DERECON: 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.
DERECON
Largest movements
- Receivables within one year +€12,583
up €12,583 (+169%), from €7,466 to €20,049
of which Trade receivables: +€9,383
- Cash -€944
down €944 (-11.5%), from €8,239 to €7,294
mainly Receivables within one year (-€12,583) and Other debts (-€6,404)
- Profit (loss) carried forward +€15,861
up €15,861, from -€9,091 to €6,770
- Trade debts +€8,371
up €8,371 (+271%), from €3,090 to €11,461
- Other debts -€6,404
down €6,404 (-71.6%), from €8,939 to €2,535
- Accrued charges and deferred income -€2,872
no longer reported in 2025 (was €2,872)
- Tax, wage and social debts -€2,386
down €2,386 (-32.8%), from €7,283 to €4,897
- Taxes +€4,897
new in 2025: €4,897
- Gross operating margin +€3,932
up €3,932 (+21.2%), from €18,590 to €22,522
- Financial charges -€1,131
down €1,131 (-55.8%), from €2,029 to €898
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 | €15,705 | €27,343 | +€11,638 | +74.1% |
| Current assets | 29/58 | €15,705 | €27,343 | +€11,638 | +74.1% |
| Amounts receivable within one year | 40/41 | €7,466 | €20,049 | +€12,583 | +169% |
| Trade receivables | 40 | €7,466 | €16,849 | +€9,383 | +126% |
| Other amounts receivable | 41 | - | €3,199 | +€3,199 | |
| Cash at bank and in hand | 54/58 | €8,239 | €7,294 | -€944 | -11.5% |
| Total equity and liabilities | 10/49 | €15,705 | €27,343 | +€11,638 | +74.1% |
| Equity | 10/15 | -€7,411 | €8,450 | +€15,861 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €180 | €180 | = | 0.0% |
| Distributable reserves | 133 | €180 | €180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,091 | €6,770 | +€15,861 | |
| Amounts payable | 17/49 | €23,116 | €18,893 | -€4,223 | -18.3% |
| Amounts payable within one year | 42/48 | €20,244 | €18,893 | -€1,351 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €932 | - | -€932 | |
| Trade debts | 44 | €3,090 | €11,461 | +€8,371 | +271% |
| Suppliers | 440/4 | €3,090 | €11,461 | +€8,371 | +271% |
| Taxes, remuneration and social security | 45 | €7,283 | €4,897 | -€2,386 | -32.8% |
| Taxes | 450/3 | €7,283 | €4,897 | -€2,386 | -32.8% |
| Other amounts payable | 47/48 | €8,939 | €2,535 | -€6,404 | -71.6% |
| Accrued charges and deferred income | 492/3 | €2,872 | - | -€2,872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | - | -€130 | |
| Other operating charges | 640/8 | €755 | €870 | +€115 | +15.2% |
| Non-recurring operating charges | 66A | €3,785 | - | -€3,785 | |
| Gross operating margin | 9900 | €18,590 | €22,522 | +€3,932 | +21.2% |
| Operating profit (loss) | 9901 | €13,920 | €21,652 | +€7,733 | +55.6% |
| Financial income | 75/76B | €66 | €3 | -€63 | -95.0% |
| Recurring financial income | 75 | €66 | €3 | -€63 | -95.0% |
| Financial charges | 65/66B | €2,029 | €898 | -€1,131 | -55.8% |
| Recurring financial charges | 65 | €2,029 | €898 | -€1,131 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €11,957 | €20,758 | +€8,801 | +73.6% |
| Income taxes | 67/77 | - | €4,897 | +€4,897 | |
| Profit (loss) for the period | 9904 | €11,957 | €15,861 | +€3,904 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,957 | €15,861 | +€3,904 | +32.6% |
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.