Destilink: 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
Destilink
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7.1m
2024 · €583,756-€7.7m
Equity
€366.1m
2024 · €373.2m-€7.1m
Cash
€153,971
2024 · €303,266-€149,295
Balance sheet total
€372.0m
2024 · €378.8m-€6.8m
Largest movements
Assets
- Financial fixed assets -€6.8m
down €6.8m (-1.8%), from €374.0m to €367.2m
Equity and liabilities
- Profit (loss) carried forward -€7.1m
down €7.1m (-78.9%), from -€9.0m to -€16.1m
Income statement
- Financial charges +€6.7m
up €6.7m (+1,949%), from €345,751 to €7.1m
of which Non-recurring financial charges: +€6.8m
- Turnover -€6.2m
down €6.2m (-45.3%), from €13.6m to €7.5m
- Services and other goods -€3.7m
down €3.7m (-40.3%), from €9.3m to €5.5m
- Staff costs -€1.5m
down €1.5m (-44.5%), from €3.5m to €1.9m
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
€583,756
Turnover
-€6.2m
Other operating income
-€62,543
Services and other goods
+€3.7m
Staff costs
+€1.5m
Depreciation
-€11,687
Other operating charges
+€2,676
Financial income
-€21
Financial charges
-€6.7m
Taxes
+€4,655
Result 2025
-€7.1m
raises the resultlowers the result
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
-€8.1m
Investment
+€6.8m
Financing
+€1.1m
Cash 2024
€303,266
From operations (derived)
-€8.1m
Net result for the year
-€7.1m
Depreciation
+€50,584
Receivables within one year
-€992,410
Deferred charges and accrued income
+€782,537
Trade debts
-€849,384
Tax, wage and social debts
+€5,931
Accrued charges and deferred income
+€20,590
Investment (derived)
+€6.8m
Investment in fixed assets (net)
+€6.8m
Financing
+€1.1m
Debts after one year
+€1.2m
Short-term financial debts
-€4,704
Cash 2025
€153,971
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,789,560 | €371,995,883 | -€6.8m | -1.8% |
| Fixed assets | 21/28 | €374,159,008 | €367,304,754 | -€6.9m | -1.8% |
| Tangible fixed assets | 22/27 | €152,613 | €102,029 | -€50,584 | -33.1% |
| Plant, machinery and equipment | 23 | €152,613 | €102,029 | -€50,584 | -33.1% |
| Financial fixed assets | 28 | €374,006,395 | €367,202,724 | -€6.8m | -1.8% |
| Affiliated companies | 280/1 | €374,006,395 | €367,202,724 | -€6.8m | -1.8% |
| Participating interests | 280 | €374,006,395 | €367,202,724 | -€6.8m | -1.8% |
| Current assets | 29/58 | €4,630,551 | €4,691,129 | +€60,578 | +1.3% |
| Amounts receivable within one year | 40/41 | €3,428,281 | €4,420,691 | +€992,410 | +28.9% |
| Trade receivables | 40 | €3,066,318 | €4,344,397 | +€1.3m | +41.7% |
| Other amounts receivable | 41 | €361,963 | €76,294 | -€285,669 | -78.9% |
| Cash at bank and in hand | 54/58 | €303,266 | €153,971 | -€149,295 | -49.2% |
| Deferred charges and accrued income | 490/1 | €899,004 | €116,467 | -€782,537 | -87.0% |
| Total equity and liabilities | 10/49 | €378,789,560 | €371,995,883 | -€6.8m | -1.8% |
| Equity | 10/15 | €373,184,040 | €366,067,930 | -€7.1m | -1.9% |
| Contributions | 10/11 | €382,207,356 | €382,207,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,023,316 | -€16,139,425 | -€7.1m | -78.9% |
| Amounts payable | 17/49 | €5,605,520 | €5,927,952 | +€322,433 | +5.8% |
| Amounts payable after more than one year | 17 | €2,350,000 | €3,500,000 | +€1.2m | +48.9% |
| Financial debts | 170/4 | €2,350,000 | €3,500,000 | +€1.2m | +48.9% |
| Other loans | 174 | €2,350,000 | €3,500,000 | +€1.2m | +48.9% |
| Amounts payable within one year | 42/48 | €3,252,160 | €2,404,002 | -€848,157 | -26.1% |
| Financial debts | 43 | €175,000 | €170,296 | -€4,704 | -2.7% |
| Credit institutions | 430/8 | €175,000 | €170,296 | -€4,704 | -2.7% |
| Trade debts | 44 | €2,658,056 | €1,808,672 | -€849,384 | -32.0% |
| Suppliers | 440/4 | €2,658,056 | €1,808,672 | -€849,384 | -32.0% |
| Taxes, remuneration and social security | 45 | €419,104 | €425,034 | +€5,931 | +1.4% |
| Taxes | 450/3 | €869 | €214,862 | +€213,993 | +24,634% |
| Remuneration and social security | 454/9 | €418,235 | €210,172 | -€208,063 | -49.7% |
| Accrued charges and deferred income | 492/3 | €3,360 | €23,950 | +€20,590 | +613% |
| Operating income | 70/76A | €13,715,402 | €7,485,610 | -€6.2m | -45.4% |
| Turnover | 70 | €13,625,944 | €7,458,695 | -€6.2m | -45.3% |
| Other operating income | 74 | €89,458 | €26,915 | -€62,543 | -69.9% |
| Operating charges | 60/66A | €12,776,175 | €7,512,393 | -€5.3m | -41.2% |
| Services and other goods | 61 | €9,270,505 | €5,537,111 | -€3.7m | -40.3% |
| Remuneration, social security and pensions | 62 | €3,460,959 | €1,921,560 | -€1.5m | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,896 | €50,584 | +€11,687 | +30.0% |
| Other operating charges | 640/8 | €5,814 | €3,138 | -€2,676 | -46.0% |
| Operating profit (loss) | 9901 | €939,227 | -€26,783 | -€966,010 | |
| Financial income | 75/76B | €201 | €180 | -€21 | -10.3% |
| Recurring financial income | 75 | €201 | €180 | -€21 | -10.3% |
| Income from current assets | 751 | €178 | €180 | +€2 | +1.2% |
| Other financial income | 752/9 | €23 | - | -€23 | |
| Financial charges | 65/66B | €345,751 | €7,084,241 | +€6.7m | +1,949% |
| Recurring financial charges | 65 | €345,751 | €280,570 | -€65,181 | -18.9% |
| Debt charges | 650 | €334,198 | €276,760 | -€57,438 | -17.2% |
| Other financial charges | 652/9 | €11,553 | €3,810 | -€7,743 | -67.0% |
| Non-recurring financial charges | 66B | - | €6,803,671 | +€6.8m | |
| Profit (loss) for the period before taxes | 9903 | €593,677 | -€7,110,844 | -€7.7m | |
| Income taxes | 67/77 | €9,921 | €5,266 | -€4,655 | -46.9% |
| Taxes | 670/3 | €9,921 | €10,036 | +€115 | +1.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,770 | +€4,770 | |
| Profit (loss) for the period | 9904 | €583,756 | -€7,116,110 | -€7.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €583,756 | -€7,116,110 | -€7.7m |
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 16 October 2026 via checked.be.