DeSa Management: 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.
DeSa Management
Largest movements
- Financial fixed assets +€49,879
up €49,879 (+3.4%), from €1.5m to €1.5m
- Receivables within one year +€48,894
up €48,894 (+32.4%), from €150,979 to €199,873
of which Other amounts receivable: +€44,288
- Cash -€35,799
down €35,799 (-97.3%), from €36,791 to €991
mainly Debts after one year (-€846,944) and Tax, wage and social debts (-€68,863)
- Other debts +€886,848
up €886,848 (+62626.1%), from €1,416 to €888,264
- Debts after one year -€846,944
down €846,944 (-62.8%), from €1.3m to €500,638
- Tax, wage and social debts -€68,863
down €68,863 (-60.3%), from €114,167 to €45,304
- Profit (loss) carried forward +€63,755
up €63,755 (+101.6%), from €62,734 to €126,489
- Gross operating margin +€22,661
up €22,661 (+19.3%), from €117,281 to €139,943
- Financial charges +€13,113
up €13,113 (+38.3%), from €34,281 to €47,394
- Financial income -€9,344
down €9,344 (-61.3%), from €15,255 to €5,911
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 | €1,660,823 | €1,710,859 | +€50,036 | +3.0% |
| Fixed assets | 21/28 | €1,471,368 | €1,509,769 | +€38,400 | +2.6% |
| Tangible fixed assets | 22/27 | €20,253 | €8,774 | -€11,479 | -56.7% |
| Furniture and vehicles | 24 | €20,253 | €8,774 | -€11,479 | -56.7% |
| Financial fixed assets | 28 | €1,451,115 | €1,500,994 | +€49,879 | +3.4% |
| Current assets | 29/58 | €189,455 | €201,090 | +€11,635 | +6.1% |
| Amounts receivable within one year | 40/41 | €150,979 | €199,873 | +€48,894 | +32.4% |
| Trade receivables | 40 | €71,724 | €76,330 | +€4,606 | +6.4% |
| Other amounts receivable | 41 | €79,254 | €123,543 | +€44,288 | +55.9% |
| Cash at bank and in hand | 54/58 | €36,791 | €991 | -€35,799 | -97.3% |
| Deferred charges and accrued income | 490/1 | €1,685 | €226 | -€1,460 | -86.6% |
| Total equity and liabilities | 10/49 | €1,660,823 | €1,710,859 | +€50,036 | +3.0% |
| Equity | 10/15 | €92,734 | €156,489 | +€63,755 | +68.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,734 | €126,489 | +€63,755 | +101.6% |
| Amounts payable | 17/49 | €1,568,089 | €1,554,370 | -€13,719 | -0.9% |
| Amounts payable after more than one year | 17 | €1,347,582 | €500,638 | -€846,944 | -62.8% |
| Financial debts | 170/4 | €1,347,582 | €500,638 | -€846,944 | -62.8% |
| Amounts payable within one year | 42/48 | €220,507 | €1,053,732 | +€833,225 | +377.9% |
| Current portion of amounts payable after more than one year | 42 | €96,523 | €113,305 | +€16,783 | +17.4% |
| Trade debts | 44 | €8,400 | €6,858 | -€1,542 | -18.4% |
| Suppliers | 440/4 | €8,400 | €6,858 | -€1,542 | -18.4% |
| Taxes, remuneration and social security | 45 | €114,167 | €45,304 | -€68,863 | -60.3% |
| Taxes | 450/3 | €114,167 | €45,304 | -€68,863 | -60.3% |
| Other amounts payable | 47/48 | €1,416 | €888,264 | +€886,848 | +62626.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,479 | €11,479 | = | 0.0% |
| Other operating charges | 640/8 | €292 | €200 | -€92 | -31.5% |
| Gross operating margin | 9900 | €117,281 | €139,943 | +€22,661 | +19.3% |
| Operating profit (loss) | 9901 | €105,510 | €128,264 | +€22,753 | +21.6% |
| Financial income | 75/76B | €15,255 | €5,911 | -€9,344 | -61.3% |
| Recurring financial income | 75 | €15,255 | €5,911 | -€9,344 | -61.3% |
| Financial charges | 65/66B | €34,281 | €47,394 | +€13,113 | +38.3% |
| Recurring financial charges | 65 | €34,281 | €47,394 | +€13,113 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €86,484 | €86,780 | +€296 | +0.3% |
| Income taxes | 67/77 | €23,179 | €23,026 | -€153 | -0.7% |
| Profit (loss) for the period | 9904 | €63,305 | €63,755 | +€450 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,305 | €63,755 | +€450 | +0.7% |
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 3 October 2026 via checked.be.