DESMET: what changed
What changed
DESMET
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€6,704
2024 · €40,843-€34,139
Equity
€458,823
2024 · €452,120+€6,704
Cash
€317,026
2024 · €358,826-€41,800
Balance sheet total
€740,656
2024 · €730,308+€10,348
Largest movements
Assets
- Tangible fixed assets +€64,123
up €64,123 (+61.1%), from €104,962 to €169,085
of which Plant, machinery and equipment: +€68,575
- Cash -€41,800
down €41,800 (-11.6%), from €358,826 to €317,026
mainly Other debts (-€155,019) and Investment in fixed assets (net) (-€99,099)
- Stocks and contracts -€20,103
down €20,103 (-8.8%), from €229,379 to €209,276
- Receivables within one year +€14,193
up €14,193 (+64.0%), from €22,179 to €36,371
of which Trade receivables: +€14,418
Equity and liabilities
- Other debts -€155,019
down €155,019 (-66.8%), from €231,939 to €76,920
- Debts after one year +€130,325
new in 2025: €130,325
- Current portion of long-term debt +€38,497
new in 2025: €38,497
- Accrued charges and deferred income -€9,409
down €9,409 (-72.9%), from €12,902 to €3,493
Income statement
- Staff costs +€29,379
up €29,379 (+30.7%), from €95,821 to €125,200
- Gross operating margin -€18,444
down €18,444 (-9.2%), from €200,675 to €182,232
- Taxes -€14,884
down €14,884 (-93.4%), from €15,938 to €1,055
- Depreciation +€6,882
up €6,882 (+24.5%), from €28,095 to €34,976
- Financial charges -€6,801
down €6,801 (-36.2%), from €18,781 to €11,980
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,843
Gross operating margin
-€18,444
Staff costs
-€29,379
Depreciation
-€6,882
Other operating charges
-€191
Other operating items
+€91
Financial income
-€1,019
Financial charges
+€6,801
Taxes
+€14,884
Result 2025
€6,704
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€111,524
Investment
-€99,099
Financing
+€168,823
Cash 2024
€358,826
From operations (derived)
-€111,524
Net result for the year
+€6,704
Depreciation
+€34,976
Stocks and contracts
+€20,103
Receivables within one year
-€14,193
Deferred charges and accrued income
+€6,064
Trade debts
+€5,546
Tax, wage and social debts
-€5,966
Advances received
-€330
Other debts
-€155,019
Accrued charges and deferred income
-€9,409
Investment (derived)
-€99,099
Investment in fixed assets (net)
-€99,099
Financing
+€168,823
Debts after one year
+€130,325
Current portion of long-term debt
+€38,497
Cash 2025
€317,026
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €730,308 | €740,656 | +€10,348 | +1.4% |
| Fixed assets | 21/28 | €104,962 | €169,085 | +€64,123 | +61.1% |
| Tangible fixed assets | 22/27 | €104,962 | €169,085 | +€64,123 | +61.1% |
| Land and buildings | 22 | €6,518 | €5,518 | -€1,000 | -15.3% |
| Plant, machinery and equipment | 23 | €93,375 | €161,950 | +€68,575 | +73.4% |
| Furniture and vehicles | 24 | €5,069 | €1,617 | -€3,452 | -68.1% |
| Current assets | 29/58 | €625,345 | €571,571 | -€53,775 | -8.6% |
| Stocks and contracts in progress | 3 | €229,379 | €209,276 | -€20,103 | -8.8% |
| Stocks | 30/36 | €229,379 | €209,276 | -€20,103 | -8.8% |
| Amounts receivable within one year | 40/41 | €22,179 | €36,371 | +€14,193 | +64.0% |
| Trade receivables | 40 | €17,939 | €32,357 | +€14,418 | +80.4% |
| Other amounts receivable | 41 | €4,240 | €4,015 | -€225 | -5.3% |
| Cash at bank and in hand | 54/58 | €358,826 | €317,026 | -€41,800 | -11.6% |
| Deferred charges and accrued income | 490/1 | €14,962 | €8,897 | -€6,064 | -40.5% |
| Total equity and liabilities | 10/49 | €730,308 | €740,656 | +€10,348 | +1.4% |
| Equity | 10/15 | €452,120 | €458,823 | +€6,704 | +1.5% |
| Contributions | 10/11 | €241,180 | €241,180 | = | 0.0% |
| Capital | 10 | €241,180 | €241,180 | = | 0.0% |
| Issued capital | 100 | €241,180 | €241,180 | = | 0.0% |
| Reserves | 13 | €203,439 | €210,143 | +€6,704 | +3.3% |
| Non-distributable reserves | 130/1 | €24,118 | €24,118 | = | 0.0% |
| Legal reserve | 130 | €24,118 | €24,118 | = | 0.0% |
| Distributable reserves | 133 | €179,321 | €186,025 | +€6,704 | +3.7% |
| Profit (loss) carried forward | 14 | €7,501 | €7,501 | = | 0.0% |
| Amounts payable | 17/49 | €278,188 | €281,832 | +€3,644 | +1.3% |
| Amounts payable after more than one year | 17 | - | €130,325 | +€130,325 | |
| Financial debts | 170/4 | - | €130,325 | +€130,325 | |
| Amounts payable within one year | 42/48 | €265,286 | €148,014 | -€117,272 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | - | €38,497 | +€38,497 | |
| Trade debts | 44 | €7,523 | €13,069 | +€5,546 | +73.7% |
| Suppliers | 440/4 | €7,523 | €13,069 | +€5,546 | +73.7% |
| Advances received on contracts in progress | 46 | €7,123 | €6,792 | -€330 | -4.6% |
| Taxes, remuneration and social security | 45 | €18,702 | €12,736 | -€5,966 | -31.9% |
| Taxes | 450/3 | €10,539 | €6,986 | -€3,553 | -33.7% |
| Remuneration and social security | 454/9 | €8,163 | €5,750 | -€2,413 | -29.6% |
| Other amounts payable | 47/48 | €231,939 | €76,920 | -€155,019 | -66.8% |
| Accrued charges and deferred income | 492/3 | €12,902 | €3,493 | -€9,409 | -72.9% |
| Non-recurring operating income | 76A | €1,299 | €21,899 | +€20,599 | +1,585% |
| Remuneration, social security and pensions | 62 | €95,821 | €125,200 | +€29,379 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,095 | €34,976 | +€6,882 | +24.5% |
| Other operating charges | 640/8 | €2,953 | €3,144 | +€191 | +6.5% |
| Non-recurring operating charges | 66A | €91 | €0 | -€91 | -100% |
| Gross operating margin | 9900 | €200,675 | €182,232 | -€18,444 | -9.2% |
| Operating profit (loss) | 9901 | €73,716 | €18,912 | -€54,805 | -74.3% |
| Financial income | 75/76B | €1,846 | €826 | -€1,019 | -55.2% |
| Recurring financial income | 75 | €1,846 | €826 | -€1,019 | -55.2% |
| Financial charges | 65/66B | €18,781 | €11,980 | -€6,801 | -36.2% |
| Recurring financial charges | 65 | €18,781 | €11,980 | -€6,801 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €56,781 | €7,758 | -€49,022 | -86.3% |
| Income taxes | 67/77 | €15,938 | €1,055 | -€14,884 | -93.4% |
| Profit (loss) for the period | 9904 | €40,843 | €6,704 | -€34,139 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,843 | €6,704 | -€34,139 | -83.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.