DEROELEC: 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.
DEROELEC
Largest movements
- Cash +€6,516
up €6,516 (+77.4%), from €8,418 to €14,934
mainly Other debts (+€8,324) and Net result for the year (+€6,518)
- Tangible fixed assets -€3,579
down €3,579 (-33.6%), from €10,657 to €7,078
of which Furniture and vehicles: -€3,513
- Receivables within one year +€2,394
up €2,394 (+49.1%), from €4,880 to €7,274
of which Trade receivables: +€3,406
- Other debts +€8,324
up €8,324 (+147.4%), from €5,646 to €13,970
- Debts after one year -€3,362
down €3,362 (-53.2%), from €6,315 to €2,954
- Trade debts +€1,060
up €1,060 (+532.2%), from €199 to €1,260
- Profit (loss) carried forward -€843
no longer reported in 2025 (was €843)
- Gross operating margin +€10,944
up €10,944 (+395.0%), from €2,770 to €13,714
- Depreciation +€2,808
up €2,808 (+255.1%), from €1,101 to €3,909
- Taxes +€2,070
up €2,070 (+1169.4%), from €177 to €2,247
- Financial charges +€297
up €297 (+91.9%), from €324 to €621
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 | €30,187 | €35,558 | +€5,371 | +17.8% |
| Fixed assets | 21/28 | €10,657 | €7,078 | -€3,579 | -33.6% |
| Tangible fixed assets | 22/27 | €10,657 | €7,078 | -€3,579 | -33.6% |
| Plant, machinery and equipment | 23 | €166 | €100 | -€66 | -39.7% |
| Furniture and vehicles | 24 | €10,491 | €6,978 | -€3,513 | -33.5% |
| Current assets | 29/58 | €19,530 | €28,480 | +€8,950 | +45.8% |
| Stocks and contracts in progress | 3 | €5,823 | €5,847 | +€24 | +0.4% |
| Stocks | 30/36 | €5,823 | €5,847 | +€24 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,880 | €7,274 | +€2,394 | +49.1% |
| Trade receivables | 40 | €164 | €3,570 | +€3,406 | +2074.6% |
| Other amounts receivable | 41 | €4,715 | €3,704 | -€1,012 | -21.5% |
| Cash at bank and in hand | 54/58 | €8,418 | €14,934 | +€6,516 | +77.4% |
| Deferred charges and accrued income | 490/1 | €409 | €425 | +€16 | +3.9% |
| Total equity and liabilities | 10/49 | €30,187 | €35,558 | +€5,371 | +17.8% |
| Equity | 10/15 | €14,840 | €13,997 | -€843 | -5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,997 | €10,997 | = | 0.0% |
| Distributable reserves | 133 | €10,997 | €10,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | €843 | - | -€843 | |
| Amounts payable | 17/49 | €15,347 | €21,561 | +€6,214 | +40.5% |
| Amounts payable after more than one year | 17 | €6,315 | €2,954 | -€3,362 | -53.2% |
| Financial debts | 170/4 | €6,315 | €2,954 | -€3,362 | -53.2% |
| Amounts payable within one year | 42/48 | €9,019 | €18,592 | +€9,573 | +106.1% |
| Current portion of amounts payable after more than one year | 42 | €3,173 | €3,362 | +€188 | +5.9% |
| Trade debts | 44 | €199 | €1,260 | +€1,060 | +532.2% |
| Suppliers | 440/4 | €199 | €1,260 | +€1,060 | +532.2% |
| Other amounts payable | 47/48 | €5,646 | €13,970 | +€8,324 | +147.4% |
| Accrued charges and deferred income | 492/3 | €13 | €15 | +€2 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,101 | €3,909 | +€2,808 | +255.1% |
| Other operating charges | 640/8 | €512 | €604 | +€92 | +18.0% |
| Gross operating margin | 9900 | €2,770 | €13,714 | +€10,944 | +395.0% |
| Operating profit (loss) | 9901 | €1,158 | €9,201 | +€8,043 | +694.8% |
| Financial income | 75/76B | €186 | €185 | -€1 | -0.6% |
| Recurring financial income | 75 | €186 | €185 | -€1 | -0.6% |
| Financial charges | 65/66B | €324 | €621 | +€297 | +91.9% |
| Recurring financial charges | 65 | €324 | €621 | +€297 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €1,020 | €8,765 | +€7,745 | +759.3% |
| Income taxes | 67/77 | €177 | €2,247 | +€2,070 | +1169.4% |
| Profit (loss) for the period | 9904 | €843 | €6,518 | +€5,675 | +673.2% |
| Profit (loss) for the period to be appropriated | 9905 | €843 | €6,518 | +€5,675 | +673.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.