DESICO: what changed
Two fiscal 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.
DESICO
Largest movements
- Receivables after one year -€9,258
down €9,258 (-10.8%), from €85,351 to €76,093
- Receivables within one year +€6,190
up €6,190 (+68.1%), from €9,089 to €15,279
of which Other amounts receivable: +€7,176
- Tangible fixed assets -€3,229
down €3,229 (-54.8%), from €5,892 to €2,662
of which Plant, machinery and equipment: -€2,735
- Cash -€2,112
down €2,112 (-99.0%), from €2,133 to €21
mainly Receivables within one year (-€6,190) and Net result for the year (-€6,136)
- Reserves -€6,136
down €6,136 (-10.2%), from €59,960 to €53,824
- Tax, wage and social debts -€5,790
down €5,790 (-27.2%), from €21,271 to €15,482
of which Remuneration and social security: -€3,190
- Trade debts +€3,113
up €3,113 (+225.2%), from €1,382 to €4,495
- Gross operating margin -€111,016
down €111,016, from €106,305 to -€4,711
- Taxes -€18,082
no longer reported in 2024 (was €18,082)
- Financial charges -€15,627
down €15,627 (-97.4%), from €16,045 to €418
- Staff costs -€4,592
no longer reported in 2024 (was €4,592)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,177 | €95,216 | -€8,962 | -8.6% |
| Formation expenses | 20 | €493 | €25 | -€467 | -94.9% |
| Fixed assets | 21/28 | €6,027 | €2,797 | -€3,229 | -53.6% |
| Tangible fixed assets | 22/27 | €5,892 | €2,662 | -€3,229 | -54.8% |
| Plant, machinery and equipment | 23 | €3,640 | €905 | -€2,735 | -75.1% |
| Furniture and vehicles | 24 | €2,252 | €1,758 | -€494 | -21.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €97,658 | €92,394 | -€5,265 | -5.4% |
| Amounts receivable after more than one year | 29 | €85,351 | €76,093 | -€9,258 | -10.8% |
| Other amounts receivable | 291 | €85,351 | €76,093 | -€9,258 | -10.8% |
| Stocks and contracts in progress | 3 | €1,001 | €1,001 | = | 0.0% |
| Stocks | 30/36 | €1,001 | €1,001 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,089 | €15,279 | +€6,190 | +68.1% |
| Trade receivables | 40 | €5,036 | €4,050 | -€986 | -19.6% |
| Other amounts receivable | 41 | €4,053 | €11,229 | +€7,176 | +177.1% |
| Cash at bank and in hand | 54/58 | €2,133 | €21 | -€2,112 | -99.0% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €104,177 | €95,216 | -€8,962 | -8.6% |
| Equity | 10/15 | €77,960 | €71,824 | -€6,136 | -7.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €59,960 | €53,824 | -€6,136 | -10.2% |
| Distributable reserves | 133 | €59,960 | €53,824 | -€6,136 | -10.2% |
| Amounts payable | 17/49 | €26,217 | €23,391 | -€2,826 | -10.8% |
| Amounts payable within one year | 42/48 | €22,654 | €19,977 | -€2,677 | -11.8% |
| Trade debts | 44 | €1,382 | €4,495 | +€3,113 | +225.2% |
| Suppliers | 440/4 | €1,382 | €4,495 | +€3,113 | +225.2% |
| Taxes, remuneration and social security | 45 | €21,271 | €15,482 | -€5,790 | -27.2% |
| Taxes | 450/3 | €18,082 | €15,482 | -€2,600 | -14.4% |
| Remuneration and social security | 454/9 | €3,190 | - | -€3,190 | |
| Accrued charges and deferred income | 492/3 | €3,564 | €3,415 | -€149 | -4.2% |
| Non-recurring operating income | 76A | €155,119 | - | -€155,119 | |
| Remuneration, social security and pensions | 62 | €4,592 | - | -€4,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,484 | €3,697 | +€213 | +6.1% |
| Other operating charges | 640/8 | €803 | €407 | -€396 | -49.3% |
| Non-recurring operating charges | 66A | €29,722 | - | -€29,722 | |
| Gross operating margin | 9900 | €106,305 | -€4,711 | -€111,016 | |
| Operating profit (loss) | 9901 | €67,704 | -€8,815 | -€76,519 | |
| Financial income | 75/76B | €3,143 | €3,098 | -€45 | -1.4% |
| Recurring financial income | 75 | €3,143 | €3,098 | -€45 | -1.4% |
| Financial charges | 65/66B | €16,045 | €418 | -€15,627 | -97.4% |
| Recurring financial charges | 65 | €16,045 | €418 | -€15,627 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €54,801 | -€6,136 | -€60,937 | |
| Income taxes | 67/77 | €18,082 | - | -€18,082 | |
| Profit (loss) for the period | 9904 | €36,720 | -€6,136 | -€42,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,720 | -€6,136 | -€42,855 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.