DERCAP: 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.
DERCAP
Largest movements
- Tangible fixed assets -€30,029
down €30,029 (-5.0%), from €594,849 to €564,820
- Debts after one year -€39,169
down €39,169 (-10.3%), from €381,875 to €342,706
of which Financial debts: -€39,169
- Financial charges -€778
down €778 (-13.5%), from €5,749 to €4,971
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 | €595,565 | €565,527 | -€30,038 | -5.0% |
| Fixed assets | 21/28 | €594,849 | €564,820 | -€30,029 | -5.0% |
| Tangible fixed assets | 22/27 | €594,849 | €564,820 | -€30,029 | -5.0% |
| Land and buildings | 22 | €594,849 | €564,820 | -€30,029 | -5.0% |
| Current assets | 29/58 | €717 | €708 | -€9 | -1.2% |
| Cash at bank and in hand | 54/58 | €78 | €54 | -€24 | -30.2% |
| Deferred charges and accrued income | 490/1 | €639 | €653 | +€15 | +2.3% |
| Total equity and liabilities | 10/49 | €595,565 | €565,527 | -€30,038 | -5.0% |
| Equity | 10/15 | €56,890 | €61,607 | +€4,717 | +8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,890 | €41,607 | +€4,717 | +12.8% |
| Distributable reserves | 133 | €36,890 | €41,607 | +€4,717 | +12.8% |
| Amounts payable | 17/49 | €538,675 | €503,920 | -€34,755 | -6.5% |
| Amounts payable after more than one year | 17 | €381,875 | €342,706 | -€39,169 | -10.3% |
| Financial debts | 170/4 | €221,875 | €182,706 | -€39,169 | -17.7% |
| Other amounts payable | 178/9 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,800 | €161,214 | +€4,414 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €39,113 | €39,927 | +€814 | +2.1% |
| Trade debts | 44 | €14 | €15 | +€0 | +2.8% |
| Suppliers | 440/4 | €14 | €15 | +€0 | +2.8% |
| Other amounts payable | 47/48 | €117,673 | €121,273 | +€3,600 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,029 | €30,029 | = | 0.0% |
| Other operating charges | 640/8 | €3,523 | €3,641 | +€117 | +3.3% |
| Gross operating margin | 9900 | €42,980 | €43,357 | +€377 | +0.9% |
| Operating profit (loss) | 9901 | €9,428 | €9,687 | +€259 | +2.7% |
| Financial income | 75/76B | €0 | €1 | +€0 | +144.4% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +144.4% |
| Financial charges | 65/66B | €5,749 | €4,971 | -€778 | -13.5% |
| Recurring financial charges | 65 | €5,749 | €4,971 | -€778 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €3,680 | €4,717 | +€1,038 | +28.2% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +137.5% |
| Profit (loss) for the period | 9904 | €3,680 | €4,717 | +€1,037 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,680 | €4,717 | +€1,037 | +28.2% |
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 5 October 2026 via checked.be.