DESAER: 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.
DESAER
Largest movements
- Cash +€10,186
up €10,186 (+72.8%), from €14,000 to €24,186
mainly Advances received (+€7,375) and Net result for the year (+€6,486)
- Receivables within one year -€2,376
down €2,376 (-50.2%), from €4,729 to €2,353
of which Trade receivables: -€4,178
- Stocks and contracts +€1,027
up €1,027 (+19.5%), from €5,260 to €6,287
- Deferred charges and accrued income +€547
up €547 (+21.8%), from €2,512 to €3,059
- Advances received +€7,375
new in 2025: €7,375
- Trade debts -€3,658
down €3,658 (-94.8%), from €3,859 to €202
- Reserves +€2,500
up €2,500 (+863%), from €290 to €2,790
- Profit (loss) carried forward +€2,320
up €2,320 (+17.2%), from €13,493 to €15,813
- Other debts +€1,982
up €1,982 (+763%), from €260 to €2,242
- Gross operating margin +€4,223
up €4,223 (+99.6%), from €4,241 to €8,464
- Depreciation -€644
down €644 (-53.5%), from €1,204 to €560
- Other operating charges +€635
up €635 (+130%), from €488 to €1,123
- Taxes +€250
new in 2025: €250
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 | €27,465 | €36,959 | +€9,493 | +34.6% |
| Fixed assets | 21/28 | €965 | €1,074 | +€109 | +11.3% |
| Tangible fixed assets | 22/27 | €965 | €1,074 | +€109 | +11.3% |
| Plant, machinery and equipment | 23 | €458 | €1,074 | +€616 | +134% |
| Furniture and vehicles | 24 | €507 | - | -€507 | |
| Current assets | 29/58 | €26,500 | €35,885 | +€9,384 | +35.4% |
| Stocks and contracts in progress | 3 | €5,260 | €6,287 | +€1,027 | +19.5% |
| Stocks | 30/36 | €5,260 | €6,287 | +€1,027 | +19.5% |
| Amounts receivable within one year | 40/41 | €4,729 | €2,353 | -€2,376 | -50.2% |
| Trade receivables | 40 | €4,675 | €497 | -€4,178 | -89.4% |
| Other amounts receivable | 41 | €54 | €1,856 | +€1,802 | +3,332% |
| Cash at bank and in hand | 54/58 | €14,000 | €24,186 | +€10,186 | +72.8% |
| Deferred charges and accrued income | 490/1 | €2,512 | €3,059 | +€547 | +21.8% |
| Total equity and liabilities | 10/49 | €27,465 | €36,959 | +€9,493 | +34.6% |
| Equity | 10/15 | €20,983 | €25,802 | +€4,820 | +23.0% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €290 | €2,790 | +€2,500 | +863% |
| Distributable reserves | 133 | €290 | €2,790 | +€2,500 | +863% |
| Profit (loss) carried forward | 14 | €13,493 | €15,813 | +€2,320 | +17.2% |
| Amounts payable | 17/49 | €6,483 | €11,156 | +€4,673 | +72.1% |
| Amounts payable within one year | 42/48 | €6,483 | €11,156 | +€4,673 | +72.1% |
| Trade debts | 44 | €3,859 | €202 | -€3,658 | -94.8% |
| Suppliers | 440/4 | €3,859 | €202 | -€3,658 | -94.8% |
| Advances received on contracts in progress | 46 | - | €7,375 | +€7,375 | |
| Taxes, remuneration and social security | 45 | €2,364 | €1,338 | -€1,026 | -43.4% |
| Taxes | 450/3 | €2,364 | €1,338 | -€1,026 | -43.4% |
| Other amounts payable | 47/48 | €260 | €2,242 | +€1,982 | +763% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,204 | €560 | -€644 | -53.5% |
| Other operating charges | 640/8 | €488 | €1,123 | +€635 | +130% |
| Gross operating margin | 9900 | €4,241 | €8,464 | +€4,223 | +99.6% |
| Operating profit (loss) | 9901 | €2,549 | €6,780 | +€4,231 | +166% |
| Financial income | 75/76B | €61 | €9 | -€52 | -84.5% |
| Recurring financial income | 75 | €61 | €9 | -€52 | -84.5% |
| Financial charges | 65/66B | €86 | €54 | -€32 | -36.9% |
| Recurring financial charges | 65 | €86 | €54 | -€32 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €2,525 | €6,736 | +€4,211 | +167% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | €2,525 | €6,486 | +€3,961 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €2,525 | €6,486 | +€3,961 | +157% |
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 16 October 2026 via checked.be.