DEREVEE: 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.
DEREVEE
Largest movements
- Receivables within one year +€115,387
up €115,387 (+50.3%), from €229,194 to €344,581
of which Trade receivables: +€121,699
- Tangible fixed assets -€52,076
down €52,076 (-21.4%), from €243,314 to €191,238
of which Plant, machinery and equipment: -€27,396
- Stocks and contracts -€49,875
down €49,875 (-24.7%), from €201,983 to €152,109
- Trade debts +€75,314
up €75,314 (+29.5%), from €254,988 to €330,302
- Debts after one year -€41,769
down €41,769 (-29.5%), from €141,609 to €99,840
- Other debts -€40,639
down €40,639 (-63.5%), from €64,018 to €23,379
- Short-term financial debts +€18,345
up €18,345 (+82.4%), from €22,277 to €40,622
- Current portion of long-term debt -€13,026
down €13,026 (-23.8%), from €54,796 to €41,769
- Gross operating margin +€9,567
up €9,567 (+12.5%), from €76,369 to €85,937
- Financial income +€9,264
up €9,264 (+445393.8%), from €2 to €9,266
- Taxes +€7,081
new in 2025: €7,081
- Other operating charges +€2,139
up €2,139 (+34.7%), from €6,158 to €8,297
- Depreciation -€1,903
down €1,903 (-2.9%), from €65,700 to €63,797
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 | €677,203 | €689,863 | +€12,660 | +1.9% |
| Fixed assets | 21/28 | €243,314 | €191,238 | -€52,076 | -21.4% |
| Tangible fixed assets | 22/27 | €243,314 | €191,238 | -€52,076 | -21.4% |
| Land and buildings | 22 | €87,461 | €76,478 | -€10,983 | -12.6% |
| Plant, machinery and equipment | 23 | €104,816 | €77,420 | -€27,396 | -26.1% |
| Furniture and vehicles | 24 | €51,036 | €37,340 | -€13,697 | -26.8% |
| Current assets | 29/58 | €433,889 | €498,625 | +€64,736 | +14.9% |
| Stocks and contracts in progress | 3 | €201,983 | €152,109 | -€49,875 | -24.7% |
| Stocks | 30/36 | €201,983 | €152,109 | -€49,875 | -24.7% |
| Amounts receivable within one year | 40/41 | €229,194 | €344,581 | +€115,387 | +50.3% |
| Trade receivables | 40 | €220,437 | €342,137 | +€121,699 | +55.2% |
| Other amounts receivable | 41 | €8,756 | €2,444 | -€6,312 | -72.1% |
| Cash at bank and in hand | 54/58 | €1,611 | €1,249 | -€362 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,101 | €687 | -€414 | -37.6% |
| Total equity and liabilities | 10/49 | €677,203 | €689,863 | +€12,660 | +1.9% |
| Equity | 10/15 | €135,951 | €144,094 | +€8,143 | +6.0% |
| Contributions | 10/11 | €86,000 | €86,000 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €22,318 | €19,395 | -€2,922 | -13.1% |
| Tax-exempt reserves | 132 | €9,784 | €6,862 | -€2,922 | -29.9% |
| Distributable reserves | 133 | €12,534 | €12,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,367 | -€161,301 | +€11,066 | +6.4% |
| Provisions and deferred taxes | 16 | €2,446 | €1,715 | -€731 | -29.9% |
| Deferred taxes | 168 | €2,446 | €1,715 | -€731 | -29.9% |
| Amounts payable | 17/49 | €538,806 | €544,053 | +€5,248 | +1.0% |
| Amounts payable after more than one year | 17 | €141,609 | €99,840 | -€41,769 | -29.5% |
| Financial debts | 170/4 | €141,609 | €99,840 | -€41,769 | -29.5% |
| Amounts payable within one year | 42/48 | €396,907 | €443,990 | +€47,083 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €54,796 | €41,769 | -€13,026 | -23.8% |
| Financial debts | 43 | €22,277 | €40,622 | +€18,345 | +82.4% |
| Credit institutions | 430/8 | €22,277 | €40,622 | +€18,345 | +82.4% |
| Trade debts | 44 | €254,988 | €330,302 | +€75,314 | +29.5% |
| Suppliers | 440/4 | €254,988 | €330,302 | +€75,314 | +29.5% |
| Taxes, remuneration and social security | 45 | €830 | €7,918 | +€7,089 | +854.4% |
| Taxes | 450/3 | €830 | €7,918 | +€7,089 | +854.4% |
| Other amounts payable | 47/48 | €64,018 | €23,379 | -€40,639 | -63.5% |
| Accrued charges and deferred income | 492/3 | €289 | €224 | -€66 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,700 | €63,797 | -€1,903 | -2.9% |
| Other operating charges | 640/8 | €6,158 | €8,297 | +€2,139 | +34.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €76,369 | €85,937 | +€9,567 | +12.5% |
| Operating profit (loss) | 9901 | €4,511 | €13,843 | +€9,332 | +206.9% |
| Financial income | 75/76B | €2 | €9,266 | +€9,264 | +445393.8% |
| Recurring financial income | 75 | €2 | €9,266 | +€9,264 | +445393.8% |
| Financial charges | 65/66B | €9,376 | €8,616 | -€760 | -8.1% |
| Recurring financial charges | 65 | €9,376 | €8,616 | -€760 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,863 | €14,493 | +€19,356 | |
| Transfer from deferred taxes | 780 | €2,922 | €2,922 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | - | €7,081 | +€7,081 | |
| Profit (loss) for the period | 9904 | -€1,940 | €10,335 | +€12,275 | |
| Transfer from tax-exempt reserves | 789 | €731 | €731 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,210 | €11,066 | +€12,275 |
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.