DERA PROJECTS: 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.
What changed
DERA PROJECTS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,667
2024 · €1.2m-€1.2m
Equity
€2.7m
2024 · €2.7m+€1,667
Cash
€43,718
2024 · €107,619-€63,901
Balance sheet total
€7.0m
2024 · €7.1m-€141,317
Largest movements
Assets
- Receivables after one year +€815,607
new in 2025: €815,607
- Receivables within one year -€720,978
down €720,978 (-25.9%), from €2.8m to €2.1m
of which Other amounts receivable: -€807,996
- Stocks and contracts -€95,000
down €95,000 (-50.0%), from €190,000 to €95,000
- Tangible fixed assets -€78,358
down €78,358 (-3.0%), from €2.6m to €2.5m
of which Land and buildings: -€67,023
Equity and liabilities
- Other debts -€138,938
down €138,938 (-12.5%), from €1.1m to €976,242
- Accrued charges and deferred income +€108,377
up €108,377 (+104.0%), from €104,160 to €212,537
Income statement
- Financial income -€1.4m
down €1.4m (-97.8%), from €1.4m to €30,863
of which Non-recurring financial income: -€1.4m
- Gross operating margin +€107,818
up €107,818 (+51.8%), from €208,186 to €316,004
- Financial charges -€24,356
down €24,356 (-11.5%), from €211,107 to €186,751
- Depreciation +€17,839
up €17,839 (+14.9%), from €119,808 to €137,646
- Other operating charges -€7,912
down €7,912 (-24.7%), from €32,061 to €24,150
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.
Result 2024
€1.2m
Gross operating margin
+€107,818
Depreciation
-€17,839
Other operating charges
+€7,912
Financial income
-€1.4m
Financial charges
+€24,356
Result 2025
€1,667
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.
From operations
+€118,609
Investment
-€59,289
Financing
-€123,221
Cash 2024
€107,619
From operations (derived)
+€118,609
Net result for the year
+€1,667
Depreciation
+€137,646
Receivables after one year
-€815,607
Stocks and contracts
+€95,000
Receivables within one year
+€720,978
Deferred charges and accrued income
-€1,312
Provisions
-€3,347
Trade debts
+€9,852
Tax, wage and social debts
+€4,293
Other debts
-€138,938
Accrued charges and deferred income
+€108,377
Investment (derived)
-€59,289
Investment in fixed assets (net)
-€59,289
Financing
-€123,221
Debts after one year
-€59,818
Current portion of long-term debt
-€3,403
Short-term financial debts
-€60,000
Cash 2025
€43,718
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,111,225 | €6,969,908 | -€141,317 | -2.0% |
| Fixed assets | 21/28 | €4,030,344 | €3,951,987 | -€78,358 | -1.9% |
| Tangible fixed assets | 22/27 | €2,626,904 | €2,548,547 | -€78,358 | -3.0% |
| Land and buildings | 22 | €2,454,033 | €2,387,010 | -€67,023 | -2.7% |
| Plant, machinery and equipment | 23 | €49,654 | €20,269 | -€29,385 | -59.2% |
| Furniture and vehicles | 24 | €121,617 | €139,667 | +€18,051 | +14.8% |
| Other tangible fixed assets | 26 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,403,440 | €1,403,440 | = | 0.0% |
| Current assets | 29/58 | €3,080,881 | €3,017,921 | -€62,959 | -2.0% |
| Amounts receivable after more than one year | 29 | - | €815,607 | +€815,607 | |
| Other amounts receivable | 291 | - | €815,607 | +€815,607 | |
| Stocks and contracts in progress | 3 | €190,000 | €95,000 | -€95,000 | -50.0% |
| Stocks | 30/36 | €190,000 | €95,000 | -€95,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €2,779,836 | €2,058,858 | -€720,978 | -25.9% |
| Trade receivables | 40 | €136,089 | €223,107 | +€87,018 | +63.9% |
| Other amounts receivable | 41 | €2,643,747 | €1,835,751 | -€807,996 | -30.6% |
| Cash at bank and in hand | 54/58 | €107,619 | €43,718 | -€63,901 | -59.4% |
| Deferred charges and accrued income | 490/1 | €3,425 | €4,738 | +€1,312 | +38.3% |
| Total equity and liabilities | 10/49 | €7,111,225 | €6,969,908 | -€141,317 | -2.0% |
| Equity | 10/15 | €2,674,451 | €2,676,118 | +€1,667 | +0.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,674,451 | €1,676,118 | +€1,667 | +0.1% |
| Tax-exempt reserves | 132 | €101,517 | €91,475 | -€10,042 | -9.9% |
| Distributable reserves | 133 | €1,572,934 | €1,584,643 | +€11,709 | +0.7% |
| Provisions and deferred taxes | 16 | €99,576 | €96,229 | -€3,347 | -3.4% |
| Provisions for liabilities and charges | 160/5 | €65,737 | €65,737 | = | 0.0% |
| Pensions and similar obligations | 160 | €65,737 | €65,737 | = | 0.0% |
| Deferred taxes | 168 | €33,839 | €30,492 | -€3,347 | -9.9% |
| Amounts payable | 17/49 | €4,337,197 | €4,197,561 | -€139,637 | -3.2% |
| Amounts payable after more than one year | 17 | €1,536,893 | €1,477,075 | -€59,818 | -3.9% |
| Financial debts | 170/4 | €136,893 | €77,075 | -€59,818 | -43.7% |
| Other amounts payable | 178/9 | €1,400,000 | €1,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,696,144 | €2,507,949 | -€188,196 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €63,221 | €59,818 | -€3,403 | -5.4% |
| Financial debts | 43 | €1,460,000 | €1,400,000 | -€60,000 | -4.1% |
| Credit institutions | 430/8 | €1,460,000 | €1,400,000 | -€60,000 | -4.1% |
| Trade debts | 44 | €55,805 | €65,657 | +€9,852 | +17.7% |
| Suppliers | 440/4 | €55,805 | €65,657 | +€9,852 | +17.7% |
| Taxes, remuneration and social security | 45 | €1,938 | €6,231 | +€4,293 | +221.5% |
| Taxes | 450/3 | €1,938 | €6,231 | +€4,293 | +221.5% |
| Other amounts payable | 47/48 | €1,115,180 | €976,242 | -€138,938 | -12.5% |
| Accrued charges and deferred income | 492/3 | €104,160 | €212,537 | +€108,377 | +104.0% |
| Non-recurring operating income | 76A | €44,971 | - | -€44,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,808 | €137,646 | +€17,839 | +14.9% |
| Other operating charges | 640/8 | €32,061 | €24,150 | -€7,912 | -24.7% |
| Gross operating margin | 9900 | €208,186 | €316,004 | +€107,818 | +51.8% |
| Operating profit (loss) | 9901 | €56,317 | €154,208 | +€97,891 | +173.8% |
| Financial income | 75/76B | €1,380,925 | €30,863 | -€1.4m | -97.8% |
| Recurring financial income | 75 | €2,052 | €30,863 | +€28,811 | +1404.0% |
| Non-recurring financial income | 76B | €1,378,873 | - | -€1.4m | |
| Financial charges | 65/66B | €211,107 | €186,751 | -€24,356 | -11.5% |
| Recurring financial charges | 65 | €211,107 | €186,751 | -€24,356 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €1,226,136 | -€1,680 | -€1.2m | |
| Transfer from deferred taxes | 780 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) for the period | 9904 | €1,229,483 | €1,667 | -€1.2m | -99.9% |
| Transfer from tax-exempt reserves | 789 | €10,042 | €10,042 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,239,524 | €11,709 | -€1.2m | -99.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.