DERAM: 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.
DERAM
Largest movements
- Tangible fixed assets -€35,835
down €35,835 (-26.1%), from €137,106 to €101,270
of which Furniture and vehicles: -€33,665
- Receivables within one year -€28,140
down €28,140 (-47.7%), from €59,011 to €30,870
of which Other amounts receivable: -€18,780
- Cash +€8,293
up €8,293 (+50.6%), from €16,395 to €24,688
mainly Depreciation (+€35,835) and Receivables within one year (+€28,140)
- Debts after one year -€34,035
down €34,035 (-35.4%), from €96,185 to €62,150
- Profit (loss) carried forward -€13,638
down €13,638 (-73.9%), from -€18,452 to -€32,090
- Current portion of long-term debt -€7,548
down €7,548 (-18.2%), from €41,583 to €34,035
- Financial charges -€8,256
down €8,256 (-65.5%), from €12,613 to €4,356
- Gross operating margin -€7,174
down €7,174 (-19.9%), from €36,067 to €28,893
- Depreciation +€2,287
up €2,287 (+6.8%), from €33,548 to €35,835
- Other operating charges +€484
up €484 (+30.7%), from €1,575 to €2,059
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
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 | €212,511 | €156,828 | -€55,683 | -26.2% |
| Fixed assets | 21/28 | €137,106 | €101,270 | -€35,835 | -26.1% |
| Tangible fixed assets | 22/27 | €137,106 | €101,270 | -€35,835 | -26.1% |
| Plant, machinery and equipment | 23 | €6,274 | €4,104 | -€2,170 | -34.6% |
| Furniture and vehicles | 24 | €130,831 | €97,166 | -€33,665 | -25.7% |
| Current assets | 29/58 | €75,406 | €55,558 | -€19,848 | -26.3% |
| Amounts receivable within one year | 40/41 | €59,011 | €30,870 | -€28,140 | -47.7% |
| Trade receivables | 40 | €19,520 | €10,160 | -€9,360 | -48.0% |
| Other amounts receivable | 41 | €39,491 | €20,710 | -€18,780 | -47.6% |
| Cash at bank and in hand | 54/58 | €16,395 | €24,688 | +€8,293 | +50.6% |
| Total equity and liabilities | 10/49 | €212,511 | €156,828 | -€55,683 | -26.2% |
| Equity | 10/15 | €54,415 | €40,777 | -€13,638 | -25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,267 | €54,267 | = | 0.0% |
| Distributable reserves | 133 | €54,267 | €54,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,452 | -€32,090 | -€13,638 | -73.9% |
| Amounts payable | 17/49 | €158,097 | €116,051 | -€42,045 | -26.6% |
| Amounts payable after more than one year | 17 | €96,185 | €62,150 | -€34,035 | -35.4% |
| Financial debts | 170/4 | €96,185 | €62,150 | -€34,035 | -35.4% |
| Amounts payable within one year | 42/48 | €61,912 | €53,901 | -€8,011 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €41,583 | €34,035 | -€7,548 | -18.2% |
| Trade debts | 44 | €544 | €27 | -€517 | -95.1% |
| Suppliers | 440/4 | €544 | €27 | -€517 | -95.1% |
| Taxes, remuneration and social security | 45 | €9,555 | €10,621 | +€1,066 | +11.2% |
| Taxes | 450/3 | €9,555 | €10,621 | +€1,066 | +11.2% |
| Other amounts payable | 47/48 | €10,231 | €9,219 | -€1,012 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,548 | €35,835 | +€2,287 | +6.8% |
| Other operating charges | 640/8 | €1,575 | €2,059 | +€484 | +30.7% |
| Gross operating margin | 9900 | €36,067 | €28,893 | -€7,174 | -19.9% |
| Operating profit (loss) | 9901 | €944 | -€9,001 | -€9,945 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €12,613 | €4,356 | -€8,256 | -65.5% |
| Recurring financial charges | 65 | €12,613 | €4,356 | -€8,256 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,668 | -€13,348 | -€1,680 | -14.4% |
| Income taxes | 67/77 | €309 | €290 | -€20 | -6.4% |
| Profit (loss) for the period | 9904 | -€11,978 | -€13,638 | -€1,660 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,978 | -€13,638 | -€1,660 | -13.9% |
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 29 September 2026 via checked.be.