DESOBO: 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.
DESOBO
Largest movements
- Stocks and contracts +€304,320
up €304,320 (+14.7%), from €2.1m to €2.4m
- Cash -€204,926
down €204,926 (-32.9%), from €623,452 to €418,527
mainly Stocks and contracts (-€304,320) and Tax, wage and social debts (-€56,783)
- Receivables within one year -€138,475
down €138,475 (-48.3%), from €286,629 to €148,155
of which Trade receivables: -€142,739
- Tax, wage and social debts -€56,783
down €56,783 (-100.0%), from €56,783 to €0
- Financial charges +€14,380
up €14,380 (+16.8%), from €85,421 to €99,801
- Gross operating margin -€11,801
down €11,801 (-10.5%), from €112,337 to €100,536
- Taxes -€5,988
down €5,988 (-92.2%), from €6,492 to €504
- Financial income +€1,367
up €1,367 (+278.7%), from €490 to €1,857
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 | €2,978,098 | €2,937,310 | -€40,788 | -1.4% |
| Current assets | 29/58 | €2,978,098 | €2,937,310 | -€40,788 | -1.4% |
| Stocks and contracts in progress | 3 | €2,065,453 | €2,369,773 | +€304,320 | +14.7% |
| Contracts in progress | 37 | €2,065,453 | €2,369,773 | +€304,320 | +14.7% |
| Amounts receivable within one year | 40/41 | €286,629 | €148,155 | -€138,475 | -48.3% |
| Trade receivables | 40 | €156,629 | €13,891 | -€142,739 | -91.1% |
| Other amounts receivable | 41 | €130,000 | €134,264 | +€4,264 | +3.3% |
| Cash at bank and in hand | 54/58 | €623,452 | €418,527 | -€204,926 | -32.9% |
| Deferred charges and accrued income | 490/1 | €2,563 | €855 | -€1,708 | -66.6% |
| Total equity and liabilities | 10/49 | €2,978,098 | €2,937,310 | -€40,788 | -1.4% |
| Equity | 10/15 | €25,885 | €27,398 | +€1,513 | +5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,885 | €22,398 | +€1,513 | +7.2% |
| Distributable reserves | 133 | €20,885 | €22,398 | +€1,513 | +7.2% |
| Amounts payable | 17/49 | €2,952,213 | €2,909,912 | -€42,301 | -1.4% |
| Amounts payable within one year | 42/48 | €2,952,213 | €2,909,912 | -€42,301 | -1.4% |
| Financial debts | 43 | €2,894,117 | €2,894,117 | = | 0.0% |
| Credit institutions | 430/8 | €2,894,117 | €2,894,117 | = | 0.0% |
| Trade debts | 44 | €1,313 | €15,795 | +€14,482 | +1103.0% |
| Suppliers | 440/4 | €1,313 | €15,795 | +€14,482 | +1103.0% |
| Taxes, remuneration and social security | 45 | €56,783 | €0 | -€56,783 | -100.0% |
| Taxes | 450/3 | €56,783 | €0 | -€56,783 | -100.0% |
| Other operating charges | 640/8 | €1,437 | €575 | -€862 | -60.0% |
| Gross operating margin | 9900 | €112,337 | €100,536 | -€11,801 | -10.5% |
| Operating profit (loss) | 9901 | €110,900 | €99,961 | -€10,939 | -9.9% |
| Financial income | 75/76B | €490 | €1,857 | +€1,367 | +278.7% |
| Recurring financial income | 75 | €490 | €1,857 | +€1,367 | +278.7% |
| Financial charges | 65/66B | €85,421 | €99,801 | +€14,380 | +16.8% |
| Recurring financial charges | 65 | €85,421 | €99,801 | +€14,380 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €25,969 | €2,017 | -€23,953 | -92.2% |
| Income taxes | 67/77 | €6,492 | €504 | -€5,988 | -92.2% |
| Profit (loss) for the period | 9904 | €19,477 | €1,513 | -€17,965 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,477 | €1,513 | -€17,965 | -92.2% |
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 4 October 2026 via checked.be.