DEROTEX: 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.
DEROTEX
Largest movements
- Current investments +€900,000
up €900,000 (+22.5%), from €4.0m to €4.9m
- Cash -€272,167
down €272,167 (-24.0%), from €1.1m to €860,772
mainly Contributions, distributions and other (-€3.0m) and Current investments (-€900,000)
- Tangible fixed assets +€138,082
up €138,082 (+15.5%), from €892,791 to €1.0m
of which Land and buildings: +€201,053
- Stocks and contracts -€114,475
down €114,475 (-19.0%), from €601,049 to €486,574
- Other debts +€364,592
up €364,592 (+6.1%), from €6.0m to €6.4m
- Trade debts +€202,170
up €202,170 (+112.8%), from €179,264 to €381,434
- Gross operating margin -€247,058
down €247,058 (-5.4%), from €4.5m to €4.3m
- Staff costs +€89,355
up €89,355 (+25.9%), from €344,782 to €434,137
- Depreciation +€46,720
up €46,720 (+35.7%), from €131,014 to €177,734
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 | €8,562,227 | €9,190,541 | +€628,314 | +7.3% |
| Fixed assets | 21/28 | €892,791 | €1,030,873 | +€138,082 | +15.5% |
| Tangible fixed assets | 22/27 | €892,791 | €1,030,873 | +€138,082 | +15.5% |
| Land and buildings | 22 | €455,683 | €656,736 | +€201,053 | +44.1% |
| Plant, machinery and equipment | 23 | €334,571 | €279,147 | -€55,424 | -16.6% |
| Furniture and vehicles | 24 | €102,537 | €94,990 | -€7,547 | -7.4% |
| Current assets | 29/58 | €7,669,436 | €8,159,668 | +€490,232 | +6.4% |
| Stocks and contracts in progress | 3 | €601,049 | €486,574 | -€114,475 | -19.0% |
| Stocks | 30/36 | €601,049 | €486,574 | -€114,475 | -19.0% |
| Amounts receivable within one year | 40/41 | €1,880,749 | €1,850,535 | -€30,215 | -1.6% |
| Trade receivables | 40 | €1,117,117 | €1,836,135 | +€719,018 | +64.4% |
| Other amounts receivable | 41 | €763,632 | €14,400 | -€749,232 | -98.1% |
| Current investments | 50/53 | €4,000,000 | €4,900,000 | +€900,000 | +22.5% |
| Cash at bank and in hand | 54/58 | €1,132,939 | €860,772 | -€272,167 | -24.0% |
| Deferred charges and accrued income | 490/1 | €54,699 | €61,787 | +€7,088 | +13.0% |
| Total equity and liabilities | 10/49 | €8,562,227 | €9,190,541 | +€628,314 | +7.3% |
| Equity | 10/15 | €2,237,174 | €2,326,207 | +€89,033 | +4.0% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €2,125,622 | €2,214,655 | +€89,033 | +4.2% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €2,114,467 | €2,203,500 | +€89,033 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,325,053 | €6,864,334 | +€539,281 | +8.5% |
| Amounts payable within one year | 42/48 | €6,322,695 | €6,864,334 | +€541,639 | +8.6% |
| Trade debts | 44 | €179,264 | €381,434 | +€202,170 | +112.8% |
| Suppliers | 440/4 | €179,264 | €381,434 | +€202,170 | +112.8% |
| Taxes, remuneration and social security | 45 | €124,704 | €99,582 | -€25,122 | -20.1% |
| Taxes | 450/3 | €98,353 | €69,461 | -€28,892 | -29.4% |
| Remuneration and social security | 454/9 | €26,352 | €30,121 | +€3,769 | +14.3% |
| Other amounts payable | 47/48 | €6,018,726 | €6,383,318 | +€364,592 | +6.1% |
| Accrued charges and deferred income | 492/3 | €2,358 | €0 | -€2,358 | -100.0% |
| Non-recurring operating income | 76A | €12,500 | €3,500 | -€9,000 | -72.0% |
| Remuneration, social security and pensions | 62 | €344,782 | €434,137 | +€89,355 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,014 | €177,734 | +€46,720 | +35.7% |
| Other operating charges | 640/8 | €7,714 | €8,740 | +€1,025 | +13.3% |
| Gross operating margin | 9900 | €4,546,365 | €4,299,307 | -€247,058 | -5.4% |
| Operating profit (loss) | 9901 | €4,062,854 | €3,678,695 | -€384,159 | -9.5% |
| Financial income | 75/76B | €119,909 | €138,772 | +€18,864 | +15.7% |
| Recurring financial income | 75 | €119,909 | €138,772 | +€18,864 | +15.7% |
| Financial charges | 65/66B | €25,313 | €36,820 | +€11,507 | +45.5% |
| Recurring financial charges | 65 | €25,313 | €36,820 | +€11,507 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €4,157,449 | €3,780,647 | -€376,802 | -9.1% |
| Income taxes | 67/77 | €735,362 | €691,615 | -€43,747 | -5.9% |
| Profit (loss) for the period | 9904 | €3,422,088 | €3,089,033 | -€333,055 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,422,088 | €3,089,033 | -€333,055 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.