Desart: 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.
Desart
Largest movements
- Tangible fixed assets +€193,258
up €193,258 (+35.9%), from €538,599 to €731,858
of which Assets under construction and advance payments: +€210,000
- Cash +€78,981
up €78,981 (+31.6%), from €250,092 to €329,073
mainly Net result for the year (+€223,546) and Trade debts (+€97,333)
- Stocks and contracts +€51,203
up €51,203 (+251.7%), from €20,347 to €71,550
- Reserves +€223,546
up €223,546 (+86.1%), from €259,744 to €483,290
of which Tax-exempt reserves: +€126,300
- Trade debts +€97,333
up €97,333 (+106.2%), from €91,678 to €189,010
- Debts after one year -€37,901
down €37,901 (-12.9%), from €294,058 to €256,157
- Tax, wage and social debts +€33,973
up €33,973 (+120.3%), from €28,243 to €62,217
of which Taxes: +€17,142
- Gross operating margin +€77,177
up €77,177 (+12.6%), from €611,462 to €688,638
- Staff costs +€42,650
up €42,650 (+16.4%), from €259,319 to €301,968
- Taxes +€31,978
up €31,978 (+51.3%), from €62,364 to €94,343
- Financial charges -€29,249
down €29,249 (-76.0%), from €38,483 to €9,234
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 | €837,333 | €1,157,265 | +€319,932 | +38.2% |
| Fixed assets | 21/28 | €538,599 | €731,858 | +€193,258 | +35.9% |
| Tangible fixed assets | 22/27 | €538,599 | €731,858 | +€193,258 | +35.9% |
| Land and buildings | 22 | €473,324 | €447,658 | -€25,667 | -5.4% |
| Plant, machinery and equipment | 23 | €56,893 | €65,818 | +€8,925 | +15.7% |
| Other tangible fixed assets | 26 | €8,382 | €8,382 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €210,000 | +€210,000 | |
| Current assets | 29/58 | €298,734 | €425,407 | +€126,673 | +42.4% |
| Stocks and contracts in progress | 3 | €20,347 | €71,550 | +€51,203 | +251.7% |
| Stocks | 30/36 | €20,347 | €71,550 | +€51,203 | +251.7% |
| Amounts receivable within one year | 40/41 | €28,295 | €24,784 | -€3,512 | -12.4% |
| Trade receivables | 40 | €19,880 | €24,784 | +€4,904 | +24.7% |
| Other amounts receivable | 41 | €8,415 | - | -€8,415 | |
| Cash at bank and in hand | 54/58 | €250,092 | €329,073 | +€78,981 | +31.6% |
| Total equity and liabilities | 10/49 | €837,333 | €1,157,265 | +€319,932 | +38.2% |
| Equity | 10/15 | €269,744 | €493,290 | +€223,546 | +82.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €259,744 | €483,290 | +€223,546 | +86.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €210,500 | +€126,300 | +150.0% |
| Distributable reserves | 133 | €173,684 | €270,930 | +€97,246 | +56.0% |
| Amounts payable | 17/49 | €567,589 | €663,974 | +€96,385 | +17.0% |
| Amounts payable after more than one year | 17 | €294,058 | €256,157 | -€37,901 | -12.9% |
| Financial debts | 170/4 | €294,058 | €256,157 | -€37,901 | -12.9% |
| Amounts payable within one year | 42/48 | €261,042 | €393,252 | +€132,209 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €43,952 | €37,901 | -€6,052 | -13.8% |
| Trade debts | 44 | €91,678 | €189,010 | +€97,333 | +106.2% |
| Suppliers | 440/4 | €91,678 | €189,010 | +€97,333 | +106.2% |
| Taxes, remuneration and social security | 45 | €28,243 | €62,217 | +€33,973 | +120.3% |
| Taxes | 450/3 | €28,243 | €45,386 | +€17,142 | +60.7% |
| Remuneration and social security | 454/9 | - | €16,831 | +€16,831 | |
| Other amounts payable | 47/48 | €97,169 | €104,124 | +€6,955 | +7.2% |
| Accrued charges and deferred income | 492/3 | €12,489 | €14,566 | +€2,077 | +16.6% |
| Remuneration, social security and pensions | 62 | €259,319 | €301,968 | +€42,650 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,572 | €56,122 | +€5,550 | +11.0% |
| Other operating charges | 640/8 | €2,145 | €4,212 | +€2,067 | +96.4% |
| Gross operating margin | 9900 | €611,462 | €688,638 | +€77,177 | +12.6% |
| Operating profit (loss) | 9901 | €299,425 | €326,335 | +€26,910 | +9.0% |
| Financial income | 75/76B | €3,549 | €788 | -€2,761 | -77.8% |
| Recurring financial income | 75 | €3,549 | €788 | -€2,761 | -77.8% |
| Financial charges | 65/66B | €38,483 | €9,234 | -€29,249 | -76.0% |
| Recurring financial charges | 65 | €38,483 | €9,234 | -€29,249 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €264,491 | €317,889 | +€53,398 | +20.2% |
| Income taxes | 67/77 | €62,364 | €94,343 | +€31,978 | +51.3% |
| Profit (loss) for the period | 9904 | €202,127 | €223,546 | +€21,419 | +10.6% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €126,300 | +€42,100 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,927 | €97,246 | -€20,681 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.