DERECK: 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.
DERECK
Largest movements
- Cash +€12,685
up €12,685 (+101.1%), from €12,548 to €25,233
mainly Net result for the year (+€20,657) and Depreciation (+€15,281)
- Receivables within one year -€7,459
down €7,459 (-5.1%), from €147,615 to €140,156
of which Other amounts receivable: -€7,459
- Tangible fixed assets +€5,138
up €5,138 (+13.7%), from €37,404 to €42,541
of which Plant, machinery and equipment: +€6,559
- Reserves +€20,657
up €20,657 (+26.3%), from €78,607 to €99,264
of which Distributable reserves: +€20,657
- Tax, wage and social debts -€6,589
down €6,589 (-96.9%), from €6,797 to €208
- Debts after one year -€4,087
down €4,087 (-4.5%), from €91,496 to €87,409
- Other debts +€3,403
up €3,403 (+8.7%), from €38,904 to €42,307
- Depreciation +€3,628
up €3,628 (+31.1%), from €11,653 to €15,281
- Taxes -€1,870
down €1,870 (-16.8%), from €11,150 to €9,280
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 | €216,658 | €226,530 | +€9,872 | +4.6% |
| Fixed assets | 21/28 | €56,004 | €61,141 | +€5,138 | +9.2% |
| Tangible fixed assets | 22/27 | €37,404 | €42,541 | +€5,138 | +13.7% |
| Plant, machinery and equipment | 23 | €4,730 | €11,289 | +€6,559 | +138.7% |
| Furniture and vehicles | 24 | €32,673 | €31,252 | -€1,421 | -4.4% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €160,654 | €165,389 | +€4,735 | +2.9% |
| Amounts receivable within one year | 40/41 | €147,615 | €140,156 | -€7,459 | -5.1% |
| Trade receivables | 40 | €1,235 | €1,235 | = | 0.0% |
| Other amounts receivable | 41 | €146,381 | €138,922 | -€7,459 | -5.1% |
| Cash at bank and in hand | 54/58 | €12,548 | €25,233 | +€12,685 | +101.1% |
| Deferred charges and accrued income | 490/1 | €492 | €0 | -€492 | -100.0% |
| Total equity and liabilities | 10/49 | €216,658 | €226,530 | +€9,872 | +4.6% |
| Equity | 10/15 | €66,672 | €87,328 | +€20,657 | +31.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €78,607 | €99,264 | +€20,657 | +26.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €72,407 | €93,064 | +€20,657 | +28.5% |
| Profit (loss) carried forward | 14 | -€73,936 | -€73,936 | = | 0.0% |
| Amounts payable | 17/49 | €149,986 | €139,202 | -€10,785 | -7.2% |
| Amounts payable after more than one year | 17 | €91,496 | €87,409 | -€4,087 | -4.5% |
| Financial debts | 170/4 | €91,496 | €87,409 | -€4,087 | -4.5% |
| Amounts payable within one year | 42/48 | €53,271 | €48,293 | -€4,977 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,560 | €5,778 | +€218 | +3.9% |
| Trade debts | 44 | €2,010 | €0 | -€2,010 | -100.0% |
| Suppliers | 440/4 | €2,010 | €0 | -€2,010 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,797 | €208 | -€6,589 | -96.9% |
| Taxes | 450/3 | €6,797 | €208 | -€6,589 | -96.9% |
| Other amounts payable | 47/48 | €38,904 | €42,307 | +€3,403 | +8.7% |
| Accrued charges and deferred income | 492/3 | €5,220 | €3,500 | -€1,720 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,653 | €15,281 | +€3,628 | +31.1% |
| Other operating charges | 640/8 | €798 | €788 | -€10 | -1.3% |
| Gross operating margin | 9900 | €48,581 | €48,441 | -€140 | -0.3% |
| Operating profit (loss) | 9901 | €36,130 | €32,372 | -€3,758 | -10.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,325 | €2,436 | +€111 | +4.8% |
| Recurring financial charges | 65 | €2,325 | €2,436 | +€111 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €33,805 | €29,937 | -€3,869 | -11.4% |
| Income taxes | 67/77 | €11,150 | €9,280 | -€1,870 | -16.8% |
| Profit (loss) for the period | 9904 | €22,656 | €20,657 | -€1,999 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,656 | €20,657 | -€1,999 | -8.8% |
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 2 October 2026 via checked.be.