Desmeth: 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.
What changed
Desmeth
NACE 01.610, Support activities for crop production
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€346,059
2024 · €31,462+€314,597
Equity
€1.3m
2024 · €935,131+€346,059
Cash
€300,908
2024 · €179,626+€121,282
Balance sheet total
€3.8m
2024 · €3.2m+€628,114
Largest movements
Assets
- Tangible fixed assets +€503,643
up €503,643 (+18.6%), from €2.7m to €3.2m
of which Plant, machinery and equipment: +€356,953
- Cash +€121,282
up €121,282 (+67.5%), from €179,626 to €300,908
mainly Depreciation (+€777,884) and Net result for the year (+€346,059)
Equity and liabilities
- Reserves +€349,601
up €349,601 (+45.1%), from €775,620 to €1.1m
of which Tax-exempt reserves: +€240,601
- Debts after one year +€289,345
up €289,345 (+23.5%), from €1.2m to €1.5m
- Provisions +€80,200
new in 2025: €80,200
- Trade debts -€73,546
down €73,546 (-43.1%), from €170,634 to €97,088
- Other debts -€57,554
down €57,554 (-21.3%), from €270,144 to €212,591
Income statement
- Gross operating margin +€539,126
up €539,126 (+63.4%), from €850,056 to €1.4m
- Depreciation +€87,021
up €87,021 (+12.6%), from €690,863 to €777,884
- Staff costs +€46,083
up €46,083 (+49.2%), from €93,650 to €139,733
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.
Result 2024
€31,462
Gross operating margin
+€539,126
Staff costs
-€46,083
Depreciation
-€87,021
Other operating charges
-€1,577
Financial income
-€2,900
Financial charges
-€4,862
Taxes
-€1,886
Deferred taxes and other
-€80,200
Result 2025
€346,059
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€1.3m
Financing
+€321,034
Cash 2024
€179,626
From operations (derived)
+€1.1m
Net result for the year
+€346,059
Depreciation
+€777,884
Stocks and contracts
+€23,172
Receivables within one year
-€28,020
Deferred charges and accrued income
+€1,658
Provisions
+€80,200
Trade debts
-€73,546
Tax, wage and social debts
+€11,920
Other debts
-€57,554
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€321,034
Debts after one year
+€289,345
Current portion of long-term debt
+€31,689
Contributions, distributions and other
-€0
Cash 2025
€300,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,160,906 | €3,789,020 | +€628,114 | +19.9% |
| Fixed assets | 21/28 | €2,711,676 | €3,215,318 | +€503,643 | +18.6% |
| Tangible fixed assets | 22/27 | €2,711,676 | €3,215,318 | +€503,643 | +18.6% |
| Land and buildings | 22 | €169,112 | €159,170 | -€9,942 | -5.9% |
| Plant, machinery and equipment | 23 | €2,048,938 | €2,405,890 | +€356,953 | +17.4% |
| Furniture and vehicles | 24 | €23,441 | €15,357 | -€8,083 | -34.5% |
| Leasing and similar rights | 25 | €450,400 | €618,836 | +€168,436 | +37.4% |
| Other tangible fixed assets | 26 | €19,786 | €16,065 | -€3,721 | -18.8% |
| Current assets | 29/58 | €449,230 | €573,702 | +€124,472 | +27.7% |
| Stocks and contracts in progress | 3 | €89,924 | €66,751 | -€23,172 | -25.8% |
| Stocks | 30/36 | €89,924 | €66,751 | -€23,172 | -25.8% |
| Amounts receivable within one year | 40/41 | €159,655 | €187,675 | +€28,020 | +17.6% |
| Trade receivables | 40 | €106,916 | €154,243 | +€47,327 | +44.3% |
| Other amounts receivable | 41 | €52,739 | €33,432 | -€19,308 | -36.6% |
| Cash at bank and in hand | 54/58 | €179,626 | €300,908 | +€121,282 | +67.5% |
| Deferred charges and accrued income | 490/1 | €20,026 | €18,368 | -€1,658 | -8.3% |
| Total equity and liabilities | 10/49 | €3,160,906 | €3,789,020 | +€628,114 | +19.9% |
| Equity | 10/15 | €935,131 | €1,281,190 | +€346,059 | +37.0% |
| Contributions | 10/11 | €156,200 | €156,200 | = | 0.0% |
| Reserves | 13 | €775,620 | €1,125,221 | +€349,601 | +45.1% |
| Non-distributable reserves | 130/1 | €196,620 | €246,620 | +€50,000 | +25.4% |
| Reserves not available under the articles | 1311 | €196,620 | €246,620 | +€50,000 | +25.4% |
| Tax-exempt reserves | 132 | - | €240,601 | +€240,601 | |
| Distributable reserves | 133 | €579,000 | €638,000 | +€59,000 | +10.2% |
| Profit (loss) carried forward | 14 | €3,311 | -€231 | -€3,542 | |
| Provisions and deferred taxes | 16 | - | €80,200 | +€80,200 | |
| Deferred taxes | 168 | - | €80,200 | +€80,200 | |
| Amounts payable | 17/49 | €2,225,774 | €2,427,629 | +€201,855 | +9.1% |
| Amounts payable after more than one year | 17 | €1,228,884 | €1,518,229 | +€289,345 | +23.5% |
| Financial debts | 170/4 | €1,228,884 | €1,518,229 | +€289,345 | +23.5% |
| Amounts payable within one year | 42/48 | €996,891 | €909,401 | -€87,490 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €546,584 | €578,273 | +€31,689 | +5.8% |
| Trade debts | 44 | €170,634 | €97,088 | -€73,546 | -43.1% |
| Suppliers | 440/4 | €170,634 | €97,088 | -€73,546 | -43.1% |
| Taxes, remuneration and social security | 45 | €9,528 | €21,449 | +€11,920 | +125% |
| Taxes | 450/3 | €4,414 | €6,275 | +€1,861 | +42.2% |
| Remuneration and social security | 454/9 | €5,114 | €15,173 | +€10,060 | +197% |
| Other amounts payable | 47/48 | €270,144 | €212,591 | -€57,554 | -21.3% |
| Non-recurring operating income | 76A | €196,061 | €329,573 | +€133,512 | +68.1% |
| Remuneration, social security and pensions | 62 | €93,650 | €139,733 | +€46,083 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690,863 | €777,884 | +€87,021 | +12.6% |
| Other operating charges | 640/8 | €2,621 | €4,198 | +€1,577 | +60.2% |
| Gross operating margin | 9900 | €850,056 | €1,389,182 | +€539,126 | +63.4% |
| Operating profit (loss) | 9901 | €62,923 | €467,367 | +€404,445 | +643% |
| Financial income | 75/76B | €4,238 | €1,338 | -€2,900 | -68.4% |
| Recurring financial income | 75 | €4,238 | €1,338 | -€2,900 | -68.4% |
| Financial charges | 65/66B | €32,229 | €37,091 | +€4,862 | +15.1% |
| Recurring financial charges | 65 | €32,229 | €37,091 | +€4,862 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €34,932 | €431,614 | +€396,683 | +1,136% |
| Transfer from deferred taxes | 780 | - | €2,193 | +€2,193 | |
| Transfer to deferred taxes | 680 | - | €82,393 | +€82,393 | |
| Income taxes | 67/77 | €3,469 | €5,355 | +€1,886 | +54.4% |
| Profit (loss) for the period | 9904 | €31,462 | €346,059 | +€314,597 | +1,000% |
| Transfer from tax-exempt reserves | 789 | - | €6,579 | +€6,579 | |
| Transfer to tax-exempt reserves | 689 | - | €247,180 | +€247,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,462 | €105,458 | +€73,996 | +235% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.