Deraedt Wim: 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.
Deraedt Wim
Largest movements
- Receivables within one year +€14,672
up €14,672 (+6.3%), from €232,148 to €246,820
of which Other amounts receivable: +€22,856
- Profit (loss) carried forward +€32,511
new in 2025: €32,511
- Debts after one year -€20,570
down €20,570 (-9.4%), from €218,117 to €197,547
- Current portion of long-term debt +€5,904
up €5,904 (+19.2%), from €30,799 to €36,703
- Trade debts -€5,265
down €5,265 (-58.6%), from €8,987 to €3,722
- Gross operating margin -€13,808
down €13,808 (-15.2%), from €90,788 to €76,980
- Depreciation +€4,368
up €4,368 (+22.6%), from €19,370 to €23,738
- Taxes -€1,881
down €1,881 (-11.6%), from €16,253 to €14,372
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,952 | €489,144 | +€18,192 | +3.9% |
| Fixed assets | 21/28 | €238,448 | €237,540 | -€907 | -0.4% |
| Tangible fixed assets | 22/27 | €238,448 | €237,540 | -€907 | -0.4% |
| Land and buildings | 22 | €238,141 | €219,186 | -€18,955 | -8.0% |
| Plant, machinery and equipment | 23 | €307 | €65 | -€242 | -78.8% |
| Furniture and vehicles | 24 | - | €18,289 | +€18,289 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €232,504 | €251,603 | +€19,099 | +8.2% |
| Amounts receivable within one year | 40/41 | €232,148 | €246,820 | +€14,672 | +6.3% |
| Trade receivables | 40 | €144,072 | €135,888 | -€8,184 | -5.7% |
| Other amounts receivable | 41 | €88,076 | €110,932 | +€22,856 | +26.0% |
| Deferred charges and accrued income | 490/1 | €356 | €4,783 | +€4,427 | +1244.6% |
| Total equity and liabilities | 10/49 | €470,952 | €489,144 | +€18,192 | +3.9% |
| Equity | 10/15 | €174,451 | €206,658 | +€32,207 | +18.5% |
| Contributions | 10/11 | €21,500 | €21,500 | = | 0.0% |
| Reserves | 13 | €152,951 | €152,647 | -€304 | -0.2% |
| Non-distributable reserves | 130/1 | €900 | €900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €900 | €900 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,485 | €22,181 | -€304 | -1.4% |
| Distributable reserves | 133 | €129,567 | €129,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €32,511 | +€32,511 | |
| Provisions and deferred taxes | 16 | €2,112 | €2,010 | -€101 | -4.8% |
| Deferred taxes | 168 | €2,112 | €2,010 | -€101 | -4.8% |
| Amounts payable | 17/49 | €294,389 | €280,475 | -€13,914 | -4.7% |
| Amounts payable after more than one year | 17 | €218,117 | €197,547 | -€20,570 | -9.4% |
| Financial debts | 170/4 | €218,117 | €197,547 | -€20,570 | -9.4% |
| Amounts payable within one year | 42/48 | €76,271 | €82,928 | +€6,657 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €30,799 | €36,703 | +€5,904 | +19.2% |
| Financial debts | 43 | €7,671 | €11,877 | +€4,207 | +54.8% |
| Credit institutions | 430/8 | €7,671 | €11,877 | +€4,207 | +54.8% |
| Trade debts | 44 | €8,987 | €3,722 | -€5,265 | -58.6% |
| Suppliers | 440/4 | €8,987 | €3,722 | -€5,265 | -58.6% |
| Taxes, remuneration and social security | 45 | €28,814 | €30,625 | +€1,812 | +6.3% |
| Taxes | 450/3 | €28,814 | €30,625 | +€1,812 | +6.3% |
| Non-recurring operating income | 76A | - | €908 | +€908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,370 | €23,738 | +€4,368 | +22.6% |
| Other operating charges | 640/8 | €2,328 | €2,249 | -€79 | -3.4% |
| Gross operating margin | 9900 | €90,788 | €76,980 | -€13,808 | -15.2% |
| Operating profit (loss) | 9901 | €69,090 | €50,993 | -€18,097 | -26.2% |
| Financial income | 75/76B | €4,235 | €4,402 | +€167 | +3.9% |
| Recurring financial income | 75 | €4,235 | €4,402 | +€167 | +3.9% |
| Financial charges | 65/66B | €8,508 | €8,917 | +€410 | +4.8% |
| Recurring financial charges | 65 | €8,508 | €8,917 | +€410 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €64,817 | €46,478 | -€18,339 | -28.3% |
| Transfer from deferred taxes | 780 | €101 | €101 | = | 0.0% |
| Income taxes | 67/77 | €16,253 | €14,372 | -€1,881 | -11.6% |
| Profit (loss) for the period | 9904 | €48,665 | €32,207 | -€16,458 | -33.8% |
| Transfer from tax-exempt reserves | 789 | €304 | €304 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,969 | €32,511 | -€16,458 | -33.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.