DESUMAT: 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.
DESUMAT
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-16.3%), from €7.1m to €5.9m
of which Leasing and similar rights: -€629,070
- Cash +€643,057
up €643,057 (+32.9%), from €2.0m to €2.6m
mainly Depreciation (+€2.0m) and Accrued charges and deferred income (+€457,319)
- Deferred charges and accrued income +€138,199
up €138,199 (+30.8%), from €448,515 to €586,714
- Debts after one year -€732,274
down €732,274 (-26.5%), from €2.8m to €2.0m
- Accrued charges and deferred income +€457,319
up €457,319 (+9,280%), from €4,928 to €462,247
- Reserves +€229,550
up €229,550 (+4.6%), from €5.0m to €5.2m
of which Distributable reserves: +€353,518
- Current portion of long-term debt -€201,735
down €201,735 (-13.1%), from €1.5m to €1.3m
- Depreciation +€275,206
up €275,206 (+15.6%), from €1.8m to €2.0m
- Taxes -€67,505
down €67,505 (-46.7%), from €144,429 to €76,924
- Financial charges +€30,362
up €30,362 (+26.3%), from €115,293 to €145,654
- Gross operating margin -€28,457
down €28,457 (-1.1%), from €2.7m 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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,508,747 | €9,193,876 | -€314,871 | -3.3% |
| Fixed assets | 21/28 | €7,070,235 | €5,916,185 | -€1.2m | -16.3% |
| Tangible fixed assets | 22/27 | €7,070,235 | €5,916,185 | -€1.2m | -16.3% |
| Plant, machinery and equipment | 23 | €2,177,550 | €1,631,265 | -€546,285 | -25.1% |
| Furniture and vehicles | 24 | €344,656 | €365,961 | +€21,305 | +6.2% |
| Leasing and similar rights | 25 | €4,548,028 | €3,918,958 | -€629,070 | -13.8% |
| Current assets | 29/58 | €2,438,512 | €3,277,691 | +€839,179 | +34.4% |
| Amounts receivable within one year | 40/41 | €35,955 | €93,879 | +€57,923 | +161% |
| Trade receivables | 40 | €283 | €33,013 | +€32,730 | +11,581% |
| Other amounts receivable | 41 | €35,673 | €60,866 | +€25,193 | +70.6% |
| Cash at bank and in hand | 54/58 | €1,954,041 | €2,597,098 | +€643,057 | +32.9% |
| Deferred charges and accrued income | 490/1 | €448,515 | €586,714 | +€138,199 | +30.8% |
| Total equity and liabilities | 10/49 | €9,508,747 | €9,193,876 | -€314,871 | -3.3% |
| Equity | 10/15 | €5,017,292 | €5,246,842 | +€229,550 | +4.6% |
| Contributions | 10/11 | €27,289 | €27,289 | = | 0.0% |
| Reserves | 13 | €4,990,004 | €5,219,553 | +€229,550 | +4.6% |
| Tax-exempt reserves | 132 | €672,535 | €548,566 | -€123,969 | -18.4% |
| Distributable reserves | 133 | €4,317,469 | €4,670,987 | +€353,518 | +8.2% |
| Provisions and deferred taxes | 16 | €155,187 | €113,864 | -€41,323 | -26.6% |
| Deferred taxes | 168 | €155,187 | €113,864 | -€41,323 | -26.6% |
| Amounts payable | 17/49 | €4,336,267 | €3,833,169 | -€503,098 | -11.6% |
| Amounts payable after more than one year | 17 | €2,765,360 | €2,033,086 | -€732,274 | -26.5% |
| Financial debts | 170/4 | €2,765,360 | €2,033,086 | -€732,274 | -26.5% |
| Amounts payable within one year | 42/48 | €1,565,979 | €1,337,836 | -€228,143 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €1,539,571 | €1,337,836 | -€201,735 | -13.1% |
| Taxes, remuneration and social security | 45 | €26,408 | €0 | -€26,408 | -100% |
| Taxes | 450/3 | €24,429 | €0 | -€24,429 | -100% |
| Remuneration and social security | 454/9 | €1,979 | €0 | -€1,979 | -100% |
| Accrued charges and deferred income | 492/3 | €4,928 | €462,247 | +€457,319 | +9,280% |
| Non-recurring operating income | 76A | €687,850 | €199,319 | -€488,531 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765,283 | €2,040,489 | +€275,206 | +15.6% |
| Other operating charges | 640/8 | €16,829 | €16,960 | +€131 | +0.8% |
| Non-recurring operating charges | 66A | €1,034 | €167,608 | +€166,574 | +16,108% |
| Gross operating margin | 9900 | €2,664,320 | €2,635,862 | -€28,457 | -1.1% |
| Operating profit (loss) | 9901 | €881,174 | €410,805 | -€470,368 | -53.4% |
| Financial charges | 65/66B | €115,293 | €145,654 | +€30,362 | +26.3% |
| Recurring financial charges | 65 | €115,293 | €145,654 | +€30,362 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €765,881 | €265,151 | -€500,730 | -65.4% |
| Transfer from deferred taxes | 780 | €41,323 | €41,323 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €144,429 | €76,924 | -€67,505 | -46.7% |
| Profit (loss) for the period | 9904 | €662,775 | €229,550 | -€433,225 | -65.4% |
| Transfer from tax-exempt reserves | 789 | €123,969 | €123,969 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €786,743 | €353,518 | -€433,225 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.