DERRIKS LAW: 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.
DERRIKS LAW
Largest movements
- Receivables within one year +€105,231
up €105,231 (+38.5%), from €273,181 to €378,412
of which Trade receivables: +€237,559
- Current investments -€104,065
down €104,065 (-27.3%), from €381,758 to €277,693
- Tangible fixed assets -€21,847
down €21,847 (-16.8%), from €130,190 to €108,343
of which Land and buildings: -€17,157
- Other debts -€54,971
down €54,971 (-15.3%), from €359,104 to €304,133
- Tax, wage and social debts +€42,901
up €42,901 (+39.9%), from €107,638 to €150,539
of which Taxes: +€52,638
- Trade debts -€12,431
down €12,431 (-13.3%), from €93,515 to €81,084
- Financial income -€157,765
down €157,765 (-99.4%), from €158,718 to €952
- Gross operating margin +€137,189
up €137,189 (+38.8%), from €354,006 to €491,195
- Taxes -€7,148
down €7,148 (-6.8%), from €105,755 to €98,607
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 | €813,162 | €789,252 | -€23,910 | -2.9% |
| Fixed assets | 21/28 | €130,335 | €108,487 | -€21,847 | -16.8% |
| Tangible fixed assets | 22/27 | €130,190 | €108,343 | -€21,847 | -16.8% |
| Land and buildings | 22 | €118,267 | €101,110 | -€17,157 | -14.5% |
| Furniture and vehicles | 24 | €11,923 | €7,233 | -€4,690 | -39.3% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €682,828 | €680,765 | -€2,063 | -0.3% |
| Amounts receivable within one year | 40/41 | €273,181 | €378,412 | +€105,231 | +38.5% |
| Trade receivables | 40 | €135,151 | €372,710 | +€237,559 | +176% |
| Other amounts receivable | 41 | €138,030 | €5,701 | -€132,329 | -95.9% |
| Current investments | 50/53 | €381,758 | €277,693 | -€104,065 | -27.3% |
| Cash at bank and in hand | 54/58 | €24,830 | €21,112 | -€3,718 | -15.0% |
| Deferred charges and accrued income | 490/1 | €3,059 | €3,548 | +€489 | +16.0% |
| Total equity and liabilities | 10/49 | €813,162 | €789,252 | -€23,910 | -2.9% |
| Equity | 10/15 | €246,618 | €253,496 | +€6,877 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,018 | €234,896 | +€6,877 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €8,737 | +€6,877 | +370% |
| Reserves not available under the articles | 1311 | €1,860 | €8,737 | +€6,877 | +370% |
| Distributable reserves | 133 | €226,158 | €226,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €566,544 | €535,757 | -€30,787 | -5.4% |
| Amounts payable within one year | 42/48 | €566,544 | €535,757 | -€30,787 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €93,515 | €81,084 | -€12,431 | -13.3% |
| Suppliers | 440/4 | €93,515 | €81,084 | -€12,431 | -13.3% |
| Advances received on contracts in progress | 46 | €6,287 | €0 | -€6,287 | -100% |
| Taxes, remuneration and social security | 45 | €107,638 | €150,539 | +€42,901 | +39.9% |
| Taxes | 450/3 | €81,278 | €133,916 | +€52,638 | +64.8% |
| Remuneration and social security | 454/9 | €26,360 | €16,623 | -€9,737 | -36.9% |
| Other amounts payable | 47/48 | €359,104 | €304,133 | -€54,971 | -15.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46,952 | €49,479 | +€2,527 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,846 | €28,327 | +€481 | +1.7% |
| Other operating charges | 640/8 | €3,368 | €6,614 | +€3,247 | +96.4% |
| Gross operating margin | 9900 | €354,006 | €491,195 | +€137,189 | +38.8% |
| Operating profit (loss) | 9901 | €275,840 | €406,774 | +€130,934 | +47.5% |
| Financial income | 75/76B | €158,718 | €952 | -€157,765 | -99.4% |
| Recurring financial income | 75 | €158,718 | €952 | -€157,765 | -99.4% |
| Financial charges | 65/66B | €2,222 | €2,242 | +€20 | +0.9% |
| Recurring financial charges | 65 | €2,222 | €2,242 | +€20 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €432,336 | €405,485 | -€26,852 | -6.2% |
| Income taxes | 67/77 | €105,755 | €98,607 | -€7,148 | -6.8% |
| Profit (loss) for the period | 9904 | €326,581 | €306,877 | -€19,704 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €326,581 | €306,877 | -€19,704 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.