DESMET MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€770,888
up €770,888 (+92.3%), from €835,158 to €1.6m
- Cash -€349,093
down €349,093 (-44.0%), from €793,652 to €444,559
mainly Current investments (-€770,888) and Current portion of long-term debt (-€19,139)
- Reserves +€421,585
up €421,585 (+8.8%), from €4.8m to €5.2m
- Financial charges +€29,203
up €29,203 (+4,877%), from €599 to €29,802
- Financial income -€18,726
down €18,726 (-3.5%), from €532,660 to €513,934
- Gross operating margin +€6,391
up €6,391, from -€2,067 to €4,323
- Taxes -€6,382
down €6,382 (-13.0%), from €48,990 to €42,608
- Depreciation +€884
up €884 (+4.5%), from €19,657 to €20,541
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 | €5,903,814 | €6,304,323 | +€400,509 | +6.8% |
| Fixed assets | 21/28 | €4,246,856 | €4,230,052 | -€16,804 | -0.4% |
| Tangible fixed assets | 22/27 | €514,464 | €497,660 | -€16,804 | -3.3% |
| Land and buildings | 22 | €466,973 | €466,973 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,853 | +€2,853 | |
| Furniture and vehicles | 24 | €44,240 | €24,584 | -€19,657 | -44.4% |
| Other tangible fixed assets | 26 | €3,250 | €3,250 | = | 0.0% |
| Financial fixed assets | 28 | €3,732,392 | €3,732,392 | = | 0.0% |
| Current assets | 29/58 | €1,656,959 | €2,074,271 | +€417,313 | +25.2% |
| Amounts receivable within one year | 40/41 | €23,751 | €19,104 | -€4,647 | -19.6% |
| Trade receivables | 40 | €9,852 | €4,699 | -€5,153 | -52.3% |
| Other amounts receivable | 41 | €13,900 | €14,405 | +€505 | +3.6% |
| Current investments | 50/53 | €835,158 | €1,606,045 | +€770,888 | +92.3% |
| Cash at bank and in hand | 54/58 | €793,652 | €444,559 | -€349,093 | -44.0% |
| Deferred charges and accrued income | 490/1 | €4,398 | €4,563 | +€165 | +3.8% |
| Total equity and liabilities | 10/49 | €5,903,814 | €6,304,323 | +€400,509 | +6.8% |
| Equity | 10/15 | €5,775,325 | €6,196,911 | +€421,585 | +7.3% |
| Contributions | 10/11 | €325,364 | €325,364 | = | 0.0% |
| Reserves | 13 | €4,814,043 | €5,235,628 | +€421,585 | +8.8% |
| Distributable reserves | 133 | €4,814,043 | €5,235,628 | +€421,585 | +8.8% |
| Profit (loss) carried forward | 14 | €635,919 | €635,919 | = | 0.0% |
| Amounts payable | 17/49 | €128,489 | €107,413 | -€21,076 | -16.4% |
| Amounts payable after more than one year | 17 | €7,496 | - | -€7,496 | |
| Financial debts | 170/4 | €7,496 | - | -€7,496 | |
| Amounts payable within one year | 42/48 | €120,821 | €107,413 | -€13,408 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €26,635 | €7,496 | -€19,139 | -71.9% |
| Trade debts | 44 | €2,760 | €3,253 | +€493 | +17.9% |
| Suppliers | 440/4 | €2,760 | €3,253 | +€493 | +17.9% |
| Taxes, remuneration and social security | 45 | €81,404 | €87,950 | +€6,546 | +8.0% |
| Taxes | 450/3 | €81,404 | €87,950 | +€6,546 | +8.0% |
| Other amounts payable | 47/48 | €10,022 | €8,714 | -€1,308 | -13.1% |
| Accrued charges and deferred income | 492/3 | €172 | - | -€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,657 | €20,541 | +€884 | +4.5% |
| Other operating charges | 640/8 | €3,430 | €3,721 | +€291 | +8.5% |
| Gross operating margin | 9900 | -€2,067 | €4,323 | +€6,391 | |
| Operating profit (loss) | 9901 | -€25,154 | -€19,939 | +€5,215 | +20.7% |
| Financial income | 75/76B | €532,660 | €513,934 | -€18,726 | -3.5% |
| Recurring financial income | 75 | €532,660 | €513,934 | -€18,726 | -3.5% |
| Financial charges | 65/66B | €599 | €29,802 | +€29,203 | +4,877% |
| Recurring financial charges | 65 | €599 | €29,802 | +€29,203 | +4,877% |
| Profit (loss) for the period before taxes | 9903 | €506,907 | €464,193 | -€42,714 | -8.4% |
| Income taxes | 67/77 | €48,990 | €42,608 | -€6,382 | -13.0% |
| Profit (loss) for the period | 9904 | €457,917 | €421,585 | -€36,332 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €457,917 | €421,585 | -€36,332 | -7.9% |
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 15 October 2026 via checked.be.