DERACON: what changed
DERACON
Largest movements
- Tangible fixed assets +€19,423
up €19,423 (+100%), from €19,419 to €38,842
of which Leasing and similar rights: +€34,129
- Receivables within one year +€10,529
up €10,529 (+79.2%), from €13,299 to €23,828
of which Trade receivables: +€10,474
- Cash -€4,427
down €4,427 (-87.2%), from €5,077 to €650
mainly Investment in fixed assets (net) (-€29,384) and Receivables within one year (-€10,529)
- Stocks and contracts -€2,998
no longer reported in 2025 (was €2,998)
- Deferred charges and accrued income +€1,194
new in 2025: €1,194
- Debts after one year +€21,413
up €21,413 (+236%), from €9,062 to €30,475
- Current portion of long-term debt +€6,525
up €6,525 (+104%), from €6,269 to €12,794
- Other debts +€3,500
up €3,500 (+117%), from €3,000 to €6,500
- Profit (loss) carried forward -€3,327
down €3,327 (-54.2%), from €6,143 to €2,816
- Tax, wage and social debts -€2,939
no longer reported in 2025 (was €2,939)
- Depreciation -€1,920
down €1,920 (-16.2%), from €11,882 to €9,961
- Taxes -€683
down €683 (-54.7%), from €1,247 to €564
- Other operating charges +€420
up €420 (+30.1%), from €1,392 to €1,812
- Financial income -€339
down €339 (-49.4%), from €686 to €348
- Gross operating margin -€324
down €324 (-2.4%), from €13,609 to €13,286
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 | €40,794 | €64,515 | +€23,721 | +58.1% |
| Fixed assets | 21/28 | €19,419 | €38,842 | +€19,423 | +100% |
| Tangible fixed assets | 22/27 | €19,419 | €38,842 | +€19,423 | +100% |
| Plant, machinery and equipment | 23 | €1,181 | €1,843 | +€661 | +56.0% |
| Furniture and vehicles | 24 | €18,238 | €2,871 | -€15,367 | -84.3% |
| Leasing and similar rights | 25 | - | €34,129 | +€34,129 | |
| Current assets | 29/58 | €21,374 | €25,672 | +€4,298 | +20.1% |
| Stocks and contracts in progress | 3 | €2,998 | - | -€2,998 | |
| Contracts in progress | 37 | €2,998 | - | -€2,998 | |
| Amounts receivable within one year | 40/41 | €13,299 | €23,828 | +€10,529 | +79.2% |
| Trade receivables | 40 | €4,416 | €14,889 | +€10,474 | +237% |
| Other amounts receivable | 41 | €8,883 | €8,939 | +€56 | +0.6% |
| Cash at bank and in hand | 54/58 | €5,077 | €650 | -€4,427 | -87.2% |
| Deferred charges and accrued income | 490/1 | - | €1,194 | +€1,194 | |
| Total equity and liabilities | 10/49 | €40,794 | €64,515 | +€23,721 | +58.1% |
| Equity | 10/15 | €11,143 | €7,816 | -€3,327 | -29.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,143 | €2,816 | -€3,327 | -54.2% |
| Amounts payable | 17/49 | €29,651 | €56,698 | +€27,048 | +91.2% |
| Amounts payable after more than one year | 17 | €9,062 | €30,475 | +€21,413 | +236% |
| Financial debts | 170/4 | €9,062 | €30,475 | +€21,413 | +236% |
| Amounts payable within one year | 42/48 | €20,589 | €25,824 | +€5,235 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €6,269 | €12,794 | +€6,525 | +104% |
| Trade debts | 44 | €5,726 | €6,530 | +€804 | +14.0% |
| Suppliers | 440/4 | €5,726 | €6,530 | +€804 | +14.0% |
| Advances received on contracts in progress | 46 | €2,656 | - | -€2,656 | |
| Taxes, remuneration and social security | 45 | €2,939 | - | -€2,939 | |
| Remuneration and social security | 454/9 | €2,939 | - | -€2,939 | |
| Other amounts payable | 47/48 | €3,000 | €6,500 | +€3,500 | +117% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,882 | €9,961 | -€1,920 | -16.2% |
| Other operating charges | 640/8 | €1,392 | €1,812 | +€420 | +30.1% |
| Non-recurring operating charges | 66A | €178 | €4,007 | +€3,829 | +2,153% |
| Gross operating margin | 9900 | €13,609 | €13,286 | -€324 | -2.4% |
| Operating profit (loss) | 9901 | €157 | -€2,495 | -€2,652 | |
| Financial income | 75/76B | €686 | €348 | -€339 | -49.4% |
| Recurring financial income | 75 | €686 | €348 | -€339 | -49.4% |
| Financial charges | 65/66B | €617 | €615 | -€2 | -0.3% |
| Recurring financial charges | 65 | €617 | €615 | -€2 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €227 | -€2,762 | -€2,989 | |
| Income taxes | 67/77 | €1,247 | €564 | -€683 | -54.7% |
| Profit (loss) for the period | 9904 | -€1,020 | -€3,327 | -€2,306 | -226% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,020 | -€3,327 | -€2,306 | -226% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.