DISESM: 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.
DISESM
Largest movements
- Tangible fixed assets -€362,679
down €362,679 (-10.6%), from €3.4m to €3.1m
- Cash -€120,011
down €120,011 (-19.6%), from €612,697 to €492,686
mainly Debts after one year (-€410,843) and Trade debts (-€233,912)
- Receivables within one year -€85,733
down €85,733 (-36.8%), from €232,974 to €147,242
of which Other amounts receivable: -€75,269
- Stocks and contracts +€67,980
up €67,980 (+12.5%), from €542,491 to €610,471
- Formation expenses -€61,903
down €61,903 (-38.7%), from €159,847 to €97,945
- Debts after one year -€410,843
down €410,843 (-15.8%), from €2.6m to €2.2m
of which Financial debts: -€410,843
- Trade debts -€233,912
down €233,912 (-31.6%), from €741,193 to €507,281
- Current portion of long-term debt -€103,380
down €103,380 (-18.1%), from €569,864 to €466,484
- Profit (loss) carried forward +€101,041
up €101,041 (+21.1%), from €477,803 to €578,845
- Turnover +€742,649
up €742,649 (+5.6%), from €13.3m to €14.1m
- Gross operating margin +€493,402
up €493,402 (+35.9%), from €1.4m to €1.9m
- Purchases and services +€335,843
up €335,843 (+2.7%), from €12.2m to €12.6m
- Staff costs +€251,784
up €251,784 (+33.3%), from €755,961 to €1.0m
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 | €5,011,163 | €4,457,967 | -€553,197 | -11.0% |
| Formation expenses | 20 | €159,847 | €97,945 | -€61,903 | -38.7% |
| Fixed assets | 21/28 | €3,451,354 | €3,093,284 | -€358,071 | -10.4% |
| Tangible fixed assets | 22/27 | €3,431,638 | €3,068,958 | -€362,679 | -10.6% |
| Land and buildings | 22 | €2,066,023 | €1,905,522 | -€160,502 | -7.8% |
| Plant, machinery and equipment | 23 | €553,370 | €501,518 | -€51,852 | -9.4% |
| Furniture and vehicles | 24 | €89,191 | €56,642 | -€32,549 | -36.5% |
| Leasing and similar rights | 25 | €723,054 | €605,277 | -€117,777 | -16.3% |
| Financial fixed assets | 28 | €19,717 | €24,325 | +€4,609 | +23.4% |
| Current assets | 29/58 | €1,399,962 | €1,266,738 | -€133,223 | -9.5% |
| Stocks and contracts in progress | 3 | €542,491 | €610,471 | +€67,980 | +12.5% |
| Stocks | 30/36 | €542,491 | €610,471 | +€67,980 | +12.5% |
| Amounts receivable within one year | 40/41 | €232,974 | €147,242 | -€85,733 | -36.8% |
| Trade receivables | 40 | €147,545 | €137,081 | -€10,463 | -7.1% |
| Other amounts receivable | 41 | €85,430 | €10,160 | -€75,269 | -88.1% |
| Cash at bank and in hand | 54/58 | €612,697 | €492,686 | -€120,011 | -19.6% |
| Deferred charges and accrued income | 490/1 | €11,799 | €16,339 | +€4,540 | +38.5% |
| Total equity and liabilities | 10/49 | €5,011,163 | €4,457,967 | -€553,197 | -11.0% |
| Equity | 10/15 | €830,401 | €931,442 | +€101,041 | +12.2% |
| Contributions | 10/11 | €167,500 | €167,500 | = | 0.0% |
| Capital | 10 | €167,500 | €167,500 | = | 0.0% |
| Issued capital | 100 | €167,500 | €167,500 | = | 0.0% |
| Reserves | 13 | €185,097 | €185,097 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,697 | €16,697 | = | 0.0% |
| Legal reserve | 130 | €16,697 | €16,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | - | -€84,200 | |
| Distributable reserves | 133 | €84,200 | €168,400 | +€84,200 | +100.0% |
| Profit (loss) carried forward | 14 | €477,803 | €578,845 | +€101,041 | +21.1% |
| Amounts payable | 17/49 | €4,180,763 | €3,526,525 | -€654,238 | -15.6% |
| Amounts payable after more than one year | 17 | €2,598,256 | €2,187,413 | -€410,843 | -15.8% |
| Financial debts | 170/4 | €2,594,464 | €2,183,620 | -€410,843 | -15.8% |
| Other amounts payable | 178/9 | €3,793 | €3,793 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,566,124 | €1,305,437 | -€260,687 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €569,864 | €466,484 | -€103,380 | -18.1% |
| Trade debts | 44 | €741,193 | €507,281 | -€233,912 | -31.6% |
| Suppliers | 440/4 | €741,193 | €507,281 | -€233,912 | -31.6% |
| Taxes, remuneration and social security | 45 | €84,514 | €130,111 | +€45,596 | +54.0% |
| Taxes | 450/3 | €833 | €11,941 | +€11,108 | +1333.6% |
| Remuneration and social security | 454/9 | €83,681 | €118,170 | +€34,488 | +41.2% |
| Other amounts payable | 47/48 | €170,553 | €201,562 | +€31,009 | +18.2% |
| Accrued charges and deferred income | 492/3 | €16,382 | €33,674 | +€17,292 | +105.6% |
| Turnover | 70 | €13,339,778 | €14,082,427 | +€742,649 | +5.6% |
| Non-recurring operating income | 76A | €9,926 | €186,331 | +€176,405 | +1777.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,237,848 | €12,573,692 | +€335,843 | +2.7% |
| Remuneration, social security and pensions | 62 | €755,961 | €1,007,745 | +€251,784 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476,650 | €483,891 | +€7,241 | +1.5% |
| Other operating charges | 640/8 | €79,476 | €102,976 | +€23,500 | +29.6% |
| Non-recurring operating charges | 66A | €45 | €2,052 | +€2,007 | +4460.2% |
| Gross operating margin | 9900 | €1,374,915 | €1,868,317 | +€493,402 | +35.9% |
| Operating profit (loss) | 9901 | €62,784 | €271,653 | +€208,868 | +332.7% |
| Financial income | 75/76B | €29,429 | €35,255 | +€5,826 | +19.8% |
| Recurring financial income | 75 | €29,429 | €35,255 | +€5,826 | +19.8% |
| Financial charges | 65/66B | €132,422 | €194,117 | +€61,695 | +46.6% |
| Recurring financial charges | 65 | €132,422 | €188,796 | +€56,374 | +42.6% |
| Non-recurring financial charges | 66B | €0 | €5,321 | +€5,321 | |
| Profit (loss) for the period before taxes | 9903 | -€40,209 | €112,790 | +€152,999 | |
| Income taxes | 67/77 | €547 | €11,749 | +€11,202 | +2047.9% |
| Profit (loss) for the period | 9904 | -€40,756 | €101,041 | +€141,797 | |
| Transfer from tax-exempt reserves | 789 | €84,200 | €84,200 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,444 | €185,241 | +€141,797 | +326.4% |
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 30 September 2026 via checked.be.