DERINVEST: 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.
DERINVEST
Largest movements
- Tangible fixed assets +€22,741
up €22,741 (+15.8%), from €143,778 to €166,520
of which Plant, machinery and equipment: +€22,741
- Receivables within one year -€12,985
no longer reported in 2025 (was €12,985)
- Cash -€2,491
down €2,491 (-97.3%), from €2,560 to €69
mainly Investment in fixed assets (net) (-€24,200) and Net result for the year (-€6,094)
- Debts after one year +€13,000
new in 2025: €13,000
- Profit (loss) carried forward -€6,094
down €6,094 (-100%), from -€6,064 to -€12,158
- Depreciation +€1,459
new in 2025: €1,459
- Other operating charges -€1,049
down €1,049 (-43.7%), from €2,397 to €1,349
- Gross operating margin -€797
down €797 (-32.8%), from -€2,433 to -€3,230
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 | €159,323 | €166,589 | +€7,265 | +4.6% |
| Fixed assets | 21/28 | €143,778 | €166,520 | +€22,741 | +15.8% |
| Tangible fixed assets | 22/27 | €143,778 | €166,520 | +€22,741 | +15.8% |
| Land and buildings | 22 | €143,778 | €143,778 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €22,741 | +€22,741 | |
| Current assets | 29/58 | €15,545 | €69 | -€15,476 | -99.6% |
| Amounts receivable within one year | 40/41 | €12,985 | - | -€12,985 | |
| Other amounts receivable | 41 | €12,985 | - | -€12,985 | |
| Cash at bank and in hand | 54/58 | €2,560 | €69 | -€2,491 | -97.3% |
| Total equity and liabilities | 10/49 | €159,323 | €166,589 | +€7,265 | +4.6% |
| Equity | 10/15 | €158,936 | €152,842 | -€6,094 | -3.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,064 | -€12,158 | -€6,094 | -100% |
| Amounts payable | 17/49 | €387 | €13,746 | +€13,359 | +3,449% |
| Amounts payable after more than one year | 17 | - | €13,000 | +€13,000 | |
| Financial debts | 170/4 | - | €13,000 | +€13,000 | |
| Amounts payable within one year | 42/48 | €387 | €746 | +€359 | +92.7% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | - | €746 | +€746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,459 | +€1,459 | |
| Other operating charges | 640/8 | €2,397 | €1,349 | -€1,049 | -43.7% |
| Gross operating margin | 9900 | -€2,433 | -€3,230 | -€797 | -32.8% |
| Operating profit (loss) | 9901 | -€4,830 | -€6,037 | -€1,207 | -25.0% |
| Financial charges | 65/66B | €53 | €56 | +€4 | +7.1% |
| Recurring financial charges | 65 | €53 | €56 | +€4 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,883 | -€6,094 | -€1,211 | -24.8% |
| Profit (loss) for the period | 9904 | -€4,883 | -€6,094 | -€1,211 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,883 | -€6,094 | -€1,211 | -24.8% |
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 26 October 2026 via checked.be.