DESMET MACHINEBOUW ENGINEERING: what changed
What changed
DESMET MACHINEBOUW ENGINEERING
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
-€75,325
2024 · -€77,818+€2,493
Equity
€709,200
2024 · €784,525-€75,325
Cash
€138,826
2024 · €228,013-€89,187
Balance sheet total
€2.7m
2024 · €3.0m-€296,280
Largest movements
Assets
- Receivables within one year -€265,160
down €265,160 (-20.5%), from €1.3m to €1.0m
of which Trade receivables: -€250,620
- Cash -€89,187
down €89,187 (-39.1%), from €228,013 to €138,826
mainly Investment in fixed assets (net) (-€114,149) and Short-term financial debts (-€103,362)
- Stocks and contracts +€48,317
up €48,317 (+6.5%), from €740,505 to €788,822
Equity and liabilities
- Short-term financial debts -€103,362
down €103,362 (-12.9%), from €799,233 to €695,872
of which Credit institutions: -€82,107
- Trade debts -€87,196
down €87,196 (-11.2%), from €781,012 to €693,816
- Profit (loss) carried forward -€74,783
down €74,783 (-96.8%), from -€77,276 to -€152,058
- Debts after one year -€52,647
down €52,647 (-20.4%), from €257,971 to €205,324
Income statement
- Staff costs -€172,213
down €172,213 (-11.5%), from €1.5m to €1.3m
- Gross operating margin -€166,024
down €166,024 (-10.3%), from €1.6m to €1.4m
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
-€77,818
Gross operating margin
-€166,024
Staff costs
+€172,213
Depreciation
-€7,613
Write-downs
-€800
Other operating charges
+€3,950
Other operating items
+€50
Financial income
-€10,950
Financial charges
+€10,950
Taxes
+€718
Result 2025
-€75,325
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
+€158,587
Investment
-€114,149
Financing
-€133,625
Cash 2024
€228,013
From operations (derived)
+€158,587
Net result for the year
-€75,325
Depreciation
+€133,790
Stocks and contracts
-€48,317
Receivables within one year
+€265,160
Deferred charges and accrued income
-€29,391
Smaller working-capital items
+€310
Trade debts
-€87,196
Tax, wage and social debts
+€1,080
Other debts
-€1,523
Investment (derived)
-€114,149
Investment in fixed assets (net)
-€114,149
Financing
-€133,625
Debts after one year
-€52,647
Current portion of long-term debt
+€22,384
Short-term financial debts
-€103,362
Cash 2025
€138,826
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,991,577 | €2,695,297 | -€296,280 | -9.9% |
| Fixed assets | 21/28 | €704,860 | €685,218 | -€19,641 | -2.8% |
| Intangible fixed assets | 21 | €5,680 | €3,170 | -€2,510 | -44.2% |
| Tangible fixed assets | 22/27 | €698,396 | €681,264 | -€17,132 | -2.5% |
| Land and buildings | 22 | €327,491 | €295,121 | -€32,370 | -9.9% |
| Plant, machinery and equipment | 23 | €267,976 | €291,027 | +€23,052 | +8.6% |
| Furniture and vehicles | 24 | €65,255 | €49,980 | -€15,275 | -23.4% |
| Leasing and similar rights | 25 | €36,674 | €44,136 | +€7,461 | +20.3% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €784 | €784 | = | 0.0% |
| Current assets | 29/58 | €2,286,717 | €2,010,079 | -€276,638 | -12.1% |
| Stocks and contracts in progress | 3 | €740,505 | €788,822 | +€48,317 | +6.5% |
| Stocks | 30/36 | €740,505 | €788,822 | +€48,317 | +6.5% |
| Amounts receivable within one year | 40/41 | €1,292,323 | €1,027,164 | -€265,160 | -20.5% |
| Trade receivables | 40 | €1,240,577 | €989,957 | -€250,620 | -20.2% |
| Other amounts receivable | 41 | €51,746 | €37,206 | -€14,539 | -28.1% |
| Cash at bank and in hand | 54/58 | €228,013 | €138,826 | -€89,187 | -39.1% |
| Deferred charges and accrued income | 490/1 | €25,877 | €55,268 | +€29,391 | +114% |
| Total equity and liabilities | 10/49 | €2,991,577 | €2,695,297 | -€296,280 | -9.9% |
| Equity | 10/15 | €784,525 | €709,200 | -€75,325 | -9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €799,800 | €799,258 | -€542 | -0.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,909 | €3,367 | -€542 | -13.9% |
| Distributable reserves | 133 | €789,691 | €789,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,276 | -€152,058 | -€74,783 | -96.8% |
| Provisions and deferred taxes | 16 | €1,877 | €1,696 | -€181 | -9.6% |
| Deferred taxes | 168 | €1,877 | €1,696 | -€181 | -9.6% |
| Amounts payable | 17/49 | €2,205,175 | €1,984,401 | -€220,774 | -10.0% |
| Amounts payable after more than one year | 17 | €257,971 | €205,324 | -€52,647 | -20.4% |
| Financial debts | 170/4 | €257,971 | €205,324 | -€52,647 | -20.4% |
| Amounts payable within one year | 42/48 | €1,947,204 | €1,778,587 | -€168,618 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €95,764 | €118,148 | +€22,384 | +23.4% |
| Financial debts | 43 | €799,233 | €695,872 | -€103,362 | -12.9% |
| Credit institutions | 430/8 | €476,323 | €394,215 | -€82,107 | -17.2% |
| Other loans | 439 | €322,911 | €301,656 | -€21,254 | -6.6% |
| Trade debts | 44 | €781,012 | €693,816 | -€87,196 | -11.2% |
| Suppliers | 440/4 | €781,012 | €693,816 | -€87,196 | -11.2% |
| Taxes, remuneration and social security | 45 | €215,501 | €216,581 | +€1,080 | +0.5% |
| Taxes | 450/3 | €21,793 | €47,816 | +€26,023 | +119% |
| Remuneration and social security | 454/9 | €193,708 | €168,765 | -€24,943 | -12.9% |
| Other amounts payable | 47/48 | €55,694 | €54,171 | -€1,523 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €491 | +€491 | |
| Remuneration, social security and pensions | 62 | €1,494,996 | €1,322,783 | -€172,213 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,177 | €133,790 | +€7,613 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €800 | +€800 | |
| Other operating charges | 640/8 | €22,256 | €18,306 | -€3,950 | -17.7% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €1,609,555 | €1,443,531 | -€166,024 | -10.3% |
| Operating profit (loss) | 9901 | -€33,924 | -€32,149 | +€1,776 | +5.2% |
| Financial income | 75/76B | €12,279 | €1,328 | -€10,950 | -89.2% |
| Recurring financial income | 75 | €12,279 | €1,328 | -€10,950 | -89.2% |
| Financial charges | 65/66B | €54,835 | €43,885 | -€10,950 | -20.0% |
| Recurring financial charges | 65 | €54,835 | €43,885 | -€10,950 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€76,480 | -€74,705 | +€1,775 | +2.3% |
| Transfer from deferred taxes | 780 | €181 | €181 | = | 0.0% |
| Income taxes | 67/77 | €1,519 | €801 | -€718 | -47.3% |
| Profit (loss) for the period | 9904 | -€77,818 | -€75,325 | +€2,493 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €542 | €542 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,276 | -€74,783 | +€2,493 | +3.2% |
Next steps
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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.