | €27,471 | €132,396 | +€104,925 | +381.9% |
| Profit (loss) for the period | 9904 | €95,454 | €395,411 | +€299,957 | +314.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,454 | €395,411 | +€299,957 | +314.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.