DESAELE: 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.
DESAELE
Largest movements
- Tangible fixed assets -€41,675
down €41,675 (-17.3%), from €241,227 to €199,552
of which Land and buildings: -€27,692
- Stocks and contracts +€36,504
up €36,504 (+12.8%), from €285,676 to €322,180
- Cash +€18,038
up €18,038 (+17.4%), from €103,564 to €121,602
mainly Depreciation (+€41,675) and Net result for the year (+€24,786)
- Deferred charges and accrued income +€11,439
new in 2025: €11,439
- Reserves +€24,786
up €24,786 (+9.8%), from €252,130 to €276,916
of which Distributable reserves: +€24,786
- Trade debts +€9,587
up €9,587 (+9.6%), from €99,898 to €109,485
- Current portion of long-term debt -€7,553
down €7,553 (-75.2%), from €10,042 to €2,489
- Other operating charges +€10,848
up €10,848 (+466.7%), from €2,324 to €13,172
- Gross operating margin +€5,768
up €5,768 (+5.2%), from €110,437 to €116,204
- Taxes -€5,224
down €5,224 (-36.2%), from €14,427 to €9,203
- Financial income -€4,707
down €4,707 (-71.1%), from €6,621 to €1,914
- Staff costs +€2,135
up €2,135 (+9.6%), from €22,210 to €24,345
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 | €654,821 | €685,136 | +€30,315 | +4.6% |
| Fixed assets | 21/28 | €241,227 | €199,552 | -€41,675 | -17.3% |
| Tangible fixed assets | 22/27 | €241,227 | €199,552 | -€41,675 | -17.3% |
| Land and buildings | 22 | €211,042 | €183,350 | -€27,692 | -13.1% |
| Plant, machinery and equipment | 23 | €17,126 | €13,613 | -€3,514 | -20.5% |
| Furniture and vehicles | 24 | €13,058 | €2,589 | -€10,469 | -80.2% |
| Current assets | 29/58 | €413,594 | €485,584 | +€71,990 | +17.4% |
| Stocks and contracts in progress | 3 | €285,676 | €322,180 | +€36,504 | +12.8% |
| Stocks | 30/36 | €285,676 | €322,180 | +€36,504 | +12.8% |
| Amounts receivable within one year | 40/41 | €24,354 | €30,363 | +€6,009 | +24.7% |
| Trade receivables | 40 | €21,491 | €26,673 | +€5,182 | +24.1% |
| Other amounts receivable | 41 | €2,863 | €3,690 | +€828 | +28.9% |
| Cash at bank and in hand | 54/58 | €103,564 | €121,602 | +€18,038 | +17.4% |
| Deferred charges and accrued income | 490/1 | - | €11,439 | +€11,439 | |
| Total equity and liabilities | 10/49 | €654,821 | €685,136 | +€30,315 | +4.6% |
| Equity | 10/15 | €262,130 | €286,916 | +€24,786 | +9.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €252,130 | €276,916 | +€24,786 | +9.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €252,130 | €276,916 | +€24,786 | +9.8% |
| Amounts payable | 17/49 | €392,691 | €398,220 | +€5,529 | +1.4% |
| Amounts payable after more than one year | 17 | €2,523 | €0 | -€2,523 | -100.0% |
| Financial debts | 170/4 | €2,523 | €0 | -€2,523 | -100.0% |
| Amounts payable within one year | 42/48 | €387,027 | €394,578 | +€7,552 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,042 | €2,489 | -€7,553 | -75.2% |
| Trade debts | 44 | €99,898 | €109,485 | +€9,587 | +9.6% |
| Suppliers | 440/4 | €99,898 | €109,485 | +€9,587 | +9.6% |
| Taxes, remuneration and social security | 45 | €84,014 | €89,532 | +€5,518 | +6.6% |
| Taxes | 450/3 | €6,442 | €9,148 | +€2,706 | +42.0% |
| Remuneration and social security | 454/9 | €77,572 | €80,384 | +€2,812 | +3.6% |
| Other amounts payable | 47/48 | €193,072 | €193,072 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,141 | €3,641 | +€500 | +15.9% |
| Remuneration, social security and pensions | 62 | €22,210 | €24,345 | +€2,135 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,675 | €41,675 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,324 | €13,172 | +€10,848 | +466.7% |
| Gross operating margin | 9900 | €110,437 | €116,204 | +€5,768 | +5.2% |
| Operating profit (loss) | 9901 | €44,227 | €37,012 | -€7,215 | -16.3% |
| Financial income | 75/76B | €6,621 | €1,914 | -€4,707 | -71.1% |
| Recurring financial income | 75 | €6,621 | €1,914 | -€4,707 | -71.1% |
| Financial charges | 65/66B | €5,205 | €4,938 | -€267 | -5.1% |
| Recurring financial charges | 65 | €5,205 | €4,938 | -€267 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €45,643 | €33,988 | -€11,655 | -25.5% |
| Income taxes | 67/77 | €14,427 | €9,203 | -€5,224 | -36.2% |
| Profit (loss) for the period | 9904 | €31,216 | €24,786 | -€6,430 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,216 | €24,786 | -€6,430 | -20.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.