DESA CONSTRUCTS: 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.
DESA CONSTRUCTS
Largest movements
- Stocks and contracts +€73,502
up €73,502 (+3,675%), from €2,000 to €75,502
of which Contracts in progress: +€70,502
- Tangible fixed assets -€40,811
down €40,811 (-23.5%), from €173,941 to €133,129
of which Furniture and vehicles: -€20,728
- Receivables within one year -€33,713
down €33,713 (-26.0%), from €129,472 to €95,759
of which Trade receivables: -€34,813
- Cash +€23,185
up €23,185 (+27.7%), from €83,772 to €106,956
mainly Net result for the year (+€49,601) and Other debts (+€45,066)
- Current investments +€8,335
up €8,335 (+64.3%), from €12,964 to €21,299
- Other debts +€45,066
up €45,066 (+402%), from €11,209 to €56,275
- Trade debts +€26,034
up €26,034 (+49.7%), from €52,431 to €78,466
- Debts after one year -€13,591
down €13,591 (-61.6%), from €22,074 to €8,483
- Tax, wage and social debts -€8,972
down €8,972 (-32.4%), from €27,732 to €18,760
of which Taxes: -€5,082
- Reserves -€6,674
down €6,674 (-2.7%), from €244,906 to €238,232
of which Tax-exempt reserves: -€3,908
- Gross operating margin +€10,011
up €10,011 (+4.4%), from €226,179 to €236,190
- Staff costs -€7,547
down €7,547 (-6.2%), from €121,962 to €114,415
- Taxes +€3,994
up €3,994 (+23.0%), from €17,400 to €21,394
- Depreciation -€3,978
down €3,978 (-8.3%), from €47,894 to €43,916
- Other operating charges +€2,717
up €2,717 (+69.4%), from €3,917 to €6,634
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 | €402,685 | €436,833 | +€34,149 | +8.5% |
| Fixed assets | 21/28 | €174,151 | €133,339 | -€40,811 | -23.4% |
| Tangible fixed assets | 22/27 | €173,941 | €133,129 | -€40,811 | -23.5% |
| Land and buildings | 22 | €99,803 | €80,621 | -€19,182 | -19.2% |
| Plant, machinery and equipment | 23 | €13,245 | €10,343 | -€2,901 | -21.9% |
| Furniture and vehicles | 24 | €60,893 | €40,165 | -€20,728 | -34.0% |
| Assets under construction and advance payments | 27 | - | €2,000 | +€2,000 | |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €228,534 | €303,494 | +€74,960 | +32.8% |
| Stocks and contracts in progress | 3 | €2,000 | €75,502 | +€73,502 | +3,675% |
| Stocks | 30/36 | €2,000 | €5,000 | +€3,000 | +150% |
| Contracts in progress | 37 | - | €70,502 | +€70,502 | |
| Amounts receivable within one year | 40/41 | €129,472 | €95,759 | -€33,713 | -26.0% |
| Trade receivables | 40 | €97,806 | €62,993 | -€34,813 | -35.6% |
| Other amounts receivable | 41 | €31,666 | €32,766 | +€1,100 | +3.5% |
| Current investments | 50/53 | €12,964 | €21,299 | +€8,335 | +64.3% |
| Cash at bank and in hand | 54/58 | €83,772 | €106,956 | +€23,185 | +27.7% |
| Deferred charges and accrued income | 490/1 | €327 | €3,978 | +€3,651 | +1,117% |
| Total equity and liabilities | 10/49 | €402,685 | €436,833 | +€34,149 | +8.5% |
| Equity | 10/15 | €251,106 | €244,432 | -€6,674 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,906 | €238,232 | -€6,674 | -2.7% |
| Tax-exempt reserves | 132 | €19,539 | €15,631 | -€3,908 | -20.0% |
| Distributable reserves | 133 | €225,367 | €222,601 | -€2,766 | -1.2% |
| Provisions and deferred taxes | 16 | €6,513 | €5,210 | -€1,303 | -20.0% |
| Deferred taxes | 168 | €6,513 | €5,210 | -€1,303 | -20.0% |
| Amounts payable | 17/49 | €145,066 | €187,191 | +€42,125 | +29.0% |
| Amounts payable after more than one year | 17 | €22,074 | €8,483 | -€13,591 | -61.6% |
| Financial debts | 170/4 | €22,074 | €8,483 | -€13,591 | -61.6% |
| Amounts payable within one year | 42/48 | €122,941 | €178,703 | +€55,762 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €13,769 | €13,604 | -€165 | -1.2% |
| Trade debts | 44 | €52,431 | €78,466 | +€26,034 | +49.7% |
| Suppliers | 440/4 | €52,431 | €78,466 | +€26,034 | +49.7% |
| Advances received on contracts in progress | 46 | €17,800 | €11,600 | -€6,200 | -34.8% |
| Taxes, remuneration and social security | 45 | €27,732 | €18,760 | -€8,972 | -32.4% |
| Taxes | 450/3 | €23,841 | €18,760 | -€5,082 | -21.3% |
| Remuneration and social security | 454/9 | €3,891 | - | -€3,891 | |
| Other amounts payable | 47/48 | €11,209 | €56,275 | +€45,066 | +402% |
| Accrued charges and deferred income | 492/3 | €52 | €5 | -€47 | -89.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €121,962 | €114,415 | -€7,547 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,894 | €43,916 | -€3,978 | -8.3% |
| Other operating charges | 640/8 | €3,917 | €6,634 | +€2,717 | +69.4% |
| Gross operating margin | 9900 | €226,179 | €236,190 | +€10,011 | +4.4% |
| Operating profit (loss) | 9901 | €52,407 | €71,226 | +€18,819 | +35.9% |
| Financial income | 75/76B | €1,694 | €2,301 | +€606 | +35.8% |
| Recurring financial income | 75 | €1,445 | €2,301 | +€855 | +59.2% |
| Non-recurring financial income | 76B | €249 | - | -€249 | |
| Financial charges | 65/66B | €3,502 | €3,834 | +€332 | +9.5% |
| Recurring financial charges | 65 | €3,502 | €3,834 | +€332 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €50,599 | €69,693 | +€19,093 | +37.7% |
| Transfer from deferred taxes | 780 | €2,203 | €1,303 | -€900 | -40.9% |
| Income taxes | 67/77 | €17,400 | €21,394 | +€3,994 | +23.0% |
| Profit (loss) for the period | 9904 | €35,402 | €49,601 | +€14,199 | +40.1% |
| Transfer from tax-exempt reserves | 789 | €6,608 | €3,908 | -€2,700 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,010 | €53,509 | +€11,499 | +27.4% |
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 25 October 2026 via checked.be.