DES: 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.
DES
Largest movements
- Stocks and contracts -€11,100
no longer reported in 2025 (was €11,100)
- Tangible fixed assets +€2,473
up €2,473 (+18.1%), from €13,651 to €16,125
- Receivables within one year +€2,312
up €2,312 (+35.4%), from €6,539 to €8,852
of which Other amounts receivable: +€3,406
- Cash +€785
up €785 (+7.7%), from €10,178 to €10,964
mainly Contributions, distributions and other (+€14,800) and Stocks and contracts (+€11,100)
- Profit (loss) carried forward -€25,005
down €25,005, from €8,923 to -€16,083
- Contributions +€14,800
up €14,800 (+145.1%), from €10,200 to €25,000
- Short-term financial debts +€7,719
up €7,719 (+408.1%), from €1,891 to €9,610
- Trade debts -€6,540
down €6,540 (-97.4%), from €6,714 to €173
- Debts after one year +€5,263
up €5,263 (+84.1%), from €6,257 to €11,520
- Turnover -€71,876
down €71,876 (-22.0%), from €326,317 to €254,441
- Purchases and services -€66,641
down €66,641 (-19.5%), from €342,072 to €275,431
- Gross operating margin -€22,507
down €22,507, from €11,509 to -€10,998
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 | €44,170 | €38,640 | -€5,530 | -12.5% |
| Fixed assets | 21/28 | €16,351 | €18,825 | +€2,473 | +15.1% |
| Tangible fixed assets | 22/27 | €13,651 | €16,125 | +€2,473 | +18.1% |
| Furniture and vehicles | 24 | €13,651 | €16,125 | +€2,473 | +18.1% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €27,818 | €19,815 | -€8,003 | -28.8% |
| Stocks and contracts in progress | 3 | €11,100 | - | -€11,100 | |
| Stocks | 30/36 | €11,100 | - | -€11,100 | |
| Amounts receivable within one year | 40/41 | €6,539 | €8,852 | +€2,312 | +35.4% |
| Trade receivables | 40 | €1,200 | €106 | -€1,094 | -91.2% |
| Other amounts receivable | 41 | €5,339 | €8,746 | +€3,406 | +63.8% |
| Cash at bank and in hand | 54/58 | €10,178 | €10,964 | +€785 | +7.7% |
| Total equity and liabilities | 10/49 | €44,170 | €38,640 | -€5,530 | -12.5% |
| Equity | 10/15 | €19,123 | €8,917 | -€10,205 | -53.4% |
| Contributions | 10/11 | €10,200 | €25,000 | +€14,800 | +145.1% |
| Profit (loss) carried forward | 14 | €8,923 | -€16,083 | -€25,005 | |
| Amounts payable | 17/49 | €25,047 | €29,722 | +€4,675 | +18.7% |
| Amounts payable after more than one year | 17 | €6,257 | €11,520 | +€5,263 | +84.1% |
| Financial debts | 170/4 | €6,257 | €11,520 | +€5,263 | +84.1% |
| Amounts payable within one year | 42/48 | €18,790 | €18,202 | -€588 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €6,164 | €5,202 | -€962 | -15.6% |
| Financial debts | 43 | €1,891 | €9,610 | +€7,719 | +408.1% |
| Credit institutions | 430/8 | €1,891 | €9,610 | +€7,719 | +408.1% |
| Trade debts | 44 | €6,714 | €173 | -€6,540 | -97.4% |
| Suppliers | 440/4 | €6,714 | €173 | -€6,540 | -97.4% |
| Taxes, remuneration and social security | 45 | €4,021 | €3,217 | -€804 | -20.0% |
| Taxes | 450/3 | €4,021 | €3,217 | -€804 | -20.0% |
| Turnover | 70 | €326,317 | €254,441 | -€71,876 | -22.0% |
| Non-recurring operating income | 76A | €2,708 | - | -€2,708 | |
| Goods, raw materials, services and sundry goods | 60/61 | €342,072 | €275,431 | -€66,641 | -19.5% |
| Remuneration, social security and pensions | 62 | - | €152 | +€152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,402 | €3,625 | -€776 | -17.6% |
| Other operating charges | 640/8 | €3,297 | €5,863 | +€2,567 | +77.9% |
| Gross operating margin | 9900 | €11,509 | -€10,998 | -€22,507 | |
| Operating profit (loss) | 9901 | €3,811 | -€20,639 | -€24,450 | |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €217 | +€217 | |
| Financial charges | 65/66B | €1,459 | €3,060 | +€1,601 | +109.8% |
| Recurring financial charges | 65 | €1,459 | €3,060 | +€1,601 | +109.8% |
| Profit (loss) for the period before taxes | 9903 | €2,352 | -€23,482 | -€25,834 | |
| Income taxes | 67/77 | €1,511 | €1,523 | +€12 | +0.8% |
| Profit (loss) for the period | 9904 | €841 | -€25,005 | -€25,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €841 | -€25,005 | -€25,846 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.