DESOETE: 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.
DESOETE
Largest movements
- Tangible fixed assets +€47,671
up €47,671 (+1952.1%), from €2,442 to €50,113
of which Furniture and vehicles: +€49,428
- Receivables after one year -€30,000
down €30,000 (-13.3%), from €225,000 to €195,000
- Current investments -€25,291
down €25,291 (-56.8%), from €44,512 to €19,221
- Receivables within one year -€21,181
down €21,181 (-75.3%), from €28,119 to €6,938
of which Other amounts receivable: -€23,820
- Cash +€9,789
up €9,789 (+26.2%), from €37,314 to €47,104
mainly Net result for the year (+€33,192) and Receivables after one year (+€30,000)
- Reserves -€33,337
down €33,337 (-11.4%), from €291,917 to €258,579
- Current portion of long-term debt +€9,868
new in 2025: €9,868
- Debts after one year +€9,323
new in 2025: €9,323
- Other debts -€6,413
down €6,413 (-79.4%), from €8,079 to €1,666
- Gross operating margin +€17,256
up €17,256 (+51.5%), from €33,535 to €50,791
- Taxes -€7,982
down €7,982 (-32.4%), from €24,636 to €16,655
- Depreciation +€3,232
up €3,232 (+184.0%), from €1,757 to €4,989
- Financial income -€626
down €626 (-8.6%), from €7,242 to €6,616
- Financial charges -€522
down €522 (-21.7%), from €2,405 to €1,883
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 | €342,526 | €321,248 | -€21,279 | -6.2% |
| Fixed assets | 21/28 | €2,442 | €50,113 | +€47,671 | +1952.1% |
| Tangible fixed assets | 22/27 | €2,442 | €50,113 | +€47,671 | +1952.1% |
| Plant, machinery and equipment | 23 | €1,815 | €630 | -€1,184 | -65.3% |
| Furniture and vehicles | 24 | - | €49,428 | +€49,428 | |
| Other tangible fixed assets | 26 | €627 | €55 | -€572 | -91.2% |
| Current assets | 29/58 | €340,084 | €271,135 | -€68,950 | -20.3% |
| Amounts receivable after more than one year | 29 | €225,000 | €195,000 | -€30,000 | -13.3% |
| Other amounts receivable | 291 | €225,000 | €195,000 | -€30,000 | -13.3% |
| Amounts receivable within one year | 40/41 | €28,119 | €6,938 | -€21,181 | -75.3% |
| Trade receivables | 40 | - | €2,639 | +€2,639 | |
| Other amounts receivable | 41 | €28,119 | €4,298 | -€23,820 | -84.7% |
| Current investments | 50/53 | €44,512 | €19,221 | -€25,291 | -56.8% |
| Cash at bank and in hand | 54/58 | €37,314 | €47,104 | +€9,789 | +26.2% |
| Deferred charges and accrued income | 490/1 | €5,140 | €2,873 | -€2,267 | -44.1% |
| Total equity and liabilities | 10/49 | €342,526 | €321,248 | -€21,279 | -6.2% |
| Equity | 10/15 | €322,903 | €289,566 | -€33,337 | -10.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €291,917 | €258,579 | -€33,337 | -11.4% |
| Distributable reserves | 133 | €291,917 | €258,579 | -€33,337 | -11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,623 | €31,682 | +€12,059 | +61.5% |
| Amounts payable after more than one year | 17 | - | €9,323 | +€9,323 | |
| Financial debts | 170/4 | - | €9,323 | +€9,323 | |
| Amounts payable within one year | 42/48 | €19,623 | €22,359 | +€2,736 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,868 | +€9,868 | |
| Trade debts | 44 | €2,944 | €1,193 | -€1,751 | -59.5% |
| Suppliers | 440/4 | €2,944 | €1,193 | -€1,751 | -59.5% |
| Taxes, remuneration and social security | 45 | €8,600 | €9,631 | +€1,031 | +12.0% |
| Taxes | 450/3 | €8,600 | €9,631 | +€1,031 | +12.0% |
| Other amounts payable | 47/48 | €8,079 | €1,666 | -€6,413 | -79.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,757 | €4,989 | +€3,232 | +184.0% |
| Other operating charges | 640/8 | €668 | €688 | +€20 | +2.9% |
| Gross operating margin | 9900 | €33,535 | €50,791 | +€17,256 | +51.5% |
| Operating profit (loss) | 9901 | €31,110 | €45,114 | +€14,004 | +45.0% |
| Financial income | 75/76B | €7,242 | €6,616 | -€626 | -8.6% |
| Recurring financial income | 75 | €7,242 | €6,616 | -€626 | -8.6% |
| Financial charges | 65/66B | €2,405 | €1,883 | -€522 | -21.7% |
| Recurring financial charges | 65 | €2,405 | €1,883 | -€522 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €35,947 | €49,847 | +€13,900 | +38.7% |
| Income taxes | 67/77 | €24,636 | €16,655 | -€7,982 | -32.4% |
| Profit (loss) for the period | 9904 | €11,311 | €33,192 | +€21,881 | +193.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,311 | €33,192 | +€21,881 | +193.5% |
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 6 October 2026 via checked.be.