DEROLUCQ: what changed
DEROLUCQ
Largest movements
- Receivables within one year -€187,996
down €187,996 (-28.7%), from €655,216 to €467,220
of which Trade receivables: -€187,327
- Cash +€46,360
up €46,360 (+235%), from €19,728 to €66,088
mainly Receivables within one year (+€187,996) and Net result for the year (+€46,710)
- Stocks and contracts +€40,000
up €40,000 (+16.0%), from €250,000 to €290,000
of which Stocks: +€25,000
- Tangible fixed assets -€21,414
down €21,414 (-15.8%), from €135,200 to €113,786
of which Other tangible fixed assets: -€20,974
- Advances received -€80,000
no longer reported in 2025 (was €80,000)
- Tax, wage and social debts +€42,474
up €42,474 (+121%), from €35,057 to €77,531
of which Remuneration and social security: +€40,762
- Short-term financial debts -€42,148
down €42,148 (-34.5%), from €122,148 to €80,000
of which Credit institutions: -€42,148
- Current portion of long-term debt -€30,202
no longer reported in 2025 (was €30,202)
- Reserves +€16,710
up €16,710 (+3.6%), from €466,582 to €483,292
- Staff costs -€44,990
down €44,990 (-7.9%), from €572,795 to €527,805
- Gross operating margin -€23,992
down €23,992 (-3.5%), from €677,092 to €653,101
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 | €1,083,124 | €960,601 | -€122,523 | -11.3% |
| Fixed assets | 21/28 | €151,514 | €130,100 | -€21,414 | -14.1% |
| Tangible fixed assets | 22/27 | €135,200 | €113,786 | -€21,414 | -15.8% |
| Land and buildings | 22 | €1,560 | €865 | -€695 | -44.5% |
| Plant, machinery and equipment | 23 | €1,092 | €11,531 | +€10,440 | +956% |
| Furniture and vehicles | 24 | €37,476 | €27,291 | -€10,185 | -27.2% |
| Other tangible fixed assets | 26 | €95,072 | €74,099 | -€20,974 | -22.1% |
| Financial fixed assets | 28 | €16,314 | €16,314 | = | 0.0% |
| Current assets | 29/58 | €931,610 | €830,501 | -€101,109 | -10.9% |
| Stocks and contracts in progress | 3 | €250,000 | €290,000 | +€40,000 | +16.0% |
| Stocks | 30/36 | €250,000 | €275,000 | +€25,000 | +10.0% |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €655,216 | €467,220 | -€187,996 | -28.7% |
| Trade receivables | 40 | €568,980 | €381,653 | -€187,327 | -32.9% |
| Other amounts receivable | 41 | €86,236 | €85,567 | -€668 | -0.8% |
| Cash at bank and in hand | 54/58 | €19,728 | €66,088 | +€46,360 | +235% |
| Deferred charges and accrued income | 490/1 | €6,666 | €7,193 | +€527 | +7.9% |
| Total equity and liabilities | 10/49 | €1,083,124 | €960,601 | -€122,523 | -11.3% |
| Equity | 10/15 | €486,582 | €503,292 | +€16,710 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €466,582 | €483,292 | +€16,710 | +3.6% |
| Distributable reserves | 133 | €466,582 | €483,292 | +€16,710 | +3.6% |
| Amounts payable | 17/49 | €596,542 | €457,309 | -€139,233 | -23.3% |
| Amounts payable within one year | 42/48 | €589,573 | €456,340 | -€133,233 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €30,202 | - | -€30,202 | |
| Financial debts | 43 | €122,148 | €80,000 | -€42,148 | -34.5% |
| Credit institutions | 430/8 | €42,148 | - | -€42,148 | |
| Other loans | 439 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €278,622 | €265,264 | -€13,358 | -4.8% |
| Suppliers | 440/4 | €278,622 | €265,264 | -€13,358 | -4.8% |
| Advances received on contracts in progress | 46 | €80,000 | - | -€80,000 | |
| Taxes, remuneration and social security | 45 | €35,057 | €77,531 | +€42,474 | +121% |
| Taxes | 450/3 | €35,057 | €36,769 | +€1,712 | +4.9% |
| Remuneration and social security | 454/9 | - | €40,762 | +€40,762 | |
| Other amounts payable | 47/48 | €43,545 | €33,545 | -€10,000 | -23.0% |
| Accrued charges and deferred income | 492/3 | €6,969 | €969 | -€6,000 | -86.1% |
| Remuneration, social security and pensions | 62 | €572,795 | €527,805 | -€44,990 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,806 | €39,162 | -€1,644 | -4.0% |
| Other operating charges | 640/8 | €6,872 | €6,670 | -€202 | -2.9% |
| Gross operating margin | 9900 | €677,092 | €653,101 | -€23,992 | -3.5% |
| Operating profit (loss) | 9901 | €56,620 | €79,464 | +€22,844 | +40.3% |
| Financial income | 75/76B | €118 | €202 | +€84 | +71.0% |
| Recurring financial income | 75 | €118 | €202 | +€84 | +71.0% |
| Financial charges | 65/66B | €11,565 | €13,167 | +€1,602 | +13.8% |
| Recurring financial charges | 65 | €11,565 | €13,167 | +€1,602 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €45,173 | €66,499 | +€21,326 | +47.2% |
| Income taxes | 67/77 | €16,505 | €19,789 | +€3,284 | +19.9% |
| Profit (loss) for the period | 9904 | €28,668 | €46,710 | +€18,042 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,668 | €46,710 | +€18,042 | +62.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.