DESOTEX: 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.
DESOTEX
Largest movements
- Receivables within one year +€65,248
up €65,248 (+7.7%), from €846,304 to €911,552
of which Other amounts receivable: +€65,248
- Cash -€28,395
down €28,395 (-32.7%), from €86,805 to €58,410
mainly Contributions, distributions and other (-€500,000) and Receivables within one year (-€65,248)
- Profit (loss) carried forward -€593,349
down €593,349 (-100.0%), from €593,349 to €0
- Other debts +€500,000
new in 2025: €500,000
- Reserves +€151,122
up €151,122 (+17.9%), from €845,297 to €996,419
of which Distributable reserves: +€153,762
- Gross operating margin -€25,157
down €25,157 (-24.0%), from €104,990 to €79,833
- Taxes -€10,904
down €10,904 (-35.1%), from €31,059 to €20,155
- Financial income +€1,844
up €1,844 (+12.2%), from €15,174 to €17,018
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 | €1,587,863 | €1,624,118 | +€36,255 | +2.3% |
| Fixed assets | 21/28 | €639,579 | €633,985 | -€5,594 | -0.9% |
| Tangible fixed assets | 22/27 | €639,579 | €633,985 | -€5,594 | -0.9% |
| Land and buildings | 22 | €639,579 | €633,985 | -€5,594 | -0.9% |
| Current assets | 29/58 | €948,284 | €990,133 | +€41,849 | +4.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €846,304 | €911,552 | +€65,248 | +7.7% |
| Trade receivables | 40 | €31,763 | €31,763 | = | 0.0% |
| Other amounts receivable | 41 | €814,542 | €879,790 | +€65,248 | +8.0% |
| Cash at bank and in hand | 54/58 | €86,805 | €58,410 | -€28,395 | -32.7% |
| Deferred charges and accrued income | 490/1 | €15,174 | €20,170 | +€4,996 | +32.9% |
| Total equity and liabilities | 10/49 | €1,587,863 | €1,624,118 | +€36,255 | +2.3% |
| Equity | 10/15 | €1,457,246 | €1,015,019 | -€442,227 | -30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €845,297 | €996,419 | +€151,122 | +17.9% |
| Tax-exempt reserves | 132 | €58,570 | €55,930 | -€2,640 | -4.5% |
| Distributable reserves | 133 | €786,727 | €940,489 | +€153,762 | +19.5% |
| Profit (loss) carried forward | 14 | €593,349 | €0 | -€593,349 | -100.0% |
| Provisions and deferred taxes | 16 | €14,414 | €13,534 | -€880 | -6.1% |
| Deferred taxes | 168 | €14,414 | €13,534 | -€880 | -6.1% |
| Amounts payable | 17/49 | €116,203 | €595,565 | +€479,362 | +412.5% |
| Amounts payable after more than one year | 17 | €77,577 | €63,571 | -€14,007 | -18.1% |
| Financial debts | 170/4 | €77,577 | €63,571 | -€14,007 | -18.1% |
| Amounts payable within one year | 42/48 | €38,626 | €531,148 | +€492,522 | +1275.1% |
| Current portion of amounts payable after more than one year | 42 | €13,867 | €14,007 | +€140 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,966 | €7,241 | +€3,275 | +82.6% |
| Suppliers | 440/4 | €3,966 | €7,241 | +€3,275 | +82.6% |
| Taxes, remuneration and social security | 45 | €20,793 | €9,900 | -€10,893 | -52.4% |
| Taxes | 450/3 | €20,793 | €9,900 | -€10,893 | -52.4% |
| Other amounts payable | 47/48 | - | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | - | €846 | +€846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,594 | €5,594 | = | 0.0% |
| Other operating charges | 640/8 | €12,275 | €12,232 | -€43 | -0.4% |
| Gross operating margin | 9900 | €104,990 | €79,833 | -€25,157 | -24.0% |
| Operating profit (loss) | 9901 | €87,121 | €62,007 | -€25,114 | -28.8% |
| Financial income | 75/76B | €15,174 | €17,018 | +€1,844 | +12.2% |
| Recurring financial income | 75 | €15,174 | €17,018 | +€1,844 | +12.2% |
| Financial charges | 65/66B | €2,225 | €1,977 | -€248 | -11.1% |
| Recurring financial charges | 65 | €2,225 | €1,977 | -€248 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €100,071 | €77,048 | -€23,023 | -23.0% |
| Transfer from deferred taxes | 780 | €4,424 | €880 | -€3,544 | -80.1% |
| Income taxes | 67/77 | €31,059 | €20,155 | -€10,904 | -35.1% |
| Profit (loss) for the period | 9904 | €73,436 | €57,773 | -€15,663 | -21.3% |
| Transfer from tax-exempt reserves | 789 | €13,273 | €2,640 | -€10,633 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,710 | €60,413 | -€26,297 | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.