DESMA HOLDING: 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.
What changed
DESMA HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.1m+€51,761
Equity
€18.4m
2024 · €16.9m+€1.5m
Cash
€4.8m
2024 · €2.9m+€1.9m
Balance sheet total
€19.9m
2024 · €18.4m+€1.5m
Largest movements
Assets
- Cash +€1.9m
up €1.9m (+66.5%), from €2.9m to €4.8m
mainly Net result for the year (+€2.2m) and Current investments (+€500,000)
- Current investments -€500,000
down €500,000 (-25.0%), from €2.0m to €1.5m
Equity and liabilities
- Profit (loss) carried forward +€1.5m
up €1.5m (+15.2%), from €9.6m to €11.1m
Income statement
- Turnover +€36,428
up €36,428 (+3.5%), from €1.0m to €1.1m
- Financial income +€16,165
up €16,165 (+0.9%), from €1.8m to €1.8m
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.
Result 2024
€2.1m
Turnover
+€36,428
Goods and materials
-€123
Services and other goods
-€7,142
Staff costs
+€8,214
Other operating charges
-€310
Financial income
+€16,165
Financial charges
-€1,120
Taxes
-€352
Result 2025
€2.2m
raises the resultlowers the result
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.
From operations
+€2.1m
Investment
+€500,000
Financing
-€688,977
Cash 2024
€2.9m
From operations (derived)
+€2.1m
Net result for the year
+€2.2m
Receivables after one year
+€63,730
Receivables within one year
-€108,387
Deferred charges and accrued income
-€40,183
Smaller working-capital items
+€5,301
Investment (derived)
+€500,000
Current investments
+€500,000
Financing
-€688,977
Debts after one year
+€23,808
Contributions, distributions and other
-€712,785
Cash 2025
€4.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,429,993 | €19,923,518 | +€1.5m | +8.1% |
| Fixed assets | 21/28 | €8,266,830 | €8,266,830 | = | 0.0% |
| Financial fixed assets | 28 | €8,266,830 | €8,266,830 | = | 0.0% |
| Affiliated companies | 280/1 | €8,266,830 | €8,266,830 | = | 0.0% |
| Participating interests | 280 | €8,266,830 | €8,266,830 | = | 0.0% |
| Current assets | 29/58 | €10,163,163 | €11,656,688 | +€1.5m | +14.7% |
| Amounts receivable after more than one year | 29 | €4,670,382 | €4,606,652 | -€63,730 | -1.4% |
| Other amounts receivable | 291 | €4,670,382 | €4,606,652 | -€63,730 | -1.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €90,501 | €198,889 | +€108,387 | +120% |
| Trade receivables | 40 | €83,949 | €197,635 | +€113,686 | +135% |
| Other amounts receivable | 41 | €6,553 | €1,254 | -€5,299 | -80.9% |
| Current investments | 50/53 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Other investments | 51/53 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €2,871,121 | €4,779,804 | +€1.9m | +66.5% |
| Deferred charges and accrued income | 490/1 | €531,160 | €571,343 | +€40,183 | +7.6% |
| Total equity and liabilities | 10/49 | €18,429,993 | €19,923,518 | +€1.5m | +8.1% |
| Equity | 10/15 | €16,912,830 | €18,377,246 | +€1.5m | +8.7% |
| Contributions | 10/11 | €6,621,132 | €6,621,132 | = | 0.0% |
| Capital | 10 | €6,621,132 | €6,621,132 | = | 0.0% |
| Issued capital | 100 | €6,621,132 | €6,621,132 | = | 0.0% |
| Reserves | 13 | €662,113 | €662,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €662,113 | €662,113 | = | 0.0% |
| Legal reserve | 130 | €662,113 | €662,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,629,585 | €11,094,001 | +€1.5m | +15.2% |
| Amounts payable | 17/49 | €1,517,163 | €1,546,272 | +€29,109 | +1.9% |
| Amounts payable after more than one year | 17 | €698,105 | €721,913 | +€23,808 | +3.4% |
| Financial debts | 170/4 | €698,105 | €721,913 | +€23,808 | +3.4% |
| Other loans | 174 | €698,105 | €721,913 | +€23,808 | +3.4% |
| Amounts payable within one year | 42/48 | €771,257 | €775,880 | +€4,623 | +0.6% |
| Trade debts | 44 | €1,166 | €1,065 | -€101 | -8.6% |
| Suppliers | 440/4 | €1,166 | €1,065 | -€101 | -8.6% |
| Taxes, remuneration and social security | 45 | €57,306 | €62,030 | +€4,724 | +8.2% |
| Taxes | 450/3 | €41,431 | €45,794 | +€4,363 | +10.5% |
| Remuneration and social security | 454/9 | €15,875 | €16,236 | +€360 | +2.3% |
| Other amounts payable | 47/48 | €712,785 | €712,785 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,801 | €48,479 | +€678 | +1.4% |
| Operating income | 70/76A | €1,040,812 | €1,077,240 | +€36,428 | +3.5% |
| Turnover | 70 | €1,040,812 | €1,077,240 | +€36,428 | +3.5% |
| Operating charges | 60/66A | €534,556 | €533,917 | -€639 | -0.1% |
| Goods for resale, raw materials and consumables | 60 | €134,572 | €134,696 | +€123 | +0.1% |
| Purchases | 600/8 | €134,572 | €134,696 | +€123 | +0.1% |
| Services and other goods | 61 | €245,356 | €252,498 | +€7,142 | +2.9% |
| Remuneration, social security and pensions | 62 | €153,181 | €144,967 | -€8,214 | -5.4% |
| Other operating charges | 640/8 | €1,446 | €1,756 | +€310 | +21.4% |
| Operating profit (loss) | 9901 | €506,256 | €543,324 | +€37,068 | +7.3% |
| Financial income | 75/76B | €1,767,218 | €1,783,383 | +€16,165 | +0.9% |
| Recurring financial income | 75 | €1,767,218 | €1,783,383 | +€16,165 | +0.9% |
| Income from financial fixed assets | 750 | €1,641,714 | €1,691,471 | +€49,757 | +3.0% |
| Income from current assets | 751 | €125,504 | €91,912 | -€33,592 | -26.8% |
| Financial charges | 65/66B | €35,628 | €36,748 | +€1,120 | +3.1% |
| Recurring financial charges | 65 | €35,628 | €36,748 | +€1,120 | +3.1% |
| Debt charges | 650 | €34,377 | €35,345 | +€968 | +2.8% |
| Other financial charges | 652/9 | €1,251 | €1,403 | +€151 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €2,237,846 | €2,289,959 | +€52,113 | +2.3% |
| Income taxes | 67/77 | €112,406 | €112,758 | +€352 | +0.3% |
| Taxes | 670/3 | €112,406 | €112,758 | +€352 | +0.3% |
| Profit (loss) for the period | 9904 | €2,125,440 | €2,177,201 | +€51,761 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,125,440 | €2,177,201 | +€51,761 | +2.4% |
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 24 October 2026 via checked.be.