DESALPINES: 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.
DESALPINES
Largest movements
- Receivables within one year -€34,245
down €34,245 (-26.4%), from €129,505 to €95,261
- Cash +€2,036
up €2,036 (+16.5%), from €12,345 to €14,381
mainly Receivables within one year (+€34,245) and Net result for the year (+€31,660)
- Other debts -€62,649
down €62,649 (-72.3%), from €86,634 to €23,984
- Reserves +€31,660
up €31,660 (+182%), from €17,353 to €49,013
- Tax, wage and social debts -€15,538
down €15,538 (-49.3%), from €31,492 to €15,954
of which Taxes: -€15,538
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Trade debts +€4,180
up €4,180 (+352%), from €1,188 to €5,368
- Gross operating margin -€3,209
down €3,209 (-6.7%), from €47,850 to €44,641
- Taxes +€1,020
up €1,020 (+10.1%), from €10,141 to €11,161
- Other operating charges +€531
up €531 (+69.8%), from €761 to €1,292
- Depreciation -€515
down €515 (-100%), from €515 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 | €142,897 | €110,449 | -€32,448 | -22.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €255 | €0 | -€255 | -100% |
| Tangible fixed assets | 22/27 | €255 | €0 | -€255 | -100% |
| Plant, machinery and equipment | 23 | €255 | €0 | -€255 | -100% |
| Current assets | 29/58 | €142,642 | €110,449 | -€32,193 | -22.6% |
| Amounts receivable within one year | 40/41 | €129,505 | €95,261 | -€34,245 | -26.4% |
| Trade receivables | 40 | €129,505 | €95,261 | -€34,245 | -26.4% |
| Cash at bank and in hand | 54/58 | €12,345 | €14,381 | +€2,036 | +16.5% |
| Deferred charges and accrued income | 490/1 | €792 | €808 | +€15 | +1.9% |
| Total equity and liabilities | 10/49 | €142,897 | €110,449 | -€32,448 | -22.7% |
| Equity | 10/15 | €23,353 | €55,013 | +€31,660 | +136% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €17,353 | €49,013 | +€31,660 | +182% |
| Distributable reserves | 133 | €17,353 | €49,013 | +€31,660 | +182% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,544 | €55,435 | -€64,109 | -53.6% |
| Amounts payable within one year | 42/48 | €119,313 | €55,306 | -€64,007 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €1,188 | €5,368 | +€4,180 | +352% |
| Suppliers | 440/4 | €1,188 | €5,368 | +€4,180 | +352% |
| Taxes, remuneration and social security | 45 | €31,492 | €15,954 | -€15,538 | -49.3% |
| Taxes | 450/3 | €31,492 | €15,954 | -€15,538 | -49.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €86,634 | €23,984 | -€62,649 | -72.3% |
| Accrued charges and deferred income | 492/3 | €231 | €129 | -€102 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | €0 | -€515 | -100% |
| Other operating charges | 640/8 | €761 | €1,292 | +€531 | +69.8% |
| Non-recurring operating charges | 66A | - | €255 | +€255 | |
| Gross operating margin | 9900 | €47,850 | €44,641 | -€3,209 | -6.7% |
| Operating profit (loss) | 9901 | €46,573 | €43,093 | -€3,480 | -7.5% |
| Financial charges | 65/66B | €589 | €272 | -€317 | -53.8% |
| Recurring financial charges | 65 | €589 | €272 | -€317 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €45,985 | €42,821 | -€3,163 | -6.9% |
| Income taxes | 67/77 | €10,141 | €11,161 | +€1,020 | +10.1% |
| Profit (loss) for the period | 9904 | €35,844 | €31,660 | -€4,183 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,844 | €31,660 | -€4,183 | -11.7% |
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 17 October 2026 via checked.be.