DESOTEC: 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.
What changed
DESOTEC
NACE 20.140, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €9.5m-€2.9m
Equity
€52.3m
2024 · €45.8m+€6.5m
Cash
€10.6m
2024 · €7.0m+€3.6m
Balance sheet total
€326.4m
2024 · €278.9m+€47.5m
Largest movements
Assets
- Receivables within one year +€35.2m
up €35.2m (+86.1%), from €40.9m to €76.1m
of which Other amounts receivable: +€35.3m
- Intangible fixed assets +€5.4m
up €5.4m (+84.7%), from €6.4m to €11.8m
- Tangible fixed assets +€4.3m
up €4.3m (+4.8%), from €89.6m to €93.9m
of which Assets under construction and advance payments: +€3.9m
- Cash +€3.6m
up €3.6m (+51.1%), from €7.0m to €10.6m
mainly Debts after one year (+€61.0m) and Depreciation (+€17.3m)
Equity and liabilities
- Debts after one year +€61.0m
up €61.0m (+35.9%), from €169.8m to €230.8m
of which Financial debts: +€61.0m
- Current portion of long-term debt -€19.9m
no longer reported in 2025 (was €19.9m)
- Profit (loss) carried forward +€6.6m
up €6.6m (+63.1%), from €10.5m to €17.2m
Income statement
- Turnover +€11.6m
up €11.6m (+7.8%), from €149.0m to €160.5m
- Services and other goods +€4.9m
up €4.9m (+9.6%), from €51.0m to €55.9m
- Depreciation +€2.3m
up €2.3m (+15.5%), from €15.0m to €17.3m
- Taxes +€2.3m
up €2.3m (+202.5%), from €1.1m to €3.4m
of which Taxes: +€2.0m
- Financial income +€1.7m
up €1.7m (+193.6%), from €891,984 to €2.6m
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
€9.5m
Turnover
+€11.6m
Other operating income
-€120,767
Goods and materials
-€407,738
Services and other goods
-€4.9m
Staff costs
-€1.4m
Depreciation
-€2.3m
Write-downs
+€178,579
Provisions
+€739
Other operating charges
-€218,787
Other operating items
-€3.3m
Financial income
+€1.7m
Financial charges
-€1.4m
Taxes
-€2.3m
Result 2025
€6.6m
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.
From operations
-€10.4m
Investment
-€27.0m
Financing
+€41.0m
Cash 2024
€7.0m
From operations (derived)
-€10.4m
Net result for the year
+€6.6m
Depreciation
+€17.3m
Stocks and contracts
+€911,926
Receivables within one year
-€35.2m
Smaller working-capital items
-€28,963
Trade debts
-€1.8m
Tax, wage and social debts
+€1.3m
Advances received
-€290,441
Other debts
+€800,024
Investment (derived)
-€27.0m
Investment in fixed assets (net)
-€27.0m
Financing
+€41.0m
Debts after one year
+€61.0m
Current portion of long-term debt
-€19.9m
Contributions, distributions and other
-€131,405
Cash 2025
€10.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,882,709 | €326,387,828 | +€47.5m | +17.0% |
| Fixed assets | 21/28 | €209,936,465 | €219,634,831 | +€9.7m | +4.6% |
| Intangible fixed assets | 21 | €6,376,520 | €11,774,275 | +€5.4m | +84.7% |
| Tangible fixed assets | 22/27 | €89,556,209 | €93,882,733 | +€4.3m | +4.8% |
| Land and buildings | 22 | €12,002,213 | €11,734,899 | -€267,314 | -2.2% |
| Plant, machinery and equipment | 23 | €33,102,088 | €33,727,990 | +€625,901 | +1.9% |
| Furniture and vehicles | 24 | €1,755,685 | €1,855,682 | +€99,997 | +5.7% |
| Assets under construction and advance payments | 27 | €42,696,223 | €46,564,162 | +€3.9m | +9.1% |
| Financial fixed assets | 28 | €114,003,735 | €113,977,823 | -€25,913 | 0.0% |
| Affiliated companies | 280/1 | €113,903,453 | €113,872,057 | -€31,397 | 0.0% |
| Participating interests | 280 | €113,903,453 | €113,872,057 | -€31,397 | 0.0% |
| Other financial fixed assets | 284/8 | €100,282 | €105,766 | +€5,484 | +5.5% |
| Amounts receivable and cash guarantees | 285/8 | €100,282 | €105,766 | +€5,484 | +5.5% |
| Current assets | 29/58 | €68,946,245 | €106,752,997 | +€37.8m | +54.8% |
| Stocks and contracts in progress | 3 | €20,013,970 | €19,102,044 | -€911,926 | -4.6% |
| Stocks | 30/36 | €20,013,970 | €19,102,044 | -€911,926 | -4.6% |
| Raw materials and consumables | 30/31 | €50,846 | €129,980 | +€79,133 | +155.6% |
| Goods purchased for resale | 34 | €19,963,123 | €18,972,064 | -€991,060 | -5.0% |
| Amounts receivable within one year | 40/41 | €40,893,376 | €76,110,047 | +€35.2m | +86.1% |
| Trade receivables | 40 | €27,030,785 | €26,954,660 | -€76,125 | -0.3% |
| Other amounts receivable | 41 | €13,862,591 | €49,155,387 | +€35.3m | +254.6% |
| Cash at bank and in hand | 54/58 | €7,001,499 | €10,575,863 | +€3.6m | +51.1% |
| Deferred charges and accrued income | 490/1 | €1,037,399 | €965,043 | -€72,356 | -7.0% |
| Total equity and liabilities | 10/49 | €278,882,709 | €326,387,828 | +€47.5m | +17.0% |
| Equity | 10/15 | €45,759,097 | €52,263,810 | +€6.5m | +14.2% |
| Contributions | 10/11 | €32,143,000 | €32,143,000 | = | 0.0% |
| Capital | 10 | €149,864 | €149,864 | = | 0.0% |
| Issued capital | 100 | €149,864 | €149,864 | = | 0.0% |
| Outside capital | 11 | €31,993,136 | €31,993,136 | = | 0.0% |
| Other | 1109/19 | €31,993,136 | €31,993,136 | = | 0.0% |
| Reserves | 13 | €1,094,795 | €1,094,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,986 | €14,986 | = | 0.0% |
| Legal reserve | 130 | €14,986 | €14,986 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,042,309 | €1,042,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,522,660 | €17,158,779 | +€6.6m | +63.1% |
| Investment grants | 15 | €1,998,641 | €1,867,236 | -€131,405 | -6.6% |
| Provisions and deferred taxes | 16 | €12,488 | €14,674 | +€2,186 | +17.5% |
| Provisions for liabilities and charges | 160/5 | €12,488 | €14,674 | +€2,186 | +17.5% |
| Pensions and similar obligations | 160 | €12,488 | €14,674 | +€2,186 | +17.5% |
| Amounts payable | 17/49 | €233,111,125 | €274,109,344 | +€41.0m | +17.6% |
| Amounts payable after more than one year | 17 | €169,788,174 | €230,788,174 | +€61.0m | +35.9% |
| Financial debts | 170/4 | €149,000,000 | €210,000,000 | +€61.0m | +40.9% |
| Credit institutions | 173 | €149,000,000 | €210,000,000 | +€61.0m | +40.9% |
| Other amounts payable | 178/9 | €20,788,174 | €20,788,174 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,303,713 | €39,405,437 | -€19.9m | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €19,860,000 | - | -€19.9m | |
| Trade debts | 44 | €32,919,405 | €31,069,565 | -€1.8m | -5.6% |
| Suppliers | 440/4 | €32,919,405 | €31,069,565 | -€1.8m | -5.6% |
| Advances received on contracts in progress | 46 | €562,594 | €272,154 | -€290,441 | -51.6% |
| Taxes, remuneration and social security | 45 | €3,245,063 | €4,547,045 | +€1.3m | +40.1% |
| Taxes | 450/3 | €380,596 | €1,810,794 | +€1.4m | +375.8% |
| Remuneration and social security | 454/9 | €2,864,467 | €2,736,251 | -€128,216 | -4.5% |
| Other amounts payable | 47/48 | €2,716,650 | €3,516,674 | +€800,024 | +29.4% |
| Accrued charges and deferred income | 492/3 | €4,019,238 | €3,915,733 | -€103,505 | -2.6% |
| Operating income | 70/76A | €166,772,903 | €174,938,239 | +€8.2m | +4.9% |
| Turnover | 70 | €148,954,128 | €160,509,443 | +€11.6m | +7.8% |
| Own construction capitalised | 72 | €16,206,412 | €12,937,200 | -€3.3m | -20.2% |
| Other operating income | 74 | €1,612,363 | €1,491,596 | -€120,767 | -7.5% |
| Operating charges | 60/66A | €140,927,085 | €150,037,123 | +€9.1m | +6.5% |
| Goods for resale, raw materials and consumables | 60 | €57,167,978 | €57,575,717 | +€407,738 | +0.7% |
| Purchases | 600/8 | €57,815,643 | €56,387,975 | -€1.4m | -2.5% |
| Change in stocks: decrease (increase) | 609 | -€647,665 | €1,187,741 | +€1.8m | |
| Services and other goods | 61 | €50,985,353 | €55,897,172 | +€4.9m | +9.6% |
| Remuneration, social security and pensions | 62 | €17,379,517 | €18,811,613 | +€1.4m | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,979,666 | €17,298,582 | +€2.3m | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €73,497 | -€105,083 | -€178,579 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,925 | €2,186 | -€739 | -25.3% |
| Other operating charges | 640/8 | €338,149 | €556,936 | +€218,787 | +64.7% |
| Operating profit (loss) | 9901 | €25,845,818 | €24,901,117 | -€944,701 | -3.7% |
| Financial income | 75/76B | €891,984 | €2,618,491 | +€1.7m | +193.6% |
| Recurring financial income | 75 | €891,984 | €2,618,491 | +€1.7m | +193.6% |
| Income from current assets | 751 | - | €54,768 | +€54,768 | |
| Other financial income | 752/9 | €891,984 | €2,563,723 | +€1.7m | +187.4% |
| Financial charges | 65/66B | €16,130,956 | €17,512,369 | +€1.4m | +8.6% |
| Recurring financial charges | 65 | €16,130,956 | €17,512,369 | +€1.4m | +8.6% |
| Debt charges | 650 | €14,970,413 | €15,894,089 | +€923,676 | +6.2% |
| Other financial charges | 652/9 | €1,160,543 | €1,618,279 | +€457,737 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €10,606,846 | €10,007,238 | -€599,608 | -5.7% |
| Income taxes | 67/77 | €1,114,411 | €3,371,120 | +€2.3m | +202.5% |
| Taxes | 670/3 | €1,330,116 | €3,371,120 | +€2.0m | +153.4% |
| Tax adjustments and reversals of tax provisions | 77 | €215,705 | - | -€215,705 | |
| Profit (loss) for the period | 9904 | €9,492,435 | €6,636,119 | -€2.9m | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,492,435 | €6,636,119 | -€2.9m | -30.1% |
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.