Deester: 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.
Deester
Largest movements
- Tangible fixed assets +€168,351
up €168,351 (+717%), from €23,464 to €191,815
of which Land and buildings: +€178,805
- Cash -€33,355
down €33,355 (-81.6%), from €40,899 to €7,544
mainly Investment in fixed assets (net) (-€197,663) and Receivables within one year (-€10,462)
- Receivables within one year +€10,462
up €10,462 (+89.6%), from €11,680 to €22,141
of which Trade receivables: +€10,695
- Stocks and contracts +€8,350
up €8,350 (+19.8%), from €42,150 to €50,500
- Debts after one year +€162,581
up €162,581 (+7,602%), from €2,139 to €164,719
- Other debts -€8,200
down €8,200 (-41.2%), from €19,883 to €11,683
- Profit (loss) carried forward -€7,757
down €7,757 (-11.9%), from €65,313 to €57,556
- Current portion of long-term debt +€7,457
up €7,457 (+188%), from €3,972 to €11,429
- Trade debts -€7,078
down €7,078 (-77.5%), from €9,137 to €2,059
- Gross operating margin -€21,991
down €21,991 (-42.6%), from €51,633 to €29,642
- Depreciation +€20,074
up €20,074 (+217%), from €9,239 to €29,313
- Taxes -€7,664
down €7,664 (-96.4%), from €7,953 to €289
- Financial charges +€3,337
up €3,337 (+190%), from €1,754 to €5,091
- Other operating charges +€1,164
up €1,164 (+64.2%), from €1,815 to €2,980
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 | €118,523 | €272,000 | +€153,477 | +129% |
| Fixed assets | 21/28 | €23,464 | €191,815 | +€168,351 | +717% |
| Tangible fixed assets | 22/27 | €23,464 | €191,815 | +€168,351 | +717% |
| Land and buildings | 22 | €6,468 | €185,273 | +€178,805 | +2,764% |
| Plant, machinery and equipment | 23 | €1,272 | €975 | -€298 | -23.4% |
| Furniture and vehicles | 24 | €15,724 | €5,567 | -€10,157 | -64.6% |
| Current assets | 29/58 | €95,058 | €80,185 | -€14,873 | -15.6% |
| Stocks and contracts in progress | 3 | €42,150 | €50,500 | +€8,350 | +19.8% |
| Stocks | 30/36 | €42,150 | €50,500 | +€8,350 | +19.8% |
| Amounts receivable within one year | 40/41 | €11,680 | €22,141 | +€10,462 | +89.6% |
| Trade receivables | 40 | €11,447 | €22,141 | +€10,695 | +93.4% |
| Other amounts receivable | 41 | €233 | - | -€233 | |
| Cash at bank and in hand | 54/58 | €40,899 | €7,544 | -€33,355 | -81.6% |
| Deferred charges and accrued income | 490/1 | €330 | - | -€330 | |
| Total equity and liabilities | 10/49 | €118,523 | €272,000 | +€153,477 | +129% |
| Equity | 10/15 | €70,313 | €62,556 | -€7,757 | -11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,313 | €57,556 | -€7,757 | -11.9% |
| Amounts payable | 17/49 | €48,209 | €209,444 | +€161,235 | +334% |
| Amounts payable after more than one year | 17 | €2,139 | €164,719 | +€162,581 | +7,602% |
| Financial debts | 170/4 | €2,139 | €164,719 | +€162,581 | +7,602% |
| Amounts payable within one year | 42/48 | €46,070 | €44,724 | -€1,346 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €3,972 | €11,429 | +€7,457 | +188% |
| Trade debts | 44 | €9,137 | €2,059 | -€7,078 | -77.5% |
| Suppliers | 440/4 | €9,137 | €2,059 | -€7,078 | -77.5% |
| Taxes, remuneration and social security | 45 | €13,079 | €19,553 | +€6,474 | +49.5% |
| Taxes | 450/3 | €13,079 | €19,553 | +€6,474 | +49.5% |
| Other amounts payable | 47/48 | €19,883 | €11,683 | -€8,200 | -41.2% |
| Non-recurring operating income | 76A | €506 | - | -€506 | |
| Remuneration, social security and pensions | 62 | €704 | €305 | -€399 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,239 | €29,313 | +€20,074 | +217% |
| Other operating charges | 640/8 | €1,815 | €2,980 | +€1,164 | +64.2% |
| Gross operating margin | 9900 | €51,633 | €29,642 | -€21,991 | -42.6% |
| Operating profit (loss) | 9901 | €39,874 | -€2,956 | -€42,830 | |
| Financial income | 75/76B | €19 | €579 | +€560 | +2,946% |
| Recurring financial income | 75 | €19 | €579 | +€560 | +2,946% |
| Financial charges | 65/66B | €1,754 | €5,091 | +€3,337 | +190% |
| Recurring financial charges | 65 | €1,754 | €5,091 | +€3,337 | +190% |
| Profit (loss) for the period before taxes | 9903 | €38,140 | -€7,468 | -€45,608 | |
| Income taxes | 67/77 | €7,953 | €289 | -€7,664 | -96.4% |
| Profit (loss) for the period | 9904 | €30,187 | -€7,757 | -€37,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,187 | -€7,757 | -€37,944 |
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 26 October 2026 via checked.be.