DERGO PROJECT: 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.
DERGO PROJECT
Largest movements
- Receivables within one year -€404,833
down €404,833 (-81.2%), from €498,457 to €93,623
- Other debts -€255,732
down €255,732 (-62.3%), from €410,508 to €154,775
- Profit (loss) carried forward -€143,012
down €143,012 (-48.7%), from €293,638 to €150,625
- Gross operating margin +€17,908
up €17,908 (+54.6%), from -€32,795 to -€14,887
- Financial charges -€5,927
down €5,927 (-38.0%), from €15,616 to €9,689
- Financial income -€2,585
down €2,585 (-58.7%), from €4,402 to €1,817
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 | €985,353 | €586,767 | -€398,586 | -40.5% |
| Fixed assets | 21/28 | €486,500 | €486,500 | = | 0.0% |
| Financial fixed assets | 28 | €486,500 | €486,500 | = | 0.0% |
| Current assets | 29/58 | €498,853 | €100,267 | -€398,586 | -79.9% |
| Amounts receivable within one year | 40/41 | €498,457 | €93,623 | -€404,833 | -81.2% |
| Other amounts receivable | 41 | €498,457 | €93,623 | -€404,833 | -81.2% |
| Cash at bank and in hand | 54/58 | €396 | €6,643 | +€6,248 | +1579.4% |
| Total equity and liabilities | 10/49 | €985,353 | €586,767 | -€398,586 | -40.5% |
| Equity | 10/15 | €572,667 | €429,655 | -€143,012 | -25.0% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €59,030 | €59,030 | = | 0.0% |
| Distributable reserves | 133 | €59,030 | €59,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,638 | €150,625 | -€143,012 | -48.7% |
| Amounts payable | 17/49 | €412,685 | €157,112 | -€255,573 | -61.9% |
| Amounts payable within one year | 42/48 | €412,685 | €157,112 | -€255,573 | -61.9% |
| Trade debts | 44 | €2,178 | €2,336 | +€159 | +7.3% |
| Suppliers | 440/4 | €2,178 | €2,336 | +€159 | +7.3% |
| Other amounts payable | 47/48 | €410,508 | €154,775 | -€255,732 | -62.3% |
| Other operating charges | 640/8 | €968 | €1,252 | +€285 | +29.5% |
| Non-recurring operating charges | 66A | - | €119,000 | +€119,000 | |
| Gross operating margin | 9900 | -€32,795 | -€14,887 | +€17,908 | +54.6% |
| Operating profit (loss) | 9901 | -€33,763 | -€135,140 | -€101,377 | -300.3% |
| Financial income | 75/76B | €4,402 | €1,817 | -€2,585 | -58.7% |
| Recurring financial income | 75 | €4,402 | €1,817 | -€2,585 | -58.7% |
| Financial charges | 65/66B | €15,616 | €9,689 | -€5,927 | -38.0% |
| Recurring financial charges | 65 | €15,616 | €9,689 | -€5,927 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,977 | -€143,012 | -€98,035 | -218.0% |
| Profit (loss) for the period | 9904 | -€44,977 | -€143,012 | -€98,035 | -218.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,977 | -€143,012 | -€98,035 | -218.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.