DERASSE PHILIPPE: 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.
DERASSE PHILIPPE
Largest movements
- Current investments +€320,000
new in 2025: €320,000
- Tangible fixed assets -€143,530
down €143,530 (-10.5%), from €1.4m to €1.2m
of which Land and buildings: -€164,493
- Cash +€75,857
up €75,857 (+24.1%), from €315,128 to €390,985
mainly Other debts (+€307,510) and Investment in fixed assets (net) (+€92,717)
- Stocks and contracts -€33,676
down €33,676 (-77.7%), from €43,329 to €9,653
- Reserves +€395,270
up €395,270 (+1317.6%), from €30,000 to €425,270
of which Non-distributable reserves: +€290,000
- Profit (loss) carried forward -€321,665
down €321,665 (-20.7%), from €1.6m to €1.2m
- Other debts +€307,510
up €307,510 (+429.1%), from €71,658 to €379,168
- Provisions -€188,295
no longer reported in 2025 (was €188,295)
- Tax, wage and social debts +€27,229
up €27,229 (+7215.5%), from €377 to €27,606
- Provisions -€188,295
new in 2025: -€188,295
- Write-downs +€31,234
new in 2025: €31,234
- Taxes +€28,495
up €28,495 (+14968.1%), from €190 to €28,685
- Depreciation +€2,969
up €2,969 (+6.2%), from €48,095 to €51,064
- Other operating charges -€1,325
down €1,325 (-12.1%), from €10,919 to €9,594
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 | €1,868,105 | €2,086,506 | +€218,400 | +11.7% |
| Fixed assets | 21/28 | €1,509,648 | €1,365,868 | -€143,780 | -9.5% |
| Intangible fixed assets | 21 | €146,258 | €146,258 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,363,140 | €1,219,609 | -€143,530 | -10.5% |
| Land and buildings | 22 | €1,315,647 | €1,151,154 | -€164,493 | -12.5% |
| Plant, machinery and equipment | 23 | €26,333 | €57,224 | +€30,891 | +117.3% |
| Furniture and vehicles | 24 | €21,159 | €11,231 | -€9,928 | -46.9% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €358,457 | €720,638 | +€362,181 | +101.0% |
| Stocks and contracts in progress | 3 | €43,329 | €9,653 | -€33,676 | -77.7% |
| Stocks | 30/36 | €43,329 | €9,653 | -€33,676 | -77.7% |
| Current investments | 50/53 | - | €320,000 | +€320,000 | |
| Cash at bank and in hand | 54/58 | €315,128 | €390,985 | +€75,857 | +24.1% |
| Total equity and liabilities | 10/49 | €1,868,105 | €2,086,506 | +€218,400 | +11.7% |
| Equity | 10/15 | €1,605,476 | €1,679,081 | +€73,605 | +4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Share premium | 1100/10 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €30,000 | €425,270 | +€395,270 | +1317.6% |
| Non-distributable reserves | 130/1 | €30,000 | €320,000 | +€290,000 | +966.7% |
| Reserves not available under the articles | 1311 | €30,000 | - | -€30,000 | |
| Own shares acquired | 1312 | - | €320,000 | +€320,000 | |
| Distributable reserves | 133 | - | €105,270 | +€105,270 | |
| Profit (loss) carried forward | 14 | €1,555,476 | €1,233,811 | -€321,665 | -20.7% |
| Provisions and deferred taxes | 16 | €188,295 | - | -€188,295 | |
| Provisions for liabilities and charges | 160/5 | €188,295 | - | -€188,295 | |
| Pensions and similar obligations | 160 | €188,295 | - | -€188,295 | |
| Amounts payable | 17/49 | €74,334 | €407,424 | +€333,090 | +448.1% |
| Amounts payable after more than one year | 17 | €650 | €650 | = | 0.0% |
| Other amounts payable | 178/9 | €650 | €650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,684 | €406,774 | +€333,090 | +452.1% |
| Trade debts | 44 | €1,649 | - | -€1,649 | |
| Suppliers | 440/4 | €1,649 | - | -€1,649 | |
| Taxes, remuneration and social security | 45 | €377 | €27,606 | +€27,229 | +7215.5% |
| Taxes | 450/3 | €377 | €27,606 | +€27,229 | +7215.5% |
| Other amounts payable | 47/48 | €71,658 | €379,168 | +€307,510 | +429.1% |
| Non-recurring operating income | 76A | - | €21,798 | +€21,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,095 | €51,064 | +€2,969 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,234 | +€31,234 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€188,295 | -€188,295 | |
| Other operating charges | 640/8 | €10,919 | €9,594 | -€1,325 | -12.1% |
| Non-recurring operating charges | 66A | €45,084 | €13,425 | -€31,659 | -70.2% |
| Gross operating margin | 9900 | €17,348 | €18,089 | +€741 | +4.3% |
| Operating profit (loss) | 9901 | -€86,750 | €101,067 | +€187,817 | |
| Financial income | 75/76B | €1,905 | €3,027 | +€1,122 | +58.9% |
| Recurring financial income | 75 | €1,905 | €3,027 | +€1,122 | +58.9% |
| Financial charges | 65/66B | €415 | €138 | -€277 | -66.8% |
| Recurring financial charges | 65 | €415 | €138 | -€277 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€85,260 | €103,956 | +€189,216 | |
| Income taxes | 67/77 | €190 | €28,685 | +€28,495 | +14968.1% |
| Profit (loss) for the period | 9904 | -€85,450 | €75,271 | +€160,721 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,450 | €75,271 | +€160,721 |
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.