DESYBEL: 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.
DESYBEL
Largest movements
- Cash +€116,561
up €116,561 (+21.7%), from €535,973 to €652,534
mainly Net result for the year (+€99,051) and Receivables within one year (+€17,725)
- Receivables within one year -€17,725
down €17,725 (-23.5%), from €75,292 to €57,567
of which Other amounts receivable: -€9,295
- Tangible fixed assets -€17,082
down €17,082 (-82.6%), from €20,690 to €3,608
of which Furniture and vehicles: -€8,928
- Reserves +€99,051
up €99,051 (+10.2%), from €974,334 to €1.1m
of which Distributable reserves: +€99,051
- Debts after one year -€13,973
down €13,973 (-65.8%), from €21,233 to €7,260
- Gross operating margin +€11,646
up €11,646 (+8.2%), from €141,498 to €153,144
- Taxes +€4,209
up €4,209 (+10.6%), from €39,557 to €43,766
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 | €1,042,665 | €1,125,195 | +€82,530 | +7.9% |
| Fixed assets | 21/28 | €21,148 | €3,608 | -€17,540 | -82.9% |
| Tangible fixed assets | 22/27 | €20,690 | €3,608 | -€17,082 | -82.6% |
| Land and buildings | 22 | €9,513 | €1,359 | -€8,154 | -85.7% |
| Furniture and vehicles | 24 | €11,177 | €2,249 | -€8,928 | -79.9% |
| Financial fixed assets | 28 | €458 | €0 | -€458 | -100.0% |
| Current assets | 29/58 | €1,021,517 | €1,121,587 | +€100,070 | +9.8% |
| Amounts receivable within one year | 40/41 | €75,292 | €57,567 | -€17,725 | -23.5% |
| Trade receivables | 40 | €65,283 | €56,854 | -€8,430 | -12.9% |
| Other amounts receivable | 41 | €10,009 | €714 | -€9,295 | -92.9% |
| Current investments | 50/53 | €408,412 | €410,912 | +€2,500 | +0.6% |
| Cash at bank and in hand | 54/58 | €535,973 | €652,534 | +€116,561 | +21.7% |
| Deferred charges and accrued income | 490/1 | €1,840 | €574 | -€1,266 | -68.8% |
| Total equity and liabilities | 10/49 | €1,042,665 | €1,125,195 | +€82,530 | +7.9% |
| Equity | 10/15 | €996,205 | €1,095,256 | +€99,051 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €974,334 | €1,073,384 | +€99,051 | +10.2% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €973,094 | €1,072,145 | +€99,051 | +10.2% |
| Profit (loss) carried forward | 14 | €15,672 | €15,672 | = | 0.0% |
| Amounts payable | 17/49 | €46,459 | €29,939 | -€16,520 | -35.6% |
| Amounts payable after more than one year | 17 | €21,233 | €7,260 | -€13,973 | -65.8% |
| Financial debts | 170/4 | €21,233 | €7,260 | -€13,973 | -65.8% |
| Amounts payable within one year | 42/48 | €25,226 | €22,679 | -€2,547 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €13,276 | €13,973 | +€697 | +5.3% |
| Financial debts | 43 | €0 | €308 | +€308 | |
| Credit institutions | 430/8 | €0 | €308 | +€308 | |
| Trade debts | 44 | €206 | €4,617 | +€4,411 | +2143.5% |
| Suppliers | 440/4 | €206 | €4,617 | +€4,411 | +2143.5% |
| Taxes, remuneration and social security | 45 | - | €2,089 | +€2,089 | |
| Taxes | 450/3 | - | €89 | +€89 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €11,744 | €1,693 | -€10,052 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,346 | €17,082 | -€264 | -1.5% |
| Other operating charges | 640/8 | €2,804 | €3,012 | +€208 | +7.4% |
| Gross operating margin | 9900 | €141,498 | €153,144 | +€11,646 | +8.2% |
| Operating profit (loss) | 9901 | €121,348 | €133,051 | +€11,703 | +9.6% |
| Financial income | 75/76B | €12,732 | €12,453 | -€279 | -2.2% |
| Recurring financial income | 75 | €12,732 | €12,453 | -€279 | -2.2% |
| Financial charges | 65/66B | €2,701 | €2,687 | -€14 | -0.5% |
| Recurring financial charges | 65 | €2,701 | €2,687 | -€14 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €131,379 | €142,817 | +€11,438 | +8.7% |
| Income taxes | 67/77 | €39,557 | €43,766 | +€4,209 | +10.6% |
| Profit (loss) for the period | 9904 | €91,822 | €99,051 | +€7,228 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,822 | €99,051 | +€7,228 | +7.9% |
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 7 October 2026 via checked.be.