DERSHAWI: 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.
DERSHAWI
Largest movements
- Tangible fixed assets -€5,783
down €5,783 (-31.1%), from €18,567 to €12,783
of which Plant, machinery and equipment: -€3,167
- Receivables within one year +€4,534
new in 2025: €4,534
- Cash +€3,540
up €3,540 (+8.3%), from €42,575 to €46,115
mainly Net result for the year (+€25,766) and Depreciation (+€5,783)
- Profit (loss) carried forward +€25,766
up €25,766 (+85.1%), from €30,261 to €56,028
- Other debts -€22,019
no longer reported in 2025 (was €22,019)
- Trade debts -€3,435
down €3,435 (-79.3%), from €4,331 to €896
- Tax, wage and social debts +€1,629
up €1,629 (+101.3%), from €1,608 to €3,237
- Staff costs +€80,072
up €80,072 (+475.9%), from €16,827 to €96,898
- Gross operating margin +€75,063
up €75,063 (+140.2%), from €53,552 to €128,615
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 | €63,220 | €65,161 | +€1,941 | +3.1% |
| Fixed assets | 21/28 | €18,567 | €12,783 | -€5,783 | -31.1% |
| Tangible fixed assets | 22/27 | €18,567 | €12,783 | -€5,783 | -31.1% |
| Land and buildings | 22 | €9,000 | €8,000 | -€1,000 | -11.1% |
| Plant, machinery and equipment | 23 | €6,333 | €3,167 | -€3,167 | -50.0% |
| Furniture and vehicles | 24 | €3,233 | €1,617 | -€1,617 | -50.0% |
| Current assets | 29/58 | €44,653 | €52,378 | +€7,724 | +17.3% |
| Stocks and contracts in progress | 3 | €2,078 | €1,728 | -€350 | -16.8% |
| Stocks | 30/36 | €2,078 | €1,728 | -€350 | -16.8% |
| Amounts receivable within one year | 40/41 | - | €4,534 | +€4,534 | |
| Trade receivables | 40 | - | €4,534 | +€4,534 | |
| Cash at bank and in hand | 54/58 | €42,575 | €46,115 | +€3,540 | +8.3% |
| Total equity and liabilities | 10/49 | €63,220 | €65,161 | +€1,941 | +3.1% |
| Equity | 10/15 | €35,261 | €61,028 | +€25,766 | +73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,261 | €56,028 | +€25,766 | +85.1% |
| Amounts payable | 17/49 | €27,958 | €4,133 | -€23,825 | -85.2% |
| Amounts payable within one year | 42/48 | €27,958 | €4,133 | -€23,825 | -85.2% |
| Trade debts | 44 | €4,331 | €896 | -€3,435 | -79.3% |
| Suppliers | 440/4 | €4,331 | €896 | -€3,435 | -79.3% |
| Taxes, remuneration and social security | 45 | €1,608 | €3,237 | +€1,629 | +101.3% |
| Taxes | 450/3 | €1,608 | €3,237 | +€1,629 | +101.3% |
| Other amounts payable | 47/48 | €22,019 | - | -€22,019 | |
| Remuneration, social security and pensions | 62 | €16,827 | €96,898 | +€80,072 | +475.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,783 | €5,783 | = | 0.0% |
| Other operating charges | 640/8 | €480 | - | -€480 | |
| Gross operating margin | 9900 | €53,552 | €128,615 | +€75,063 | +140.2% |
| Operating profit (loss) | 9901 | €30,461 | €25,933 | -€4,528 | -14.9% |
| Financial charges | 65/66B | €200 | €167 | -€33 | -16.7% |
| Recurring financial charges | 65 | €200 | €167 | -€33 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €30,261 | €25,766 | -€4,495 | -14.9% |
| Profit (loss) for the period | 9904 | €30,261 | €25,766 | -€4,495 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,261 | €25,766 | -€4,495 | -14.9% |
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 11 October 2026 via checked.be.