DESIRON & LIZEN: 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.
DESIRON & LIZEN
Largest movements
- Current investments +€145,000
up €145,000 (+70.7%), from €205,000 to €350,000
- Receivables within one year -€82,123
down €82,123 (-31.8%), from €258,035 to €175,912
of which Trade receivables: -€93,287
- Cash +€73,051
up €73,051 (+32.5%), from €224,591 to €297,642
mainly Other debts (+€148,655) and Net result for the year (+€119,873)
- Tangible fixed assets -€9,462
down €9,462 (-29.5%), from €32,116 to €22,654
of which Plant, machinery and equipment: -€5,548
- Other debts +€148,655
up €148,655 (+70.6%), from €210,680 to €359,335
- Trade debts -€60,709
down €60,709 (-37.5%), from €161,720 to €101,011
- Tax, wage and social debts +€32,500
up €32,500 (+305.9%), from €10,625 to €43,125
of which Taxes: +€34,136
- Write-downs -€63,975
down €63,975, from €53,168 to -€10,806
- Gross operating margin -€55,352
down €55,352 (-23.6%), from €234,369 to €179,018
- Financial charges -€4,759
down €4,759 (-41.6%), from €11,430 to €6,671
- Financial income -€4,635
down €4,635 (-54.0%), from €8,577 to €3,942
- Taxes +€2,606
up €2,606 (+9.0%), from €29,102 to €31,709
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 | €810,650 | €927,052 | +€116,402 | +14.4% |
| Fixed assets | 21/28 | €32,116 | €22,654 | -€9,462 | -29.5% |
| Tangible fixed assets | 22/27 | €32,116 | €22,654 | -€9,462 | -29.5% |
| Plant, machinery and equipment | 23 | €23,295 | €17,747 | -€5,548 | -23.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €8,821 | €4,907 | -€3,914 | -44.4% |
| Current assets | 29/58 | €778,535 | €904,398 | +€125,864 | +16.2% |
| Stocks and contracts in progress | 3 | €84,479 | €79,980 | -€4,499 | -5.3% |
| Stocks | 30/36 | €84,479 | €79,980 | -€4,499 | -5.3% |
| Amounts receivable within one year | 40/41 | €258,035 | €175,912 | -€82,123 | -31.8% |
| Trade receivables | 40 | €238,955 | €145,668 | -€93,287 | -39.0% |
| Other amounts receivable | 41 | €19,080 | €30,244 | +€11,164 | +58.5% |
| Current investments | 50/53 | €205,000 | €350,000 | +€145,000 | +70.7% |
| Cash at bank and in hand | 54/58 | €224,591 | €297,642 | +€73,051 | +32.5% |
| Deferred charges and accrued income | 490/1 | €6,430 | €864 | -€5,566 | -86.6% |
| Total equity and liabilities | 10/49 | €810,650 | €927,052 | +€116,402 | +14.4% |
| Equity | 10/15 | €417,945 | €417,945 | = | 0.0% |
| Contributions | 10/11 | €89,300 | €89,300 | = | 0.0% |
| Reserves | 13 | €48,969 | €48,969 | = | 0.0% |
| Distributable reserves | 133 | €48,969 | €48,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,676 | €279,676 | = | 0.0% |
| Amounts payable | 17/49 | €392,705 | €509,107 | +€116,402 | +29.6% |
| Amounts payable within one year | 42/48 | €383,025 | €503,471 | +€120,446 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €161,720 | €101,011 | -€60,709 | -37.5% |
| Suppliers | 440/4 | €161,720 | €101,011 | -€60,709 | -37.5% |
| Taxes, remuneration and social security | 45 | €10,625 | €43,125 | +€32,500 | +305.9% |
| Taxes | 450/3 | €3,319 | €37,456 | +€34,136 | +1028.4% |
| Remuneration and social security | 454/9 | €7,306 | €5,669 | -€1,637 | -22.4% |
| Other amounts payable | 47/48 | €210,680 | €359,335 | +€148,655 | +70.6% |
| Accrued charges and deferred income | 492/3 | €9,680 | €5,635 | -€4,045 | -41.8% |
| Remuneration, social security and pensions | 62 | €23,070 | €22,410 | -€660 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,500 | €11,438 | +€938 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,168 | -€10,806 | -€63,975 | |
| Other operating charges | 640/8 | €811 | €1,666 | +€855 | +105.4% |
| Non-recurring operating charges | 66A | €2,264 | €0 | -€2,264 | -100.0% |
| Gross operating margin | 9900 | €234,369 | €179,018 | -€55,352 | -23.6% |
| Operating profit (loss) | 9901 | €144,556 | €154,310 | +€9,754 | +6.7% |
| Financial income | 75/76B | €8,577 | €3,942 | -€4,635 | -54.0% |
| Recurring financial income | 75 | €8,577 | €3,942 | -€4,635 | -54.0% |
| Financial charges | 65/66B | €11,430 | €6,671 | -€4,759 | -41.6% |
| Recurring financial charges | 65 | €11,430 | €6,671 | -€4,759 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €141,703 | €151,581 | +€9,878 | +7.0% |
| Income taxes | 67/77 | €29,102 | €31,709 | +€2,606 | +9.0% |
| Profit (loss) for the period | 9904 | €112,601 | €119,873 | +€7,272 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,601 | €119,873 | +€7,272 | +6.5% |
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 11 October 2026 via checked.be.