DESIRO: 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.
DESIRO
Largest movements
- Cash +€187,358
up €187,358 (+108%), from €173,242 to €360,600
mainly Net result for the year (+€235,755) and Depreciation (+€8,948)
- Tangible fixed assets -€8,948
down €8,948 (-4.2%), from €210,579 to €201,630
of which Furniture and vehicles: -€7,437
- Reserves +€235,755
up €235,755 (+71.2%), from €331,057 to €566,812
- Other debts -€73,599
down €73,599 (-29.0%), from €253,791 to €180,192
- Gross operating margin +€106,667
up €106,667 (+203%), from €52,654 to €159,321
- Taxes +€35,217
up €35,217 (+132%), from €26,642 to €61,859
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 | €655,367 | €828,397 | +€173,030 | +26.4% |
| Fixed assets | 21/28 | €460,579 | €451,630 | -€8,948 | -1.9% |
| Tangible fixed assets | 22/27 | €210,579 | €201,630 | -€8,948 | -4.2% |
| Land and buildings | 22 | €180,913 | €179,401 | -€1,512 | -0.8% |
| Furniture and vehicles | 24 | €29,666 | €22,229 | -€7,437 | -25.1% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €194,788 | €376,766 | +€181,978 | +93.4% |
| Amounts receivable within one year | 40/41 | €20,574 | €13,556 | -€7,018 | -34.1% |
| Trade receivables | 40 | €17,424 | €13,552 | -€3,872 | -22.2% |
| Other amounts receivable | 41 | €3,150 | €4 | -€3,146 | -99.9% |
| Cash at bank and in hand | 54/58 | €173,242 | €360,600 | +€187,358 | +108% |
| Deferred charges and accrued income | 490/1 | €972 | €2,610 | +€1,637 | +168% |
| Total equity and liabilities | 10/49 | €655,367 | €828,397 | +€173,030 | +26.4% |
| Equity | 10/15 | €393,057 | €628,812 | +€235,755 | +60.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €331,057 | €566,812 | +€235,755 | +71.2% |
| Distributable reserves | 133 | €331,057 | €566,812 | +€235,755 | +71.2% |
| Amounts payable | 17/49 | €262,310 | €199,585 | -€62,726 | -23.9% |
| Amounts payable within one year | 42/48 | €262,310 | €199,585 | -€62,726 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,500 | = | 0.0% |
| Trade debts | 44 | €335 | €3,042 | +€2,707 | +808% |
| Suppliers | 440/4 | €335 | €3,042 | +€2,707 | +808% |
| Taxes, remuneration and social security | 45 | €6,685 | €14,851 | +€8,166 | +122% |
| Taxes | 450/3 | €6,685 | €14,851 | +€8,166 | +122% |
| Other amounts payable | 47/48 | €253,791 | €180,192 | -€73,599 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,510 | €8,948 | -€1,561 | -14.9% |
| Other operating charges | 640/8 | €3,665 | €2,602 | -€1,063 | -29.0% |
| Gross operating margin | 9900 | €52,654 | €159,321 | +€106,667 | +203% |
| Operating profit (loss) | 9901 | €38,479 | €147,770 | +€109,291 | +284% |
| Financial income | 75/76B | €150,000 | €150,000 | +€0 | 0.0% |
| Recurring financial income | 75 | €150,000 | €150,000 | +€0 | 0.0% |
| Financial charges | 65/66B | €259 | €156 | -€103 | -39.8% |
| Recurring financial charges | 65 | €259 | €156 | -€103 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €188,220 | €297,615 | +€109,395 | +58.1% |
| Income taxes | 67/77 | €26,642 | €61,859 | +€35,217 | +132% |
| Profit (loss) for the period | 9904 | €161,578 | €235,755 | +€74,178 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €161,578 | €235,755 | +€74,178 | +45.9% |
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 1 November 2026 via checked.be.