Desafka: 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.
Desafka
Largest movements
- Receivables within one year +€228,736
up €228,736 (+4517.3%), from €5,064 to €233,799
of which Other amounts receivable: +€211,094
- Current investments -€50,000
down €50,000 (-21.7%), from €230,000 to €180,000
- Cash -€9,092
down €9,092 (-22.6%), from €40,247 to €31,155
mainly Receivables within one year (-€228,736) and Contributions, distributions and other (-€39,695)
- Debts after one year +€197,991
new in 2025: €197,991
- Trade debts -€21,771
down €21,771 (-94.4%), from €23,071 to €1,301
- Gross operating margin +€3,573
up €3,573 (+6.9%), from €51,488 to €55,061
- Financial income +€2,159
up €2,159 (+42.1%), from €5,127 to €7,286
- Financial charges +€1,889
up €1,889 (+992.1%), from €190 to €2,080
- Staff costs +€1,295
up €1,295 (+43.9%), from €2,952 to €4,247
- Taxes +€593
up €593 (+3.9%), from €15,201 to €15,794
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 | €281,010 | €454,993 | +€173,983 | +61.9% |
| Fixed assets | 21/28 | €2,519 | €6,656 | +€4,137 | +164.3% |
| Tangible fixed assets | 22/27 | €2,519 | €6,656 | +€4,137 | +164.3% |
| Plant, machinery and equipment | 23 | €1,721 | €6,394 | +€4,673 | +271.5% |
| Furniture and vehicles | 24 | €797 | €261 | -€536 | -67.2% |
| Current assets | 29/58 | €278,491 | €448,338 | +€169,846 | +61.0% |
| Amounts receivable within one year | 40/41 | €5,064 | €233,799 | +€228,736 | +4517.3% |
| Trade receivables | 40 | €0 | €17,642 | +€17,642 | +11026025.0% |
| Other amounts receivable | 41 | €5,063 | €216,158 | +€211,094 | +4169.1% |
| Current investments | 50/53 | €230,000 | €180,000 | -€50,000 | -21.7% |
| Cash at bank and in hand | 54/58 | €40,247 | €31,155 | -€9,092 | -22.6% |
| Deferred charges and accrued income | 490/1 | €3,181 | €3,383 | +€202 | +6.4% |
| Total equity and liabilities | 10/49 | €281,010 | €454,993 | +€173,983 | +61.9% |
| Equity | 10/15 | €236,537 | €235,028 | -€1,509 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,937 | €216,428 | -€1,509 | -0.7% |
| Distributable reserves | 133 | €217,937 | €216,428 | -€1,509 | -0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,473 | €219,965 | +€175,492 | +394.6% |
| Amounts payable after more than one year | 17 | - | €197,991 | +€197,991 | |
| Financial debts | 170/4 | - | €197,991 | +€197,991 | |
| Amounts payable within one year | 42/48 | €43,246 | €18,831 | -€24,415 | -56.5% |
| Trade debts | 44 | €23,071 | €1,301 | -€21,771 | -94.4% |
| Suppliers | 440/4 | €23,071 | €1,301 | -€21,771 | -94.4% |
| Taxes, remuneration and social security | 45 | €14,796 | €14,342 | -€454 | -3.1% |
| Taxes | 450/3 | €12,296 | €14,342 | +€2,046 | +16.6% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €5,379 | €3,188 | -€2,191 | -40.7% |
| Accrued charges and deferred income | 492/3 | €1,227 | €3,143 | +€1,916 | +156.2% |
| Remuneration, social security and pensions | 62 | €2,952 | €4,247 | +€1,295 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,257 | €1,513 | +€256 | +20.4% |
| Other operating charges | 640/8 | €813 | €528 | -€286 | -35.1% |
| Gross operating margin | 9900 | €51,488 | €55,061 | +€3,573 | +6.9% |
| Operating profit (loss) | 9901 | €46,466 | €48,774 | +€2,308 | +5.0% |
| Financial income | 75/76B | €5,127 | €7,286 | +€2,159 | +42.1% |
| Recurring financial income | 75 | €5,127 | €7,286 | +€2,159 | +42.1% |
| Financial charges | 65/66B | €190 | €2,080 | +€1,889 | +992.1% |
| Recurring financial charges | 65 | €190 | €2,080 | +€1,889 | +992.1% |
| Profit (loss) for the period before taxes | 9903 | €51,403 | €53,980 | +€2,577 | +5.0% |
| Income taxes | 67/77 | €15,201 | €15,794 | +€593 | +3.9% |
| Profit (loss) for the period | 9904 | €36,202 | €38,186 | +€1,984 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,202 | €38,186 | +€1,984 | +5.5% |
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 4 October 2026 via checked.be.