Desender - Desmedt: what changed
What changed
Desender - Desmedt
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€66,088
2024 · €93,612-€27,524
Equity
€886,705
2024 · €820,617+€66,088
Cash
€324,688
2024 · €124,889+€199,799
Balance sheet total
€1.6m
2024 · €1.5m+€70,080
Largest movements
Assets
- Cash +€199,799
up €199,799 (+160%), from €124,889 to €324,688
mainly Receivables within one year (+€85,052) and Net result for the year (+€66,088)
- Receivables within one year -€85,052
down €85,052 (-26.3%), from €323,504 to €238,453
of which Trade receivables: -€87,052
- Stocks and contracts -€44,647
down €44,647 (-6.4%), from €699,986 to €655,338
Equity and liabilities
- Reserves +€66,088
up €66,088 (+8.9%), from €740,617 to €806,705
of which Distributable reserves: +€66,088
- Advances received +€57,517
up €57,517 (+111%), from €51,679 to €109,196
- Debts after one year -€34,162
down €34,162 (-12.0%), from €284,392 to €250,230
- Current portion of long-term debt -€26,672
down €26,672 (-37.1%), from €71,976 to €45,304
- Trade debts +€24,925
up €24,925 (+28.3%), from €88,217 to €113,142
Income statement
- Gross operating margin -€46,321
down €46,321 (-6.3%), from €737,565 to €691,243
- Taxes -€12,934
down €12,934 (-31.7%), from €40,839 to €27,905
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.
Result 2024
€93,612
Gross operating margin
-€46,321
Staff costs
+€7,121
Depreciation
+€2,169
Other operating charges
+€524
Financial income
+€2,500
Financial charges
-€6,451
Taxes
+€12,934
Result 2025
€66,088
raises the resultlowers the result
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.
From operations
+€297,133
Investment
-€36,499
Financing
-€60,834
Cash 2024
€124,889
From operations (derived)
+€297,133
Net result for the year
+€66,088
Depreciation
+€36,520
Stocks and contracts
+€44,647
Receivables within one year
+€85,052
Trade debts
+€24,925
Tax, wage and social debts
+€1,640
Advances received
+€57,517
Other debts
-€18,844
Accrued charges and deferred income
-€413
Investment (derived)
-€36,499
Investment in fixed assets (net)
-€36,499
Financing
-€60,834
Debts after one year
-€34,162
Current portion of long-term debt
-€26,672
Cash 2025
€324,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,494,021 | €1,564,101 | +€70,080 | +4.7% |
| Fixed assets | 21/28 | €345,642 | €345,622 | -€21 | 0.0% |
| Tangible fixed assets | 22/27 | €337,870 | €337,849 | -€21 | 0.0% |
| Land and buildings | 22 | €305,772 | €318,353 | +€12,581 | +4.1% |
| Plant, machinery and equipment | 23 | €4,937 | €3,029 | -€1,908 | -38.6% |
| Furniture and vehicles | 24 | €27,161 | €16,467 | -€10,694 | -39.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €7,773 | €7,773 | = | 0.0% |
| Current assets | 29/58 | €1,148,379 | €1,218,479 | +€70,100 | +6.1% |
| Stocks and contracts in progress | 3 | €699,986 | €655,338 | -€44,647 | -6.4% |
| Stocks | 30/36 | €699,986 | €655,338 | -€44,647 | -6.4% |
| Amounts receivable within one year | 40/41 | €323,504 | €238,453 | -€85,052 | -26.3% |
| Trade receivables | 40 | €283,680 | €196,628 | -€87,052 | -30.7% |
| Other amounts receivable | 41 | €39,825 | €41,825 | +€2,000 | +5.0% |
| Cash at bank and in hand | 54/58 | €124,889 | €324,688 | +€199,799 | +160% |
| Total equity and liabilities | 10/49 | €1,494,021 | €1,564,101 | +€70,080 | +4.7% |
| Equity | 10/15 | €820,617 | €886,705 | +€66,088 | +8.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €740,617 | €806,705 | +€66,088 | +8.9% |
| Non-distributable reserves | 130/1 | €7,958 | €7,958 | = | 0.0% |
| Legal reserve | 130 | €7,958 | €7,958 | = | 0.0% |
| Distributable reserves | 133 | €732,659 | €798,747 | +€66,088 | +9.0% |
| Provisions and deferred taxes | 16 | €83,735 | €83,735 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €83,735 | €83,735 | = | 0.0% |
| Other liabilities and charges | 164/5 | €83,735 | €83,735 | = | 0.0% |
| Amounts payable | 17/49 | €589,669 | €593,661 | +€3,992 | +0.7% |
| Amounts payable after more than one year | 17 | €284,392 | €250,230 | -€34,162 | -12.0% |
| Financial debts | 170/4 | €284,392 | €250,230 | -€34,162 | -12.0% |
| Amounts payable within one year | 42/48 | €293,999 | €332,566 | +€38,567 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €71,976 | €45,304 | -€26,672 | -37.1% |
| Trade debts | 44 | €88,217 | €113,142 | +€24,925 | +28.3% |
| Suppliers | 440/4 | €88,217 | €113,142 | +€24,925 | +28.3% |
| Advances received on contracts in progress | 46 | €51,679 | €109,196 | +€57,517 | +111% |
| Taxes, remuneration and social security | 45 | €49,974 | €51,614 | +€1,640 | +3.3% |
| Taxes | 450/3 | €8,301 | €13,662 | +€5,361 | +64.6% |
| Remuneration and social security | 454/9 | €41,672 | €37,952 | -€3,720 | -8.9% |
| Other amounts payable | 47/48 | €32,154 | €13,310 | -€18,844 | -58.6% |
| Accrued charges and deferred income | 492/3 | €11,278 | €10,865 | -€413 | -3.7% |
| Remuneration, social security and pensions | 62 | €538,868 | €531,748 | -€7,121 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,688 | €36,520 | -€2,169 | -5.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,650 | €6,126 | -€524 | -7.9% |
| Gross operating margin | 9900 | €737,565 | €691,243 | -€46,321 | -6.3% |
| Operating profit (loss) | 9901 | €153,359 | €116,851 | -€36,508 | -23.8% |
| Financial income | 75/76B | €7,842 | €10,342 | +€2,500 | +31.9% |
| Recurring financial income | 75 | €7,842 | €10,342 | +€2,500 | +31.9% |
| Financial charges | 65/66B | €26,750 | €33,200 | +€6,451 | +24.1% |
| Recurring financial charges | 65 | €26,750 | €33,200 | +€6,451 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €134,450 | €93,992 | -€40,458 | -30.1% |
| Income taxes | 67/77 | €40,839 | €27,905 | -€12,934 | -31.7% |
| Profit (loss) for the period | 9904 | €93,612 | €66,088 | -€27,524 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,612 | €66,088 | -€27,524 | -29.4% |
Next steps
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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 3 November 2026 via checked.be.