DES NATIONS: 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 NATIONS
Largest movements
- Tangible fixed assets -€16,290
down €16,290 (-9.0%), from €181,615 to €165,325
of which Land and buildings: -€16,290
- Cash -€9,338
down €9,338 (-33.2%), from €28,107 to €18,770
mainly Net result for the year (-€16,759) and Other debts (-€10,800)
- Profit (loss) carried forward -€16,759
down €16,759 (-11.1%), from €151,238 to €134,478
- Other debts -€10,800
down €10,800 (-63.1%), from €17,108 to €6,308
- Gross operating margin -€3,268
down €3,268 (-38.8%), from €8,430 to €5,162
- Depreciation -€431
down €431 (-2.6%), from €16,721 to €16,290
- Financial income +€195
up €195 (+65.1%), from €299 to €493
- Other operating charges +€183
up €183 (+3.1%), from €5,837 to €6,021
- Financial charges -€90
down €90 (-46.2%), from €194 to €104
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 | €262,665 | €236,708 | -€25,956 | -9.9% |
| Fixed assets | 21/28 | €181,822 | €165,532 | -€16,290 | -9.0% |
| Tangible fixed assets | 22/27 | €181,615 | €165,325 | -€16,290 | -9.0% |
| Land and buildings | 22 | €181,615 | €165,325 | -€16,290 | -9.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €80,843 | €71,176 | -€9,666 | -12.0% |
| Amounts receivable within one year | 40/41 | €43,200 | €43,348 | +€148 | +0.3% |
| Other amounts receivable | 41 | €43,200 | €43,348 | +€148 | +0.3% |
| Cash at bank and in hand | 54/58 | €28,107 | €18,770 | -€9,338 | -33.2% |
| Deferred charges and accrued income | 490/1 | €9,535 | €9,059 | -€477 | -5.0% |
| Total equity and liabilities | 10/49 | €262,665 | €236,708 | -€25,956 | -9.9% |
| Equity | 10/15 | €233,786 | €217,027 | -€16,759 | -7.2% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Capital | 10 | €69,410 | €69,410 | = | 0.0% |
| Issued capital | 100 | €131,384 | €131,384 | = | 0.0% |
| Uncalled capital | 101 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €13,138 | €13,138 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,138 | €13,138 | = | 0.0% |
| Legal reserve | 130 | €13,138 | €13,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,238 | €134,478 | -€16,759 | -11.1% |
| Amounts payable | 17/49 | €28,878 | €19,682 | -€9,197 | -31.8% |
| Amounts payable within one year | 42/48 | €17,108 | €7,911 | -€9,197 | -53.8% |
| Trade debts | 44 | - | €1,603 | +€1,603 | |
| Suppliers | 440/4 | - | €1,603 | +€1,603 | |
| Other amounts payable | 47/48 | €17,108 | €6,308 | -€10,800 | -63.1% |
| Accrued charges and deferred income | 492/3 | €11,771 | €11,771 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,721 | €16,290 | -€431 | -2.6% |
| Other operating charges | 640/8 | €5,837 | €6,021 | +€183 | +3.1% |
| Gross operating margin | 9900 | €8,430 | €5,162 | -€3,268 | -38.8% |
| Operating profit (loss) | 9901 | -€14,129 | -€17,149 | -€3,020 | -21.4% |
| Financial income | 75/76B | €299 | €493 | +€195 | +65.1% |
| Recurring financial income | 75 | €299 | €493 | +€195 | +65.1% |
| Financial charges | 65/66B | €194 | €104 | -€90 | -46.2% |
| Recurring financial charges | 65 | €194 | €104 | -€90 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,024 | -€16,759 | -€2,736 | -19.5% |
| Profit (loss) for the period | 9904 | -€14,024 | -€16,759 | -€2,736 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,024 | -€16,759 | -€2,736 | -19.5% |
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 8 October 2026 via checked.be.