DESFO Holding: 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.
DESFO Holding
Largest movements
- Receivables within one year -€188,749
down €188,749 (-24.5%), from €770,001 to €581,252
of which Trade receivables: -€190,000
- Debts after one year -€250,000
down €250,000 (-10.0%), from €2.5m to €2.3m
- Other debts +€66,004
up €66,004 (+13.3%), from €496,056 to €562,059
- Financial income -€550,000
down €550,000 (-100%), from €550,000 to €0
- Gross operating margin -€226,701
down €226,701 (-79.1%), from €286,442 to €59,741
- Staff costs -€118,375
down €118,375 (-99.6%), from €118,833 to €458
- Financial charges +€40,052
up €40,052 (+16,168%), from €248 to €40,300
- Taxes -€33,010
down €33,010 (-87.8%), from €37,589 to €4,579
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 | €4,445,193 | €4,242,228 | -€202,965 | -4.6% |
| Fixed assets | 21/28 | €3,650,000 | €3,650,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,650,000 | €3,650,000 | = | 0.0% |
| Current assets | 29/58 | €795,193 | €592,228 | -€202,965 | -25.5% |
| Amounts receivable within one year | 40/41 | €770,001 | €581,252 | -€188,749 | -24.5% |
| Trade receivables | 40 | €220,000 | €30,000 | -€190,000 | -86.4% |
| Other amounts receivable | 41 | €550,001 | €551,252 | +€1,251 | +0.2% |
| Cash at bank and in hand | 54/58 | €23,375 | €9,184 | -€14,191 | -60.7% |
| Deferred charges and accrued income | 490/1 | €1,816 | €1,791 | -€25 | -1.4% |
| Total equity and liabilities | 10/49 | €4,445,193 | €4,242,228 | -€202,965 | -4.6% |
| Equity | 10/15 | €1,349,695 | €1,363,572 | +€13,877 | +1.0% |
| Contributions | 10/11 | €670,820 | €670,820 | = | 0.0% |
| Reserves | 13 | €678,874 | €692,752 | +€13,877 | +2.0% |
| Distributable reserves | 133 | €678,874 | €692,752 | +€13,877 | +2.0% |
| Amounts payable | 17/49 | €3,095,498 | €2,878,656 | -€216,842 | -7.0% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,250,000 | -€250,000 | -10.0% |
| Other amounts payable | 178/9 | €2,500,000 | €2,250,000 | -€250,000 | -10.0% |
| Amounts payable within one year | 42/48 | €595,498 | €628,656 | +€33,158 | +5.6% |
| Trade debts | 44 | €1,459 | €1,907 | +€448 | +30.7% |
| Suppliers | 440/4 | €1,459 | €1,907 | +€448 | +30.7% |
| Taxes, remuneration and social security | 45 | €97,983 | €64,690 | -€33,293 | -34.0% |
| Taxes | 450/3 | €59,990 | €56,438 | -€3,552 | -5.9% |
| Remuneration and social security | 454/9 | €37,993 | €8,252 | -€29,741 | -78.3% |
| Other amounts payable | 47/48 | €496,056 | €562,059 | +€66,004 | +13.3% |
| Remuneration, social security and pensions | 62 | €118,833 | €458 | -€118,375 | -99.6% |
| Other operating charges | 640/8 | €898 | €528 | -€370 | -41.2% |
| Gross operating margin | 9900 | €286,442 | €59,741 | -€226,701 | -79.1% |
| Operating profit (loss) | 9901 | €166,712 | €58,756 | -€107,956 | -64.8% |
| Financial income | 75/76B | €550,000 | €0 | -€550,000 | -100% |
| Recurring financial income | 75 | €550,000 | €0 | -€550,000 | -100% |
| Financial charges | 65/66B | €248 | €40,300 | +€40,052 | +16,168% |
| Recurring financial charges | 65 | €248 | €40,300 | +€40,052 | +16,168% |
| Profit (loss) for the period before taxes | 9903 | €716,464 | €18,456 | -€698,008 | -97.4% |
| Income taxes | 67/77 | €37,589 | €4,579 | -€33,010 | -87.8% |
| Profit (loss) for the period | 9904 | €678,874 | €13,877 | -€664,997 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €678,874 | €13,877 | -€664,997 | -98.0% |
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 15 October 2026 via checked.be.