Deruco: 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.
Deruco
Largest movements
- Stocks and contracts +€30,175
up €30,175 (+12.6%), from €239,185 to €269,360
of which Contracts in progress: +€28,946
- Trade debts +€117,024
up €117,024 (+73.2%), from €159,765 to €276,789
- Profit (loss) carried forward -€89,717
down €89,717, from €9,375 to -€80,342
- Other debts -€33,250
no longer reported in 2025 (was €33,250)
- Debts after one year +€22,189
up €22,189 (+18.1%), from €122,575 to €144,764
of which Other amounts payable: +€26,158
- Current portion of long-term debt +€20,353
up €20,353 (+68.9%), from €29,544 to €49,897
- Gross operating margin -€86,874
down €86,874 (-8.0%), from €1.1m to €1.0m
- Staff costs +€19,141
up €19,141 (+1.9%), from €1.0m to €1.0m
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 | €651,755 | €679,882 | +€28,127 | +4.3% |
| Fixed assets | 21/28 | €72,292 | €65,590 | -€6,701 | -9.3% |
| Tangible fixed assets | 22/27 | €72,292 | €65,590 | -€6,701 | -9.3% |
| Plant, machinery and equipment | 23 | €51,213 | €37,967 | -€13,245 | -25.9% |
| Furniture and vehicles | 24 | €21,079 | €27,623 | +€6,544 | +31.0% |
| Current assets | 29/58 | €579,464 | €614,292 | +€34,828 | +6.0% |
| Stocks and contracts in progress | 3 | €239,185 | €269,360 | +€30,175 | +12.6% |
| Stocks | 30/36 | €106,345 | €107,574 | +€1,229 | +1.2% |
| Contracts in progress | 37 | €132,840 | €161,785 | +€28,946 | +21.8% |
| Amounts receivable within one year | 40/41 | €325,985 | €325,336 | -€649 | -0.2% |
| Trade receivables | 40 | €299,228 | €303,855 | +€4,627 | +1.5% |
| Other amounts receivable | 41 | €26,757 | €21,481 | -€5,277 | -19.7% |
| Cash at bank and in hand | 54/58 | €14,294 | €19,597 | +€5,303 | +37.1% |
| Total equity and liabilities | 10/49 | €651,755 | €679,882 | +€28,127 | +4.3% |
| Equity | 10/15 | €258,299 | €168,582 | -€89,717 | -34.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €229,092 | €229,092 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,851 | €17,851 | = | 0.0% |
| Distributable reserves | 133 | €209,258 | €209,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,375 | -€80,342 | -€89,717 | |
| Amounts payable | 17/49 | €393,456 | €511,300 | +€117,844 | +30.0% |
| Amounts payable after more than one year | 17 | €122,575 | €144,764 | +€22,189 | +18.1% |
| Financial debts | 170/4 | €76,490 | €72,520 | -€3,969 | -5.2% |
| Other amounts payable | 178/9 | €46,085 | €72,243 | +€26,158 | +56.8% |
| Amounts payable within one year | 42/48 | €270,882 | €366,536 | +€95,655 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €29,544 | €49,897 | +€20,353 | +68.9% |
| Trade debts | 44 | €159,765 | €276,789 | +€117,024 | +73.2% |
| Suppliers | 440/4 | €159,765 | €276,789 | +€117,024 | +73.2% |
| Taxes, remuneration and social security | 45 | €48,323 | €39,851 | -€8,472 | -17.5% |
| Taxes | 450/3 | €9,089 | - | -€9,089 | |
| Remuneration and social security | 454/9 | €39,234 | €39,851 | +€617 | +1.6% |
| Other amounts payable | 47/48 | €33,250 | - | -€33,250 | |
| Remuneration, social security and pensions | 62 | €1,028,731 | €1,047,871 | +€19,141 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,351 | €29,190 | -€4,161 | -12.5% |
| Other operating charges | 640/8 | €4,487 | €4,475 | -€12 | -0.3% |
| Gross operating margin | 9900 | €1,088,696 | €1,001,822 | -€86,874 | -8.0% |
| Operating profit (loss) | 9901 | €22,128 | -€79,714 | -€101,843 | |
| Financial income | 75/76B | €884 | €528 | -€356 | -40.2% |
| Recurring financial income | 75 | €884 | €528 | -€356 | -40.2% |
| Financial charges | 65/66B | €11,286 | €10,530 | -€755 | -6.7% |
| Recurring financial charges | 65 | €11,286 | €10,530 | -€755 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €11,726 | -€89,717 | -€101,443 | |
| Income taxes | 67/77 | €5,655 | €0 | -€5,654 | -100.0% |
| Profit (loss) for the period | 9904 | €6,071 | -€89,717 | -€95,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,071 | -€89,717 | -€95,788 |
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 9 October 2026 via checked.be.