C. DESSEILLE: 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.
C. DESSEILLE
Largest movements
- Tangible fixed assets -€2.9m
down €2.9m (-78.3%), from €3.7m to €804,979
of which Land and buildings: -€3.0m
- Current investments +€500,000
new in 2025: €500,000
- Cash +€113,431
up €113,431 (+1111.8%), from €10,202 to €123,633
mainly Investment in fixed assets (net) (+€2.9m) and Net result for the year (+€554,599)
- Receivables within one year +€60,851
up €60,851 (+67.7%), from €89,928 to €150,779
of which Other amounts receivable: +€61,966
- Short-term financial debts -€2.1m
no longer reported in 2025 (was €2.1m)
- Profit (loss) carried forward +€1.2m
up €1.2m, from -€848,063 to €370,865
- Reserves -€664,329
down €664,329 (-99.1%), from €670,529 to €6,200
of which Tax-exempt reserves: -€664,329
- Other debts -€416,071
down €416,071 (-93.1%), from €447,059 to €30,988
- Provisions -€309,439
no longer reported in 2025 (was €309,439)
- Gross operating margin +€1.1m
up €1.1m (+2952.5%), from €36,746 to €1.1m
- Depreciation -€92,896
down €92,896 (-79.4%), from €116,926 to €24,031
- Taxes +€36,662
new in 2025: €36,662
- Financial charges -€33,367
down €33,367 (-33.7%), from €98,945 to €65,578
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 | €3,811,087 | €1,580,171 | -€2.2m | -58.5% |
| Fixed assets | 21/28 | €3,707,303 | €804,979 | -€2.9m | -78.3% |
| Tangible fixed assets | 22/27 | €3,707,303 | €804,979 | -€2.9m | -78.3% |
| Land and buildings | 22 | €3,617,925 | €655,835 | -€3.0m | -81.9% |
| Furniture and vehicles | 24 | €89,378 | €149,144 | +€59,765 | +66.9% |
| Current assets | 29/58 | €103,784 | €775,192 | +€671,408 | +646.9% |
| Amounts receivable within one year | 40/41 | €89,928 | €150,779 | +€60,851 | +67.7% |
| Trade receivables | 40 | €1,114 | - | -€1,114 | |
| Other amounts receivable | 41 | €88,813 | €150,779 | +€61,966 | +69.8% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €10,202 | €123,633 | +€113,431 | +1111.8% |
| Deferred charges and accrued income | 490/1 | €3,654 | €779 | -€2,875 | -78.7% |
| Total equity and liabilities | 10/49 | €3,811,087 | €1,580,171 | -€2.2m | -58.5% |
| Equity | 10/15 | €934,466 | €1,489,065 | +€554,599 | +59.3% |
| Contributions | 10/11 | €1,112,000 | €1,112,000 | = | 0.0% |
| Capital | 10 | - | €1,112,000 | +€1.1m | |
| Issued capital | 100 | - | €1,112,000 | +€1.1m | |
| Reserves | 13 | €670,529 | €6,200 | -€664,329 | -99.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €664,329 | - | -€664,329 | |
| Profit (loss) carried forward | 14 | -€848,063 | €370,865 | +€1.2m | |
| Provisions and deferred taxes | 16 | €309,439 | - | -€309,439 | |
| Deferred taxes | 168 | €309,439 | - | -€309,439 | |
| Amounts payable | 17/49 | €2,567,182 | €91,106 | -€2.5m | -96.5% |
| Amounts payable after more than one year | 17 | €6,596 | - | -€6,596 | |
| Financial debts | 170/4 | €6,596 | - | -€6,596 | |
| Amounts payable within one year | 42/48 | €2,560,586 | €91,106 | -€2.5m | -96.4% |
| Current portion of amounts payable after more than one year | 42 | €19,601 | - | -€19,601 | |
| Financial debts | 43 | €2,090,000 | - | -€2.1m | |
| Credit institutions | 430/8 | €2,090,000 | - | -€2.1m | |
| Trade debts | 44 | €3,926 | €23,455 | +€19,529 | +497.5% |
| Suppliers | 440/4 | €3,926 | €23,455 | +€19,529 | +497.5% |
| Taxes, remuneration and social security | 45 | - | €36,662 | +€36,662 | |
| Taxes | 450/3 | - | €36,662 | +€36,662 | |
| Other amounts payable | 47/48 | €447,059 | €30,988 | -€416,071 | -93.1% |
| Non-recurring operating income | 76A | - | €1,219,502 | +€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,926 | €24,031 | -€92,896 | -79.4% |
| Other operating charges | 640/8 | €21,681 | €17,866 | -€3,815 | -17.6% |
| Non-recurring operating charges | 66A | - | €733,348 | +€733,348 | |
| Gross operating margin | 9900 | €36,746 | €1,121,679 | +€1.1m | +2952.5% |
| Operating profit (loss) | 9901 | -€101,861 | €346,435 | +€448,296 | |
| Financial income | 75/76B | €3,051 | €966 | -€2,085 | -68.3% |
| Recurring financial income | 75 | €3,051 | €966 | -€2,085 | -68.3% |
| Financial charges | 65/66B | €98,945 | €65,578 | -€33,367 | -33.7% |
| Recurring financial charges | 65 | €98,945 | €65,578 | -€33,367 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€197,755 | €281,822 | +€479,578 | |
| Transfer from deferred taxes | 780 | €12,703 | €309,439 | +€296,736 | +2336.0% |
| Income taxes | 67/77 | - | €36,662 | +€36,662 | |
| Profit (loss) for the period | 9904 | -€185,052 | €554,599 | +€739,651 | |
| Transfer from tax-exempt reserves | 789 | €38,109 | €664,329 | +€626,221 | +1643.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,944 | €1,218,928 | +€1.4m |
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 10 October 2026 via checked.be.