DERMINVEST: 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.
DERMINVEST
Largest movements
- Cash +€52,766
up €52,766 (+3,334%), from €1,583 to €54,349
mainly Net result for the year (+€57,175) and Depreciation (+€36,814)
- Tangible fixed assets -€31,387
down €31,387 (-5.4%), from €577,076 to €545,689
- Receivables within one year -€17,493
down €17,493 (-39.0%), from €44,808 to €27,315
of which Other amounts receivable: -€14,658
- Reserves +€57,175
up €57,175 (+19.2%), from €297,366 to €354,541
- Current portion of long-term debt -€50,120
no longer reported in 2025 (was €50,120)
- Gross operating margin -€19,931
down €19,931 (-10.4%), from €192,323 to €172,392
- Depreciation -€8,881
down €8,881 (-19.4%), from €45,695 to €36,814
- Taxes -€2,857
down €2,857 (-11.3%), from €25,265 to €22,407
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 | €626,359 | €630,436 | +€4,077 | +0.7% |
| Fixed assets | 21/28 | €577,076 | €545,689 | -€31,387 | -5.4% |
| Tangible fixed assets | 22/27 | €577,076 | €545,689 | -€31,387 | -5.4% |
| Land and buildings | 22 | €577,076 | €545,689 | -€31,387 | -5.4% |
| Current assets | 29/58 | €49,283 | €84,747 | +€35,464 | +72.0% |
| Amounts receivable within one year | 40/41 | €44,808 | €27,315 | -€17,493 | -39.0% |
| Trade receivables | 40 | €16,335 | €13,500 | -€2,835 | -17.4% |
| Other amounts receivable | 41 | €28,473 | €13,815 | -€14,658 | -51.5% |
| Cash at bank and in hand | 54/58 | €1,583 | €54,349 | +€52,766 | +3,334% |
| Deferred charges and accrued income | 490/1 | €2,893 | €3,083 | +€191 | +6.6% |
| Total equity and liabilities | 10/49 | €626,359 | €630,436 | +€4,077 | +0.7% |
| Equity | 10/15 | €508,964 | €566,139 | +€57,175 | +11.2% |
| Contributions | 10/11 | €211,598 | €211,598 | = | 0.0% |
| Reserves | 13 | €297,366 | €354,541 | +€57,175 | +19.2% |
| Distributable reserves | 133 | €297,366 | €354,541 | +€57,175 | +19.2% |
| Amounts payable | 17/49 | €117,395 | €64,297 | -€53,099 | -45.2% |
| Amounts payable within one year | 42/48 | €117,395 | €64,297 | -€53,099 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €50,120 | - | -€50,120 | |
| Trade debts | 44 | €3,204 | €5,379 | +€2,176 | +67.9% |
| Suppliers | 440/4 | €3,204 | €5,379 | +€2,176 | +67.9% |
| Taxes, remuneration and social security | 45 | €27,902 | €25,239 | -€2,663 | -9.5% |
| Taxes | 450/3 | €19,359 | €15,462 | -€3,897 | -20.1% |
| Remuneration and social security | 454/9 | €8,543 | €9,777 | +€1,234 | +14.4% |
| Other amounts payable | 47/48 | €36,170 | €33,679 | -€2,492 | -6.9% |
| Remuneration, social security and pensions | 62 | €47,472 | €47,513 | +€41 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,695 | €36,814 | -€8,881 | -19.4% |
| Other operating charges | 640/8 | €8,380 | €8,514 | +€134 | +1.6% |
| Gross operating margin | 9900 | €192,323 | €172,392 | -€19,931 | -10.4% |
| Operating profit (loss) | 9901 | €90,776 | €79,551 | -€11,225 | -12.4% |
| Financial income | 75/76B | €234 | €400 | +€167 | +71.4% |
| Recurring financial income | 75 | €234 | €400 | +€167 | +71.4% |
| Financial charges | 65/66B | €943 | €369 | -€574 | -60.9% |
| Recurring financial charges | 65 | €943 | €369 | -€574 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €90,066 | €79,583 | -€10,484 | -11.6% |
| Income taxes | 67/77 | €25,265 | €22,407 | -€2,857 | -11.3% |
| Profit (loss) for the period | 9904 | €64,802 | €57,175 | -€7,626 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,802 | €57,175 | -€7,626 | -11.8% |
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 15 October 2026 via checked.be.