DESIMBAT: 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.
DESIMBAT
Largest movements
- Tangible fixed assets +€140,362
up €140,362 (+19.9%), from €704,759 to €845,121
of which Furniture and vehicles: +€113,322
- Receivables within one year +€61,875
up €61,875 (+58.8%), from €105,183 to €167,058
of which Trade receivables: +€48,586
- Cash -€60,846
down €60,846 (-67.1%), from €90,731 to €29,886
mainly Investment in fixed assets (net) (-€180,655) and Receivables within one year (-€61,875)
- Tax, wage and social debts +€88,847
up €88,847 (+52.7%), from €168,470 to €257,318
of which Remuneration and social security: +€57,284
- Short-term financial debts +€50,816
up €50,816 (+720.7%), from €7,051 to €57,867
of which Credit institutions: +€41,176
- Other debts -€12,570
down €12,570 (-32.0%), from €39,255 to €26,685
- Staff costs +€150,864
up €150,864 (+17.1%), from €883,870 to €1.0m
- Gross operating margin +€128,613
up €128,613 (+12.8%), from €1.0m to €1.1m
- Depreciation -€32,546
down €32,546 (-43.6%), from €74,584 to €42,038
- Financial charges +€18,358
up €18,358 (+248.1%), from €7,399 to €25,757
- Other operating charges +€12,291
up €12,291 (+187.2%), from €6,566 to €18,857
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.
Cash bridge derived
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 | €925,903 | €1,057,496 | +€131,594 | +14.2% |
| Fixed assets | 21/28 | €720,205 | €858,823 | +€138,618 | +19.2% |
| Intangible fixed assets | 21 | €15,447 | €13,597 | -€1,850 | -12.0% |
| Tangible fixed assets | 22/27 | €704,759 | €845,121 | +€140,362 | +19.9% |
| Land and buildings | 22 | €668,877 | €712,820 | +€43,943 | +6.6% |
| Plant, machinery and equipment | 23 | €13,540 | €13,389 | -€151 | -1.1% |
| Furniture and vehicles | 24 | €3,736 | €117,059 | +€113,322 | +3033.1% |
| Other tangible fixed assets | 26 | €18,606 | €1,854 | -€16,752 | -90.0% |
| Financial fixed assets | 28 | - | €105 | +€105 | |
| Current assets | 29/58 | €205,697 | €198,673 | -€7,024 | -3.4% |
| Amounts receivable within one year | 40/41 | €105,183 | €167,058 | +€61,875 | +58.8% |
| Trade receivables | 40 | €101,448 | €150,034 | +€48,586 | +47.9% |
| Other amounts receivable | 41 | €3,734 | €17,023 | +€13,289 | +355.9% |
| Cash at bank and in hand | 54/58 | €90,731 | €29,886 | -€60,846 | -67.1% |
| Deferred charges and accrued income | 490/1 | €9,783 | €1,730 | -€8,053 | -82.3% |
| Total equity and liabilities | 10/49 | €925,903 | €1,057,496 | +€131,594 | +14.2% |
| Equity | 10/15 | €6,793 | €13,648 | +€6,854 | +100.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,310 | €15,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €310 | €310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €310 | €310 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,717 | -€7,862 | +€6,854 | +46.6% |
| Amounts payable | 17/49 | €919,109 | €1,043,849 | +€124,739 | +13.6% |
| Amounts payable after more than one year | 17 | €616,402 | €608,584 | -€7,818 | -1.3% |
| Financial debts | 170/4 | €616,402 | €608,584 | -€7,818 | -1.3% |
| Amounts payable within one year | 42/48 | €302,707 | €431,191 | +€128,484 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €58,923 | €56,303 | -€2,620 | -4.4% |
| Financial debts | 43 | €7,051 | €57,867 | +€50,816 | +720.7% |
| Credit institutions | 430/8 | €7,051 | €48,227 | +€41,176 | +584.0% |
| Other loans | 439 | - | €9,640 | +€9,640 | |
| Trade debts | 44 | €29,008 | €33,019 | +€4,011 | +13.8% |
| Suppliers | 440/4 | €29,008 | €33,019 | +€4,011 | +13.8% |
| Taxes, remuneration and social security | 45 | €168,470 | €257,318 | +€88,847 | +52.7% |
| Taxes | 450/3 | €26,940 | €58,503 | +€31,563 | +117.2% |
| Remuneration and social security | 454/9 | €141,530 | €198,815 | +€57,284 | +40.5% |
| Other amounts payable | 47/48 | €39,255 | €26,685 | -€12,570 | -32.0% |
| Accrued charges and deferred income | 492/3 | - | €4,074 | +€4,074 | |
| Remuneration, social security and pensions | 62 | €883,870 | €1,034,733 | +€150,864 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,584 | €42,038 | -€32,546 | -43.6% |
| Other operating charges | 640/8 | €6,566 | €18,857 | +€12,291 | +187.2% |
| Gross operating margin | 9900 | €1,002,179 | €1,130,792 | +€128,613 | +12.8% |
| Operating profit (loss) | 9901 | €37,159 | €35,164 | -€1,995 | -5.4% |
| Financial income | 75/76B | €914 | €1,186 | +€271 | +29.7% |
| Recurring financial income | 75 | €914 | €1,186 | +€271 | +29.7% |
| Financial charges | 65/66B | €7,399 | €25,757 | +€18,358 | +248.1% |
| Recurring financial charges | 65 | €7,399 | €25,757 | +€18,358 | +248.1% |
| Profit (loss) for the period before taxes | 9903 | €30,674 | €10,593 | -€20,081 | -65.5% |
| Income taxes | 67/77 | €7,949 | €3,739 | -€4,210 | -53.0% |
| Profit (loss) for the period | 9904 | €22,725 | €6,854 | -€15,871 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,725 | €6,854 | -€15,871 | -69.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.