DESSART: 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.
DESSART
Largest movements
- Tangible fixed assets -€101,810
down €101,810 (-7.1%), from €1.4m to €1.3m
of which Land and buildings: -€66,958
- Cash +€71,743
up €71,743 (+17.5%), from €410,726 to €482,469
mainly Debts after one year (+€286,133) and Current portion of long-term debt (+€184,980)
- Receivables within one year +€49,969
up €49,969 (+7.0%), from €714,332 to €764,302
of which Trade receivables: +€84,434
- Profit (loss) carried forward -€502,197
down €502,197, from €26,828 to -€475,370
- Debts after one year +€286,133
up €286,133 (+28.7%), from €996,311 to €1.3m
of which Financial debts: +€286,133
- Current portion of long-term debt +€184,980
up €184,980 (+227%), from €81,667 to €266,646
- Trade debts +€170,878
up €170,878 (+110%), from €154,813 to €325,691
- Other debts -€99,000
down €99,000 (-99.9%), from €99,101 to €101
- Staff costs +€398,745
up €398,745 (+36.1%), from €1.1m to €1.5m
- Gross operating margin -€156,034
down €156,034 (-11.8%), from €1.3m to €1.2m
- Financial income -€59,855
down €59,855 (-49.1%), from €121,844 to €61,989
of which Financial income: -€59,431
- Taxes -€40,500
down €40,500 (-95.3%), from €42,510 to €2,010
- Financial charges -€25,749
down €25,749 (-24.0%), from €107,450 to €81,702
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 | €4,768,262 | €4,803,609 | +€35,347 | +0.7% |
| Fixed assets | 21/28 | €1,453,829 | €1,394,492 | -€59,336 | -4.1% |
| Intangible fixed assets | 21 | - | €42,474 | +€42,474 | |
| Tangible fixed assets | 22/27 | €1,443,856 | €1,342,046 | -€101,810 | -7.1% |
| Land and buildings | 22 | €1,349,771 | €1,282,813 | -€66,958 | -5.0% |
| Plant, machinery and equipment | 23 | €35,726 | €22,548 | -€13,178 | -36.9% |
| Furniture and vehicles | 24 | €58,359 | €36,685 | -€21,674 | -37.1% |
| Financial fixed assets | 28 | €9,973 | €9,973 | = | 0.0% |
| Current assets | 29/58 | €3,314,433 | €3,409,117 | +€94,684 | +2.9% |
| Stocks and contracts in progress | 3 | €2,182,686 | €2,152,371 | -€30,315 | -1.4% |
| Stocks | 30/36 | €2,182,686 | €2,152,371 | -€30,315 | -1.4% |
| Amounts receivable within one year | 40/41 | €714,332 | €764,302 | +€49,969 | +7.0% |
| Trade receivables | 40 | €621,443 | €705,877 | +€84,434 | +13.6% |
| Other amounts receivable | 41 | €92,889 | €58,424 | -€34,465 | -37.1% |
| Cash at bank and in hand | 54/58 | €410,726 | €482,469 | +€71,743 | +17.5% |
| Deferred charges and accrued income | 490/1 | €6,688 | €9,975 | +€3,287 | +49.1% |
| Total equity and liabilities | 10/49 | €4,768,262 | €4,803,609 | +€35,347 | +0.7% |
| Equity | 10/15 | €2,747,182 | €2,244,985 | -€502,197 | -18.3% |
| Contributions | 10/11 | €1,770,000 | €1,770,000 | = | 0.0% |
| Capital | 10 | €1,770,000 | €1,770,000 | = | 0.0% |
| Issued capital | 100 | €1,770,000 | €1,770,000 | = | 0.0% |
| Reserves | 13 | €950,355 | €950,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €116,324 | €116,324 | = | 0.0% |
| Legal reserve | 130 | €116,324 | €116,324 | = | 0.0% |
| Distributable reserves | 133 | €834,031 | €834,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,828 | -€475,370 | -€502,197 | |
| Amounts payable | 17/49 | €2,021,080 | €2,558,624 | +€537,545 | +26.6% |
| Amounts payable after more than one year | 17 | €996,311 | €1,282,444 | +€286,133 | +28.7% |
| Financial debts | 170/4 | €993,611 | €1,279,744 | +€286,133 | +28.8% |
| Other amounts payable | 178/9 | €2,700 | €2,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,004,405 | €1,275,210 | +€270,805 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €81,667 | €266,646 | +€184,980 | +227% |
| Financial debts | 43 | €445,000 | €487,000 | +€42,000 | +9.4% |
| Credit institutions | 430/8 | €445,000 | €487,000 | +€42,000 | +9.4% |
| Trade debts | 44 | €154,813 | €325,691 | +€170,878 | +110% |
| Suppliers | 440/4 | €154,813 | €325,691 | +€170,878 | +110% |
| Taxes, remuneration and social security | 45 | €223,825 | €195,772 | -€28,053 | -12.5% |
| Taxes | 450/3 | €85,189 | €76,941 | -€8,248 | -9.7% |
| Remuneration and social security | 454/9 | €138,635 | €118,831 | -€19,805 | -14.3% |
| Other amounts payable | 47/48 | €99,101 | €101 | -€99,000 | -99.9% |
| Accrued charges and deferred income | 492/3 | €20,363 | €970 | -€19,393 | -95.2% |
| Non-recurring operating income | 76A | - | €1,030 | +€1,030 | |
| Remuneration, social security and pensions | 62 | €1,104,836 | €1,503,581 | +€398,745 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,408 | €108,902 | +€14,494 | +15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,214 | €4,616 | +€3,402 | +280% |
| Other operating charges | 640/8 | €37,729 | €31,807 | -€5,923 | -15.7% |
| Non-recurring operating charges | 66A | €8,183 | €0 | -€8,183 | -100% |
| Gross operating margin | 9900 | €1,324,464 | €1,168,431 | -€156,034 | -11.8% |
| Operating profit (loss) | 9901 | €78,094 | -€480,475 | -€558,569 | |
| Financial income | 75/76B | €121,844 | €61,989 | -€59,855 | -49.1% |
| Recurring financial income | 75 | €120,837 | €61,406 | -€59,431 | -49.2% |
| Non-recurring financial income | 76B | €1,007 | €583 | -€424 | -42.1% |
| Financial charges | 65/66B | €107,450 | €81,702 | -€25,749 | -24.0% |
| Recurring financial charges | 65 | €107,450 | €81,702 | -€25,749 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €92,488 | -€500,187 | -€592,675 | |
| Income taxes | 67/77 | €42,510 | €2,010 | -€40,500 | -95.3% |
| Profit (loss) for the period | 9904 | €49,977 | -€502,197 | -€552,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,977 | -€502,197 | -€552,175 |
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 13 October 2026 via checked.be.