DESHAYES FER: 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.
DESHAYES FER
Largest movements
- Cash -€309,954
down €309,954 (-81.4%), from €380,929 to €70,975
mainly Receivables within one year (-€302,105) and Net result for the year (-€160,420)
- Receivables within one year +€302,105
up €302,105 (+107%), from €281,397 to €583,502
of which Other amounts receivable: +€300,761
- Tangible fixed assets -€69,529
down €69,529 (-5.9%), from €1.2m to €1.1m
of which Leasing and similar rights: -€81,644
- Short-term financial debts +€220,000
up €220,000, from €0 to €220,000
- Profit (loss) carried forward -€160,420
down €160,420 (-25.1%), from €638,512 to €478,092
- Debts after one year -€132,949
down €132,949 (-17.0%), from €781,734 to €648,785
- Tax, wage and social debts +€75,767
up €75,767 (+171%), from €44,249 to €120,016
of which Taxes: +€72,277
- Other debts -€59,635
down €59,635 (-89.5%), from €66,648 to €7,012
- Gross operating margin -€105,983
down €105,983 (-27.8%), from €380,874 to €274,891
- Other operating charges +€65,757
up €65,757 (+1,721%), from €3,821 to €69,578
- Taxes +€52,046
up €52,046 (+12,150%), from €428 to €52,474
- Financial income +€22,779
up €22,779 (+1,183%), from €1,925 to €24,703
- Staff costs -€22,709
down €22,709 (-18.1%), from €125,539 to €102,830
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 | €2,012,070 | €1,933,034 | -€79,036 | -3.9% |
| Fixed assets | 21/28 | €1,222,146 | €1,142,617 | -€79,529 | -6.5% |
| Intangible fixed assets | 21 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Tangible fixed assets | 22/27 | €1,186,715 | €1,117,187 | -€69,529 | -5.9% |
| Land and buildings | 22 | €386,713 | €386,139 | -€574 | -0.1% |
| Plant, machinery and equipment | 23 | €157,613 | €122,743 | -€34,870 | -22.1% |
| Furniture and vehicles | 24 | €91,665 | €157,666 | +€66,001 | +72.0% |
| Leasing and similar rights | 25 | €213,168 | €131,524 | -€81,644 | -38.3% |
| Other tangible fixed assets | 26 | €337,556 | €319,115 | -€18,441 | -5.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €789,924 | €790,417 | +€493 | +0.1% |
| Stocks and contracts in progress | 3 | €106,846 | €122,813 | +€15,967 | +14.9% |
| Stocks | 30/36 | €106,846 | €122,813 | +€15,967 | +14.9% |
| Amounts receivable within one year | 40/41 | €281,397 | €583,502 | +€302,105 | +107% |
| Trade receivables | 40 | €236,765 | €238,109 | +€1,344 | +0.6% |
| Other amounts receivable | 41 | €44,632 | €345,393 | +€300,761 | +674% |
| Cash at bank and in hand | 54/58 | €380,929 | €70,975 | -€309,954 | -81.4% |
| Deferred charges and accrued income | 490/1 | €20,752 | €13,127 | -€7,625 | -36.7% |
| Total equity and liabilities | 10/49 | €2,012,070 | €1,933,034 | -€79,036 | -3.9% |
| Equity | 10/15 | €776,445 | €616,025 | -€160,420 | -20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,733 | €131,733 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,233 | €7,233 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,233 | €7,233 | = | 0.0% |
| Distributable reserves | 133 | €124,500 | €124,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €638,512 | €478,092 | -€160,420 | -25.1% |
| Amounts payable | 17/49 | €1,235,625 | €1,317,009 | +€81,384 | +6.6% |
| Amounts payable after more than one year | 17 | €781,734 | €648,785 | -€132,949 | -17.0% |
| Financial debts | 170/4 | €781,734 | €648,785 | -€132,949 | -17.0% |
| Amounts payable within one year | 42/48 | €449,502 | €664,881 | +€215,379 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €138,043 | €144,564 | +€6,521 | +4.7% |
| Financial debts | 43 | €0 | €220,000 | +€220,000 | |
| Credit institutions | 430/8 | €0 | €220,000 | +€220,000 | |
| Trade debts | 44 | €200,563 | €173,289 | -€27,274 | -13.6% |
| Suppliers | 440/4 | €200,563 | €173,289 | -€27,274 | -13.6% |
| Taxes, remuneration and social security | 45 | €44,249 | €120,016 | +€75,767 | +171% |
| Taxes | 450/3 | €26,795 | €99,072 | +€72,277 | +270% |
| Remuneration and social security | 454/9 | €17,453 | €20,944 | +€3,490 | +20.0% |
| Other amounts payable | 47/48 | €66,648 | €7,012 | -€59,635 | -89.5% |
| Accrued charges and deferred income | 492/3 | €4,388 | €3,343 | -€1,045 | -23.8% |
| Non-recurring operating income | 76A | - | €19,128 | +€19,128 | |
| Remuneration, social security and pensions | 62 | €125,539 | €102,830 | -€22,709 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,263 | €195,649 | -€614 | -0.3% |
| Other operating charges | 640/8 | €3,821 | €69,578 | +€65,757 | +1,721% |
| Gross operating margin | 9900 | €380,874 | €274,891 | -€105,983 | -27.8% |
| Operating profit (loss) | 9901 | €55,251 | -€93,166 | -€148,417 | |
| Financial income | 75/76B | €1,925 | €24,703 | +€22,779 | +1,183% |
| Recurring financial income | 75 | €1,925 | €24,703 | +€22,779 | +1,183% |
| Financial charges | 65/66B | €54,537 | €39,483 | -€15,054 | -27.6% |
| Recurring financial charges | 65 | €54,537 | €39,483 | -€15,054 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €2,638 | -€107,946 | -€110,585 | |
| Income taxes | 67/77 | €428 | €52,474 | +€52,046 | +12,150% |
| Profit (loss) for the period | 9904 | €2,210 | -€160,420 | -€162,630 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,210 | -€160,420 | -€162,630 |
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 22 October 2026 via checked.be.