DERTIEN: 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.
DERTIEN
Largest movements
- Intangible fixed assets -€331,745
down €331,745 (-88.9%), from €373,082 to €41,337
- Receivables within one year +€207,670
up €207,670 (+249.8%), from €83,149 to €290,819
of which Trade receivables: +€208,921
- Tangible fixed assets -€166,216
down €166,216 (-21.6%), from €769,272 to €603,056
of which Land and buildings: -€95,865
- Cash -€98,498
down €98,498 (-36.9%), from €266,628 to €168,131
mainly Debts after one year (-€282,421) and Contributions, distributions and other (-€209,745)
- Financial fixed assets -€23,187
down €23,187 (-95.5%), from €24,272 to €1,085
- Contributions -€314,032
down €314,032 (-37.9%), from €829,072 to €515,040
- Debts after one year -€282,421
down €282,421 (-51.2%), from €551,783 to €269,362
- Other debts +€161,407
up €161,407 (+236.5%), from €68,235 to €229,642
- Trade debts +€79,499
up €79,499 (+66.4%), from €119,663 to €199,162
- Tax, wage and social debts -€42,662
down €42,662 (-33.0%), from €129,108 to €86,446
of which Taxes: -€34,360
- Gross operating margin -€339,417
down €339,417 (-44.4%), from €764,200 to €424,782
- Staff costs -€40,423
down €40,423 (-11.2%), from €361,653 to €321,229
- Financial charges -€29,230
down €29,230 (-57.8%), from €50,554 to €21,324
- Depreciation -€20,154
down €20,154 (-12.8%), from €157,482 to €137,327
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 | €1,552,813 | €1,118,886 | -€433,928 | -27.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,166,626 | €645,478 | -€521,148 | -44.7% |
| Intangible fixed assets | 21 | €373,082 | €41,337 | -€331,745 | -88.9% |
| Tangible fixed assets | 22/27 | €769,272 | €603,056 | -€166,216 | -21.6% |
| Land and buildings | 22 | €465,369 | €369,504 | -€95,865 | -20.6% |
| Plant, machinery and equipment | 23 | €54,154 | €20,688 | -€33,466 | -61.8% |
| Furniture and vehicles | 24 | €14,270 | €1,569 | -€12,701 | -89.0% |
| Other tangible fixed assets | 26 | €235,480 | €211,295 | -€24,184 | -10.3% |
| Financial fixed assets | 28 | €24,272 | €1,085 | -€23,187 | -95.5% |
| Current assets | 29/58 | €386,187 | €473,407 | +€87,220 | +22.6% |
| Stocks and contracts in progress | 3 | €25,238 | €8,454 | -€16,785 | -66.5% |
| Stocks | 30/36 | €25,238 | €8,454 | -€16,785 | -66.5% |
| Amounts receivable within one year | 40/41 | €83,149 | €290,819 | +€207,670 | +249.8% |
| Trade receivables | 40 | €80,943 | €289,864 | +€208,921 | +258.1% |
| Other amounts receivable | 41 | €2,206 | €955 | -€1,251 | -56.7% |
| Cash at bank and in hand | 54/58 | €266,628 | €168,131 | -€98,498 | -36.9% |
| Deferred charges and accrued income | 490/1 | €11,172 | €6,004 | -€5,168 | -46.3% |
| Total equity and liabilities | 10/49 | €1,552,813 | €1,118,886 | -€433,928 | -27.9% |
| Equity | 10/15 | €526,711 | €250,647 | -€276,064 | -52.4% |
| Contributions | 10/11 | €829,072 | €515,040 | -€314,032 | -37.9% |
| Profit (loss) carried forward | 14 | -€302,361 | -€264,393 | +€37,968 | +12.6% |
| Amounts payable | 17/49 | €1,026,102 | €868,239 | -€157,864 | -15.4% |
| Amounts payable after more than one year | 17 | €551,783 | €269,362 | -€282,421 | -51.2% |
| Financial debts | 170/4 | €551,783 | €269,362 | -€282,421 | -51.2% |
| Amounts payable within one year | 42/48 | €432,033 | €584,294 | +€152,261 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €97,368 | €61,120 | -€36,248 | -37.2% |
| Financial debts | 43 | €2,424 | €2,188 | -€235 | -9.7% |
| Credit institutions | 430/8 | €2,424 | €2,188 | -€235 | -9.7% |
| Trade debts | 44 | €119,663 | €199,162 | +€79,499 | +66.4% |
| Suppliers | 440/4 | €119,663 | €199,162 | +€79,499 | +66.4% |
| Advances received on contracts in progress | 46 | €15,235 | €5,735 | -€9,500 | -62.4% |
| Taxes, remuneration and social security | 45 | €129,108 | €86,446 | -€42,662 | -33.0% |
| Taxes | 450/3 | €70,195 | €35,835 | -€34,360 | -48.9% |
| Remuneration and social security | 454/9 | €58,913 | €50,611 | -€8,302 | -14.1% |
| Other amounts payable | 47/48 | €68,235 | €229,642 | +€161,407 | +236.5% |
| Accrued charges and deferred income | 492/3 | €42,286 | €14,582 | -€27,704 | -65.5% |
| Remuneration, social security and pensions | 62 | €361,653 | €321,229 | -€40,423 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,482 | €137,327 | -€20,154 | -12.8% |
| Other operating charges | 640/8 | €7,806 | €11,507 | +€3,701 | +47.4% |
| Gross operating margin | 9900 | €764,200 | €424,782 | -€339,417 | -44.4% |
| Operating profit (loss) | 9901 | €237,259 | -€45,282 | -€282,540 | |
| Financial income | 75/76B | €1,892 | €286 | -€1,606 | -84.9% |
| Recurring financial income | 75 | €1,892 | €286 | -€1,606 | -84.9% |
| Financial charges | 65/66B | €50,554 | €21,324 | -€29,230 | -57.8% |
| Recurring financial charges | 65 | €50,554 | €21,324 | -€29,230 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €188,597 | -€66,319 | -€254,916 | |
| Profit (loss) for the period | 9904 | €188,597 | -€66,319 | -€254,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,597 | -€66,319 | -€254,916 |
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.