Des & Co: 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.
Des & Co
Largest movements
- Tangible fixed assets +€18,236
up €18,236 (+7.9%), from €231,315 to €249,551
of which Land and buildings: +€19,426
- Profit (loss) carried forward +€12,841
up €12,841 (+5.2%), from €246,264 to €259,105
- Reserves +€12,500
up €12,500 (+6.7%), from €186,563 to €199,063
of which Distributable reserves: +€12,500
- Depreciation -€12,362
down €12,362 (-47.1%), from €26,226 to €13,864
- Financial income +€6,204
up €6,204 (+153%), from €4,065 to €10,269
- Taxes +€3,886
up €3,886 (+55.0%), from €7,061 to €10,947
- Gross operating margin -€2,738
down €2,738 (-5.2%), from €52,745 to €50,007
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 | €597,891 | €620,616 | +€22,725 | +3.8% |
| Fixed assets | 21/28 | €328,253 | €346,489 | +€18,236 | +5.6% |
| Tangible fixed assets | 22/27 | €231,315 | €249,551 | +€18,236 | +7.9% |
| Land and buildings | 22 | €226,680 | €246,106 | +€19,426 | +8.6% |
| Plant, machinery and equipment | 23 | €0 | €1,520 | +€1,520 | |
| Furniture and vehicles | 24 | €4,635 | €1,925 | -€2,710 | -58.5% |
| Financial fixed assets | 28 | €96,938 | €96,938 | = | 0.0% |
| Current assets | 29/58 | €269,638 | €274,127 | +€4,489 | +1.7% |
| Amounts receivable within one year | 40/41 | €193,869 | €188,075 | -€5,794 | -3.0% |
| Trade receivables | 40 | €7,488 | €7,908 | +€420 | +5.6% |
| Other amounts receivable | 41 | €186,381 | €180,167 | -€6,214 | -3.3% |
| Cash at bank and in hand | 54/58 | €46,092 | €52,128 | +€6,036 | +13.1% |
| Deferred charges and accrued income | 490/1 | €29,677 | €33,924 | +€4,247 | +14.3% |
| Total equity and liabilities | 10/49 | €597,891 | €620,616 | +€22,725 | +3.8% |
| Equity | 10/15 | €496,614 | €521,289 | +€24,675 | +5.0% |
| Contributions | 10/11 | €54,413 | €54,413 | = | 0.0% |
| Reserves | 13 | €186,563 | €199,063 | +€12,500 | +6.7% |
| Tax-exempt reserves | 132 | €168,650 | €168,650 | = | 0.0% |
| Distributable reserves | 133 | €17,913 | €30,413 | +€12,500 | +69.8% |
| Profit (loss) carried forward | 14 | €246,264 | €259,105 | +€12,841 | +5.2% |
| Investment grants | 15 | €9,374 | €8,708 | -€666 | -7.1% |
| Amounts payable | 17/49 | €101,277 | €99,327 | -€1,950 | -1.9% |
| Amounts payable within one year | 42/48 | €101,277 | €99,327 | -€1,950 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,968 | €1,006 | -€3,962 | -79.8% |
| Suppliers | 440/4 | €4,968 | €1,006 | -€3,962 | -79.8% |
| Taxes, remuneration and social security | 45 | €7,705 | €13,699 | +€5,994 | +77.8% |
| Taxes | 450/3 | €7,705 | €13,699 | +€5,994 | +77.8% |
| Other amounts payable | 47/48 | €88,604 | €84,622 | -€3,982 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,226 | €13,864 | -€12,362 | -47.1% |
| Other operating charges | 640/8 | €3,784 | €3,567 | -€217 | -5.7% |
| Gross operating margin | 9900 | €52,745 | €50,007 | -€2,738 | -5.2% |
| Operating profit (loss) | 9901 | €22,735 | €32,576 | +€9,841 | +43.3% |
| Financial income | 75/76B | €4,065 | €10,269 | +€6,204 | +153% |
| Recurring financial income | 75 | €4,065 | €10,269 | +€6,204 | +153% |
| Financial charges | 65/66B | €6,786 | €6,557 | -€229 | -3.4% |
| Recurring financial charges | 65 | €6,786 | €6,557 | -€229 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €20,014 | €36,288 | +€16,274 | +81.3% |
| Income taxes | 67/77 | €7,061 | €10,947 | +€3,886 | +55.0% |
| Profit (loss) for the period | 9904 | €12,953 | €25,341 | +€12,388 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,953 | €25,341 | +€12,388 | +95.6% |
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 15 October 2026 via checked.be.