DESMECOM: 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
DESMECOM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€145,355
2024 · €152,598-€7,244
Equity
€1.1m
2024 · €1.0m+€41,355
Cash
€139,851
2024 · €145,087-€5,235
Balance sheet total
€1.5m
2024 · €1.6m-€38,187
Largest movements
Assets
- Tangible fixed assets -€38,936
down €38,936 (-2.9%), from €1.3m to €1.3m
of which Land and buildings: -€40,406
Equity and liabilities
- Debts after one year -€74,764
down €74,764 (-14.8%), from €506,229 to €431,465
of which Financial debts: -€75,000
- Reserves +€41,000
up €41,000 (+4.3%), from €960,717 to €1.0m
of which Distributable reserves: +€41,000
Income statement
- Gross operating margin -€8,811
down €8,811 (-2.8%), from €314,791 to €305,980
- Taxes -€3,401
down €3,401 (-5.3%), from €64,466 to €61,065
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
€152,598
Gross operating margin
-€8,811
Depreciation
-€2,530
Other operating charges
-€660
Financial income
+€350
Financial charges
+€1,006
Taxes
+€3,401
Result 2025
€145,355
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.
From operations
+€203,711
Investment
-€30,183
Financing
-€178,764
Cash 2024
€145,087
From operations (derived)
+€203,711
Net result for the year
+€145,355
Depreciation
+€68,883
Receivables within one year
+€129
Deferred charges and accrued income
-€5,878
Trade debts
+€2,407
Tax, wage and social debts
-€3,779
Other debts
-€2,687
Accrued charges and deferred income
-€718
Investment (derived)
-€30,183
Investment in fixed assets (net)
-€30,183
Financing
-€178,764
Debts after one year
-€74,764
Contributions, distributions and other
-€104,000
Cash 2025
€139,851
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,572,884 | €1,534,697 | -€38,187 | -2.4% |
| Fixed assets | 21/28 | €1,404,003 | €1,365,302 | -€38,700 | -2.8% |
| Tangible fixed assets | 22/27 | €1,347,774 | €1,308,837 | -€38,936 | -2.9% |
| Land and buildings | 22 | €1,347,774 | €1,307,368 | -€40,406 | -3.0% |
| Plant, machinery and equipment | 23 | - | €1,469 | +€1,469 | |
| Financial fixed assets | 28 | €56,229 | €56,465 | +€236 | +0.4% |
| Current assets | 29/58 | €168,881 | €169,395 | +€514 | +0.3% |
| Amounts receivable within one year | 40/41 | €18,288 | €18,159 | -€129 | -0.7% |
| Trade receivables | 40 | €18,288 | €18,159 | -€129 | -0.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €145,087 | €139,851 | -€5,235 | -3.6% |
| Deferred charges and accrued income | 490/1 | €5,506 | €11,384 | +€5,878 | +106.8% |
| Total equity and liabilities | 10/49 | €1,572,884 | €1,534,697 | -€38,187 | -2.4% |
| Equity | 10/15 | €1,039,014 | €1,080,369 | +€41,355 | +4.0% |
| Contributions | 10/11 | €77,169 | €77,169 | = | 0.0% |
| Reserves | 13 | €960,717 | €1,001,717 | +€41,000 | +4.3% |
| Non-distributable reserves | 130/1 | €7,717 | €7,717 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,717 | €7,717 | = | 0.0% |
| Distributable reserves | 133 | €953,000 | €994,000 | +€41,000 | +4.3% |
| Profit (loss) carried forward | 14 | €1,129 | €1,483 | +€355 | +31.4% |
| Amounts payable | 17/49 | €533,870 | €454,328 | -€79,541 | -14.9% |
| Amounts payable after more than one year | 17 | €506,229 | €431,465 | -€74,764 | -14.8% |
| Financial debts | 170/4 | €450,000 | €375,000 | -€75,000 | -16.7% |
| Other amounts payable | 178/9 | €56,229 | €56,465 | +€236 | +0.4% |
| Amounts payable within one year | 42/48 | €22,122 | €18,063 | -€4,059 | -18.3% |
| Trade debts | 44 | €1,305 | €3,712 | +€2,407 | +184.4% |
| Suppliers | 440/4 | €1,305 | €3,712 | +€2,407 | +184.4% |
| Taxes, remuneration and social security | 45 | €8,164 | €4,385 | -€3,779 | -46.3% |
| Taxes | 450/3 | €8,164 | €4,385 | -€3,779 | -46.3% |
| Other amounts payable | 47/48 | €12,653 | €9,966 | -€2,687 | -21.2% |
| Accrued charges and deferred income | 492/3 | €5,518 | €4,800 | -€718 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,353 | €68,883 | +€2,530 | +3.8% |
| Other operating charges | 640/8 | €21,368 | €22,028 | +€660 | +3.1% |
| Gross operating margin | 9900 | €314,791 | €305,980 | -€8,811 | -2.8% |
| Operating profit (loss) | 9901 | €227,071 | €215,069 | -€12,001 | -5.3% |
| Financial income | 75/76B | - | €350 | +€350 | |
| Recurring financial income | 75 | - | €350 | +€350 | |
| Financial charges | 65/66B | €10,006 | €9,000 | -€1,006 | -10.1% |
| Recurring financial charges | 65 | €10,006 | €9,000 | -€1,006 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €217,064 | €206,420 | -€10,645 | -4.9% |
| Income taxes | 67/77 | €64,466 | €61,065 | -€3,401 | -5.3% |
| Profit (loss) for the period | 9904 | €152,598 | €145,355 | -€7,244 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,598 | €145,355 | -€7,244 | -4.7% |
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 10 October 2026 via checked.be.