C.S. DESTREE: 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.S. DESTREE
Largest movements
- Receivables within one year +€145,305
up €145,305 (+170%), from €85,340 to €230,645
of which Trade receivables: +€96,278
- Tangible fixed assets -€21,380
down €21,380 (-31.7%), from €67,477 to €46,097
of which Furniture and vehicles: -€19,263
- Cash +€11,334
up €11,334 (+6.7%), from €168,178 to €179,511
mainly Net result for the year (+€129,229) and Depreciation (+€24,404)
- Reserves +€129,229
up €129,229 (+68.0%), from €189,932 to €319,160
of which Distributable reserves: +€109,260
- Debts after one year -€12,000
down €12,000 (-75.0%), from €16,000 to €4,000
- Trade debts +€9,681
up €9,681 (+269%), from €3,596 to €13,277
- Tax, wage and social debts +€9,086
up €9,086 (+28.7%), from €31,624 to €40,710
of which Remuneration and social security: +€11,590
- Accrued charges and deferred income -€5,269
no longer reported in 2025 (was €5,269)
- Gross operating margin +€94,402
up €94,402 (+28.8%), from €327,647 to €422,049
- Taxes +€29,897
up €29,897 (+91.0%), from €32,871 to €62,768
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 | €337,821 | €468,321 | +€130,500 | +38.6% |
| Fixed assets | 21/28 | €72,053 | €50,672 | -€21,380 | -29.7% |
| Tangible fixed assets | 22/27 | €67,477 | €46,097 | -€21,380 | -31.7% |
| Plant, machinery and equipment | 23 | €10,884 | €10,393 | -€491 | -4.5% |
| Furniture and vehicles | 24 | €44,108 | €24,845 | -€19,263 | -43.7% |
| Other tangible fixed assets | 26 | €12,485 | €10,859 | -€1,626 | -13.0% |
| Financial fixed assets | 28 | €4,575 | €4,575 | = | 0.0% |
| Current assets | 29/58 | €265,768 | €417,649 | +€151,880 | +57.1% |
| Stocks and contracts in progress | 3 | €5,120 | €4,990 | -€130 | -2.5% |
| Stocks | 30/36 | €5,120 | €4,990 | -€130 | -2.5% |
| Amounts receivable within one year | 40/41 | €85,340 | €230,645 | +€145,305 | +170% |
| Trade receivables | 40 | €55,840 | €152,119 | +€96,278 | +172% |
| Other amounts receivable | 41 | €29,500 | €78,526 | +€49,027 | +166% |
| Cash at bank and in hand | 54/58 | €168,178 | €179,511 | +€11,334 | +6.7% |
| Deferred charges and accrued income | 490/1 | €7,131 | €2,503 | -€4,628 | -64.9% |
| Total equity and liabilities | 10/49 | €337,821 | €468,321 | +€130,500 | +38.6% |
| Equity | 10/15 | €264,332 | €393,560 | +€129,229 | +48.9% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €189,932 | €319,160 | +€129,229 | +68.0% |
| Tax-exempt reserves | 132 | - | €19,968 | +€19,968 | |
| Distributable reserves | 133 | €189,932 | €299,192 | +€109,260 | +57.5% |
| Amounts payable | 17/49 | €73,489 | €74,761 | +€1,272 | +1.7% |
| Amounts payable after more than one year | 17 | €16,000 | €4,000 | -€12,000 | -75.0% |
| Financial debts | 170/4 | €16,000 | €4,000 | -€12,000 | -75.0% |
| Amounts payable within one year | 42/48 | €52,220 | €70,761 | +€18,541 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €16,774 | -€226 | -1.3% |
| Trade debts | 44 | €3,596 | €13,277 | +€9,681 | +269% |
| Suppliers | 440/4 | €3,596 | €13,277 | +€9,681 | +269% |
| Taxes, remuneration and social security | 45 | €31,624 | €40,710 | +€9,086 | +28.7% |
| Taxes | 450/3 | €26,743 | €24,239 | -€2,504 | -9.4% |
| Remuneration and social security | 454/9 | €4,881 | €16,471 | +€11,590 | +237% |
| Accrued charges and deferred income | 492/3 | €5,269 | - | -€5,269 | |
| Remuneration, social security and pensions | 62 | €206,504 | €205,564 | -€940 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,727 | €24,404 | +€677 | +2.9% |
| Other operating charges | 640/8 | €1,975 | €2,629 | +€654 | +33.1% |
| Gross operating margin | 9900 | €327,647 | €422,049 | +€94,402 | +28.8% |
| Operating profit (loss) | 9901 | €95,441 | €189,452 | +€94,011 | +98.5% |
| Financial income | 75/76B | €4,001 | €3,518 | -€484 | -12.1% |
| Recurring financial income | 75 | €4,001 | €3,518 | -€484 | -12.1% |
| Financial charges | 65/66B | €1,680 | €973 | -€707 | -42.1% |
| Recurring financial charges | 65 | €1,680 | €973 | -€707 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €97,762 | €191,997 | +€94,235 | +96.4% |
| Income taxes | 67/77 | €32,871 | €62,768 | +€29,897 | +91.0% |
| Profit (loss) for the period | 9904 | €64,891 | €129,229 | +€64,338 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,891 | €129,229 | +€64,338 | +99.1% |
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 25 October 2026 via checked.be.