DESTREE: what changed
Two fiscal 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.
DESTREE
Largest movements
- Cash -€26,061
down €26,061 (-28.5%), from €91,282 to €65,221
mainly Stocks and contracts (-€25,326) and Debts after one year (-€15,195)
- Stocks and contracts +€25,326
up €25,326 (+9.9%), from €255,023 to €280,349
- Tangible fixed assets -€20,886
down €20,886 (-20.1%), from €104,048 to €83,161
of which Furniture and vehicles: -€22,652
- Debts after one year -€15,195
down €15,195 (-20.7%), from €73,298 to €58,103
- Profit (loss) carried forward -€12,051
down €12,051 (-12.4%), from -€97,476 to -€109,527
- Other debts -€4,882
down €4,882 (-9.6%), from €50,772 to €45,890
- Staff costs +€26,949
up €26,949 (+41.5%), from €64,967 to €91,916
- Gross operating margin +€19,723
up €19,723 (+22.1%), from €89,357 to €109,079
- Depreciation +€4,990
up €4,990 (+25.9%), from €19,286 to €24,276
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.
Cash bridge derived
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 | €450,853 | €428,806 | -€22,046 | -4.9% |
| Fixed assets | 21/28 | €104,048 | €83,161 | -€20,886 | -20.1% |
| Tangible fixed assets | 22/27 | €104,048 | €83,161 | -€20,886 | -20.1% |
| Plant, machinery and equipment | 23 | €3,717 | €5,482 | +€1,765 | +47.5% |
| Furniture and vehicles | 24 | €100,330 | €77,679 | -€22,652 | -22.6% |
| Current assets | 29/58 | €346,805 | €345,645 | -€1,160 | -0.3% |
| Stocks and contracts in progress | 3 | €255,023 | €280,349 | +€25,326 | +9.9% |
| Stocks | 30/36 | €255,023 | €280,349 | +€25,326 | +9.9% |
| Current investments | 50/53 | €500 | €76 | -€424 | -84.8% |
| Cash at bank and in hand | 54/58 | €91,282 | €65,221 | -€26,061 | -28.5% |
| Total equity and liabilities | 10/49 | €450,853 | €428,806 | -€22,046 | -4.9% |
| Equity | 10/15 | €259,869 | €247,818 | -€12,051 | -4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €295,345 | €295,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €85 | €85 | = | 0.0% |
| Distributable reserves | 133 | €289,061 | €289,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,476 | -€109,527 | -€12,051 | -12.4% |
| Amounts payable | 17/49 | €190,984 | €180,989 | -€9,995 | -5.2% |
| Amounts payable after more than one year | 17 | €73,298 | €58,103 | -€15,195 | -20.7% |
| Financial debts | 170/4 | €73,298 | €58,103 | -€15,195 | -20.7% |
| Amounts payable within one year | 42/48 | €115,476 | €118,425 | +€2,950 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €14,612 | €15,195 | +€582 | +4.0% |
| Trade debts | 44 | €33,195 | €36,005 | +€2,810 | +8.5% |
| Suppliers | 440/4 | €33,195 | €36,005 | +€2,810 | +8.5% |
| Taxes, remuneration and social security | 45 | €16,896 | €21,336 | +€4,440 | +26.3% |
| Taxes | 450/3 | €8,966 | €13,998 | +€5,032 | +56.1% |
| Remuneration and social security | 454/9 | €7,931 | €7,338 | -€592 | -7.5% |
| Other amounts payable | 47/48 | €50,772 | €45,890 | -€4,882 | -9.6% |
| Accrued charges and deferred income | 492/3 | €2,210 | €4,460 | +€2,250 | +101.8% |
| Remuneration, social security and pensions | 62 | €64,967 | €91,916 | +€26,949 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,286 | €24,276 | +€4,990 | +25.9% |
| Other operating charges | 640/8 | €543 | €155 | -€388 | -71.5% |
| Gross operating margin | 9900 | €89,357 | €109,079 | +€19,723 | +22.1% |
| Operating profit (loss) | 9901 | €4,560 | -€7,268 | -€11,828 | |
| Financial income | 75/76B | €101 | €347 | +€246 | +244.2% |
| Recurring financial income | 75 | €101 | €347 | +€246 | +244.2% |
| Financial charges | 65/66B | €3,693 | €4,548 | +€855 | +23.2% |
| Recurring financial charges | 65 | €3,693 | €4,548 | +€855 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €968 | -€11,469 | -€12,436 | |
| Income taxes | 67/77 | €535 | €582 | +€48 | +8.9% |
| Profit (loss) for the period | 9904 | €433 | -€12,051 | -€12,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €433 | -€12,051 | -€12,484 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.