DERVEAUX & ZN: what changed
DERVEAUX & ZN
Largest movements
- Cash +€35,596
up €35,596 (+4,839%), from €736 to €36,331
mainly Trade debts (+€34,539) and Accrued charges and deferred income (+€34,040)
- Receivables within one year +€34,818
up €34,818 (+104%), from €33,359 to €68,177
of which Other amounts receivable: +€26,027
- Tangible fixed assets -€21,418
down €21,418 (-41.5%), from €51,596 to €30,178
of which Furniture and vehicles: -€12,433
- Stocks and contracts +€13,284
up €13,284 (+794%), from €1,673 to €14,957
- Trade debts +€34,539
up €34,539 (+278%), from €12,423 to €46,962
- Accrued charges and deferred income +€34,040
new in 2025: €34,040
- Debts after one year -€14,145
down €14,145 (-69.3%), from €20,409 to €6,265
- Reserves +€9,326
up €9,326 (+373%), from €2,500 to €11,826
of which Distributable reserves: +€9,326
- Current portion of long-term debt -€5,428
down €5,428 (-27.7%), from €19,573 to €14,145
- Taxes +€2,331
up €2,331 (+120%), from €1,946 to €4,277
- Gross operating margin -€2,304
down €2,304 (-5.5%), from €41,553 to €39,249
- Financial income +€882
up €882 (+244%), from €362 to €1,244
- Other operating charges +€719
up €719 (+92.1%), from €781 to €1,500
- Financial charges -€469
down €469 (-16.2%), from €2,895 to €2,425
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 | €88,873 | €151,404 | +€62,531 | +70.4% |
| Fixed assets | 21/28 | €51,596 | €30,178 | -€21,418 | -41.5% |
| Tangible fixed assets | 22/27 | €51,596 | €30,178 | -€21,418 | -41.5% |
| Plant, machinery and equipment | 23 | €14,398 | €6,437 | -€7,960 | -55.3% |
| Furniture and vehicles | 24 | €36,174 | €23,741 | -€12,433 | -34.4% |
| Other tangible fixed assets | 26 | €1,024 | €0 | -€1,024 | -100% |
| Current assets | 29/58 | €37,278 | €121,226 | +€83,949 | +225% |
| Stocks and contracts in progress | 3 | €1,673 | €14,957 | +€13,284 | +794% |
| Stocks | 30/36 | €1,673 | €14,957 | +€13,284 | +794% |
| Amounts receivable within one year | 40/41 | €33,359 | €68,177 | +€34,818 | +104% |
| Trade receivables | 40 | €10,840 | €19,631 | +€8,791 | +81.1% |
| Other amounts receivable | 41 | €22,519 | €48,545 | +€26,027 | +116% |
| Cash at bank and in hand | 54/58 | €736 | €36,331 | +€35,596 | +4,839% |
| Deferred charges and accrued income | 490/1 | €1,510 | €1,761 | +€251 | +16.6% |
| Total equity and liabilities | 10/49 | €88,873 | €151,404 | +€62,531 | +70.4% |
| Equity | 10/15 | €33,107 | €42,433 | +€9,326 | +28.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €11,826 | +€9,326 | +373% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | - | €9,326 | +€9,326 | |
| Profit (loss) carried forward | 14 | €5,607 | €5,607 | = | 0.0% |
| Amounts payable | 17/49 | €55,766 | €108,971 | +€53,205 | +95.4% |
| Amounts payable after more than one year | 17 | €20,409 | €6,265 | -€14,145 | -69.3% |
| Financial debts | 170/4 | €20,409 | €6,265 | -€14,145 | -69.3% |
| Amounts payable within one year | 42/48 | €35,357 | €68,667 | +€33,310 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €19,573 | €14,145 | -€5,428 | -27.7% |
| Trade debts | 44 | €12,423 | €46,962 | +€34,539 | +278% |
| Suppliers | 440/4 | €12,423 | €46,962 | +€34,539 | +278% |
| Taxes, remuneration and social security | 45 | €3,362 | €7,560 | +€4,198 | +125% |
| Taxes | 450/3 | €3,362 | €7,560 | +€4,198 | +125% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €34,040 | +€34,040 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,860 | €22,965 | +€105 | +0.5% |
| Other operating charges | 640/8 | €781 | €1,500 | +€719 | +92.1% |
| Gross operating margin | 9900 | €41,553 | €39,249 | -€2,304 | -5.5% |
| Operating profit (loss) | 9901 | €17,911 | €14,784 | -€3,128 | -17.5% |
| Financial income | 75/76B | €362 | €1,244 | +€882 | +244% |
| Recurring financial income | 75 | €362 | €1,244 | +€882 | +244% |
| Financial charges | 65/66B | €2,895 | €2,425 | -€469 | -16.2% |
| Recurring financial charges | 65 | €2,895 | €2,425 | -€469 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €15,379 | €13,603 | -€1,776 | -11.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,946 | €4,277 | +€2,331 | +120% |
| Profit (loss) for the period | 9904 | €13,433 | €9,326 | -€4,107 | -30.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €13,433 | €9,326 | -€4,107 | -30.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.