DESMET GEERT: 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 GEERT
Largest movements
- Current investments +€60,000
new in 2026: €60,000
- Cash -€51,476
down €51,476 (-73.6%), from €69,916 to €18,440
mainly Current investments (-€60,000) and Investment in fixed assets (net) (-€14,439)
- Stocks and contracts -€7,278
no longer reported in 2026 (was €7,278)
- Receivables within one year +€2,059
up €2,059 (+17.2%), from €11,965 to €14,024
of which Trade receivables: +€4,271
- Other debts +€1,797
up €1,797 (+3.6%), from €49,506 to €51,303
- Gross operating margin -€40,963
down €40,963 (-87.6%), from €46,772 to €5,809
- Financial income +€15,510
up €15,510 (+10,704%), from €145 to €15,655
of which Non-recurring financial income: +€15,000
- Taxes -€7,489
down €7,489 (-95.2%), from €7,867 to €378
- Other operating charges -€3,245
down €3,245 (-70.6%), from €4,598 to €1,354
- Depreciation -€936
down €936 (-5.7%), from €16,343 to €15,407
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,183 | €130,697 | +€2,514 | +2.0% |
| Fixed assets | 21/28 | €37,797 | €36,829 | -€968 | -2.6% |
| Tangible fixed assets | 22/27 | €36,747 | €35,779 | -€968 | -2.6% |
| Plant, machinery and equipment | 23 | €20,087 | €21,831 | +€1,744 | +8.7% |
| Furniture and vehicles | 24 | €16,660 | €13,947 | -€2,712 | -16.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €90,387 | €93,869 | +€3,482 | +3.9% |
| Stocks and contracts in progress | 3 | €7,278 | - | -€7,278 | |
| Stocks | 30/36 | €7,278 | - | -€7,278 | |
| Amounts receivable within one year | 40/41 | €11,965 | €14,024 | +€2,059 | +17.2% |
| Trade receivables | 40 | €684 | €4,955 | +€4,271 | +624% |
| Other amounts receivable | 41 | €11,281 | €9,069 | -€2,211 | -19.6% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €69,916 | €18,440 | -€51,476 | -73.6% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,405 | +€177 | +14.4% |
| Total equity and liabilities | 10/49 | €128,183 | €130,697 | +€2,514 | +2.0% |
| Equity | 10/15 | €74,568 | €75,378 | +€810 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,886 | €32,696 | +€810 | +2.5% |
| Distributable reserves | 133 | €31,886 | €32,696 | +€810 | +2.5% |
| Profit (loss) carried forward | 14 | €24,082 | €24,082 | = | 0.0% |
| Amounts payable | 17/49 | €53,616 | €55,320 | +€1,704 | +3.2% |
| Amounts payable within one year | 42/48 | €50,976 | €52,908 | +€1,932 | +3.8% |
| Trade debts | 44 | €314 | €545 | +€232 | +74.0% |
| Suppliers | 440/4 | €314 | €545 | +€232 | +74.0% |
| Taxes, remuneration and social security | 45 | €1,157 | €1,059 | -€97 | -8.4% |
| Taxes | 450/3 | €1,157 | €1,059 | -€97 | -8.4% |
| Other amounts payable | 47/48 | €49,506 | €51,303 | +€1,797 | +3.6% |
| Accrued charges and deferred income | 492/3 | €2,639 | €2,412 | -€228 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,343 | €15,407 | -€936 | -5.7% |
| Other operating charges | 640/8 | €4,598 | €1,354 | -€3,245 | -70.6% |
| Gross operating margin | 9900 | €46,772 | €5,809 | -€40,963 | -87.6% |
| Operating profit (loss) | 9901 | €25,831 | -€10,951 | -€36,782 | |
| Financial income | 75/76B | €145 | €15,655 | +€15,510 | +10,704% |
| Recurring financial income | 75 | €145 | €655 | +€510 | +352% |
| Non-recurring financial income | 76B | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €4,072 | €3,515 | -€557 | -13.7% |
| Recurring financial charges | 65 | €4,072 | €3,515 | -€557 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €21,903 | €1,188 | -€20,715 | -94.6% |
| Income taxes | 67/77 | €7,867 | €378 | -€7,489 | -95.2% |
| Profit (loss) for the period | 9904 | €14,036 | €810 | -€13,226 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,036 | €810 | -€13,226 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.