Dr. DESMET: 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.
Dr. DESMET
Largest movements
- Current investments -€81,665
down €81,665 (-13.4%), from €609,149 to €527,484
- Tangible fixed assets +€43,707
up €43,707 (+10.5%), from €414,399 to €458,106
of which Land and buildings: +€39,413
- Reserves -€143,500
down €143,500 (-14.9%), from €966,100 to €822,600
- Tax, wage and social debts +€55,563
up €55,563 (+146%), from €38,020 to €93,583
- Other debts +€52,814
up €52,814 (+253%), from €20,879 to €73,693
- Debts after one year -€19,408
down €19,408 (-25.7%), from €75,371 to €55,963
- Financial income +€45,574
up €45,574 (+234%), from €19,459 to €65,033
- Gross operating margin +€38,245
up €38,245 (+12.0%), from €317,937 to €356,181
- Taxes +€18,778
up €18,778 (+20.1%), from €93,253 to €112,031
- Financial charges +€6,277
up €6,277 (+127%), from €4,947 to €11,224
- Other operating charges +€4,748
up €4,748 (+43.2%), from €10,981 to €15,729
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 | €1,133,526 | €1,088,967 | -€44,559 | -3.9% |
| Fixed assets | 21/28 | €414,399 | €458,106 | +€43,707 | +10.5% |
| Tangible fixed assets | 22/27 | €414,399 | €458,106 | +€43,707 | +10.5% |
| Land and buildings | 22 | €404,466 | €443,879 | +€39,413 | +9.7% |
| Plant, machinery and equipment | 23 | - | €2,897 | +€2,897 | |
| Furniture and vehicles | 24 | €4,589 | €7,845 | +€3,255 | +70.9% |
| Other tangible fixed assets | 26 | €5,344 | €3,486 | -€1,858 | -34.8% |
| Current assets | 29/58 | €719,126 | €630,860 | -€88,266 | -12.3% |
| Current investments | 50/53 | €609,149 | €527,484 | -€81,665 | -13.4% |
| Cash at bank and in hand | 54/58 | €109,977 | €101,142 | -€8,836 | -8.0% |
| Deferred charges and accrued income | 490/1 | - | €2,235 | +€2,235 | |
| Total equity and liabilities | 10/49 | €1,133,526 | €1,088,967 | -€44,559 | -3.9% |
| Equity | 10/15 | €978,637 | €835,236 | -€143,401 | -14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €966,100 | €822,600 | -€143,500 | -14.9% |
| Distributable reserves | 133 | €966,100 | €822,600 | -€143,500 | -14.9% |
| Profit (loss) carried forward | 14 | €137 | €236 | +€100 | +72.7% |
| Amounts payable | 17/49 | €154,889 | €253,730 | +€98,842 | +63.8% |
| Amounts payable after more than one year | 17 | €75,371 | €55,963 | -€19,408 | -25.7% |
| Financial debts | 170/4 | €75,371 | €55,963 | -€19,408 | -25.7% |
| Amounts payable within one year | 42/48 | €75,768 | €193,017 | +€117,249 | +155% |
| Current portion of amounts payable after more than one year | 42 | €16,749 | €19,408 | +€2,659 | +15.9% |
| Trade debts | 44 | €120 | €6,333 | +€6,214 | +5,194% |
| Suppliers | 440/4 | €120 | €6,333 | +€6,214 | +5,194% |
| Taxes, remuneration and social security | 45 | €38,020 | €93,583 | +€55,563 | +146% |
| Taxes | 450/3 | €38,020 | €93,583 | +€55,563 | +146% |
| Other amounts payable | 47/48 | €20,879 | €73,693 | +€52,814 | +253% |
| Accrued charges and deferred income | 492/3 | €3,750 | €4,750 | +€1,000 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,437 | €19,830 | +€2,393 | +13.7% |
| Other operating charges | 640/8 | €10,981 | €15,729 | +€4,748 | +43.2% |
| Gross operating margin | 9900 | €317,937 | €356,181 | +€38,245 | +12.0% |
| Operating profit (loss) | 9901 | €289,519 | €320,622 | +€31,103 | +10.7% |
| Financial income | 75/76B | €19,459 | €65,033 | +€45,574 | +234% |
| Recurring financial income | 75 | €19,459 | €65,033 | +€45,574 | +234% |
| Financial charges | 65/66B | €4,947 | €11,224 | +€6,277 | +127% |
| Recurring financial charges | 65 | €4,947 | €11,224 | +€6,277 | +127% |
| Profit (loss) for the period before taxes | 9903 | €304,031 | €374,431 | +€70,400 | +23.2% |
| Income taxes | 67/77 | €93,253 | €112,031 | +€18,778 | +20.1% |
| Profit (loss) for the period | 9904 | €210,778 | €262,400 | +€51,622 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,778 | €262,400 | +€51,622 | +24.5% |
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 16 October 2026 via checked.be.