Deratech: 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.
Deratech
Largest movements
- Stocks and contracts +€448,625
up €448,625 (+49.1%), from €913,654 to €1.4m
of which Stocks: +€267,879
- Receivables within one year -€362,434
down €362,434 (-31.1%), from €1.2m to €801,417
of which Trade receivables: -€434,310
- Cash +€82,109
up €82,109 (+61.2%), from €134,075 to €216,184
mainly Receivables within one year (+€362,434) and Advances received (+€191,134)
- Tangible fixed assets +€40,817
up €40,817 (+3.3%), from €1.2m to €1.3m
of which Plant, machinery and equipment: +€31,074
- Advances received +€191,134
up €191,134 (+19.2%), from €996,587 to €1.2m
- Trade debts +€187,975
up €187,975 (+196.8%), from €95,504 to €283,479
- Debts after one year -€59,484
down €59,484 (-6.5%), from €921,632 to €862,148
- Accrued charges and deferred income -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Other debts -€38,246
down €38,246 (-40.8%), from €93,819 to €55,574
- Gross operating margin -€94,191
down €94,191 (-39.8%), from €236,907 to €142,716
- Staff costs -€48,138
down €48,138 (-84.5%), from €56,996 to €8,857
- Financial charges +€22,813
up €22,813 (+40.8%), from €55,901 to €78,714
- Depreciation +€11,330
up €11,330 (+14.5%), from €78,358 to €89,689
- Financial income +€6,695
up €6,695 (+331.8%), from €2,018 to €8,713
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 | €3,482,485 | €3,683,524 | +€201,039 | +5.8% |
| Fixed assets | 21/28 | €1,251,015 | €1,288,877 | +€37,862 | +3.0% |
| Intangible fixed assets | 21 | €1,475 | €850 | -€625 | -42.4% |
| Tangible fixed assets | 22/27 | €1,247,210 | €1,288,027 | +€40,817 | +3.3% |
| Land and buildings | 22 | €1,239,900 | €1,220,472 | -€19,428 | -1.6% |
| Plant, machinery and equipment | 23 | €5,837 | €36,912 | +€31,074 | +532.3% |
| Furniture and vehicles | 24 | €1,472 | €30,643 | +€29,171 | +1981.7% |
| Financial fixed assets | 28 | €2,330 | €0 | -€2,330 | -100.0% |
| Current assets | 29/58 | €2,231,470 | €2,394,646 | +€163,176 | +7.3% |
| Stocks and contracts in progress | 3 | €913,654 | €1,362,280 | +€448,625 | +49.1% |
| Stocks | 30/36 | €534,213 | €802,092 | +€267,879 | +50.1% |
| Contracts in progress | 37 | €379,441 | €560,187 | +€180,746 | +47.6% |
| Amounts receivable within one year | 40/41 | €1,163,851 | €801,417 | -€362,434 | -31.1% |
| Trade receivables | 40 | €723,795 | €289,485 | -€434,310 | -60.0% |
| Other amounts receivable | 41 | €440,056 | €511,932 | +€71,876 | +16.3% |
| Cash at bank and in hand | 54/58 | €134,075 | €216,184 | +€82,109 | +61.2% |
| Deferred charges and accrued income | 490/1 | €19,890 | €14,766 | -€5,125 | -25.8% |
| Total equity and liabilities | 10/49 | €3,482,485 | €3,683,524 | +€201,039 | +5.8% |
| Equity | 10/15 | €817,990 | €790,859 | -€27,131 | -3.3% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €782,990 | €755,859 | -€27,131 | -3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €487,619 | €460,059 | -€27,560 | -5.7% |
| Distributable reserves | 133 | €295,370 | €295,800 | +€430 | +0.1% |
| Provisions and deferred taxes | 16 | €95,469 | €89,623 | -€5,846 | -6.1% |
| Deferred taxes | 168 | €95,469 | €89,623 | -€5,846 | -6.1% |
| Amounts payable | 17/49 | €2,569,026 | €2,803,041 | +€234,015 | +9.1% |
| Amounts payable after more than one year | 17 | €921,632 | €862,148 | -€59,484 | -6.5% |
| Financial debts | 170/4 | €921,632 | €862,148 | -€59,484 | -6.5% |
| Amounts payable within one year | 42/48 | €1,597,394 | €1,940,893 | +€343,499 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €90,051 | €106,132 | +€16,081 | +17.9% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €95,504 | €283,479 | +€187,975 | +196.8% |
| Suppliers | 440/4 | €95,504 | €283,479 | +€187,975 | +196.8% |
| Advances received on contracts in progress | 46 | €996,587 | €1,187,721 | +€191,134 | +19.2% |
| Taxes, remuneration and social security | 45 | €71,433 | €57,988 | -€13,445 | -18.8% |
| Taxes | 450/3 | €60,531 | €57,973 | -€2,558 | -4.2% |
| Remuneration and social security | 454/9 | €10,902 | €15 | -€10,887 | -99.9% |
| Other amounts payable | 47/48 | €93,819 | €55,574 | -€38,246 | -40.8% |
| Accrued charges and deferred income | 492/3 | €50,000 | €0 | -€50,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €56,996 | €8,857 | -€48,138 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,358 | €89,689 | +€11,330 | +14.5% |
| Other operating charges | 640/8 | €6,427 | €5,001 | -€1,427 | -22.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €236,907 | €142,716 | -€94,191 | -39.8% |
| Operating profit (loss) | 9901 | €95,126 | €39,169 | -€55,957 | -58.8% |
| Financial income | 75/76B | €2,018 | €8,713 | +€6,695 | +331.8% |
| Recurring financial income | 75 | €2,018 | €8,713 | +€6,695 | +331.8% |
| Financial charges | 65/66B | €55,901 | €78,714 | +€22,813 | +40.8% |
| Recurring financial charges | 65 | €55,901 | €78,714 | +€22,813 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €41,243 | -€30,833 | -€72,075 | |
| Transfer from deferred taxes | 780 | €5,846 | €5,846 | = | 0.0% |
| Income taxes | 67/77 | €216 | €2,144 | +€1,928 | +892.0% |
| Profit (loss) for the period | 9904 | €46,873 | -€27,131 | -€74,003 | |
| Transfer from tax-exempt reserves | 789 | €27,560 | €27,560 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,433 | €430 | -€74,003 | -99.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.