DESMEDT: 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.
DESMEDT
Largest movements
- Cash +€9,620
up €9,620 (+33.9%), from €28,406 to €38,026
mainly Net result for the year (+€15,768) and Tax, wage and social debts (+€4,069)
- Receivables within one year -€3,396
down €3,396 (-19.5%), from €17,422 to €14,025
of which Other amounts receivable: -€9,916
- Tangible fixed assets -€1,504
down €1,504 (-3.6%), from €41,444 to €39,940
of which Land and buildings: -€1,110
- Debts after one year -€5,034
down €5,034 (-27.2%), from €18,495 to €13,460
- Tax, wage and social debts +€4,069
up €4,069 (+48.4%), from €8,412 to €12,482
of which Taxes: +€6,729
- Other debts +€3,000
up €3,000 (+50.0%), from €6,000 to €9,000
- Reserves +€2,911
up €2,911 (+4.1%), from €71,839 to €74,749
of which Distributable reserves: +€2,911
- Staff costs -€15,169
down €15,169 (-96.9%), from €15,654 to €485
- Taxes +€6,174
up €6,174 (+922%), from €670 to €6,844
- Gross operating margin +€6,071
up €6,071 (+25.6%), from €23,715 to €29,786
- Financial income +€414
up €414 (+253%), from €164 to €578
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 | €141,401 | €145,938 | +€4,537 | +3.2% |
| Fixed assets | 21/28 | €41,664 | €40,160 | -€1,504 | -3.6% |
| Tangible fixed assets | 22/27 | €41,444 | €39,940 | -€1,504 | -3.6% |
| Land and buildings | 22 | €40,839 | €39,729 | -€1,110 | -2.7% |
| Furniture and vehicles | 24 | €605 | €211 | -€394 | -65.1% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €99,737 | €105,778 | +€6,042 | +6.1% |
| Amounts receivable within one year | 40/41 | €17,422 | €14,025 | -€3,396 | -19.5% |
| Trade receivables | 40 | €6,926 | €13,446 | +€6,520 | +94.1% |
| Other amounts receivable | 41 | €10,495 | €579 | -€9,916 | -94.5% |
| Current investments | 50/53 | €51,653 | €51,653 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,406 | €38,026 | +€9,620 | +33.9% |
| Deferred charges and accrued income | 490/1 | €2,256 | €2,074 | -€182 | -8.1% |
| Total equity and liabilities | 10/49 | €141,401 | €145,938 | +€4,537 | +3.2% |
| Equity | 10/15 | €90,439 | €93,349 | +€2,911 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,839 | €74,749 | +€2,911 | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €41,979 | €44,889 | +€2,911 | +6.9% |
| Amounts payable | 17/49 | €50,962 | €52,589 | +€1,627 | +3.2% |
| Amounts payable after more than one year | 17 | €18,495 | €13,460 | -€5,034 | -27.2% |
| Financial debts | 170/4 | €18,495 | €13,460 | -€5,034 | -27.2% |
| Amounts payable within one year | 42/48 | €32,467 | €39,129 | +€6,661 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €4,939 | €5,034 | +€95 | +1.9% |
| Trade debts | 44 | €13,116 | €12,612 | -€504 | -3.8% |
| Suppliers | 440/4 | €13,116 | €12,612 | -€504 | -3.8% |
| Taxes, remuneration and social security | 45 | €8,412 | €12,482 | +€4,069 | +48.4% |
| Taxes | 450/3 | €2,571 | €9,301 | +€6,729 | +262% |
| Remuneration and social security | 454/9 | €5,841 | €3,181 | -€2,660 | -45.5% |
| Other amounts payable | 47/48 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Remuneration, social security and pensions | 62 | €15,654 | €485 | -€15,169 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,504 | = | 0.0% |
| Other operating charges | 640/8 | €2,706 | €2,703 | -€3 | -0.1% |
| Gross operating margin | 9900 | €23,715 | €29,786 | +€6,071 | +25.6% |
| Operating profit (loss) | 9901 | €3,851 | €25,093 | +€21,243 | +552% |
| Financial income | 75/76B | €164 | €578 | +€414 | +253% |
| Recurring financial income | 75 | €164 | €578 | +€414 | +253% |
| Financial charges | 65/66B | €3,260 | €3,060 | -€200 | -6.1% |
| Recurring financial charges | 65 | €3,260 | €3,060 | -€200 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €754 | €22,611 | +€21,857 | +2,897% |
| Income taxes | 67/77 | €670 | €6,844 | +€6,174 | +922% |
| Profit (loss) for the period | 9904 | €85 | €15,768 | +€15,683 | +18,505% |
| Profit (loss) for the period to be appropriated | 9905 | €85 | €15,768 | +€15,683 | +18,505% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.