DERUYTTER M.: 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.
DERUYTTER M.
Largest movements
- Tangible fixed assets -€132,973
down €132,973 (-11.5%), from €1.2m to €1.0m
of which Land and buildings: -€168,188
- Reserves -€1.8m
down €1.8m (-99.9%), from €1.8m to €2,000
of which Distributable reserves: -€1.8m
- Profit (loss) carried forward +€1.7m
up €1.7m, from -€1.5m to €168,746
- Gross operating margin -€9,605
down €9,605 (-26.2%), from €36,672 to €27,066
- Depreciation -€4,426
down €4,426 (-2.8%), from €155,310 to €150,884
- Other operating charges +€2,291
up €2,291 (+83.5%), from €2,743 to €5,034
- Financial charges +€969
new in 2025: €969
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.
Derived cash bridge
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 | €1,162,768 | €1,031,628 | -€131,140 | -11.3% |
| Fixed assets | 21/28 | €1,161,795 | €1,028,228 | -€133,568 | -11.5% |
| Tangible fixed assets | 22/27 | €1,161,200 | €1,028,228 | -€132,973 | -11.5% |
| Land and buildings | 22 | €1,109,465 | €941,277 | -€168,188 | -15.2% |
| Plant, machinery and equipment | 23 | €51,736 | €77,443 | +€25,708 | +49.7% |
| Furniture and vehicles | 24 | - | €9,508 | +€9,508 | |
| Financial fixed assets | 28 | €595 | - | -€595 | |
| Current assets | 29/58 | €973 | €3,400 | +€2,427 | +249% |
| Amounts receivable within one year | 40/41 | - | €33 | +€33 | |
| Trade receivables | 40 | - | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €973 | €3,367 | +€2,394 | +246% |
| Total equity and liabilities | 10/49 | €1,162,768 | €1,031,628 | -€131,140 | -11.3% |
| Equity | 10/15 | €320,566 | €190,746 | -€129,820 | -40.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,849,119 | €2,000 | -€1.8m | -99.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Other | 1319 | - | €2,000 | +€2,000 | |
| Tax-exempt reserves | 132 | €661 | - | -€661 | |
| Distributable reserves | 133 | €1,846,458 | - | -€1.8m | |
| Profit (loss) carried forward | 14 | -€1,548,554 | €168,746 | +€1.7m | |
| Amounts payable | 17/49 | €842,202 | €840,882 | -€1,320 | -0.2% |
| Amounts payable within one year | 42/48 | €842,202 | €840,882 | -€1,320 | -0.2% |
| Trade debts | 44 | - | €2,621 | +€2,621 | |
| Suppliers | 440/4 | - | €2,621 | +€2,621 | |
| Taxes, remuneration and social security | 45 | €1,733 | €1,942 | +€209 | +12.1% |
| Taxes | 450/3 | €1,733 | €1,942 | +€209 | +12.1% |
| Other amounts payable | 47/48 | €840,470 | €836,319 | -€4,151 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,310 | €150,884 | -€4,426 | -2.8% |
| Other operating charges | 640/8 | €2,743 | €5,034 | +€2,291 | +83.5% |
| Gross operating margin | 9900 | €36,672 | €27,066 | -€9,605 | -26.2% |
| Operating profit (loss) | 9901 | -€121,381 | -€128,851 | -€7,471 | -6.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €969 | +€969 | |
| Recurring financial charges | 65 | - | €969 | +€969 | |
| Profit (loss) for the period before taxes | 9903 | -€121,381 | -€129,820 | -€8,440 | -7.0% |
| Profit (loss) for the period | 9904 | -€121,381 | -€129,820 | -€8,440 | -7.0% |
| Transfer from tax-exempt reserves | 789 | - | €661 | +€661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,381 | -€129,159 | -€7,778 | -6.4% |
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 23 October 2026 via checked.be.