DESINDO: 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.
DESINDO
Largest movements
- Intangible fixed assets -€81,619
down €81,619 (-20.2%), from €404,964 to €323,345
- Cash +€67,486
up €67,486 (+29.0%), from €232,903 to €300,389
mainly Net result for the year (+€452,362) and Trade debts (+€249,253)
- Reserves +€500,000
up €500,000 (+14.3%), from €3.5m to €4.0m
- Other debts -€390,000
down €390,000 (-100.0%), from €390,000 to €0
- Trade debts +€249,253
up €249,253 (+87.5%), from €284,708 to €533,961
- Debts after one year -€215,397
down €215,397 (-28.7%), from €750,000 to €534,603
of which Other amounts payable: -€250,000
- Current portion of long-term debt -€68,645
down €68,645 (-76.6%), from €89,622 to €20,977
- Staff costs -€42,799
down €42,799 (-7.0%), from €613,478 to €570,679
- Taxes +€22,770
up €22,770 (+15.5%), from €146,470 to €169,241
- Financial charges -€20,670
down €20,670 (-24.7%), from €83,823 to €63,153
- Other operating charges -€14,303
down €14,303 (-24.9%), from €57,421 to €43,118
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 | €5,531,310 | €5,540,490 | +€9,179 | +0.2% |
| Fixed assets | 21/28 | €500,081 | €436,509 | -€63,572 | -12.7% |
| Intangible fixed assets | 21 | €404,964 | €323,345 | -€81,619 | -20.2% |
| Tangible fixed assets | 22/27 | €86,545 | €104,592 | +€18,047 | +20.9% |
| Plant, machinery and equipment | 23 | €42,283 | €23,173 | -€19,111 | -45.2% |
| Furniture and vehicles | 24 | €11,107 | €14,090 | +€2,984 | +26.9% |
| Leasing and similar rights | 25 | €24,763 | €59,910 | +€35,148 | +141.9% |
| Other tangible fixed assets | 26 | €8,392 | €7,419 | -€974 | -11.6% |
| Financial fixed assets | 28 | €8,571 | €8,571 | = | 0.0% |
| Current assets | 29/58 | €5,031,229 | €5,103,981 | +€72,751 | +1.4% |
| Stocks and contracts in progress | 3 | €4,100,154 | €4,136,181 | +€36,027 | +0.9% |
| Stocks | 30/36 | €4,100,154 | €4,136,181 | +€36,027 | +0.9% |
| Amounts receivable within one year | 40/41 | €698,173 | €667,411 | -€30,762 | -4.4% |
| Trade receivables | 40 | €680,053 | €631,651 | -€48,402 | -7.1% |
| Other amounts receivable | 41 | €18,120 | €35,759 | +€17,640 | +97.3% |
| Cash at bank and in hand | 54/58 | €232,903 | €300,389 | +€67,486 | +29.0% |
| Total equity and liabilities | 10/49 | €5,531,310 | €5,540,490 | +€9,179 | +0.2% |
| Equity | 10/15 | €3,848,811 | €4,301,173 | +€452,362 | +11.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €3,500,000 | €4,000,000 | +€500,000 | +14.3% |
| Distributable reserves | 133 | €3,500,000 | €4,000,000 | +€500,000 | +14.3% |
| Profit (loss) carried forward | 14 | €330,061 | €282,423 | -€47,638 | -14.4% |
| Amounts payable | 17/49 | €1,682,499 | €1,239,316 | -€443,182 | -26.3% |
| Amounts payable after more than one year | 17 | €750,000 | €534,603 | -€215,397 | -28.7% |
| Financial debts | 170/4 | €0 | €34,603 | +€34,603 | |
| Other amounts payable | 178/9 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Amounts payable within one year | 42/48 | €913,890 | €677,752 | -€236,138 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €89,622 | €20,977 | -€68,645 | -76.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €284,708 | €533,961 | +€249,253 | +87.5% |
| Suppliers | 440/4 | €284,708 | €533,961 | +€249,253 | +87.5% |
| Taxes, remuneration and social security | 45 | €149,561 | €122,815 | -€26,746 | -17.9% |
| Taxes | 450/3 | €96,211 | €68,799 | -€27,412 | -28.5% |
| Remuneration and social security | 454/9 | €53,350 | €54,016 | +€666 | +1.2% |
| Other amounts payable | 47/48 | €390,000 | €0 | -€390,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €18,608 | €26,961 | +€8,353 | +44.9% |
| Remuneration, social security and pensions | 62 | €613,478 | €570,679 | -€42,799 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,350 | €129,104 | -€6,245 | -4.6% |
| Other operating charges | 640/8 | €57,421 | €43,118 | -€14,303 | -24.9% |
| Gross operating margin | 9900 | €1,392,824 | €1,394,238 | +€1,414 | +0.1% |
| Operating profit (loss) | 9901 | €586,575 | €651,337 | +€64,762 | +11.0% |
| Financial income | 75/76B | €34,196 | €33,419 | -€777 | -2.3% |
| Recurring financial income | 75 | €34,196 | €33,419 | -€777 | -2.3% |
| Financial charges | 65/66B | €83,823 | €63,153 | -€20,670 | -24.7% |
| Recurring financial charges | 65 | €83,823 | €63,153 | -€20,670 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €536,947 | €621,602 | +€84,655 | +15.8% |
| Income taxes | 67/77 | €146,470 | €169,241 | +€22,770 | +15.5% |
| Profit (loss) for the period | 9904 | €390,477 | €452,362 | +€61,885 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €390,477 | €452,362 | +€61,885 | +15.8% |
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 10 October 2026 via checked.be.