DEROTIL: 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.
DEROTIL
Largest movements
- Financial fixed assets +€1.8m
up €1.8m (+58.4%), from €3.1m to €4.9m
- Receivables within one year -€353,782
down €353,782 (-23.8%), from €1.5m to €1.1m
of which Other amounts receivable: -€390,503
- Current investments -€300,000
down €300,000 (-14.2%), from €2.1m to €1.8m
- Cash -€150,436
down €150,436 (-51.0%), from €295,028 to €144,591
mainly Investment in fixed assets (net) (-€1.8m) and Tax, wage and social debts (-€30,893)
- Debts after one year +€757,495
new in 2025: €757,495
- Current portion of long-term debt +€133,882
new in 2025: €133,882
- Reserves +€107,500
up €107,500 (+1.9%), from €5.7m to €5.8m
of which Distributable reserves: +€107,500
- Financial income -€1.9m
down €1.9m (-87.7%), from €2.2m to €268,802
of which Non-recurring financial income: -€2.0m
- Gross operating margin -€508,831
down €508,831 (-79.6%), from €639,233 to €130,402
- Taxes -€294,272
down €294,272 (-96.3%), from €305,562 to €11,289
- Staff costs -€50,834
down €50,834 (-22.9%), from €221,593 to €170,759
- Financial charges +€23,883
up €23,883 (+24.9%), from €95,891 to €119,773
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 | €6,996,202 | €8,006,811 | +€1.0m | +14.4% |
| Fixed assets | 21/28 | €3,087,615 | €4,890,604 | +€1.8m | +58.4% |
| Tangible fixed assets | 22/27 | €15,336 | €23,877 | +€8,541 | +55.7% |
| Furniture and vehicles | 24 | €14,536 | €23,077 | +€8,541 | +58.8% |
| Other tangible fixed assets | 26 | €800 | €800 | = | 0.0% |
| Financial fixed assets | 28 | €3,072,279 | €4,866,726 | +€1.8m | +58.4% |
| Current assets | 29/58 | €3,908,587 | €3,116,207 | -€792,380 | -20.3% |
| Amounts receivable within one year | 40/41 | €1,483,396 | €1,129,614 | -€353,782 | -23.8% |
| Trade receivables | 40 | €57,770 | €94,490 | +€36,720 | +63.6% |
| Other amounts receivable | 41 | €1,425,627 | €1,035,124 | -€390,503 | -27.4% |
| Current investments | 50/53 | €2,116,704 | €1,816,704 | -€300,000 | -14.2% |
| Cash at bank and in hand | 54/58 | €295,028 | €144,591 | -€150,436 | -51.0% |
| Deferred charges and accrued income | 490/1 | €13,460 | €25,298 | +€11,839 | +88.0% |
| Total equity and liabilities | 10/49 | €6,996,202 | €8,006,811 | +€1.0m | +14.4% |
| Equity | 10/15 | €5,782,349 | €5,889,858 | +€107,509 | +1.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €5,718,947 | €5,826,447 | +€107,500 | +1.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €5,712,750 | €5,820,250 | +€107,500 | +1.9% |
| Profit (loss) carried forward | 14 | €1,428 | €1,437 | +€9 | +0.7% |
| Provisions and deferred taxes | 16 | €1,005,900 | €986,052 | -€19,848 | -2.0% |
| Provisions for liabilities and charges | 160/5 | €1,005,900 | €986,052 | -€19,848 | -2.0% |
| Other liabilities and charges | 164/5 | €1,005,900 | €986,052 | -€19,848 | -2.0% |
| Amounts payable | 17/49 | €207,953 | €1,130,901 | +€922,948 | +443.8% |
| Amounts payable after more than one year | 17 | - | €757,495 | +€757,495 | |
| Financial debts | 170/4 | - | €757,495 | +€757,495 | |
| Amounts payable within one year | 42/48 | €207,953 | €373,406 | +€165,453 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | - | €133,882 | +€133,882 | |
| Trade debts | 44 | €12,660 | €12,034 | -€626 | -4.9% |
| Suppliers | 440/4 | €12,660 | €12,034 | -€626 | -4.9% |
| Taxes, remuneration and social security | 45 | €195,294 | €164,401 | -€30,893 | -15.8% |
| Taxes | 450/3 | €164,072 | €164,401 | +€329 | +0.2% |
| Remuneration and social security | 454/9 | €31,222 | €0 | -€31,222 | -100.0% |
| Other amounts payable | 47/48 | €0 | €63,090 | +€63,090 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €221,593 | €170,759 | -€50,834 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,030 | €7,253 | +€5,223 | +257.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,938 | -€19,848 | -€1,911 | -10.7% |
| Other operating charges | 640/8 | €3,086 | €2,468 | -€618 | -20.0% |
| Gross operating margin | 9900 | €639,233 | €130,402 | -€508,831 | -79.6% |
| Operating profit (loss) | 9901 | €430,462 | -€30,230 | -€460,692 | |
| Financial income | 75/76B | €2,182,443 | €268,802 | -€1.9m | -87.7% |
| Recurring financial income | 75 | €216,988 | €268,802 | +€51,814 | +23.9% |
| Non-recurring financial income | 76B | €1,965,455 | €0 | -€2.0m | -100.0% |
| Financial charges | 65/66B | €95,891 | €119,773 | +€23,883 | +24.9% |
| Recurring financial charges | 65 | €95,891 | €119,773 | +€23,883 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €2,517,014 | €118,799 | -€2.4m | -95.3% |
| Income taxes | 67/77 | €305,562 | €11,289 | -€294,272 | -96.3% |
| Profit (loss) for the period | 9904 | €2,211,453 | €107,509 | -€2.1m | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,211,453 | €107,509 | -€2.1m | -95.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.