DeRoProjects: 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.
DeRoProjects
Largest movements
- Tangible fixed assets +€72,327
up €72,327 (+476%), from €15,210 to €87,537
of which Leasing and similar rights: +€76,180
- Cash -€57,575
down €57,575 (-78.9%), from €72,975 to €15,401
mainly Contributions, distributions and other (-€113,300) and Investment in fixed assets (net) (-€89,938)
- Deferred charges and accrued income +€20,431
up €20,431 (+92.9%), from €22,000 to €42,431
- Reserves -€60,931
down €60,931 (-12.1%), from €504,341 to €443,409
- Debts after one year +€60,515
up €60,515 (+10.1%), from €600,000 to €660,515
- Other debts +€22,211
up €22,211 (+15.6%), from €142,168 to €164,379
- Trade debts -€17,635
down €17,635 (-46.4%), from €37,978 to €20,342
- Current portion of long-term debt +€16,299
up €16,299 (+39.0%), from €41,813 to €58,113
- Financial income +€20,246
up €20,246 (+91.2%), from €22,193 to €42,439
of which Financial income: +€20,238
- Depreciation +€13,057
up €13,057 (+287%), from €4,554 to €17,611
- Financial charges +€13,042
up €13,042 (+47.4%), from €27,539 to €40,581
- Other operating charges +€6,360
up €6,360 (+140%), from €4,527 to €10,887
- Taxes +€4,095
up €4,095 (+17.3%), from €23,660 to €27,755
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,376,879 | €1,401,759 | +€24,880 | +1.8% |
| Fixed assets | 21/28 | €15,210 | €87,537 | +€72,327 | +476% |
| Tangible fixed assets | 22/27 | €15,210 | €87,537 | +€72,327 | +476% |
| Furniture and vehicles | 24 | €1,079 | €152 | -€927 | -85.9% |
| Leasing and similar rights | 25 | - | €76,180 | +€76,180 | |
| Other tangible fixed assets | 26 | €14,131 | €11,205 | -€2,927 | -20.7% |
| Current assets | 29/58 | €1,361,670 | €1,314,223 | -€47,447 | -3.5% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €166,694 | €156,390 | -€10,304 | -6.2% |
| Trade receivables | 40 | €138,261 | €109,909 | -€28,352 | -20.5% |
| Other amounts receivable | 41 | €28,433 | €46,482 | +€18,048 | +63.5% |
| Cash at bank and in hand | 54/58 | €72,975 | €15,401 | -€57,575 | -78.9% |
| Deferred charges and accrued income | 490/1 | €22,000 | €42,431 | +€20,431 | +92.9% |
| Total equity and liabilities | 10/49 | €1,376,879 | €1,401,759 | +€24,880 | +1.8% |
| Equity | 10/15 | €516,741 | €455,809 | -€60,931 | -11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €504,341 | €443,409 | -€60,931 | -12.1% |
| Distributable reserves | 133 | €504,341 | €443,409 | -€60,931 | -12.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €860,139 | €945,950 | +€85,811 | +10.0% |
| Amounts payable after more than one year | 17 | €600,000 | €660,515 | +€60,515 | +10.1% |
| Financial debts | 170/4 | €600,000 | €660,515 | +€60,515 | +10.1% |
| Amounts payable within one year | 42/48 | €235,785 | €248,145 | +€12,360 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €41,813 | €58,113 | +€16,299 | +39.0% |
| Trade debts | 44 | €37,978 | €20,342 | -€17,635 | -46.4% |
| Suppliers | 440/4 | €37,978 | €20,342 | -€17,635 | -46.4% |
| Taxes, remuneration and social security | 45 | €13,825 | €5,310 | -€8,515 | -61.6% |
| Taxes | 450/3 | €13,825 | €5,310 | -€8,515 | -61.6% |
| Other amounts payable | 47/48 | €142,168 | €164,379 | +€22,211 | +15.6% |
| Accrued charges and deferred income | 492/3 | €24,354 | €37,290 | +€12,936 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,554 | €17,611 | +€13,057 | +287% |
| Other operating charges | 640/8 | €4,527 | €10,887 | +€6,360 | +140% |
| Gross operating margin | 9900 | €103,757 | €106,764 | +€3,007 | +2.9% |
| Operating profit (loss) | 9901 | €94,676 | €78,265 | -€16,411 | -17.3% |
| Financial income | 75/76B | €22,193 | €42,439 | +€20,246 | +91.2% |
| Recurring financial income | 75 | €22,193 | €42,431 | +€20,238 | +91.2% |
| Non-recurring financial income | 76B | - | €8 | +€8 | |
| Financial charges | 65/66B | €27,539 | €40,581 | +€13,042 | +47.4% |
| Recurring financial charges | 65 | €27,539 | €40,581 | +€13,042 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €89,331 | €80,124 | -€9,207 | -10.3% |
| Income taxes | 67/77 | €23,660 | €27,755 | +€4,095 | +17.3% |
| Profit (loss) for the period | 9904 | €65,671 | €52,369 | -€13,302 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,671 | €52,369 | -€13,302 | -20.3% |
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 16 October 2026 via checked.be.