DEROUX: 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.
DEROUX
Largest movements
- Cash +€9,143
up €9,143 (+5.8%), from €157,362 to €166,504
mainly Net result for the year (+€30,349) and Current portion of long-term debt (+€10,298)
- Reserves +€21,349
up €21,349 (+7.5%), from €284,771 to €306,120
of which Distributable reserves: +€21,349
- Debts after one year -€19,945
down €19,945 (-16.3%), from €122,500 to €102,555
- Accrued charges and deferred income -€10,800
down €10,800 (-75.0%), from €14,400 to €3,600
- Current portion of long-term debt +€10,298
up €10,298 (+1373.1%), from €750 to €11,048
- Depreciation -€36,587
down €36,587 (-93.2%), from €39,276 to €2,689
- Gross operating margin -€21,413
down €21,413 (-20.3%), from €105,552 to €84,139
- Taxes -€8,062
down €8,062 (-40.0%), from €20,149 to €12,087
- Financial charges +€1,777
up €1,777 (+22.3%), from €7,981 to €9,758
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 | €789,540 | €797,521 | +€7,980 | +1.0% |
| Fixed assets | 21/28 | €278,080 | €276,960 | -€1,120 | -0.4% |
| Tangible fixed assets | 22/27 | €260,780 | €259,660 | -€1,120 | -0.4% |
| Land and buildings | 22 | €257,400 | €257,400 | = | 0.0% |
| Furniture and vehicles | 24 | €3,380 | €2,260 | -€1,120 | -33.1% |
| Financial fixed assets | 28 | €17,300 | €17,300 | = | 0.0% |
| Current assets | 29/58 | €511,460 | €520,561 | +€9,100 | +1.8% |
| Amounts receivable within one year | 40/41 | €61,179 | €61,137 | -€42 | -0.1% |
| Trade receivables | 40 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 41 | €11,179 | €11,137 | -€42 | -0.4% |
| Current investments | 50/53 | €291,400 | €291,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €157,362 | €166,504 | +€9,143 | +5.8% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,519 | = | 0.0% |
| Total equity and liabilities | 10/49 | €789,540 | €797,521 | +€7,980 | +1.0% |
| Equity | 10/15 | €537,465 | €558,814 | +€21,349 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,771 | €306,120 | +€21,349 | +7.5% |
| Non-distributable reserves | 130/1 | €91,400 | €91,400 | = | 0.0% |
| Own shares acquired | 1312 | €91,400 | €91,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,981 | €70,981 | = | 0.0% |
| Distributable reserves | 133 | €122,390 | €143,739 | +€21,349 | +17.4% |
| Profit (loss) carried forward | 14 | €234,094 | €234,094 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,000 | €8,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,000 | €8,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable | 17/49 | €244,075 | €230,706 | -€13,369 | -5.5% |
| Amounts payable after more than one year | 17 | €122,500 | €102,555 | -€19,945 | -16.3% |
| Financial debts | 170/4 | €122,500 | €102,555 | -€19,945 | -16.3% |
| Amounts payable within one year | 42/48 | €107,175 | €124,551 | +€17,376 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €750 | €11,048 | +€10,298 | +1373.1% |
| Trade debts | 44 | €42,239 | €49,288 | +€7,049 | +16.7% |
| Suppliers | 440/4 | €42,239 | €49,288 | +€7,049 | +16.7% |
| Taxes, remuneration and social security | 45 | €2,041 | €4,360 | +€2,319 | +113.6% |
| Taxes | 450/3 | €2,041 | €4,360 | +€2,319 | +113.6% |
| Other amounts payable | 47/48 | €62,145 | €59,855 | -€2,290 | -3.7% |
| Accrued charges and deferred income | 492/3 | €14,400 | €3,600 | -€10,800 | -75.0% |
| Remuneration, social security and pensions | 62 | €34,113 | €34,625 | +€512 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,276 | €2,689 | -€36,587 | -93.2% |
| Other operating charges | 640/8 | €1,330 | €1,754 | +€424 | +31.9% |
| Gross operating margin | 9900 | €105,552 | €84,139 | -€21,413 | -20.3% |
| Operating profit (loss) | 9901 | €30,833 | €45,071 | +€14,238 | +46.2% |
| Financial income | 75/76B | €7,264 | €7,123 | -€141 | -1.9% |
| Recurring financial income | 75 | €7,264 | €7,123 | -€141 | -1.9% |
| Financial charges | 65/66B | €7,981 | €9,758 | +€1,777 | +22.3% |
| Recurring financial charges | 65 | €7,981 | €9,758 | +€1,777 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €30,115 | €42,436 | +€12,320 | +40.9% |
| Income taxes | 67/77 | €20,149 | €12,087 | -€8,062 | -40.0% |
| Profit (loss) for the period | 9904 | €9,966 | €30,349 | +€20,383 | +204.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,966 | €30,349 | +€20,383 | +204.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.