DESMO Projects: 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 Projects
Largest movements
- Stocks and contracts +€194,052
new in 2025: €194,052
- Cash +€39,192
up €39,192 (+123.3%), from €31,782 to €70,974
mainly Debts after one year (+€132,093) and Net result for the year (+€46,360)
- Tangible fixed assets -€13,697
down €13,697 (-25.3%), from €54,058 to €40,361
of which Furniture and vehicles: -€13,468
- Receivables within one year +€10,206
up €10,206 (+617.7%), from €1,652 to €11,858
of which Trade receivables: +€11,858
- Debts after one year +€132,093
up €132,093 (+371.7%), from €35,534 to €167,627
- Reserves +€45,527
up €45,527 (+287.4%), from €15,840 to €61,367
- Other debts +€31,270
up €31,270 (+3279.0%), from €954 to €32,224
- Trade debts +€17,125
up €17,125 (+768.8%), from €2,227 to €19,352
- Tax, wage and social debts +€3,385
up €3,385 (+24.1%), from €14,021 to €17,406
- Gross operating margin +€55,024
up €55,024 (+176.1%), from €31,243 to €86,267
- Taxes +€15,004
up €15,004 (+318.9%), from €4,705 to €19,709
- Depreciation +€6,205
up €6,205 (+73.4%), from €8,450 to €14,655
- Financial charges +€3,805
up €3,805 (+515.5%), from €738 to €4,543
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 | €89,003 | €318,882 | +€229,879 | +258.3% |
| Fixed assets | 21/28 | €54,058 | €40,361 | -€13,697 | -25.3% |
| Tangible fixed assets | 22/27 | €54,058 | €40,361 | -€13,697 | -25.3% |
| Land and buildings | 22 | €2,282 | €2,053 | -€229 | -10.0% |
| Furniture and vehicles | 24 | €51,776 | €38,308 | -€13,468 | -26.0% |
| Current assets | 29/58 | €34,945 | €278,521 | +€243,576 | +697.0% |
| Stocks and contracts in progress | 3 | - | €194,052 | +€194,052 | |
| Stocks | 30/36 | - | €194,052 | +€194,052 | |
| Amounts receivable within one year | 40/41 | €1,652 | €11,858 | +€10,206 | +617.7% |
| Trade receivables | 40 | - | €11,858 | +€11,858 | |
| Other amounts receivable | 41 | €1,652 | - | -€1,652 | |
| Cash at bank and in hand | 54/58 | €31,782 | €70,974 | +€39,192 | +123.3% |
| Deferred charges and accrued income | 490/1 | €1,511 | €1,637 | +€127 | +8.4% |
| Total equity and liabilities | 10/49 | €89,003 | €318,882 | +€229,879 | +258.3% |
| Equity | 10/15 | €23,840 | €69,367 | +€45,527 | +191.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €15,840 | €61,367 | +€45,527 | +287.4% |
| Distributable reserves | 133 | €15,840 | €61,367 | +€45,527 | +287.4% |
| Amounts payable | 17/49 | €65,163 | €249,515 | +€184,352 | +282.9% |
| Amounts payable after more than one year | 17 | €35,534 | €167,627 | +€132,093 | +371.7% |
| Financial debts | 170/4 | €35,534 | €167,627 | +€132,093 | +371.7% |
| Amounts payable within one year | 42/48 | €29,629 | €81,888 | +€52,259 | +176.4% |
| Current portion of amounts payable after more than one year | 42 | €12,427 | €12,907 | +€480 | +3.9% |
| Trade debts | 44 | €2,227 | €19,352 | +€17,125 | +768.8% |
| Suppliers | 440/4 | €2,227 | €19,352 | +€17,125 | +768.8% |
| Taxes, remuneration and social security | 45 | €14,021 | €17,406 | +€3,385 | +24.1% |
| Taxes | 450/3 | €14,021 | €17,406 | +€3,385 | +24.1% |
| Other amounts payable | 47/48 | €954 | €32,224 | +€31,270 | +3279.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,450 | €14,655 | +€6,205 | +73.4% |
| Other operating charges | 640/8 | €677 | €1,003 | +€326 | +48.2% |
| Gross operating margin | 9900 | €31,243 | €86,267 | +€55,024 | +176.1% |
| Operating profit (loss) | 9901 | €22,116 | €70,609 | +€48,493 | +219.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €738 | €4,543 | +€3,805 | +515.5% |
| Recurring financial charges | 65 | €738 | €4,543 | +€3,805 | +515.5% |
| Profit (loss) for the period before taxes | 9903 | €21,378 | €66,069 | +€44,691 | +209.0% |
| Income taxes | 67/77 | €4,705 | €19,709 | +€15,004 | +318.9% |
| Profit (loss) for the period | 9904 | €16,673 | €46,360 | +€29,687 | +178.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,673 | €46,360 | +€29,687 | +178.1% |
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 6 October 2026 via checked.be.