B. DESH: 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.
B. DESH
Largest movements
- Cash +€37,251
up €37,251 (+38.4%), from €96,998 to €134,249
mainly Trade debts (+€63,201) and Net result for the year (+€37,671)
- Stocks and contracts +€24,619
up €24,619 (+16.6%), from €148,518 to €173,137
- Receivables within one year -€19,390
down €19,390 (-33.9%), from €57,156 to €37,766
of which Other amounts receivable: -€48,792
- Tangible fixed assets -€6,553
down €6,553 (-16.1%), from €40,763 to €34,211
of which Furniture and vehicles: -€9,409
- Other debts -€79,911
down €79,911 (-53.1%), from €150,580 to €70,668
- Trade debts +€63,201
up €63,201 (+40.0%), from €158,122 to €221,323
- Profit (loss) carried forward +€25,297
no longer reported in 2025 (was -€25,297)
- Tax, wage and social debts +€14,985
up €14,985 (+37.0%), from €40,541 to €55,526
of which Remuneration and social security: +€14,475
- Reserves +€12,375
up €12,375 (+665.3%), from €1,860 to €14,235
- Gross operating margin +€149,570
up €149,570 (+69.3%), from €215,838 to €365,409
- Staff costs +€117,733
up €117,733 (+63.1%), from €186,507 to €304,240
- Depreciation +€4,401
up €4,401 (+81.2%), from €5,423 to €9,825
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 | €344,406 | €380,352 | +€35,947 | +10.4% |
| Fixed assets | 21/28 | €40,763 | €34,211 | -€6,553 | -16.1% |
| Tangible fixed assets | 22/27 | €40,763 | €34,211 | -€6,553 | -16.1% |
| Furniture and vehicles | 24 | €40,763 | €31,354 | -€9,409 | -23.1% |
| Other tangible fixed assets | 26 | - | €2,856 | +€2,856 | |
| Current assets | 29/58 | €303,643 | €346,142 | +€42,499 | +14.0% |
| Stocks and contracts in progress | 3 | €148,518 | €173,137 | +€24,619 | +16.6% |
| Stocks | 30/36 | €148,518 | €173,137 | +€24,619 | +16.6% |
| Amounts receivable within one year | 40/41 | €57,156 | €37,766 | -€19,390 | -33.9% |
| Trade receivables | 40 | €5,000 | €34,402 | +€29,402 | +588.0% |
| Other amounts receivable | 41 | €52,155 | €3,363 | -€48,792 | -93.6% |
| Cash at bank and in hand | 54/58 | €96,998 | €134,249 | +€37,251 | +38.4% |
| Deferred charges and accrued income | 490/1 | €971 | €990 | +€19 | +1.9% |
| Total equity and liabilities | 10/49 | €344,406 | €380,352 | +€35,947 | +10.4% |
| Equity | 10/15 | -€4,837 | €32,835 | +€37,671 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €14,235 | +€12,375 | +665.3% |
| Distributable reserves | 133 | €1,860 | €14,235 | +€12,375 | +665.3% |
| Profit (loss) carried forward | 14 | -€25,297 | - | +€25,297 | |
| Amounts payable | 17/49 | €349,242 | €347,518 | -€1,725 | -0.5% |
| Amounts payable within one year | 42/48 | €349,242 | €347,518 | -€1,725 | -0.5% |
| Trade debts | 44 | €158,122 | €221,323 | +€63,201 | +40.0% |
| Suppliers | 440/4 | €158,122 | €221,323 | +€63,201 | +40.0% |
| Taxes, remuneration and social security | 45 | €40,541 | €55,526 | +€14,985 | +37.0% |
| Taxes | 450/3 | €9,429 | €9,940 | +€511 | +5.4% |
| Remuneration and social security | 454/9 | €31,112 | €45,587 | +€14,475 | +46.5% |
| Other amounts payable | 47/48 | €150,580 | €70,668 | -€79,911 | -53.1% |
| Non-recurring operating income | 76A | €499 | €1,015 | +€516 | +103.3% |
| Remuneration, social security and pensions | 62 | €186,507 | €304,240 | +€117,733 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,423 | €9,825 | +€4,401 | +81.2% |
| Other operating charges | 640/8 | €2,161 | €1,257 | -€905 | -41.9% |
| Gross operating margin | 9900 | €215,838 | €365,409 | +€149,570 | +69.3% |
| Operating profit (loss) | 9901 | €21,747 | €50,088 | +€28,341 | +130.3% |
| Financial income | 75/76B | €7 | €17 | +€10 | +148.3% |
| Recurring financial income | 75 | €0 | €17 | +€16 | +6779.2% |
| Non-recurring financial income | 76B | €6 | - | -€6 | |
| Financial charges | 65/66B | €3,114 | €3,207 | +€93 | +3.0% |
| Recurring financial charges | 65 | €3,114 | €3,207 | +€93 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €18,640 | €46,897 | +€28,258 | +151.6% |
| Income taxes | 67/77 | €5,747 | €9,226 | +€3,479 | +60.5% |
| Profit (loss) for the period | 9904 | €12,892 | €37,671 | +€24,779 | +192.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,892 | €37,671 | +€24,779 | +192.2% |
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.