DERVEAUX DENNIS: what changed
DERVEAUX DENNIS
Largest movements
- Cash +€168,112
up €168,112 (+51.8%), from €324,345 to €492,457
mainly Depreciation (+€104,634) and Net result for the year (+€78,681)
- Tangible fixed assets -€81,868
down €81,868 (-9.8%), from €838,977 to €757,109
of which Land and buildings: -€65,922
- Receivables within one year -€69,516
down €69,516 (-33.8%), from €205,911 to €136,396
of which Trade receivables: -€62,697
- Reserves +€78,681
up €78,681 (+18.8%), from €419,110 to €497,791
of which Distributable reserves: +€97,541
- Other debts -€39,669
down €39,669 (-12.0%), from €330,926 to €291,256
- Debts after one year -€15,882
down €15,882 (-24.0%), from €66,176 to €50,294
- Staff costs +€18,911
up €18,911 (+46.5%), from €40,626 to €59,537
- Depreciation +€17,158
up €17,158 (+19.6%), from €87,476 to €104,634
- Taxes -€14,209
down €14,209 (-27.6%), from €51,490 to €37,281
- Gross operating margin +€8,210
up €8,210 (+2.7%), from €303,373 to €311,583
- Financial charges +€3,198
up €3,198 (+14.5%), from €22,078 to €25,276
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,373,732 | €1,393,540 | +€19,808 | +1.4% |
| Fixed assets | 21/28 | €838,977 | €757,109 | -€81,868 | -9.8% |
| Tangible fixed assets | 22/27 | €838,977 | €757,109 | -€81,868 | -9.8% |
| Land and buildings | 22 | €807,712 | €741,790 | -€65,922 | -8.2% |
| Plant, machinery and equipment | 23 | - | €6,396 | +€6,396 | |
| Furniture and vehicles | 24 | €31,265 | €8,924 | -€22,342 | -71.5% |
| Current assets | 29/58 | €534,755 | €636,430 | +€101,675 | +19.0% |
| Amounts receivable within one year | 40/41 | €205,911 | €136,396 | -€69,516 | -33.8% |
| Trade receivables | 40 | €189,538 | €126,842 | -€62,697 | -33.1% |
| Other amounts receivable | 41 | €16,373 | €9,554 | -€6,819 | -41.6% |
| Cash at bank and in hand | 54/58 | €324,345 | €492,457 | +€168,112 | +51.8% |
| Deferred charges and accrued income | 490/1 | €4,499 | €7,577 | +€3,079 | +68.4% |
| Total equity and liabilities | 10/49 | €1,373,732 | €1,393,540 | +€19,808 | +1.4% |
| Equity | 10/15 | €899,988 | €978,669 | +€78,681 | +8.7% |
| Contributions | 10/11 | €435,932 | €435,932 | = | 0.0% |
| Reserves | 13 | €419,110 | €497,791 | +€78,681 | +18.8% |
| Non-distributable reserves | 130/1 | €18,860 | - | -€18,860 | |
| Reserves not available under the articles | 1311 | €18,860 | - | -€18,860 | |
| Distributable reserves | 133 | €400,250 | €497,791 | +€97,541 | +24.4% |
| Profit (loss) carried forward | 14 | €44,946 | €44,946 | = | 0.0% |
| Amounts payable | 17/49 | €473,744 | €414,871 | -€58,873 | -12.4% |
| Amounts payable after more than one year | 17 | €66,176 | €50,294 | -€15,882 | -24.0% |
| Financial debts | 170/4 | €66,176 | €50,294 | -€15,882 | -24.0% |
| Amounts payable within one year | 42/48 | €407,568 | €362,997 | -€44,571 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €15,882 | €15,882 | = | 0.0% |
| Trade debts | 44 | €37,857 | €34,270 | -€3,587 | -9.5% |
| Suppliers | 440/4 | €37,857 | €34,270 | -€3,587 | -9.5% |
| Taxes, remuneration and social security | 45 | €22,903 | €21,588 | -€1,314 | -5.7% |
| Taxes | 450/3 | €20,222 | €19,203 | -€1,019 | -5.0% |
| Remuneration and social security | 454/9 | €2,681 | €2,385 | -€296 | -11.0% |
| Other amounts payable | 47/48 | €330,926 | €291,256 | -€39,669 | -12.0% |
| Accrued charges and deferred income | 492/3 | - | €1,580 | +€1,580 | |
| Remuneration, social security and pensions | 62 | €40,626 | €59,537 | +€18,911 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,476 | €104,634 | +€17,158 | +19.6% |
| Other operating charges | 640/8 | €6,654 | €6,646 | -€8 | -0.1% |
| Gross operating margin | 9900 | €303,373 | €311,583 | +€8,210 | +2.7% |
| Operating profit (loss) | 9901 | €168,616 | €140,765 | -€27,851 | -16.5% |
| Financial income | 75/76B | €491 | €473 | -€18 | -3.6% |
| Recurring financial income | 75 | €491 | €473 | -€18 | -3.6% |
| Financial charges | 65/66B | €22,078 | €25,276 | +€3,198 | +14.5% |
| Recurring financial charges | 65 | €22,078 | €25,276 | +€3,198 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €147,029 | €115,962 | -€31,067 | -21.1% |
| Income taxes | 67/77 | €51,490 | €37,281 | -€14,209 | -27.6% |
| Profit (loss) for the period | 9904 | €95,539 | €78,681 | -€16,858 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,539 | €78,681 | -€16,858 | -17.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 29 December 2024 and 29 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.