DERDEC: what changed
DERDEC
Largest movements
- Tangible fixed assets +€966,496
up €966,496 (+256%), from €377,424 to €1.3m
of which Land and buildings: +€965,862
- Receivables within one year -€154,506
down €154,506 (-76.1%), from €203,121 to €48,615
of which Other amounts receivable: -€156,609
- Cash -€98,967
down €98,967 (-32.2%), from €307,336 to €208,369
mainly Investment in fixed assets (net) (-€987,973) and Net result for the year (-€53,581)
- Receivables after one year -€29,894
down €29,894 (-6.8%), from €438,459 to €408,565
- Debts after one year +€479,340
up €479,340 (+163%), from €293,636 to €772,976
- Provisions +€194,487
new in 2025: €194,487
- Profit (loss) carried forward -€53,581
down €53,581 (-24.6%), from €217,823 to €164,241
- Current portion of long-term debt +€50,790
up €50,790 (+87.6%), from €57,967 to €108,757
- Gross operating margin -€160,972
down €160,972, from €138,434 to -€22,538
- Taxes -€40,006
down €40,006 (-99.7%), from €40,137 to €131
- Depreciation +€9,901
up €9,901 (+85.5%), from €11,576 to €21,477
- Financial charges +€7,054
up €7,054 (+55.6%), from €12,676 to €19,729
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,328,420 | €2,014,805 | +€686,385 | +51.7% |
| Fixed assets | 21/28 | €377,424 | €1,343,921 | +€966,496 | +256% |
| Tangible fixed assets | 22/27 | €377,424 | €1,343,921 | +€966,496 | +256% |
| Land and buildings | 22 | €374,161 | €1,340,023 | +€965,862 | +258% |
| Plant, machinery and equipment | 23 | - | €1,147 | +€1,147 | |
| Furniture and vehicles | 24 | €3,263 | €2,750 | -€513 | -15.7% |
| Current assets | 29/58 | €950,995 | €670,884 | -€280,111 | -29.5% |
| Amounts receivable after more than one year | 29 | €438,459 | €408,565 | -€29,894 | -6.8% |
| Trade receivables | 290 | €438,459 | €408,565 | -€29,894 | -6.8% |
| Amounts receivable within one year | 40/41 | €203,121 | €48,615 | -€154,506 | -76.1% |
| Trade receivables | 40 | €28,982 | €31,085 | +€2,103 | +7.3% |
| Other amounts receivable | 41 | €174,138 | €17,529 | -€156,609 | -89.9% |
| Cash at bank and in hand | 54/58 | €307,336 | €208,369 | -€98,967 | -32.2% |
| Deferred charges and accrued income | 490/1 | €2,080 | €5,335 | +€3,255 | +157% |
| Total equity and liabilities | 10/49 | €1,328,420 | €2,014,805 | +€686,385 | +51.7% |
| Equity | 10/15 | €901,341 | €847,759 | -€53,581 | -5.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €533,518 | €533,518 | = | 0.0% |
| Distributable reserves | 133 | €533,518 | €533,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,823 | €164,241 | -€53,581 | -24.6% |
| Provisions and deferred taxes | 16 | - | €194,487 | +€194,487 | |
| Provisions for liabilities and charges | 160/5 | - | €194,487 | +€194,487 | |
| Other liabilities and charges | 164/5 | - | €194,487 | +€194,487 | |
| Amounts payable | 17/49 | €427,079 | €972,559 | +€545,479 | +128% |
| Amounts payable after more than one year | 17 | €293,636 | €772,976 | +€479,340 | +163% |
| Financial debts | 170/4 | €293,636 | €772,976 | +€479,340 | +163% |
| Amounts payable within one year | 42/48 | €130,152 | €195,141 | +€64,990 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €57,967 | €108,757 | +€50,790 | +87.6% |
| Trade debts | 44 | €4,149 | €3,293 | -€855 | -20.6% |
| Suppliers | 440/4 | €4,149 | €3,293 | -€855 | -20.6% |
| Taxes, remuneration and social security | 45 | €2,690 | €4,270 | +€1,580 | +58.7% |
| Taxes | 450/3 | €2,690 | €4,270 | +€1,580 | +58.7% |
| Other amounts payable | 47/48 | €65,346 | €78,821 | +€13,475 | +20.6% |
| Accrued charges and deferred income | 492/3 | €3,291 | €4,441 | +€1,150 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,576 | €21,477 | +€9,901 | +85.5% |
| Other operating charges | 640/8 | €4,321 | €3,788 | -€533 | -12.3% |
| Gross operating margin | 9900 | €138,434 | -€22,538 | -€160,972 | |
| Operating profit (loss) | 9901 | €122,537 | -€47,802 | -€170,339 | |
| Financial income | 75/76B | €14,965 | €14,081 | -€884 | -5.9% |
| Recurring financial income | 75 | €14,965 | €14,081 | -€884 | -5.9% |
| Financial charges | 65/66B | €12,676 | €19,729 | +€7,054 | +55.6% |
| Recurring financial charges | 65 | €12,676 | €19,729 | +€7,054 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €124,826 | -€53,450 | -€178,277 | |
| Income taxes | 67/77 | €40,137 | €131 | -€40,006 | -99.7% |
| Profit (loss) for the period | 9904 | €84,689 | -€53,581 | -€138,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,689 | -€53,581 | -€138,271 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.