DESPHART: 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.
DESPHART
Largest movements
- Receivables within one year -€63,830
down €63,830 (-72.8%), from €87,671 to €23,841
of which Trade receivables: -€51,352
- Tangible fixed assets -€10,518
down €10,518 (-24.0%), from €43,769 to €33,251
of which Furniture and vehicles: -€9,981
- Current investments +€4,990
up €4,990 (+55.1%), from €9,056 to €14,046
- Cash -€1,599
down €1,599 (-79.1%), from €2,021 to €422
mainly Trade debts (-€75,247) and Contributions, distributions and other (-€35,294)
- Trade debts -€75,247
down €75,247 (-94.5%), from €79,635 to €4,388
- Other debts +€4,560
up €4,560 (+33.6%), from €13,571 to €18,131
- Tax, wage and social debts +€4,420
new in 2025: €4,420
- Profit (loss) carried forward -€3,973
down €3,973 (-8.4%), from €47,216 to €43,243
- Gross operating margin +€13,303
up €13,303 (+30.2%), from €44,052 to €57,355
- Taxes +€2,583
up €2,583 (+34.6%), from €7,472 to €10,055
- Depreciation +€1,615
up €1,615 (+13.2%), from €12,208 to €13,823
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 | €148,483 | €78,242 | -€70,241 | -47.3% |
| Fixed assets | 21/28 | €43,769 | €33,251 | -€10,518 | -24.0% |
| Tangible fixed assets | 22/27 | €43,769 | €33,251 | -€10,518 | -24.0% |
| Plant, machinery and equipment | 23 | €1,284 | €747 | -€537 | -41.8% |
| Furniture and vehicles | 24 | €42,486 | €32,504 | -€9,981 | -23.5% |
| Current assets | 29/58 | €104,714 | €44,991 | -€59,722 | -57.0% |
| Amounts receivable within one year | 40/41 | €87,671 | €23,841 | -€63,830 | -72.8% |
| Trade receivables | 40 | €70,248 | €18,896 | -€51,352 | -73.1% |
| Other amounts receivable | 41 | €17,424 | €4,945 | -€12,479 | -71.6% |
| Current investments | 50/53 | €9,056 | €14,046 | +€4,990 | +55.1% |
| Cash at bank and in hand | 54/58 | €2,021 | €422 | -€1,599 | -79.1% |
| Deferred charges and accrued income | 490/1 | €5,964 | €6,681 | +€717 | +12.0% |
| Total equity and liabilities | 10/49 | €148,483 | €78,242 | -€70,241 | -47.3% |
| Equity | 10/15 | €55,276 | €51,303 | -€3,973 | -7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,216 | €43,243 | -€3,973 | -8.4% |
| Amounts payable | 17/49 | €93,206 | €26,939 | -€66,268 | -71.1% |
| Amounts payable within one year | 42/48 | €93,206 | €26,939 | -€66,268 | -71.1% |
| Trade debts | 44 | €79,635 | €4,388 | -€75,247 | -94.5% |
| Suppliers | 440/4 | €79,635 | €4,388 | -€75,247 | -94.5% |
| Taxes, remuneration and social security | 45 | - | €4,420 | +€4,420 | |
| Taxes | 450/3 | - | €4,420 | +€4,420 | |
| Other amounts payable | 47/48 | €13,571 | €18,131 | +€4,560 | +33.6% |
| Non-recurring operating income | 76A | - | €2,428 | +€2,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,208 | €13,823 | +€1,615 | +13.2% |
| Other operating charges | 640/8 | €2,122 | €2,171 | +€49 | +2.3% |
| Gross operating margin | 9900 | €44,052 | €57,355 | +€13,303 | +30.2% |
| Operating profit (loss) | 9901 | €29,723 | €41,361 | +€11,638 | +39.2% |
| Financial income | 75/76B | €524 | €102 | -€422 | -80.5% |
| Recurring financial income | 75 | €524 | €102 | -€422 | -80.5% |
| Financial charges | 65/66B | €91 | €88 | -€4 | -4.1% |
| Recurring financial charges | 65 | €91 | €88 | -€4 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €30,156 | €41,376 | +€11,220 | +37.2% |
| Income taxes | 67/77 | €7,472 | €10,055 | +€2,583 | +34.6% |
| Profit (loss) for the period | 9904 | €22,684 | €31,321 | +€8,637 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,684 | €31,321 | +€8,637 | +38.1% |
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 20 October 2026 via checked.be.