D.E.S. MANAGEMENT: what changed
Two fiscal 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.
D.E.S. MANAGEMENT
Largest movements
- Receivables within one year -€54,001
down €54,001 (-42.6%), from €126,837 to €72,836
of which Other amounts receivable: -€54,001
- Tangible fixed assets -€19,299
down €19,299 (-3.6%), from €535,506 to €516,207
of which Land and buildings: -€17,551
- Cash +€10,176
up €10,176 (+86.6%), from €11,756 to €21,932
mainly Net result for the year (+€130,770) and Receivables within one year (+€54,001)
- Debts after one year -€113,574
down €113,574 (-22.7%), from €500,332 to €386,759
- Current portion of long-term debt +€51,149
up €51,149 (+271.3%), from €18,851 to €70,001
- Other debts -€34,403
down €34,403 (-100.0%), from €34,403 to €0
- Tax, wage and social debts +€18,480
up €18,480 (+59.8%), from €30,910 to €49,390
of which Taxes: +€13,383
- Profit (loss) carried forward +€10,770
up €10,770 (+124.8%), from €8,629 to €19,399
- Turnover -€288,811
no longer reported in 2025 (was €288,811)
- Purchases and services -€114,777
no longer reported in 2025 (was €114,777)
- Depreciation -€39,690
down €39,690 (-65.9%), from €60,229 to €20,539
- Gross operating margin +€29,916
up €29,916 (+16.8%), from €177,663 to €207,579
- Taxes +€14,563
up €14,563 (+58.3%), from €24,962 to €39,526
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 | €674,099 | €610,974 | -€63,125 | -9.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €535,506 | €516,207 | -€19,299 | -3.6% |
| Tangible fixed assets | 22/27 | €535,506 | €516,207 | -€19,299 | -3.6% |
| Land and buildings | 22 | €529,387 | €511,836 | -€17,551 | -3.3% |
| Plant, machinery and equipment | 23 | €3,321 | €2,153 | -€1,169 | -35.2% |
| Furniture and vehicles | 24 | €2,798 | €2,218 | -€580 | -20.7% |
| Current assets | 29/58 | €138,592 | €94,767 | -€43,825 | -31.6% |
| Amounts receivable within one year | 40/41 | €126,837 | €72,836 | -€54,001 | -42.6% |
| Trade receivables | 40 | €52,000 | €52,000 | = | 0.0% |
| Other amounts receivable | 41 | €74,837 | €20,836 | -€54,001 | -72.2% |
| Cash at bank and in hand | 54/58 | €11,756 | €21,932 | +€10,176 | +86.6% |
| Total equity and liabilities | 10/49 | €674,099 | €610,974 | -€63,125 | -9.4% |
| Equity | 10/15 | €29,089 | €39,859 | +€10,770 | +37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,629 | €19,399 | +€10,770 | +124.8% |
| Amounts payable | 17/49 | €645,010 | €571,116 | -€73,894 | -11.5% |
| Amounts payable after more than one year | 17 | €500,332 | €386,759 | -€113,574 | -22.7% |
| Financial debts | 170/4 | €500,332 | €386,759 | -€113,574 | -22.7% |
| Amounts payable within one year | 42/48 | €144,678 | €184,357 | +€39,679 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €18,851 | €70,001 | +€51,149 | +271.3% |
| Trade debts | 44 | €60,513 | €64,966 | +€4,453 | +7.4% |
| Suppliers | 440/4 | €60,513 | €64,966 | +€4,453 | +7.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,910 | €49,390 | +€18,480 | +59.8% |
| Taxes | 450/3 | €30,910 | €44,293 | +€13,383 | +43.3% |
| Remuneration and social security | 454/9 | €0 | €5,097 | +€5,097 | |
| Other amounts payable | 47/48 | €34,403 | €0 | -€34,403 | -100.0% |
| Turnover | 70 | €288,811 | - | -€288,811 | |
| Goods, raw materials, services and sundry goods | 60/61 | €114,777 | - | -€114,777 | |
| Remuneration, social security and pensions | 62 | - | €772 | +€772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,229 | €20,539 | -€39,690 | -65.9% |
| Other operating charges | 640/8 | €1,266 | €3,067 | +€1,800 | +142.2% |
| Gross operating margin | 9900 | €177,663 | €207,579 | +€29,916 | +16.8% |
| Operating profit (loss) | 9901 | €116,168 | €183,202 | +€67,034 | +57.7% |
| Financial charges | 65/66B | €2,992 | €12,906 | +€9,914 | +331.4% |
| Recurring financial charges | 65 | €2,992 | €12,906 | +€9,914 | +331.4% |
| Profit (loss) for the period before taxes | 9903 | €113,176 | €170,296 | +€57,120 | +50.5% |
| Income taxes | 67/77 | €24,962 | €39,526 | +€14,563 | +58.3% |
| Profit (loss) for the period | 9904 | €88,213 | €130,770 | +€42,557 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,213 | €130,770 | +€42,557 | +48.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.