Desoete Group: 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.
Desoete Group
Largest movements
- Financial fixed assets -€60,000
down €60,000 (-4.3%), from €1.4m to €1.3m
- Tangible fixed assets -€35,274
down €35,274 (-6.6%), from €534,762 to €499,488
of which Leasing and similar rights: -€27,513
- Receivables within one year +€25,325
up €25,325 (+8.8%), from €287,846 to €313,171
of which Trade receivables: +€27,704
- Debts after one year -€176,271
down €176,271 (-23.9%), from €736,606 to €560,334
- Reserves +€104,803
up €104,803 (+10.3%), from €1.0m to €1.1m
- Other debts +€78,499
up €78,499 (+200%), from €39,291 to €117,789
- Trade debts -€39,377
down €39,377 (-77.1%), from €51,086 to €11,709
- Financial income -€266,136
down €266,136 (-95.8%), from €277,792 to €11,656
- Financial charges +€38,664
up €38,664 (+69.2%), from €55,867 to €94,531
of which Non-recurring financial charges: +€50,000
- Taxes -€36,831
down €36,831 (-33.3%), from €110,768 to €73,936
- Depreciation +€18,800
up €18,800 (+114%), from €16,475 to €35,274
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 | €2,226,955 | €2,155,756 | -€71,199 | -3.2% |
| Fixed assets | 21/28 | €1,923,297 | €1,828,022 | -€95,274 | -5.0% |
| Tangible fixed assets | 22/27 | €534,762 | €499,488 | -€35,274 | -6.6% |
| Land and buildings | 22 | €113,366 | €109,883 | -€3,482 | -3.1% |
| Plant, machinery and equipment | 23 | €403 | €304 | -€99 | -24.6% |
| Furniture and vehicles | 24 | €14,890 | €11,487 | -€3,403 | -22.9% |
| Leasing and similar rights | 25 | €125,191 | €97,678 | -€27,513 | -22.0% |
| Other tangible fixed assets | 26 | €280,912 | €280,136 | -€777 | -0.3% |
| Financial fixed assets | 28 | €1,388,535 | €1,328,535 | -€60,000 | -4.3% |
| Current assets | 29/58 | €303,658 | €327,733 | +€24,075 | +7.9% |
| Amounts receivable after more than one year | 29 | - | €4,400 | +€4,400 | |
| Other amounts receivable | 291 | - | €4,400 | +€4,400 | |
| Amounts receivable within one year | 40/41 | €287,846 | €313,171 | +€25,325 | +8.8% |
| Trade receivables | 40 | €91,405 | €119,109 | +€27,704 | +30.3% |
| Other amounts receivable | 41 | €196,441 | €194,062 | -€2,379 | -1.2% |
| Cash at bank and in hand | 54/58 | €4,061 | €563 | -€3,498 | -86.1% |
| Deferred charges and accrued income | 490/1 | €11,752 | €9,600 | -€2,151 | -18.3% |
| Total equity and liabilities | 10/49 | €2,226,955 | €2,155,756 | -€71,199 | -3.2% |
| Equity | 10/15 | €1,034,653 | €1,139,456 | +€104,803 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,016,053 | €1,120,856 | +€104,803 | +10.3% |
| Distributable reserves | 133 | €1,016,053 | €1,120,856 | +€104,803 | +10.3% |
| Amounts payable | 17/49 | €1,192,303 | €1,016,300 | -€176,003 | -14.8% |
| Amounts payable after more than one year | 17 | €736,606 | €560,334 | -€176,271 | -23.9% |
| Financial debts | 170/4 | €736,606 | €560,334 | -€176,271 | -23.9% |
| Amounts payable within one year | 42/48 | €454,219 | €453,700 | -€519 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €197,109 | €178,743 | -€18,365 | -9.3% |
| Financial debts | 43 | €76,104 | €69,183 | -€6,921 | -9.1% |
| Credit institutions | 430/8 | €76,104 | €69,183 | -€6,921 | -9.1% |
| Trade debts | 44 | €51,086 | €11,709 | -€39,377 | -77.1% |
| Suppliers | 440/4 | €51,086 | €11,709 | -€39,377 | -77.1% |
| Taxes, remuneration and social security | 45 | €90,630 | €76,275 | -€14,355 | -15.8% |
| Taxes | 450/3 | €90,630 | €76,275 | -€14,355 | -15.8% |
| Other amounts payable | 47/48 | €39,291 | €117,789 | +€78,499 | +200% |
| Accrued charges and deferred income | 492/3 | €1,478 | €2,266 | +€788 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,475 | €35,274 | +€18,800 | +114% |
| Other operating charges | 640/8 | €5,677 | €7,101 | +€1,424 | +25.1% |
| Non-recurring operating charges | 66A | €0 | €28,081 | +€28,081 | |
| Gross operating margin | 9900 | €335,012 | €332,071 | -€2,941 | -0.9% |
| Operating profit (loss) | 9901 | €312,860 | €261,614 | -€51,246 | -16.4% |
| Financial income | 75/76B | €277,792 | €11,656 | -€266,136 | -95.8% |
| Recurring financial income | 75 | €277,792 | €11,656 | -€266,136 | -95.8% |
| Financial charges | 65/66B | €55,867 | €94,531 | +€38,664 | +69.2% |
| Recurring financial charges | 65 | €55,867 | €44,531 | -€11,336 | -20.3% |
| Non-recurring financial charges | 66B | - | €50,000 | +€50,000 | |
| Profit (loss) for the period before taxes | 9903 | €534,786 | €178,740 | -€356,046 | -66.6% |
| Income taxes | 67/77 | €110,768 | €73,936 | -€36,831 | -33.3% |
| Profit (loss) for the period | 9904 | €424,018 | €104,803 | -€319,215 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €424,018 | €104,803 | -€319,215 | -75.3% |
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 29 October 2026 via checked.be.