DERDE CONSULT: 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.
DERDE CONSULT
Largest movements
- Current investments +€206,058
up €206,058 (+56.1%), from €367,522 to €573,580
- Cash -€135,271
down €135,271 (-62.1%), from €217,851 to €82,579
mainly Current investments (-€206,058) and Provisions (-€49,579)
- Receivables within one year +€10,179
up €10,179 (+53.6%), from €19,007 to €29,186
of which Trade receivables: +€10,179
- Reserves +€122,748
up €122,748 (+19.0%), from €647,316 to €770,064
- Provisions -€49,579
down €49,579 (-100%), from €49,579 to €0
- Tax, wage and social debts +€11,215
up €11,215 (+110%), from €10,200 to €21,415
- Gross operating margin +€107,867
up €107,867 (+213%), from €50,738 to €158,604
- Taxes +€40,176
up €40,176 (+228%), from €17,617 to €57,793
- Financial income +€19,145
up €19,145 (+301%), from €6,370 to €25,515
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,011 | €810,565 | +€83,553 | +11.5% |
| Fixed assets | 21/28 | €121,821 | €124,364 | +€2,543 | +2.1% |
| Tangible fixed assets | 22/27 | €120,733 | €123,276 | +€2,543 | +2.1% |
| Land and buildings | 22 | €116,823 | €115,865 | -€958 | -0.8% |
| Plant, machinery and equipment | 23 | - | €4,075 | +€4,075 | |
| Furniture and vehicles | 24 | €3,910 | €3,337 | -€573 | -14.7% |
| Financial fixed assets | 28 | €1,088 | €1,088 | = | 0.0% |
| Current assets | 29/58 | €605,191 | €686,200 | +€81,010 | +13.4% |
| Amounts receivable within one year | 40/41 | €19,007 | €29,186 | +€10,179 | +53.6% |
| Trade receivables | 40 | €19,007 | €29,186 | +€10,179 | +53.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €367,522 | €573,580 | +€206,058 | +56.1% |
| Cash at bank and in hand | 54/58 | €217,851 | €82,579 | -€135,271 | -62.1% |
| Deferred charges and accrued income | 490/1 | €810 | €855 | +€44 | +5.5% |
| Total equity and liabilities | 10/49 | €727,011 | €810,565 | +€83,553 | +11.5% |
| Equity | 10/15 | €665,916 | €788,664 | +€122,748 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €647,316 | €770,064 | +€122,748 | +19.0% |
| Distributable reserves | 133 | €647,316 | €770,064 | +€122,748 | +19.0% |
| Provisions and deferred taxes | 16 | €49,579 | €0 | -€49,579 | -100% |
| Provisions for liabilities and charges | 160/5 | €49,579 | €0 | -€49,579 | -100% |
| Pensions and similar obligations | 160 | €49,579 | €0 | -€49,579 | -100% |
| Amounts payable | 17/49 | €11,517 | €21,901 | +€10,384 | +90.2% |
| Amounts payable within one year | 42/48 | €11,517 | €21,901 | +€10,384 | +90.2% |
| Trade debts | 44 | €62 | €479 | +€417 | +675% |
| Suppliers | 440/4 | €62 | €479 | +€417 | +675% |
| Taxes, remuneration and social security | 45 | €10,200 | €21,415 | +€11,215 | +110% |
| Taxes | 450/3 | €10,200 | €21,415 | +€11,215 | +110% |
| Other amounts payable | 47/48 | €1,255 | €7 | -€1,249 | -99.5% |
| Non-recurring operating income | 76A | - | €49,579 | +€49,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,531 | €1,856 | +€324 | +21.2% |
| Other operating charges | 640/8 | €1,140 | €1,034 | -€106 | -9.3% |
| Gross operating margin | 9900 | €50,738 | €158,604 | +€107,867 | +213% |
| Operating profit (loss) | 9901 | €48,067 | €155,715 | +€107,648 | +224% |
| Financial income | 75/76B | €6,370 | €25,515 | +€19,145 | +301% |
| Recurring financial income | 75 | €6,370 | €25,515 | +€19,145 | +301% |
| Financial charges | 65/66B | €70 | €689 | +€619 | +889% |
| Recurring financial charges | 65 | €70 | €689 | +€619 | +889% |
| Profit (loss) for the period before taxes | 9903 | €54,367 | €180,541 | +€126,174 | +232% |
| Income taxes | 67/77 | €17,617 | €57,793 | +€40,176 | +228% |
| Profit (loss) for the period | 9904 | €36,749 | €122,748 | +€85,999 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €36,749 | €122,748 | +€85,999 | +234% |
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 14 October 2026 via checked.be.