DERUYTER: 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.
DERUYTER
Largest movements
- Tangible fixed assets +€200,207
up €200,207 (+286.5%), from €69,883 to €270,090
of which Plant, machinery and equipment: +€199,002
- Cash -€19,384
down €19,384 (-73.1%), from €26,534 to €7,150
mainly Investment in fixed assets (net) (-€250,575) and Receivables within one year (-€522)
- Other debts +€112,538
up €112,538 (+202.2%), from €55,660 to €168,198
- Debts after one year +€32,710
new in 2025: €32,710
- Reserves +€18,436
up €18,436 (+28.7%), from €64,235 to €82,671
of which Distributable reserves: +€18,436
- Current portion of long-term debt +€9,573
new in 2025: €9,573
- Trade debts +€6,692
up €6,692 (+425.2%), from €1,574 to €8,266
- Depreciation +€17,708
up €17,708 (+53.6%), from €33,035 to €50,743
- Gross operating margin +€12,951
up €12,951 (+20.4%), from €63,559 to €76,509
- Taxes -€7,330
down €7,330 (-73.1%), from €10,025 to €2,694
- Financial charges +€2,030
up €2,030 (+80.7%), from €2,515 to €4,545
of which Financial charges: +€2,180
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 | €123,970 | €303,918 | +€179,948 | +145.2% |
| Fixed assets | 21/28 | €71,289 | €271,121 | +€199,832 | +280.3% |
| Intangible fixed assets | 21 | €1,406 | €1,031 | -€375 | -26.7% |
| Tangible fixed assets | 22/27 | €69,883 | €270,090 | +€200,207 | +286.5% |
| Plant, machinery and equipment | 23 | €42,512 | €241,514 | +€199,002 | +468.1% |
| Furniture and vehicles | 24 | €2,358 | €6,783 | +€4,426 | +187.7% |
| Other tangible fixed assets | 26 | €25,014 | €21,794 | -€3,221 | -12.9% |
| Current assets | 29/58 | €52,680 | €32,797 | -€19,883 | -37.7% |
| Amounts receivable within one year | 40/41 | €19,574 | €20,096 | +€522 | +2.7% |
| Other amounts receivable | 41 | €19,574 | €20,096 | +€522 | +2.7% |
| Cash at bank and in hand | 54/58 | €26,534 | €7,150 | -€19,384 | -73.1% |
| Deferred charges and accrued income | 490/1 | €6,573 | €5,551 | -€1,022 | -15.5% |
| Total equity and liabilities | 10/49 | €123,970 | €303,918 | +€179,948 | +145.2% |
| Equity | 10/15 | €66,735 | €85,171 | +€18,436 | +27.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €64,235 | €82,671 | +€18,436 | +28.7% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €63,985 | €82,421 | +€18,436 | +28.8% |
| Amounts payable | 17/49 | €57,234 | €218,747 | +€161,513 | +282.2% |
| Amounts payable after more than one year | 17 | - | €32,710 | +€32,710 | |
| Financial debts | 170/4 | - | €32,710 | +€32,710 | |
| Amounts payable within one year | 42/48 | €57,234 | €186,038 | +€128,803 | +225.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,573 | +€9,573 | |
| Trade debts | 44 | €1,574 | €8,266 | +€6,692 | +425.2% |
| Suppliers | 440/4 | €1,574 | €8,266 | +€6,692 | +425.2% |
| Other amounts payable | 47/48 | €55,660 | €168,198 | +€112,538 | +202.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,035 | €50,743 | +€17,708 | +53.6% |
| Other operating charges | 640/8 | €549 | €564 | +€15 | +2.8% |
| Gross operating margin | 9900 | €63,559 | €76,509 | +€12,951 | +20.4% |
| Operating profit (loss) | 9901 | €29,975 | €25,202 | -€4,773 | -15.9% |
| Financial income | 75/76B | €425 | €473 | +€48 | +11.3% |
| Recurring financial income | 75 | €425 | €473 | +€48 | +11.3% |
| Financial charges | 65/66B | €2,515 | €4,545 | +€2,030 | +80.7% |
| Recurring financial charges | 65 | €2,365 | €4,545 | +€2,180 | +92.2% |
| Non-recurring financial charges | 66B | €150 | €0 | -€150 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €27,885 | €21,130 | -€6,754 | -24.2% |
| Income taxes | 67/77 | €10,025 | €2,694 | -€7,330 | -73.1% |
| Profit (loss) for the period | 9904 | €17,860 | €18,436 | +€576 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,860 | €18,436 | +€576 | +3.2% |
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 2 October 2026 via checked.be.