DERO CONSTRUCT: 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
DERO CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€91,407
2024 · €141,063-€232,470
Equity
€5.0m
2024 · €5.1m-€91,407
Cash
€381,397
2024 · €291,873+€89,524
Balance sheet total
€17.0m
2024 · €15.9m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+26.0%), from €4.9m to €6.2m
of which Contracts in progress: +€1.2m
- Tangible fixed assets -€301,586
down €301,586 (-11.7%), from €2.6m to €2.3m
of which Plant, machinery and equipment: -€198,332
- Financial fixed assets -€190,919
down €190,919 (-10.6%), from €1.8m to €1.6m
of which Affiliated companies: -€190,919
Equity and liabilities
- Trade debts +€498,755
up €498,755 (+9.7%), from €5.1m to €5.6m
- Debts after one year +€420,476
up €420,476 (+11.2%), from €3.7m to €4.2m
- Advances received +€212,321
up €212,321 (+72.7%), from €292,166 to €504,488
Income statement
- Goods and materials -€5.3m
down €5.3m (-20.0%), from €26.5m to €21.2m
of which Purchases: -€5.2m
- Turnover -€5.3m
down €5.3m (-14.7%), from €35.8m to €30.6m
- Services and other goods +€558,443
up €558,443 (+16.9%), from €3.3m to €3.9m
- Staff costs +€398,181
up €398,181 (+6.9%), from €5.7m to €6.1m
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
€141,063
Turnover
-€5.3m
Other operating income
+€10,285
Goods and materials
+€5.3m
Services and other goods
-€558,443
Staff costs
-€398,181
Depreciation
+€3,493
Write-downs
-€57,435
Provisions
+€100,833
Other operating charges
+€55,805
Other operating items
+€608,073
Financial income
-€23,337
Financial charges
-€68,339
Taxes
+€63,302
Result 2025
-€91,407
raises the resultlowers the resultnot broken down further in the accounts
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
-€89,586
Investment
-€234,473
Financing
+€413,583
Cash 2024
€291,873
From operations (derived)
-€89,586
Net result for the year
-€91,407
Depreciation
+€726,978
Stocks and contracts
-€1.3m
Receivables within one year
-€128,520
Deferred charges and accrued income
-€99,886
Provisions
-€107,000
Trade debts
+€498,755
Tax, wage and social debts
+€126,444
Advances received
+€212,321
Other debts
-€3,278
Accrued charges and deferred income
+€49,087
Investment (derived)
-€234,473
Investment in fixed assets (net)
-€234,473
Financing
+€413,583
Debts after one year
+€420,476
Current portion of long-term debt
-€23,457
Short-term financial debts
+€16,564
Cash 2025
€381,397
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,853,312 | €16,951,816 | +€1.1m | +6.9% |
| Fixed assets | 21/28 | €4,374,614 | €3,882,109 | -€492,505 | -11.3% |
| Tangible fixed assets | 22/27 | €2,578,186 | €2,276,600 | -€301,586 | -11.7% |
| Land and buildings | 22 | €708,529 | €649,894 | -€58,635 | -8.3% |
| Plant, machinery and equipment | 23 | €497,982 | €299,650 | -€198,332 | -39.8% |
| Furniture and vehicles | 24 | €121,817 | €78,977 | -€42,840 | -35.2% |
| Leasing and similar rights | 25 | €1,249,858 | €1,248,078 | -€1,780 | -0.1% |
| Financial fixed assets | 28 | €1,796,428 | €1,605,509 | -€190,919 | -10.6% |
| Affiliated companies | 280/1 | €1,498,108 | €1,307,189 | -€190,919 | -12.7% |
| Amounts receivable | 281 | €1,498,108 | €1,307,189 | -€190,919 | -12.7% |
| Other financial fixed assets | 284/8 | €298,320 | €298,320 | = | 0.0% |
| Shares | 284 | €27,400 | €27,400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €270,920 | €270,920 | = | 0.0% |
| Current assets | 29/58 | €11,478,698 | €13,069,707 | +€1.6m | +13.9% |
| Stocks and contracts in progress | 3 | €4,904,783 | €6,177,861 | +€1.3m | +26.0% |
| Stocks | 30/36 | €1,366,144 | €1,394,704 | +€28,560 | +2.1% |
| Raw materials and consumables | 30/31 | €417,144 | €577,961 | +€160,817 | +38.6% |
| Property held for sale | 35 | €949,000 | €816,744 | -€132,256 | -13.9% |
| Contracts in progress | 37 | €3,538,639 | €4,783,157 | +€1.2m | +35.2% |
| Amounts receivable within one year | 40/41 | €6,280,458 | €6,408,978 | +€128,520 | +2.0% |
| Trade receivables | 40 | €5,085,666 | €5,119,886 | +€34,221 | +0.7% |
| Other amounts receivable | 41 | €1,194,792 | €1,289,092 | +€94,300 | +7.9% |
| Cash at bank and in hand | 54/58 | €291,873 | €381,397 | +€89,524 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,584 | €101,470 | +€99,886 | +6,306% |
| Total equity and liabilities | 10/49 | €15,853,312 | €16,951,816 | +€1.1m | +6.9% |
| Equity | 10/15 | €5,110,348 | €5,018,941 | -€91,407 | -1.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €4,665,000 | €4,575,000 | -€90,000 | -1.9% |
| Non-distributable reserves | 130/1 | €1,615,000 | €1,615,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Other | 1319 | €1,575,000 | €1,575,000 | = | 0.0% |
| Distributable reserves | 133 | €3,050,000 | €2,960,000 | -€90,000 | -3.0% |
| Profit (loss) carried forward | 14 | €45,348 | €43,941 | -€1,407 | -3.1% |
| Provisions and deferred taxes | 16 | €231,500 | €124,500 | -€107,000 | -46.2% |
| Provisions for liabilities and charges | 160/5 | €231,500 | €124,500 | -€107,000 | -46.2% |
| Other liabilities and charges | 164/5 | €231,500 | €124,500 | -€107,000 | -46.2% |
| Amounts payable | 17/49 | €10,511,464 | €11,808,375 | +€1.3m | +12.3% |
| Amounts payable after more than one year | 17 | €3,739,970 | €4,160,446 | +€420,476 | +11.2% |
| Financial debts | 170/4 | €3,739,970 | €4,160,446 | +€420,476 | +11.2% |
| Leasing and similar obligations | 172 | €944,799 | €910,686 | -€34,114 | -3.6% |
| Credit institutions | 173 | €2,795,171 | €3,249,760 | +€454,589 | +16.3% |
| Amounts payable within one year | 42/48 | €6,728,451 | €7,555,800 | +€827,349 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €592,840 | €569,383 | -€23,457 | -4.0% |
| Financial debts | 43 | €198,999 | €215,563 | +€16,564 | +8.3% |
| Credit institutions | 430/8 | €198,999 | €215,563 | +€16,564 | +8.3% |
| Trade debts | 44 | €5,118,850 | €5,617,605 | +€498,755 | +9.7% |
| Suppliers | 440/4 | €5,118,850 | €5,617,605 | +€498,755 | +9.7% |
| Advances received on contracts in progress | 46 | €292,166 | €504,488 | +€212,321 | +72.7% |
| Taxes, remuneration and social security | 45 | €520,507 | €646,951 | +€126,444 | +24.3% |
| Taxes | 450/3 | €99,827 | €110,535 | +€10,709 | +10.7% |
| Remuneration and social security | 454/9 | €420,680 | €536,415 | +€115,735 | +27.5% |
| Other amounts payable | 47/48 | €5,089 | €1,811 | -€3,278 | -64.4% |
| Accrued charges and deferred income | 492/3 | €43,043 | €92,129 | +€49,087 | +114% |
| Operating income | 70/76A | €36,622,952 | €31,974,455 | -€4.6m | -12.7% |
| Turnover | 70 | €35,823,006 | €30,564,793 | -€5.3m | -14.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €634,686 | €1,244,518 | +€609,832 | +96.1% |
| Other operating income | 74 | €90,833 | €101,118 | +€10,285 | +11.3% |
| Non-recurring operating income | 76A | €74,427 | €64,026 | -€10,401 | -14.0% |
| Operating charges | 60/66A | €36,304,429 | €31,860,028 | -€4.4m | -12.2% |
| Goods for resale, raw materials and consumables | 60 | €26,470,322 | €21,180,634 | -€5.3m | -20.0% |
| Purchases | 600/8 | €26,397,514 | €21,209,194 | -€5.2m | -19.7% |
| Change in stocks: decrease (increase) | 609 | €72,807 | -€28,560 | -€101,368 | |
| Services and other goods | 61 | €3,304,678 | €3,863,121 | +€558,443 | +16.9% |
| Remuneration, social security and pensions | 62 | €5,737,075 | €6,135,256 | +€398,181 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730,471 | €726,978 | -€3,493 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,435 | €1,000 | +€57,435 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,167 | -€107,000 | -€100,833 | -1,635% |
| Other operating charges | 640/8 | €115,313 | €59,508 | -€55,805 | -48.4% |
| Non-recurring operating charges | 66A | €9,173 | €531 | -€8,642 | -94.2% |
| Operating profit (loss) | 9901 | €318,523 | €114,428 | -€204,095 | -64.1% |
| Financial income | 75/76B | €85,718 | €62,380 | -€23,337 | -27.2% |
| Recurring financial income | 75 | €85,718 | €62,380 | -€23,337 | -27.2% |
| Income from financial fixed assets | 750 | €28,206 | €28,689 | +€483 | +1.7% |
| Income from current assets | 751 | €11,811 | €18,844 | +€7,033 | +59.5% |
| Other financial income | 752/9 | €45,700 | €14,847 | -€30,853 | -67.5% |
| Financial charges | 65/66B | €189,682 | €258,021 | +€68,339 | +36.0% |
| Recurring financial charges | 65 | €189,682 | €258,021 | +€68,339 | +36.0% |
| Debt charges | 650 | €158,560 | €187,019 | +€28,458 | +17.9% |
| Other financial charges | 652/9 | €31,122 | €71,003 | +€39,881 | +128% |
| Profit (loss) for the period before taxes | 9903 | €214,558 | -€81,214 | -€295,772 | |
| Income taxes | 67/77 | €73,495 | €10,193 | -€63,302 | -86.1% |
| Taxes | 670/3 | €73,495 | €10,193 | -€63,302 | -86.1% |
| Profit (loss) for the period | 9904 | €141,063 | -€91,407 | -€232,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,063 | -€91,407 | -€232,470 |
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.