Dermaut - Vanhees: 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
Dermaut - Vanhees
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€11,482
2024 · -€52,407+€40,925
Equity
€97,414
2024 · €108,896-€11,482
Cash
€0
2024 · €1,392-€1,392
Balance sheet total
€450,561
2024 · €472,353-€21,792
Largest movements
Assets
- Tangible fixed assets -€16,208
down €16,208 (-3.8%), from €426,410 to €410,202
of which Land and buildings: -€12,884
Equity and liabilities
- Debts after one year -€24,740
down €24,740 (-7.9%), from €311,456 to €286,716
- Profit (loss) carried forward -€11,482
down €11,482 (-21.9%), from -€52,407 to -€63,889
- Short-term financial debts +€7,628
new in 2025: €7,628
Income statement
- Gross operating margin +€41,465
up €41,465, from -€14,512 to €26,953
- Financial charges -€4,544
down €4,544 (-27.1%), from €16,785 to €12,242
- Depreciation +€3,691
up €3,691 (+20.2%), from €18,316 to €22,007
- Other operating charges +€1,125
up €1,125 (+43.9%), from €2,563 to €3,687
- Financial income -€301
down €301 (-99.0%), from €304 to €3
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
-€52,407
Gross operating margin
+€41,465
Depreciation
-€3,691
Other operating charges
-€1,125
Financial income
-€301
Financial charges
+€4,544
Taxes
+€34
Result 2025
-€11,482
raises the resultlowers the result
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
+€20,894
Investment
-€5,798
Financing
-€16,487
Cash 2024
€1,392
From operations (derived)
+€20,894
Net result for the year
-€11,482
Depreciation
+€22,007
Stocks and contracts
+€2,959
Receivables within one year
-€1,884
Deferred charges and accrued income
+€3,117
Trade debts
+€2,918
Other debts
+€3,259
Investment (derived)
-€5,798
Investment in fixed assets (net)
-€5,798
Financing
-€16,487
Debts after one year
-€24,740
Current portion of long-term debt
+€626
Short-term financial debts
+€7,628
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,353 | €450,561 | -€21,792 | -4.6% |
| Fixed assets | 21/28 | €427,910 | €411,702 | -€16,208 | -3.8% |
| Tangible fixed assets | 22/27 | €426,410 | €410,202 | -€16,208 | -3.8% |
| Land and buildings | 22 | €372,445 | €359,561 | -€12,884 | -3.5% |
| Plant, machinery and equipment | 23 | €7,688 | €5,786 | -€1,902 | -24.7% |
| Furniture and vehicles | 24 | €1,590 | €611 | -€978 | -61.6% |
| Other tangible fixed assets | 26 | €44,688 | €44,244 | -€443 | -1.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €44,442 | €38,859 | -€5,584 | -12.6% |
| Stocks and contracts in progress | 3 | €9,102 | €6,143 | -€2,959 | -32.5% |
| Stocks | 30/36 | €9,102 | €6,143 | -€2,959 | -32.5% |
| Amounts receivable within one year | 40/41 | €18,593 | €20,477 | +€1,884 | +10.1% |
| Trade receivables | 40 | €11,933 | €12,967 | +€1,035 | +8.7% |
| Other amounts receivable | 41 | €6,660 | €7,510 | +€850 | +12.8% |
| Cash at bank and in hand | 54/58 | €1,392 | €0 | -€1,392 | -100% |
| Deferred charges and accrued income | 490/1 | €15,356 | €12,239 | -€3,117 | -20.3% |
| Total equity and liabilities | 10/49 | €472,353 | €450,561 | -€21,792 | -4.6% |
| Equity | 10/15 | €108,896 | €97,414 | -€11,482 | -10.5% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €161,003 | €161,003 | = | 0.0% |
| Distributable reserves | 133 | €161,003 | €161,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,407 | -€63,889 | -€11,482 | -21.9% |
| Amounts payable | 17/49 | €363,457 | €353,147 | -€10,310 | -2.8% |
| Amounts payable after more than one year | 17 | €311,456 | €286,716 | -€24,740 | -7.9% |
| Financial debts | 170/4 | €311,456 | €286,716 | -€24,740 | -7.9% |
| Amounts payable within one year | 42/48 | €52,001 | €66,431 | +€14,431 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €24,115 | €24,740 | +€626 | +2.6% |
| Financial debts | 43 | - | €7,628 | +€7,628 | |
| Credit institutions | 430/8 | - | €7,628 | +€7,628 | |
| Trade debts | 44 | €1,993 | €4,911 | +€2,918 | +146% |
| Suppliers | 440/4 | €1,993 | €4,911 | +€2,918 | +146% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,893 | €29,152 | +€3,259 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,316 | €22,007 | +€3,691 | +20.2% |
| Other operating charges | 640/8 | €2,563 | €3,687 | +€1,125 | +43.9% |
| Gross operating margin | 9900 | -€14,512 | €26,953 | +€41,465 | |
| Operating profit (loss) | 9901 | -€35,390 | €1,259 | +€36,650 | |
| Financial income | 75/76B | €304 | €3 | -€301 | -99.0% |
| Recurring financial income | 75 | €304 | €3 | -€301 | -99.0% |
| Financial charges | 65/66B | €16,785 | €12,242 | -€4,544 | -27.1% |
| Recurring financial charges | 65 | €16,785 | €12,242 | -€4,544 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,871 | -€10,979 | +€40,892 | +78.8% |
| Income taxes | 67/77 | €536 | €503 | -€34 | -6.3% |
| Profit (loss) for the period | 9904 | -€52,407 | -€11,482 | +€40,925 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,407 | -€11,482 | +€40,925 | +78.1% |
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 24 October 2026 via checked.be.