Deraphar: 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.
Deraphar
Largest movements
- Receivables within one year -€50,478
down €50,478 (-11.9%), from €423,958 to €373,480
of which Trade receivables: -€93,835
- Tangible fixed assets -€47,787
down €47,787 (-17.6%), from €270,785 to €222,999
of which Other tangible fixed assets: -€28,977
- Cash +€32,377
up €32,377 (+114.2%), from €28,362 to €60,739
mainly Receivables within one year (+€50,478) and Depreciation (+€47,787)
- Stocks and contracts -€12,070
down €12,070 (-9.8%), from €123,209 to €111,139
- Reserves -€88,165
down €88,165 (-26.0%), from €339,716 to €251,551
of which Distributable reserves: -€88,165
- Debts after one year -€61,909
down €61,909 (-37.0%), from €167,164 to €105,255
- Trade debts +€45,036
up €45,036 (+53.5%), from €84,104 to €129,140
- Short-term financial debts +€30,772
up €30,772 (+17.8%), from €172,956 to €203,728
- Gross operating margin -€87,489
down €87,489 (-45.7%), from €191,616 to €104,127
- Staff costs +€4,087
up €4,087 (+3.3%), from €125,450 to €129,537
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 | €855,507 | €778,926 | -€76,582 | -9.0% |
| Fixed assets | 21/28 | €278,108 | €230,321 | -€47,787 | -17.2% |
| Tangible fixed assets | 22/27 | €270,785 | €222,999 | -€47,787 | -17.6% |
| Plant, machinery and equipment | 23 | €75,951 | €61,022 | -€14,928 | -19.7% |
| Furniture and vehicles | 24 | €3,881 | - | -€3,881 | |
| Other tangible fixed assets | 26 | €190,953 | €161,976 | -€28,977 | -15.2% |
| Financial fixed assets | 28 | €7,322 | €7,322 | = | 0.0% |
| Current assets | 29/58 | €577,400 | €548,605 | -€28,795 | -5.0% |
| Stocks and contracts in progress | 3 | €123,209 | €111,139 | -€12,070 | -9.8% |
| Stocks | 30/36 | €123,209 | €111,139 | -€12,070 | -9.8% |
| Amounts receivable within one year | 40/41 | €423,958 | €373,480 | -€50,478 | -11.9% |
| Trade receivables | 40 | €210,732 | €116,897 | -€93,835 | -44.5% |
| Other amounts receivable | 41 | €213,226 | €256,583 | +€43,358 | +20.3% |
| Cash at bank and in hand | 54/58 | €28,362 | €60,739 | +€32,377 | +114.2% |
| Deferred charges and accrued income | 490/1 | €1,871 | €3,246 | +€1,375 | +73.5% |
| Total equity and liabilities | 10/49 | €855,507 | €778,926 | -€76,582 | -9.0% |
| Equity | 10/15 | €358,308 | €270,143 | -€88,165 | -24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €339,716 | €251,551 | -€88,165 | -26.0% |
| Tax-exempt reserves | 132 | €80 | €80 | = | 0.0% |
| Distributable reserves | 133 | €339,636 | €251,471 | -€88,165 | -26.0% |
| Amounts payable | 17/49 | €497,200 | €508,783 | +€11,583 | +2.3% |
| Amounts payable after more than one year | 17 | €167,164 | €105,255 | -€61,909 | -37.0% |
| Financial debts | 170/4 | €167,164 | €105,255 | -€61,909 | -37.0% |
| Amounts payable within one year | 42/48 | €329,744 | €403,299 | +€73,555 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €56,198 | €59,532 | +€3,334 | +5.9% |
| Financial debts | 43 | €172,956 | €203,728 | +€30,772 | +17.8% |
| Credit institutions | 430/8 | €172,956 | €203,728 | +€30,772 | +17.8% |
| Trade debts | 44 | €84,104 | €129,140 | +€45,036 | +53.5% |
| Suppliers | 440/4 | €84,104 | €129,140 | +€45,036 | +53.5% |
| Taxes, remuneration and social security | 45 | €14,430 | €8,844 | -€5,586 | -38.7% |
| Taxes | 450/3 | €116 | €57 | -€59 | -50.8% |
| Remuneration and social security | 454/9 | €14,315 | €8,787 | -€5,528 | -38.6% |
| Other amounts payable | 47/48 | €2,055 | €2,055 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €292 | €229 | -€63 | -21.6% |
| Remuneration, social security and pensions | 62 | €125,450 | €129,537 | +€4,087 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,533 | €47,787 | -€746 | -1.5% |
| Other operating charges | 640/8 | €1,515 | €3,257 | +€1,743 | +115.0% |
| Gross operating margin | 9900 | €191,616 | €104,127 | -€87,489 | -45.7% |
| Operating profit (loss) | 9901 | €16,118 | -€76,454 | -€92,572 | |
| Financial income | 75/76B | €1,709 | €1,722 | +€13 | +0.8% |
| Recurring financial income | 75 | €1,709 | €1,722 | +€13 | +0.8% |
| Financial charges | 65/66B | €14,248 | €13,417 | -€831 | -5.8% |
| Recurring financial charges | 65 | €14,248 | €13,417 | -€831 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €3,579 | -€88,149 | -€91,728 | |
| Income taxes | 67/77 | €41 | €16 | -€25 | -61.1% |
| Profit (loss) for the period | 9904 | €3,538 | -€88,165 | -€91,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,538 | -€88,165 | -€91,703 |
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 10 October 2026 via checked.be.