DESQUIN: 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.
DESQUIN
Largest movements
- Receivables within one year +€353,305
up €353,305 (+793.1%), from €44,550 to €397,855
of which Other amounts receivable: +€369,658
- Tangible fixed assets +€222,975
up €222,975 (+67.7%), from €329,545 to €552,520
of which Other tangible fixed assets: +€255,137
- Current investments -€199,578
down €199,578 (-97.0%), from €205,701 to €6,123
- Deferred charges and accrued income +€24,185
up €24,185 (+132.9%), from €18,197 to €42,382
- Debts after one year +€200,747
new in 2025: €200,747
- Reserves +€155,508
up €155,508 (+21.4%), from €725,890 to €881,397
of which Distributable reserves: +€156,989
- Trade debts +€65,522
up €65,522 (+355.1%), from €18,452 to €83,973
- Tax, wage and social debts -€32,497
down €32,497 (-25.9%), from €125,475 to €92,978
of which Taxes: -€32,497
- Current portion of long-term debt +€17,149
new in 2025: €17,149
- Gross operating margin +€53,722
up €53,722 (+25.6%), from €210,014 to €263,736
- Financial charges -€46,743
down €46,743 (-87.3%), from €53,547 to €6,804
of which Non-recurring financial charges: -€50,930
- Financial income -€44,615
down €44,615 (-61.5%), from €72,565 to €27,950
- Depreciation +€14,004
up €14,004 (+33.9%), from €41,274 to €55,278
- Taxes -€9,665
down €9,665 (-12.2%), from €79,174 to €69,509
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 | €1,031,046 | €1,432,106 | +€401,059 | +38.9% |
| Fixed assets | 21/28 | €344,545 | €567,520 | +€222,975 | +64.7% |
| Tangible fixed assets | 22/27 | €329,545 | €552,520 | +€222,975 | +67.7% |
| Land and buildings | 22 | €74,749 | €45,223 | -€29,526 | -39.5% |
| Plant, machinery and equipment | 23 | €14,888 | €13,270 | -€1,618 | -10.9% |
| Furniture and vehicles | 24 | €2,320 | €1,302 | -€1,018 | -43.9% |
| Other tangible fixed assets | 26 | €237,588 | €492,725 | +€255,137 | +107.4% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €686,501 | €864,586 | +€178,085 | +25.9% |
| Amounts receivable after more than one year | 29 | €418,053 | €418,053 | = | 0.0% |
| Other amounts receivable | 291 | €418,053 | €418,053 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,550 | €397,855 | +€353,305 | +793.1% |
| Trade receivables | 40 | €43,917 | €27,565 | -€16,353 | -37.2% |
| Other amounts receivable | 41 | €633 | €370,291 | +€369,658 | +58410.7% |
| Current investments | 50/53 | €205,701 | €6,123 | -€199,578 | -97.0% |
| Cash at bank and in hand | 54/58 | €0 | €173 | +€173 | |
| Deferred charges and accrued income | 490/1 | €18,197 | €42,382 | +€24,185 | +132.9% |
| Total equity and liabilities | 10/49 | €1,031,046 | €1,432,106 | +€401,059 | +38.9% |
| Equity | 10/15 | €744,490 | €899,997 | +€155,508 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €725,890 | €881,397 | +€155,508 | +21.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,643 | €4,162 | -€1,481 | -26.2% |
| Distributable reserves | 133 | €720,247 | €877,235 | +€156,989 | +21.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €79,066 | €78,572 | -€494 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €77,214 | €77,214 | = | 0.0% |
| Pensions and similar obligations | 160 | €77,214 | €77,214 | = | 0.0% |
| Deferred taxes | 168 | €1,851 | €1,358 | -€494 | -26.7% |
| Amounts payable | 17/49 | €207,491 | €453,536 | +€246,046 | +118.6% |
| Amounts payable after more than one year | 17 | - | €200,747 | +€200,747 | |
| Financial debts | 170/4 | - | €200,747 | +€200,747 | |
| Amounts payable within one year | 42/48 | €157,491 | €202,790 | +€45,299 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | - | €17,149 | +€17,149 | |
| Financial debts | 43 | €2,904 | €7,839 | +€4,935 | +169.9% |
| Credit institutions | 430/8 | €2,904 | €7,839 | +€4,935 | +169.9% |
| Trade debts | 44 | €18,452 | €83,973 | +€65,522 | +355.1% |
| Suppliers | 440/4 | €18,452 | €83,973 | +€65,522 | +355.1% |
| Taxes, remuneration and social security | 45 | €125,475 | €92,978 | -€32,497 | -25.9% |
| Taxes | 450/3 | €86,373 | €53,876 | -€32,497 | -37.6% |
| Remuneration and social security | 454/9 | €39,102 | €39,102 | = | 0.0% |
| Other amounts payable | 47/48 | €10,660 | €850 | -€9,810 | -92.0% |
| Accrued charges and deferred income | 492/3 | €50,000 | €50,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,274 | €55,278 | +€14,004 | +33.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,306 | €5,081 | +€1,775 | +53.7% |
| Gross operating margin | 9900 | €210,014 | €263,736 | +€53,722 | +25.6% |
| Operating profit (loss) | 9901 | €165,435 | €203,377 | +€37,942 | +22.9% |
| Financial income | 75/76B | €72,565 | €27,950 | -€44,615 | -61.5% |
| Recurring financial income | 75 | €72,565 | €27,950 | -€44,615 | -61.5% |
| Financial charges | 65/66B | €53,547 | €6,804 | -€46,743 | -87.3% |
| Recurring financial charges | 65 | €2,618 | €6,804 | +€4,187 | +159.9% |
| Non-recurring financial charges | 66B | €50,930 | €0 | -€50,930 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €184,452 | €224,523 | +€40,071 | +21.7% |
| Transfer from deferred taxes | 780 | €494 | €494 | = | 0.0% |
| Income taxes | 67/77 | €79,174 | €69,509 | -€9,665 | -12.2% |
| Profit (loss) for the period | 9904 | €105,772 | €155,508 | +€49,736 | +47.0% |
| Transfer from tax-exempt reserves | 789 | €1,481 | €1,481 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,253 | €156,989 | +€49,736 | +46.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.