ENTREPRISE DESHORME: what changed
ENTREPRISE DESHORME
Largest movements
- Tangible fixed assets +€577,676
up €577,676 (+394%), from €146,752 to €724,427
of which Land and buildings: +€547,376
- Cash +€68,789
up €68,789 (+157%), from €43,916 to €112,705
mainly Debts after one year (+€485,822) and Short-term financial debts (+€112,500)
- Receivables within one year -€36,446
down €36,446 (-54.4%), from €66,951 to €30,505
of which Other amounts receivable: -€49,293
- Debts after one year +€485,822
up €485,822 (+647%), from €75,037 to €560,859
- Short-term financial debts +€112,500
new in 2025: €112,500
- Current portion of long-term debt +€28,962
up €28,962 (+63.2%), from €45,810 to €74,772
- Reserves -€22,696
down €22,696 (-50.9%), from €44,556 to €21,860
of which Distributable reserves: -€22,696
- Tax, wage and social debts +€16,385
up €16,385 (+51.3%), from €31,920 to €48,305
of which Taxes: +€9,697
- Gross operating margin -€64,863
down €64,863 (-17.8%), from €363,510 to €298,647
- Taxes -€31,072
down €31,072 (-99.4%), from €31,261 to €189
- Depreciation +€26,422
up €26,422 (+50.9%), from €51,939 to €78,361
- Financial charges +€22,184
up €22,184 (+429%), from €5,168 to €27,352
- Staff costs +€7,672
up €7,672 (+4.1%), from €187,574 to €195,246
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,416 | €872,682 | +€608,266 | +230% |
| Fixed assets | 21/28 | €149,344 | €724,631 | +€575,287 | +385% |
| Intangible fixed assets | 21 | €289 | - | -€289 | |
| Tangible fixed assets | 22/27 | €146,752 | €724,427 | +€577,676 | +394% |
| Land and buildings | 22 | - | €547,376 | +€547,376 | |
| Plant, machinery and equipment | 23 | €78,415 | €74,582 | -€3,833 | -4.9% |
| Furniture and vehicles | 24 | €32,227 | €70,401 | +€38,174 | +118% |
| Leasing and similar rights | 25 | €33,800 | €28,863 | -€4,937 | -14.6% |
| Other tangible fixed assets | 26 | €2,310 | €3,205 | +€895 | +38.8% |
| Financial fixed assets | 28 | €2,304 | €204 | -€2,100 | -91.1% |
| Current assets | 29/58 | €115,072 | €148,050 | +€32,979 | +28.7% |
| Amounts receivable within one year | 40/41 | €66,951 | €30,505 | -€36,446 | -54.4% |
| Trade receivables | 40 | €12,797 | €25,644 | +€12,847 | +100% |
| Other amounts receivable | 41 | €54,154 | €4,860 | -€49,293 | -91.0% |
| Cash at bank and in hand | 54/58 | €43,916 | €112,705 | +€68,789 | +157% |
| Deferred charges and accrued income | 490/1 | €4,205 | €4,841 | +€636 | +15.1% |
| Total equity and liabilities | 10/49 | €264,416 | €872,682 | +€608,266 | +230% |
| Equity | 10/15 | €63,156 | €33,593 | -€29,563 | -46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,556 | €21,860 | -€22,696 | -50.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,696 | €20,000 | -€22,696 | -53.2% |
| Profit (loss) carried forward | 14 | - | -€6,867 | -€6,867 | |
| Amounts payable | 17/49 | €201,260 | €839,089 | +€637,829 | +317% |
| Amounts payable after more than one year | 17 | €75,037 | €560,859 | +€485,822 | +647% |
| Financial debts | 170/4 | €75,037 | €560,859 | +€485,822 | +647% |
| Amounts payable within one year | 42/48 | €107,518 | €270,176 | +€162,658 | +151% |
| Current portion of amounts payable after more than one year | 42 | €45,810 | €74,772 | +€28,962 | +63.2% |
| Financial debts | 43 | - | €112,500 | +€112,500 | |
| Credit institutions | 430/8 | - | €112,500 | +€112,500 | |
| Trade debts | 44 | €3,275 | €7,448 | +€4,173 | +127% |
| Suppliers | 440/4 | €3,275 | €7,448 | +€4,173 | +127% |
| Taxes, remuneration and social security | 45 | €31,920 | €48,305 | +€16,385 | +51.3% |
| Taxes | 450/3 | €14,341 | €24,038 | +€9,697 | +67.6% |
| Remuneration and social security | 454/9 | €17,580 | €24,267 | +€6,688 | +38.0% |
| Other amounts payable | 47/48 | €26,512 | €27,150 | +€638 | +2.4% |
| Accrued charges and deferred income | 492/3 | €18,705 | €8,054 | -€10,651 | -56.9% |
| Remuneration, social security and pensions | 62 | €187,574 | €195,246 | +€7,672 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,939 | €78,361 | +€26,422 | +50.9% |
| Other operating charges | 640/8 | €2,285 | €4,893 | +€2,608 | +114% |
| Gross operating margin | 9900 | €363,510 | €298,647 | -€64,863 | -17.8% |
| Operating profit (loss) | 9901 | €121,712 | €20,147 | -€101,565 | -83.4% |
| Financial income | 75/76B | €1,838 | €527 | -€1,311 | -71.3% |
| Recurring financial income | 75 | €1,838 | €527 | -€1,311 | -71.3% |
| Financial charges | 65/66B | €5,168 | €27,352 | +€22,184 | +429% |
| Recurring financial charges | 65 | €5,168 | €27,352 | +€22,184 | +429% |
| Profit (loss) for the period before taxes | 9903 | €118,381 | -€6,678 | -€125,059 | |
| Income taxes | 67/77 | €31,261 | €189 | -€31,072 | -99.4% |
| Profit (loss) for the period | 9904 | €87,120 | -€6,867 | -€93,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,120 | -€6,867 | -€93,987 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.