DESEXPERT: 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.
DESEXPERT
Largest movements
- Tangible fixed assets +€113,543
up €113,543 (+21.4%), from €530,900 to €644,442
of which Land and buildings: +€389,405
- Cash +€63,144
up €63,144 (+10.2%), from €619,697 to €682,841
mainly Net result for the year (+€181,389) and Advances received (+€33,736)
- Reserves +€181,389
up €181,389 (+23.6%), from €768,830 to €950,219
- Advances received +€33,736
up €33,736 (+23.9%), from €141,406 to €175,143
- Debts after one year -€28,548
down €28,548 (-63.0%), from €45,302 to €16,754
- Gross operating margin +€164,800
up €164,800 (+134%), from €122,796 to €287,595
- Taxes +€53,171
up €53,171 (+190%), from €27,926 to €81,097
- Financial income +€4,098
up €4,098 (+1,447%), from €283 to €4,381
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 | €1,158,669 | €1,342,211 | +€183,542 | +15.8% |
| Fixed assets | 21/28 | €530,900 | €644,442 | +€113,543 | +21.4% |
| Tangible fixed assets | 22/27 | €530,900 | €644,442 | +€113,543 | +21.4% |
| Land and buildings | 22 | €251,638 | €641,043 | +€389,405 | +155% |
| Furniture and vehicles | 24 | €3,874 | €3,399 | -€475 | -12.3% |
| Assets under construction and advance payments | 27 | €275,388 | - | -€275,388 | |
| Current assets | 29/58 | €627,770 | €697,769 | +€69,999 | +11.2% |
| Amounts receivable within one year | 40/41 | €7,333 | €14,182 | +€6,850 | +93.4% |
| Trade receivables | 40 | €7,333 | €14,182 | +€6,850 | +93.4% |
| Cash at bank and in hand | 54/58 | €619,697 | €682,841 | +€63,144 | +10.2% |
| Deferred charges and accrued income | 490/1 | €739 | €746 | +€6 | +0.8% |
| Total equity and liabilities | 10/49 | €1,158,669 | €1,342,211 | +€183,542 | +15.8% |
| Equity | 10/15 | €807,925 | €989,313 | +€181,389 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €768,830 | €950,219 | +€181,389 | +23.6% |
| Distributable reserves | 133 | €768,830 | €950,219 | +€181,389 | +23.6% |
| Profit (loss) carried forward | 14 | €20,494 | €20,494 | = | 0.0% |
| Amounts payable | 17/49 | €350,745 | €352,898 | +€2,153 | +0.6% |
| Amounts payable after more than one year | 17 | €45,302 | €16,754 | -€28,548 | -63.0% |
| Financial debts | 170/4 | €45,302 | €16,754 | -€28,548 | -63.0% |
| Amounts payable within one year | 42/48 | €305,442 | €336,144 | +€30,702 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €39,504 | €43,405 | +€3,901 | +9.9% |
| Trade debts | 44 | €15,394 | €21,548 | +€6,154 | +40.0% |
| Suppliers | 440/4 | €15,394 | €21,548 | +€6,154 | +40.0% |
| Advances received on contracts in progress | 46 | €141,406 | €175,143 | +€33,736 | +23.9% |
| Taxes, remuneration and social security | 45 | €76,102 | €63,225 | -€12,877 | -16.9% |
| Taxes | 450/3 | €76,102 | €63,225 | -€12,877 | -16.9% |
| Other amounts payable | 47/48 | €33,036 | €32,824 | -€212 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,480 | €22,634 | +€2,154 | +10.5% |
| Other operating charges | 640/8 | €4,684 | €5,359 | +€674 | +14.4% |
| Non-recurring operating charges | 66A | €184 | €0 | -€184 | -100.0% |
| Gross operating margin | 9900 | €122,796 | €287,595 | +€164,800 | +134% |
| Operating profit (loss) | 9901 | €97,447 | €259,602 | +€162,155 | +166% |
| Financial income | 75/76B | €283 | €4,381 | +€4,098 | +1,447% |
| Recurring financial income | 75 | €283 | €4,381 | +€4,098 | +1,447% |
| Financial charges | 65/66B | €1,418 | €1,498 | +€80 | +5.6% |
| Recurring financial charges | 65 | €1,418 | €1,498 | +€80 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €96,312 | €262,486 | +€166,174 | +173% |
| Income taxes | 67/77 | €27,926 | €81,097 | +€53,171 | +190% |
| Profit (loss) for the period | 9904 | €68,386 | €181,389 | +€113,003 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €68,386 | €181,389 | +€113,003 | +165% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.