DESTINE: what changed
What changed
DESTINE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€72,792
2024 · €145,552-€72,760
Equity
€612,168
2024 · €539,375+€72,792
Cash
€407,140
2024 · €367,909+€39,231
Balance sheet total
€684,277
2024 · €651,708+€32,569
Largest movements
Assets
- Cash +€39,231
up €39,231 (+10.7%), from €367,909 to €407,140
mainly Net result for the year (+€72,792) and Depreciation (+€35,844)
- Tangible fixed assets -€12,545
down €12,545 (-4.9%), from €256,636 to €244,091
of which Furniture and vehicles: -€6,495
Equity and liabilities
- Reserves +€72,792
up €72,792 (+17.6%), from €414,375 to €487,168
of which Distributable reserves: +€73,823
- Current portion of long-term debt -€32,945
down €32,945 (-91.5%), from €36,024 to €3,080
Income statement
- Gross operating margin -€106,385
down €106,385 (-42.2%), from €252,202 to €145,816
- Taxes -€32,617
down €32,617 (-51.8%), from €63,001 to €30,385
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€145,552
Gross operating margin
-€106,385
Depreciation
-€1,851
Other operating charges
+€807
Financial income
+€33
Financial charges
+€2,020
Taxes
+€32,617
Result 2025
€72,792
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€98,555
Investment
-€23,299
Financing
-€36,024
Cash 2024
€367,909
From operations (derived)
+€98,555
Net result for the year
+€72,792
Depreciation
+€35,844
Receivables within one year
-€6,310
Deferred charges and accrued income
+€427
Trade debts
+€96
Tax, wage and social debts
-€242
Other debts
-€4,054
Investment (derived)
-€23,299
Investment in fixed assets (net)
-€23,299
Financing
-€36,024
Debts after one year
-€3,080
Current portion of long-term debt
-€32,945
Cash 2025
€407,140
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,708 | €684,277 | +€32,569 | +5.0% |
| Fixed assets | 21/28 | €256,636 | €244,091 | -€12,545 | -4.9% |
| Tangible fixed assets | 22/27 | €256,636 | €244,091 | -€12,545 | -4.9% |
| Land and buildings | 22 | €244,303 | €238,646 | -€5,657 | -2.3% |
| Plant, machinery and equipment | 23 | €426 | €33 | -€393 | -92.3% |
| Furniture and vehicles | 24 | €11,907 | €5,412 | -€6,495 | -54.5% |
| Current assets | 29/58 | €395,072 | €440,186 | +€45,113 | +11.4% |
| Amounts receivable within one year | 40/41 | €25,086 | €31,395 | +€6,310 | +25.2% |
| Trade receivables | 40 | €22,048 | €21,780 | -€268 | -1.2% |
| Other amounts receivable | 41 | €3,038 | €9,615 | +€6,578 | +217% |
| Cash at bank and in hand | 54/58 | €367,909 | €407,140 | +€39,231 | +10.7% |
| Deferred charges and accrued income | 490/1 | €2,078 | €1,651 | -€427 | -20.6% |
| Total equity and liabilities | 10/49 | €651,708 | €684,277 | +€32,569 | +5.0% |
| Equity | 10/15 | €539,375 | €612,168 | +€72,792 | +13.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €414,375 | €487,168 | +€72,792 | +17.6% |
| Non-distributable reserves | 130/1 | €1,031 | - | -€1,031 | |
| Reserves not available under the articles | 1311 | €1,031 | - | -€1,031 | |
| Distributable reserves | 133 | €413,344 | €487,168 | +€73,823 | +17.9% |
| Amounts payable | 17/49 | €112,333 | €72,109 | -€40,224 | -35.8% |
| Amounts payable after more than one year | 17 | €3,080 | - | -€3,080 | |
| Financial debts | 170/4 | €3,080 | - | -€3,080 | |
| Amounts payable within one year | 42/48 | €109,253 | €72,109 | -€37,144 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €36,024 | €3,080 | -€32,945 | -91.5% |
| Trade debts | 44 | €2,486 | €2,582 | +€96 | +3.9% |
| Suppliers | 440/4 | €2,486 | €2,582 | +€96 | +3.9% |
| Taxes, remuneration and social security | 45 | €13,858 | €13,617 | -€242 | -1.7% |
| Taxes | 450/3 | €11,882 | €11,804 | -€78 | -0.7% |
| Remuneration and social security | 454/9 | €1,976 | €1,813 | -€163 | -8.3% |
| Other amounts payable | 47/48 | €56,884 | €52,830 | -€4,054 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,993 | €35,844 | +€1,851 | +5.4% |
| Other operating charges | 640/8 | €2,668 | €1,861 | -€807 | -30.2% |
| Gross operating margin | 9900 | €252,202 | €145,816 | -€106,385 | -42.2% |
| Operating profit (loss) | 9901 | €215,540 | €108,111 | -€107,429 | -49.8% |
| Financial income | 75/76B | €2 | €35 | +€33 | +1,690% |
| Recurring financial income | 75 | €2 | €35 | +€33 | +1,690% |
| Financial charges | 65/66B | €6,989 | €4,969 | -€2,020 | -28.9% |
| Recurring financial charges | 65 | €6,989 | €4,969 | -€2,020 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €208,554 | €103,177 | -€105,377 | -50.5% |
| Income taxes | 67/77 | €63,001 | €30,385 | -€32,617 | -51.8% |
| Profit (loss) for the period | 9904 | €145,552 | €72,792 | -€72,760 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,552 | €72,792 | -€72,760 | -50.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.