DESEO: 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.
DESEO
Largest movements
- Tangible fixed assets -€8,760
down €8,760 (-9.4%), from €92,875 to €84,115
of which Land and buildings: -€8,415
- Cash -€6,791
down €6,791 (-24.8%), from €27,391 to €20,599
mainly Debts after one year (-€7,910) and Receivables within one year (-€5,201)
- Receivables within one year +€5,201
up €5,201 (+8967.0%), from €58 to €5,259
of which Other amounts receivable: +€4,906
- Receivables after one year +€2,511
up €2,511 (+11.2%), from €22,360 to €24,871
- Debts after one year -€7,910
down €7,910 (-14.5%), from €54,737 to €46,827
- Other operating charges -€1,855
down €1,855 (-56.3%), from €3,295 to €1,440
- Gross operating margin +€1,177
up €1,177 (+9.7%), from €12,178 to €13,355
- Financial charges -€1,144
down €1,144 (-27.7%), from €4,131 to €2,987
- Depreciation +€593
up €593 (+6.3%), from €9,438 to €10,031
- Financial income +€152
up €152 (+30.9%), from €492 to €644
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.
Cash bridge derived
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 | €143,132 | €135,059 | -€8,072 | -5.6% |
| Fixed assets | 21/28 | €92,875 | €84,115 | -€8,760 | -9.4% |
| Tangible fixed assets | 22/27 | €92,875 | €84,115 | -€8,760 | -9.4% |
| Land and buildings | 22 | €86,216 | €77,801 | -€8,415 | -9.8% |
| Plant, machinery and equipment | 23 | €6,652 | €6,314 | -€338 | -5.1% |
| Furniture and vehicles | 24 | €7 | €0 | -€7 | -100.0% |
| Current assets | 29/58 | €50,257 | €50,944 | +€688 | +1.4% |
| Amounts receivable after more than one year | 29 | €22,360 | €24,871 | +€2,511 | +11.2% |
| Other amounts receivable | 291 | €22,360 | €24,871 | +€2,511 | +11.2% |
| Amounts receivable within one year | 40/41 | €58 | €5,259 | +€5,201 | +8967.0% |
| Trade receivables | 40 | €58 | €353 | +€295 | +508.6% |
| Other amounts receivable | 41 | - | €4,906 | +€4,906 | |
| Cash at bank and in hand | 54/58 | €27,391 | €20,599 | -€6,791 | -24.8% |
| Deferred charges and accrued income | 490/1 | €448 | €215 | -€233 | -52.1% |
| Total equity and liabilities | 10/49 | €143,132 | €135,059 | -€8,072 | -5.6% |
| Equity | 10/15 | €78,734 | €78,275 | -€459 | -0.6% |
| Contributions | 10/11 | €52,269 | €52,269 | = | 0.0% |
| Reserves | 13 | €57,087 | €57,087 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,087 | €7,087 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,087 | €7,087 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,622 | -€31,081 | -€459 | -1.5% |
| Amounts payable | 17/49 | €64,398 | €56,785 | -€7,613 | -11.8% |
| Amounts payable after more than one year | 17 | €54,737 | €46,827 | -€7,910 | -14.5% |
| Financial debts | 170/4 | €54,737 | €46,827 | -€7,910 | -14.5% |
| Amounts payable within one year | 42/48 | €9,661 | €9,558 | -€103 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €7,530 | €8,053 | +€523 | +6.9% |
| Trade debts | 44 | €1,471 | €658 | -€814 | -55.3% |
| Suppliers | 440/4 | €1,471 | €658 | -€814 | -55.3% |
| Taxes, remuneration and social security | 45 | €660 | €848 | +€188 | +28.5% |
| Taxes | 450/3 | €660 | €848 | +€188 | +28.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,438 | €10,031 | +€593 | +6.3% |
| Other operating charges | 640/8 | €3,295 | €1,440 | -€1,855 | -56.3% |
| Gross operating margin | 9900 | €12,178 | €13,355 | +€1,177 | +9.7% |
| Operating profit (loss) | 9901 | -€555 | €1,884 | +€2,439 | |
| Financial income | 75/76B | €492 | €644 | +€152 | +30.9% |
| Recurring financial income | 75 | €492 | €644 | +€152 | +30.9% |
| Financial charges | 65/66B | €4,131 | €2,987 | -€1,144 | -27.7% |
| Recurring financial charges | 65 | €4,131 | €2,987 | -€1,144 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,194 | -€459 | +€3,735 | +89.1% |
| Profit (loss) for the period | 9904 | -€4,194 | -€459 | +€3,735 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,194 | -€459 | +€3,735 | +89.1% |
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 10 October 2026 via checked.be.