DEURA: 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.
DEURA
Largest movements
- Receivables within one year +€88,853
up €88,853 (+416%), from €21,366 to €110,219
of which Trade receivables: +€66,027
- Stocks and contracts +€36,359
up €36,359 (+559%), from €6,500 to €42,859
of which Contracts in progress: +€20,359
- Cash -€18,713
down €18,713 (-19.6%), from €95,561 to €76,848
mainly Receivables within one year (-€88,853) and Stocks and contracts (-€36,359)
- Tangible fixed assets +€17,237
up €17,237 (+660%), from €2,610 to €19,847
of which Furniture and vehicles: +€14,335
- Accrued charges and deferred income +€67,333
up €67,333 (+395%), from €17,068 to €84,401
- Reserves +€54,834
up €54,834 (+61.5%), from €89,218 to €144,052
- Gross operating margin -€34,865
down €34,865 (-29.5%), from €118,084 to €83,219
- Taxes -€7,809
down €7,809 (-31.5%), from €24,763 to €16,954
- Depreciation +€3,414
up €3,414 (+1,118%), from €305 to €3,719
- Staff costs +€2,201
up €2,201 (+68.9%), from €3,194 to €5,395
- Other operating charges +€1,482
up €1,482 (+375%), from €395 to €1,877
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 | €126,913 | €250,425 | +€123,512 | +97.3% |
| Fixed assets | 21/28 | €2,610 | €19,847 | +€17,237 | +660% |
| Tangible fixed assets | 22/27 | €2,610 | €19,847 | +€17,237 | +660% |
| Plant, machinery and equipment | 23 | €1,368 | €4,269 | +€2,902 | +212% |
| Furniture and vehicles | 24 | €1,243 | €15,578 | +€14,335 | +1,154% |
| Current assets | 29/58 | €124,303 | €230,578 | +€106,275 | +85.5% |
| Stocks and contracts in progress | 3 | €6,500 | €42,859 | +€36,359 | +559% |
| Stocks | 30/36 | €6,500 | €22,501 | +€16,001 | +246% |
| Contracts in progress | 37 | - | €20,359 | +€20,359 | |
| Amounts receivable within one year | 40/41 | €21,366 | €110,219 | +€88,853 | +416% |
| Trade receivables | 40 | €11,300 | €77,326 | +€66,027 | +584% |
| Other amounts receivable | 41 | €10,066 | €32,893 | +€22,826 | +227% |
| Cash at bank and in hand | 54/58 | €95,561 | €76,848 | -€18,713 | -19.6% |
| Deferred charges and accrued income | 490/1 | €875 | €652 | -€224 | -25.5% |
| Total equity and liabilities | 10/49 | €126,913 | €250,425 | +€123,512 | +97.3% |
| Equity | 10/15 | €99,218 | €154,052 | +€54,834 | +55.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €89,218 | €144,052 | +€54,834 | +61.5% |
| Distributable reserves | 133 | €89,218 | €144,052 | +€54,834 | +61.5% |
| Amounts payable | 17/49 | €27,696 | €96,374 | +€68,678 | +248% |
| Amounts payable within one year | 42/48 | €10,628 | €11,973 | +€1,345 | +12.7% |
| Trade debts | 44 | €3,530 | €4,677 | +€1,146 | +32.5% |
| Suppliers | 440/4 | €3,530 | €4,677 | +€1,146 | +32.5% |
| Taxes, remuneration and social security | 45 | €5,606 | €7,296 | +€1,691 | +30.2% |
| Taxes | 450/3 | €5,606 | €7,296 | +€1,691 | +30.2% |
| Other amounts payable | 47/48 | €1,492 | - | -€1,492 | |
| Accrued charges and deferred income | 492/3 | €17,068 | €84,401 | +€67,333 | +395% |
| Remuneration, social security and pensions | 62 | €3,194 | €5,395 | +€2,201 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €3,719 | +€3,414 | +1,118% |
| Other operating charges | 640/8 | €395 | €1,877 | +€1,482 | +375% |
| Gross operating margin | 9900 | €118,084 | €83,219 | -€34,865 | -29.5% |
| Operating profit (loss) | 9901 | €114,189 | €72,228 | -€41,961 | -36.7% |
| Financial income | 75/76B | €1 | €22 | +€21 | +3,411% |
| Recurring financial income | 75 | €1 | €22 | +€21 | +3,411% |
| Financial charges | 65/66B | €210 | €462 | +€253 | +121% |
| Recurring financial charges | 65 | €210 | €462 | +€253 | +121% |
| Profit (loss) for the period before taxes | 9903 | €113,980 | €71,788 | -€42,193 | -37.0% |
| Income taxes | 67/77 | €24,763 | €16,954 | -€7,809 | -31.5% |
| Profit (loss) for the period | 9904 | €89,218 | €54,834 | -€34,383 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,218 | €54,834 | -€34,383 | -38.5% |
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 24 October 2026 via checked.be.