DERAH: 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.
DERAH
Largest movements
- Cash -€6,060
down €6,060 (-36.7%), from €16,519 to €10,459
mainly Net result for the year (-€4,742) and Investment in fixed assets (net) (-€2,795)
- Tangible fixed assets +€1,971
up €1,971 (+84.9%), from €2,321 to €4,292
of which Furniture and vehicles: +€2,211
- Profit (loss) carried forward -€4,742
new in 2025: -€4,742
- Trade debts +€1,582
up €1,582 (+166%), from €956 to €2,538
- Gross operating margin -€24,316
down €24,316 (-87.4%), from €27,831 to €3,515
- Taxes -€1,900
down €1,900 (-31.1%), from €6,108 to €4,207
- Depreciation +€744
up €744 (+922%), from €81 to €825
- Financial charges -€481
down €481 (-16.4%), from €2,937 to €2,456
- Other operating charges -€345
down €345 (-21.6%), from €1,601 to €1,256
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 | €54,026 | €50,364 | -€3,662 | -6.8% |
| Fixed assets | 21/28 | €2,321 | €4,292 | +€1,971 | +84.9% |
| Tangible fixed assets | 22/27 | €2,321 | €4,292 | +€1,971 | +84.9% |
| Furniture and vehicles | 24 | - | €2,211 | +€2,211 | |
| Other tangible fixed assets | 26 | €2,321 | €2,081 | -€240 | -10.3% |
| Current assets | 29/58 | €51,705 | €46,072 | -€5,633 | -10.9% |
| Amounts receivable within one year | 40/41 | €32,854 | €32,866 | +€13 | 0.0% |
| Trade receivables | 40 | €22,362 | €23,423 | +€1,061 | +4.7% |
| Other amounts receivable | 41 | €10,492 | €9,443 | -€1,049 | -10.0% |
| Cash at bank and in hand | 54/58 | €16,519 | €10,459 | -€6,060 | -36.7% |
| Deferred charges and accrued income | 490/1 | €2,333 | €2,747 | +€415 | +17.8% |
| Total equity and liabilities | 10/49 | €54,026 | €50,364 | -€3,662 | -6.8% |
| Equity | 10/15 | €38,445 | €33,703 | -€4,742 | -12.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,445 | €33,445 | = | 0.0% |
| Distributable reserves | 133 | €33,445 | €33,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,742 | -€4,742 | |
| Amounts payable | 17/49 | €15,581 | €16,661 | +€1,079 | +6.9% |
| Amounts payable within one year | 42/48 | €15,581 | €16,661 | +€1,079 | +6.9% |
| Trade debts | 44 | €956 | €2,538 | +€1,582 | +166% |
| Suppliers | 440/4 | €956 | €2,538 | +€1,582 | +166% |
| Taxes, remuneration and social security | 45 | €14,626 | €14,123 | -€503 | -3.4% |
| Taxes | 450/3 | €12,326 | €14,123 | +€1,797 | +14.6% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81 | €825 | +€744 | +922% |
| Other operating charges | 640/8 | €1,601 | €1,256 | -€345 | -21.6% |
| Gross operating margin | 9900 | €27,831 | €3,515 | -€24,316 | -87.4% |
| Operating profit (loss) | 9901 | €26,150 | €1,435 | -€24,715 | -94.5% |
| Financial income | 75/76B | €323 | €487 | +€164 | +50.7% |
| Recurring financial income | 75 | €323 | €487 | +€164 | +50.7% |
| Financial charges | 65/66B | €2,937 | €2,456 | -€481 | -16.4% |
| Recurring financial charges | 65 | €2,937 | €2,456 | -€481 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €23,536 | -€534 | -€24,070 | |
| Income taxes | 67/77 | €6,108 | €4,207 | -€1,900 | -31.1% |
| Profit (loss) for the period | 9904 | €17,428 | -€4,742 | -€22,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,428 | -€4,742 | -€22,170 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.