Derma-S: 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.
Derma-S
Largest movements
- Cash +€30,363
up €30,363 (+167.7%), from €18,108 to €48,470
mainly Other debts (+€121,430) and Net result for the year (+€112,399)
- Tangible fixed assets +€8,362
up €8,362 (+57.6%), from €14,514 to €22,876
of which Plant, machinery and equipment: +€9,964
- Deferred charges and accrued income +€5,738
up €5,738 (+109.8%), from €5,226 to €10,963
- Receivables within one year +€2,672
up €2,672 (+1.7%), from €156,553 to €159,225
of which Other amounts receivable: +€5,879
- Other debts +€121,430
up €121,430 (+121.7%), from €99,771 to €221,200
- Reserves -€88,873
no longer reported in 2025 (was €88,873)
- Tax, wage and social debts +€13,802
up €13,802 (+367.4%), from €3,757 to €17,559
of which Taxes: +€13,802
- Gross operating margin +€30,601
up €30,601 (+25.6%), from €119,458 to €150,058
- Taxes +€8,835
up €8,835 (+37.0%), from €23,857 to €32,692
- Financial income +€2,070
new in 2025: €2,070
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 | €194,400 | €241,535 | +€47,134 | +24.2% |
| Fixed assets | 21/28 | €14,514 | €22,876 | +€8,362 | +57.6% |
| Tangible fixed assets | 22/27 | €14,514 | €22,876 | +€8,362 | +57.6% |
| Plant, machinery and equipment | 23 | €8,424 | €18,388 | +€9,964 | +118.3% |
| Furniture and vehicles | 24 | €6,090 | €4,489 | -€1,601 | -26.3% |
| Current assets | 29/58 | €179,886 | €218,658 | +€38,772 | +21.6% |
| Amounts receivable within one year | 40/41 | €156,553 | €159,225 | +€2,672 | +1.7% |
| Trade receivables | 40 | €3,207 | - | -€3,207 | |
| Other amounts receivable | 41 | €153,346 | €159,225 | +€5,879 | +3.8% |
| Cash at bank and in hand | 54/58 | €18,108 | €48,470 | +€30,363 | +167.7% |
| Deferred charges and accrued income | 490/1 | €5,226 | €10,963 | +€5,738 | +109.8% |
| Total equity and liabilities | 10/49 | €194,400 | €241,535 | +€47,134 | +24.2% |
| Equity | 10/15 | €90,873 | €2,000 | -€88,873 | -97.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €88,873 | - | -€88,873 | |
| Distributable reserves | 133 | €88,873 | - | -€88,873 | |
| Amounts payable | 17/49 | €103,528 | €239,535 | +€136,007 | +131.4% |
| Amounts payable within one year | 42/48 | €103,528 | €239,535 | +€136,007 | +131.4% |
| Trade debts | 44 | - | €776 | +€776 | |
| Suppliers | 440/4 | - | €776 | +€776 | |
| Taxes, remuneration and social security | 45 | €3,757 | €17,559 | +€13,802 | +367.4% |
| Taxes | 450/3 | €1,357 | €15,159 | +€13,802 | +1017.1% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €99,771 | €221,200 | +€121,430 | +121.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,340 | €6,588 | +€248 | +3.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €119,458 | €150,058 | +€30,601 | +25.6% |
| Operating profit (loss) | 9901 | €112,730 | €143,071 | +€30,341 | +26.9% |
| Financial income | 75/76B | - | €2,070 | +€2,070 | |
| Recurring financial income | 75 | - | €2,070 | +€2,070 | |
| Financial charges | 65/66B | €44 | €50 | +€7 | +15.9% |
| Recurring financial charges | 65 | €44 | €50 | +€7 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €112,686 | €145,091 | +€32,404 | +28.8% |
| Income taxes | 67/77 | €23,857 | €32,692 | +€8,835 | +37.0% |
| Profit (loss) for the period | 9904 | €88,829 | €112,399 | +€23,569 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,829 | €112,399 | +€23,569 | +26.5% |
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.