J. Deraedt: what changed
J. Deraedt
Largest movements
- Receivables within one year +€56,667
up €56,667 (+68.7%), from €82,544 to €139,211
of which Other amounts receivable: +€36,173
- Tangible fixed assets -€28,595
down €28,595 (-20.6%), from €138,921 to €110,326
of which Leasing and similar rights: -€19,400
- Cash -€6,855
down €6,855 (-32.4%), from €21,168 to €14,314
mainly Receivables within one year (-€56,667) and Debts after one year (-€23,020)
- Reserves +€44,710
up €44,710 (+56.4%), from €79,204 to €123,914
- Debts after one year -€23,020
down €23,020 (-23.8%), from €96,807 to €73,787
- Trade debts -€9,546
down €9,546 (-52.3%), from €18,266 to €8,720
- Tax, wage and social debts +€7,531
up €7,531 (+40.2%), from €18,739 to €26,269
of which Remuneration and social security: +€5,500
- Gross operating margin +€13,596
up €13,596 (+15.6%), from €87,091 to €100,686
- Depreciation +€6,881
up €6,881 (+25.7%), from €26,740 to €33,622
- Taxes +€2,026
up €2,026 (+12.7%), from €15,989 to €18,014
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 | €245,147 | €265,710 | +€20,563 | +8.4% |
| Fixed assets | 21/28 | €138,921 | €110,326 | -€28,595 | -20.6% |
| Tangible fixed assets | 22/27 | €138,921 | €110,326 | -€28,595 | -20.6% |
| Plant, machinery and equipment | 23 | €5,660 | €5,890 | +€229 | +4.1% |
| Furniture and vehicles | 24 | €56,564 | €47,140 | -€9,424 | -16.7% |
| Leasing and similar rights | 25 | €76,696 | €57,296 | -€19,400 | -25.3% |
| Current assets | 29/58 | €106,226 | €155,385 | +€49,158 | +46.3% |
| Amounts receivable within one year | 40/41 | €82,544 | €139,211 | +€56,667 | +68.7% |
| Trade receivables | 40 | €37,365 | €57,859 | +€20,494 | +54.8% |
| Other amounts receivable | 41 | €45,180 | €81,353 | +€36,173 | +80.1% |
| Cash at bank and in hand | 54/58 | €21,168 | €14,314 | -€6,855 | -32.4% |
| Deferred charges and accrued income | 490/1 | €2,514 | €1,860 | -€654 | -26.0% |
| Total equity and liabilities | 10/49 | €245,147 | €265,710 | +€20,563 | +8.4% |
| Equity | 10/15 | €89,204 | €133,914 | +€44,710 | +50.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €79,204 | €123,914 | +€44,710 | +56.4% |
| Distributable reserves | 133 | €79,204 | €123,914 | +€44,710 | +56.4% |
| Amounts payable | 17/49 | €155,943 | €131,796 | -€24,147 | -15.5% |
| Amounts payable after more than one year | 17 | €96,807 | €73,787 | -€23,020 | -23.8% |
| Financial debts | 170/4 | €96,807 | €73,787 | -€23,020 | -23.8% |
| Amounts payable within one year | 42/48 | €59,136 | €58,009 | -€1,127 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €22,131 | €23,020 | +€889 | +4.0% |
| Trade debts | 44 | €18,266 | €8,720 | -€9,546 | -52.3% |
| Suppliers | 440/4 | €18,266 | €8,720 | -€9,546 | -52.3% |
| Taxes, remuneration and social security | 45 | €18,739 | €26,269 | +€7,531 | +40.2% |
| Taxes | 450/3 | €15,989 | €18,019 | +€2,031 | +12.7% |
| Remuneration and social security | 454/9 | €2,750 | €8,250 | +€5,500 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,740 | €33,622 | +€6,881 | +25.7% |
| Other operating charges | 640/8 | €1,885 | €1,754 | -€131 | -7.0% |
| Gross operating margin | 9900 | €87,091 | €100,686 | +€13,596 | +15.6% |
| Operating profit (loss) | 9901 | €58,465 | €65,311 | +€6,846 | +11.7% |
| Financial income | 75/76B | €3,587 | €3,154 | -€433 | -12.1% |
| Recurring financial income | 75 | €3,587 | €3,154 | -€433 | -12.1% |
| Financial charges | 65/66B | €5,859 | €5,740 | -€119 | -2.0% |
| Recurring financial charges | 65 | €5,859 | €5,740 | -€119 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €56,193 | €62,724 | +€6,532 | +11.6% |
| Income taxes | 67/77 | €15,989 | €18,014 | +€2,026 | +12.7% |
| Profit (loss) for the period | 9904 | €40,204 | €44,710 | +€4,506 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,204 | €44,710 | +€4,506 | +11.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.