Desanco: 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.
Desanco
Largest movements
- Tangible fixed assets -€23,842
down €23,842 (-10.9%), from €219,345 to €195,503
of which Other tangible fixed assets: -€19,226
- Cash +€12,795
up €12,795 (+13.7%), from €93,706 to €106,501
mainly Depreciation (+€23,842) and Other debts (+€17,094)
- Debts after one year -€21,062
down €21,062 (-33.5%), from €62,853 to €41,790
- Other debts +€17,094
up €17,094 (+760.3%), from €2,248 to €19,343
- Trade debts -€9,834
down €9,834 (-35.6%), from €27,662 to €17,827
- Gross operating margin +€32,859
up €32,859 (+20.8%), from €157,708 to €190,567
- Staff costs -€4,301
down €4,301 (-3.0%), from €144,566 to €140,265
- Taxes +€3,280
up €3,280 (+1534.0%), from €214 to €3,494
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 | €346,473 | €335,980 | -€10,494 | -3.0% |
| Fixed assets | 21/28 | €226,046 | €202,204 | -€23,842 | -10.5% |
| Tangible fixed assets | 22/27 | €219,345 | €195,503 | -€23,842 | -10.9% |
| Plant, machinery and equipment | 23 | €3,850 | €2,754 | -€1,096 | -28.5% |
| Furniture and vehicles | 24 | €6,592 | €3,072 | -€3,520 | -53.4% |
| Other tangible fixed assets | 26 | €208,903 | €189,677 | -€19,226 | -9.2% |
| Financial fixed assets | 28 | €6,701 | €6,701 | = | 0.0% |
| Current assets | 29/58 | €120,428 | €133,776 | +€13,348 | +11.1% |
| Stocks and contracts in progress | 3 | €21,157 | €22,287 | +€1,130 | +5.3% |
| Stocks | 30/36 | €21,157 | €22,287 | +€1,130 | +5.3% |
| Amounts receivable within one year | 40/41 | €4,850 | €3,898 | -€952 | -19.6% |
| Trade receivables | 40 | - | €1,398 | +€1,398 | |
| Other amounts receivable | 41 | €4,850 | €2,500 | -€2,350 | -48.5% |
| Cash at bank and in hand | 54/58 | €93,706 | €106,501 | +€12,795 | +13.7% |
| Deferred charges and accrued income | 490/1 | €715 | €1,090 | +€375 | +52.5% |
| Total equity and liabilities | 10/49 | €346,473 | €335,980 | -€10,494 | -3.0% |
| Equity | 10/15 | €211,948 | €211,994 | +€46 | 0.0% |
| Contributions | 10/11 | €9,349 | €9,349 | = | 0.0% |
| Reserves | 13 | €202,599 | €202,645 | +€46 | 0.0% |
| Tax-exempt reserves | 132 | €12,912 | €12,912 | = | 0.0% |
| Distributable reserves | 133 | €189,687 | €189,733 | +€46 | 0.0% |
| Amounts payable | 17/49 | €134,525 | €123,986 | -€10,540 | -7.8% |
| Amounts payable after more than one year | 17 | €62,853 | €41,790 | -€21,062 | -33.5% |
| Financial debts | 170/4 | €62,853 | €41,790 | -€21,062 | -33.5% |
| Amounts payable within one year | 42/48 | €71,673 | €82,195 | +€10,523 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €20,693 | €21,062 | +€369 | +1.8% |
| Trade debts | 44 | €27,662 | €17,827 | -€9,834 | -35.6% |
| Suppliers | 440/4 | €27,662 | €17,827 | -€9,834 | -35.6% |
| Taxes, remuneration and social security | 45 | €21,070 | €23,963 | +€2,893 | +13.7% |
| Taxes | 450/3 | €6,479 | €8,064 | +€1,586 | +24.5% |
| Remuneration and social security | 454/9 | €14,591 | €15,899 | +€1,308 | +9.0% |
| Other amounts payable | 47/48 | €2,248 | €19,343 | +€17,094 | +760.3% |
| Remuneration, social security and pensions | 62 | €144,566 | €140,265 | -€4,301 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,899 | €23,842 | -€58 | -0.2% |
| Other operating charges | 640/8 | €3,635 | €3,578 | -€57 | -1.6% |
| Non-recurring operating charges | 66A | €2,459 | - | -€2,459 | |
| Gross operating margin | 9900 | €157,708 | €190,567 | +€32,859 | +20.8% |
| Operating profit (loss) | 9901 | -€16,851 | €22,883 | +€39,734 | |
| Financial charges | 65/66B | €2,381 | €2,583 | +€202 | +8.5% |
| Recurring financial charges | 65 | €2,381 | €2,583 | +€202 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,232 | €20,300 | +€39,532 | |
| Income taxes | 67/77 | €214 | €3,494 | +€3,280 | +1534.0% |
| Profit (loss) for the period | 9904 | -€19,446 | €16,806 | +€36,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,446 | €16,806 | +€36,252 |
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 11 October 2026 via checked.be.