DESCY IMMO: 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.
DESCY IMMO
Largest movements
- Receivables within one year -€196,948
down €196,948 (-43.1%), from €456,919 to €259,971
of which Trade receivables: -€197,263
- Tangible fixed assets -€42,224
down €42,224 (-9.6%), from €439,966 to €397,742
of which Land and buildings: -€38,424
- Cash +€20,590
up €20,590 (+23.6%), from €87,093 to €107,683
mainly Receivables within one year (+€196,948) and Depreciation (+€52,222)
- Trade debts -€96,637
down €96,637 (-77.0%), from €125,527 to €28,891
- Tax, wage and social debts -€82,514
down €82,514 (-61.8%), from €133,587 to €51,072
of which Remuneration and social security: -€48,506
- Debts after one year -€66,229
down €66,229 (-12.3%), from €537,356 to €471,127
- Other debts +€12,955
up €12,955 (+56.9%), from €22,758 to €35,714
- Profit (loss) carried forward +€12,427
up €12,427 (+10.2%), from €121,923 to €134,350
- Gross operating margin -€118,520
down €118,520 (-30.5%), from €388,948 to €270,429
- Staff costs -€51,563
down €51,563 (-23.4%), from €220,414 to €168,851
- Depreciation +€30,838
up €30,838 (+144.2%), from €21,384 to €52,222
- Other operating charges -€13,793
down €13,793 (-70.2%), from €19,653 to €5,860
- Taxes -€5,487
down €5,487 (-22.7%), from €24,222 to €18,735
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,704 | €798,101 | -€226,603 | -22.1% |
| Fixed assets | 21/28 | €480,409 | €430,097 | -€50,313 | -10.5% |
| Intangible fixed assets | 21 | €40,443 | €32,355 | -€8,089 | -20.0% |
| Tangible fixed assets | 22/27 | €439,966 | €397,742 | -€42,224 | -9.6% |
| Land and buildings | 22 | €434,047 | €395,623 | -€38,424 | -8.9% |
| Furniture and vehicles | 24 | €5,919 | €2,119 | -€3,800 | -64.2% |
| Current assets | 29/58 | €544,295 | €368,004 | -€176,291 | -32.4% |
| Amounts receivable within one year | 40/41 | €456,919 | €259,971 | -€196,948 | -43.1% |
| Trade receivables | 40 | €401,919 | €204,657 | -€197,263 | -49.1% |
| Other amounts receivable | 41 | €55,000 | €55,315 | +€315 | +0.6% |
| Cash at bank and in hand | 54/58 | €87,093 | €107,683 | +€20,590 | +23.6% |
| Deferred charges and accrued income | 490/1 | €282 | €350 | +€67 | +23.9% |
| Total equity and liabilities | 10/49 | €1,024,704 | €798,101 | -€226,603 | -22.1% |
| Equity | 10/15 | €129,983 | €142,410 | +€12,427 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,923 | €134,350 | +€12,427 | +10.2% |
| Amounts payable | 17/49 | €894,721 | €655,691 | -€239,031 | -26.7% |
| Amounts payable after more than one year | 17 | €537,356 | €471,127 | -€66,229 | -12.3% |
| Financial debts | 170/4 | €537,356 | €471,127 | -€66,229 | -12.3% |
| Amounts payable within one year | 42/48 | €351,265 | €183,313 | -€167,952 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €58,589 | €60,844 | +€2,255 | +3.8% |
| Financial debts | 43 | €10,803 | €6,793 | -€4,011 | -37.1% |
| Credit institutions | 430/8 | €10,803 | €6,793 | -€4,011 | -37.1% |
| Trade debts | 44 | €125,527 | €28,891 | -€96,637 | -77.0% |
| Suppliers | 440/4 | €125,527 | €28,891 | -€96,637 | -77.0% |
| Taxes, remuneration and social security | 45 | €133,587 | €51,072 | -€82,514 | -61.8% |
| Taxes | 450/3 | €61,735 | €27,726 | -€34,009 | -55.1% |
| Remuneration and social security | 454/9 | €71,852 | €23,346 | -€48,506 | -67.5% |
| Other amounts payable | 47/48 | €22,758 | €35,714 | +€12,955 | +56.9% |
| Accrued charges and deferred income | 492/3 | €6,100 | €1,250 | -€4,850 | -79.5% |
| Non-recurring operating income | 76A | €131,846 | €12,738 | -€119,108 | -90.3% |
| Remuneration, social security and pensions | 62 | €220,414 | €168,851 | -€51,563 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,384 | €52,222 | +€30,838 | +144.2% |
| Other operating charges | 640/8 | €19,653 | €5,860 | -€13,793 | -70.2% |
| Non-recurring operating charges | 66A | €16,307 | - | -€16,307 | |
| Gross operating margin | 9900 | €388,948 | €270,429 | -€118,520 | -30.5% |
| Operating profit (loss) | 9901 | €111,191 | €43,496 | -€67,695 | -60.9% |
| Financial income | 75/76B | €303 | €197 | -€107 | -35.2% |
| Recurring financial income | 75 | €303 | €197 | -€107 | -35.2% |
| Financial charges | 65/66B | €9,684 | €12,530 | +€2,846 | +29.4% |
| Recurring financial charges | 65 | €9,684 | €12,530 | +€2,846 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €101,810 | €31,162 | -€70,648 | -69.4% |
| Income taxes | 67/77 | €24,222 | €18,735 | -€5,487 | -22.7% |
| Profit (loss) for the period | 9904 | €77,588 | €12,427 | -€65,161 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,588 | €12,427 | -€65,161 | -84.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.