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 -€63,080
down €63,080 (-80.4%), from €78,493 to €15,414
mainly Current investments (-€50,000) and Receivables within one year (-€17,315)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€17,315
up €17,315 (+52.7%), from €32,879 to €50,194
of which Trade receivables: +€17,313
- Tangible fixed assets -€14,121
down €14,121 (-36.1%), from €39,113 to €24,992
of which Furniture and vehicles: -€9,134
- Receivables after one year -€6,079
down €6,079 (-6.0%), from €101,197 to €95,118
- Reserves +€12,737
up €12,737 (+6.8%), from €186,097 to €198,834
- Other debts -€12,414
no longer reported in 2025 (was €12,414)
- Debts after one year -€7,874
down €7,874 (-40.3%), from €19,552 to €11,679
- Tax, wage and social debts -€6,400
down €6,400 (-58.0%), from €11,037 to €4,637
- Turnover +€123,865
new in 2025: €123,865
- Purchases and services +€95,107
new in 2025: €95,107
- Gross operating margin -€46,777
down €46,777 (-59.7%), from €78,319 to €31,542
- Taxes -€11,722
down €11,722 (-64.7%), from €18,124 to €6,402
- Depreciation -€3,193
down €3,193 (-18.4%), from €17,314 to €14,121
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 | €254,677 | €239,708 | -€14,968 | -5.9% |
| Fixed assets | 21/28 | €39,113 | €24,992 | -€14,121 | -36.1% |
| Tangible fixed assets | 22/27 | €39,113 | €24,992 | -€14,121 | -36.1% |
| Furniture and vehicles | 24 | €30,281 | €21,147 | -€9,134 | -30.2% |
| Other tangible fixed assets | 26 | €8,832 | €3,845 | -€4,987 | -56.5% |
| Current assets | 29/58 | €215,564 | €214,716 | -€848 | -0.4% |
| Amounts receivable after more than one year | 29 | €101,197 | €95,118 | -€6,079 | -6.0% |
| Other amounts receivable | 291 | €101,197 | €95,118 | -€6,079 | -6.0% |
| Amounts receivable within one year | 40/41 | €32,879 | €50,194 | +€17,315 | +52.7% |
| Trade receivables | 40 | €32,875 | €50,188 | +€17,313 | +52.7% |
| Other amounts receivable | 41 | €4 | €6 | +€2 | +52.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €78,493 | €15,414 | -€63,080 | -80.4% |
| Deferred charges and accrued income | 490/1 | €2,995 | €3,991 | +€996 | +33.3% |
| Total equity and liabilities | 10/49 | €254,677 | €239,708 | -€14,968 | -5.9% |
| Equity | 10/15 | €199,358 | €212,095 | +€12,737 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,097 | €198,834 | +€12,737 | +6.8% |
| Distributable reserves | 133 | €186,097 | €198,834 | +€12,737 | +6.8% |
| Profit (loss) carried forward | 14 | €861 | €861 | = | 0.0% |
| Amounts payable | 17/49 | €55,319 | €27,613 | -€27,705 | -50.1% |
| Amounts payable after more than one year | 17 | €19,552 | €11,679 | -€7,874 | -40.3% |
| Financial debts | 170/4 | €19,552 | €11,679 | -€7,874 | -40.3% |
| Amounts payable within one year | 42/48 | €35,753 | €15,935 | -€19,818 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €9,133 | €7,874 | -€1,260 | -13.8% |
| Trade debts | 44 | €3,168 | €3,424 | +€256 | +8.1% |
| Suppliers | 440/4 | €3,168 | €3,424 | +€256 | +8.1% |
| Taxes, remuneration and social security | 45 | €11,037 | €4,637 | -€6,400 | -58.0% |
| Taxes | 450/3 | €11,037 | €4,637 | -€6,400 | -58.0% |
| Other amounts payable | 47/48 | €12,414 | - | -€12,414 | |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -98.9% |
| Turnover | 70 | - | €123,865 | +€123,865 | |
| Non-recurring operating income | 76A | €1,639 | - | -€1,639 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €95,107 | +€95,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,314 | €14,121 | -€3,193 | -18.4% |
| Other operating charges | 640/8 | €752 | €953 | +€201 | +26.8% |
| Gross operating margin | 9900 | €78,319 | €31,542 | -€46,777 | -59.7% |
| Operating profit (loss) | 9901 | €60,253 | €16,468 | -€43,785 | -72.7% |
| Financial income | 75/76B | €3,973 | €3,966 | -€7 | -0.2% |
| Recurring financial income | 75 | €3,973 | €3,966 | -€7 | -0.2% |
| Financial charges | 65/66B | €1,581 | €1,295 | -€285 | -18.1% |
| Recurring financial charges | 65 | €1,581 | €1,295 | -€285 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €62,645 | €19,139 | -€43,506 | -69.4% |
| Income taxes | 67/77 | €18,124 | €6,402 | -€11,722 | -64.7% |
| Profit (loss) for the period | 9904 | €44,521 | €12,737 | -€31,784 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,521 | €12,737 | -€31,784 | -71.4% |
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 18 October 2026 via checked.be.