DESENDER WOUTER: 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.
DESENDER WOUTER
Largest movements
- Receivables within one year -€31,708
down €31,708 (-56.2%), from €56,424 to €24,716
of which Trade receivables: -€32,390
- Tangible fixed assets +€27,165
up €27,165 (+20.0%), from €135,770 to €162,935
of which Furniture and vehicles: +€42,405
- Cash +€9,366
up €9,366 (+17.2%), from €54,309 to €63,676
mainly Depreciation (+€33,293) and Receivables within one year (+€31,708)
- Stocks and contracts +€8,980
up €8,980 (+119%), from €7,550 to €16,530
of which Stocks: +€9,980
- Debts after one year +€29,107
up €29,107 (+444%), from €6,550 to €35,658
- Trade debts -€25,082
down €25,082 (-54.1%), from €46,366 to €21,285
- Current portion of long-term debt +€6,666
up €6,666 (+68.0%), from €9,803 to €16,469
- Reserves +€6,460
up €6,460 (+9.0%), from €71,406 to €77,865
of which Distributable reserves: +€6,460
- Gross operating margin +€13,853
up €13,853 (+41.1%), from €33,693 to €47,546
- Depreciation +€12,179
up €12,179 (+57.7%), from €21,114 to €33,293
- Taxes -€579
down €579 (-24.1%), from €2,398 to €1,819
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 | €257,127 | €272,550 | +€15,423 | +6.0% |
| Fixed assets | 21/28 | €135,770 | €162,935 | +€27,165 | +20.0% |
| Tangible fixed assets | 22/27 | €135,770 | €162,935 | +€27,165 | +20.0% |
| Land and buildings | 22 | €113,258 | €95,029 | -€18,229 | -16.1% |
| Plant, machinery and equipment | 23 | €1,433 | €4,422 | +€2,989 | +209% |
| Furniture and vehicles | 24 | €21,079 | €63,484 | +€42,405 | +201% |
| Current assets | 29/58 | €121,357 | €109,615 | -€11,742 | -9.7% |
| Stocks and contracts in progress | 3 | €7,550 | €16,530 | +€8,980 | +119% |
| Stocks | 30/36 | €1,550 | €11,530 | +€9,980 | +644% |
| Contracts in progress | 37 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €56,424 | €24,716 | -€31,708 | -56.2% |
| Trade receivables | 40 | €49,350 | €16,960 | -€32,390 | -65.6% |
| Other amounts receivable | 41 | €7,074 | €7,756 | +€683 | +9.6% |
| Cash at bank and in hand | 54/58 | €54,309 | €63,676 | +€9,366 | +17.2% |
| Deferred charges and accrued income | 490/1 | €3,074 | €4,693 | +€1,619 | +52.7% |
| Total equity and liabilities | 10/49 | €257,127 | €272,550 | +€15,423 | +6.0% |
| Equity | 10/15 | €90,006 | €96,465 | +€6,460 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,406 | €77,865 | +€6,460 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,546 | €76,005 | +€6,460 | +9.3% |
| Amounts payable | 17/49 | €167,122 | €176,085 | +€8,963 | +5.4% |
| Amounts payable after more than one year | 17 | €6,550 | €35,658 | +€29,107 | +444% |
| Financial debts | 170/4 | €6,550 | €35,658 | +€29,107 | +444% |
| Amounts payable within one year | 42/48 | €159,616 | €139,474 | -€20,142 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €9,803 | €16,469 | +€6,666 | +68.0% |
| Trade debts | 44 | €46,366 | €21,285 | -€25,082 | -54.1% |
| Suppliers | 440/4 | €46,366 | €21,285 | -€25,082 | -54.1% |
| Taxes, remuneration and social security | 45 | €4,398 | €4,348 | -€50 | -1.1% |
| Taxes | 450/3 | €4,398 | €4,348 | -€50 | -1.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €99,049 | €97,372 | -€1,677 | -1.7% |
| Accrued charges and deferred income | 492/3 | €955 | €954 | -€2 | -0.2% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,114 | €33,293 | +€12,179 | +57.7% |
| Other operating charges | 640/8 | €4,057 | €4,108 | +€51 | +1.2% |
| Gross operating margin | 9900 | €33,693 | €47,546 | +€13,853 | +41.1% |
| Operating profit (loss) | 9901 | €8,521 | €10,145 | +€1,624 | +19.1% |
| Financial income | 75/76B | €268 | €353 | +€84 | +31.4% |
| Recurring financial income | 75 | €268 | €353 | +€84 | +31.4% |
| Financial charges | 65/66B | €1,755 | €2,218 | +€463 | +26.4% |
| Recurring financial charges | 65 | €1,755 | €2,218 | +€463 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €7,034 | €8,279 | +€1,245 | +17.7% |
| Income taxes | 67/77 | €2,398 | €1,819 | -€579 | -24.1% |
| Profit (loss) for the period | 9904 | €4,636 | €6,460 | +€1,824 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,636 | €6,460 | +€1,824 | +39.3% |
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 17 October 2026 via checked.be.