DERNEL: 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.
DERNEL
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Cash -€62,062
down €62,062 (-80.7%), from €76,866 to €14,804
mainly Current investments (-€70,000) and Receivables within one year (-€28,179)
- Receivables within one year +€28,179
up €28,179 (+1312.1%), from €2,148 to €30,326
- Reserves +€29,816
up €29,816 (+19.5%), from €152,701 to €182,516
of which Distributable reserves: +€29,816
- Tax, wage and social debts +€4,002
up €4,002, from €0 to €4,002
- Gross operating margin +€17,778
up €17,778 (+44.6%), from €39,816 to €57,594
- Taxes +€5,815
up €5,815 (+71.0%), from €8,187 to €14,002
- Financial income +€669
up €669, from €0 to €669
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 | €253,819 | €287,253 | +€33,435 | +13.2% |
| Fixed assets | 21/28 | €174,373 | €171,673 | -€2,700 | -1.5% |
| Tangible fixed assets | 22/27 | €174,373 | €171,673 | -€2,700 | -1.5% |
| Land and buildings | 22 | €174,373 | €171,673 | -€2,700 | -1.5% |
| Current assets | 29/58 | €79,446 | €115,581 | +€36,135 | +45.5% |
| Amounts receivable within one year | 40/41 | €2,148 | €30,326 | +€28,179 | +1312.1% |
| Other amounts receivable | 41 | €2,148 | €30,326 | +€28,179 | +1312.1% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €76,866 | €14,804 | -€62,062 | -80.7% |
| Deferred charges and accrued income | 490/1 | €432 | €450 | +€18 | +4.2% |
| Total equity and liabilities | 10/49 | €253,819 | €287,253 | +€33,435 | +13.2% |
| Equity | 10/15 | €214,674 | €244,490 | +€29,816 | +13.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €152,701 | €182,516 | +€29,816 | +19.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €146,503 | €176,319 | +€29,816 | +20.4% |
| Amounts payable | 17/49 | €39,145 | €42,763 | +€3,619 | +9.2% |
| Amounts payable within one year | 42/48 | €39,145 | €42,763 | +€3,619 | +9.2% |
| Trade debts | 44 | €383 | €0 | -€383 | -100.0% |
| Suppliers | 440/4 | €383 | €0 | -€383 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €4,002 | +€4,002 | |
| Taxes | 450/3 | €0 | €4,002 | +€4,002 | |
| Other amounts payable | 47/48 | €38,762 | €38,762 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,700 | €2,700 | = | 0.0% |
| Other operating charges | 640/8 | €11,360 | €11,716 | +€356 | +3.1% |
| Gross operating margin | 9900 | €39,816 | €57,594 | +€17,778 | +44.6% |
| Operating profit (loss) | 9901 | €25,756 | €43,178 | +€17,422 | +67.6% |
| Financial income | 75/76B | €0 | €669 | +€669 | |
| Recurring financial income | 75 | €0 | €669 | +€669 | |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €25,732 | €43,818 | +€18,086 | +70.3% |
| Income taxes | 67/77 | €8,187 | €14,002 | +€5,815 | +71.0% |
| Profit (loss) for the period | 9904 | €17,544 | €29,816 | +€12,272 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,544 | €29,816 | +€12,272 | +69.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.