DESMET LIES: 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 LIES
Largest movements
- Receivables within one year +€168,717
up €168,717 (+145%), from €116,751 to €285,468
of which Trade receivables: +€90,976
- Current investments -€140,000
down €140,000 (-23.3%), from €600,000 to €460,000
- Cash -€71,062
down €71,062 (-63.2%), from €112,523 to €41,462
mainly Contributions, distributions and other (-€413,612) and Receivables within one year (-€168,717)
- Tangible fixed assets -€31,498
down €31,498 (-11.8%), from €266,891 to €235,392
- Reserves -€337,752
down €337,752 (-13.7%), from €2.5m to €2.1m
- Other debts +€185,133
up €185,133 (+181%), from €102,102 to €287,234
- Trade debts +€81,795
up €81,795 (+1,745%), from €4,687 to €86,482
- Profit (loss) carried forward +€39,872
up €39,872 (+148%), from €26,923 to €66,796
- Gross operating margin +€14,806
up €14,806 (+17.0%), from €86,879 to €101,685
- Taxes +€4,094
up €4,094 (+37.3%), from €10,972 to €15,065
- Depreciation -€3,486
down €3,486 (-10.0%), from €34,985 to €31,498
- Financial charges +€2,030
up €2,030 (+13.1%), from €15,454 to €17,484
- Financial income +€1,470
up €1,470 (+1.8%), from €80,546 to €82,016
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 | €2,798,040 | €2,746,151 | -€51,889 | -1.9% |
| Fixed assets | 21/28 | €1,968,766 | €1,958,642 | -€10,123 | -0.5% |
| Tangible fixed assets | 22/27 | €266,891 | €235,392 | -€31,498 | -11.8% |
| Land and buildings | 22 | €70,212 | €63,939 | -€6,273 | -8.9% |
| Leasing and similar rights | 25 | €12,606 | - | -€12,606 | |
| Other tangible fixed assets | 26 | €184,073 | €171,453 | -€12,620 | -6.9% |
| Financial fixed assets | 28 | €1,701,875 | €1,723,250 | +€21,375 | +1.3% |
| Current assets | 29/58 | €829,274 | €787,508 | -€41,766 | -5.0% |
| Amounts receivable within one year | 40/41 | €116,751 | €285,468 | +€168,717 | +145% |
| Trade receivables | 40 | €41,784 | €132,760 | +€90,976 | +218% |
| Other amounts receivable | 41 | €74,967 | €152,708 | +€77,742 | +104% |
| Current investments | 50/53 | €600,000 | €460,000 | -€140,000 | -23.3% |
| Cash at bank and in hand | 54/58 | €112,523 | €41,462 | -€71,062 | -63.2% |
| Deferred charges and accrued income | 490/1 | - | €578 | +€578 | |
| Total equity and liabilities | 10/49 | €2,798,040 | €2,746,151 | -€51,889 | -1.9% |
| Equity | 10/15 | €2,514,343 | €2,216,464 | -€297,880 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,468,820 | €2,131,068 | -€337,752 | -13.7% |
| Distributable reserves | 133 | €2,468,820 | €2,131,068 | -€337,752 | -13.7% |
| Profit (loss) carried forward | 14 | €26,923 | €66,796 | +€39,872 | +148% |
| Amounts payable | 17/49 | €283,696 | €529,687 | +€245,991 | +86.7% |
| Amounts payable after more than one year | 17 | €141,282 | €129,429 | -€11,853 | -8.4% |
| Financial debts | 170/4 | €141,282 | €129,429 | -€11,853 | -8.4% |
| Amounts payable within one year | 42/48 | €134,431 | €385,569 | +€251,138 | +187% |
| Current portion of amounts payable after more than one year | 42 | €24,556 | €11,853 | -€12,703 | -51.7% |
| Trade debts | 44 | €4,687 | €86,482 | +€81,795 | +1,745% |
| Suppliers | 440/4 | €4,687 | €86,482 | +€81,795 | +1,745% |
| Taxes, remuneration and social security | 45 | €3,087 | - | -€3,087 | |
| Taxes | 450/3 | €3,087 | - | -€3,087 | |
| Other amounts payable | 47/48 | €102,102 | €287,234 | +€185,133 | +181% |
| Accrued charges and deferred income | 492/3 | €7,984 | €14,689 | +€6,705 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,985 | €31,498 | -€3,486 | -10.0% |
| Other operating charges | 640/8 | €4,057 | €3,921 | -€136 | -3.4% |
| Gross operating margin | 9900 | €86,879 | €101,685 | +€14,806 | +17.0% |
| Operating profit (loss) | 9901 | €47,837 | €66,266 | +€18,429 | +38.5% |
| Financial income | 75/76B | €80,546 | €82,016 | +€1,470 | +1.8% |
| Recurring financial income | 75 | €80,546 | €82,016 | +€1,470 | +1.8% |
| Financial charges | 65/66B | €15,454 | €17,484 | +€2,030 | +13.1% |
| Recurring financial charges | 65 | €15,454 | €17,484 | +€2,030 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €112,930 | €130,798 | +€17,868 | +15.8% |
| Income taxes | 67/77 | €10,972 | €15,065 | +€4,094 | +37.3% |
| Profit (loss) for the period | 9904 | €101,958 | €115,732 | +€13,774 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,958 | €115,732 | +€13,774 | +13.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.