DESA: what changed
DESA
Largest movements
- Tangible fixed assets -€10,602
down €10,602 (-11.4%), from €92,761 to €82,159
- Cash +€7,129
up €7,129 (+40.4%), from €17,624 to €24,753
mainly Depreciation (+€10,602)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€1,408
up €1,408 (+15.3%), from €9,194 to €10,602
- Gross operating margin +€973
up €973 (+6.8%), from €14,281 to €15,254
- Other operating charges +€325
up €325 (+6.2%), from €5,210 to €5,535
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 | €113,170 | €111,246 | -€1,924 | -1.7% |
| Fixed assets | 21/28 | €92,779 | €82,177 | -€10,602 | -11.4% |
| Tangible fixed assets | 22/27 | €92,761 | €82,159 | -€10,602 | -11.4% |
| Land and buildings | 22 | €92,761 | €82,159 | -€10,602 | -11.4% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €20,391 | €29,070 | +€8,679 | +42.6% |
| Amounts receivable within one year | 40/41 | €11 | €1,040 | +€1,029 | +9,113% |
| Other amounts receivable | 41 | €11 | €1,040 | +€1,029 | +9,113% |
| Cash at bank and in hand | 54/58 | €17,624 | €24,753 | +€7,129 | +40.4% |
| Deferred charges and accrued income | 490/1 | €2,755 | €3,276 | +€521 | +18.9% |
| Total equity and liabilities | 10/49 | €113,170 | €111,246 | -€1,924 | -1.7% |
| Equity | 10/15 | €86,616 | €85,751 | -€865 | -1.0% |
| Contributions | 10/11 | €49,303 | €49,303 | = | 0.0% |
| Reserves | 13 | €39,459 | €39,459 | = | 0.0% |
| Distributable reserves | 133 | €39,459 | €39,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,146 | -€3,010 | -€865 | -40.3% |
| Amounts payable | 17/49 | €26,554 | €25,495 | -€1,059 | -4.0% |
| Amounts payable within one year | 42/48 | €22,263 | €22,180 | -€84 | -0.4% |
| Trade debts | 44 | €1,357 | €1,274 | -€84 | -6.2% |
| Suppliers | 440/4 | €1,357 | €1,274 | -€84 | -6.2% |
| Other amounts payable | 47/48 | €20,906 | €20,906 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,291 | €3,316 | -€975 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,194 | €10,602 | +€1,408 | +15.3% |
| Other operating charges | 640/8 | €5,210 | €5,535 | +€325 | +6.2% |
| Gross operating margin | 9900 | €14,281 | €15,254 | +€973 | +6.8% |
| Operating profit (loss) | 9901 | -€123 | -€883 | -€760 | -618% |
| Financial income | 75/76B | €44 | €96 | +€53 | +121% |
| Recurring financial income | 75 | €44 | €96 | +€53 | +121% |
| Financial charges | 65/66B | €71 | €79 | +€8 | +11.0% |
| Recurring financial charges | 65 | €71 | €79 | +€8 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€150 | -€865 | -€715 | -476% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€150 | -€865 | -€715 | -476% |
| Profit (loss) for the period to be appropriated | 9905 | -€150 | -€865 | -€715 | -476% |
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 4 November 2026 via checked.be.