Disegno Projects: 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.
Disegno Projects
Largest movements
- Stocks and contracts -€758,555
down €758,555 (-77.7%), from €976,307 to €217,752
- Cash +€87,335
up €87,335 (+3,339%), from €2,615 to €89,951
mainly Stocks and contracts (+€758,555) and Net result for the year (+€86,218)
- Receivables within one year +€43,554
up €43,554 (+10.6%), from €410,917 to €454,471
of which Other amounts receivable: +€141,490
- Short-term financial debts -€684,898
no longer reported in 2025 (was €684,898)
- Reserves +€85,385
up €85,385 (+16.6%), from €515,899 to €601,284
- Trade debts -€29,461
down €29,461 (-28.5%), from €103,204 to €73,743
- Gross operating margin -€157,988
down €157,988 (-57.7%), from €273,945 to €115,957
- Taxes -€50,557
down €50,557 (-58.2%), from €86,848 to €36,291
- Financial income +€9,631
up €9,631 (+125%), from €7,721 to €17,352
- Financial charges -€7,219
down €7,219 (-82.1%), from €8,794 to €1,575
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,424,464 | €784,287 | -€640,177 | -44.9% |
| Fixed assets | 21/28 | €26,952 | €13,307 | -€13,645 | -50.6% |
| Tangible fixed assets | 22/27 | €13,802 | €13,307 | -€495 | -3.6% |
| Plant, machinery and equipment | 23 | €2,193 | €6,917 | +€4,724 | +215% |
| Furniture and vehicles | 24 | €10,232 | €6,147 | -€4,085 | -39.9% |
| Other tangible fixed assets | 26 | €1,377 | €244 | -€1,133 | -82.3% |
| Financial fixed assets | 28 | €13,150 | - | -€13,150 | |
| Current assets | 29/58 | €1,397,512 | €770,979 | -€626,533 | -44.8% |
| Amounts receivable after more than one year | 29 | €4,208 | €5,624 | +€1,416 | +33.6% |
| Other amounts receivable | 291 | €4,208 | €5,624 | +€1,416 | +33.6% |
| Stocks and contracts in progress | 3 | €976,307 | €217,752 | -€758,555 | -77.7% |
| Stocks | 30/36 | €976,307 | €217,752 | -€758,555 | -77.7% |
| Amounts receivable within one year | 40/41 | €410,917 | €454,471 | +€43,554 | +10.6% |
| Trade receivables | 40 | €166,210 | €68,275 | -€97,936 | -58.9% |
| Other amounts receivable | 41 | €244,706 | €386,196 | +€141,490 | +57.8% |
| Cash at bank and in hand | 54/58 | €2,615 | €89,951 | +€87,335 | +3,339% |
| Deferred charges and accrued income | 490/1 | €3,465 | €3,182 | -€283 | -8.2% |
| Total equity and liabilities | 10/49 | €1,424,464 | €784,287 | -€640,177 | -44.9% |
| Equity | 10/15 | €528,299 | €613,684 | +€85,385 | +16.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €515,899 | €601,284 | +€85,385 | +16.6% |
| Distributable reserves | 133 | €515,899 | €601,284 | +€85,385 | +16.6% |
| Amounts payable | 17/49 | €896,165 | €170,603 | -€725,562 | -81.0% |
| Amounts payable within one year | 42/48 | €889,811 | €170,246 | -€719,566 | -80.9% |
| Financial debts | 43 | €684,898 | - | -€684,898 | |
| Credit institutions | 430/8 | €684,898 | - | -€684,898 | |
| Trade debts | 44 | €103,204 | €73,743 | -€29,461 | -28.5% |
| Suppliers | 440/4 | €103,204 | €73,743 | -€29,461 | -28.5% |
| Taxes, remuneration and social security | 45 | €100,851 | €95,670 | -€5,181 | -5.1% |
| Taxes | 450/3 | €100,851 | €95,670 | -€5,181 | -5.1% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €6,353 | €357 | -€5,997 | -94.4% |
| Non-recurring operating income | 76A | €241,605 | - | -€241,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,016 | €7,707 | +€691 | +9.8% |
| Other operating charges | 640/8 | €2,119 | €1,517 | -€601 | -28.4% |
| Gross operating margin | 9900 | €273,945 | €115,957 | -€157,988 | -57.7% |
| Operating profit (loss) | 9901 | €264,810 | €106,733 | -€158,078 | -59.7% |
| Financial income | 75/76B | €7,721 | €17,352 | +€9,631 | +125% |
| Recurring financial income | 75 | €7,721 | €17,352 | +€9,631 | +125% |
| Financial charges | 65/66B | €8,794 | €1,575 | -€7,219 | -82.1% |
| Recurring financial charges | 65 | €8,794 | €1,575 | -€7,219 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €263,737 | €122,509 | -€141,228 | -53.5% |
| Income taxes | 67/77 | €86,848 | €36,291 | -€50,557 | -58.2% |
| Profit (loss) for the period | 9904 | €176,889 | €86,218 | -€90,671 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,889 | €86,218 | -€90,671 | -51.3% |
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 17 October 2026 via checked.be.