DESOT: what changed
What changed
DESOT
NACE 42.919, Civil engineering
filed annual accounts (NBB)
Net result for the year
€396,279
2024 · €220,194+€176,085
Equity
€1.9m
2024 · €2.0m-€103,721
Cash
€474,701
2024 · €858,349-€383,648
Balance sheet total
€4.4m
2024 · €4.6m-€194,894
Largest movements
Assets
- Receivables within one year -€518,313
down €518,313 (-26.7%), from €1.9m to €1.4m
of which Trade receivables: -€555,220
- Tangible fixed assets +€505,657
up €505,657 (+30.0%), from €1.7m to €2.2m
of which Plant, machinery and equipment: +€365,834
- Cash -€383,648
down €383,648 (-44.7%), from €858,349 to €474,701
mainly Investment in fixed assets (net) (-€904,907) and Contributions, distributions and other (-€500,000)
- Current investments +€200,000
new in 2025: €200,000
Equity and liabilities
- Other debts -€243,638
down €243,638 (-30.4%), from €802,410 to €558,772
- Trade debts +€153,789
up €153,789 (+26.5%), from €579,532 to €733,321
- Reserves -€103,721
down €103,721 (-5.8%), from €1.8m to €1.7m
of which Distributable reserves: -€95,171
- Advances received -€92,008
down €92,008 (-17.3%), from €532,918 to €440,910
Income statement
- Gross operating margin +€468,938
up €468,938 (+17.2%), from €2.7m to €3.2m
- Staff costs +€138,611
up €138,611 (+6.5%), from €2.1m to €2.3m
- Provisions +€113,220
up €113,220 (+89.7%), from -€126,220 to -€13,000
- Depreciation +€52,416
up €52,416 (+15.1%), from €346,834 to €399,250
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€220,194
Gross operating margin
+€468,938
Staff costs
-€138,611
Depreciation
-€52,416
Provisions
-€113,220
Other operating charges
+€5,670
Financial income
+€6,970
Financial charges
+€3,034
Taxes
-€4,281
Result 2025
€396,279
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€1.1m
Financing
-€435,471
Cash 2024
€858,349
From operations (derived)
+€1.2m
Net result for the year
+€396,279
Depreciation
+€399,250
Stocks and contracts
+€1,150
Receivables within one year
+€518,313
Deferred charges and accrued income
-€2,560
Provisions
-€15,850
Trade debts
+€153,789
Tax, wage and social debts
+€42,005
Advances received
-€92,008
Other debts
-€243,638
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€904,907
Current investments
-€200,000
Financing
-€435,471
Debts after one year
-€3,148
Current portion of long-term debt
+€38,358
Short-term financial debts
+€29,320
Contributions, distributions and other
-€500,000
Cash 2025
€474,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,572,006 | €4,377,112 | -€194,894 | -4.3% |
| Fixed assets | 21/28 | €1,685,981 | €2,191,638 | +€505,657 | +30.0% |
| Tangible fixed assets | 22/27 | €1,685,981 | €2,191,638 | +€505,657 | +30.0% |
| Land and buildings | 22 | €854,091 | €838,801 | -€15,290 | -1.8% |
| Plant, machinery and equipment | 23 | €412,372 | €778,206 | +€365,834 | +88.7% |
| Furniture and vehicles | 24 | €419,518 | €415,316 | -€4,202 | -1.0% |
| Leasing and similar rights | 25 | - | €159,316 | +€159,316 | |
| Current assets | 29/58 | €2,886,025 | €2,185,474 | -€700,551 | -24.3% |
| Stocks and contracts in progress | 3 | €85,900 | €84,750 | -€1,150 | -1.3% |
| Stocks | 30/36 | €85,900 | €84,750 | -€1,150 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,941,776 | €1,423,463 | -€518,313 | -26.7% |
| Trade receivables | 40 | €1,723,683 | €1,168,463 | -€555,220 | -32.2% |
| Other amounts receivable | 41 | €218,093 | €255,000 | +€36,907 | +16.9% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €858,349 | €474,701 | -€383,648 | -44.7% |
| Deferred charges and accrued income | 490/1 | - | €2,560 | +€2,560 | |
| Total equity and liabilities | 10/49 | €4,572,006 | €4,377,112 | -€194,894 | -4.3% |
| Equity | 10/15 | €2,039,895 | €1,936,174 | -€103,721 | -5.1% |
| Contributions | 10/11 | €243,000 | €243,000 | = | 0.0% |
| Capital | 10 | €243,000 | €243,000 | = | 0.0% |
| Issued capital | 100 | €243,000 | €243,000 | = | 0.0% |
| Reserves | 13 | €1,796,895 | €1,693,174 | -€103,721 | -5.8% |
| Non-distributable reserves | 130/1 | €24,300 | €24,300 | = | 0.0% |
| Legal reserve | 130 | €24,300 | €24,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,252 | €16,702 | -€8,550 | -33.9% |
| Distributable reserves | 133 | €1,747,344 | €1,652,172 | -€95,171 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €83,417 | €67,567 | -€15,850 | -19.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €62,000 | -€13,000 | -17.3% |
| Other liabilities and charges | 164/5 | €75,000 | €62,000 | -€13,000 | -17.3% |
| Deferred taxes | 168 | €8,417 | €5,567 | -€2,850 | -33.9% |
| Amounts payable | 17/49 | €2,448,693 | €2,373,371 | -€75,322 | -3.1% |
| Amounts payable after more than one year | 17 | €226,188 | €223,040 | -€3,148 | -1.4% |
| Financial debts | 170/4 | €226,188 | €223,040 | -€3,148 | -1.4% |
| Amounts payable within one year | 42/48 | €2,222,505 | €2,150,331 | -€72,174 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €125,317 | €163,675 | +€38,358 | +30.6% |
| Financial debts | 43 | - | €29,320 | +€29,320 | |
| Credit institutions | 430/8 | - | €29,320 | +€29,320 | |
| Trade debts | 44 | €579,532 | €733,321 | +€153,789 | +26.5% |
| Suppliers | 440/4 | €579,532 | €733,321 | +€153,789 | +26.5% |
| Advances received on contracts in progress | 46 | €532,918 | €440,910 | -€92,008 | -17.3% |
| Taxes, remuneration and social security | 45 | €182,328 | €224,333 | +€42,005 | +23.0% |
| Taxes | 450/3 | €92,097 | €122,169 | +€30,072 | +32.7% |
| Remuneration and social security | 454/9 | €90,231 | €102,164 | +€11,933 | +13.2% |
| Other amounts payable | 47/48 | €802,410 | €558,772 | -€243,638 | -30.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,122,995 | €2,261,607 | +€138,611 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346,834 | €399,250 | +€52,416 | +15.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€126,220 | -€13,000 | +€113,220 | +89.7% |
| Other operating charges | 640/8 | €49,495 | €43,824 | -€5,670 | -11.5% |
| Gross operating margin | 9900 | €2,729,098 | €3,198,036 | +€468,938 | +17.2% |
| Operating profit (loss) | 9901 | €335,993 | €506,355 | +€170,362 | +50.7% |
| Financial income | 75/76B | €16,352 | €23,322 | +€6,970 | +42.6% |
| Recurring financial income | 75 | €16,352 | €23,322 | +€6,970 | +42.6% |
| Financial charges | 65/66B | €43,655 | €40,620 | -€3,034 | -7.0% |
| Recurring financial charges | 65 | €43,655 | €40,620 | -€3,034 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €308,691 | €489,056 | +€180,366 | +58.4% |
| Transfer from deferred taxes | 780 | €2,850 | €2,850 | = | 0.0% |
| Income taxes | 67/77 | €91,347 | €95,627 | +€4,281 | +4.7% |
| Profit (loss) for the period | 9904 | €220,194 | €396,279 | +€176,085 | +80.0% |
| Transfer from tax-exempt reserves | 789 | €8,550 | €8,550 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €228,744 | €404,829 | +€176,085 | +77.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.