Desro: 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.
Desro
Largest movements
- Receivables within one year +€42,830
up €42,830 (+247%), from €17,305 to €60,135
- Deferred charges and accrued income -€21,706
no longer reported in 2025 (was €21,706)
- Tangible fixed assets -€13,300
down €13,300 (-11.0%), from €120,395 to €107,095
of which Land and buildings: -€7,650
- Cash +€3,770
up €3,770 (+2.2%), from €172,736 to €176,506
mainly Deferred charges and accrued income (+€21,706) and Depreciation (+€14,759)
- Other debts +€14,731
up €14,731 (+21.3%), from €69,028 to €83,759
- Debts after one year -€11,476
down €11,476 (-10.5%), from €109,140 to €97,664
- Taxes -€7,645
down €7,645 (-49.9%), from €15,327 to €7,682
- Depreciation +€1,691
up €1,691 (+12.9%), from €13,068 to €14,759
- Financial charges +€566
up €566 (+22.1%), from €2,566 to €3,133
- Gross operating margin +€505
up €505 (+1.8%), from €28,555 to €29,060
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 | €332,142 | €343,736 | +€11,594 | +3.5% |
| Fixed assets | 21/28 | €120,395 | €107,095 | -€13,300 | -11.0% |
| Tangible fixed assets | 22/27 | €120,395 | €107,095 | -€13,300 | -11.0% |
| Land and buildings | 22 | €101,535 | €93,885 | -€7,650 | -7.5% |
| Plant, machinery and equipment | 23 | €2,814 | €3,584 | +€770 | +27.4% |
| Furniture and vehicles | 24 | €16,047 | €9,627 | -€6,421 | -40.0% |
| Current assets | 29/58 | €211,747 | €236,641 | +€24,894 | +11.8% |
| Amounts receivable within one year | 40/41 | €17,305 | €60,135 | +€42,830 | +247% |
| Trade receivables | 40 | €17,305 | €60,135 | +€42,830 | +247% |
| Cash at bank and in hand | 54/58 | €172,736 | €176,506 | +€3,770 | +2.2% |
| Deferred charges and accrued income | 490/1 | €21,706 | - | -€21,706 | |
| Total equity and liabilities | 10/49 | €332,142 | €343,736 | +€11,594 | +3.5% |
| Equity | 10/15 | €122,907 | €124,729 | +€1,822 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €111,860 | €113,682 | +€1,822 | +1.6% |
| Distributable reserves | 133 | €111,860 | €113,682 | +€1,822 | +1.6% |
| Profit (loss) carried forward | 14 | €4,847 | €4,847 | = | 0.0% |
| Amounts payable | 17/49 | €209,236 | €219,008 | +€9,772 | +4.7% |
| Amounts payable after more than one year | 17 | €109,140 | €97,664 | -€11,476 | -10.5% |
| Financial debts | 170/4 | €109,140 | €97,664 | -€11,476 | -10.5% |
| Amounts payable within one year | 42/48 | €100,096 | €121,343 | +€21,248 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €14,181 | €11,835 | -€2,346 | -16.5% |
| Financial debts | 43 | - | €2,523 | +€2,523 | |
| Credit institutions | 430/8 | - | €2,523 | +€2,523 | |
| Trade debts | 44 | €16,723 | €20,109 | +€3,386 | +20.2% |
| Suppliers | 440/4 | €16,723 | €20,109 | +€3,386 | +20.2% |
| Taxes, remuneration and social security | 45 | €164 | €3,117 | +€2,953 | +1,797% |
| Taxes | 450/3 | €164 | €3,117 | +€2,953 | +1,797% |
| Other amounts payable | 47/48 | €69,028 | €83,759 | +€14,731 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,068 | €14,759 | +€1,691 | +12.9% |
| Other operating charges | 640/8 | €1,445 | €1,664 | +€219 | +15.1% |
| Gross operating margin | 9900 | €28,555 | €29,060 | +€505 | +1.8% |
| Operating profit (loss) | 9901 | €14,041 | €12,636 | -€1,405 | -10.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,566 | €3,133 | +€566 | +22.1% |
| Recurring financial charges | 65 | €2,566 | €3,133 | +€566 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €11,475 | €9,504 | -€1,971 | -17.2% |
| Income taxes | 67/77 | €15,327 | €7,682 | -€7,645 | -49.9% |
| Profit (loss) for the period | 9904 | -€3,852 | €1,822 | +€5,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,852 | €1,822 | +€5,674 |
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 29 October 2026 via checked.be.