Desmaretz Jan: what changed
Two fiscal 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.
Desmaretz Jan
Largest movements
- Cash +€137,878
up €137,878 (+308.5%), from €44,693 to €182,571
mainly Net result for the year (+€174,572) and Tax, wage and social debts (+€73,935)
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets +€95,691
up €95,691 (+7947.5%), from €1,204 to €96,895
of which Furniture and vehicles: +€94,650
- Receivables within one year -€22,325
down €22,325 (-96.0%), from €23,263 to €938
of which Trade receivables: -€23,263
- Reserves +€174,572
up €174,572 (+423.8%), from €41,192 to €215,764
- Tax, wage and social debts +€73,935
up €73,935 (+359.3%), from €20,580 to €94,515
- Debts after one year +€54,889
new in 2025: €54,889
- Current portion of long-term debt +€14,285
new in 2025: €14,285
- Other debts -€4,275
down €4,275 (-100.0%), from €4,275 to €0
- Gross operating margin +€186,104
up €186,104 (+339.8%), from €54,769 to €240,873
- Taxes +€41,563
up €41,563 (+391.7%), from €10,611 to €52,174
- Depreciation +€9,582
up €9,582 (+408.1%), from €2,348 to €11,930
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.
Cash bridge derived
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 | €73,790 | €384,750 | +€310,960 | +421.4% |
| Formation expenses | 20 | €648 | €0 | -€648 | -100.0% |
| Fixed assets | 21/28 | €2,704 | €97,315 | +€94,611 | +3498.9% |
| Tangible fixed assets | 22/27 | €1,204 | €96,895 | +€95,691 | +7947.5% |
| Plant, machinery and equipment | 23 | €1,204 | €2,245 | +€1,041 | +86.4% |
| Furniture and vehicles | 24 | - | €94,650 | +€94,650 | |
| Financial fixed assets | 28 | €1,500 | €420 | -€1,080 | -72.0% |
| Current assets | 29/58 | €70,438 | €287,435 | +€216,997 | +308.1% |
| Amounts receivable within one year | 40/41 | €23,263 | €938 | -€22,325 | -96.0% |
| Trade receivables | 40 | €23,263 | €0 | -€23,263 | -100.0% |
| Other amounts receivable | 41 | - | €938 | +€938 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €44,693 | €182,571 | +€137,878 | +308.5% |
| Deferred charges and accrued income | 490/1 | €2,482 | €3,926 | +€1,444 | +58.2% |
| Total equity and liabilities | 10/49 | €73,790 | €384,750 | +€310,960 | +421.4% |
| Equity | 10/15 | €43,692 | €218,264 | +€174,572 | +399.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,192 | €215,764 | +€174,572 | +423.8% |
| Distributable reserves | 133 | €41,192 | €215,764 | +€174,572 | +423.8% |
| Amounts payable | 17/49 | €30,098 | €166,486 | +€136,388 | +453.1% |
| Amounts payable after more than one year | 17 | - | €54,889 | +€54,889 | |
| Financial debts | 170/4 | - | €54,889 | +€54,889 | |
| Amounts payable within one year | 42/48 | €30,098 | €111,597 | +€81,499 | +270.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,285 | +€14,285 | |
| Trade debts | 44 | €5,243 | €2,797 | -€2,446 | -46.6% |
| Suppliers | 440/4 | €5,243 | €2,797 | -€2,446 | -46.6% |
| Taxes, remuneration and social security | 45 | €20,580 | €94,515 | +€73,935 | +359.3% |
| Taxes | 450/3 | €20,580 | €94,515 | +€73,935 | +359.3% |
| Other amounts payable | 47/48 | €4,275 | €0 | -€4,275 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,348 | €11,930 | +€9,582 | +408.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €54,769 | €240,873 | +€186,104 | +339.8% |
| Operating profit (loss) | 9901 | €52,421 | €228,823 | +€176,402 | +336.5% |
| Financial income | 75/76B | - | €173 | +€173 | |
| Recurring financial income | 75 | - | €173 | +€173 | |
| Financial charges | 65/66B | €617 | €2,250 | +€1,633 | +264.4% |
| Recurring financial charges | 65 | €617 | €2,250 | +€1,633 | +264.4% |
| Profit (loss) for the period before taxes | 9903 | €51,804 | €226,746 | +€174,942 | +337.7% |
| Income taxes | 67/77 | €10,611 | €52,174 | +€41,563 | +391.7% |
| Profit (loss) for the period | 9904 | €41,192 | €174,572 | +€133,379 | +323.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,192 | €174,572 | +€133,379 | +323.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.