DERATO: 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.
DERATO
Largest movements
- Cash +€40,803
up €40,803 (+24.9%), from €163,594 to €204,397
mainly Net result for the year (+€40,858) and Depreciation (+€10,987)
- Tangible fixed assets -€10,987
down €10,987 (-57.2%), from €19,198 to €8,211
of which Leasing and similar rights: -€8,229
- Receivables within one year +€7,358
up €7,358 (+78.7%), from €9,354 to €16,712
of which Trade receivables: +€12,881
- Reserves +€49,273
up €49,273 (+29.4%), from €167,813 to €217,086
of which Distributable reserves: +€50,360
- Profit (loss) carried forward -€8,415
down €8,415 (-100%), from €8,415 to €0
- Debts after one year -€5,221
down €5,221 (-100%), from €5,221 to €0
- Tax, wage and social debts +€4,400
up €4,400, from €0 to €4,400
- Current portion of long-term debt -€4,300
down €4,300 (-45.2%), from €9,522 to €5,221
- Gross operating margin -€2,315
down €2,315 (-3.0%), from €77,153 to €74,838
- Depreciation -€1,240
down €1,240 (-10.1%), from €12,227 to €10,987
- Financial income +€837
up €837 (+211%), from €397 to €1,234
- Other operating charges -€837
down €837 (-25.7%), from €3,256 to €2,419
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.
Derived cash bridge
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 | €193,770 | €230,195 | +€36,425 | +18.8% |
| Fixed assets | 21/28 | €19,198 | €8,211 | -€10,987 | -57.2% |
| Tangible fixed assets | 22/27 | €19,198 | €8,211 | -€10,987 | -57.2% |
| Plant, machinery and equipment | 23 | €404 | €0 | -€404 | -100% |
| Furniture and vehicles | 24 | €5,380 | €3,025 | -€2,355 | -43.8% |
| Leasing and similar rights | 25 | €13,415 | €5,185 | -€8,229 | -61.3% |
| Current assets | 29/58 | €174,571 | €221,984 | +€47,413 | +27.2% |
| Amounts receivable within one year | 40/41 | €9,354 | €16,712 | +€7,358 | +78.7% |
| Trade receivables | 40 | €84 | €12,965 | +€12,881 | +15,334% |
| Other amounts receivable | 41 | €9,270 | €3,747 | -€5,523 | -59.6% |
| Cash at bank and in hand | 54/58 | €163,594 | €204,397 | +€40,803 | +24.9% |
| Deferred charges and accrued income | 490/1 | €1,623 | €875 | -€748 | -46.1% |
| Total equity and liabilities | 10/49 | €193,770 | €230,195 | +€36,425 | +18.8% |
| Equity | 10/15 | €177,228 | €218,086 | +€40,858 | +23.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €167,813 | €217,086 | +€49,273 | +29.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,812 | €1,725 | -€1,087 | -38.7% |
| Distributable reserves | 133 | €165,001 | €215,361 | +€50,360 | +30.5% |
| Profit (loss) carried forward | 14 | €8,415 | €0 | -€8,415 | -100% |
| Provisions and deferred taxes | 16 | €937 | €575 | -€362 | -38.7% |
| Deferred taxes | 168 | €937 | €575 | -€362 | -38.7% |
| Amounts payable | 17/49 | €15,604 | €11,534 | -€4,071 | -26.1% |
| Amounts payable after more than one year | 17 | €5,221 | €0 | -€5,221 | -100% |
| Financial debts | 170/4 | €5,221 | €0 | -€5,221 | -100% |
| Amounts payable within one year | 42/48 | €10,383 | €11,534 | +€1,151 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €9,522 | €5,221 | -€4,300 | -45.2% |
| Trade debts | 44 | €778 | €1,913 | +€1,135 | +146% |
| Suppliers | 440/4 | €778 | €1,913 | +€1,135 | +146% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €4,400 | +€4,400 | |
| Taxes | 450/3 | €0 | €4,400 | +€4,400 | |
| Other amounts payable | 47/48 | €84 | €0 | -€84 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,227 | €10,987 | -€1,240 | -10.1% |
| Other operating charges | 640/8 | €3,256 | €2,419 | -€837 | -25.7% |
| Gross operating margin | 9900 | €77,153 | €74,838 | -€2,315 | -3.0% |
| Operating profit (loss) | 9901 | €61,670 | €61,431 | -€239 | -0.4% |
| Financial income | 75/76B | €397 | €1,234 | +€837 | +211% |
| Recurring financial income | 75 | €397 | €1,234 | +€837 | +211% |
| Financial charges | 65/66B | €507 | €770 | +€263 | +51.9% |
| Recurring financial charges | 65 | €507 | €770 | +€263 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €61,561 | €61,896 | +€335 | +0.5% |
| Transfer from deferred taxes | 780 | €575 | €362 | -€213 | -37.0% |
| Income taxes | 67/77 | €21,406 | €21,400 | -€6 | 0.0% |
| Profit (loss) for the period | 9904 | €40,730 | €40,858 | +€128 | +0.3% |
| Transfer from tax-exempt reserves | 789 | €1,725 | €1,087 | -€638 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,455 | €41,945 | -€510 | -1.2% |
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 18 October 2026 via checked.be.