DESEM: 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.
DESEM
Largest movements
- Receivables within one year +€31,214
up €31,214 (+372%), from €8,389 to €39,603
of which Other amounts receivable: +€19,114
- Tangible fixed assets -€23,544
down €23,544 (-93.1%), from €25,281 to €1,736
of which Leasing and similar rights: -€24,925
- Cash -€895
down €895 (-4.7%), from €18,952 to €18,057
mainly Receivables within one year (-€31,214) and Current portion of long-term debt (-€10,065)
- Reserves +€23,413
up €23,413 (+145%), from €16,181 to €39,594
- Current portion of long-term debt -€10,065
down €10,065 (-100%), from €10,065 to €0
- Debts after one year -€7,636
down €7,636 (-100%), from €7,636 to €0
- Other debts -€2,666
down €2,666 (-29.6%), from €9,000 to €6,334
- Trade debts +€2,191
up €2,191 (+187%), from €1,172 to €3,364
- Depreciation -€14,077
down €14,077 (-97.5%), from €14,435 to €358
- Gross operating margin +€6,873
up €6,873 (+23.3%), from €29,483 to €36,356
- Taxes +€4,278
up €4,278 (+133%), from €3,220 to €7,498
- Other operating charges +€2,124
up €2,124 (+103%), from €2,056 to €4,180
- Financial charges +€1,519
up €1,519 (+324%), from €469 to €1,987
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 | €54,054 | €61,394 | +€7,340 | +13.6% |
| Fixed assets | 21/28 | €25,281 | €1,736 | -€23,544 | -93.1% |
| Tangible fixed assets | 22/27 | €25,281 | €1,736 | -€23,544 | -93.1% |
| Furniture and vehicles | 24 | €356 | €1,736 | +€1,381 | +388% |
| Leasing and similar rights | 25 | €24,925 | €0 | -€24,925 | -100% |
| Current assets | 29/58 | €28,773 | €59,658 | +€30,884 | +107% |
| Amounts receivable within one year | 40/41 | €8,389 | €39,603 | +€31,214 | +372% |
| Trade receivables | 40 | €0 | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €8,389 | €27,503 | +€19,114 | +228% |
| Cash at bank and in hand | 54/58 | €18,952 | €18,057 | -€895 | -4.7% |
| Deferred charges and accrued income | 490/1 | €1,433 | €1,998 | +€566 | +39.5% |
| Total equity and liabilities | 10/49 | €54,054 | €61,394 | +€7,340 | +13.6% |
| Equity | 10/15 | €21,181 | €44,594 | +€23,413 | +111% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,181 | €39,594 | +€23,413 | +145% |
| Distributable reserves | 133 | €16,181 | €39,594 | +€23,413 | +145% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,873 | €16,800 | -€16,073 | -48.9% |
| Amounts payable after more than one year | 17 | €7,636 | €0 | -€7,636 | -100% |
| Financial debts | 170/4 | €7,636 | €0 | -€7,636 | -100% |
| Amounts payable within one year | 42/48 | €25,237 | €16,800 | -€8,437 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €10,065 | €0 | -€10,065 | -100% |
| Trade debts | 44 | €1,172 | €3,364 | +€2,191 | +187% |
| Suppliers | 440/4 | €1,172 | €3,364 | +€2,191 | +187% |
| Taxes, remuneration and social security | 45 | €5,000 | €7,103 | +€2,103 | +42.1% |
| Taxes | 450/3 | €5,000 | €7,103 | +€2,103 | +42.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,000 | €6,334 | -€2,666 | -29.6% |
| Non-recurring operating income | 76A | - | €4,023 | +€4,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,435 | €358 | -€14,077 | -97.5% |
| Other operating charges | 640/8 | €2,056 | €4,180 | +€2,124 | +103% |
| Gross operating margin | 9900 | €29,483 | €36,356 | +€6,873 | +23.3% |
| Operating profit (loss) | 9901 | €12,992 | €31,818 | +€18,826 | +145% |
| Financial income | 75/76B | €0 | €1,081 | +€1,081 | |
| Recurring financial income | 75 | €0 | €1,081 | +€1,081 | |
| Financial charges | 65/66B | €469 | €1,987 | +€1,519 | +324% |
| Recurring financial charges | 65 | €469 | €1,987 | +€1,519 | +324% |
| Profit (loss) for the period before taxes | 9903 | €12,523 | €30,911 | +€18,388 | +147% |
| Income taxes | 67/77 | €3,220 | €7,498 | +€4,278 | +133% |
| Profit (loss) for the period | 9904 | €9,303 | €23,413 | +€14,110 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €9,303 | €23,413 | +€14,110 | +152% |
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 25 October 2026 via checked.be.