DEREZ CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€50,966
down €50,966 (-71.3%), from €71,484 to €20,519
of which Trade receivables: -€53,015
- Cash +€17,820
up €17,820 (+216%), from €8,256 to €26,076
mainly Receivables within one year (+€50,966) and Net result for the year (+€27,953)
- Receivables after one year +€10,000
new in 2025: €10,000
- Deferred charges and accrued income +€3,880
up €3,880 (+111%), from €3,507 to €7,387
- Tangible fixed assets -€3,647
down €3,647 (-6.2%), from €58,467 to €54,820
of which Furniture and vehicles: -€3,349
- Trade debts -€46,303
down €46,303 (-75.9%), from €60,969 to €14,666
- Reserves +€27,953
up €27,953 (+265%), from €10,567 to €38,520
- Debts after one year -€10,921
down €10,921 (-22.1%), from €49,480 to €38,559
- Tax, wage and social debts +€5,137
up €5,137 (+81.5%), from €6,301 to €11,438
of which Taxes: +€6,137
- Current portion of long-term debt +€2,004
up €2,004 (+17.3%), from €11,615 to €13,619
- Gross operating margin +€37,189
up €37,189 (+238%), from €15,650 to €52,839
- Depreciation +€11,039
up €11,039 (+574%), from €1,922 to €12,960
- Taxes +€7,468
up €7,468 (+277%), from €2,692 to €10,160
- Financial charges +€1,823
up €1,823 (+627%), from €291 to €2,114
- Financial income +€873
up €873 (+8,733,000%), from €0 to €873
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 | €141,714 | €118,802 | -€22,913 | -16.2% |
| Fixed assets | 21/28 | €58,467 | €54,820 | -€3,647 | -6.2% |
| Tangible fixed assets | 22/27 | €58,467 | €54,820 | -€3,647 | -6.2% |
| Land and buildings | 22 | €2,952 | €2,654 | -€298 | -10.1% |
| Furniture and vehicles | 24 | €55,515 | €52,166 | -€3,349 | -6.0% |
| Current assets | 29/58 | €83,247 | €63,982 | -€19,266 | -23.1% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €71,484 | €20,519 | -€50,966 | -71.3% |
| Trade receivables | 40 | €71,484 | €18,469 | -€53,015 | -74.2% |
| Other amounts receivable | 41 | - | €2,049 | +€2,049 | |
| Cash at bank and in hand | 54/58 | €8,256 | €26,076 | +€17,820 | +216% |
| Deferred charges and accrued income | 490/1 | €3,507 | €7,387 | +€3,880 | +111% |
| Total equity and liabilities | 10/49 | €141,714 | €118,802 | -€22,913 | -16.2% |
| Equity | 10/15 | €12,567 | €40,520 | +€27,953 | +222% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,567 | €38,520 | +€27,953 | +265% |
| Distributable reserves | 133 | €10,567 | €38,520 | +€27,953 | +265% |
| Amounts payable | 17/49 | €129,147 | €78,282 | -€50,865 | -39.4% |
| Amounts payable after more than one year | 17 | €49,480 | €38,559 | -€10,921 | -22.1% |
| Financial debts | 170/4 | €49,480 | €38,559 | -€10,921 | -22.1% |
| Amounts payable within one year | 42/48 | €79,667 | €39,723 | -€39,944 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €11,615 | €13,619 | +€2,004 | +17.3% |
| Trade debts | 44 | €60,969 | €14,666 | -€46,303 | -75.9% |
| Suppliers | 440/4 | €60,969 | €14,666 | -€46,303 | -75.9% |
| Taxes, remuneration and social security | 45 | €6,301 | €11,438 | +€5,137 | +81.5% |
| Taxes | 450/3 | €4,901 | €11,038 | +€6,137 | +125% |
| Remuneration and social security | 454/9 | €1,400 | €400 | -€1,000 | -71.4% |
| Other amounts payable | 47/48 | €783 | - | -€783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €12,960 | +€11,039 | +574% |
| Other operating charges | 640/8 | €178 | €525 | +€347 | +195% |
| Gross operating margin | 9900 | €15,650 | €52,839 | +€37,189 | +238% |
| Operating profit (loss) | 9901 | €13,550 | €39,353 | +€25,803 | +190% |
| Financial income | 75/76B | €0 | €873 | +€873 | +8,733,000% |
| Recurring financial income | 75 | €0 | €873 | +€873 | +8,733,000% |
| Financial charges | 65/66B | €291 | €2,114 | +€1,823 | +627% |
| Recurring financial charges | 65 | €291 | €2,114 | +€1,823 | +627% |
| Profit (loss) for the period before taxes | 9903 | €13,260 | €38,113 | +€24,853 | +187% |
| Income taxes | 67/77 | €2,692 | €10,160 | +€7,468 | +277% |
| Profit (loss) for the period | 9904 | €10,567 | €27,953 | +€17,385 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €10,567 | €27,953 | +€17,385 | +165% |
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 15 October 2026 via checked.be.