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.
DERUCO
Largest movements
- Receivables within one year -€48,724
down €48,724 (-88.9%), from €54,822 to €6,098
of which Other amounts receivable: -€48,931
- Cash +€4,770
up €4,770 (+15.4%), from €31,063 to €35,833
mainly Receivables within one year (+€48,724) and Other debts (+€1,068)
- Profit (loss) carried forward -€41,659
down €41,659 (-23.7%), from -€175,722 to -€217,380
- Trade debts -€3,553
down €3,553 (-99.9%), from €3,557 to €5
- Other debts +€1,068
up €1,068 (+3.2%), from €32,980 to €34,048
- Gross operating margin +€7,679
up €7,679, from -€1,745 to €5,934
- Depreciation -€443
no longer reported in 2025 (was €443)
- Financial charges -€259
down €259 (-47.0%), from €551 to €292
- Other operating charges -€243
down €243 (-13.0%), from €1,872 to €1,629
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 | €85,884 | €41,931 | -€43,954 | -51.2% |
| Current assets | 29/58 | €85,884 | €41,931 | -€43,954 | -51.2% |
| Amounts receivable within one year | 40/41 | €54,822 | €6,098 | -€48,724 | -88.9% |
| Trade receivables | 40 | €5,889 | €6,095 | +€207 | +3.5% |
| Other amounts receivable | 41 | €48,933 | €3 | -€48,931 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,063 | €35,833 | +€4,770 | +15.4% |
| Total equity and liabilities | 10/49 | €85,884 | €41,931 | -€43,954 | -51.2% |
| Equity | 10/15 | €49,278 | €7,620 | -€41,659 | -84.5% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,722 | -€217,380 | -€41,659 | -23.7% |
| Amounts payable | 17/49 | €36,606 | €34,311 | -€2,295 | -6.3% |
| Amounts payable within one year | 42/48 | €36,606 | €34,311 | -€2,295 | -6.3% |
| Trade debts | 44 | €3,557 | €5 | -€3,553 | -99.9% |
| Suppliers | 440/4 | €3,557 | €5 | -€3,553 | -99.9% |
| Taxes, remuneration and social security | 45 | €69 | €258 | +€189 | +276.4% |
| Taxes | 450/3 | €69 | €258 | +€189 | +276.4% |
| Other amounts payable | 47/48 | €32,980 | €34,048 | +€1,068 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | - | -€443 | |
| Other operating charges | 640/8 | €1,872 | €1,629 | -€243 | -13.0% |
| Non-recurring operating charges | 66A | - | €46,576 | +€46,576 | |
| Gross operating margin | 9900 | -€1,745 | €5,934 | +€7,679 | |
| Operating profit (loss) | 9901 | -€4,060 | -€42,271 | -€38,211 | -941.1% |
| Financial income | 75/76B | €896 | €904 | +€9 | +1.0% |
| Recurring financial income | 75 | €896 | €904 | +€9 | +1.0% |
| Financial charges | 65/66B | €551 | €292 | -€259 | -47.0% |
| Recurring financial charges | 65 | €551 | €292 | -€259 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,716 | -€41,659 | -€37,943 | -1021.2% |
| Profit (loss) for the period | 9904 | -€3,716 | -€41,659 | -€37,943 | -1021.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,716 | -€41,659 | -€37,943 | -1021.2% |
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.