DESMATIE: 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.
DESMATIE
Largest movements
- Cash +€40,800
up €40,800 (+133%), from €30,653 to €71,453
mainly Net result for the year (+€63,914) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-38.5%), from €65,000 to €40,000
- Receivables within one year -€13,432
down €13,432 (-28.5%), from €47,048 to €33,616
of which Trade receivables: -€32,223
- Deferred charges and accrued income -€4,759
no longer reported in 2025 (was €4,759)
- Reserves +€44,388
up €44,388 (+43.5%), from €101,940 to €146,328
- Trade debts -€24,444
down €24,444 (-55.1%), from €44,383 to €19,939
- Debts after one year -€16,148
down €16,148 (-12.8%), from €126,004 to €109,856
- Tax, wage and social debts -€9,376
down €9,376 (-47.5%), from €19,726 to €10,350
- Gross operating margin +€32,533
up €32,533 (+41.5%), from €78,431 to €110,964
- Taxes +€8,148
up €8,148 (+45.0%), from €18,120 to €26,268
- Depreciation +€2,306
up €2,306 (+14.7%), from €15,654 to €17,960
- Financial income +€1,387
up €1,387 (+67.6%), from €2,053 to €3,440
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 | €315,675 | €310,541 | -€5,134 | -1.6% |
| Fixed assets | 21/28 | €143,215 | €140,472 | -€2,743 | -1.9% |
| Tangible fixed assets | 22/27 | €143,215 | €140,472 | -€2,743 | -1.9% |
| Land and buildings | 22 | €119,944 | €112,748 | -€7,196 | -6.0% |
| Plant, machinery and equipment | 23 | €23,271 | €20,937 | -€2,334 | -10.0% |
| Furniture and vehicles | 24 | - | €6,787 | +€6,787 | |
| Current assets | 29/58 | €172,460 | €170,069 | -€2,391 | -1.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,048 | €33,616 | -€13,432 | -28.5% |
| Trade receivables | 40 | €32,223 | - | -€32,223 | |
| Other amounts receivable | 41 | €14,825 | €33,616 | +€18,791 | +127% |
| Current investments | 50/53 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Cash at bank and in hand | 54/58 | €30,653 | €71,453 | +€40,800 | +133% |
| Deferred charges and accrued income | 490/1 | €4,759 | - | -€4,759 | |
| Total equity and liabilities | 10/49 | €315,675 | €310,541 | -€5,134 | -1.6% |
| Equity | 10/15 | €101,940 | €146,328 | +€44,388 | +43.5% |
| Reserves | 13 | €101,940 | €146,328 | +€44,388 | +43.5% |
| Distributable reserves | 133 | €101,940 | €146,328 | +€44,388 | +43.5% |
| Amounts payable | 17/49 | €213,735 | €164,213 | -€49,522 | -23.2% |
| Amounts payable after more than one year | 17 | €126,004 | €109,856 | -€16,148 | -12.8% |
| Financial debts | 170/4 | €126,004 | €109,856 | -€16,148 | -12.8% |
| Amounts payable within one year | 42/48 | €83,411 | €51,786 | -€31,625 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €16,262 | €16,148 | -€114 | -0.7% |
| Trade debts | 44 | €44,383 | €19,939 | -€24,444 | -55.1% |
| Suppliers | 440/4 | €44,383 | €19,939 | -€24,444 | -55.1% |
| Taxes, remuneration and social security | 45 | €19,726 | €10,350 | -€9,376 | -47.5% |
| Taxes | 450/3 | €19,726 | €10,350 | -€9,376 | -47.5% |
| Other amounts payable | 47/48 | €3,040 | €5,349 | +€2,309 | +76.0% |
| Accrued charges and deferred income | 492/3 | €4,320 | €2,571 | -€1,749 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,654 | €17,960 | +€2,306 | +14.7% |
| Other operating charges | 640/8 | €2,896 | €3,032 | +€136 | +4.7% |
| Gross operating margin | 9900 | €78,431 | €110,964 | +€32,533 | +41.5% |
| Operating profit (loss) | 9901 | €59,881 | €89,972 | +€30,091 | +50.3% |
| Financial income | 75/76B | €2,053 | €3,440 | +€1,387 | +67.6% |
| Recurring financial income | 75 | €2,053 | €3,440 | +€1,387 | +67.6% |
| Financial charges | 65/66B | €3,588 | €3,230 | -€358 | -10.0% |
| Recurring financial charges | 65 | €3,588 | €3,230 | -€358 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €58,346 | €90,182 | +€31,836 | +54.6% |
| Income taxes | 67/77 | €18,120 | €26,268 | +€8,148 | +45.0% |
| Profit (loss) for the period | 9904 | €40,226 | €63,914 | +€23,688 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,226 | €63,914 | +€23,688 | +58.9% |
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 18 October 2026 via checked.be.