DESCO HOLDING: 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.
DESCO HOLDING
Largest movements
- Intangible fixed assets -€97,901
down €97,901 (-20.0%), from €489,504 to €391,603
- Tangible fixed assets +€79,435
up €79,435 (+12.0%), from €664,281 to €743,716
of which Land and buildings: +€80,005
- Receivables within one year +€25,664
up €25,664 (+19.3%), from €133,086 to €158,750
of which Trade receivables: +€26,740
- Other debts +€83,623
up €83,623 (+513%), from €16,302 to €99,926
- Current portion of long-term debt -€43,086
down €43,086 (-51.5%), from €83,657 to €40,571
- Profit (loss) carried forward -€33,450
down €33,450 (-9.0%), from €371,116 to €337,666
- Debts after one year +€24,107
up €24,107 (+4.0%), from €609,392 to €633,498
of which Financial debts: +€32,618
- Reserves -€16,201
down €16,201 (-17.0%), from €95,208 to €79,007
of which Tax-exempt reserves: -€16,201
- Gross operating margin +€7,159
up €7,159 (+6.5%), from €110,159 to €117,318
- Other operating charges +€3,971
up €3,971 (+47.5%), from €8,368 to €12,339
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 | €1,316,771 | €1,325,495 | +€8,724 | +0.7% |
| Fixed assets | 21/28 | €1,153,785 | €1,135,319 | -€18,466 | -1.6% |
| Intangible fixed assets | 21 | €489,504 | €391,603 | -€97,901 | -20.0% |
| Tangible fixed assets | 22/27 | €664,281 | €743,716 | +€79,435 | +12.0% |
| Land and buildings | 22 | €659,341 | €739,346 | +€80,005 | +12.1% |
| Plant, machinery and equipment | 23 | €4,940 | €4,370 | -€570 | -11.5% |
| Current assets | 29/58 | €162,986 | €190,176 | +€27,190 | +16.7% |
| Amounts receivable within one year | 40/41 | €133,086 | €158,750 | +€25,664 | +19.3% |
| Trade receivables | 40 | €132,010 | €158,750 | +€26,740 | +20.3% |
| Other amounts receivable | 41 | €1,076 | €0 | -€1,076 | -100% |
| Cash at bank and in hand | 54/58 | €16,892 | €16,840 | -€52 | -0.3% |
| Deferred charges and accrued income | 490/1 | €13,008 | €14,586 | +€1,578 | +12.1% |
| Total equity and liabilities | 10/49 | €1,316,771 | €1,325,495 | +€8,724 | +0.7% |
| Equity | 10/15 | €484,923 | €435,272 | -€49,651 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,208 | €79,007 | -€16,201 | -17.0% |
| 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 | €93,348 | €77,147 | -€16,201 | -17.4% |
| Profit (loss) carried forward | 14 | €371,116 | €337,666 | -€33,450 | -9.0% |
| Provisions and deferred taxes | 16 | €37,760 | €29,511 | -€8,248 | -21.8% |
| Deferred taxes | 168 | €37,760 | €29,511 | -€8,248 | -21.8% |
| Amounts payable | 17/49 | €794,088 | €860,712 | +€66,624 | +8.4% |
| Amounts payable after more than one year | 17 | €609,392 | €633,498 | +€24,107 | +4.0% |
| Financial debts | 170/4 | €221,816 | €254,435 | +€32,618 | +14.7% |
| Other amounts payable | 178/9 | €387,575 | €379,064 | -€8,511 | -2.2% |
| Amounts payable within one year | 42/48 | €184,697 | €227,213 | +€42,517 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €83,657 | €40,571 | -€43,086 | -51.5% |
| Trade debts | 44 | €57,323 | €55,457 | -€1,866 | -3.3% |
| Suppliers | 440/4 | €57,323 | €55,457 | -€1,866 | -3.3% |
| Advances received on contracts in progress | 46 | €16,940 | €16,940 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,475 | €14,320 | +€3,845 | +36.7% |
| Taxes | 450/3 | €10,412 | €12,223 | +€1,811 | +17.4% |
| Remuneration and social security | 454/9 | €63 | €2,097 | +€2,034 | +3,238% |
| Other amounts payable | 47/48 | €16,302 | €99,926 | +€83,623 | +513% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,633 | €135,758 | +€1,125 | +0.8% |
| Other operating charges | 640/8 | €8,368 | €12,339 | +€3,971 | +47.5% |
| Gross operating margin | 9900 | €110,159 | €117,318 | +€7,159 | +6.5% |
| Operating profit (loss) | 9901 | -€32,843 | -€30,779 | +€2,064 | +6.3% |
| Financial income | 75/76B | €132 | €9 | -€123 | -93.5% |
| Recurring financial income | 75 | €132 | €9 | -€123 | -93.5% |
| Financial charges | 65/66B | €10,695 | €9,870 | -€825 | -7.7% |
| Recurring financial charges | 65 | €10,695 | €9,870 | -€825 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€43,406 | -€40,640 | +€2,766 | +6.4% |
| Transfer from deferred taxes | 780 | €8,248 | €8,248 | = | 0.0% |
| Income taxes | 67/77 | €16,824 | €17,259 | +€435 | +2.6% |
| Profit (loss) for the period | 9904 | -€51,982 | -€49,651 | +€2,331 | +4.5% |
| Transfer from tax-exempt reserves | 789 | €16,201 | €16,201 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,781 | -€33,450 | +€2,331 | +6.5% |
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 19 October 2026 via checked.be.