DESAUW: what changed
What changed
DESAUW
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€55,520
2024 · €36,708+€18,812
Equity
€946,855
2024 · €891,334+€55,521
Cash
€38,858
2024 · €5,794+€33,064
Balance sheet total
€4.4m
2024 · €4.0m+€361,157
Largest movements
Assets
- Receivables within one year +€392,897
up €392,897 (+27.5%), from €1.4m to €1.8m
of which Trade receivables: +€444,896
- Tangible fixed assets -€83,130
down €83,130 (-12.8%), from €650,532 to €567,402
of which Land and buildings: -€49,334
Equity and liabilities
- Trade debts +€236,625
up €236,625 (+37.4%), from €633,007 to €869,632
- Reserves +€55,521
up €55,521 (+12.1%), from €459,489 to €515,010
of which Distributable reserves: +€52,745
- Debts after one year +€53,488
up €53,488 (+2.4%), from €2.2m to €2.3m
of which Financial debts: +€53,488
Income statement
- Gross operating margin +€150,328
up €150,328 (+11.8%), from €1.3m to €1.4m
- Staff costs +€56,494
up €56,494 (+6.4%), from €875,895 to €932,389
- Taxes +€21,471
up €21,471 (+456%), from €4,710 to €26,181
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,708
Gross operating margin
+€150,328
Staff costs
-€56,494
Depreciation
+€10,954
Other operating charges
-€2,129
Other operating items
-€68,884
Financial income
+€354
Financial charges
+€6,154
Taxes
-€21,471
Result 2025
€55,520
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,343
Investment
-€54,174
Financing
+€58,895
Cash 2024
€5,794
From operations (derived)
+€28,343
Net result for the year
+€55,520
Depreciation
+€116,833
Stocks and contracts
-€9,058
Receivables within one year
-€392,897
Deferred charges and accrued income
+€11,203
Trade debts
+€236,625
Tax, wage and social debts
+€10,117
Investment (derived)
-€54,174
Investment in fixed assets (net)
-€54,174
Financing
+€58,895
Debts after one year
+€53,488
Current portion of long-term debt
+€23,926
Short-term financial debts
-€18,520
Contributions, distributions and other
+€1
Cash 2025
€38,858
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,994,670 | €4,355,827 | +€361,157 | +9.0% |
| Formation expenses | 20 | €51,444 | €70,631 | +€19,187 | +37.3% |
| Fixed assets | 21/28 | €763,760 | €681,914 | -€81,846 | -10.7% |
| Tangible fixed assets | 22/27 | €650,532 | €567,402 | -€83,130 | -12.8% |
| Land and buildings | 22 | €509,834 | €460,500 | -€49,334 | -9.7% |
| Plant, machinery and equipment | 23 | €84,788 | €58,913 | -€25,875 | -30.5% |
| Furniture and vehicles | 24 | €55,909 | €47,989 | -€7,920 | -14.2% |
| Financial fixed assets | 28 | €113,228 | €114,512 | +€1,284 | +1.1% |
| Current assets | 29/58 | €3,179,466 | €3,603,282 | +€423,816 | +13.3% |
| Stocks and contracts in progress | 3 | €1,589,416 | €1,598,474 | +€9,058 | +0.6% |
| Stocks | 30/36 | €969,669 | €981,660 | +€11,991 | +1.2% |
| Contracts in progress | 37 | €619,747 | €616,814 | -€2,933 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,429,937 | €1,822,834 | +€392,897 | +27.5% |
| Trade receivables | 40 | €1,377,302 | €1,822,198 | +€444,896 | +32.3% |
| Other amounts receivable | 41 | €52,635 | €636 | -€51,999 | -98.8% |
| Current investments | 50/53 | €105,610 | €105,610 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,794 | €38,858 | +€33,064 | +571% |
| Deferred charges and accrued income | 490/1 | €48,709 | €37,506 | -€11,203 | -23.0% |
| Total equity and liabilities | 10/49 | €3,994,670 | €4,355,827 | +€361,157 | +9.0% |
| Equity | 10/15 | €891,334 | €946,855 | +€55,521 | +6.2% |
| Contributions | 10/11 | €413,845 | €413,845 | +€0 | 0.0% |
| Capital | 10 | €413,845 | €413,845 | +€0 | 0.0% |
| Issued capital | 100 | €413,845 | €413,845 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €459,489 | €515,010 | +€55,521 | +12.1% |
| Non-distributable reserves | 130/1 | €129,576 | €132,352 | +€2,776 | +2.1% |
| Legal reserve | 130 | €23,966 | €26,742 | +€2,776 | +11.6% |
| Own shares acquired | 1312 | €105,610 | €105,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,704 | €56,704 | -€0 | 0.0% |
| Distributable reserves | 133 | €273,209 | €325,954 | +€52,745 | +19.3% |
| Amounts payable | 17/49 | €3,103,336 | €3,408,972 | +€305,636 | +9.8% |
| Amounts payable after more than one year | 17 | €2,206,619 | €2,260,107 | +€53,488 | +2.4% |
| Financial debts | 170/4 | €2,201,801 | €2,255,289 | +€53,488 | +2.4% |
| Other amounts payable | 178/9 | €4,818 | €4,818 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €896,717 | €1,148,865 | +€252,148 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €121,467 | €145,393 | +€23,926 | +19.7% |
| Financial debts | 43 | €42,072 | €23,552 | -€18,520 | -44.0% |
| Credit institutions | 430/8 | €42,072 | €23,552 | -€18,520 | -44.0% |
| Trade debts | 44 | €633,007 | €869,632 | +€236,625 | +37.4% |
| Suppliers | 440/4 | €633,007 | €869,632 | +€236,625 | +37.4% |
| Taxes, remuneration and social security | 45 | €100,171 | €110,288 | +€10,117 | +10.1% |
| Taxes | 450/3 | €10,161 | €27,521 | +€17,360 | +171% |
| Remuneration and social security | 454/9 | €90,010 | €82,767 | -€7,243 | -8.0% |
| Remuneration, social security and pensions | 62 | €875,895 | €932,389 | +€56,494 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,787 | €116,833 | -€10,954 | -8.6% |
| Other operating charges | 640/8 | €12,046 | €14,175 | +€2,129 | +17.7% |
| Non-recurring operating charges | 66A | €28,007 | €96,891 | +€68,884 | +246% |
| Gross operating margin | 9900 | €1,268,701 | €1,419,029 | +€150,328 | +11.8% |
| Operating profit (loss) | 9901 | €224,965 | €258,741 | +€33,776 | +15.0% |
| Financial income | 75/76B | €38 | €392 | +€354 | +925% |
| Recurring financial income | 75 | €38 | €392 | +€354 | +925% |
| Financial charges | 65/66B | €183,586 | €177,432 | -€6,154 | -3.4% |
| Recurring financial charges | 65 | €183,586 | €177,432 | -€6,154 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €41,417 | €81,701 | +€40,284 | +97.3% |
| Income taxes | 67/77 | €4,710 | €26,181 | +€21,471 | +456% |
| Profit (loss) for the period | 9904 | €36,708 | €55,520 | +€18,812 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,708 | €55,520 | +€18,812 | +51.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.