DISEÑO: 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.
What changed
DISEÑO
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,695
2024 · €1,927+€8,768
Equity
€217,095
2024 · €207,233+€9,862
Cash
€267
2024 · €2,486-€2,218
Balance sheet total
€1.1m
2024 · €1.0m+€111,823
Largest movements
Assets
- Tangible fixed assets +€126,301
up €126,301 (+13.6%), from €926,120 to €1.1m
of which Assets under construction and advance payments: +€145,942
- Stocks and contracts -€15,358
down €15,358 (-28.4%), from €54,167 to €38,809
of which Stocks: -€8,858
Equity and liabilities
- Debts after one year +€44,811
up €44,811 (+6.1%), from €730,632 to €775,442
of which Financial debts: +€94,811
- Trade debts +€31,903
up €31,903 (+148%), from €21,583 to €53,486
- Other debts +€18,870
up €18,870 (+50.7%), from €37,183 to €56,053
Income statement
- Gross operating margin +€24,596
up €24,596 (+23.3%), from €105,361 to €129,957
- Financial charges +€10,072
up €10,072 (+100%), from €10,056 to €20,128
- Depreciation +€6,975
up €6,975 (+38.6%), from €18,089 to €25,064
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.
Result 2024
€1,927
Gross operating margin
+€24,596
Staff costs
+€1,209
Depreciation
-€6,975
Other operating charges
+€53
Financial income
-€43
Financial charges
-€10,072
Taxes
-€0
Result 2025
€10,695
raises the resultlowers the result
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.
From operations
+€95,907
Investment
-€150,990
Financing
+€52,865
Cash 2024
€2,486
From operations (derived)
+€95,907
Net result for the year
+€10,695
Depreciation
+€25,064
Stocks and contracts
+€15,358
Receivables within one year
-€4,742
Deferred charges and accrued income
+€1,269
Trade debts
+€31,903
Tax, wage and social debts
-€2,317
Other debts
+€18,870
Accrued charges and deferred income
-€194
Investment (derived)
-€150,990
Investment in fixed assets (net)
-€150,989
Current investments
-€1
Financing
+€52,865
Debts after one year
+€44,811
Current portion of long-term debt
+€8,422
Short-term financial debts
+€465
Contributions, distributions and other
-€833
Cash 2025
€267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,030,047 | €1,141,870 | +€111,823 | +10.9% |
| Fixed assets | 21/28 | €927,304 | €1,053,229 | +€125,925 | +13.6% |
| Intangible fixed assets | 21 | €376 | - | -€376 | |
| Tangible fixed assets | 22/27 | €926,120 | €1,052,421 | +€126,301 | +13.6% |
| Land and buildings | 22 | €387,267 | €387,267 | = | 0.0% |
| Plant, machinery and equipment | 23 | €28,501 | €22,771 | -€5,730 | -20.1% |
| Furniture and vehicles | 24 | €50,423 | €36,512 | -€13,911 | -27.6% |
| Assets under construction and advance payments | 27 | €459,929 | €605,871 | +€145,942 | +31.7% |
| Financial fixed assets | 28 | €808 | €808 | = | 0.0% |
| Current assets | 29/58 | €102,743 | €88,641 | -€14,103 | -13.7% |
| Stocks and contracts in progress | 3 | €54,167 | €38,809 | -€15,358 | -28.4% |
| Stocks | 30/36 | €47,667 | €38,809 | -€8,858 | -18.6% |
| Contracts in progress | 37 | €6,500 | - | -€6,500 | |
| Amounts receivable within one year | 40/41 | €39,630 | €44,372 | +€4,742 | +12.0% |
| Trade receivables | 40 | €23,186 | €37,862 | +€14,676 | +63.3% |
| Other amounts receivable | 41 | €16,444 | €6,510 | -€9,934 | -60.4% |
| Current investments | 50/53 | €62 | €62 | +€1 | +1.1% |
| Cash at bank and in hand | 54/58 | €2,486 | €267 | -€2,218 | -89.2% |
| Deferred charges and accrued income | 490/1 | €6,399 | €5,130 | -€1,269 | -19.8% |
| Total equity and liabilities | 10/49 | €1,030,047 | €1,141,870 | +€111,823 | +10.9% |
| Equity | 10/15 | €207,233 | €217,095 | +€9,862 | +4.8% |
| Contributions | 10/11 | €67,580 | €67,580 | = | 0.0% |
| Reserves | 13 | €139,653 | €149,515 | +€9,862 | +7.1% |
| Distributable reserves | 133 | €139,653 | €149,515 | +€9,862 | +7.1% |
| Amounts payable | 17/49 | €822,814 | €924,774 | +€101,960 | +12.4% |
| Amounts payable after more than one year | 17 | €730,632 | €775,442 | +€44,811 | +6.1% |
| Financial debts | 170/4 | €280,632 | €375,442 | +€94,811 | +33.8% |
| Other amounts payable | 178/9 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Amounts payable within one year | 42/48 | €91,988 | €149,332 | +€57,344 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €29,729 | €38,151 | +€8,422 | +28.3% |
| Financial debts | 43 | €41 | €507 | +€465 | +1,124% |
| Credit institutions | 430/8 | €41 | €507 | +€465 | +1,124% |
| Trade debts | 44 | €21,583 | €53,486 | +€31,903 | +148% |
| Suppliers | 440/4 | €21,583 | €53,486 | +€31,903 | +148% |
| Taxes, remuneration and social security | 45 | €3,451 | €1,134 | -€2,317 | -67.1% |
| Taxes | 450/3 | €2,078 | €1,044 | -€1,034 | -49.7% |
| Remuneration and social security | 454/9 | €1,373 | €90 | -€1,283 | -93.4% |
| Other amounts payable | 47/48 | €37,183 | €56,053 | +€18,870 | +50.7% |
| Accrued charges and deferred income | 492/3 | €194 | - | -€194 | |
| Remuneration, social security and pensions | 62 | €74,537 | €73,329 | -€1,209 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,089 | €25,064 | +€6,975 | +38.6% |
| Other operating charges | 640/8 | €823 | €769 | -€53 | -6.5% |
| Gross operating margin | 9900 | €105,361 | €129,957 | +€24,596 | +23.3% |
| Operating profit (loss) | 9901 | €11,912 | €30,795 | +€18,883 | +159% |
| Financial income | 75/76B | €71 | €28 | -€43 | -59.9% |
| Recurring financial income | 75 | €71 | €28 | -€43 | -59.9% |
| Financial charges | 65/66B | €10,056 | €20,128 | +€10,072 | +100% |
| Recurring financial charges | 65 | €10,056 | €20,128 | +€10,072 | +100% |
| Profit (loss) for the period before taxes | 9903 | €1,927 | €10,696 | +€8,769 | +455% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €1,927 | €10,695 | +€8,768 | +455% |
| Profit (loss) for the period to be appropriated | 9905 | €1,927 | €10,695 | +€8,768 | +455% |
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 15 October 2026 via checked.be.