Desaever: 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.
Desaever
Largest movements
- Receivables within one year -€33,592
down €33,592 (-77.1%), from €43,594 to €10,002
- Tangible fixed assets -€20,745
down €20,745 (-5.1%), from €409,640 to €388,896
of which Land and buildings: -€20,308
- Debts after one year -€29,100
down €29,100 (-11.5%), from €252,824 to €223,724
- Profit (loss) carried forward -€19,396
down €19,396, from €13,867 to -€5,530
- Other debts -€11,089
down €11,089 (-20.5%), from €54,033 to €42,943
- Trade debts +€7,952
up €7,952 (+26.5%), from €29,978 to €37,930
- Gross operating margin +€9,096
up €9,096 (+125%), from €7,282 to €16,378
- Other operating charges -€2,016
down €2,016 (-41.3%), from €4,878 to €2,862
- Financial charges -€1,481
down €1,481 (-17.4%), from €8,503 to €7,022
- Depreciation -€1,003
down €1,003 (-3.7%), from €26,894 to €25,891
- Financial income -€313
down €313 (-99.9%), from €314 to €0
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 | €453,898 | €401,789 | -€52,109 | -11.5% |
| Fixed assets | 21/28 | €409,640 | €388,896 | -€20,745 | -5.1% |
| Tangible fixed assets | 22/27 | €409,640 | €388,896 | -€20,745 | -5.1% |
| Land and buildings | 22 | €409,009 | €388,701 | -€20,308 | -5.0% |
| Plant, machinery and equipment | 23 | €631 | €195 | -€437 | -69.1% |
| Current assets | 29/58 | €44,257 | €12,893 | -€31,365 | -70.9% |
| Amounts receivable within one year | 40/41 | €43,594 | €10,002 | -€33,592 | -77.1% |
| Trade receivables | 40 | €43,594 | €10,002 | -€33,592 | -77.1% |
| Cash at bank and in hand | 54/58 | €232 | €2,286 | +€2,054 | +885% |
| Deferred charges and accrued income | 490/1 | €431 | €604 | +€173 | +40.2% |
| Total equity and liabilities | 10/49 | €453,898 | €401,789 | -€52,109 | -11.5% |
| Equity | 10/15 | €68,103 | €48,707 | -€19,396 | -28.5% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €47,037 | €47,037 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,458 | €36,458 | = | 0.0% |
| Distributable reserves | 133 | €10,579 | €10,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,867 | -€5,530 | -€19,396 | |
| Amounts payable | 17/49 | €385,794 | €353,082 | -€32,713 | -8.5% |
| Amounts payable after more than one year | 17 | €252,824 | €223,724 | -€29,100 | -11.5% |
| Financial debts | 170/4 | €252,824 | €223,724 | -€29,100 | -11.5% |
| Amounts payable within one year | 42/48 | €132,971 | €129,357 | -€3,613 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €34,530 | €31,462 | -€3,068 | -8.9% |
| Financial debts | 43 | €7,368 | €11,553 | +€4,185 | +56.8% |
| Credit institutions | 430/8 | €7,368 | €11,553 | +€4,185 | +56.8% |
| Trade debts | 44 | €29,978 | €37,930 | +€7,952 | +26.5% |
| Suppliers | 440/4 | €29,978 | €37,930 | +€7,952 | +26.5% |
| Taxes, remuneration and social security | 45 | €7,062 | €5,468 | -€1,593 | -22.6% |
| Taxes | 450/3 | €7,062 | €5,468 | -€1,593 | -22.6% |
| Other amounts payable | 47/48 | €54,033 | €42,943 | -€11,089 | -20.5% |
| Non-recurring operating income | 76A | €395 | €20,000 | +€19,605 | +4,962% |
| Remuneration, social security and pensions | 62 | -€84 | - | +€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,894 | €25,891 | -€1,003 | -3.7% |
| Other operating charges | 640/8 | €4,878 | €2,862 | -€2,016 | -41.3% |
| Gross operating margin | 9900 | €7,282 | €16,378 | +€9,096 | +125% |
| Operating profit (loss) | 9901 | -€24,405 | -€12,375 | +€12,030 | +49.3% |
| Financial income | 75/76B | €314 | €0 | -€313 | -99.9% |
| Recurring financial income | 75 | €314 | €0 | -€313 | -99.9% |
| Financial charges | 65/66B | €8,503 | €7,022 | -€1,481 | -17.4% |
| Recurring financial charges | 65 | €8,503 | €7,022 | -€1,481 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,594 | -€19,396 | +€13,198 | +40.5% |
| Profit (loss) for the period | 9904 | -€32,594 | -€19,396 | +€13,198 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,594 | -€19,396 | +€13,198 | +40.5% |
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 13 October 2026 via checked.be.