DERMAUT: 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.
DERMAUT
Largest movements
- Cash +€299,769
up €299,769 (+88.9%), from €337,210 to €636,979
mainly Net result for the year (+€179,419) and Receivables within one year (+€174,145)
- Receivables within one year -€174,145
down €174,145 (-59.9%), from €290,599 to €116,453
of which Other amounts receivable: -€97,734
- Stocks and contracts +€121,000
up €121,000 (+5,149%), from €2,350 to €123,350
of which Contracts in progress: +€121,000
- Tangible fixed assets -€102,683
down €102,683 (-33.9%), from €302,979 to €200,297
- Other debts +€90,000
up €90,000 (+148%), from €60,892 to €150,892
- Accrued charges and deferred income +€70,000
up €70,000 (+99.3%), from €70,500 to €140,500
- Trade debts +€53,028
up €53,028 (+25.3%), from €209,982 to €263,010
- Current portion of long-term debt -€48,559
no longer reported in 2026 (was €48,559)
- Reserves -€19,209
down €19,209 (-3.9%), from €486,865 to €467,656
of which Distributable reserves: -€19,209
- Gross operating margin +€108,501
up €108,501 (+28.9%), from €376,079 to €484,580
- Depreciation +€29,205
up €29,205 (+34.0%), from €85,867 to €115,072
- Staff costs -€27,371
down €27,371 (-15.7%), from €174,259 to €146,888
- Other operating charges +€18,943
up €18,943 (+250%), from €7,587 to €26,529
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €952,233 | €1,099,253 | +€147,020 | +15.4% |
| Fixed assets | 21/28 | €311,631 | €209,510 | -€102,121 | -32.8% |
| Tangible fixed assets | 22/27 | €302,979 | €200,297 | -€102,683 | -33.9% |
| Plant, machinery and equipment | 23 | €185,818 | €145,961 | -€39,857 | -21.4% |
| Furniture and vehicles | 24 | €68,361 | €53,200 | -€15,161 | -22.2% |
| Leasing and similar rights | 25 | €48,800 | €1,135 | -€47,665 | -97.7% |
| Financial fixed assets | 28 | €8,652 | €9,214 | +€562 | +6.5% |
| Current assets | 29/58 | €640,601 | €889,742 | +€249,141 | +38.9% |
| Stocks and contracts in progress | 3 | €2,350 | €123,350 | +€121,000 | +5,149% |
| Stocks | 30/36 | €2,350 | €2,350 | = | 0.0% |
| Contracts in progress | 37 | - | €121,000 | +€121,000 | |
| Amounts receivable within one year | 40/41 | €290,599 | €116,453 | -€174,145 | -59.9% |
| Trade receivables | 40 | €141,818 | €65,408 | -€76,411 | -53.9% |
| Other amounts receivable | 41 | €148,780 | €51,046 | -€97,734 | -65.7% |
| Cash at bank and in hand | 54/58 | €337,210 | €636,979 | +€299,769 | +88.9% |
| Deferred charges and accrued income | 490/1 | €10,442 | €12,960 | +€2,517 | +24.1% |
| Total equity and liabilities | 10/49 | €952,233 | €1,099,253 | +€147,020 | +15.4% |
| Equity | 10/15 | €548,865 | €529,656 | -€19,209 | -3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €486,865 | €467,656 | -€19,209 | -3.9% |
| Non-distributable reserves | 130/1 | €19,697 | €19,697 | = | 0.0% |
| Legal reserve | 130 | €19,697 | €19,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,602 | €27,602 | = | 0.0% |
| Distributable reserves | 133 | €439,566 | €420,357 | -€19,209 | -4.4% |
| Amounts payable | 17/49 | €403,368 | €569,597 | +€166,229 | +41.2% |
| Amounts payable within one year | 42/48 | €332,868 | €429,097 | +€96,229 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €48,559 | - | -€48,559 | |
| Trade debts | 44 | €209,982 | €263,010 | +€53,028 | +25.3% |
| Suppliers | 440/4 | €209,982 | €263,010 | +€53,028 | +25.3% |
| Taxes, remuneration and social security | 45 | €13,435 | €15,195 | +€1,760 | +13.1% |
| Taxes | 450/3 | €5,090 | €5,427 | +€337 | +6.6% |
| Remuneration and social security | 454/9 | €8,346 | €9,768 | +€1,422 | +17.0% |
| Other amounts payable | 47/48 | €60,892 | €150,892 | +€90,000 | +148% |
| Accrued charges and deferred income | 492/3 | €70,500 | €140,500 | +€70,000 | +99.3% |
| Non-recurring operating income | 76A | €87,500 | - | -€87,500 | |
| Remuneration, social security and pensions | 62 | €174,259 | €146,888 | -€27,371 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,867 | €115,072 | +€29,205 | +34.0% |
| Other operating charges | 640/8 | €7,587 | €26,529 | +€18,943 | +250% |
| Non-recurring operating charges | 66A | €7,403 | - | -€7,403 | |
| Gross operating margin | 9900 | €376,079 | €484,580 | +€108,501 | +28.9% |
| Operating profit (loss) | 9901 | €100,964 | €196,091 | +€95,128 | +94.2% |
| Financial income | 75/76B | €2,565 | €2,343 | -€222 | -8.7% |
| Recurring financial income | 75 | €2,565 | €2,343 | -€222 | -8.7% |
| Financial charges | 65/66B | €3,287 | €3,712 | +€425 | +12.9% |
| Recurring financial charges | 65 | €3,287 | €3,712 | +€425 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €100,241 | €194,722 | +€94,481 | +94.3% |
| Income taxes | 67/77 | €10,475 | €15,303 | +€4,827 | +46.1% |
| Profit (loss) for the period | 9904 | €89,766 | €179,419 | +€89,653 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,766 | €179,419 | +€89,653 | +99.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.