Desembrood & Co: 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.
Desembrood & Co
Largest movements
- Tangible fixed assets -€162,356
down €162,356 (-6.1%), from €2.7m to €2.5m
of which Land and buildings: -€86,334
- Receivables within one year +€116,678
up €116,678 (+320%), from €36,472 to €153,149
of which Trade receivables: +€120,137
- Cash -€51,460
down €51,460 (-38.8%), from €132,794 to €81,334
mainly Net result for the year (-€407,092) and Debts after one year (-€278,808)
- Profit (loss) carried forward -€407,092
down €407,092 (-215%), from -€189,018 to -€596,110
- Contributions +€300,025
up €300,025 (+353%), from €85,000 to €385,025
- Debts after one year -€278,808
down €278,808 (-11.8%), from €2.4m to €2.1m
- Other debts +€205,869
up €205,869 (+13,367%), from €1,540 to €207,409
- Advances received +€111,926
new in 2025: €111,926
- Staff costs +€307,267
up €307,267 (+85.7%), from €358,499 to €665,765
- Gross operating margin +€247,010
up €247,010 (+77.3%), from €319,554 to €566,564
- Depreciation +€114,484
up €114,484 (+128%), from €89,520 to €204,004
- Financial charges +€27,822
up €27,822 (+70.4%), from €39,530 to €67,351
- Other operating charges +€12,071
up €12,071 (+269%), from €4,488 to €16,559
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 | €2,875,357 | €2,779,699 | -€95,658 | -3.3% |
| Fixed assets | 21/28 | €2,679,860 | €2,515,667 | -€164,193 | -6.1% |
| Intangible fixed assets | 21 | €8,689 | €6,852 | -€1,836 | -21.1% |
| Tangible fixed assets | 22/27 | €2,664,553 | €2,502,197 | -€162,356 | -6.1% |
| Land and buildings | 22 | €2,055,074 | €1,968,739 | -€86,334 | -4.2% |
| Plant, machinery and equipment | 23 | €276,287 | €252,966 | -€23,320 | -8.4% |
| Furniture and vehicles | 24 | €12,185 | €10,575 | -€1,611 | -13.2% |
| Leasing and similar rights | 25 | €147,204 | €114,346 | -€32,859 | -22.3% |
| Other tangible fixed assets | 26 | €173,803 | €155,571 | -€18,232 | -10.5% |
| Financial fixed assets | 28 | €6,618 | €6,618 | = | 0.0% |
| Current assets | 29/58 | €195,497 | €264,032 | +€68,535 | +35.1% |
| Stocks and contracts in progress | 3 | €14,350 | €14,350 | = | 0.0% |
| Stocks | 30/36 | €14,350 | €14,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,472 | €153,149 | +€116,678 | +320% |
| Trade receivables | 40 | €27,413 | €147,550 | +€120,137 | +438% |
| Other amounts receivable | 41 | €9,058 | €5,599 | -€3,459 | -38.2% |
| Cash at bank and in hand | 54/58 | €132,794 | €81,334 | -€51,460 | -38.8% |
| Deferred charges and accrued income | 490/1 | €11,881 | €15,199 | +€3,317 | +27.9% |
| Total equity and liabilities | 10/49 | €2,875,357 | €2,779,699 | -€95,658 | -3.3% |
| Equity | 10/15 | -€70,028 | -€177,096 | -€107,067 | -153% |
| Contributions | 10/11 | €85,000 | €385,025 | +€300,025 | +353% |
| Reserves | 13 | €33,989 | €33,989 | = | 0.0% |
| Distributable reserves | 133 | €33,989 | €33,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,018 | -€596,110 | -€407,092 | -215% |
| Amounts payable | 17/49 | €2,945,385 | €2,956,795 | +€11,410 | +0.4% |
| Amounts payable after more than one year | 17 | €2,359,875 | €2,081,067 | -€278,808 | -11.8% |
| Financial debts | 170/4 | €2,359,875 | €2,081,067 | -€278,808 | -11.8% |
| Amounts payable within one year | 42/48 | €581,610 | €860,128 | +€278,518 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €165,712 | €180,424 | +€14,712 | +8.9% |
| Financial debts | 43 | €27,604 | €424 | -€27,180 | -98.5% |
| Credit institutions | 430/8 | €27,604 | €424 | -€27,180 | -98.5% |
| Trade debts | 44 | €307,261 | €258,101 | -€49,161 | -16.0% |
| Suppliers | 440/4 | €307,261 | €258,101 | -€49,161 | -16.0% |
| Advances received on contracts in progress | 46 | - | €111,926 | +€111,926 | |
| Taxes, remuneration and social security | 45 | €79,492 | €101,843 | +€22,351 | +28.1% |
| Taxes | 450/3 | €28,282 | €30,004 | +€1,722 | +6.1% |
| Remuneration and social security | 454/9 | €51,210 | €71,839 | +€20,629 | +40.3% |
| Other amounts payable | 47/48 | €1,540 | €207,409 | +€205,869 | +13,367% |
| Accrued charges and deferred income | 492/3 | €3,900 | €15,600 | +€11,700 | +300% |
| Remuneration, social security and pensions | 62 | €358,499 | €665,765 | +€307,267 | +85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,520 | €204,004 | +€114,484 | +128% |
| Other operating charges | 640/8 | €4,488 | €16,559 | +€12,071 | +269% |
| Non-recurring operating charges | 66A | - | €19,987 | +€19,987 | |
| Gross operating margin | 9900 | €319,554 | €566,564 | +€247,010 | +77.3% |
| Operating profit (loss) | 9901 | -€132,953 | -€339,751 | -€206,799 | -156% |
| Financial income | 75/76B | €14 | €10 | -€4 | -26.0% |
| Recurring financial income | 75 | €14 | €10 | -€4 | -26.0% |
| Financial charges | 65/66B | €39,530 | €67,351 | +€27,822 | +70.4% |
| Recurring financial charges | 65 | €39,530 | €67,351 | +€27,822 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | -€172,469 | -€407,092 | -€234,624 | -136% |
| Profit (loss) for the period | 9904 | -€172,469 | -€407,092 | -€234,624 | -136% |
| Profit (loss) for the period to be appropriated | 9905 | -€172,469 | -€407,092 | -€234,624 | -136% |
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.