Desim: 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.
Desim
Largest movements
- Receivables after one year +€580,000
new in 2025: €580,000
- Receivables within one year -€560,400
down €560,400 (-83.0%), from €674,893 to €114,493
of which Other amounts receivable: -€540,967
- Cash -€32,290
down €32,290 (-10.8%), from €298,555 to €266,266
mainly Receivables after one year (-€580,000) and Advances received (-€20,000)
- Tangible fixed assets +€17,373
up €17,373 (+10.4%), from €167,685 to €185,058
of which Assets under construction and advance payments: +€17,373
- Other debts +€36,923
up €36,923, from €0 to €36,923
- Advances received -€20,000
down €20,000 (-100%), from €20,000 to €0
- Profit (loss) carried forward -€16,436
down €16,436 (-18.8%), from €87,604 to €71,168
- Financial charges -€112,567
down €112,567 (-97.9%), from €115,017 to €2,449
of which Non-recurring financial charges: -€113,145
- Other operating charges +€3,858
up €3,858 (+20.2%), from €19,087 to €22,945
- Gross operating margin +€1,484
up €1,484 (+25.2%), from €5,887 to €7,371
- Financial income +€1,157
up €1,157 (+269%), from €430 to €1,587
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 | €1,166,004 | €1,170,687 | +€4,683 | +0.4% |
| Fixed assets | 21/28 | €167,685 | €185,058 | +€17,373 | +10.4% |
| Tangible fixed assets | 22/27 | €167,685 | €185,058 | +€17,373 | +10.4% |
| Land and buildings | 22 | €167,685 | €167,685 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €17,373 | +€17,373 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €998,319 | €985,629 | -€12,690 | -1.3% |
| Amounts receivable after more than one year | 29 | - | €580,000 | +€580,000 | |
| Other amounts receivable | 291 | - | €580,000 | +€580,000 | |
| Stocks and contracts in progress | 3 | €24,870 | €24,870 | = | 0.0% |
| Stocks | 30/36 | €24,870 | €24,870 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €674,893 | €114,493 | -€560,400 | -83.0% |
| Trade receivables | 40 | €120,109 | €100,676 | -€19,433 | -16.2% |
| Other amounts receivable | 41 | €554,784 | €13,817 | -€540,967 | -97.5% |
| Cash at bank and in hand | 54/58 | €298,555 | €266,266 | -€32,290 | -10.8% |
| Total equity and liabilities | 10/49 | €1,166,004 | €1,170,687 | +€4,683 | +0.4% |
| Equity | 10/15 | €1,086,004 | €1,069,568 | -€16,436 | -1.5% |
| Contributions | 10/11 | €744,000 | €744,000 | = | 0.0% |
| Capital | 10 | €744,000 | €744,000 | = | 0.0% |
| Issued capital | 100 | €744,000 | €744,000 | = | 0.0% |
| Reserves | 13 | €254,400 | €254,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,400 | €74,400 | = | 0.0% |
| Legal reserve | 130 | €74,400 | €74,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,604 | €71,168 | -€16,436 | -18.8% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Deferred taxes | 168 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €20,000 | €41,119 | +€21,119 | +106% |
| Amounts payable within one year | 42/48 | €20,000 | €41,119 | +€21,119 | +106% |
| Trade debts | 44 | €0 | €4,195 | +€4,195 | |
| Suppliers | 440/4 | €0 | €4,195 | +€4,195 | |
| Advances received on contracts in progress | 46 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts payable | 47/48 | €0 | €36,923 | +€36,923 | |
| Other operating charges | 640/8 | €19,087 | €22,945 | +€3,858 | +20.2% |
| Gross operating margin | 9900 | €5,887 | €7,371 | +€1,484 | +25.2% |
| Operating profit (loss) | 9901 | -€13,200 | -€15,573 | -€2,374 | -18.0% |
| Financial income | 75/76B | €430 | €1,587 | +€1,157 | +269% |
| Recurring financial income | 75 | €430 | €1,587 | +€1,157 | +269% |
| Financial charges | 65/66B | €115,017 | €2,449 | -€112,567 | -97.9% |
| Recurring financial charges | 65 | €1,872 | €2,449 | +€578 | +30.9% |
| Non-recurring financial charges | 66B | €113,145 | €0 | -€113,145 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€127,787 | -€16,436 | +€111,351 | +87.1% |
| Profit (loss) for the period | 9904 | -€127,787 | -€16,436 | +€111,351 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,787 | -€16,436 | +€111,351 | +87.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.