GROUP 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.
GROUP DESMET
Largest movements
- Receivables within one year -€114,345
down €114,345 (-52.8%), from €216,686 to €102,341
of which Other amounts receivable: -€89,082
- Cash +€95,455
up €95,455 (+227%), from €41,994 to €137,450
mainly Receivables within one year (+€114,345) and Short-term financial debts (+€75,000)
- Stocks and contracts -€61,136
down €61,136 (-18.6%), from €328,044 to €266,908
- Tangible fixed assets -€34,695
down €34,695 (-59.4%), from €58,403 to €23,708
of which Leasing and similar rights: -€29,064
- Other debts -€110,000
down €110,000 (-88.0%), from €125,000 to €15,000
- Short-term financial debts +€75,000
up €75,000 (+42.9%), from €175,000 to €250,000
- Tax, wage and social debts -€30,775
down €30,775 (-21.8%), from €141,227 to €110,453
of which Remuneration and social security: -€25,788
- Current portion of long-term debt -€30,509
down €30,509 (-81.8%), from €37,280 to €6,771
- Advances received -€21,829
down €21,829 (-50.7%), from €43,081 to €21,252
- Staff costs -€113,164
down €113,164 (-13.8%), from €817,355 to €704,190
- Depreciation -€32,775
down €32,775 (-47.6%), from €68,854 to €36,079
- Gross operating margin -€18,244
down €18,244 (-2.3%), from €789,779 to €771,534
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 | €646,118 | €531,436 | -€114,681 | -17.7% |
| Fixed assets | 21/28 | €58,403 | €23,708 | -€34,695 | -59.4% |
| Tangible fixed assets | 22/27 | €58,403 | €23,708 | -€34,695 | -59.4% |
| Plant, machinery and equipment | 23 | €1,550 | €524 | -€1,027 | -66.2% |
| Furniture and vehicles | 24 | €12,514 | €7,910 | -€4,604 | -36.8% |
| Leasing and similar rights | 25 | €44,339 | €15,275 | -€29,064 | -65.6% |
| Current assets | 29/58 | €587,715 | €507,728 | -€79,987 | -13.6% |
| Stocks and contracts in progress | 3 | €328,044 | €266,908 | -€61,136 | -18.6% |
| Stocks | 30/36 | €328,044 | €266,908 | -€61,136 | -18.6% |
| Amounts receivable within one year | 40/41 | €216,686 | €102,341 | -€114,345 | -52.8% |
| Trade receivables | 40 | €123,347 | €98,084 | -€25,263 | -20.5% |
| Other amounts receivable | 41 | €93,339 | €4,257 | -€89,082 | -95.4% |
| Cash at bank and in hand | 54/58 | €41,994 | €137,450 | +€95,455 | +227% |
| Deferred charges and accrued income | 490/1 | €991 | €1,029 | +€38 | +3.8% |
| Total equity and liabilities | 10/49 | €646,118 | €531,436 | -€114,681 | -17.7% |
| Equity | 10/15 | €52,485 | €53,150 | +€665 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,285 | €46,950 | +€665 | +1.4% |
| Distributable reserves | 133 | €46,285 | €46,950 | +€665 | +1.4% |
| Amounts payable | 17/49 | €593,633 | €478,287 | -€115,347 | -19.4% |
| Amounts payable after more than one year | 17 | €16,755 | €9,983 | -€6,771 | -40.4% |
| Financial debts | 170/4 | €16,755 | €9,983 | -€6,771 | -40.4% |
| Amounts payable within one year | 42/48 | €576,879 | €468,303 | -€108,575 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €37,280 | €6,771 | -€30,509 | -81.8% |
| Financial debts | 43 | €175,000 | €250,000 | +€75,000 | +42.9% |
| Credit institutions | 430/8 | €175,000 | €250,000 | +€75,000 | +42.9% |
| Trade debts | 44 | €55,290 | €64,827 | +€9,537 | +17.2% |
| Suppliers | 440/4 | €55,290 | €64,827 | +€9,537 | +17.2% |
| Advances received on contracts in progress | 46 | €43,081 | €21,252 | -€21,829 | -50.7% |
| Taxes, remuneration and social security | 45 | €141,227 | €110,453 | -€30,775 | -21.8% |
| Taxes | 450/3 | €22,627 | €17,640 | -€4,987 | -22.0% |
| Remuneration and social security | 454/9 | €118,601 | €92,813 | -€25,788 | -21.7% |
| Other amounts payable | 47/48 | €125,000 | €15,000 | -€110,000 | -88.0% |
| Remuneration, social security and pensions | 62 | €817,355 | €704,190 | -€113,164 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,854 | €36,079 | -€32,775 | -47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,386 | -€3,386 | -€6,772 | |
| Other operating charges | 640/8 | €5,909 | €8,988 | +€3,080 | +52.1% |
| Non-recurring operating charges | 66A | - | €1,193 | +€1,193 | |
| Gross operating margin | 9900 | €789,779 | €771,534 | -€18,244 | -2.3% |
| Operating profit (loss) | 9901 | -€105,724 | €24,470 | +€130,194 | |
| Financial income | 75/76B | €16 | €634 | +€618 | +3,795% |
| Recurring financial income | 75 | €16 | €634 | +€618 | +3,795% |
| Financial charges | 65/66B | €28,683 | €23,963 | -€4,720 | -16.5% |
| Recurring financial charges | 65 | €28,683 | €23,963 | -€4,720 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€134,391 | €1,141 | +€135,532 | |
| Income taxes | 67/77 | €480 | €476 | -€4 | -0.9% |
| Profit (loss) for the period | 9904 | -€134,871 | €665 | +€135,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€134,871 | €665 | +€135,536 |
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 22 October 2026 via checked.be.