DERCA: 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.
What changed
DERCA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,788
2024 · €26,859-€1,071
Equity
€771,362
2024 · €745,574+€25,788
Cash
€71,522
2024 · €66,049+€5,473
Balance sheet total
€2.0m
2024 · €2.0m-€58,285
Largest movements
Assets
- Tangible fixed assets -€60,353
down €60,353 (-3.1%), from €1.9m to €1.9m
Equity and liabilities
- Debts after one year -€66,667
down €66,667 (-16.7%), from €400,001 to €333,334
- Reserves +€25,788
up €25,788 (+4.1%), from €624,324 to €650,112
of which Distributable reserves: +€47,163
- Other debts -€23,583
down €23,583 (-3.4%), from €687,120 to €663,538
Income statement
- Financial charges -€5,859
down €5,859 (-12.2%), from €47,977 to €42,118
- Gross operating margin -€3,920
down €3,920 (-2.3%), from €166,910 to €162,991
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.
Result 2024
€26,859
Gross operating margin
-€3,920
Other operating charges
-€541
Financial income
-€1,381
Financial charges
+€5,859
Taxes
-€1,088
Result 2025
€25,788
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.
From operations
+€72,140
Investment
€0
Financing
-€66,667
Cash 2024
€66,049
From operations (derived)
+€72,140
Net result for the year
+€25,788
Depreciation
+€60,353
Receivables within one year
+€8,531
Deferred charges and accrued income
-€5,126
Provisions
-€7,125
Trade debts
-€789
Tax, wage and social debts
+€16,090
Other debts
-€23,583
Accrued charges and deferred income
-€1,999
Financing
-€66,667
Debts after one year
-€66,667
Cash 2025
€71,522
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,021,266 | €1,962,981 | -€58,285 | -2.9% |
| Fixed assets | 21/28 | €1,940,201 | €1,879,849 | -€60,353 | -3.1% |
| Tangible fixed assets | 22/27 | €1,940,201 | €1,879,849 | -€60,353 | -3.1% |
| Land and buildings | 22 | €1,940,201 | €1,879,849 | -€60,353 | -3.1% |
| Current assets | 29/58 | €81,065 | €83,133 | +€2,068 | +2.6% |
| Amounts receivable within one year | 40/41 | €8,531 | €0 | -€8,531 | -100.0% |
| Trade receivables | 40 | €7,150 | €0 | -€7,150 | -100.0% |
| Other amounts receivable | 41 | €1,381 | €0 | -€1,381 | -100.0% |
| Cash at bank and in hand | 54/58 | €66,049 | €71,522 | +€5,473 | +8.3% |
| Deferred charges and accrued income | 490/1 | €6,485 | €11,610 | +€5,126 | +79.0% |
| Total equity and liabilities | 10/49 | €2,021,266 | €1,962,981 | -€58,285 | -2.9% |
| Equity | 10/15 | €745,574 | €771,362 | +€25,788 | +3.5% |
| Contributions | 10/11 | €121,250 | €121,250 | = | 0.0% |
| Capital | 10 | €112,100 | €112,100 | = | 0.0% |
| Issued capital | 100 | €112,100 | €112,100 | = | 0.0% |
| Outside capital | 11 | €9,150 | €9,150 | = | 0.0% |
| Share premium | 1100/10 | €9,150 | €9,150 | = | 0.0% |
| Reserves | 13 | €624,324 | €650,112 | +€25,788 | +4.1% |
| Non-distributable reserves | 130/1 | €11,210 | €11,210 | = | 0.0% |
| Legal reserve | 130 | €11,210 | €11,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €256,500 | €235,125 | -€21,375 | -8.3% |
| Distributable reserves | 133 | €356,614 | €403,777 | +€47,163 | +13.2% |
| Provisions and deferred taxes | 16 | €85,500 | €78,375 | -€7,125 | -8.3% |
| Deferred taxes | 168 | €85,500 | €78,375 | -€7,125 | -8.3% |
| Amounts payable | 17/49 | €1,190,192 | €1,113,245 | -€76,948 | -6.5% |
| Amounts payable after more than one year | 17 | €400,001 | €333,334 | -€66,667 | -16.7% |
| Financial debts | 170/4 | €400,001 | €333,334 | -€66,667 | -16.7% |
| Amounts payable within one year | 42/48 | €764,038 | €755,756 | -€8,282 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €66,667 | €66,667 | = | 0.0% |
| Trade debts | 44 | €2,741 | €1,952 | -€789 | -28.8% |
| Suppliers | 440/4 | €2,741 | €1,952 | -€789 | -28.8% |
| Taxes, remuneration and social security | 45 | €7,510 | €23,600 | +€16,090 | +214.2% |
| Taxes | 450/3 | €7,510 | €23,600 | +€16,090 | +214.2% |
| Other amounts payable | 47/48 | €687,120 | €663,538 | -€23,583 | -3.4% |
| Accrued charges and deferred income | 492/3 | €26,154 | €24,155 | -€1,999 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,353 | €60,353 | = | 0.0% |
| Other operating charges | 640/8 | €17,721 | €18,262 | +€541 | +3.1% |
| Gross operating margin | 9900 | €166,910 | €162,991 | -€3,920 | -2.3% |
| Operating profit (loss) | 9901 | €88,837 | €84,376 | -€4,461 | -5.0% |
| Financial income | 75/76B | €1,381 | €0 | -€1,381 | -100.0% |
| Recurring financial income | 75 | €1,381 | €0 | -€1,381 | -100.0% |
| Financial charges | 65/66B | €47,977 | €42,118 | -€5,859 | -12.2% |
| Recurring financial charges | 65 | €47,977 | €42,118 | -€5,859 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €42,241 | €42,258 | +€17 | 0.0% |
| Transfer from deferred taxes | 780 | €7,125 | €7,125 | = | 0.0% |
| Income taxes | 67/77 | €22,508 | €23,595 | +€1,088 | +4.8% |
| Profit (loss) for the period | 9904 | €26,859 | €25,788 | -€1,071 | -4.0% |
| Transfer from tax-exempt reserves | 789 | €21,375 | €21,375 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,234 | €47,163 | -€1,071 | -2.2% |
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 8 October 2026 via checked.be.