Desi Theka: 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.
Desi Theka
Largest movements
- Receivables within one year -€104,442
down €104,442 (-83.3%), from €125,367 to €20,926
of which Trade receivables: -€123,247
- Tangible fixed assets +€14,033
up €14,033 (+656%), from €2,139 to €16,172
of which Furniture and vehicles: +€15,200
- Cash -€7,429
down €7,429 (-34.1%), from €21,771 to €14,342
mainly Trade debts (-€93,182) and Investment in fixed assets (net) (-€19,000)
- Stocks and contracts +€2,163
up €2,163 (+8.0%), from €27,150 to €29,313
- Trade debts -€93,182
down €93,182 (-88.4%), from €105,395 to €12,213
- Tax, wage and social debts -€15,199
down €15,199 (-73.9%), from €20,558 to €5,359
of which Taxes: -€15,417
- Other debts +€10,131
up €10,131 (+584%), from €1,734 to €11,865
- Reserves +€2,577
up €2,577 (+5.6%), from €45,741 to €48,317
- Gross operating margin -€17,761
down €17,761 (-27.1%), from €65,501 to €47,740
- Staff costs +€5,151
up €5,151 (+16.2%), from €31,726 to €36,877
- Taxes -€4,874
down €4,874 (-80.9%), from €6,022 to €1,148
- Depreciation +€3,800
up €3,800 (+326%), from €1,167 to €4,967
- Other operating charges -€699
down €699 (-25.6%), from €2,734 to €2,035
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 | €176,427 | €80,754 | -€95,673 | -54.2% |
| Fixed assets | 21/28 | €2,139 | €16,172 | +€14,033 | +656% |
| Tangible fixed assets | 22/27 | €2,139 | €16,172 | +€14,033 | +656% |
| Plant, machinery and equipment | 23 | €2,139 | €972 | -€1,167 | -54.5% |
| Furniture and vehicles | 24 | - | €15,200 | +€15,200 | |
| Current assets | 29/58 | €174,288 | €64,582 | -€109,707 | -62.9% |
| Stocks and contracts in progress | 3 | €27,150 | €29,313 | +€2,163 | +8.0% |
| Stocks | 30/36 | €27,150 | €29,313 | +€2,163 | +8.0% |
| Amounts receivable within one year | 40/41 | €125,367 | €20,926 | -€104,442 | -83.3% |
| Trade receivables | 40 | €125,367 | €2,121 | -€123,247 | -98.3% |
| Other amounts receivable | 41 | - | €18,805 | +€18,805 | |
| Cash at bank and in hand | 54/58 | €21,771 | €14,342 | -€7,429 | -34.1% |
| Total equity and liabilities | 10/49 | €176,427 | €80,754 | -€95,673 | -54.2% |
| Equity | 10/15 | €48,741 | €51,317 | +€2,577 | +5.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,741 | €48,317 | +€2,577 | +5.6% |
| Distributable reserves | 133 | €45,741 | €48,317 | +€2,577 | +5.6% |
| Amounts payable | 17/49 | €127,686 | €29,436 | -€98,250 | -76.9% |
| Amounts payable within one year | 42/48 | €127,686 | €29,436 | -€98,250 | -76.9% |
| Trade debts | 44 | €105,395 | €12,213 | -€93,182 | -88.4% |
| Suppliers | 440/4 | €105,395 | €12,213 | -€93,182 | -88.4% |
| Taxes, remuneration and social security | 45 | €20,558 | €5,359 | -€15,199 | -73.9% |
| Taxes | 450/3 | €16,380 | €963 | -€15,417 | -94.1% |
| Remuneration and social security | 454/9 | €4,177 | €4,395 | +€218 | +5.2% |
| Other amounts payable | 47/48 | €1,734 | €11,865 | +€10,131 | +584% |
| Remuneration, social security and pensions | 62 | €31,726 | €36,877 | +€5,151 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €4,967 | +€3,800 | +326% |
| Other operating charges | 640/8 | €2,734 | €2,035 | -€699 | -25.6% |
| Gross operating margin | 9900 | €65,501 | €47,740 | -€17,761 | -27.1% |
| Operating profit (loss) | 9901 | €29,874 | €3,861 | -€26,013 | -87.1% |
| Financial income | 75/76B | €3 | €507 | +€504 | +16,431% |
| Recurring financial income | 75 | €3 | €507 | +€504 | +16,431% |
| Financial charges | 65/66B | €116 | €645 | +€529 | +458% |
| Recurring financial charges | 65 | €116 | €645 | +€529 | +458% |
| Profit (loss) for the period before taxes | 9903 | €29,762 | €3,724 | -€26,038 | -87.5% |
| Income taxes | 67/77 | €6,022 | €1,148 | -€4,874 | -80.9% |
| Profit (loss) for the period | 9904 | €23,740 | €2,577 | -€21,163 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,740 | €2,577 | -€21,163 | -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 24 October 2026 via checked.be.