DERAES ANTHONY: 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.
DERAES ANTHONY
Largest movements
- Tangible fixed assets -€44,338
down €44,338 (-7.8%), from €567,965 to €523,627
- Cash +€13,652
up €13,652 (+16.7%), from €81,930 to €95,582
mainly Depreciation (+€48,838) and Net result for the year (+€39,964)
- Debts after one year -€43,855
down €43,855 (-11.0%), from €398,443 to €354,588
- Reserves +€39,000
up €39,000 (+29.4%), from €132,860 to €171,860
of which Distributable reserves: +€39,000
- Other debts -€28,450
down €28,450 (-80.8%), from €35,200 to €6,750
- Gross operating margin -€4,808
down €4,808 (-3.0%), from €159,400 to €154,592
- Other operating charges -€4,469
down €4,469 (-15.9%), from €28,051 to €23,582
- Financial charges +€1,787
up €1,787 (+7.5%), from €23,798 to €25,585
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.
Derived cash bridge
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 | €663,322 | €635,850 | -€27,472 | -4.1% |
| Fixed assets | 21/28 | €567,965 | €523,627 | -€44,338 | -7.8% |
| Tangible fixed assets | 22/27 | €567,965 | €523,627 | -€44,338 | -7.8% |
| Land and buildings | 22 | €479,925 | €459,805 | -€20,120 | -4.2% |
| Plant, machinery and equipment | 23 | €36,588 | €28,674 | -€7,914 | -21.6% |
| Furniture and vehicles | 24 | €51,452 | €35,148 | -€16,304 | -31.7% |
| Current assets | 29/58 | €95,357 | €112,223 | +€16,866 | +17.7% |
| Stocks and contracts in progress | 3 | €13,296 | €11,938 | -€1,358 | -10.2% |
| Stocks | 30/36 | €13,296 | €11,938 | -€1,358 | -10.2% |
| Amounts receivable within one year | 40/41 | €131 | €4,453 | +€4,322 | +3,299% |
| Trade receivables | 40 | €131 | €4,453 | +€4,322 | +3,299% |
| Cash at bank and in hand | 54/58 | €81,930 | €95,582 | +€13,652 | +16.7% |
| Deferred charges and accrued income | 490/1 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €663,322 | €635,850 | -€27,472 | -4.1% |
| Equity | 10/15 | €147,525 | €187,489 | +€39,964 | +27.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €132,860 | €171,860 | +€39,000 | +29.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €131,000 | €170,000 | +€39,000 | +29.8% |
| Profit (loss) carried forward | 14 | €2,165 | €3,129 | +€964 | +44.5% |
| Amounts payable | 17/49 | €515,797 | €448,361 | -€67,436 | -13.1% |
| Amounts payable after more than one year | 17 | €398,443 | €354,588 | -€43,855 | -11.0% |
| Financial debts | 170/4 | €398,443 | €354,588 | -€43,855 | -11.0% |
| Amounts payable within one year | 42/48 | €117,354 | €93,773 | -€23,581 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €52,712 | €58,260 | +€5,548 | +10.5% |
| Financial debts | 43 | - | €847 | +€847 | |
| Credit institutions | 430/8 | - | €847 | +€847 | |
| Trade debts | 44 | €3,694 | €8,237 | +€4,543 | +123% |
| Suppliers | 440/4 | €3,694 | €8,237 | +€4,543 | +123% |
| Taxes, remuneration and social security | 45 | €25,748 | €19,679 | -€6,069 | -23.6% |
| Taxes | 450/3 | €22,498 | €16,375 | -€6,123 | -27.2% |
| Remuneration and social security | 454/9 | €3,250 | €3,304 | +€54 | +1.7% |
| Other amounts payable | 47/48 | €35,200 | €6,750 | -€28,450 | -80.8% |
| Non-recurring operating income | 76A | €19,091 | - | -€19,091 | |
| Remuneration, social security and pensions | 62 | - | €1,098 | +€1,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,189 | €48,838 | +€649 | +1.3% |
| Other operating charges | 640/8 | €28,051 | €23,582 | -€4,469 | -15.9% |
| Gross operating margin | 9900 | €159,400 | €154,592 | -€4,808 | -3.0% |
| Operating profit (loss) | 9901 | €83,160 | €81,074 | -€2,086 | -2.5% |
| Financial income | 75/76B | €200 | €82 | -€118 | -59.0% |
| Recurring financial income | 75 | €200 | €82 | -€118 | -59.0% |
| Financial charges | 65/66B | €23,798 | €25,585 | +€1,787 | +7.5% |
| Recurring financial charges | 65 | €23,798 | €25,585 | +€1,787 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €59,562 | €55,571 | -€3,991 | -6.7% |
| Income taxes | 67/77 | €17,153 | €15,607 | -€1,546 | -9.0% |
| Profit (loss) for the period | 9904 | €42,409 | €39,964 | -€2,445 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,409 | €39,964 | -€2,445 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.