DESVAN: 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.
DESVAN
Largest movements
- Cash -€540,907
down €540,907 (-65.3%), from €828,133 to €287,226
mainly Other debts (-€157,254) and Tax, wage and social debts (-€135,443)
- Tangible fixed assets -€164,269
down €164,269 (-13.7%), from €1.2m to €1.0m
- Receivables within one year +€84,215
up €84,215 (+14.4%), from €586,059 to €670,275
- Stocks and contracts +€51,338
up €51,338 (+36.7%), from €139,834 to €191,172
- Other debts -€157,254
down €157,254 (-68.0%), from €231,297 to €74,042
- Tax, wage and social debts -€135,443
down €135,443 (-82.4%), from €164,464 to €29,021
of which Taxes: -€123,443
- Debts after one year -€113,040
down €113,040 (-17.7%), from €637,098 to €524,058
- Trade debts -€102,192
down €102,192 (-18.0%), from €569,142 to €466,950
- Current portion of long-term debt -€69,619
down €69,619 (-38.1%), from €182,659 to €113,040
- Gross operating margin -€519,266
down €519,266 (-70.7%), from €734,100 to €214,833
- Taxes -€170,114
down €170,114 (-99.7%), from €170,662 to €548
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 | €2,758,841 | €2,181,983 | -€576,858 | -20.9% |
| Fixed assets | 21/28 | €1,196,302 | €1,032,033 | -€164,269 | -13.7% |
| Tangible fixed assets | 22/27 | €1,196,302 | €1,032,033 | -€164,269 | -13.7% |
| Land and buildings | 22 | €407,089 | €361,491 | -€45,598 | -11.2% |
| Plant, machinery and equipment | 23 | €591,183 | €527,722 | -€63,461 | -10.7% |
| Furniture and vehicles | 24 | €160,030 | €114,000 | -€46,030 | -28.8% |
| Leasing and similar rights | 25 | €38,000 | €28,821 | -€9,179 | -24.2% |
| Current assets | 29/58 | €1,562,538 | €1,149,949 | -€412,589 | -26.4% |
| Stocks and contracts in progress | 3 | €139,834 | €191,172 | +€51,338 | +36.7% |
| Stocks | 30/36 | €139,834 | €191,172 | +€51,338 | +36.7% |
| Amounts receivable within one year | 40/41 | €586,059 | €670,275 | +€84,215 | +14.4% |
| Trade receivables | 40 | €586,059 | €670,275 | +€84,215 | +14.4% |
| Cash at bank and in hand | 54/58 | €828,133 | €287,226 | -€540,907 | -65.3% |
| Deferred charges and accrued income | 490/1 | €8,512 | €1,277 | -€7,235 | -85.0% |
| Total equity and liabilities | 10/49 | €2,758,841 | €2,181,983 | -€576,858 | -20.9% |
| Equity | 10/15 | €899,181 | €899,871 | +€690 | +0.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €787,186 | €787,186 | = | 0.0% |
| Distributable reserves | 133 | €787,186 | €787,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,288 | €62,061 | +€4,773 | +8.3% |
| Investment grants | 15 | €24,707 | €20,624 | -€4,083 | -16.5% |
| Amounts payable | 17/49 | €1,859,659 | €1,282,111 | -€577,548 | -31.1% |
| Amounts payable after more than one year | 17 | €637,098 | €524,058 | -€113,040 | -17.7% |
| Financial debts | 170/4 | €637,098 | €524,058 | -€113,040 | -17.7% |
| Amounts payable within one year | 42/48 | €1,222,561 | €758,053 | -€464,508 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €182,659 | €113,040 | -€69,619 | -38.1% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €569,142 | €466,950 | -€102,192 | -18.0% |
| Suppliers | 440/4 | €569,142 | €466,950 | -€102,192 | -18.0% |
| Taxes, remuneration and social security | 45 | €164,464 | €29,021 | -€135,443 | -82.4% |
| Taxes | 450/3 | €152,464 | €29,021 | -€123,443 | -81.0% |
| Remuneration and social security | 454/9 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €231,297 | €74,042 | -€157,254 | -68.0% |
| Non-recurring operating income | 76A | - | €941 | +€941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,955 | €195,419 | +€1,464 | +0.8% |
| Other operating charges | 640/8 | €7,486 | €4,736 | -€2,750 | -36.7% |
| Non-recurring operating charges | 66A | - | €222 | +€222 | |
| Gross operating margin | 9900 | €734,100 | €214,833 | -€519,266 | -70.7% |
| Operating profit (loss) | 9901 | €532,659 | €14,457 | -€518,202 | -97.3% |
| Financial income | 75/76B | €12,618 | €8,328 | -€4,290 | -34.0% |
| Recurring financial income | 75 | €12,618 | €8,328 | -€4,290 | -34.0% |
| Financial charges | 65/66B | €17,533 | €17,465 | -€69 | -0.4% |
| Recurring financial charges | 65 | €17,533 | €17,465 | -€69 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €527,744 | €5,320 | -€522,424 | -99.0% |
| Income taxes | 67/77 | €170,662 | €548 | -€170,114 | -99.7% |
| Profit (loss) for the period | 9904 | €357,082 | €4,773 | -€352,310 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €357,082 | €4,773 | -€352,310 | -98.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.