DESINVEST: 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.
DESINVEST
Largest movements
- Tangible fixed assets +€748,571
up €748,571 (+36.9%), from €2.0m to €2.8m
of which Land and buildings: +€573,878
- Financial fixed assets +€87,682
up €87,682 (+89.5%), from €97,942 to €185,624
- Debts after one year +€911,163
up €911,163 (+68.1%), from €1.3m to €2.2m
- Current portion of long-term debt -€131,268
down €131,268 (-58.9%), from €222,917 to €91,649
- Trade debts +€59,740
up €59,740 (+1,177%), from €5,076 to €64,816
- Gross operating margin -€87,815
down €87,815 (-23.8%), from €369,134 to €281,319
- Taxes -€37,234
down €37,234 (-96.5%), from €38,567 to €1,334
- Financial charges +€16,049
up €16,049 (+21.4%), from €74,832 to €90,882
- Other operating charges +€9,829
up €9,829 (+40.6%), from €24,184 to €34,013
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 | €2,335,594 | €3,179,514 | +€843,920 | +36.1% |
| Fixed assets | 21/28 | €2,127,463 | €2,963,716 | +€836,253 | +39.3% |
| Tangible fixed assets | 22/27 | €2,029,520 | €2,778,091 | +€748,571 | +36.9% |
| Land and buildings | 22 | €2,003,657 | €2,577,535 | +€573,878 | +28.6% |
| Plant, machinery and equipment | 23 | €25,863 | €200,557 | +€174,693 | +675% |
| Financial fixed assets | 28 | €97,942 | €185,624 | +€87,682 | +89.5% |
| Current assets | 29/58 | €208,131 | €215,798 | +€7,667 | +3.7% |
| Amounts receivable within one year | 40/41 | €39,354 | €38,597 | -€757 | -1.9% |
| Trade receivables | 40 | €32,227 | €13,396 | -€18,830 | -58.4% |
| Other amounts receivable | 41 | €7,127 | €25,200 | +€18,073 | +254% |
| Cash at bank and in hand | 54/58 | €166,506 | €164,829 | -€1,677 | -1.0% |
| Deferred charges and accrued income | 490/1 | €2,272 | €12,373 | +€10,101 | +445% |
| Total equity and liabilities | 10/49 | €2,335,594 | €3,179,514 | +€843,920 | +36.1% |
| Equity | 10/15 | €737,008 | €746,037 | +€9,029 | +1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €637,008 | €646,037 | +€9,029 | +1.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €627,008 | €636,037 | +€9,029 | +1.4% |
| Amounts payable | 17/49 | €1,598,586 | €2,433,477 | +€834,891 | +52.2% |
| Amounts payable after more than one year | 17 | €1,337,500 | €2,248,663 | +€911,163 | +68.1% |
| Financial debts | 170/4 | €1,337,500 | €2,248,663 | +€911,163 | +68.1% |
| Amounts payable within one year | 42/48 | €259,430 | €182,814 | -€76,616 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €222,917 | €91,649 | -€131,268 | -58.9% |
| Trade debts | 44 | €5,076 | €64,816 | +€59,740 | +1,177% |
| Suppliers | 440/4 | €5,076 | €64,816 | +€59,740 | +1,177% |
| Taxes, remuneration and social security | 45 | €63 | €975 | +€913 | +1,461% |
| Taxes | 450/3 | €63 | €975 | +€913 | +1,461% |
| Other amounts payable | 47/48 | €31,375 | €25,374 | -€6,001 | -19.1% |
| Accrued charges and deferred income | 492/3 | €1,656 | €2,000 | +€344 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,488 | €157,954 | +€1,466 | +0.9% |
| Other operating charges | 640/8 | €24,184 | €34,013 | +€9,829 | +40.6% |
| Non-recurring operating charges | 66A | €2,390 | - | -€2,390 | |
| Gross operating margin | 9900 | €369,134 | €281,319 | -€87,815 | -23.8% |
| Operating profit (loss) | 9901 | €186,071 | €89,351 | -€96,720 | -52.0% |
| Financial income | 75/76B | €13,110 | €11,893 | -€1,217 | -9.3% |
| Recurring financial income | 75 | €12,385 | €11,893 | -€492 | -4.0% |
| Non-recurring financial income | 76B | €725 | - | -€725 | |
| Financial charges | 65/66B | €74,832 | €90,882 | +€16,049 | +21.4% |
| Recurring financial charges | 65 | €74,832 | €90,882 | +€16,049 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €124,349 | €10,363 | -€113,986 | -91.7% |
| Income taxes | 67/77 | €38,567 | €1,334 | -€37,234 | -96.5% |
| Profit (loss) for the period | 9904 | €85,782 | €9,029 | -€76,753 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,782 | €9,029 | -€76,753 | -89.5% |
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 26 October 2026 via checked.be.