DESTEXHE MANAGEMENT: 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.
DESTEXHE MANAGEMENT
Largest movements
- Cash +€108,205
up €108,205 (+19.0%), from €569,562 to €677,768
mainly Other debts (+€402,957) and Net result for the year (+€104,171)
- Other debts +€402,957
up €402,957 (+306%), from €131,744 to €534,701
- Reserves -€316,882
down €316,882 (-28.6%), from €1.1m to €790,929
- Tax, wage and social debts +€20,284
up €20,284 (+188%), from €10,806 to €31,090
- Gross operating margin +€7,745
up €7,745 (+13.4%), from €57,956 to €65,701
- Taxes +€1,913
up €1,913 (+8.9%), from €21,508 to €23,421
- Financial income -€1,726
down €1,726 (-2.0%), from €84,820 to €83,095
- Financial charges -€830
down €830 (-8.1%), from €10,273 to €9,443
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 | €1,386,272 | €1,492,283 | +€106,011 | +7.6% |
| Fixed assets | 21/28 | €401,654 | €390,097 | -€11,557 | -2.9% |
| Tangible fixed assets | 22/27 | €14,621 | €3,064 | -€11,557 | -79.0% |
| Furniture and vehicles | 24 | €12,268 | €1,401 | -€10,867 | -88.6% |
| Other tangible fixed assets | 26 | €2,353 | €1,663 | -€690 | -29.3% |
| Financial fixed assets | 28 | €387,033 | €387,033 | = | 0.0% |
| Current assets | 29/58 | €984,618 | €1,102,186 | +€117,568 | +11.9% |
| Amounts receivable within one year | 40/41 | €415,056 | €424,418 | +€9,362 | +2.3% |
| Trade receivables | 40 | €39,645 | €44,252 | +€4,606 | +11.6% |
| Other amounts receivable | 41 | €375,411 | €380,167 | +€4,756 | +1.3% |
| Cash at bank and in hand | 54/58 | €569,562 | €677,768 | +€108,205 | +19.0% |
| Total equity and liabilities | 10/49 | €1,386,272 | €1,492,283 | +€106,011 | +7.6% |
| Equity | 10/15 | €1,238,657 | €921,775 | -€316,882 | -25.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,107,810 | €790,929 | -€316,882 | -28.6% |
| Distributable reserves | 133 | €1,107,810 | €790,929 | -€316,882 | -28.6% |
| Profit (loss) carried forward | 14 | €90,847 | €90,847 | = | 0.0% |
| Amounts payable | 17/49 | €147,615 | €570,507 | +€422,892 | +286% |
| Amounts payable within one year | 42/48 | €147,615 | €570,507 | +€422,892 | +286% |
| Trade debts | 44 | €5,065 | €4,716 | -€349 | -6.9% |
| Suppliers | 440/4 | €5,065 | €4,716 | -€349 | -6.9% |
| Taxes, remuneration and social security | 45 | €10,806 | €31,090 | +€20,284 | +188% |
| Taxes | 450/3 | €10,806 | €31,090 | +€20,284 | +188% |
| Other amounts payable | 47/48 | €131,744 | €534,701 | +€402,957 | +306% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,556 | €11,557 | +€1 | 0.0% |
| Other operating charges | 640/8 | €498 | €204 | -€294 | -59.0% |
| Gross operating margin | 9900 | €57,956 | €65,701 | +€7,745 | +13.4% |
| Operating profit (loss) | 9901 | €45,902 | €53,940 | +€8,038 | +17.5% |
| Financial income | 75/76B | €84,820 | €83,095 | -€1,726 | -2.0% |
| Recurring financial income | 75 | €84,820 | €83,095 | -€1,726 | -2.0% |
| Financial charges | 65/66B | €10,273 | €9,443 | -€830 | -8.1% |
| Recurring financial charges | 65 | €10,273 | €9,443 | -€830 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €120,450 | €127,591 | +€7,142 | +5.9% |
| Income taxes | 67/77 | €21,508 | €23,421 | +€1,913 | +8.9% |
| Profit (loss) for the period | 9904 | €98,942 | €104,171 | +€5,229 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,942 | €104,171 | +€5,229 | +5.3% |
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 26 October 2026 via checked.be.