DERMATTHEWS: 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.
DERMATTHEWS
Largest movements
- Receivables within one year +€87,917
up €87,917 (+119.4%), from €73,628 to €161,545
of which Other amounts receivable: +€109,500
- Cash -€3,032
down €3,032 (-4.4%), from €69,315 to €66,283
mainly Receivables within one year (-€87,917) and Tax, wage and social debts (-€6,527)
- Profit (loss) carried forward +€91,863
up €91,863 (+68.9%), from €133,328 to €225,191
- Tax, wage and social debts -€6,527
down €6,527 (-29.0%), from €22,527 to €16,000
- Gross operating margin +€17,390
up €17,390 (+15.7%), from €110,700 to €128,090
- Taxes +€9,446
up €9,446 (+41.9%), from €22,527 to €31,973
- Financial income +€1,952
up €1,952 (+316.7%), from €616 to €2,568
- Depreciation +€1,691
up €1,691 (+46.9%), from €3,606 to €5,297
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 | €161,101 | €246,191 | +€85,090 | +52.8% |
| Fixed assets | 21/28 | €18,158 | €18,363 | +€205 | +1.1% |
| Tangible fixed assets | 22/27 | €18,158 | €18,363 | +€205 | +1.1% |
| Plant, machinery and equipment | 23 | €6,206 | €5,545 | -€661 | -10.7% |
| Furniture and vehicles | 24 | €11,952 | €12,818 | +€866 | +7.2% |
| Current assets | 29/58 | €142,943 | €227,828 | +€84,885 | +59.4% |
| Amounts receivable within one year | 40/41 | €73,628 | €161,545 | +€87,917 | +119.4% |
| Trade receivables | 40 | €23,473 | €1,890 | -€21,583 | -91.9% |
| Other amounts receivable | 41 | €50,155 | €159,655 | +€109,500 | +218.3% |
| Cash at bank and in hand | 54/58 | €69,315 | €66,283 | -€3,032 | -4.4% |
| Total equity and liabilities | 10/49 | €161,101 | €246,191 | +€85,090 | +52.8% |
| Equity | 10/15 | €137,328 | €229,191 | +€91,863 | +66.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,328 | €225,191 | +€91,863 | +68.9% |
| Amounts payable | 17/49 | €23,773 | €17,000 | -€6,773 | -28.5% |
| Amounts payable within one year | 42/48 | €23,773 | €16,000 | -€7,773 | -32.7% |
| Trade debts | 44 | €1,247 | - | -€1,247 | |
| Suppliers | 440/4 | €1,247 | - | -€1,247 | |
| Taxes, remuneration and social security | 45 | €22,527 | €16,000 | -€6,527 | -29.0% |
| Taxes | 450/3 | €22,527 | €16,000 | -€6,527 | -29.0% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,606 | €5,297 | +€1,691 | +46.9% |
| Other operating charges | 640/8 | €765 | €799 | +€34 | +4.4% |
| Gross operating margin | 9900 | €110,700 | €128,090 | +€17,390 | +15.7% |
| Operating profit (loss) | 9901 | €106,329 | €121,994 | +€15,665 | +14.7% |
| Financial income | 75/76B | €616 | €2,568 | +€1,952 | +316.7% |
| Recurring financial income | 75 | €616 | €2,568 | +€1,952 | +316.7% |
| Financial charges | 65/66B | €1,583 | €726 | -€857 | -54.1% |
| Recurring financial charges | 65 | €1,583 | €726 | -€857 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €105,362 | €123,836 | +€18,474 | +17.5% |
| Income taxes | 67/77 | €22,527 | €31,973 | +€9,446 | +41.9% |
| Profit (loss) for the period | 9904 | €82,835 | €91,863 | +€9,028 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,835 | €91,863 | +€9,028 | +10.9% |
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.