DESAGHER BRUNO: 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.
DESAGHER BRUNO
Largest movements
- Tangible fixed assets -€10,100
down €10,100 (-48.6%), from €20,766 to €10,666
of which Furniture and vehicles: -€9,355
- Cash -€1,892
down €1,892 (-82.9%), from €2,283 to €390
mainly Other debts (-€13,092) and Trade debts (-€65)
- Deferred charges and accrued income -€342
down €342 (-17.5%), from €1,954 to €1,613
- Stocks and contracts -€298
no longer reported in 2025 (was €298)
- Other debts -€13,092
down €13,092 (-17.5%), from €74,937 to €61,845
- Profit (loss) carried forward +€344
up €344 (+0.3%), from -€105,663 to -€105,318
- Gross operating margin +€16,243
up €16,243, from -€7,552 to €8,691
- Depreciation -€11,065
down €11,065 (-62.8%), from €17,618 to €6,553
- Other operating charges -€1,079
down €1,079 (-47.1%), from €2,290 to €1,210
- Taxes -€314
down €314 (-45.9%), from €684 to €370
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 | €25,800 | €13,038 | -€12,762 | -49.5% |
| Fixed assets | 21/28 | €20,766 | €10,666 | -€10,100 | -48.6% |
| Tangible fixed assets | 22/27 | €20,766 | €10,666 | -€10,100 | -48.6% |
| Furniture and vehicles | 24 | €16,364 | €7,009 | -€9,355 | -57.2% |
| Other tangible fixed assets | 26 | €4,402 | €3,658 | -€745 | -16.9% |
| Current assets | 29/58 | €5,034 | €2,372 | -€2,663 | -52.9% |
| Stocks and contracts in progress | 3 | €298 | - | -€298 | |
| Stocks | 30/36 | €298 | - | -€298 | |
| Amounts receivable within one year | 40/41 | €500 | €369 | -€131 | -26.2% |
| Trade receivables | 40 | - | €150 | +€150 | |
| Other amounts receivable | 41 | €500 | €219 | -€281 | -56.2% |
| Cash at bank and in hand | 54/58 | €2,283 | €390 | -€1,892 | -82.9% |
| Deferred charges and accrued income | 490/1 | €1,954 | €1,613 | -€342 | -17.5% |
| Total equity and liabilities | 10/49 | €25,800 | €13,038 | -€12,762 | -49.5% |
| Equity | 10/15 | -€50,663 | -€50,318 | +€344 | +0.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Contributions outside capital | 11 | €55,000 | €55,000 | = | 0.0% |
| Other | 1109/19 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,663 | -€105,318 | +€344 | +0.3% |
| Amounts payable | 17/49 | €76,463 | €63,356 | -€13,107 | -17.1% |
| Amounts payable within one year | 42/48 | €76,463 | €63,356 | -€13,107 | -17.1% |
| Trade debts | 44 | €522 | €457 | -€65 | -12.5% |
| Suppliers | 440/4 | €522 | €457 | -€65 | -12.5% |
| Taxes, remuneration and social security | 45 | €1,003 | €1,054 | +€51 | +5.1% |
| Taxes | 450/3 | €1,003 | €1,054 | +€51 | +5.1% |
| Other amounts payable | 47/48 | €74,937 | €61,845 | -€13,092 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,618 | €6,553 | -€11,065 | -62.8% |
| Other operating charges | 640/8 | €2,290 | €1,210 | -€1,079 | -47.1% |
| Gross operating margin | 9900 | -€7,552 | €8,691 | +€16,243 | |
| Operating profit (loss) | 9901 | -€27,460 | €928 | +€28,388 | |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €148 | €214 | +€66 | +44.7% |
| Recurring financial charges | 65 | €148 | €214 | +€66 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,557 | €714 | +€28,271 | |
| Income taxes | 67/77 | €684 | €370 | -€314 | -45.9% |
| Profit (loss) for the period | 9904 | -€28,241 | €344 | +€28,585 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,241 | €344 | +€28,585 |
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 20 October 2026 via checked.be.