DESSY FRERES: 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.
What changed
DESSY FRERES
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€161,186
2024 · -€74,515+€235,701
Equity
€296,030
2024 · €272,548+€23,482
Cash
€42,099
2024 · €28,410+€13,689
Balance sheet total
€2.1m
2024 · €2.3m-€173,862
Largest movements
Assets
- Tangible fixed assets -€243,094
down €243,094 (-12.4%), from €2.0m to €1.7m
of which Land and buildings: -€326,326
- Receivables within one year +€71,151
up €71,151 (+32.5%), from €218,826 to €289,977
of which Trade receivables: +€69,185
Equity and liabilities
- Short-term financial debts -€157,581
down €157,581 (-44.6%), from €352,936 to €195,355
- Profit (loss) carried forward +€111,186
up €111,186 (+162%), from €68,784 to €179,970
- Revaluation surpluses -€85,304
no longer reported in 2025 (was €85,304)
- Debts after one year -€60,283
down €60,283 (-5.2%), from €1.2m to €1.1m
- Other debts +€41,781
up €41,781 (+146%), from €28,579 to €70,360
Income statement
- Gross operating margin +€304,895
up €304,895 (+35.7%), from €853,129 to €1.2m
- Staff costs +€39,462
up €39,462 (+8.9%), from €444,437 to €483,899
- Financial charges +€12,496
up €12,496 (+13.1%), from €95,580 to €108,077
of which Non-recurring financial charges: +€9,774
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.
Result 2024
-€74,515
Gross operating margin
+€304,895
Staff costs
-€39,462
Depreciation
-€6,729
Other operating charges
-€8,080
Other operating items
+€1,418
Financial income
+€1,139
Financial charges
-€12,496
Taxes
-€4,984
Result 2025
€161,186
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€418,359
Investment
-€31,791
Financing
-€372,879
Cash 2024
€28,410
From operations (derived)
+€418,359
Net result for the year
+€161,186
Depreciation
+€274,885
Stocks and contracts
+€6,934
Receivables within one year
-€71,151
Deferred charges and accrued income
+€8,674
Trade debts
-€10,042
Tax, wage and social debts
+€7,094
Other debts
+€41,781
Accrued charges and deferred income
-€1,002
Investment (derived)
-€31,791
Investment in fixed assets (net)
-€31,791
Financing
-€372,879
Debts after one year
-€60,283
Current portion of long-term debt
-€17,311
Short-term financial debts
-€157,581
Contributions, distributions and other
-€137,704
Cash 2025
€42,099
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,287,851 | €2,113,989 | -€173,862 | -7.6% |
| Fixed assets | 21/28 | €1,962,810 | €1,719,716 | -€243,094 | -12.4% |
| Tangible fixed assets | 22/27 | €1,958,839 | €1,715,745 | -€243,094 | -12.4% |
| Land and buildings | 22 | €1,013,873 | €687,547 | -€326,326 | -32.2% |
| Plant, machinery and equipment | 23 | €37,776 | €31,212 | -€6,563 | -17.4% |
| Furniture and vehicles | 24 | €102,085 | €107,613 | +€5,528 | +5.4% |
| Leasing and similar rights | 25 | €805,105 | €889,372 | +€84,267 | +10.5% |
| Financial fixed assets | 28 | €3,971 | €3,971 | = | 0.0% |
| Current assets | 29/58 | €325,041 | €394,273 | +€69,232 | +21.3% |
| Stocks and contracts in progress | 3 | €38,178 | €31,243 | -€6,934 | -18.2% |
| Stocks | 30/36 | €38,178 | €31,243 | -€6,934 | -18.2% |
| Amounts receivable within one year | 40/41 | €218,826 | €289,977 | +€71,151 | +32.5% |
| Trade receivables | 40 | €212,326 | €281,510 | +€69,185 | +32.6% |
| Other amounts receivable | 41 | €6,501 | €8,466 | +€1,966 | +30.2% |
| Cash at bank and in hand | 54/58 | €28,410 | €42,099 | +€13,689 | +48.2% |
| Deferred charges and accrued income | 490/1 | €39,627 | €30,953 | -€8,674 | -21.9% |
| Total equity and liabilities | 10/49 | €2,287,851 | €2,113,989 | -€173,862 | -7.6% |
| Equity | 10/15 | €272,548 | €296,030 | +€23,482 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €85,304 | - | -€85,304 | |
| Reserves | 13 | €112,260 | €109,860 | -€2,400 | -2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,400 | €108,000 | -€2,400 | -2.2% |
| Profit (loss) carried forward | 14 | €68,784 | €179,970 | +€111,186 | +162% |
| Amounts payable | 17/49 | €2,015,303 | €1,817,959 | -€197,344 | -9.8% |
| Amounts payable after more than one year | 17 | €1,160,332 | €1,100,050 | -€60,283 | -5.2% |
| Financial debts | 170/4 | €1,160,332 | €1,100,050 | -€60,283 | -5.2% |
| Amounts payable within one year | 42/48 | €851,383 | €715,324 | -€136,059 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €300,266 | €282,955 | -€17,311 | -5.8% |
| Financial debts | 43 | €352,936 | €195,355 | -€157,581 | -44.6% |
| Credit institutions | 430/8 | €352,936 | €195,355 | -€157,581 | -44.6% |
| Trade debts | 44 | €78,323 | €68,281 | -€10,042 | -12.8% |
| Suppliers | 440/4 | €78,323 | €68,281 | -€10,042 | -12.8% |
| Taxes, remuneration and social security | 45 | €91,279 | €98,373 | +€7,094 | +7.8% |
| Taxes | 450/3 | €24,720 | €41,309 | +€16,589 | +67.1% |
| Remuneration and social security | 454/9 | €66,559 | €57,064 | -€9,495 | -14.3% |
| Other amounts payable | 47/48 | €28,579 | €70,360 | +€41,781 | +146% |
| Accrued charges and deferred income | 492/3 | €3,588 | €2,586 | -€1,002 | -27.9% |
| Non-recurring operating income | 76A | €11,400 | €119,800 | +€108,400 | +951% |
| Remuneration, social security and pensions | 62 | €444,437 | €483,899 | +€39,462 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,156 | €274,885 | +€6,729 | +2.5% |
| Other operating charges | 640/8 | €117,437 | €125,517 | +€8,080 | +6.9% |
| Non-recurring operating charges | 66A | €1,418 | - | -€1,418 | |
| Gross operating margin | 9900 | €853,129 | €1,158,025 | +€304,895 | +35.7% |
| Operating profit (loss) | 9901 | €21,680 | €273,723 | +€252,043 | +1,163% |
| Financial income | 75/76B | €103 | €1,242 | +€1,139 | +1,106% |
| Recurring financial income | 75 | €103 | €136 | +€33 | +31.9% |
| Non-recurring financial income | 76B | - | €1,106 | +€1,106 | |
| Financial charges | 65/66B | €95,580 | €108,077 | +€12,496 | +13.1% |
| Recurring financial charges | 65 | €86,173 | €88,896 | +€2,722 | +3.2% |
| Non-recurring financial charges | 66B | €9,407 | €19,181 | +€9,774 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€73,797 | €166,888 | +€240,685 | |
| Income taxes | 67/77 | €718 | €5,702 | +€4,984 | +694% |
| Profit (loss) for the period | 9904 | -€74,515 | €161,186 | +€235,701 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,515 | €161,186 | +€235,701 |
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.