DESMO: 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.
DESMO
Largest movements
- Cash +€24,414
up €24,414 (+31.4%), from €77,789 to €102,203
mainly Net result for the year (+€73,079) and Other debts (+€34,499)
- Other debts +€34,499
up €34,499 (+14.6%), from €236,285 to €270,785
- Gross operating margin -€9,632
down €9,632 (-7.9%), from €121,795 to €112,164
- Financial charges -€3,314
down €3,314 (-79.7%), from €4,160 to €845
- Taxes -€2,246
down €2,246 (-7.4%), from €30,319 to €28,073
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 | €1,258,263 | €1,273,113 | +€14,850 | +1.2% |
| Fixed assets | 21/28 | €1,099,747 | €1,091,036 | -€8,711 | -0.8% |
| Tangible fixed assets | 22/27 | €28,232 | €19,522 | -€8,711 | -30.9% |
| Furniture and vehicles | 24 | €28,232 | €19,522 | -€8,711 | -30.9% |
| Financial fixed assets | 28 | €1,071,514 | €1,071,514 | = | 0.0% |
| Current assets | 29/58 | €158,517 | €182,077 | +€23,560 | +14.9% |
| Amounts receivable after more than one year | 29 | €42,187 | €34,146 | -€8,040 | -19.1% |
| Other amounts receivable | 291 | €42,187 | €34,146 | -€8,040 | -19.1% |
| Amounts receivable within one year | 40/41 | €36,629 | €43,112 | +€6,483 | +17.7% |
| Trade receivables | 40 | €7,603 | €1,578 | -€6,025 | -79.3% |
| Other amounts receivable | 41 | €29,026 | €41,534 | +€12,508 | +43.1% |
| Cash at bank and in hand | 54/58 | €77,789 | €102,203 | +€24,414 | +31.4% |
| Deferred charges and accrued income | 490/1 | €1,912 | €2,616 | +€704 | +36.8% |
| Total equity and liabilities | 10/49 | €1,258,263 | €1,273,113 | +€14,850 | +1.2% |
| Equity | 10/15 | €977,545 | €976,333 | -€1,211 | -0.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €944,663 | €943,452 | -€1,211 | -0.1% |
| Distributable reserves | 133 | €944,663 | €943,452 | -€1,211 | -0.1% |
| Profit (loss) carried forward | 14 | €8,092 | €8,092 | = | 0.0% |
| Amounts payable | 17/49 | €280,719 | €296,779 | +€16,061 | +5.7% |
| Amounts payable within one year | 42/48 | €275,841 | €295,279 | +€19,439 | +7.0% |
| Financial debts | 43 | €12,678 | €12,691 | +€13 | +0.1% |
| Credit institutions | 430/8 | €12,678 | €12,691 | +€13 | +0.1% |
| Trade debts | 44 | €5,038 | €263 | -€4,775 | -94.8% |
| Suppliers | 440/4 | €5,038 | €263 | -€4,775 | -94.8% |
| Taxes, remuneration and social security | 45 | €21,840 | €11,541 | -€10,298 | -47.2% |
| Taxes | 450/3 | €21,840 | €11,541 | -€10,298 | -47.2% |
| Other amounts payable | 47/48 | €236,285 | €270,785 | +€34,499 | +14.6% |
| Accrued charges and deferred income | 492/3 | €4,878 | €1,500 | -€3,378 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,711 | €8,711 | = | 0.0% |
| Other operating charges | 640/8 | €1,194 | €1,617 | +€424 | +35.5% |
| Gross operating margin | 9900 | €121,795 | €112,164 | -€9,632 | -7.9% |
| Operating profit (loss) | 9901 | €111,891 | €101,836 | -€10,055 | -9.0% |
| Financial income | 75/76B | - | €162 | +€162 | |
| Recurring financial income | 75 | - | €162 | +€162 | |
| Financial charges | 65/66B | €4,160 | €845 | -€3,314 | -79.7% |
| Recurring financial charges | 65 | €4,160 | €845 | -€3,314 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €107,731 | €101,152 | -€6,579 | -6.1% |
| Income taxes | 67/77 | €30,319 | €28,073 | -€2,246 | -7.4% |
| Profit (loss) for the period | 9904 | €77,412 | €73,079 | -€4,333 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,412 | €73,079 | -€4,333 | -5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.