DEREZ: 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.
DEREZ
Largest movements
- Tangible fixed assets -€9,172
down €9,172 (-22.4%), from €40,933 to €31,761
of which Furniture and vehicles: -€6,748
- Formation expenses -€3,263
no longer reported in 2026 (was €3,263)
- Cash -€1,837
down €1,837 (-78.2%), from €2,349 to €512
mainly Net result for the year (-€14,735) and Debts after one year (-€11,321)
- Receivables within one year -€478
no longer reported in 2026 (was €478)
of which Trade receivables: -€330
- Profit (loss) carried forward -€14,735
down €14,735 (-56.0%), from -€26,317 to -€41,052
- Debts after one year -€11,321
down €11,321 (-42.0%), from €26,957 to €15,636
- Other debts +€9,908
up €9,908 (+15832.2%), from €63 to €9,970
- Tax, wage and social debts +€863
new in 2026: €863
- Gross operating margin +€11,120
up €11,120, from -€10,294 to €826
- Financial charges -€647
down €647 (-26.1%), from €2,481 to €1,834
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,071 | €32,322 | -€14,750 | -31.3% |
| Formation expenses | 20 | €3,263 | - | -€3,263 | |
| Fixed assets | 21/28 | €40,933 | €31,761 | -€9,172 | -22.4% |
| Tangible fixed assets | 22/27 | €40,933 | €31,761 | -€9,172 | -22.4% |
| Land and buildings | 22 | €33,346 | €30,922 | -€2,424 | -7.3% |
| Furniture and vehicles | 24 | €7,587 | €840 | -€6,748 | -88.9% |
| Current assets | 29/58 | €2,875 | €560 | -€2,315 | -80.5% |
| Amounts receivable within one year | 40/41 | €478 | - | -€478 | |
| Trade receivables | 40 | €330 | - | -€330 | |
| Other amounts receivable | 41 | €147 | - | -€147 | |
| Cash at bank and in hand | 54/58 | €2,349 | €512 | -€1,837 | -78.2% |
| Deferred charges and accrued income | 490/1 | €48 | €48 | = | 0.0% |
| Total equity and liabilities | 10/49 | €47,071 | €32,322 | -€14,750 | -31.3% |
| Equity | 10/15 | €8,992 | -€5,743 | -€14,735 | |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €14,409 | €14,409 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,190 | €4,190 | = | 0.0% |
| Distributable reserves | 133 | €10,219 | €10,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,317 | -€41,052 | -€14,735 | -56.0% |
| Amounts payable | 17/49 | €38,079 | €38,064 | -€15 | 0.0% |
| Amounts payable after more than one year | 17 | €26,957 | €15,636 | -€11,321 | -42.0% |
| Financial debts | 170/4 | €26,957 | €15,636 | -€11,321 | -42.0% |
| Amounts payable within one year | 42/48 | €11,122 | €22,428 | +€11,306 | +101.7% |
| Current portion of amounts payable after more than one year | 42 | €11,021 | €11,321 | +€299 | +2.7% |
| Trade debts | 44 | €38 | €273 | +€235 | +623.1% |
| Suppliers | 440/4 | €38 | €273 | +€235 | +623.1% |
| Taxes, remuneration and social security | 45 | - | €863 | +€863 | |
| Taxes | 450/3 | - | €863 | +€863 | |
| Other amounts payable | 47/48 | €63 | €9,970 | +€9,908 | +15832.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,426 | €12,435 | +€9 | +0.1% |
| Other operating charges | 640/8 | €1,284 | €1,292 | +€7 | +0.6% |
| Gross operating margin | 9900 | -€10,294 | €826 | +€11,120 | |
| Operating profit (loss) | 9901 | -€24,004 | -€12,901 | +€11,103 | +46.3% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €2,481 | €1,834 | -€647 | -26.1% |
| Recurring financial charges | 65 | €2,481 | €1,834 | -€647 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,384 | -€14,735 | +€11,650 | +44.2% |
| Income taxes | 67/77 | -€68 | - | +€68 | |
| Profit (loss) for the period | 9904 | -€26,317 | -€14,735 | +€11,582 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,317 | -€14,735 | +€11,582 | +44.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.