DESA HOLDING: 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 HOLDING
Largest movements
- Receivables within one year -€455,326
down €455,326 (-83.4%), from €545,637 to €90,311
of which Trade receivables: -€423,828
- Deferred charges and accrued income -€248,800
down €248,800 (-99.5%), from €250,000 to €1,200
- Tangible fixed assets +€166,240
up €166,240 (+12.9%), from €1.3m to €1.5m
of which Land and buildings: +€164,150
- Stocks and contracts -€44,000
down €44,000 (-4.9%), from €899,000 to €855,000
- Other debts -€436,679
no longer reported in 2024 (was €436,679)
- Trade debts -€144,823
down €144,823 (-18.6%), from €779,041 to €634,218
- Debts after one year -€92,949
down €92,949 (-13.8%), from €674,390 to €581,441
- Tax, wage and social debts +€79,094
new in 2024: €79,094
- Gross operating margin -€254,566
down €254,566 (-82.0%), from €310,628 to €56,062
- Depreciation -€96,478
down €96,478 (-76.7%), from €125,775 to €29,297
- Financial charges -€11,522
down €11,522 (-41.8%), from €27,539 to €16,017
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,739,965 | €3,131,887 | -€608,078 | -16.3% |
| Formation expenses | 20 | €1,122 | €748 | -€374 | -33.3% |
| Fixed assets | 21/28 | €2,016,684 | €2,182,924 | +€166,240 | +8.2% |
| Tangible fixed assets | 22/27 | €1,287,984 | €1,454,224 | +€166,240 | +12.9% |
| Land and buildings | 22 | €1,219,824 | €1,383,974 | +€164,150 | +13.5% |
| Plant, machinery and equipment | 23 | €68,160 | €70,250 | +€2,090 | +3.1% |
| Financial fixed assets | 28 | €728,700 | €728,700 | = | 0.0% |
| Current assets | 29/58 | €1,722,159 | €948,215 | -€773,944 | -44.9% |
| Stocks and contracts in progress | 3 | €899,000 | €855,000 | -€44,000 | -4.9% |
| Stocks | 30/36 | €899,000 | €855,000 | -€44,000 | -4.9% |
| Amounts receivable within one year | 40/41 | €545,637 | €90,311 | -€455,326 | -83.4% |
| Trade receivables | 40 | €508,327 | €84,499 | -€423,828 | -83.4% |
| Other amounts receivable | 41 | €37,310 | €5,812 | -€31,498 | -84.4% |
| Cash at bank and in hand | 54/58 | €27,522 | €1,704 | -€25,818 | -93.8% |
| Deferred charges and accrued income | 490/1 | €250,000 | €1,200 | -€248,800 | -99.5% |
| Total equity and liabilities | 10/49 | €3,739,965 | €3,131,887 | -€608,078 | -16.3% |
| Equity | 10/15 | €1,574,776 | €1,579,193 | +€4,417 | +0.3% |
| Contributions | 10/11 | €925,247 | €925,247 | = | 0.0% |
| Reserves | 13 | €649,525 | €652,525 | +€3,000 | +0.5% |
| Non-distributable reserves | 130/1 | €92,525 | €92,525 | = | 0.0% |
| Reserves not available under the articles | 1311 | €92,525 | €92,525 | = | 0.0% |
| Distributable reserves | 133 | €557,000 | €560,000 | +€3,000 | +0.5% |
| Profit (loss) carried forward | 14 | €4 | €1,421 | +€1,417 | +35,425% |
| Amounts payable | 17/49 | €2,165,189 | €1,552,694 | -€612,495 | -28.3% |
| Amounts payable after more than one year | 17 | €674,390 | €581,441 | -€92,949 | -13.8% |
| Financial debts | 170/4 | €674,390 | €581,441 | -€92,949 | -13.8% |
| Amounts payable within one year | 42/48 | €1,473,661 | €971,253 | -€502,408 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €57,941 | €57,941 | = | 0.0% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €779,041 | €634,218 | -€144,823 | -18.6% |
| Suppliers | 440/4 | €779,041 | €634,218 | -€144,823 | -18.6% |
| Taxes, remuneration and social security | 45 | - | €79,094 | +€79,094 | |
| Taxes | 450/3 | - | €79,094 | +€79,094 | |
| Other amounts payable | 47/48 | €436,679 | - | -€436,679 | |
| Accrued charges and deferred income | 492/3 | €17,138 | - | -€17,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,775 | €29,297 | -€96,478 | -76.7% |
| Other operating charges | 640/8 | €7,022 | €7,214 | +€192 | +2.7% |
| Gross operating margin | 9900 | €310,628 | €56,062 | -€254,566 | -82.0% |
| Operating profit (loss) | 9901 | €177,831 | €19,551 | -€158,280 | -89.0% |
| Financial income | 75/76B | €24 | €883 | +€859 | +3,579% |
| Recurring financial income | 75 | €24 | €883 | +€859 | +3,579% |
| Financial charges | 65/66B | €27,539 | €16,017 | -€11,522 | -41.8% |
| Recurring financial charges | 65 | €27,539 | €16,017 | -€11,522 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €150,316 | €4,417 | -€145,899 | -97.1% |
| Profit (loss) for the period | 9904 | €150,316 | €4,417 | -€145,899 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,316 | €4,417 | -€145,899 | -97.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.