DERCO SYSTEMS: 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.
What changed
DERCO SYSTEMS
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,447
2024 · €242,472-€236,025
Equity
€353,758
2024 · €347,312+€6,447
Cash
€390,078
2024 · €355,159+€34,919
Balance sheet total
€638,520
2024 · €608,205+€30,315
Largest movements
Assets
- Cash +€34,919
up €34,919 (+9.8%), from €355,159 to €390,078
mainly Trade debts (+€27,120) and Depreciation (+€22,929)
- Stocks and contracts +€25,111
up €25,111 (+18.9%), from €133,075 to €158,186
- Tangible fixed assets -€16,690
down €16,690 (-18.3%), from €91,141 to €74,451
of which Furniture and vehicles: -€13,397
- Receivables within one year -€12,451
down €12,451 (-66.8%), from €18,642 to €6,191
Equity and liabilities
- Trade debts +€27,120
up €27,120 (+15.7%), from €172,751 to €199,871
- Profit (loss) carried forward +€6,447
up €6,447 (+9.1%), from -€70,661 to -€64,214
Income statement
- Gross operating margin -€248,292
down €248,292 (-36.7%), from €676,550 to €428,258
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
€242,472
Gross operating margin
-€248,292
Staff costs
-€6,233
Depreciation
-€3,395
Other operating charges
+€5,037
Other operating items
+€15,625
Financial income
+€1,223
Financial charges
+€1,823
Taxes
-€1,813
Result 2025
€6,447
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€45,241
Investment
-€6,270
Financing
-€4,051
Cash 2024
€355,159
From operations (derived)
+€45,241
Net result for the year
+€6,447
Depreciation
+€22,929
Stocks and contracts
-€25,111
Receivables within one year
+€12,451
Deferred charges and accrued income
+€606
Trade debts
+€27,120
Tax, wage and social debts
+€4,036
Other debts
+€258
Accrued charges and deferred income
-€3,494
Investment (derived)
-€6,270
Investment in fixed assets (net)
-€6,270
Financing
-€4,051
Debts after one year
-€4,203
Short-term financial debts
+€152
Cash 2025
€390,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,205 | €638,520 | +€30,315 | +5.0% |
| Fixed assets | 21/28 | €95,695 | €79,037 | -€16,658 | -17.4% |
| Tangible fixed assets | 22/27 | €91,141 | €74,451 | -€16,690 | -18.3% |
| Plant, machinery and equipment | 23 | €2,702 | €3,054 | +€352 | +13.0% |
| Furniture and vehicles | 24 | €68,269 | €54,872 | -€13,397 | -19.6% |
| Other tangible fixed assets | 26 | €20,169 | €16,524 | -€3,645 | -18.1% |
| Financial fixed assets | 28 | €4,554 | €4,586 | +€31 | +0.7% |
| Current assets | 29/58 | €512,511 | €559,484 | +€46,973 | +9.2% |
| Stocks and contracts in progress | 3 | €133,075 | €158,186 | +€25,111 | +18.9% |
| Stocks | 30/36 | €133,075 | €158,186 | +€25,111 | +18.9% |
| Amounts receivable within one year | 40/41 | €18,642 | €6,191 | -€12,451 | -66.8% |
| Trade receivables | 40 | €18,642 | €6,191 | -€12,451 | -66.8% |
| Cash at bank and in hand | 54/58 | €355,159 | €390,078 | +€34,919 | +9.8% |
| Deferred charges and accrued income | 490/1 | €5,635 | €5,028 | -€606 | -10.8% |
| Total equity and liabilities | 10/49 | €608,205 | €638,520 | +€30,315 | +5.0% |
| Equity | 10/15 | €347,312 | €353,758 | +€6,447 | +1.9% |
| Contributions | 10/11 | €414,500 | €414,500 | = | 0.0% |
| Capital | 10 | €414,500 | €414,500 | = | 0.0% |
| Issued capital | 100 | €414,500 | €414,500 | = | 0.0% |
| Reserves | 13 | €3,473 | €3,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,614 | €1,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,661 | -€64,214 | +€6,447 | +9.1% |
| Amounts payable | 17/49 | €260,894 | €284,762 | +€23,868 | +9.1% |
| Amounts payable after more than one year | 17 | €4,203 | - | -€4,203 | |
| Financial debts | 170/4 | €4,203 | - | -€4,203 | |
| Amounts payable within one year | 42/48 | €252,797 | €284,362 | +€31,565 | +12.5% |
| Financial debts | 43 | €16,638 | €16,790 | +€152 | +0.9% |
| Credit institutions | 430/8 | €16,638 | €16,790 | +€152 | +0.9% |
| Trade debts | 44 | €172,751 | €199,871 | +€27,120 | +15.7% |
| Suppliers | 440/4 | €172,751 | €199,871 | +€27,120 | +15.7% |
| Taxes, remuneration and social security | 45 | €59,986 | €64,022 | +€4,036 | +6.7% |
| Taxes | 450/3 | €15,189 | €16,803 | +€1,614 | +10.6% |
| Remuneration and social security | 454/9 | €44,798 | €47,220 | +€2,422 | +5.4% |
| Other amounts payable | 47/48 | €3,422 | €3,680 | +€258 | +7.5% |
| Accrued charges and deferred income | 492/3 | €3,894 | €400 | -€3,494 | -89.7% |
| Non-recurring operating income | 76A | €341,413 | - | -€341,413 | |
| Remuneration, social security and pensions | 62 | €382,629 | €388,862 | +€6,233 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,534 | €22,929 | +€3,395 | +17.4% |
| Other operating charges | 640/8 | €11,245 | €6,208 | -€5,037 | -44.8% |
| Non-recurring operating charges | 66A | €15,625 | - | -€15,625 | |
| Gross operating margin | 9900 | €676,550 | €428,258 | -€248,292 | -36.7% |
| Operating profit (loss) | 9901 | €247,518 | €10,260 | -€237,258 | -95.9% |
| Financial income | 75/76B | €1,747 | €2,970 | +€1,223 | +70.0% |
| Recurring financial income | 75 | €1,747 | €2,970 | +€1,223 | +70.0% |
| Financial charges | 65/66B | €4,229 | €2,406 | -€1,823 | -43.1% |
| Recurring financial charges | 65 | €4,229 | €2,406 | -€1,823 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €245,035 | €10,823 | -€234,212 | -95.6% |
| Income taxes | 67/77 | €2,564 | €4,377 | +€1,813 | +70.7% |
| Profit (loss) for the period | 9904 | €242,472 | €6,447 | -€236,025 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €242,472 | €6,447 | -€236,025 | -97.3% |
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 17 October 2026 via checked.be.