DESDEL: 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.
DESDEL
Largest movements
- Tangible fixed assets +€192,248
up €192,248 (+4,745%), from €4,051 to €196,299
of which Land and buildings: +€195,427
- Cash +€28,297
up €28,297 (+857,497%), from €3 to €28,301
mainly Debts after one year (+€220,224) and Other debts (+€14,780)
- Receivables within one year -€7,656
down €7,656 (-29.9%), from €25,635 to €17,979
of which Other amounts receivable: -€4,055
- Debts after one year +€220,224
new in 2025: €220,224
- Profit (loss) carried forward -€17,293
down €17,293 (-22.6%), from -€76,659 to -€93,953
- Other debts +€14,780
up €14,780 (+6.7%), from €219,770 to €234,550
- Trade debts -€5,188
no longer reported in 2025 (was €5,188)
- Depreciation -€5,611
down €5,611 (-92.8%), from €6,043 to €432
- Gross operating margin -€3,652
down €3,652 (-42.4%), from -€8,607 to -€12,259
- Other operating charges +€1,242
up €1,242 (+45.8%), from €2,714 to €3,956
- Financial charges +€199
up €199 (+44.4%), from €448 to €647
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 | €170,877 | €382,572 | +€211,695 | +124% |
| Fixed assets | 21/28 | €4,551 | €196,799 | +€192,248 | +4,224% |
| Tangible fixed assets | 22/27 | €4,051 | €196,299 | +€192,248 | +4,745% |
| Land and buildings | 22 | - | €195,427 | +€195,427 | |
| Furniture and vehicles | 24 | €4,051 | €872 | -€3,179 | -78.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €166,326 | €185,773 | +€19,447 | +11.7% |
| Stocks and contracts in progress | 3 | €139,493 | €139,493 | = | 0.0% |
| Stocks | 30/36 | €139,493 | €139,493 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,635 | €17,979 | -€7,656 | -29.9% |
| Trade receivables | 40 | €4,640 | €1,039 | -€3,601 | -77.6% |
| Other amounts receivable | 41 | €20,994 | €16,939 | -€4,055 | -19.3% |
| Cash at bank and in hand | 54/58 | €3 | €28,301 | +€28,297 | +857,497% |
| Deferred charges and accrued income | 490/1 | €1,195 | - | -€1,195 | |
| Total equity and liabilities | 10/49 | €170,877 | €382,572 | +€211,695 | +124% |
| Equity | 10/15 | -€56,659 | -€73,953 | -€17,293 | -30.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,659 | -€93,953 | -€17,293 | -22.6% |
| Amounts payable | 17/49 | €227,536 | €456,525 | +€228,989 | +101% |
| Amounts payable after more than one year | 17 | - | €220,224 | +€220,224 | |
| Financial debts | 170/4 | - | €220,224 | +€220,224 | |
| Amounts payable within one year | 42/48 | €227,536 | €236,301 | +€8,765 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €2,578 | - | -€2,578 | |
| Trade debts | 44 | €5,188 | - | -€5,188 | |
| Suppliers | 440/4 | €5,188 | - | -€5,188 | |
| Taxes, remuneration and social security | 45 | - | €1,751 | +€1,751 | |
| Taxes | 450/3 | - | €1,751 | +€1,751 | |
| Other amounts payable | 47/48 | €219,770 | €234,550 | +€14,780 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,043 | €432 | -€5,611 | -92.8% |
| Other operating charges | 640/8 | €2,714 | €3,956 | +€1,242 | +45.8% |
| Gross operating margin | 9900 | -€8,607 | -€12,259 | -€3,652 | -42.4% |
| Operating profit (loss) | 9901 | -€17,363 | -€16,647 | +€716 | +4.1% |
| Financial charges | 65/66B | €448 | €647 | +€199 | +44.4% |
| Recurring financial charges | 65 | €448 | €647 | +€199 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,811 | -€17,293 | +€518 | +2.9% |
| Profit (loss) for the period | 9904 | -€17,811 | -€17,293 | +€518 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,811 | -€17,293 | +€518 | +2.9% |
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 13 October 2026 via checked.be.