DEROGAZ: what changed
DEROGAZ
Largest movements
- Receivables within one year +€112,579
up €112,579 (+208%), from €54,243 to €166,822
of which Other amounts receivable: +€56,345
- Tangible fixed assets -€14,224
down €14,224 (-72.3%), from €19,670 to €5,446
- Cash -€2,147
down €2,147 (-99.9%), from €2,149 to €1
mainly Receivables within one year (-€112,579) and Net result for the year (-€35,502)
- Advances received +€75,000
new in 2025: €75,000
- Trade debts +€51,982
up €51,982 (+295%), from €17,645 to €69,627
- Reserves -€35,502
down €35,502 (-55.1%), from €64,400 to €28,898
- Tax, wage and social debts +€4,328
up €4,328 (+120%), from €3,617 to €7,944
- Gross operating margin -€60,596
down €60,596, from €37,908 to -€22,688
- Taxes -€7,513
no longer reported in 2025 (was €7,513)
- Depreciation -€1,178
down €1,178 (-35.1%), from €3,361 to €2,183
- Other operating charges -€650
down €650 (-35.6%), from €1,825 to €1,175
- Financial income +€600
up €600 (+39.0%), from €1,539 to €2,139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,162 | €183,970 | +€95,808 | +109% |
| Fixed assets | 21/28 | €19,670 | €5,446 | -€14,224 | -72.3% |
| Tangible fixed assets | 22/27 | €19,670 | €5,446 | -€14,224 | -72.3% |
| Furniture and vehicles | 24 | €19,670 | €5,446 | -€14,224 | -72.3% |
| Current assets | 29/58 | €68,492 | €178,523 | +€110,032 | +161% |
| Amounts receivable after more than one year | 29 | €12,100 | €11,700 | -€400 | -3.3% |
| Other amounts receivable | 291 | €12,100 | €11,700 | -€400 | -3.3% |
| Amounts receivable within one year | 40/41 | €54,243 | €166,822 | +€112,579 | +208% |
| Trade receivables | 40 | €5,750 | €61,983 | +€56,234 | +978% |
| Other amounts receivable | 41 | €48,493 | €104,839 | +€56,345 | +116% |
| Cash at bank and in hand | 54/58 | €2,149 | €1 | -€2,147 | -99.9% |
| Total equity and liabilities | 10/49 | €88,162 | €183,970 | +€95,808 | +109% |
| Equity | 10/15 | €66,900 | €31,398 | -€35,502 | -53.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €64,400 | €28,898 | -€35,502 | -55.1% |
| Distributable reserves | 133 | €64,400 | €28,898 | -€35,502 | -55.1% |
| Amounts payable | 17/49 | €21,262 | €152,572 | +€131,310 | +618% |
| Amounts payable within one year | 42/48 | €21,262 | €152,572 | +€131,310 | +618% |
| Trade debts | 44 | €17,645 | €69,627 | +€51,982 | +295% |
| Suppliers | 440/4 | €17,645 | €69,627 | +€51,982 | +295% |
| Advances received on contracts in progress | 46 | - | €75,000 | +€75,000 | |
| Taxes, remuneration and social security | 45 | €3,617 | €7,944 | +€4,328 | +120% |
| Taxes | 450/3 | €3,617 | €7,944 | +€4,328 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,361 | €2,183 | -€1,178 | -35.1% |
| Other operating charges | 640/8 | €1,825 | €1,175 | -€650 | -35.6% |
| Non-recurring operating charges | 66A | - | €11,173 | +€11,173 | |
| Gross operating margin | 9900 | €37,908 | -€22,688 | -€60,596 | |
| Operating profit (loss) | 9901 | €32,722 | -€37,219 | -€69,941 | |
| Financial income | 75/76B | €1,539 | €2,139 | +€600 | +39.0% |
| Recurring financial income | 75 | €1,539 | €2,139 | +€600 | +39.0% |
| Financial charges | 65/66B | €201 | €422 | +€221 | +110% |
| Recurring financial charges | 65 | €201 | €422 | +€221 | +110% |
| Profit (loss) for the period before taxes | 9903 | €34,060 | -€35,502 | -€69,562 | |
| Income taxes | 67/77 | €7,513 | - | -€7,513 | |
| Profit (loss) for the period | 9904 | €26,547 | -€35,502 | -€62,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,547 | -€35,502 | -€62,049 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.