DERO GROUP: 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 GROUP
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€195,977
2024 · €170,830+€25,147
Equity
€3.0m
2024 · €2.9m+€75,977
Cash
€15,914
2024 · €3,398+€12,515
Balance sheet total
€4.6m
2024 · €4.7m-€96,991
Largest movements
Assets
- Financial fixed assets -€70,000
down €70,000 (-1.5%), from €4.6m to €4.5m
Equity and liabilities
- Debts after one year -€194,177
down €194,177 (-12.2%), from €1.6m to €1.4m
- Reserves +€70,000
up €70,000 (+11.7%), from €599,133 to €669,133
of which Distributable reserves: +€70,000
Income statement
- Gross operating margin +€31,959
up €31,959 (+12.6%), from €254,045 to €286,004
- Taxes +€9,591
up €9,591 (+16.8%), from €56,943 to €66,534
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
€170,830
Gross operating margin
+€31,959
Other operating charges
-€12
Financial income
+€283
Financial charges
+€2,509
Taxes
-€9,591
Result 2025
€195,977
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
+€264,531
Investment
+€70,000
Financing
-€322,016
Cash 2024
€3,398
From operations (derived)
+€264,531
Net result for the year
+€195,977
Receivables within one year
+€39,807
Smaller working-capital items
-€147
Tax, wage and social debts
+€18,124
Accrued charges and deferred income
+€10,771
Investment (derived)
+€70,000
Investment in fixed assets (net)
+€70,000
Financing
-€322,016
Debts after one year
-€194,177
Current portion of long-term debt
+€1,673
Short-term financial debts
-€9,511
Contributions, distributions and other
-€120,000
Cash 2025
€15,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,717,659 | €4,620,668 | -€96,991 | -2.1% |
| Fixed assets | 21/28 | €4,586,604 | €4,516,604 | -€70,000 | -1.5% |
| Financial fixed assets | 28 | €4,586,604 | €4,516,604 | -€70,000 | -1.5% |
| Current assets | 29/58 | €131,056 | €104,064 | -€26,991 | -20.6% |
| Amounts receivable within one year | 40/41 | €126,158 | €86,351 | -€39,807 | -31.6% |
| Trade receivables | 40 | €6,563 | €9,716 | +€3,152 | +48.0% |
| Other amounts receivable | 41 | €119,594 | €76,635 | -€42,959 | -35.9% |
| Cash at bank and in hand | 54/58 | €3,398 | €15,914 | +€12,515 | +368% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,800 | +€300 | +20.0% |
| Total equity and liabilities | 10/49 | €4,717,659 | €4,620,668 | -€96,991 | -2.1% |
| Equity | 10/15 | €2,910,121 | €2,986,098 | +€75,977 | +2.6% |
| Contributions | 10/11 | €2,291,331 | €2,291,331 | = | 0.0% |
| Capital | 10 | €2,291,331 | €2,291,331 | = | 0.0% |
| Issued capital | 100 | €2,291,331 | €2,291,331 | = | 0.0% |
| Reserves | 13 | €599,133 | €669,133 | +€70,000 | +11.7% |
| Non-distributable reserves | 130/1 | €229,133 | €229,133 | = | 0.0% |
| Legal reserve | 130 | €229,133 | €229,133 | = | 0.0% |
| Distributable reserves | 133 | €370,000 | €440,000 | +€70,000 | +18.9% |
| Profit (loss) carried forward | 14 | €19,657 | €25,634 | +€5,977 | +30.4% |
| Amounts payable | 17/49 | €1,807,538 | €1,634,570 | -€172,968 | -9.6% |
| Amounts payable after more than one year | 17 | €1,597,770 | €1,403,592 | -€194,177 | -12.2% |
| Financial debts | 170/4 | €1,597,770 | €1,403,592 | -€194,177 | -12.2% |
| Amounts payable within one year | 42/48 | €209,745 | €220,183 | +€10,438 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €36,396 | €38,069 | +€1,673 | +4.6% |
| Financial debts | 43 | €38,863 | €29,351 | -€9,511 | -24.5% |
| Credit institutions | 430/8 | €38,863 | €29,351 | -€9,511 | -24.5% |
| Trade debts | 44 | €875 | €1,028 | +€153 | +17.5% |
| Suppliers | 440/4 | €875 | €1,028 | +€153 | +17.5% |
| Taxes, remuneration and social security | 45 | €13,612 | €31,735 | +€18,124 | +133% |
| Taxes | 450/3 | €13,612 | €31,735 | +€18,124 | +133% |
| Other amounts payable | 47/48 | €120,000 | €120,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €23 | €10,794 | +€10,771 | +46,506% |
| Other operating charges | 640/8 | €1,159 | €1,171 | +€12 | +1.0% |
| Gross operating margin | 9900 | €254,045 | €286,004 | +€31,959 | +12.6% |
| Operating profit (loss) | 9901 | €252,886 | €284,833 | +€31,947 | +12.6% |
| Financial income | 75/76B | €5,290 | €5,573 | +€283 | +5.3% |
| Recurring financial income | 75 | €5,290 | €5,573 | +€283 | +5.3% |
| Financial charges | 65/66B | €30,403 | €27,894 | -€2,509 | -8.3% |
| Recurring financial charges | 65 | €30,403 | €27,894 | -€2,509 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €227,773 | €262,511 | +€34,738 | +15.3% |
| Income taxes | 67/77 | €56,943 | €66,534 | +€9,591 | +16.8% |
| Profit (loss) for the period | 9904 | €170,830 | €195,977 | +€25,147 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €170,830 | €195,977 | +€25,147 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.