DERINOP: 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.
DERINOP
Largest movements
- Receivables within one year +€89,524
up €89,524 (+35.5%), from €252,458 to €341,982
of which Trade receivables: +€77,033
- Cash +€56,305
new in 2025: €56,305
mainly Net result for the year (+€227,421) and Trade debts (+€101,510)
- Stocks and contracts +€38,342
up €38,342 (+74.6%), from €51,432 to €89,774
- Current investments -€14,057
no longer reported in 2025 (was €14,057)
- Trade debts +€101,510
up €101,510 (+126.9%), from €79,977 to €181,487
- Profit (loss) carried forward +€66,860
no longer reported in 2025 (was -€66,860)
- Reserves +€10,561
new in 2025: €10,561
- Tax, wage and social debts -€7,296
down €7,296 (-38.5%), from €18,972 to €11,676
of which Remuneration and social security: -€3,887
- Taxes +€73,692
up €73,692 (+2161.9%), from €3,409 to €77,100
- Gross operating margin +€25,092
up €25,092 (+5.4%), from €460,696 to €485,788
- Staff costs -€16,551
down €16,551 (-9.8%), from €169,217 to €152,666
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 | €392,977 | €563,680 | +€170,703 | +43.4% |
| Fixed assets | 21/28 | €75,031 | €75,619 | +€588 | +0.8% |
| Tangible fixed assets | 22/27 | €75,031 | €75,619 | +€588 | +0.8% |
| Land and buildings | 22 | €13,116 | €12,537 | -€579 | -4.4% |
| Plant, machinery and equipment | 23 | €61,915 | €50,342 | -€11,572 | -18.7% |
| Furniture and vehicles | 24 | - | €12,740 | +€12,740 | |
| Current assets | 29/58 | €317,947 | €488,061 | +€170,115 | +53.5% |
| Stocks and contracts in progress | 3 | €51,432 | €89,774 | +€38,342 | +74.6% |
| Stocks | 30/36 | €51,432 | €89,774 | +€38,342 | +74.6% |
| Amounts receivable within one year | 40/41 | €252,458 | €341,982 | +€89,524 | +35.5% |
| Trade receivables | 40 | €161,481 | €238,514 | +€77,033 | +47.7% |
| Other amounts receivable | 41 | €90,978 | €103,469 | +€12,491 | +13.7% |
| Current investments | 50/53 | €14,057 | - | -€14,057 | |
| Cash at bank and in hand | 54/58 | - | €56,305 | +€56,305 | |
| Total equity and liabilities | 10/49 | €392,977 | €563,680 | +€170,703 | +43.4% |
| Equity | 10/15 | €292,029 | €369,450 | +€77,421 | +26.5% |
| Contributions | 10/11 | €358,889 | €358,889 | = | 0.0% |
| Reserves | 13 | - | €10,561 | +€10,561 | |
| Distributable reserves | 133 | - | €10,561 | +€10,561 | |
| Profit (loss) carried forward | 14 | -€66,860 | - | +€66,860 | |
| Amounts payable | 17/49 | €100,948 | €194,230 | +€93,282 | +92.4% |
| Amounts payable within one year | 42/48 | €100,948 | €194,230 | +€93,282 | +92.4% |
| Trade debts | 44 | €79,977 | €181,487 | +€101,510 | +126.9% |
| Suppliers | 440/4 | €79,977 | €181,487 | +€101,510 | +126.9% |
| Taxes, remuneration and social security | 45 | €18,972 | €11,676 | -€7,296 | -38.5% |
| Taxes | 450/3 | €3,409 | - | -€3,409 | |
| Remuneration and social security | 454/9 | €15,563 | €11,676 | -€3,887 | -25.0% |
| Other amounts payable | 47/48 | €2,000 | €1,067 | -€933 | -46.6% |
| Remuneration, social security and pensions | 62 | €169,217 | €152,666 | -€16,551 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,782 | €25,450 | +€4,668 | +22.5% |
| Other operating charges | 640/8 | €3,261 | €3,436 | +€175 | +5.4% |
| Gross operating margin | 9900 | €460,696 | €485,788 | +€25,092 | +5.4% |
| Operating profit (loss) | 9901 | €267,436 | €304,237 | +€36,800 | +13.8% |
| Financial income | 75/76B | €467 | €2,304 | +€1,837 | +393.4% |
| Recurring financial income | 75 | €467 | €2,304 | +€1,837 | +393.4% |
| Financial charges | 65/66B | €4,305 | €2,019 | -€2,286 | -53.1% |
| Recurring financial charges | 65 | €4,305 | €2,019 | -€2,286 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €263,598 | €304,521 | +€40,923 | +15.5% |
| Income taxes | 67/77 | €3,409 | €77,100 | +€73,692 | +2161.9% |
| Profit (loss) for the period | 9904 | €260,190 | €227,421 | -€32,768 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €260,190 | €227,421 | -€32,768 | -12.6% |
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.