PHILIPPE DESNERCK BV: 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.
PHILIPPE DESNERCK BV
Largest movements
- Receivables within one year +€59,565
up €59,565 (+51.6%), from €115,350 to €174,915
of which Other amounts receivable: +€65,134
- Deferred charges and accrued income -€48,861
no longer reported in 2025 (was €48,861)
- Cash -€16,806
down €16,806 (-38.9%), from €43,197 to €26,391
mainly Receivables within one year (-€59,565) and Net result for the year (-€5,495)
- Reserves -€6,743
down €6,743 (-1.8%), from €382,865 to €376,122
- Taxes +€5,283
up €5,283, from -€5,080 to €203
- Gross operating margin +€4,394
up €4,394 (+26.0%), from -€16,915 to -€12,520
- Financial charges -€1,605
down €1,605 (-74.9%), from €2,144 to €538
of which Financial charges: -€1,605
- Financial income +€426
up €426 (+3.3%), from €12,932 to €13,358
- Depreciation -€226
down €226 (-6.3%), from €3,601 to €3,374
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 | €416,136 | €408,467 | -€7,669 | -1.8% |
| Fixed assets | 21/28 | €51,026 | €47,651 | -€3,374 | -6.6% |
| Tangible fixed assets | 22/27 | €50,852 | €47,478 | -€3,374 | -6.6% |
| Land and buildings | 22 | €35,835 | €33,752 | -€2,083 | -5.8% |
| Furniture and vehicles | 24 | €464 | €15 | -€449 | -96.8% |
| Other tangible fixed assets | 26 | €14,553 | €13,711 | -€843 | -5.8% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €365,110 | €360,815 | -€4,295 | -1.2% |
| Amounts receivable within one year | 40/41 | €115,350 | €174,915 | +€59,565 | +51.6% |
| Trade receivables | 40 | €15,350 | €9,780 | -€5,570 | -36.3% |
| Other amounts receivable | 41 | €100,000 | €165,134 | +€65,134 | +65.1% |
| Current investments | 50/53 | €157,702 | €159,509 | +€1,808 | +1.1% |
| Cash at bank and in hand | 54/58 | €43,197 | €26,391 | -€16,806 | -38.9% |
| Deferred charges and accrued income | 490/1 | €48,861 | - | -€48,861 | |
| Total equity and liabilities | 10/49 | €416,136 | €408,467 | -€7,669 | -1.8% |
| Equity | 10/15 | €401,457 | €395,961 | -€5,495 | -1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €382,865 | €376,122 | -€6,743 | -1.8% |
| Distributable reserves | 133 | €382,865 | €376,122 | -€6,743 | -1.8% |
| Profit (loss) carried forward | 14 | - | €1,248 | +€1,248 | |
| Amounts payable | 17/49 | €14,679 | €12,505 | -€2,174 | -14.8% |
| Amounts payable within one year | 42/48 | €13,211 | €12,505 | -€706 | -5.3% |
| Trade debts | 44 | €3,677 | €2,404 | -€1,273 | -34.6% |
| Suppliers | 440/4 | €3,677 | €2,404 | -€1,273 | -34.6% |
| Taxes, remuneration and social security | 45 | €2,537 | €1,179 | -€1,358 | -53.5% |
| Taxes | 450/3 | €2,537 | €1,179 | -€1,358 | -53.5% |
| Other amounts payable | 47/48 | €6,997 | €8,922 | +€1,925 | +27.5% |
| Accrued charges and deferred income | 492/3 | €1,468 | - | -€1,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,601 | €3,374 | -€226 | -6.3% |
| Other operating charges | 640/8 | €2,294 | €2,217 | -€76 | -3.3% |
| Gross operating margin | 9900 | -€16,915 | -€12,520 | +€4,394 | +26.0% |
| Operating profit (loss) | 9901 | -€22,809 | -€18,112 | +€4,697 | +20.6% |
| Financial income | 75/76B | €12,932 | €13,358 | +€426 | +3.3% |
| Recurring financial income | 75 | €12,932 | €13,358 | +€426 | +3.3% |
| Financial charges | 65/66B | €2,144 | €538 | -€1,605 | -74.9% |
| Recurring financial charges | 65 | €2,144 | €538 | -€1,605 | -74.9% |
| Non-recurring financial charges | 66B | - | €538 | +€538 | |
| Profit (loss) for the period before taxes | 9903 | -€12,021 | -€5,292 | +€6,728 | +56.0% |
| Income taxes | 67/77 | -€5,080 | €203 | +€5,283 | |
| Profit (loss) for the period | 9904 | -€6,941 | -€5,495 | +€1,445 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,941 | -€5,495 | +€1,445 | +20.8% |
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 22 October 2026 via checked.be.