DERT13N: 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.
DERT13N
Largest movements
- Current investments +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Reserves +€81,075
up €81,075 (+111%), from €73,006 to €154,081
- Debts after one year -€63,285
down €63,285 (-74.4%), from €85,021 to €21,736
- Tax, wage and social debts -€23,839
down €23,839 (-77.8%), from €30,638 to €6,798
of which Taxes: -€21,397
- Current portion of long-term debt +€16,179
up €16,179 (+62.7%), from €25,810 to €41,989
- Gross operating margin +€7,260
up €7,260 (+6.5%), from €111,641 to €118,901
- Financial charges -€4,717
down €4,717 (-53.0%), from €8,896 to €4,179
- Taxes +€3,785
up €3,785 (+13.7%), from €27,680 to €31,465
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 | €221,520 | €232,006 | +€10,486 | +4.7% |
| Fixed assets | 21/28 | €176,239 | €175,958 | -€281 | -0.2% |
| Tangible fixed assets | 22/27 | €1,239 | €958 | -€281 | -22.7% |
| Furniture and vehicles | 24 | €1,239 | €958 | -€281 | -22.7% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €45,280 | €56,048 | +€10,767 | +23.8% |
| Amounts receivable within one year | 40/41 | €1,026 | €343 | -€683 | -66.6% |
| Other amounts receivable | 41 | €1,026 | €343 | -€683 | -66.6% |
| Current investments | 50/53 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €3,109 | €4,333 | +€1,224 | +39.4% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,372 | +€227 | +19.8% |
| Total equity and liabilities | 10/49 | €221,520 | €232,006 | +€10,486 | +4.7% |
| Equity | 10/15 | €78,006 | €159,081 | +€81,075 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,006 | €154,081 | +€81,075 | +111% |
| Distributable reserves | 133 | €73,006 | €154,081 | +€81,075 | +111% |
| Amounts payable | 17/49 | €143,514 | €72,925 | -€70,589 | -49.2% |
| Amounts payable after more than one year | 17 | €85,021 | €21,736 | -€63,285 | -74.4% |
| Other amounts payable | 178/9 | €85,021 | €21,736 | -€63,285 | -74.4% |
| Amounts payable within one year | 42/48 | €58,492 | €51,189 | -€7,304 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €25,810 | €41,989 | +€16,179 | +62.7% |
| Trade debts | 44 | €842 | €889 | +€47 | +5.5% |
| Suppliers | 440/4 | €842 | €889 | +€47 | +5.5% |
| Taxes, remuneration and social security | 45 | €30,638 | €6,798 | -€23,839 | -77.8% |
| Taxes | 450/3 | €28,195 | €6,798 | -€21,397 | -75.9% |
| Remuneration and social security | 454/9 | €2,442 | - | -€2,442 | |
| Other amounts payable | 47/48 | €1,203 | €1,513 | +€310 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €281 | +€115 | +69.8% |
| Other operating charges | 640/8 | €176 | €237 | +€61 | +34.7% |
| Gross operating margin | 9900 | €111,641 | €118,901 | +€7,260 | +6.5% |
| Operating profit (loss) | 9901 | €111,300 | €118,384 | +€7,084 | +6.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +967% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +967% |
| Financial charges | 65/66B | €8,896 | €4,179 | -€4,717 | -53.0% |
| Recurring financial charges | 65 | €8,896 | €4,179 | -€4,717 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €102,404 | €114,206 | +€11,802 | +11.5% |
| Income taxes | 67/77 | €27,680 | €31,465 | +€3,785 | +13.7% |
| Profit (loss) for the period | 9904 | €74,724 | €82,741 | +€8,017 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,724 | €82,741 | +€8,017 | +10.7% |
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 14 October 2026 via checked.be.