DERVAUX: 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.
DERVAUX
Largest movements
- Cash -€50,413
down €50,413 (-86.8%), from €58,098 to €7,685
mainly Current investments (-€45,000) and Net result for the year (-€6,058)
- Current investments +€45,000
new in 2025: €45,000
- Profit (loss) carried forward -€6,058
down €6,058 (-38.3%), from €15,833 to €9,775
- Other debts +€1,893
up €1,893 (+4.9%), from €38,712 to €40,605
- Trade debts -€1,248
no longer reported in 2025 (was €1,248)
- Gross operating margin -€384,588
down €384,588, from €378,873 to -€5,715
- Depreciation -€303,795
no longer reported in 2025 (was €303,795)
- Purchases and services -€20,465
down €20,465 (-77.0%), from €26,580 to €6,115
- Financial charges -€9,251
down €9,251 (-99.5%), from €9,298 to €47
- Other operating charges -€4,242
down €4,242 (-93.5%), from €4,538 to €296
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 | €106,253 | €100,840 | -€5,413 | -5.1% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €106,253 | €100,840 | -€5,413 | -5.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €48,155 | €48,155 | = | 0.0% |
| Other amounts receivable | 41 | €48,155 | €48,155 | = | 0.0% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €58,098 | €7,685 | -€50,413 | -86.8% |
| Total equity and liabilities | 10/49 | €106,253 | €100,840 | -€5,413 | -5.1% |
| Equity | 10/15 | €66,293 | €60,235 | -€6,058 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,833 | €9,775 | -€6,058 | -38.3% |
| Amounts payable | 17/49 | €39,960 | €40,605 | +€645 | +1.6% |
| Amounts payable within one year | 42/48 | €39,960 | €40,605 | +€645 | +1.6% |
| Trade debts | 44 | €1,248 | - | -€1,248 | |
| Suppliers | 440/4 | €1,248 | - | -€1,248 | |
| Other amounts payable | 47/48 | €38,712 | €40,605 | +€1,893 | +4.9% |
| Non-recurring operating income | 76A | €405,453 | €400 | -€405,053 | -99.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,580 | €6,115 | -€20,465 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,795 | - | -€303,795 | |
| Other operating charges | 640/8 | €4,538 | €296 | -€4,242 | -93.5% |
| Gross operating margin | 9900 | €378,873 | -€5,715 | -€384,588 | |
| Operating profit (loss) | 9901 | €70,540 | -€6,011 | -€76,551 | |
| Financial charges | 65/66B | €9,298 | €47 | -€9,251 | -99.5% |
| Recurring financial charges | 65 | €9,298 | €47 | -€9,251 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €61,242 | -€6,058 | -€67,300 | |
| Profit (loss) for the period | 9904 | €61,242 | -€6,058 | -€67,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,242 | -€6,058 | -€67,300 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.