DesNovo: 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.
DesNovo
Largest movements
- Current investments -€175,000
down €175,000 (-41.2%), from €424,990 to €249,990
- Tangible fixed assets -€29,649
down €29,649 (-4.2%), from €698,685 to €669,036
of which Land and buildings: -€20,063
- Other debts -€330,567
down €330,567 (-66.0%), from €500,562 to €169,995
- Reserves +€182,726
up €182,726 (+53.0%), from €344,677 to €527,403
of which Tax-exempt reserves: +€96,830
- Debts after one year -€39,925
down €39,925 (-15.5%), from €258,289 to €218,363
- Financial income +€19,586
up €19,586 (+10,186%), from €192 to €19,779
- Gross operating margin +€15,511
up €15,511 (+6.2%), from €248,426 to €263,937
- Taxes +€9,161
up €9,161 (+18.3%), from €50,002 to €59,163
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 | €1,381,216 | €1,182,594 | -€198,623 | -14.4% |
| Fixed assets | 21/28 | €698,775 | €669,126 | -€29,649 | -4.2% |
| Tangible fixed assets | 22/27 | €698,685 | €669,036 | -€29,649 | -4.2% |
| Land and buildings | 22 | €656,267 | €636,203 | -€20,063 | -3.1% |
| Plant, machinery and equipment | 23 | €3,243 | €2,893 | -€350 | -10.8% |
| Furniture and vehicles | 24 | €39,175 | €29,940 | -€9,236 | -23.6% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €682,442 | €513,468 | -€168,974 | -24.8% |
| Amounts receivable within one year | 40/41 | €160,006 | €160,001 | -€5 | 0.0% |
| Trade receivables | 40 | €160,002 | €160,000 | -€2 | 0.0% |
| Other amounts receivable | 41 | €4 | €1 | -€3 | -76.6% |
| Current investments | 50/53 | €424,990 | €249,990 | -€175,000 | -41.2% |
| Cash at bank and in hand | 54/58 | €79,661 | €90,805 | +€11,143 | +14.0% |
| Deferred charges and accrued income | 490/1 | €17,785 | €12,673 | -€5,112 | -28.7% |
| Total equity and liabilities | 10/49 | €1,381,216 | €1,182,594 | -€198,623 | -14.4% |
| Equity | 10/15 | €526,583 | €709,309 | +€182,726 | +34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €344,677 | €527,403 | +€182,726 | +53.0% |
| Tax-exempt reserves | 132 | - | €96,830 | +€96,830 | |
| Distributable reserves | 133 | €344,677 | €430,573 | +€85,896 | +24.9% |
| Profit (loss) carried forward | 14 | €163,306 | €163,306 | = | 0.0% |
| Amounts payable | 17/49 | €854,633 | €473,284 | -€381,349 | -44.6% |
| Amounts payable after more than one year | 17 | €258,289 | €218,363 | -€39,925 | -15.5% |
| Financial debts | 170/4 | €258,289 | €218,363 | -€39,925 | -15.5% |
| Amounts payable within one year | 42/48 | €590,921 | €249,421 | -€341,501 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €39,657 | €39,925 | +€268 | +0.7% |
| Trade debts | 44 | €3,139 | €2,390 | -€749 | -23.9% |
| Suppliers | 440/4 | €3,139 | €2,390 | -€749 | -23.9% |
| Taxes, remuneration and social security | 45 | €47,564 | €37,110 | -€10,454 | -22.0% |
| Taxes | 450/3 | €47,564 | €37,110 | -€10,454 | -22.0% |
| Other amounts payable | 47/48 | €500,562 | €169,995 | -€330,567 | -66.0% |
| Accrued charges and deferred income | 492/3 | €5,423 | €5,500 | +€77 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,681 | €31,829 | +€148 | +0.5% |
| Other operating charges | 640/8 | €4,908 | €4,736 | -€172 | -3.5% |
| Gross operating margin | 9900 | €248,426 | €263,937 | +€15,511 | +6.2% |
| Operating profit (loss) | 9901 | €211,836 | €227,372 | +€15,536 | +7.3% |
| Financial income | 75/76B | €192 | €19,779 | +€19,586 | +10,186% |
| Recurring financial income | 75 | €192 | €19,779 | +€19,586 | +10,186% |
| Financial charges | 65/66B | €3,950 | €5,261 | +€1,312 | +33.2% |
| Recurring financial charges | 65 | €3,950 | €5,261 | +€1,312 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €208,079 | €241,889 | +€33,810 | +16.2% |
| Income taxes | 67/77 | €50,002 | €59,163 | +€9,161 | +18.3% |
| Profit (loss) for the period | 9904 | €158,077 | €182,726 | +€24,649 | +15.6% |
| Transfer to tax-exempt reserves | 689 | - | €96,830 | +€96,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,077 | €85,896 | -€72,181 | -45.7% |
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 1 November 2026 via checked.be.