DESCARIMMO: 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.
What changed
DESCARIMMO
NACE 68.310, Real estate agency activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€664,700
2023 · €1.2m-€559,369
Equity
€14.6m
2023 · €14.2m+€464,700
Cash
€696,928
2023 · €1.6m-€929,658
Balance sheet total
€22.8m
2023 · €22.6m+€260,058
Largest movements
Assets
- Current investments +€994,387
up €994,387 (+26.4%), from €3.8m to €4.8m
- Cash -€929,658
down €929,658 (-57.2%), from €1.6m to €696,928
mainly Investment in fixed assets (net) (-€1.3m) and Current investments (-€994,387)
Equity and liabilities
- Debts after one year -€490,636
down €490,636 (-17.1%), from €2.9m to €2.4m
of which Other amounts payable: -€300,000
- Reserves +€394,718
up €394,718 (+7.9%), from €5.0m to €5.4m
of which Distributable reserves: +€300,000
Income statement
- Gross operating margin -€242,037
down €242,037 (-7.9%), from €3.1m to €2.8m
- Financial charges +€168,367
up €168,367 (+44.8%), from €375,601 to €543,968
- Financial income -€164,360
down €164,360 (-46.4%), from €354,107 to €189,747
- Taxes +€61,743
up €61,743 (+23.0%), from €268,652 to €330,395
- Write-downs -€55,119
down €55,119, from €14,626 to -€40,492
From the 2023 result to the 2024 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.
Result 2023
€1.2m
Gross operating margin
-€242,037
Staff costs
-€3,557
Depreciation
-€43,975
Write-downs
+€55,119
Other operating charges
-€28,034
Financial income
-€164,360
Financial charges
-€168,367
Taxes
-€61,743
Deferred taxes and other
+€97,586
Result 2024
€664,700
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.1m
Investment
-€2.3m
Financing
-€687,114
Cash 2023
€1.6m
From operations (derived)
+€2.1m
Net result for the year
+€664,700
Depreciation
+€1.1m
Receivables within one year
-€12,491
Deferred charges and accrued income
+€13,339
Provisions
+€31,573
Trade debts
+€125,191
Tax, wage and social debts
+€34,398
Other debts
-€28,492
Accrued charges and deferred income
+€119,803
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€1.3m
Current investments
-€994,387
Financing
-€687,114
Debts after one year
-€490,636
Current portion of long-term debt
+€3,522
Contributions, distributions and other
-€200,000
Cash 2024
€696,928
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,565,778 | €22,825,836 | +€260,058 | +1.2% |
| Fixed assets | 21/28 | €16,993,183 | €17,189,360 | +€196,177 | +1.2% |
| Tangible fixed assets | 22/27 | €16,992,785 | €17,188,962 | +€196,177 | +1.2% |
| Land and buildings | 22 | €16,958,870 | €17,105,182 | +€146,312 | +0.9% |
| Furniture and vehicles | 24 | €33,915 | €83,780 | +€49,865 | +147.0% |
| Financial fixed assets | 28 | €398 | €398 | = | 0.0% |
| Current assets | 29/58 | €5,572,595 | €5,636,476 | +€63,881 | +1.1% |
| Amounts receivable within one year | 40/41 | €165,868 | €178,360 | +€12,491 | +7.5% |
| Trade receivables | 40 | €67,259 | €66,917 | -€342 | -0.5% |
| Other amounts receivable | 41 | €98,609 | €111,442 | +€12,833 | +13.0% |
| Current investments | 50/53 | €3,762,605 | €4,756,992 | +€994,387 | +26.4% |
| Cash at bank and in hand | 54/58 | €1,626,586 | €696,928 | -€929,658 | -57.2% |
| Deferred charges and accrued income | 490/1 | €17,535 | €4,196 | -€13,339 | -76.1% |
| Total equity and liabilities | 10/49 | €22,565,778 | €22,825,836 | +€260,058 | +1.2% |
| Equity | 10/15 | €14,164,992 | €14,629,692 | +€464,700 | +3.3% |
| Contributions | 10/11 | €8,655,500 | €8,655,500 | = | 0.0% |
| Reserves | 13 | €4,977,542 | €5,372,260 | +€394,718 | +7.9% |
| Tax-exempt reserves | 132 | €797,542 | €892,260 | +€94,718 | +11.9% |
| Distributable reserves | 133 | €4,180,000 | €4,480,000 | +€300,000 | +7.2% |
| Profit (loss) carried forward | 14 | €531,949 | €601,931 | +€69,982 | +13.2% |
| Provisions and deferred taxes | 16 | €265,847 | €297,420 | +€31,573 | +11.9% |
| Deferred taxes | 168 | €265,847 | €297,420 | +€31,573 | +11.9% |
| Amounts payable | 17/49 | €8,134,939 | €7,898,724 | -€236,214 | -2.9% |
| Amounts payable after more than one year | 17 | €2,865,503 | €2,374,867 | -€490,636 | -17.1% |
| Financial debts | 170/4 | €1,015,503 | €824,867 | -€190,636 | -18.8% |
| Other amounts payable | 178/9 | €1,850,000 | €1,550,000 | -€300,000 | -16.2% |
| Amounts payable within one year | 42/48 | €5,073,738 | €5,208,357 | +€134,619 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €487,114 | €490,636 | +€3,522 | +0.7% |
| Trade debts | 44 | €101,910 | €227,100 | +€125,191 | +122.8% |
| Suppliers | 440/4 | €101,910 | €227,100 | +€125,191 | +122.8% |
| Taxes, remuneration and social security | 45 | €209,670 | €244,067 | +€34,398 | +16.4% |
| Taxes | 450/3 | €200,938 | €232,847 | +€31,909 | +15.9% |
| Remuneration and social security | 454/9 | €8,732 | €11,221 | +€2,489 | +28.5% |
| Other amounts payable | 47/48 | €4,275,045 | €4,246,553 | -€28,492 | -0.7% |
| Accrued charges and deferred income | 492/3 | €195,697 | €315,500 | +€119,803 | +61.2% |
| Remuneration, social security and pensions | 62 | €32,453 | €36,010 | +€3,557 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,061,995 | €1,105,970 | +€43,975 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,626 | -€40,492 | -€55,119 | |
| Other operating charges | 640/8 | €317,704 | €345,739 | +€28,034 | +8.8% |
| Gross operating margin | 9900 | €3,070,152 | €2,828,115 | -€242,037 | -7.9% |
| Operating profit (loss) | 9901 | €1,643,374 | €1,380,889 | -€262,484 | -16.0% |
| Financial income | 75/76B | €354,107 | €189,747 | -€164,360 | -46.4% |
| Recurring financial income | 75 | €354,107 | €189,747 | -€164,360 | -46.4% |
| Financial charges | 65/66B | €375,601 | €543,968 | +€168,367 | +44.8% |
| Recurring financial charges | 65 | €375,601 | €543,968 | +€168,367 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €1,621,879 | €1,026,668 | -€595,212 | -36.7% |
| Transfer from deferred taxes | 780 | €7,574 | €11,088 | +€3,515 | +46.4% |
| Transfer to deferred taxes | 680 | €136,732 | €42,661 | -€94,071 | -68.8% |
| Income taxes | 67/77 | €268,652 | €330,395 | +€61,743 | +23.0% |
| Profit (loss) for the period | 9904 | €1,224,069 | €664,700 | -€559,369 | -45.7% |
| Transfer from tax-exempt reserves | 789 | €22,721 | €33,265 | +€10,544 | +46.4% |
| Transfer to tax-exempt reserves | 689 | €410,196 | €127,983 | -€282,213 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €836,594 | €569,982 | -€266,612 | -31.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.