DESIWATCH: 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.
DESIWATCH
Largest movements
- Receivables within one year -€104,724
down €104,724 (-63.7%), from €164,287 to €59,563
of which Trade receivables: -€105,161
- Cash -€74,025
down €74,025 (-28.0%), from €264,103 to €190,078
mainly Other debts (-€115,264) and Contributions, distributions and other (-€64,323)
- Deferred charges and accrued income +€21,610
up €21,610 (+1217.8%), from €1,775 to €23,385
- Tangible fixed assets -€8,324
down €8,324 (-96.2%), from €8,652 to €328
- Other debts -€115,264
down €115,264 (-32.8%), from €351,038 to €235,774
- Tax, wage and social debts -€22,224
down €22,224 (-57.7%), from €38,499 to €16,275
- Profit (loss) carried forward -€20,554
down €20,554 (-59.2%), from €34,736 to €14,182
- Current portion of long-term debt -€7,433
down €7,433 (-100.0%), from €7,433 to €0
- Gross operating margin -€100,125
down €100,125 (-60.6%), from €165,301 to €65,176
- Taxes -€21,937
down €21,937 (-65.3%), from €33,615 to €11,678
- Financial charges -€1,765
down €1,765 (-78.3%), from €2,254 to €489
- Depreciation -€1,697
down €1,697 (-16.9%), from €10,021 to €8,324
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 | €438,817 | €273,354 | -€165,462 | -37.7% |
| Fixed assets | 21/28 | €8,652 | €328 | -€8,324 | -96.2% |
| Tangible fixed assets | 22/27 | €8,652 | €328 | -€8,324 | -96.2% |
| Furniture and vehicles | 24 | €8,652 | €328 | -€8,324 | -96.2% |
| Current assets | 29/58 | €430,165 | €273,026 | -€157,138 | -36.5% |
| Amounts receivable within one year | 40/41 | €164,287 | €59,563 | -€104,724 | -63.7% |
| Trade receivables | 40 | €162,902 | €57,741 | -€105,161 | -64.6% |
| Other amounts receivable | 41 | €1,385 | €1,823 | +€437 | +31.6% |
| Cash at bank and in hand | 54/58 | €264,103 | €190,078 | -€74,025 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,775 | €23,385 | +€21,610 | +1217.8% |
| Total equity and liabilities | 10/49 | €438,817 | €273,354 | -€165,462 | -37.7% |
| Equity | 10/15 | €39,736 | €19,182 | -€20,554 | -51.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,736 | €14,182 | -€20,554 | -59.2% |
| Amounts payable | 17/49 | €399,080 | €254,172 | -€144,908 | -36.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €397,335 | €254,172 | -€143,163 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €7,433 | €0 | -€7,433 | -100.0% |
| Trade debts | 44 | €365 | €2,123 | +€1,758 | +481.9% |
| Suppliers | 440/4 | €365 | €2,123 | +€1,758 | +481.9% |
| Taxes, remuneration and social security | 45 | €38,499 | €16,275 | -€22,224 | -57.7% |
| Taxes | 450/3 | €38,499 | €16,275 | -€22,224 | -57.7% |
| Other amounts payable | 47/48 | €351,038 | €235,774 | -€115,264 | -32.8% |
| Accrued charges and deferred income | 492/3 | €1,746 | €0 | -€1,746 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,021 | €8,324 | -€1,697 | -16.9% |
| Other operating charges | 640/8 | €894 | €916 | +€21 | +2.4% |
| Gross operating margin | 9900 | €165,301 | €65,176 | -€100,125 | -60.6% |
| Operating profit (loss) | 9901 | €154,385 | €55,936 | -€98,449 | -63.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,254 | €489 | -€1,765 | -78.3% |
| Recurring financial charges | 65 | €2,254 | €489 | -€1,765 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €152,131 | €55,447 | -€96,685 | -63.6% |
| Income taxes | 67/77 | €33,615 | €11,678 | -€21,937 | -65.3% |
| Profit (loss) for the period | 9904 | €118,516 | €43,769 | -€74,747 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,516 | €43,769 | -€74,747 | -63.1% |
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 5 October 2026 via checked.be.