N.V. Derm: 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.
N.V. Derm
Largest movements
- Current investments +€30,324
up €30,324 (+134.8%), from €22,500 to €52,824
- Tangible fixed assets +€25,289
up €25,289 (+96.8%), from €26,127 to €51,416
of which Leasing and similar rights: +€31,453
- Receivables within one year +€6,245
up €6,245 (+96.0%), from €6,507 to €12,751
of which Other amounts receivable: +€3,914
- Other debts +€83,908
up €83,908 (+2142.7%), from €3,916 to €87,824
- Tax, wage and social debts -€25,295
down €25,295 (-92.0%), from €27,495 to €2,200
- Profit (loss) carried forward -€22,577
down €22,577 (-46.4%), from €48,612 to €26,035
- Debts after one year +€16,776
up €16,776 (+76.5%), from €21,932 to €38,708
- Current portion of long-term debt +€6,511
up €6,511 (+95.8%), from €6,797 to €13,308
- Gross operating margin +€13,435
up €13,435 (+15.4%), from €87,024 to €100,459
- Staff costs -€8,301
no longer reported in 2025 (was €8,301)
- Depreciation +€7,322
up €7,322 (+98.9%), from €7,401 to €14,723
- Financial charges -€3,038
down €3,038 (-27.9%), from €10,887 to €7,848
of which Non-recurring financial charges: -€4,693
- Taxes +€2,166
up €2,166 (+15.4%), from €14,058 to €16,224
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 | €172,604 | €232,580 | +€59,976 | +34.7% |
| Fixed assets | 21/28 | €26,127 | €51,416 | +€25,289 | +96.8% |
| Tangible fixed assets | 22/27 | €26,127 | €51,416 | +€25,289 | +96.8% |
| Plant, machinery and equipment | 23 | €19,482 | €13,294 | -€6,188 | -31.8% |
| Furniture and vehicles | 24 | €1,854 | €3,305 | +€1,451 | +78.2% |
| Leasing and similar rights | 25 | - | €31,453 | +€31,453 | |
| Other tangible fixed assets | 26 | €4,790 | €3,364 | -€1,426 | -29.8% |
| Current assets | 29/58 | €146,477 | €181,163 | +€34,686 | +23.7% |
| Amounts receivable after more than one year | 29 | €53,000 | €53,000 | = | 0.0% |
| Other amounts receivable | 291 | €53,000 | €53,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,507 | €12,751 | +€6,245 | +96.0% |
| Trade receivables | 40 | €524 | €2,854 | +€2,330 | +445.0% |
| Other amounts receivable | 41 | €5,983 | €9,897 | +€3,914 | +65.4% |
| Current investments | 50/53 | €22,500 | €52,824 | +€30,324 | +134.8% |
| Cash at bank and in hand | 54/58 | €57,241 | €56,586 | -€655 | -1.1% |
| Deferred charges and accrued income | 490/1 | €7,230 | €6,002 | -€1,228 | -17.0% |
| Total equity and liabilities | 10/49 | €172,604 | €232,580 | +€59,976 | +34.7% |
| Equity | 10/15 | €109,577 | €87,001 | -€22,577 | -20.6% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €60,955 | €60,955 | = | 0.0% |
| Distributable reserves | 133 | €60,955 | €60,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,612 | €26,035 | -€22,577 | -46.4% |
| Amounts payable | 17/49 | €63,027 | €145,579 | +€82,552 | +131.0% |
| Amounts payable after more than one year | 17 | €21,932 | €38,708 | +€16,776 | +76.5% |
| Financial debts | 170/4 | €21,932 | €38,708 | +€16,776 | +76.5% |
| Amounts payable within one year | 42/48 | €40,944 | €106,745 | +€65,801 | +160.7% |
| Current portion of amounts payable after more than one year | 42 | €6,797 | €13,308 | +€6,511 | +95.8% |
| Trade debts | 44 | €2,735 | €3,413 | +€678 | +24.8% |
| Suppliers | 440/4 | €2,735 | €3,413 | +€678 | +24.8% |
| Taxes, remuneration and social security | 45 | €27,495 | €2,200 | -€25,295 | -92.0% |
| Taxes | 450/3 | €27,495 | €2,200 | -€25,295 | -92.0% |
| Other amounts payable | 47/48 | €3,916 | €87,824 | +€83,908 | +2142.7% |
| Accrued charges and deferred income | 492/3 | €151 | €126 | -€25 | -16.8% |
| Remuneration, social security and pensions | 62 | €8,301 | - | -€8,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,401 | €14,723 | +€7,322 | +98.9% |
| Other operating charges | 640/8 | €402 | €625 | +€223 | +55.5% |
| Non-recurring operating charges | 66A | - | €1,043 | +€1,043 | |
| Gross operating margin | 9900 | €87,024 | €100,459 | +€13,435 | +15.4% |
| Operating profit (loss) | 9901 | €70,921 | €84,069 | +€13,147 | +18.5% |
| Financial income | 75/76B | €2,635 | €2,427 | -€208 | -7.9% |
| Recurring financial income | 75 | €1,933 | €2,427 | +€494 | +25.5% |
| Non-recurring financial income | 76B | €702 | - | -€702 | |
| Financial charges | 65/66B | €10,887 | €7,848 | -€3,038 | -27.9% |
| Recurring financial charges | 65 | €5,331 | €6,986 | +€1,655 | +31.0% |
| Non-recurring financial charges | 66B | €5,556 | €862 | -€4,693 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €62,670 | €78,647 | +€15,978 | +25.5% |
| Income taxes | 67/77 | €14,058 | €16,224 | +€2,166 | +15.4% |
| Profit (loss) for the period | 9904 | €48,612 | €62,423 | +€13,812 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,612 | €62,423 | +€13,812 | +28.4% |
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 9 October 2026 via checked.be.