Desmet Edwin: 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 Edwin
Largest movements
- Receivables within one year +€18,617
up €18,617 (+35.1%), from €53,029 to €71,646
- Tangible fixed assets -€13,960
down €13,960 (-40.0%), from €34,900 to €20,940
of which Plant, machinery and equipment: -€13,260
- Formation expenses +€12,781
new in 2025: €12,781
- Cash +€9,293
up €9,293 (+153%), from €6,055 to €15,348
mainly Tax, wage and social debts (+€30,116) and Depreciation (+€18,506)
- Intangible fixed assets -€4,000
down €4,000 (-40.0%), from €10,000 to €6,000
- Tax, wage and social debts +€30,116
up €30,116 (+49.6%), from €60,678 to €90,794
of which Remuneration and social security: +€20,546
- Debts after one year -€21,531
down €21,531 (-36.8%), from €58,514 to €36,983
- Current portion of long-term debt +€6,307
up €6,307 (+28.4%), from €22,229 to €28,536
- Trade debts +€4,687
up €4,687 (+68.7%), from €6,818 to €11,505
- Staff costs -€33,514
down €33,514 (-16.4%), from €204,563 to €171,049
- Other operating charges -€2,366
down €2,366 (-32.2%), from €7,348 to €4,982
- Gross operating margin +€2,199
up €2,199 (+1.1%), from €195,935 to €198,134
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 | €125,049 | €144,859 | +€19,810 | +15.8% |
| Formation expenses | 20 | - | €12,781 | +€12,781 | |
| Fixed assets | 21/28 | €44,900 | €26,940 | -€17,960 | -40.0% |
| Intangible fixed assets | 21 | €10,000 | €6,000 | -€4,000 | -40.0% |
| Tangible fixed assets | 22/27 | €34,900 | €20,940 | -€13,960 | -40.0% |
| Plant, machinery and equipment | 23 | €33,150 | €19,890 | -€13,260 | -40.0% |
| Furniture and vehicles | 24 | €1,750 | €1,050 | -€700 | -40.0% |
| Current assets | 29/58 | €80,149 | €105,137 | +€24,989 | +31.2% |
| Stocks and contracts in progress | 3 | €21,065 | €18,144 | -€2,921 | -13.9% |
| Stocks | 30/36 | €21,065 | €18,144 | -€2,921 | -13.9% |
| Amounts receivable within one year | 40/41 | €53,029 | €71,646 | +€18,617 | +35.1% |
| Trade receivables | 40 | €53,029 | €71,646 | +€18,617 | +35.1% |
| Cash at bank and in hand | 54/58 | €6,055 | €15,348 | +€9,293 | +153% |
| Total equity and liabilities | 10/49 | €125,049 | €144,859 | +€19,810 | +15.8% |
| Equity | 10/15 | -€23,190 | -€22,959 | +€230 | +1.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,690 | -€24,459 | +€230 | +0.9% |
| Amounts payable | 17/49 | €148,238 | €167,818 | +€19,580 | +13.2% |
| Amounts payable after more than one year | 17 | €58,514 | €36,983 | -€21,531 | -36.8% |
| Other amounts payable | 178/9 | €58,514 | €36,983 | -€21,531 | -36.8% |
| Amounts payable within one year | 42/48 | €89,725 | €130,835 | +€41,110 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €22,229 | €28,536 | +€6,307 | +28.4% |
| Trade debts | 44 | €6,818 | €11,505 | +€4,687 | +68.7% |
| Suppliers | 440/4 | €6,818 | €11,505 | +€4,687 | +68.7% |
| Taxes, remuneration and social security | 45 | €60,678 | €90,794 | +€30,116 | +49.6% |
| Taxes | 450/3 | €30,092 | €39,662 | +€9,570 | +31.8% |
| Remuneration and social security | 454/9 | €30,586 | €51,132 | +€20,546 | +67.2% |
| Remuneration, social security and pensions | 62 | €204,563 | €171,049 | -€33,514 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,960 | €18,506 | +€546 | +3.0% |
| Other operating charges | 640/8 | €7,348 | €4,982 | -€2,366 | -32.2% |
| Gross operating margin | 9900 | €195,935 | €198,134 | +€2,199 | +1.1% |
| Operating profit (loss) | 9901 | -€33,936 | €3,598 | +€37,534 | |
| Financial income | 75/76B | €99 | €0 | -€99 | -99.6% |
| Recurring financial income | 75 | €99 | €0 | -€99 | -99.6% |
| Financial charges | 65/66B | €2,854 | €3,236 | +€381 | +13.4% |
| Recurring financial charges | 65 | €2,854 | €3,236 | +€381 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,692 | €362 | +€37,054 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€36,820 | €230 | +€37,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,820 | €230 | +€37,050 |
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 16 October 2026 via checked.be.