Desrem - Invest: 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.
Desrem - Invest
Largest movements
- Tangible fixed assets -€418,468
down €418,468 (-12.4%), from €3.4m to €3.0m
of which Land and buildings: -€400,800
- Cash +€106,360
up €106,360 (+77.1%), from €137,876 to €244,235
mainly Net result for the year (+€788,973) and Investment in fixed assets (net) (+€292,606)
- Other debts -€1.1m
down €1.1m (-43.7%), from €2.5m to €1.4m
- Reserves +€788,973
up €788,973 (+254%), from €310,897 to €1.1m
of which Distributable reserves: +€788,973
- Gross operating margin +€1.1m
up €1.1m (+584%), from €183,790 to €1.3m
- Taxes +€265,617
up €265,617 (+50,388%), from €527 to €266,145
- Staff costs +€26,836
up €26,836 (+119%), from €22,539 to €49,375
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 | €3,506,911 | €3,194,803 | -€312,108 | -8.9% |
| Fixed assets | 21/28 | €3,369,035 | €2,950,567 | -€418,468 | -12.4% |
| Tangible fixed assets | 22/27 | €3,369,035 | €2,950,567 | -€418,468 | -12.4% |
| Land and buildings | 22 | €3,223,755 | €2,822,954 | -€400,800 | -12.4% |
| Plant, machinery and equipment | 23 | €127,840 | €110,704 | -€17,136 | -13.4% |
| Furniture and vehicles | 24 | €17,441 | €16,909 | -€532 | -3.1% |
| Current assets | 29/58 | €137,876 | €244,235 | +€106,360 | +77.1% |
| Cash at bank and in hand | 54/58 | €137,876 | €244,235 | +€106,360 | +77.1% |
| Total equity and liabilities | 10/49 | €3,506,911 | €3,194,803 | -€312,108 | -8.9% |
| Equity | 10/15 | €981,449 | €1,770,422 | +€788,973 | +80.4% |
| Contributions | 10/11 | €670,552 | €670,552 | = | 0.0% |
| Reserves | 13 | €310,897 | €1,099,870 | +€788,973 | +254% |
| Non-distributable reserves | 130/1 | €11,776 | €11,776 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,776 | €11,776 | = | 0.0% |
| Distributable reserves | 133 | €299,121 | €1,088,093 | +€788,973 | +264% |
| Amounts payable | 17/49 | €2,525,462 | €1,424,381 | -€1.1m | -43.6% |
| Amounts payable within one year | 42/48 | €2,525,462 | €1,424,260 | -€1.1m | -43.6% |
| Trade debts | 44 | €472 | - | -€472 | |
| Suppliers | 440/4 | €472 | - | -€472 | |
| Taxes, remuneration and social security | 45 | €1,167 | €4,085 | +€2,918 | +250% |
| Taxes | 450/3 | €572 | €3,385 | +€2,813 | +492% |
| Remuneration and social security | 454/9 | €595 | €700 | +€105 | +17.6% |
| Other amounts payable | 47/48 | €2,523,822 | €1,420,175 | -€1.1m | -43.7% |
| Accrued charges and deferred income | 492/3 | - | €121 | +€121 | |
| Remuneration, social security and pensions | 62 | €22,539 | €49,375 | +€26,836 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,670 | €125,862 | -€11,808 | -8.6% |
| Other operating charges | 640/8 | €23,631 | €30,528 | +€6,897 | +29.2% |
| Gross operating margin | 9900 | €183,790 | €1,257,007 | +€1.1m | +584% |
| Operating profit (loss) | 9901 | -€50 | €1,051,242 | +€1.1m | |
| Financial income | 75/76B | €1,786 | €4,293 | +€2,507 | +140% |
| Recurring financial income | 75 | €1,786 | €4,293 | +€2,507 | +140% |
| Financial charges | 65/66B | €477 | €417 | -€60 | -12.6% |
| Recurring financial charges | 65 | €477 | €417 | -€60 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €1,258 | €1,055,117 | +€1.1m | +83,753% |
| Income taxes | 67/77 | €527 | €266,145 | +€265,617 | +50,388% |
| Profit (loss) for the period | 9904 | €731 | €788,973 | +€788,242 | +107,808% |
| Profit (loss) for the period to be appropriated | 9905 | €731 | €788,973 | +€788,242 | +107,808% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.