DESAMI: 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.
DESAMI
Largest movements
- Cash +€225,528
up €225,528 (+100.6%), from €224,191 to €449,719
mainly Net result for the year (+€831,741) and Depreciation (+€229,270)
- Stocks and contracts -€96,987
down €96,987 (-6.9%), from €1.4m to €1.3m
- Intangible fixed assets -€79,786
down €79,786 (-18.4%), from €434,107 to €354,321
- Receivables within one year +€56,791
up €56,791 (+2.8%), from €2.0m to €2.1m
of which Trade receivables: +€233,693
- Reserves +€800,000
up €800,000 (+66.4%), from €1.2m to €2.0m
of which Distributable reserves: +€800,000
- Short-term financial debts -€500,000
down €500,000 (-50.0%), from €1.0m to €500,000
- Trade debts -€296,568
down €296,568 (-38.8%), from €763,940 to €467,372
- Gross operating margin +€1.0m
up €1.0m (+110.2%), from €913,796 to €1.9m
- Staff costs +€301,010
up €301,010 (+68.0%), from €442,644 to €743,654
- Taxes +€130,882
up €130,882 (+434.2%), from €30,141 to €161,023
- Other operating charges -€46,606
down €46,606 (-83.1%), from €56,062 to €9,456
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 | €4,158,422 | €4,284,384 | +€125,962 | +3.0% |
| Fixed assets | 21/28 | €502,634 | €417,011 | -€85,624 | -17.0% |
| Intangible fixed assets | 21 | €434,107 | €354,321 | -€79,786 | -18.4% |
| Tangible fixed assets | 22/27 | €37,865 | €40,141 | +€2,277 | +6.0% |
| Plant, machinery and equipment | 23 | €19,211 | €33,471 | +€14,260 | +74.2% |
| Furniture and vehicles | 24 | €18,607 | €6,670 | -€11,937 | -64.2% |
| Other tangible fixed assets | 26 | €46 | €0 | -€46 | -100.0% |
| Financial fixed assets | 28 | €30,663 | €22,549 | -€8,115 | -26.5% |
| Current assets | 29/58 | €3,655,788 | €3,867,373 | +€211,585 | +5.8% |
| Stocks and contracts in progress | 3 | €1,396,817 | €1,299,829 | -€96,987 | -6.9% |
| Stocks | 30/36 | €1,396,817 | €1,299,829 | -€96,987 | -6.9% |
| Amounts receivable within one year | 40/41 | €2,026,796 | €2,083,587 | +€56,791 | +2.8% |
| Trade receivables | 40 | €1,600,050 | €1,833,742 | +€233,693 | +14.6% |
| Other amounts receivable | 41 | €426,746 | €249,845 | -€176,902 | -41.5% |
| Cash at bank and in hand | 54/58 | €224,191 | €449,719 | +€225,528 | +100.6% |
| Deferred charges and accrued income | 490/1 | €7,984 | €34,238 | +€26,254 | +328.8% |
| Total equity and liabilities | 10/49 | €4,158,422 | €4,284,384 | +€125,962 | +3.0% |
| Equity | 10/15 | €2,092,605 | €2,933,995 | +€841,390 | +40.2% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €1,204,951 | €2,004,951 | +€800,000 | +66.4% |
| Non-distributable reserves | 130/1 | €4,951 | €4,951 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,951 | €4,951 | = | 0.0% |
| Distributable reserves | 133 | €1,200,000 | €2,000,000 | +€800,000 | +66.7% |
| Profit (loss) carried forward | 14 | €222,915 | €254,656 | +€31,741 | +14.2% |
| Investment grants | 15 | €214,739 | €224,388 | +€9,649 | +4.5% |
| Amounts payable | 17/49 | €2,065,817 | €1,350,389 | -€715,428 | -34.6% |
| Amounts payable within one year | 42/48 | €2,065,817 | €1,350,389 | -€715,428 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €241,024 | €232,490 | -€8,534 | -3.5% |
| Financial debts | 43 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Credit institutions | 430/8 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Trade debts | 44 | €763,940 | €467,372 | -€296,568 | -38.8% |
| Suppliers | 440/4 | €763,940 | €467,372 | -€296,568 | -38.8% |
| Advances received on contracts in progress | 46 | - | €27,995 | +€27,995 | |
| Taxes, remuneration and social security | 45 | €58,885 | €81,183 | +€22,298 | +37.9% |
| Taxes | 450/3 | €9,654 | €59,422 | +€49,768 | +515.5% |
| Remuneration and social security | 454/9 | €49,231 | €21,762 | -€27,470 | -55.8% |
| Other amounts payable | 47/48 | €1,968 | €41,349 | +€39,381 | +2000.9% |
| Remuneration, social security and pensions | 62 | €442,644 | €743,654 | +€301,010 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,319 | €229,270 | -€13,049 | -5.4% |
| Other operating charges | 640/8 | €56,062 | €9,456 | -€46,606 | -83.1% |
| Gross operating margin | 9900 | €913,796 | €1,920,964 | +€1.0m | +110.2% |
| Operating profit (loss) | 9901 | €172,771 | €938,585 | +€765,813 | +443.3% |
| Financial income | 75/76B | €114,902 | €109,450 | -€5,452 | -4.7% |
| Recurring financial income | 75 | €114,902 | €109,450 | -€5,452 | -4.7% |
| Financial charges | 65/66B | €60,648 | €55,270 | -€5,377 | -8.9% |
| Recurring financial charges | 65 | €60,648 | €55,270 | -€5,377 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €227,026 | €992,764 | +€765,738 | +337.3% |
| Income taxes | 67/77 | €30,141 | €161,023 | +€130,882 | +434.2% |
| Profit (loss) for the period | 9904 | €196,885 | €831,741 | +€634,856 | +322.4% |
| Profit (loss) for the period to be appropriated | 9905 | €196,885 | €831,741 | +€634,856 | +322.4% |
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 7 October 2026 via checked.be.