DESMET: 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.
DESMET
Largest movements
- Receivables within one year -€907,642
down €907,642 (-56.4%), from €1.6m to €701,512
of which Other amounts receivable: -€883,224
- Tangible fixed assets +€437,119
up €437,119 (+12.0%), from €3.6m to €4.1m
of which Land and buildings: +€251,999
- Stocks and contracts -€312,380
down €312,380 (-100%), from €312,380 to €0
- Short-term financial debts -€318,750
down €318,750 (-33.4%), from €954,185 to €635,435
- Trade debts -€207,762
down €207,762 (-50.8%), from €408,675 to €200,913
- Other debts -€117,353
down €117,353 (-3.5%), from €3.4m to €3.2m
- Profit (loss) carried forward -€108,252
down €108,252, from €49,950 to -€58,302
- Debts after one year -€77,494
down €77,494 (-15.6%), from €497,403 to €419,909
- Gross operating margin -€699,867
down €699,867 (-74.1%), from €944,469 to €244,602
- Taxes -€69,209
down €69,209 (-100%), from €69,209 to €0
- Depreciation +€51,817
up €51,817 (+25.2%), from €205,583 to €257,401
- Financial income -€27,713
down €27,713 (-31.6%), from €87,762 to €60,049
- Financial charges -€12,107
down €12,107 (-11.4%), from €106,379 to €94,271
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 | €5,694,640 | €4,862,125 | -€832,515 | -14.6% |
| Fixed assets | 21/28 | €3,647,470 | €4,084,589 | +€437,119 | +12.0% |
| Tangible fixed assets | 22/27 | €3,647,377 | €4,084,496 | +€437,119 | +12.0% |
| Land and buildings | 22 | €1,817,191 | €2,069,190 | +€251,999 | +13.9% |
| Plant, machinery and equipment | 23 | €32,191 | €132,667 | +€100,476 | +312% |
| Furniture and vehicles | 24 | €51,806 | €23,361 | -€28,445 | -54.9% |
| Other tangible fixed assets | 26 | €488,805 | €410,877 | -€77,928 | -15.9% |
| Assets under construction and advance payments | 27 | €1,257,384 | €1,448,401 | +€191,017 | +15.2% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €2,047,170 | €777,536 | -€1.3m | -62.0% |
| Stocks and contracts in progress | 3 | €312,380 | €0 | -€312,380 | -100% |
| Stocks | 30/36 | €312,380 | €0 | -€312,380 | -100% |
| Amounts receivable within one year | 40/41 | €1,609,154 | €701,512 | -€907,642 | -56.4% |
| Trade receivables | 40 | €44,839 | €20,421 | -€24,418 | -54.5% |
| Other amounts receivable | 41 | €1,564,314 | €681,091 | -€883,224 | -56.5% |
| Cash at bank and in hand | 54/58 | €38,782 | €13,444 | -€25,338 | -65.3% |
| Deferred charges and accrued income | 490/1 | €86,854 | €62,580 | -€24,274 | -27.9% |
| Total equity and liabilities | 10/49 | €5,694,640 | €4,862,125 | -€832,515 | -14.6% |
| Equity | 10/15 | €297,910 | €189,657 | -€108,252 | -36.3% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €66 | €66 | = | 0.0% |
| Distributable reserves | 133 | €66 | €66 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,950 | -€58,302 | -€108,252 | |
| Amounts payable | 17/49 | €5,396,730 | €4,672,468 | -€724,263 | -13.4% |
| Amounts payable after more than one year | 17 | €497,403 | €419,909 | -€77,494 | -15.6% |
| Financial debts | 170/4 | €497,403 | €419,909 | -€77,494 | -15.6% |
| Amounts payable within one year | 42/48 | €4,859,680 | €4,209,151 | -€650,529 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €74,687 | €77,494 | +€2,807 | +3.8% |
| Financial debts | 43 | €954,185 | €635,435 | -€318,750 | -33.4% |
| Credit institutions | 430/8 | €954,185 | €635,435 | -€318,750 | -33.4% |
| Trade debts | 44 | €408,675 | €200,913 | -€207,762 | -50.8% |
| Suppliers | 440/4 | €408,675 | €200,913 | -€207,762 | -50.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €61,263 | €51,792 | -€9,470 | -15.5% |
| Taxes | 450/3 | €54,329 | €47,779 | -€6,550 | -12.1% |
| Remuneration and social security | 454/9 | €6,934 | €4,014 | -€2,920 | -42.1% |
| Other amounts payable | 47/48 | €3,360,870 | €3,243,516 | -€117,353 | -3.5% |
| Accrued charges and deferred income | 492/3 | €39,648 | €43,408 | +€3,760 | +9.5% |
| Remuneration, social security and pensions | 62 | €52,166 | €47,557 | -€4,609 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,583 | €257,401 | +€51,817 | +25.2% |
| Other operating charges | 640/8 | €9,290 | €13,673 | +€4,384 | +47.2% |
| Gross operating margin | 9900 | €944,469 | €244,602 | -€699,867 | -74.1% |
| Operating profit (loss) | 9901 | €677,430 | -€74,029 | -€751,459 | |
| Financial income | 75/76B | €87,762 | €60,049 | -€27,713 | -31.6% |
| Recurring financial income | 75 | €87,762 | €60,049 | -€27,713 | -31.6% |
| Financial charges | 65/66B | €106,379 | €94,271 | -€12,107 | -11.4% |
| Recurring financial charges | 65 | €106,379 | €94,271 | -€12,107 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €658,813 | -€108,252 | -€767,065 | |
| Income taxes | 67/77 | €69,209 | €0 | -€69,209 | -100% |
| Profit (loss) for the period | 9904 | €589,604 | -€108,252 | -€697,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €589,604 | -€108,252 | -€697,857 |
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 19 October 2026 via checked.be.