DERAZO: 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.
DERAZO
Largest movements
- Cash +€49,641
up €49,641 (+2176.5%), from €2,281 to €51,922
mainly Net result for the year (+€36,989) and Depreciation (+€30,182)
- Tangible fixed assets -€30,182
down €30,182 (-3.0%), from €1.0m to €972,596
- Receivables within one year -€17,466
down €17,466 (-24.3%), from €71,968 to €54,502
of which Trade receivables: -€15,606
- Provisions -€36,992
down €36,992 (-100.0%), from €36,992 to €0
- Reserves +€36,989
up €36,989 (+10.1%), from €365,240 to €402,229
of which Distributable reserves: +€36,989
- Gross operating margin -€66,153
down €66,153 (-62.0%), from €106,754 to €40,601
- Provisions -€36,992
new in 2025: -€36,992
- Taxes -€5,635
down €5,635 (-37.8%), from €14,900 to €9,265
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 | €1,077,242 | €1,079,240 | +€1,997 | +0.2% |
| Fixed assets | 21/28 | €1,002,778 | €972,596 | -€30,182 | -3.0% |
| Tangible fixed assets | 22/27 | €1,002,778 | €972,596 | -€30,182 | -3.0% |
| Land and buildings | 22 | €1,002,778 | €972,596 | -€30,182 | -3.0% |
| Current assets | 29/58 | €74,465 | €106,644 | +€32,179 | +43.2% |
| Amounts receivable within one year | 40/41 | €71,968 | €54,502 | -€17,466 | -24.3% |
| Trade receivables | 40 | €15,606 | €0 | -€15,606 | -100.0% |
| Other amounts receivable | 41 | €56,362 | €54,502 | -€1,860 | -3.3% |
| Cash at bank and in hand | 54/58 | €2,281 | €51,922 | +€49,641 | +2176.5% |
| Deferred charges and accrued income | 490/1 | €216 | €220 | +€4 | +1.8% |
| Total equity and liabilities | 10/49 | €1,077,242 | €1,079,240 | +€1,997 | +0.2% |
| Equity | 10/15 | €1,014,229 | €1,051,218 | +€36,989 | +3.6% |
| Contributions | 10/11 | €39,569 | €39,569 | = | 0.0% |
| Revaluation surpluses | 12 | €576,155 | €576,155 | = | 0.0% |
| Reserves | 13 | €365,240 | €402,229 | +€36,989 | +10.1% |
| Tax-exempt reserves | 132 | €20,879 | €20,879 | = | 0.0% |
| Distributable reserves | 133 | €344,361 | €381,350 | +€36,989 | +10.7% |
| Profit (loss) carried forward | 14 | €33,265 | €33,265 | = | 0.0% |
| Provisions and deferred taxes | 16 | €36,992 | €0 | -€36,992 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €36,992 | €0 | -€36,992 | -100.0% |
| Pensions and similar obligations | 160 | €36,992 | €0 | -€36,992 | -100.0% |
| Amounts payable | 17/49 | €26,021 | €28,022 | +€2,000 | +7.7% |
| Amounts payable within one year | 42/48 | €26,021 | €28,022 | +€2,000 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,950 | €4,464 | +€515 | +13.0% |
| Suppliers | 440/4 | €3,950 | €4,464 | +€515 | +13.0% |
| Taxes, remuneration and social security | 45 | €10,180 | €10,920 | +€740 | +7.3% |
| Taxes | 450/3 | €6,600 | €6,490 | -€110 | -1.7% |
| Remuneration and social security | 454/9 | €3,580 | €4,430 | +€850 | +23.7% |
| Other amounts payable | 47/48 | €11,892 | €12,638 | +€746 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,197 | €30,182 | -€15 | -0.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€36,992 | -€36,992 | |
| Other operating charges | 640/8 | €1,851 | €1,945 | +€95 | +5.1% |
| Gross operating margin | 9900 | €106,754 | €40,601 | -€66,153 | -62.0% |
| Operating profit (loss) | 9901 | €74,707 | €45,466 | -€29,241 | -39.1% |
| Financial income | 75/76B | €0 | €884 | +€884 | +4420550.0% |
| Recurring financial income | 75 | €0 | €884 | +€884 | +4420550.0% |
| Financial charges | 65/66B | €632 | €96 | -€536 | -84.8% |
| Recurring financial charges | 65 | €632 | €96 | -€536 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €74,075 | €46,254 | -€27,820 | -37.6% |
| Income taxes | 67/77 | €14,900 | €9,265 | -€5,635 | -37.8% |
| Profit (loss) for the period | 9904 | €59,175 | €36,989 | -€22,185 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,175 | €36,989 | -€22,185 | -37.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.