DEROGRO: 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.
DEROGRO
Largest movements
- Tangible fixed assets +€64,576
up €64,576 (+19.4%), from €333,270 to €397,846
of which Plant, machinery and equipment: +€86,001
- Cash +€18,416
up €18,416 (+211.8%), from €8,695 to €27,111
mainly Depreciation (+€88,618) and Trade debts (+€70,045)
- Receivables within one year +€13,908
up €13,908 (+31.0%), from €44,812 to €58,720
of which Trade receivables: +€17,067
- Stocks and contracts -€11,182
down €11,182 (-18.5%), from €60,528 to €49,346
of which Contracts in progress: -€21,456
- Trade debts +€70,045
up €70,045 (+237.8%), from €29,462 to €99,507
- Debts after one year +€31,577
up €31,577 (+25.5%), from €123,873 to €155,451
- Accrued charges and deferred income -€27,160
down €27,160 (-93.6%), from €29,018 to €1,858
- Reserves +€17,668
up €17,668 (+10.4%), from €169,980 to €187,648
- Current portion of long-term debt +€15,851
up €15,851 (+33.4%), from €47,402 to €63,252
- Turnover -€713,391
no longer reported in 2025 (was €713,391)
- Purchases and services -€641,611
no longer reported in 2025 (was €641,611)
- Gross operating margin -€22,982
down €22,982 (-15.2%), from €151,006 to €128,024
- Taxes -€9,953
down €9,953 (-76.3%), from €13,045 to €3,092
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 | €453,202 | €536,967 | +€83,765 | +18.5% |
| Fixed assets | 21/28 | €333,270 | €397,846 | +€64,576 | +19.4% |
| Tangible fixed assets | 22/27 | €333,270 | €397,846 | +€64,576 | +19.4% |
| Land and buildings | 22 | €9,228 | €7,991 | -€1,237 | -13.4% |
| Plant, machinery and equipment | 23 | €252,675 | €338,676 | +€86,001 | +34.0% |
| Furniture and vehicles | 24 | €71,367 | €51,178 | -€20,189 | -28.3% |
| Current assets | 29/58 | €119,932 | €139,121 | +€19,190 | +16.0% |
| Stocks and contracts in progress | 3 | €60,528 | €49,346 | -€11,182 | -18.5% |
| Stocks | 30/36 | €4,072 | €14,346 | +€10,275 | +252.3% |
| Contracts in progress | 37 | €56,456 | €35,000 | -€21,456 | -38.0% |
| Amounts receivable within one year | 40/41 | €44,812 | €58,720 | +€13,908 | +31.0% |
| Trade receivables | 40 | €17,845 | €34,912 | +€17,067 | +95.6% |
| Other amounts receivable | 41 | €26,967 | €23,808 | -€3,159 | -11.7% |
| Cash at bank and in hand | 54/58 | €8,695 | €27,111 | +€18,416 | +211.8% |
| Deferred charges and accrued income | 490/1 | €5,896 | €3,944 | -€1,952 | -33.1% |
| Total equity and liabilities | 10/49 | €453,202 | €536,967 | +€83,765 | +18.5% |
| Equity | 10/15 | €197,480 | €212,648 | +€15,168 | +7.7% |
| Contributions | 10/11 | €27,500 | €25,000 | -€2,500 | -9.1% |
| Reserves | 13 | €169,980 | €187,648 | +€17,668 | +10.4% |
| Distributable reserves | 133 | €169,980 | €187,648 | +€17,668 | +10.4% |
| Amounts payable | 17/49 | €255,722 | €324,319 | +€68,597 | +26.8% |
| Amounts payable after more than one year | 17 | €123,873 | €155,451 | +€31,577 | +25.5% |
| Financial debts | 170/4 | €123,873 | €155,451 | +€31,577 | +25.5% |
| Amounts payable within one year | 42/48 | €102,831 | €167,011 | +€64,180 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €47,402 | €63,252 | +€15,851 | +33.4% |
| Trade debts | 44 | €29,462 | €99,507 | +€70,045 | +237.8% |
| Suppliers | 440/4 | €29,462 | €99,507 | +€70,045 | +237.8% |
| Taxes, remuneration and social security | 45 | €11,380 | - | -€11,380 | |
| Taxes | 450/3 | €9,630 | - | -€9,630 | |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €14,588 | €4,252 | -€10,337 | -70.9% |
| Accrued charges and deferred income | 492/3 | €29,018 | €1,858 | -€27,160 | -93.6% |
| Turnover | 70 | €713,391 | - | -€713,391 | |
| Goods, raw materials, services and sundry goods | 60/61 | €641,611 | - | -€641,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,379 | €88,618 | -€3,761 | -4.1% |
| Other operating charges | 640/8 | €1,072 | €295 | -€776 | -72.5% |
| Gross operating margin | 9900 | €151,006 | €128,024 | -€22,982 | -15.2% |
| Operating profit (loss) | 9901 | €57,556 | €39,111 | -€18,444 | -32.0% |
| Financial income | 75/76B | €126 | €0 | -€126 | -100.0% |
| Recurring financial income | 75 | €126 | €0 | -€126 | -100.0% |
| Financial charges | 65/66B | €5,312 | €7,851 | +€2,539 | +47.8% |
| Recurring financial charges | 65 | €5,312 | €7,851 | +€2,539 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €52,369 | €31,260 | -€21,109 | -40.3% |
| Income taxes | 67/77 | €13,045 | €3,092 | -€9,953 | -76.3% |
| Profit (loss) for the period | 9904 | €39,325 | €28,168 | -€11,156 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,325 | €28,168 | -€11,156 | -28.4% |
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 9 October 2026 via checked.be.