DERTIEN: 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.
DERTIEN
Largest movements
- Receivables within one year +€35,948
up €35,948 (+288%), from €12,485 to €48,433
of which Other amounts receivable: +€21,124
- Tangible fixed assets -€18,784
down €18,784 (-5.3%), from €352,152 to €333,368
of which Land and buildings: -€12,019
- Debts after one year -€25,655
down €25,655 (-12.3%), from €208,489 to €182,833
- Trade debts +€21,574
up €21,574 (+60.5%), from €35,631 to €57,205
- Reserves +€18,112
up €18,112 (+21.9%), from €82,624 to €100,736
- Short-term financial debts +€15,236
up €15,236 (+1,416%), from €1,076 to €16,311
- Other debts -€11,726
down €11,726 (-88.7%), from €13,226 to €1,500
- Gross operating margin +€44,100
up €44,100 (+23.0%), from €191,586 to €235,686
- Staff costs +€18,572
up €18,572 (+15.9%), from €116,547 to €135,119
- Taxes +€8,256
up €8,256 (+438%), from €1,884 to €10,141
- Depreciation +€5,279
up €5,279 (+12.9%), from €40,773 to €46,053
- Financial charges +€5,033
up €5,033 (+32.4%), from €15,542 to €20,576
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 | €425,802 | €443,390 | +€17,587 | +4.1% |
| Fixed assets | 21/28 | €352,152 | €333,368 | -€18,784 | -5.3% |
| Tangible fixed assets | 22/27 | €352,152 | €333,368 | -€18,784 | -5.3% |
| Land and buildings | 22 | €164,037 | €152,018 | -€12,019 | -7.3% |
| Plant, machinery and equipment | 23 | €134,845 | €134,095 | -€750 | -0.6% |
| Furniture and vehicles | 24 | - | €5,200 | +€5,200 | |
| Leasing and similar rights | 25 | €53,271 | €42,056 | -€11,215 | -21.1% |
| Current assets | 29/58 | €73,650 | €110,021 | +€36,371 | +49.4% |
| Stocks and contracts in progress | 3 | €13,697 | €12,264 | -€1,433 | -10.5% |
| Stocks | 30/36 | €13,697 | €12,264 | -€1,433 | -10.5% |
| Amounts receivable within one year | 40/41 | €12,485 | €48,433 | +€35,948 | +288% |
| Trade receivables | 40 | €4,710 | €19,534 | +€14,824 | +315% |
| Other amounts receivable | 41 | €7,775 | €28,898 | +€21,124 | +272% |
| Cash at bank and in hand | 54/58 | €45,666 | €45,137 | -€528 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,803 | €4,187 | +€2,385 | +132% |
| Total equity and liabilities | 10/49 | €425,802 | €443,390 | +€17,587 | +4.1% |
| Equity | 10/15 | €101,216 | €119,328 | +€18,112 | +17.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,624 | €100,736 | +€18,112 | +21.9% |
| Distributable reserves | 133 | €82,624 | €100,736 | +€18,112 | +21.9% |
| Amounts payable | 17/49 | €324,587 | €324,062 | -€525 | -0.2% |
| Amounts payable after more than one year | 17 | €208,489 | €182,833 | -€25,655 | -12.3% |
| Financial debts | 170/4 | €208,489 | €182,833 | -€25,655 | -12.3% |
| Amounts payable within one year | 42/48 | €116,098 | €141,229 | +€25,130 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €43,652 | €41,700 | -€1,953 | -4.5% |
| Financial debts | 43 | €1,076 | €16,311 | +€15,236 | +1,416% |
| Credit institutions | 430/8 | €1,076 | €16,311 | +€15,236 | +1,416% |
| Trade debts | 44 | €35,631 | €57,205 | +€21,574 | +60.5% |
| Suppliers | 440/4 | €35,631 | €57,205 | +€21,574 | +60.5% |
| Taxes, remuneration and social security | 45 | €22,513 | €24,513 | +€2,000 | +8.9% |
| Taxes | 450/3 | €11,300 | €18,828 | +€7,528 | +66.6% |
| Remuneration and social security | 454/9 | €11,213 | €5,685 | -€5,528 | -49.3% |
| Other amounts payable | 47/48 | €13,226 | €1,500 | -€11,726 | -88.7% |
| Remuneration, social security and pensions | 62 | €116,547 | €135,119 | +€18,572 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,773 | €46,053 | +€5,279 | +12.9% |
| Other operating charges | 640/8 | €7,474 | €5,848 | -€1,626 | -21.8% |
| Gross operating margin | 9900 | €191,586 | €235,686 | +€44,100 | +23.0% |
| Operating profit (loss) | 9901 | €26,792 | €48,667 | +€21,875 | +81.6% |
| Financial income | 75/76B | €138 | €162 | +€24 | +17.3% |
| Recurring financial income | 75 | €138 | €162 | +€24 | +17.3% |
| Financial charges | 65/66B | €15,542 | €20,576 | +€5,033 | +32.4% |
| Recurring financial charges | 65 | €15,542 | €20,576 | +€5,033 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €11,388 | €28,253 | +€16,865 | +148% |
| Income taxes | 67/77 | €1,884 | €10,141 | +€8,256 | +438% |
| Profit (loss) for the period | 9904 | €9,503 | €18,112 | +€8,609 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,503 | €18,112 | +€8,609 | +90.6% |
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 19 October 2026 via checked.be.