DESOMER-SINNESAEL: 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.
DESOMER-SINNESAEL
Largest movements
- Stocks and contracts -€24,058
down €24,058 (-27.9%), from €86,264 to €62,205
- Cash -€7,260
down €7,260 (-64.9%), from €11,180 to €3,920
mainly Current portion of long-term debt (-€36,090) and Investment in fixed assets (net) (-€35,812)
- Short-term financial debts +€45,000
new in 2026: €45,000
- Current portion of long-term debt -€36,090
down €36,090 (-40.5%), from €89,088 to €52,998
- Other debts -€25,846
down €25,846 (-17.3%), from €149,594 to €123,748
- Trade debts -€17,289
down €17,289 (-26.7%), from €64,656 to €47,367
- Debts after one year -€7,497
down €7,497 (-5.9%), from €128,147 to €120,649
- Gross operating margin +€6,724
up €6,724 (+5.7%), from €118,345 to €125,069
- Financial charges +€6,042
up €6,042 (+73.6%), from €8,208 to €14,250
- Staff costs +€4,172
up €4,172 (+7.8%), from €53,811 to €57,983
- Depreciation +€2,034
up €2,034 (+5.5%), from €36,803 to €38,837
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €474,079 | €435,551 | -€38,528 | -8.1% |
| Fixed assets | 21/28 | €339,602 | €336,577 | -€3,025 | -0.9% |
| Intangible fixed assets | 21 | €5,979 | €5,381 | -€598 | -10.0% |
| Tangible fixed assets | 22/27 | €333,624 | €331,196 | -€2,427 | -0.7% |
| Land and buildings | 22 | €315,623 | €288,070 | -€27,553 | -8.7% |
| Plant, machinery and equipment | 23 | €13,083 | €11,762 | -€1,320 | -10.1% |
| Furniture and vehicles | 24 | €4,918 | €31,364 | +€26,446 | +538% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €134,477 | €98,974 | -€35,503 | -26.4% |
| Stocks and contracts in progress | 3 | €86,264 | €62,205 | -€24,058 | -27.9% |
| Stocks | 30/36 | €86,264 | €62,205 | -€24,058 | -27.9% |
| Amounts receivable within one year | 40/41 | €37,033 | €32,848 | -€4,185 | -11.3% |
| Trade receivables | 40 | €37,033 | €32,848 | -€4,185 | -11.3% |
| Cash at bank and in hand | 54/58 | €11,180 | €3,920 | -€7,260 | -64.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €474,079 | €435,551 | -€38,528 | -8.1% |
| Equity | 10/15 | €19,938 | €20,963 | +€1,025 | +5.1% |
| Contributions | 10/11 | €118,550 | €118,550 | = | 0.0% |
| Reserves | 13 | €36,814 | €36,814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,511 | €1,511 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,511 | €1,511 | = | 0.0% |
| Distributable reserves | 133 | €35,303 | €35,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,426 | -€134,401 | +€1,025 | +0.8% |
| Amounts payable | 17/49 | €454,142 | €414,589 | -€39,553 | -8.7% |
| Amounts payable after more than one year | 17 | €128,147 | €120,649 | -€7,497 | -5.9% |
| Financial debts | 170/4 | €128,147 | €120,649 | -€7,497 | -5.9% |
| Amounts payable within one year | 42/48 | €325,995 | €293,939 | -€32,056 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €89,088 | €52,998 | -€36,090 | -40.5% |
| Financial debts | 43 | - | €45,000 | +€45,000 | |
| Credit institutions | 430/8 | - | €45,000 | +€45,000 | |
| Trade debts | 44 | €64,656 | €47,367 | -€17,289 | -26.7% |
| Suppliers | 440/4 | €64,656 | €47,367 | -€17,289 | -26.7% |
| Taxes, remuneration and social security | 45 | €22,657 | €24,826 | +€2,169 | +9.6% |
| Taxes | 450/3 | €13,471 | €16,953 | +€3,482 | +25.8% |
| Remuneration and social security | 454/9 | €9,185 | €7,872 | -€1,313 | -14.3% |
| Other amounts payable | 47/48 | €149,594 | €123,748 | -€25,846 | -17.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,917 | +€1,917 | |
| Remuneration, social security and pensions | 62 | €53,811 | €57,983 | +€4,172 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,803 | €38,837 | +€2,034 | +5.5% |
| Other operating charges | 640/8 | €13,211 | €12,815 | -€395 | -3.0% |
| Gross operating margin | 9900 | €118,345 | €125,069 | +€6,724 | +5.7% |
| Operating profit (loss) | 9901 | €14,521 | €15,434 | +€914 | +6.3% |
| Financial income | 75/76B | €412 | €19 | -€392 | -95.3% |
| Recurring financial income | 75 | €412 | €19 | -€392 | -95.3% |
| Financial charges | 65/66B | €8,208 | €14,250 | +€6,042 | +73.6% |
| Recurring financial charges | 65 | €8,208 | €14,250 | +€6,042 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €6,725 | €1,204 | -€5,521 | -82.1% |
| Income taxes | 67/77 | €135 | €178 | +€43 | +31.7% |
| Profit (loss) for the period | 9904 | €6,589 | €1,025 | -€5,564 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,589 | €1,025 | -€5,564 | -84.4% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.