DERMAUT CHRIS: 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.
DERMAUT CHRIS
Largest movements
- Cash -€177,340
down €177,340 (-80.9%), from €219,237 to €41,897
mainly Net result for the year (-€84,973) and Other debts (-€60,716)
- Tangible fixed assets -€8,199
down €8,199 (-5.5%), from €147,942 to €139,743
of which Land and buildings: -€6,810
- Profit (loss) carried forward -€84,973
down €84,973 (-35.6%), from €238,461 to €153,489
- Other debts -€60,716
down €60,716 (-22.0%), from €275,727 to €215,011
- Debts after one year -€18,900
down €18,900 (-69.9%), from €27,022 to €8,122
- Trade debts -€18,464
down €18,464 (-63.7%), from €28,976 to €10,512
- Gross operating margin -€164,835
down €164,835, from €139,440 to -€25,395
- Staff costs -€46,102
down €46,102 (-64.4%), from €71,612 to €25,510
- Financial charges -€10,663
down €10,663 (-35.5%), from €30,000 to €19,337
- Other operating charges -€10,188
down €10,188 (-86.4%), from €11,799 to €1,610
- Taxes -€8,749
down €8,749 (-99.5%), from €8,793 to €44
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 | €734,139 | €546,604 | -€187,535 | -25.5% |
| Fixed assets | 21/28 | €147,942 | €139,743 | -€8,199 | -5.5% |
| Tangible fixed assets | 22/27 | €147,942 | €139,743 | -€8,199 | -5.5% |
| Land and buildings | 22 | €126,676 | €119,866 | -€6,810 | -5.4% |
| Plant, machinery and equipment | 23 | €5,224 | €4,061 | -€1,163 | -22.3% |
| Furniture and vehicles | 24 | €16,042 | €15,816 | -€226 | -1.4% |
| Current assets | 29/58 | €586,197 | €406,861 | -€179,336 | -30.6% |
| Amounts receivable within one year | 40/41 | €366,960 | €364,964 | -€1,996 | -0.5% |
| Trade receivables | 40 | €329,521 | €328,582 | -€939 | -0.3% |
| Other amounts receivable | 41 | €37,439 | €36,382 | -€1,057 | -2.8% |
| Cash at bank and in hand | 54/58 | €219,237 | €41,897 | -€177,340 | -80.9% |
| Total equity and liabilities | 10/49 | €734,139 | €546,604 | -€187,535 | -25.5% |
| Equity | 10/15 | €373,223 | €288,250 | -€84,973 | -22.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,361 | €122,361 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,501 | €120,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,461 | €153,489 | -€84,973 | -35.6% |
| Amounts payable | 17/49 | €360,917 | €258,354 | -€102,563 | -28.4% |
| Amounts payable after more than one year | 17 | €27,022 | €8,122 | -€18,900 | -69.9% |
| Financial debts | 170/4 | €27,022 | €8,122 | -€18,900 | -69.9% |
| Amounts payable within one year | 42/48 | €333,895 | €250,232 | -€83,663 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €18,550 | €18,900 | +€350 | +1.9% |
| Financial debts | 43 | €1,467 | - | -€1,467 | |
| Credit institutions | 430/8 | €1,467 | - | -€1,467 | |
| Trade debts | 44 | €28,976 | €10,512 | -€18,464 | -63.7% |
| Suppliers | 440/4 | €28,976 | €10,512 | -€18,464 | -63.7% |
| Taxes, remuneration and social security | 45 | €9,175 | €5,810 | -€3,365 | -36.7% |
| Taxes | 450/3 | €6,674 | €5,810 | -€864 | -13.0% |
| Remuneration and social security | 454/9 | €2,501 | - | -€2,501 | |
| Other amounts payable | 47/48 | €275,727 | €215,011 | -€60,716 | -22.0% |
| Remuneration, social security and pensions | 62 | €71,612 | €25,510 | -€46,102 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,239 | €14,263 | +€1,024 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,466 | - | +€8,466 | |
| Other operating charges | 640/8 | €11,799 | €1,610 | -€10,188 | -86.4% |
| Gross operating margin | 9900 | €139,440 | -€25,395 | -€164,835 | |
| Operating profit (loss) | 9901 | €51,257 | -€66,778 | -€118,036 | |
| Financial income | 75/76B | €5,212 | €1,187 | -€4,026 | -77.2% |
| Recurring financial income | 75 | €5,212 | €1,187 | -€4,026 | -77.2% |
| Financial charges | 65/66B | €30,000 | €19,337 | -€10,663 | -35.5% |
| Recurring financial charges | 65 | €30,000 | €19,337 | -€10,663 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €26,470 | -€84,929 | -€111,399 | |
| Income taxes | 67/77 | €8,793 | €44 | -€8,749 | -99.5% |
| Profit (loss) for the period | 9904 | €17,677 | -€84,973 | -€102,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,677 | -€84,973 | -€102,650 |
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 25 October 2026 via checked.be.