J. DERUWE SERVICES: 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.
J. DERUWE SERVICES
Largest movements
- Tangible fixed assets -€16,722
down €16,722 (-3.5%), from €477,602 to €460,879
of which Leasing and similar rights: -€29,432
- Cash -€7,470
down €7,470 (-45.6%), from €16,388 to €8,918
mainly Debts after one year (-€21,350) and Investment in fixed assets (net) (-€16,112)
- Debts after one year -€21,350
down €21,350 (-4.9%), from €439,217 to €417,867
- Gross operating margin -€5,045
down €5,045 (-10.2%), from €49,401 to €44,355
- Other operating charges -€1,072
down €1,072 (-64.7%), from €1,657 to €585
- Depreciation +€1,040
up €1,040 (+3.3%), from €31,794 to €32,834
- Taxes +€730
up €730 (+24.1%), from €3,036 to €3,766
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 | €507,550 | €486,572 | -€20,978 | -4.1% |
| Fixed assets | 21/28 | €477,602 | €460,879 | -€16,722 | -3.5% |
| Tangible fixed assets | 22/27 | €477,602 | €460,879 | -€16,722 | -3.5% |
| Plant, machinery and equipment | 23 | €3,557 | €2,895 | -€663 | -18.6% |
| Furniture and vehicles | 24 | €4,551 | €2,475 | -€2,076 | -45.6% |
| Leasing and similar rights | 25 | €459,258 | €429,826 | -€29,432 | -6.4% |
| Other tangible fixed assets | 26 | €10,236 | €25,684 | +€15,448 | +151% |
| Current assets | 29/58 | €29,949 | €25,693 | -€4,256 | -14.2% |
| Amounts receivable within one year | 40/41 | €13,516 | €16,547 | +€3,031 | +22.4% |
| Trade receivables | 40 | €12,552 | €15,583 | +€3,031 | +24.1% |
| Other amounts receivable | 41 | €964 | €964 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,388 | €8,918 | -€7,470 | -45.6% |
| Deferred charges and accrued income | 490/1 | €44 | €228 | +€183 | +413% |
| Total equity and liabilities | 10/49 | €507,550 | €486,572 | -€20,978 | -4.1% |
| Equity | 10/15 | €35,393 | €32,717 | -€2,676 | -7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,618 | €42,618 | = | 0.0% |
| Distributable reserves | 133 | €42,618 | €42,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,225 | -€14,901 | -€2,676 | -21.9% |
| Amounts payable | 17/49 | €472,157 | €453,855 | -€18,302 | -3.9% |
| Amounts payable after more than one year | 17 | €439,217 | €417,867 | -€21,350 | -4.9% |
| Financial debts | 170/4 | €439,217 | €417,867 | -€21,350 | -4.9% |
| Amounts payable within one year | 42/48 | €32,940 | €35,988 | +€3,048 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €23,686 | €21,059 | -€2,627 | -11.1% |
| Trade debts | 44 | €690 | €1,582 | +€892 | +129% |
| Suppliers | 440/4 | €690 | €1,582 | +€892 | +129% |
| Taxes, remuneration and social security | 45 | €7,219 | €12,081 | +€4,861 | +67.3% |
| Taxes | 450/3 | €7,219 | €12,081 | +€4,861 | +67.3% |
| Other amounts payable | 47/48 | €1,345 | €1,266 | -€79 | -5.9% |
| Non-recurring operating income | 76A | - | €459 | +€459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,794 | €32,834 | +€1,040 | +3.3% |
| Other operating charges | 640/8 | €1,657 | €585 | -€1,072 | -64.7% |
| Gross operating margin | 9900 | €49,401 | €44,355 | -€5,045 | -10.2% |
| Operating profit (loss) | 9901 | €15,949 | €10,936 | -€5,013 | -31.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €10,000 | €9,846 | -€153 | -1.5% |
| Recurring financial charges | 65 | €10,000 | €9,846 | -€153 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €5,949 | €1,090 | -€4,860 | -81.7% |
| Income taxes | 67/77 | €3,036 | €3,766 | +€730 | +24.1% |
| Profit (loss) for the period | 9904 | €2,914 | -€2,676 | -€5,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,914 | -€2,676 | -€5,590 |
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 22 October 2026 via checked.be.