DERUCO: 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.
What changed
DERUCO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€19,124
2023 · -€48,063+€28,939
Equity
€475,014
2023 · €494,139-€19,125
Cash
€155,238
2023 · €156,823-€1,585
Balance sheet total
€2.9m
2023 · €2.9m-€19,609
Largest movements
Assets
- Tangible fixed assets -€32,365
down €32,365 (-1.2%), from €2.8m to €2.7m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€33,549
down €33,549 (-81.2%), from €41,310 to €7,761
- Taxes -€14,399
down €14,399, from €7,200 to -€7,199
- Gross operating margin -€12,356
down €12,356 (-10.5%), from €117,742 to €105,386
- Other operating charges +€4,760
up €4,760 (+56.6%), from €8,403 to €13,163
- Depreciation +€1,940
up €1,940 (+1.7%), from €112,228 to €114,168
From the 2023 result to the 2024 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.
Result 2023
-€48,063
Gross operating margin
-€12,356
Depreciation
-€1,940
Other operating charges
-€4,760
Financial income
+€14
Financial charges
+€33,549
Taxes
+€14,399
Deferred taxes and other
+€33
Result 2024
-€19,124
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€80,219
Investment
-€81,803
Financing
-€1
Cash 2023
€156,823
From operations (derived)
+€80,219
Net result for the year
-€19,124
Depreciation
+€114,168
Receivables within one year
-€14,340
Provisions
-€3,369
Smaller working-capital items
+€159
Tax, wage and social debts
+€2,725
Investment (derived)
-€81,803
Investment in fixed assets (net)
-€81,803
Financing
-€1
Contributions, distributions and other
-€1
Cash 2024
€155,238
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,929,951 | €2,910,342 | -€19,609 | -0.7% |
| Fixed assets | 21/28 | €2,766,603 | €2,734,238 | -€32,365 | -1.2% |
| Tangible fixed assets | 22/27 | €2,766,603 | €2,734,238 | -€32,365 | -1.2% |
| Land and buildings | 22 | €2,766,603 | €2,734,238 | -€32,365 | -1.2% |
| Current assets | 29/58 | €163,348 | €176,104 | +€12,756 | +7.8% |
| Amounts receivable within one year | 40/41 | €6,525 | €20,865 | +€14,340 | +219.8% |
| Trade receivables | 40 | €5,412 | €20,838 | +€15,426 | +285.0% |
| Other amounts receivable | 41 | €1,113 | €28 | -€1,085 | -97.5% |
| Cash at bank and in hand | 54/58 | €156,823 | €155,238 | -€1,585 | -1.0% |
| Total equity and liabilities | 10/49 | €2,929,951 | €2,910,342 | -€19,609 | -0.7% |
| Equity | 10/15 | €494,139 | €475,014 | -€19,125 | -3.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €316,421 | €308,399 | -€8,022 | -2.5% |
| Non-distributable reserves | 130/1 | €5,095 | €5,095 | -€0 | 0.0% |
| Legal reserve | 130 | €5,095 | €5,095 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €217,046 | €209,025 | -€8,021 | -3.7% |
| Distributable reserves | 133 | €94,280 | €94,280 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€422,282 | -€433,385 | -€11,103 | -2.6% |
| Provisions and deferred taxes | 16 | €91,170 | €87,801 | -€3,369 | -3.7% |
| Deferred taxes | 168 | €91,170 | €87,801 | -€3,369 | -3.7% |
| Amounts payable | 17/49 | €2,344,642 | €2,347,526 | +€2,884 | +0.1% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,744,642 | €1,747,526 | +€2,884 | +0.2% |
| Trade debts | 44 | €13,691 | €13,851 | +€160 | +1.2% |
| Suppliers | 440/4 | €13,691 | €13,851 | +€160 | +1.2% |
| Taxes, remuneration and social security | 45 | €14,400 | €17,125 | +€2,725 | +18.9% |
| Taxes | 450/3 | €14,400 | €17,125 | +€2,725 | +18.9% |
| Other amounts payable | 47/48 | €1,716,551 | €1,716,551 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,228 | €114,168 | +€1,940 | +1.7% |
| Other operating charges | 640/8 | €8,403 | €13,163 | +€4,760 | +56.6% |
| Gross operating margin | 9900 | €117,742 | €105,386 | -€12,356 | -10.5% |
| Operating profit (loss) | 9901 | -€2,889 | -€21,944 | -€19,055 | -659.6% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €41,310 | €7,761 | -€33,549 | -81.2% |
| Recurring financial charges | 65 | €41,310 | €7,761 | -€33,549 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,199 | -€29,692 | +€14,507 | +32.8% |
| Transfer from deferred taxes | 780 | €3,336 | €3,369 | +€33 | +1.0% |
| Income taxes | 67/77 | €7,200 | -€7,199 | -€14,399 | |
| Profit (loss) for the period | 9904 | -€48,063 | -€19,124 | +€28,939 | +60.2% |
| Transfer from tax-exempt reserves | 789 | €7,940 | €8,021 | +€81 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,123 | -€11,103 | +€29,020 | +72.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.