DESCAMPS PROJECTS: 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.
DESCAMPS PROJECTS
Largest movements
- Receivables within one year +€606,782
up €606,782 (+65.4%), from €928,469 to €1.5m
of which Other amounts receivable: +€560,435
- Stocks and contracts +€119,866
new in 2025: €119,866
- Cash +€66,185
up €66,185 (+60.7%), from €108,949 to €175,134
mainly Net result for the year (+€679,913) and Tax, wage and social debts (+€381,585)
- Deferred charges and accrued income +€62,009
up €62,009 (+1,690%), from €3,668 to €65,677
- Reserves +€503,862
up €503,862 (+22.6%), from €2.2m to €2.7m
of which Distributable reserves: +€609,887
- Tax, wage and social debts +€381,585
up €381,585 (+119%), from €320,895 to €702,481
- Gross operating margin +€623,605
up €623,605 (+109%), from €569,940 to €1.2m
- Taxes +€255,065
up €255,065 (+92.1%), from €276,972 to €532,037
- Financial income +€41,670
up €41,670 (+82.4%), from €50,559 to €92,229
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 | €2,637,594 | €3,511,690 | +€874,096 | +33.1% |
| Fixed assets | 21/28 | €1,596,509 | €1,615,763 | +€19,254 | +1.2% |
| Intangible fixed assets | 21 | €286 | €4,189 | +€3,903 | +1,366% |
| Tangible fixed assets | 22/27 | €1,596,223 | €1,611,574 | +€15,351 | +1.0% |
| Land and buildings | 22 | €1,487,609 | €1,452,327 | -€35,282 | -2.4% |
| Plant, machinery and equipment | 23 | €8,129 | €7,708 | -€421 | -5.2% |
| Furniture and vehicles | 24 | €97,499 | €78,451 | -€19,048 | -19.5% |
| Other tangible fixed assets | 26 | €2,986 | €73,088 | +€70,101 | +2,348% |
| Current assets | 29/58 | €1,041,086 | €1,895,927 | +€854,842 | +82.1% |
| Stocks and contracts in progress | 3 | - | €119,866 | +€119,866 | |
| Stocks | 30/36 | - | €119,866 | +€119,866 | |
| Amounts receivable within one year | 40/41 | €928,469 | €1,535,250 | +€606,782 | +65.4% |
| Trade receivables | 40 | €35,719 | €82,066 | +€46,347 | +130% |
| Other amounts receivable | 41 | €892,750 | €1,453,184 | +€560,435 | +62.8% |
| Cash at bank and in hand | 54/58 | €108,949 | €175,134 | +€66,185 | +60.7% |
| Deferred charges and accrued income | 490/1 | €3,668 | €65,677 | +€62,009 | +1,690% |
| Total equity and liabilities | 10/49 | €2,637,594 | €3,511,690 | +€874,096 | +33.1% |
| Equity | 10/15 | €2,284,668 | €2,788,530 | +€503,862 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €50,694 | €50,694 | = | 0.0% |
| Reserves | 13 | €2,227,774 | €2,731,636 | +€503,862 | +22.6% |
| Tax-exempt reserves | 132 | €327,050 | €221,025 | -€106,025 | -32.4% |
| Distributable reserves | 133 | €1,900,724 | €2,510,611 | +€609,887 | +32.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €352,926 | €723,160 | +€370,234 | +105% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €352,450 | €720,428 | +€367,978 | +104% |
| Trade debts | 44 | €24,675 | €17,212 | -€7,463 | -30.2% |
| Suppliers | 440/4 | €24,675 | €17,212 | -€7,463 | -30.2% |
| Advances received on contracts in progress | 46 | €6,145 | €0 | -€6,145 | -100% |
| Taxes, remuneration and social security | 45 | €320,895 | €702,481 | +€381,585 | +119% |
| Taxes | 450/3 | €320,895 | €702,481 | +€381,585 | +119% |
| Other amounts payable | 47/48 | €735 | €735 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €477 | €2,733 | +€2,256 | +473% |
| Non-recurring operating income | 76A | €5,000 | €1,387,433 | +€1.4m | +27,649% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,811 | €66,544 | -€3,267 | -4.7% |
| Other operating charges | 640/8 | €4,337 | €6,007 | +€1,669 | +38.5% |
| Gross operating margin | 9900 | €569,940 | €1,193,545 | +€623,605 | +109% |
| Operating profit (loss) | 9901 | €495,791 | €1,120,994 | +€625,203 | +126% |
| Financial income | 75/76B | €50,559 | €92,229 | +€41,670 | +82.4% |
| Recurring financial income | 75 | €50,559 | €92,229 | +€41,670 | +82.4% |
| Financial charges | 65/66B | €3,707 | €1,274 | -€2,433 | -65.6% |
| Recurring financial charges | 65 | €3,707 | €1,274 | -€2,433 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €542,643 | €1,211,950 | +€669,306 | +123% |
| Income taxes | 67/77 | €276,972 | €532,037 | +€255,065 | +92.1% |
| Profit (loss) for the period | 9904 | €265,671 | €679,913 | +€414,242 | +156% |
| Transfer from tax-exempt reserves | 789 | €141,625 | €106,025 | -€35,600 | -25.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €407,296 | €785,938 | +€378,642 | +93.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.