DERS: 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.
DERS
Largest movements
- Receivables within one year -€29,660
down €29,660 (-11.7%), from €252,521 to €222,862
of which Trade receivables: -€43,362
- Profit (loss) carried forward -€29,298
down €29,298 (-53.6%), from -€54,685 to -€83,984
- Financial charges +€17,619
up €17,619 (+5906.8%), from €298 to €17,917
- Gross operating margin +€7,937
up €7,937 (+44.3%), from -€17,903 to -€9,966
- Taxes +€6,653
up €6,653, from -€176 to €6,477
- Financial income +€4,145
up €4,145 (+192.3%), from €2,155 to €6,301
- Other operating charges -€1,450
down €1,450 (-67.4%), from €2,151 to €701
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 | €270,422 | €239,476 | -€30,945 | -11.4% |
| Fixed assets | 21/28 | €2,247 | €1,709 | -€538 | -24.0% |
| Tangible fixed assets | 22/27 | €1,347 | €809 | -€538 | -40.0% |
| Plant, machinery and equipment | 23 | €1,231 | €693 | -€538 | -43.7% |
| Furniture and vehicles | 24 | €116 | €116 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €268,175 | €237,768 | -€30,407 | -11.3% |
| Amounts receivable within one year | 40/41 | €252,521 | €222,862 | -€29,660 | -11.7% |
| Trade receivables | 40 | €213,114 | €169,752 | -€43,362 | -20.3% |
| Other amounts receivable | 41 | €39,407 | €53,109 | +€13,702 | +34.8% |
| Cash at bank and in hand | 54/58 | €15,654 | €14,906 | -€748 | -4.8% |
| Total equity and liabilities | 10/49 | €270,422 | €239,476 | -€30,945 | -11.4% |
| Equity | 10/15 | €267,875 | €238,576 | -€29,298 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €303,960 | €303,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €302,100 | €302,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,685 | -€83,984 | -€29,298 | -53.6% |
| Amounts payable | 17/49 | €2,547 | €900 | -€1,647 | -64.7% |
| Amounts payable within one year | 42/48 | €2,547 | €900 | -€1,647 | -64.7% |
| Trade debts | 44 | €2,547 | €900 | -€1,647 | -64.7% |
| Suppliers | 440/4 | €2,547 | €900 | -€1,647 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €538 | -€106 | -16.5% |
| Other operating charges | 640/8 | €2,151 | €701 | -€1,450 | -67.4% |
| Gross operating margin | 9900 | -€17,903 | -€9,966 | +€7,937 | +44.3% |
| Operating profit (loss) | 9901 | -€20,698 | -€11,205 | +€9,493 | +45.9% |
| Financial income | 75/76B | €2,155 | €6,301 | +€4,145 | +192.3% |
| Recurring financial income | 75 | €2,155 | €6,301 | +€4,145 | +192.3% |
| Financial charges | 65/66B | €298 | €17,917 | +€17,619 | +5906.8% |
| Recurring financial charges | 65 | €298 | €17,917 | +€17,619 | +5906.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,841 | -€22,822 | -€3,980 | -21.1% |
| Income taxes | 67/77 | -€176 | €6,477 | +€6,653 | |
| Profit (loss) for the period | 9904 | -€18,665 | -€29,298 | -€10,633 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,665 | -€29,298 | -€10,633 | -57.0% |
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 7 October 2026 via checked.be.