DESK: 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.
DESK
Largest movements
- Cash +€83,557
up €83,557 (+183.8%), from €45,458 to €129,015
- Stocks and contracts -€14,159
down €14,159 (-74.0%), from €19,141 to €4,983
- Receivables within one year -€10,216
down €10,216 (-16.1%), from €63,586 to €53,370
of which Trade receivables: -€12,396
- Intangible fixed assets -€3,998
down €3,998 (-9.2%), from €43,237 to €39,239
- Reserves +€35,009
up €35,009 (+92.3%), from €37,940 to €72,950
of which Distributable reserves: +€30,488
- Other debts -€25,668
down €25,668 (-40.6%), from €63,248 to €37,580
- Profit (loss) carried forward +€20,946
up €20,946, from -€20,946 to €0
- Tax, wage and social debts +€15,859
up €15,859 (+127.6%), from €12,433 to €28,292
of which Taxes: +€16,438
- Trade debts +€8,656
up €8,656 (+75.6%), from €11,444 to €20,100
- Gross operating margin +€44,481
up €44,481 (+53.2%), from €83,633 to €128,114
- Financial income +€11,005
up €11,005 (+1202.4%), from €915 to €11,920
- Staff costs +€5,958
up €5,958 (+61.4%), from €9,698 to €15,656
- Taxes +€5,427
up €5,427 (+39.4%), from €13,779 to €19,206
- Depreciation +€2,778
up €2,778 (+55.1%), from €5,042 to €7,820
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,120 | €229,006 | +€53,886 | +30.8% |
| Fixed assets | 21/28 | €45,637 | €41,639 | -€3,998 | -8.8% |
| Intangible fixed assets | 21 | €43,237 | €39,239 | -€3,998 | -9.2% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €129,483 | €187,367 | +€57,884 | +44.7% |
| Stocks and contracts in progress | 3 | €19,141 | €4,983 | -€14,159 | -74.0% |
| Stocks | 30/36 | €19,141 | €4,983 | -€14,159 | -74.0% |
| Amounts receivable within one year | 40/41 | €63,586 | €53,370 | -€10,216 | -16.1% |
| Trade receivables | 40 | €63,586 | €51,190 | -€12,396 | -19.5% |
| Other amounts receivable | 41 | - | €2,180 | +€2,180 | |
| Cash at bank and in hand | 54/58 | €45,458 | €129,015 | +€83,557 | +183.8% |
| Deferred charges and accrued income | 490/1 | €1,298 | €0 | -€1,298 | -100.0% |
| Total equity and liabilities | 10/49 | €175,120 | €229,006 | +€53,886 | +30.8% |
| Equity | 10/15 | €86,995 | €142,950 | +€55,955 | +64.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €37,940 | €72,950 | +€35,009 | +92.3% |
| Non-distributable reserves | 130/1 | €3,099 | €7,620 | +€4,521 | +145.9% |
| Legal reserve | 130 | €2,479 | €7,000 | +€4,521 | +182.4% |
| Own shares acquired | 1312 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €34,842 | €65,330 | +€30,488 | +87.5% |
| Profit (loss) carried forward | 14 | -€20,946 | €0 | +€20,946 | |
| Amounts payable | 17/49 | €88,125 | €86,056 | -€2,069 | -2.3% |
| Amounts payable after more than one year | 17 | - | €84 | +€84 | |
| Other amounts payable | 178/9 | - | €84 | +€84 | |
| Amounts payable within one year | 42/48 | €87,125 | €85,972 | -€1,153 | -1.3% |
| Trade debts | 44 | €11,444 | €20,100 | +€8,656 | +75.6% |
| Suppliers | 440/4 | €11,444 | €20,100 | +€8,656 | +75.6% |
| Taxes, remuneration and social security | 45 | €12,433 | €28,292 | +€15,859 | +127.6% |
| Taxes | 450/3 | €11,855 | €28,292 | +€16,438 | +138.7% |
| Remuneration and social security | 454/9 | €578 | €0 | -€578 | -100.0% |
| Other amounts payable | 47/48 | €63,248 | €37,580 | -€25,668 | -40.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €9,698 | €15,656 | +€5,958 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,042 | €7,820 | +€2,778 | +55.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,146 | -€1,146 | |
| Other operating charges | 640/8 | €702 | €2,230 | +€1,528 | +217.7% |
| Gross operating margin | 9900 | €83,633 | €128,114 | +€44,481 | +53.2% |
| Operating profit (loss) | 9901 | €68,191 | €103,554 | +€35,362 | +51.9% |
| Financial income | 75/76B | €915 | €11,920 | +€11,005 | +1202.4% |
| Recurring financial income | 75 | €915 | €11,920 | +€11,005 | +1202.4% |
| Financial charges | 65/66B | €2,062 | €2,733 | +€670 | +32.5% |
| Recurring financial charges | 65 | €2,062 | €2,733 | +€670 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €67,044 | €112,741 | +€45,697 | +68.2% |
| Income taxes | 67/77 | €13,779 | €19,206 | +€5,427 | +39.4% |
| Profit (loss) for the period | 9904 | €53,265 | €93,535 | +€40,270 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,265 | €93,535 | +€40,270 | +75.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.