DESMET PASCAL: what changed
Two fiscal 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 PASCAL
Largest movements
- Receivables within one year +€10,011
up €10,011 (+26.6%), from €37,697 to €47,707
of which Other amounts receivable: +€9,413
- Tangible fixed assets -€9,875
down €9,875 (-24.1%), from €40,951 to €31,076
of which Furniture and vehicles: -€9,806
- Cash +€8,513
up €8,513 (+89.8%), from €9,479 to €17,992
mainly Net result for the year (+€97,840) and Depreciation (+€9,875)
- Reserves +€34,316
up €34,316 (+4.7%), from €736,142 to €770,459
of which Distributable reserves: +€34,316
- Accrued charges and deferred income -€19,844
down €19,844 (-95.2%), from €20,844 to €1,000
- Trade debts -€16,492
down €16,492 (-51.6%), from €31,939 to €15,447
- Gross operating margin -€77,050
down €77,050 (-38.4%), from €200,842 to €123,792
- Financial income +€22,130
up €22,130 (+253.0%), from €8,745 to €30,875
- Taxes -€16,202
down €16,202 (-28.1%), from €57,578 to €41,377
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.
Cash bridge derived
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 | €832,560 | €830,188 | -€2,372 | -0.3% |
| Fixed assets | 21/28 | €40,951 | €31,076 | -€9,875 | -24.1% |
| Tangible fixed assets | 22/27 | €40,951 | €31,076 | -€9,875 | -24.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €69 | €0 | -€69 | -100.0% |
| Furniture and vehicles | 24 | €40,882 | €31,076 | -€9,806 | -24.0% |
| Current assets | 29/58 | €791,609 | €799,112 | +€7,503 | +0.9% |
| Stocks and contracts in progress | 3 | €30,192 | €30,771 | +€579 | +1.9% |
| Stocks | 30/36 | €30,192 | €30,771 | +€579 | +1.9% |
| Amounts receivable within one year | 40/41 | €37,697 | €47,707 | +€10,011 | +26.6% |
| Trade receivables | 40 | €36,249 | €36,847 | +€598 | +1.6% |
| Other amounts receivable | 41 | €1,448 | €10,860 | +€9,413 | +650.3% |
| Current investments | 50/53 | €709,703 | €701,893 | -€7,810 | -1.1% |
| Cash at bank and in hand | 54/58 | €9,479 | €17,992 | +€8,513 | +89.8% |
| Deferred charges and accrued income | 490/1 | €4,538 | €748 | -€3,790 | -83.5% |
| Total equity and liabilities | 10/49 | €832,560 | €830,188 | -€2,372 | -0.3% |
| Equity | 10/15 | €742,342 | €776,659 | +€34,316 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €736,142 | €770,459 | +€34,316 | +4.7% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €726,142 | €760,459 | +€34,316 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,218 | €53,529 | -€36,688 | -40.7% |
| Amounts payable within one year | 42/48 | €69,373 | €52,529 | -€16,844 | -24.3% |
| Trade debts | 44 | €31,939 | €15,447 | -€16,492 | -51.6% |
| Suppliers | 440/4 | €31,939 | €15,447 | -€16,492 | -51.6% |
| Taxes, remuneration and social security | 45 | €20,362 | €20,483 | +€121 | +0.6% |
| Taxes | 450/3 | €20,362 | €20,483 | +€121 | +0.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,073 | €16,599 | -€473 | -2.8% |
| Accrued charges and deferred income | 492/3 | €20,844 | €1,000 | -€19,844 | -95.2% |
| Non-recurring operating income | 76A | €6,729 | €0 | -€6,729 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,004 | €9,875 | +€1,871 | +23.4% |
| Other operating charges | 640/8 | €2,430 | €2,187 | -€243 | -10.0% |
| Gross operating margin | 9900 | €200,842 | €123,792 | -€77,050 | -38.4% |
| Operating profit (loss) | 9901 | €190,409 | €111,730 | -€78,679 | -41.3% |
| Financial income | 75/76B | €8,745 | €30,875 | +€22,130 | +253.0% |
| Recurring financial income | 75 | €8,745 | €30,875 | +€22,130 | +253.0% |
| Financial charges | 65/66B | €5,136 | €3,389 | -€1,747 | -34.0% |
| Recurring financial charges | 65 | €5,136 | €3,389 | -€1,747 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €194,018 | €139,216 | -€54,802 | -28.2% |
| Income taxes | 67/77 | €57,578 | €41,377 | -€16,202 | -28.1% |
| Profit (loss) for the period | 9904 | €136,440 | €97,840 | -€38,600 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,440 | €97,840 | -€38,600 | -28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.