DESPIL: 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.
DESPIL
Largest movements
- Current investments +€5,598
up €5,598 (+9.5%), from €58,998 to €64,596
- Tangible fixed assets -€4,571
down €4,571 (-2.7%), from €168,893 to €164,322
of which Land and buildings: -€3,923
- Profit (loss) carried forward +€10,465
up €10,465 (+36.6%), from -€28,626 to -€18,162
- Accrued charges and deferred income -€7,188
down €7,188 (-88.3%), from €8,137 to €949
- Financial income +€11,924
up €11,924 (+612.5%), from €1,947 to €13,871
of which Non-recurring financial income: +€13,305
- Other operating charges -€420
down €420 (-19.5%), from €2,161 to €1,741
- Financial charges +€220
up €220 (+86.9%), from €253 to €473
of which Non-recurring financial charges: +€139
- Depreciation -€60
down €60 (-1.0%), from €6,229 to €6,170
- Gross operating margin -€54
down €54 (-1.8%), from €2,952 to €2,898
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 | €237,004 | €236,266 | -€738 | -0.3% |
| Fixed assets | 21/28 | €168,893 | €164,322 | -€4,571 | -2.7% |
| Tangible fixed assets | 22/27 | €168,893 | €164,322 | -€4,571 | -2.7% |
| Land and buildings | 22 | €166,543 | €162,620 | -€3,923 | -2.4% |
| Plant, machinery and equipment | 23 | €182 | €153 | -€29 | -16.0% |
| Furniture and vehicles | 24 | €1,764 | €1,493 | -€270 | -15.3% |
| Other tangible fixed assets | 26 | €405 | €57 | -€348 | -86.0% |
| Current assets | 29/58 | €68,111 | €71,944 | +€3,833 | +5.6% |
| Stocks and contracts in progress | 3 | €340 | €566 | +€225 | +66.2% |
| Stocks | 30/36 | €340 | €566 | +€225 | +66.2% |
| Amounts receivable within one year | 40/41 | €1,496 | €1,029 | -€467 | -31.2% |
| Trade receivables | 40 | €652 | €556 | -€95 | -14.6% |
| Other amounts receivable | 41 | €845 | €473 | -€372 | -44.0% |
| Current investments | 50/53 | €58,998 | €64,596 | +€5,598 | +9.5% |
| Cash at bank and in hand | 54/58 | €6,513 | €5,488 | -€1,024 | -15.7% |
| Deferred charges and accrued income | 490/1 | €764 | €265 | -€500 | -65.4% |
| Total equity and liabilities | 10/49 | €237,004 | €236,266 | -€738 | -0.3% |
| Equity | 10/15 | €225,297 | €233,683 | +€8,386 | +3.7% |
| Contributions | 10/11 | €185,920 | €185,920 | -€0 | 0.0% |
| Reserves | 13 | €68,003 | €65,924 | -€2,079 | -3.1% |
| Non-distributable reserves | 130/1 | €1,362 | €1,362 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,362 | €1,362 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,641 | €64,563 | -€2,079 | -3.1% |
| Profit (loss) carried forward | 14 | -€28,626 | -€18,162 | +€10,465 | +36.6% |
| Amounts payable | 17/49 | €11,707 | €2,583 | -€9,124 | -77.9% |
| Amounts payable within one year | 42/48 | €3,570 | €1,634 | -€1,936 | -54.2% |
| Trade debts | 44 | €292 | €121 | -€171 | -58.6% |
| Suppliers | 440/4 | €292 | €121 | -€171 | -58.6% |
| Other amounts payable | 47/48 | €3,279 | €1,514 | -€1,765 | -53.8% |
| Accrued charges and deferred income | 492/3 | €8,137 | €949 | -€7,188 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,229 | €6,170 | -€60 | -1.0% |
| Other operating charges | 640/8 | €2,161 | €1,741 | -€420 | -19.5% |
| Non-recurring operating charges | 66A | €16,985 | - | -€16,985 | |
| Gross operating margin | 9900 | €2,952 | €2,898 | -€54 | -1.8% |
| Operating profit (loss) | 9901 | -€22,423 | -€5,012 | +€17,411 | +77.6% |
| Financial income | 75/76B | €1,947 | €13,871 | +€11,924 | +612.5% |
| Recurring financial income | 75 | €1,947 | €565 | -€1,382 | -71.0% |
| Non-recurring financial income | 76B | - | €13,305 | +€13,305 | |
| Financial charges | 65/66B | €253 | €473 | +€220 | +86.9% |
| Recurring financial charges | 65 | €253 | €334 | +€81 | +31.9% |
| Non-recurring financial charges | 66B | - | €139 | +€139 | |
| Profit (loss) for the period before taxes | 9903 | -€20,729 | €8,386 | +€29,115 | |
| Profit (loss) for the period | 9904 | -€20,729 | €8,386 | +€29,115 | |
| Transfer from tax-exempt reserves | 789 | €2,079 | €2,079 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,650 | €10,465 | +€29,115 |
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 8 October 2026 via checked.be.