DERMAC: 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.
What changed
DERMAC
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.1m+€152,096
Equity
€4.0m
2024 · €3.2m+€752,584
Cash
€1.3m
2024 · €860,512+€414,464
Balance sheet total
€5.3m
2024 · €4.1m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+61.9%), from €1.9m to €3.1m
of which Land and buildings: +€1.2m
- Cash +€414,464
up €414,464 (+48.2%), from €860,512 to €1.3m
mainly Net result for the year (+€1.3m) and Current investments (+€349,750)
- Current investments -€349,750
down €349,750 (-43.8%), from €799,426 to €449,676
Equity and liabilities
- Reserves +€752,584
up €752,584 (+23.3%), from €3.2m to €4.0m
of which Tax-exempt reserves: +€560,300
- Debts after one year +€256,720
up €256,720 (+66.6%), from €385,540 to €642,260
- Tax, wage and social debts +€112,374
up €112,374 (+216%), from €52,107 to €164,481
of which Taxes: +€112,997
- Current portion of long-term debt +€95,073
up €95,073 (+64.1%), from €148,207 to €243,280
- Other debts +€53,285
up €53,285 (+36.9%), from €144,369 to €197,653
Income statement
- Gross operating margin +€220,527
up €220,527 (+12.2%), from €1.8m to €2.0m
- Taxes +€58,683
up €58,683 (+12.8%), from €456,782 to €515,465
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.
Result 2024
€1.1m
Gross operating margin
+€220,527
Staff costs
+€2,655
Depreciation
-€16,282
Write-downs
-€9,016
Other operating charges
+€12,186
Other operating items
-€16,791
Financial income
+€17,469
Financial charges
+€32
Taxes
-€58,683
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.0m
Financing
-€193,157
Cash 2024
€860,512
From operations (derived)
+€1.6m
Net result for the year
+€1.3m
Depreciation
+€201,188
Stocks and contracts
+€4,260
Receivables within one year
+€26,846
Deferred charges and accrued income
-€21,897
Trade debts
-€41,019
Tax, wage and social debts
+€112,374
Other debts
+€53,285
Accrued charges and deferred income
-€3,913
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.4m
Current investments
+€349,750
Financing
-€193,157
Debts after one year
+€256,720
Current portion of long-term debt
+€95,073
Contributions, distributions and other
-€544,950
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,060,680 | €5,285,784 | +€1.2m | +30.2% |
| Fixed assets | 21/28 | €1,894,749 | €3,064,348 | +€1.2m | +61.7% |
| Intangible fixed assets | 21 | €3,059 | €2,357 | -€702 | -22.9% |
| Tangible fixed assets | 22/27 | €1,890,910 | €3,061,235 | +€1.2m | +61.9% |
| Land and buildings | 22 | €1,444,146 | €2,680,259 | +€1.2m | +85.6% |
| Plant, machinery and equipment | 23 | €334,867 | €279,347 | -€55,520 | -16.6% |
| Furniture and vehicles | 24 | €21,300 | €14,183 | -€7,117 | -33.4% |
| Other tangible fixed assets | 26 | €90,596 | €87,446 | -€3,150 | -3.5% |
| Financial fixed assets | 28 | €780 | €755 | -€25 | -3.2% |
| Current assets | 29/58 | €2,165,931 | €2,221,436 | +€55,506 | +2.6% |
| Stocks and contracts in progress | 3 | €94,004 | €89,745 | -€4,260 | -4.5% |
| Stocks | 30/36 | €52,625 | €48,430 | -€4,195 | -8.0% |
| Contracts in progress | 37 | €41,379 | €41,314 | -€65 | -0.2% |
| Amounts receivable within one year | 40/41 | €355,743 | €328,898 | -€26,846 | -7.5% |
| Trade receivables | 40 | €317,072 | €307,971 | -€9,101 | -2.9% |
| Other amounts receivable | 41 | €38,671 | €20,927 | -€17,744 | -45.9% |
| Current investments | 50/53 | €799,426 | €449,676 | -€349,750 | -43.8% |
| Cash at bank and in hand | 54/58 | €860,512 | €1,274,976 | +€414,464 | +48.2% |
| Deferred charges and accrued income | 490/1 | €56,245 | €78,142 | +€21,897 | +38.9% |
| Total equity and liabilities | 10/49 | €4,060,680 | €5,285,784 | +€1.2m | +30.2% |
| Equity | 10/15 | €3,234,032 | €3,986,616 | +€752,584 | +23.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €3,227,826 | €3,980,411 | +€752,584 | +23.3% |
| Tax-exempt reserves | 132 | €1,207,900 | €1,768,200 | +€560,300 | +46.4% |
| Distributable reserves | 133 | €2,019,926 | €2,212,211 | +€192,284 | +9.5% |
| Amounts payable | 17/49 | €826,648 | €1,299,168 | +€472,521 | +57.2% |
| Amounts payable after more than one year | 17 | €385,540 | €642,260 | +€256,720 | +66.6% |
| Financial debts | 170/4 | €385,540 | €642,260 | +€256,720 | +66.6% |
| Amounts payable within one year | 42/48 | €424,554 | €644,267 | +€219,713 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €148,207 | €243,280 | +€95,073 | +64.1% |
| Trade debts | 44 | €79,872 | €38,853 | -€41,019 | -51.4% |
| Suppliers | 440/4 | €79,872 | €38,853 | -€41,019 | -51.4% |
| Taxes, remuneration and social security | 45 | €52,107 | €164,481 | +€112,374 | +216% |
| Taxes | 450/3 | €49,925 | €162,922 | +€112,997 | +226% |
| Remuneration and social security | 454/9 | €2,183 | €1,559 | -€624 | -28.6% |
| Other amounts payable | 47/48 | €144,369 | €197,653 | +€53,285 | +36.9% |
| Accrued charges and deferred income | 492/3 | €16,554 | €12,641 | -€3,913 | -23.6% |
| Remuneration, social security and pensions | 62 | €3,663 | €1,008 | -€2,655 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,905 | €201,188 | +€16,282 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,016 | - | +€9,016 | |
| Other operating charges | 640/8 | €53,273 | €41,088 | -€12,186 | -22.9% |
| Non-recurring operating charges | 66A | - | €16,791 | +€16,791 | |
| Gross operating margin | 9900 | €1,809,936 | €2,030,462 | +€220,527 | +12.2% |
| Operating profit (loss) | 9901 | €1,577,110 | €1,770,388 | +€193,278 | +12.3% |
| Financial income | 75/76B | €30,532 | €48,002 | +€17,469 | +57.2% |
| Recurring financial income | 75 | €30,532 | €48,002 | +€17,469 | +57.2% |
| Financial charges | 65/66B | €5,423 | €5,391 | -€32 | -0.6% |
| Recurring financial charges | 65 | €5,423 | €5,391 | -€32 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €1,602,220 | €1,812,999 | +€210,779 | +13.2% |
| Income taxes | 67/77 | €456,782 | €515,465 | +€58,683 | +12.8% |
| Profit (loss) for the period | 9904 | €1,145,438 | €1,297,534 | +€152,096 | +13.3% |
| Transfer from tax-exempt reserves | 789 | - | €71,200 | +€71,200 | |
| Transfer to tax-exempt reserves | 689 | €526,250 | €631,500 | +€105,250 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €619,188 | €737,234 | +€118,046 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.