Deras: 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.
Deras
Largest movements
- Cash +€59,548
up €59,548 (+39.2%), from €151,907 to €211,454
mainly Net result for the year (+€74,319) and Depreciation (+€8,672)
- Tangible fixed assets -€8,672
down €8,672 (-47.2%), from €18,361 to €9,690
- Reserves +€74,319
up €74,319 (+100.0%), from €74,307 to €148,626
- Other debts -€32,015
down €32,015 (-6.7%), from €479,594 to €447,579
- Tax, wage and social debts +€7,639
up €7,639 (+131.5%), from €5,809 to €13,448
- Financial income +€34,758
up €34,758 (+39.1%), from €89,007 to €123,766
- Gross operating margin -€17,938
down €17,938 (-124.0%), from -€14,467 to -€32,405
- Taxes +€1,537
up €1,537 (+24.2%), from €6,339 to €7,876
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 | €582,262 | €632,974 | +€50,712 | +8.7% |
| Fixed assets | 21/28 | €423,890 | €415,219 | -€8,672 | -2.0% |
| Tangible fixed assets | 22/27 | €18,361 | €9,690 | -€8,672 | -47.2% |
| Furniture and vehicles | 24 | €18,361 | €9,690 | -€8,672 | -47.2% |
| Financial fixed assets | 28 | €405,529 | €405,529 | = | 0.0% |
| Current assets | 29/58 | €158,372 | €217,756 | +€59,384 | +37.5% |
| Amounts receivable within one year | 40/41 | €2,804 | €3,036 | +€232 | +8.3% |
| Trade receivables | 40 | €1,554 | €1,067 | -€487 | -31.4% |
| Other amounts receivable | 41 | €1,250 | €1,970 | +€719 | +57.5% |
| Cash at bank and in hand | 54/58 | €151,907 | €211,454 | +€59,548 | +39.2% |
| Deferred charges and accrued income | 490/1 | €3,660 | €3,265 | -€395 | -10.8% |
| Total equity and liabilities | 10/49 | €582,262 | €632,974 | +€50,712 | +8.7% |
| Equity | 10/15 | €96,433 | €170,751 | +€74,319 | +77.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €74,307 | €148,626 | +€74,319 | +100.0% |
| Distributable reserves | 133 | €74,307 | €148,626 | +€74,319 | +100.0% |
| Profit (loss) carried forward | 14 | €1,665 | €1,665 | = | 0.0% |
| Amounts payable | 17/49 | €485,829 | €462,223 | -€23,606 | -4.9% |
| Amounts payable within one year | 42/48 | €485,829 | €462,223 | -€23,606 | -4.9% |
| Trade debts | 44 | €426 | €1,196 | +€770 | +180.7% |
| Suppliers | 440/4 | €426 | €1,196 | +€770 | +180.7% |
| Taxes, remuneration and social security | 45 | €5,809 | €13,448 | +€7,639 | +131.5% |
| Taxes | 450/3 | €5,809 | €13,448 | +€7,639 | +131.5% |
| Other amounts payable | 47/48 | €479,594 | €447,579 | -€32,015 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,672 | €8,672 | = | 0.0% |
| Other operating charges | 640/8 | €377 | €391 | +€14 | +3.8% |
| Gross operating margin | 9900 | -€14,467 | -€32,405 | -€17,938 | -124.0% |
| Operating profit (loss) | 9901 | -€23,516 | -€41,468 | -€17,952 | -76.3% |
| Financial income | 75/76B | €89,007 | €123,766 | +€34,758 | +39.1% |
| Recurring financial income | 75 | €89,007 | €123,766 | +€34,758 | +39.1% |
| Financial charges | 65/66B | €96 | €103 | +€8 | +7.9% |
| Recurring financial charges | 65 | €96 | €103 | +€8 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €65,396 | €82,194 | +€16,798 | +25.7% |
| Income taxes | 67/77 | €6,339 | €7,876 | +€1,537 | +24.2% |
| Profit (loss) for the period | 9904 | €59,057 | €74,319 | +€15,261 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,057 | €74,319 | +€15,261 | +25.8% |
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 9 October 2026 via checked.be.