DERAU: what changed
Two fiscal 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.
DERAU
Largest movements
- Cash +€23,171
up €23,171 (+22.2%), from €104,231 to €127,402
mainly Other debts (+€175,121) and Net result for the year (+€139,649)
- Current investments +€4,642
up €4,642 (+2.2%), from €211,626 to €216,268
- Other debts +€175,121
up €175,121 (+89.5%), from €195,608 to €370,729
- Reserves -€170,351
down €170,351 (-99.5%), from €171,121 to €770
- Tax, wage and social debts +€19,706
up €19,706 (+205.8%), from €9,574 to €29,280
- Gross operating margin -€20,563
down €20,563 (-9.6%), from €213,632 to €193,069
- Taxes -€9,699
down €9,699 (-18.8%), from €51,563 to €41,864
- Financial income -€6,984
down €6,984 (-60.1%), from €11,627 to €4,642
- Financial charges +€6,851
up €6,851 (+110.0%), from €6,228 to €13,079
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 | €407,920 | €431,923 | +€24,004 | +5.9% |
| Fixed assets | 21/28 | €4,455 | €2,483 | -€1,972 | -44.3% |
| Tangible fixed assets | 22/27 | €4,455 | €2,483 | -€1,972 | -44.3% |
| Plant, machinery and equipment | 23 | €838 | €385 | -€453 | -54.1% |
| Furniture and vehicles | 24 | €3,618 | €2,099 | -€1,519 | -42.0% |
| Current assets | 29/58 | €403,464 | €429,440 | +€25,976 | +6.4% |
| Amounts receivable within one year | 40/41 | €85,903 | €85,770 | -€133 | -0.2% |
| Trade receivables | 40 | €82,390 | €68,283 | -€14,107 | -17.1% |
| Other amounts receivable | 41 | €3,514 | €17,487 | +€13,973 | +397.7% |
| Current investments | 50/53 | €211,626 | €216,268 | +€4,642 | +2.2% |
| Cash at bank and in hand | 54/58 | €104,231 | €127,402 | +€23,171 | +22.2% |
| Deferred charges and accrued income | 490/1 | €1,703 | €0 | -€1,703 | -100.0% |
| Total equity and liabilities | 10/49 | €407,920 | €431,923 | +€24,004 | +5.9% |
| Equity | 10/15 | €189,721 | €19,370 | -€170,351 | -89.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,121 | €770 | -€170,351 | -99.5% |
| Distributable reserves | 133 | €171,121 | €770 | -€170,351 | -99.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €218,199 | €412,553 | +€194,355 | +89.1% |
| Amounts payable within one year | 42/48 | €218,199 | €412,553 | +€194,355 | +89.1% |
| Trade debts | 44 | €13,016 | €12,544 | -€473 | -3.6% |
| Suppliers | 440/4 | €13,016 | €12,544 | -€473 | -3.6% |
| Taxes, remuneration and social security | 45 | €9,574 | €29,280 | +€19,706 | +205.8% |
| Taxes | 450/3 | €9,574 | €29,280 | +€19,706 | +205.8% |
| Other amounts payable | 47/48 | €195,608 | €370,729 | +€175,121 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,058 | €1,972 | -€86 | -4.2% |
| Other operating charges | 640/8 | €1,185 | €1,148 | -€37 | -3.1% |
| Gross operating margin | 9900 | €213,632 | €193,069 | -€20,563 | -9.6% |
| Operating profit (loss) | 9901 | €210,389 | €189,949 | -€20,439 | -9.7% |
| Financial income | 75/76B | €11,627 | €4,642 | -€6,984 | -60.1% |
| Recurring financial income | 75 | €11,627 | €4,642 | -€6,984 | -60.1% |
| Financial charges | 65/66B | €6,228 | €13,079 | +€6,851 | +110.0% |
| Recurring financial charges | 65 | €6,228 | €13,079 | +€6,851 | +110.0% |
| Profit (loss) for the period before taxes | 9903 | €215,788 | €181,513 | -€34,275 | -15.9% |
| Income taxes | 67/77 | €51,563 | €41,864 | -€9,699 | -18.8% |
| Profit (loss) for the period | 9904 | €164,225 | €139,649 | -€24,576 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,225 | €139,649 | -€24,576 | -15.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.