DERELA: 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.
DERELA
Largest movements
- Cash -€51,917
down €51,917 (-39.5%), from €131,575 to €79,658
mainly Investment in fixed assets (net) (-€54,299) and Current investments (-€40,000)
- Tangible fixed assets +€44,763
up €44,763 (+364.3%), from €12,287 to €57,051
of which Furniture and vehicles: +€45,241
- Current investments +€40,000
up €40,000 (+23.0%), from €173,759 to €213,759
- Reserves +€44,496
up €44,496 (+15.6%), from €285,364 to €329,860
- Other debts -€11,252
down €11,252 (-50.2%), from €22,408 to €11,156
- Depreciation +€4,710
up €4,710 (+97.6%), from €4,825 to €9,535
- Gross operating margin +€2,904
up €2,904 (+4.4%), from €65,639 to €68,543
- Financial income +€749
up €749 (+20.4%), from €3,666 to €4,415
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 | €344,817 | €376,094 | +€31,276 | +9.1% |
| Fixed assets | 21/28 | €13,537 | €58,301 | +€44,763 | +330.7% |
| Tangible fixed assets | 22/27 | €12,287 | €57,051 | +€44,763 | +364.3% |
| Plant, machinery and equipment | 23 | €7,728 | €7,250 | -€478 | -6.2% |
| Furniture and vehicles | 24 | €4,560 | €49,801 | +€45,241 | +992.2% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €331,280 | €317,793 | -€13,487 | -4.1% |
| Amounts receivable within one year | 40/41 | €25,946 | €23,731 | -€2,216 | -8.5% |
| Trade receivables | 40 | €25,946 | €23,731 | -€2,216 | -8.5% |
| Current investments | 50/53 | €173,759 | €213,759 | +€40,000 | +23.0% |
| Cash at bank and in hand | 54/58 | €131,575 | €79,658 | -€51,917 | -39.5% |
| Deferred charges and accrued income | 490/1 | - | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €344,817 | €376,094 | +€31,276 | +9.1% |
| Equity | 10/15 | €303,964 | €348,460 | +€44,496 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €285,364 | €329,860 | +€44,496 | +15.6% |
| Distributable reserves | 133 | €285,364 | €329,860 | +€44,496 | +15.6% |
| Amounts payable | 17/49 | €40,853 | €27,634 | -€13,220 | -32.4% |
| Amounts payable within one year | 42/48 | €40,730 | €27,510 | -€13,220 | -32.5% |
| Trade debts | 44 | €5,041 | €2,179 | -€2,863 | -56.8% |
| Suppliers | 440/4 | €5,041 | €2,179 | -€2,863 | -56.8% |
| Taxes, remuneration and social security | 45 | €13,280 | €14,174 | +€894 | +6.7% |
| Taxes | 450/3 | €13,280 | €14,174 | +€894 | +6.7% |
| Other amounts payable | 47/48 | €22,408 | €11,156 | -€11,252 | -50.2% |
| Accrued charges and deferred income | 492/3 | €124 | €124 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,825 | €9,535 | +€4,710 | +97.6% |
| Other operating charges | 640/8 | €1,542 | €1,380 | -€162 | -10.5% |
| Gross operating margin | 9900 | €65,639 | €68,543 | +€2,904 | +4.4% |
| Operating profit (loss) | 9901 | €59,272 | €57,628 | -€1,644 | -2.8% |
| Financial income | 75/76B | €3,666 | €4,415 | +€749 | +20.4% |
| Recurring financial income | 75 | €3,666 | €4,415 | +€749 | +20.4% |
| Financial charges | 65/66B | €1,322 | €972 | -€350 | -26.4% |
| Recurring financial charges | 65 | €1,322 | €972 | -€350 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €61,616 | €61,070 | -€546 | -0.9% |
| Income taxes | 67/77 | €16,965 | €16,574 | -€391 | -2.3% |
| Profit (loss) for the period | 9904 | €44,651 | €44,496 | -€155 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,651 | €44,496 | -€155 | -0.3% |
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 8 October 2026 via checked.be.