DERYCKER DANIEL: 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.
DERYCKER DANIEL
Largest movements
- Cash -€153,056
down €153,056 (-51.6%), from €296,872 to €143,816
mainly Current investments (-€150,453) and Receivables within one year (-€59,322)
- Current investments +€150,453
up €150,453 (+68.2%), from €220,725 to €371,178
- Receivables within one year +€59,322
up €59,322 (+351.8%), from €16,861 to €76,184
of which Trade receivables: +€67,442
- Reserves +€66,066
up €66,066 (+27.3%), from €242,322 to €308,387
of which Distributable reserves: +€66,066
- Gross operating margin +€34,577
up €34,577 (+36.6%), from €94,598 to €129,174
- Financial charges +€16,164
up €16,164 (+133.1%), from €12,143 to €28,307
- Financial income -€2,737
down €2,737 (-10.6%), from €25,730 to €22,993
- Taxes -€1,386
down €1,386 (-5.8%), from €24,020 to €22,634
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 | €1,406,471 | €1,452,330 | +€45,860 | +3.3% |
| Fixed assets | 21/28 | €145,358 | €137,308 | -€8,049 | -5.5% |
| Tangible fixed assets | 22/27 | €40,759 | €32,710 | -€8,049 | -19.7% |
| Plant, machinery and equipment | 23 | €40,759 | €32,710 | -€8,049 | -19.7% |
| Financial fixed assets | 28 | €104,598 | €104,598 | = | 0.0% |
| Current assets | 29/58 | €1,261,113 | €1,315,022 | +€53,909 | +4.3% |
| Stocks and contracts in progress | 3 | €724,936 | €722,110 | -€2,826 | -0.4% |
| Stocks | 30/36 | €724,936 | €722,110 | -€2,826 | -0.4% |
| Amounts receivable within one year | 40/41 | €16,861 | €76,184 | +€59,322 | +351.8% |
| Trade receivables | 40 | €890 | €68,333 | +€67,442 | +7574.4% |
| Other amounts receivable | 41 | €15,971 | €7,851 | -€8,120 | -50.8% |
| Current investments | 50/53 | €220,725 | €371,178 | +€150,453 | +68.2% |
| Cash at bank and in hand | 54/58 | €296,872 | €143,816 | -€153,056 | -51.6% |
| Deferred charges and accrued income | 490/1 | €1,719 | €1,734 | +€15 | +0.9% |
| Total equity and liabilities | 10/49 | €1,406,471 | €1,452,330 | +€45,860 | +3.3% |
| Equity | 10/15 | €1,065,434 | €1,131,499 | +€66,066 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,322 | €308,387 | +€66,066 | +27.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €240,462 | €306,527 | +€66,066 | +27.5% |
| Profit (loss) carried forward | 14 | €804,512 | €804,512 | = | 0.0% |
| Amounts payable | 17/49 | €341,037 | €320,831 | -€20,206 | -5.9% |
| Amounts payable within one year | 42/48 | €341,037 | €320,831 | -€20,206 | -5.9% |
| Trade debts | 44 | €13,957 | €681 | -€13,275 | -95.1% |
| Suppliers | 440/4 | €13,957 | €681 | -€13,275 | -95.1% |
| Taxes, remuneration and social security | 45 | €21,596 | €16,248 | -€5,348 | -24.8% |
| Taxes | 450/3 | €21,596 | €16,248 | -€5,348 | -24.8% |
| Other amounts payable | 47/48 | €305,484 | €303,902 | -€1,582 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,917 | €13,725 | -€192 | -1.4% |
| Other operating charges | 640/8 | €21,080 | €21,435 | +€355 | +1.7% |
| Gross operating margin | 9900 | €94,598 | €129,174 | +€34,577 | +36.6% |
| Operating profit (loss) | 9901 | €59,601 | €94,014 | +€34,413 | +57.7% |
| Financial income | 75/76B | €25,730 | €22,993 | -€2,737 | -10.6% |
| Recurring financial income | 75 | €25,730 | €22,993 | -€2,737 | -10.6% |
| Financial charges | 65/66B | €12,143 | €28,307 | +€16,164 | +133.1% |
| Recurring financial charges | 65 | €12,143 | €28,307 | +€16,164 | +133.1% |
| Profit (loss) for the period before taxes | 9903 | €73,188 | €88,700 | +€15,512 | +21.2% |
| Income taxes | 67/77 | €24,020 | €22,634 | -€1,386 | -5.8% |
| Profit (loss) for the period | 9904 | €49,168 | €66,066 | +€16,897 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,168 | €66,066 | +€16,897 | +34.4% |
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 3 October 2026 via checked.be.