DESPO: 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.
DESPO
Largest movements
- Receivables within one year +€51,323
up €51,323 (+5.3%), from €976,492 to €1.0m
of which Other amounts receivable: +€39,495
- Reserves +€128,277
up €128,277 (+6.6%), from €1.9m to €2.1m
of which Distributable reserves: +€128,277
- Debts after one year -€70,083
down €70,083 (-18.8%), from €372,045 to €301,962
- Gross operating margin -€286,453
down €286,453 (-62.0%), from €462,001 to €175,548
- Financial income +€135,843
up €135,843, from €0 to €135,843
- Taxes -€77,241
down €77,241 (-82.5%), from €93,599 to €16,358
- Staff costs +€11,889
up €11,889 (+14.1%), from €84,127 to €96,016
- Financial charges -€4,726
down €4,726 (-6.5%), from €72,845 to €68,119
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 | €3,583,057 | €3,648,585 | +€65,528 | +1.8% |
| Fixed assets | 21/28 | €2,595,936 | €2,598,324 | +€2,388 | +0.1% |
| Tangible fixed assets | 22/27 | €0 | €2,388 | +€2,388 | |
| Plant, machinery and equipment | 23 | - | €2,388 | +€2,388 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,595,936 | €2,595,936 | = | 0.0% |
| Current assets | 29/58 | €987,121 | €1,050,261 | +€63,140 | +6.4% |
| Amounts receivable within one year | 40/41 | €976,492 | €1,027,815 | +€51,323 | +5.3% |
| Trade receivables | 40 | €13,775 | €25,603 | +€11,828 | +85.9% |
| Other amounts receivable | 41 | €962,716 | €1,002,212 | +€39,495 | +4.1% |
| Cash at bank and in hand | 54/58 | €8,757 | €18,401 | +€9,644 | +110.1% |
| Deferred charges and accrued income | 490/1 | €1,872 | €4,045 | +€2,173 | +116.1% |
| Total equity and liabilities | 10/49 | €3,583,057 | €3,648,585 | +€65,528 | +1.8% |
| Equity | 10/15 | €1,970,903 | €2,099,180 | +€128,277 | +6.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,940,903 | €2,069,180 | +€128,277 | +6.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,940,903 | €2,069,180 | +€128,277 | +6.6% |
| Amounts payable | 17/49 | €1,612,154 | €1,549,404 | -€62,750 | -3.9% |
| Amounts payable after more than one year | 17 | €372,045 | €301,962 | -€70,083 | -18.8% |
| Financial debts | 170/4 | €372,045 | €301,962 | -€70,083 | -18.8% |
| Amounts payable within one year | 42/48 | €1,240,109 | €1,247,215 | +€7,106 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €69,720 | €70,083 | +€364 | +0.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,122 | €2,425 | +€303 | +14.3% |
| Suppliers | 440/4 | €2,122 | €2,425 | +€303 | +14.3% |
| Taxes, remuneration and social security | 45 | €22,274 | €23,570 | +€1,296 | +5.8% |
| Taxes | 450/3 | €11,211 | €12,174 | +€963 | +8.6% |
| Remuneration and social security | 454/9 | €11,063 | €11,396 | +€333 | +3.0% |
| Other amounts payable | 47/48 | €1,145,992 | €1,151,136 | +€5,144 | +0.4% |
| Accrued charges and deferred income | 492/3 | €0 | €228 | +€228 | |
| Remuneration, social security and pensions | 62 | €84,127 | €96,016 | +€11,889 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €419 | -€471 | -52.9% |
| Other operating charges | 640/8 | €2,174 | €2,202 | +€28 | +1.3% |
| Gross operating margin | 9900 | €462,001 | €175,548 | -€286,453 | -62.0% |
| Operating profit (loss) | 9901 | €374,810 | €76,911 | -€297,899 | -79.5% |
| Financial income | 75/76B | €0 | €135,843 | +€135,843 | |
| Recurring financial income | 75 | €0 | €135,843 | +€135,843 | |
| Financial charges | 65/66B | €72,845 | €68,119 | -€4,726 | -6.5% |
| Recurring financial charges | 65 | €72,845 | €68,119 | -€4,726 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €301,965 | €144,635 | -€157,330 | -52.1% |
| Income taxes | 67/77 | €93,599 | €16,358 | -€77,241 | -82.5% |
| Profit (loss) for the period | 9904 | €208,367 | €128,277 | -€80,089 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €208,367 | €128,277 | -€80,089 | -38.4% |
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 12 October 2026 via checked.be.