Storm Desselgem: 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.
Storm Desselgem
Largest movements
- Current investments -€671,406
down €671,406 (-100.0%), from €671,406 to €0
- Tangible fixed assets -€401,673
down €401,673 (-15.8%), from €2.5m to €2.1m
- Cash +€374,602
up €374,602 (+990.9%), from €37,805 to €412,407
mainly Current investments (+€671,406) and Depreciation (+€401,673)
- Debts after one year -€434,103
down €434,103 (-17.0%), from €2.6m to €2.1m
- Reserves -€207,703
down €207,703 (-53.1%), from €391,279 to €183,576
of which Distributable reserves: -€207,703
- Short-term financial debts -€199,217
down €199,217 (-100.0%), from €199,217 to €0
- Trade debts +€97,824
up €97,824 (+731.3%), from €13,377 to €111,201
- Taxes -€31,736
down €31,736 (-40.7%), from €78,071 to €46,335
- Gross operating margin +€27,508
up €27,508 (+4.4%), from €630,230 to €657,738
- Financial income -€20,497
down €20,497 (-59.9%), from €34,224 to €13,727
- Financial charges -€9,826
down €9,826 (-10.2%), from €96,403 to €86,576
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,886,836 | €3,165,245 | -€721,591 | -18.6% |
| Fixed assets | 21/28 | €2,542,702 | €2,141,029 | -€401,673 | -15.8% |
| Tangible fixed assets | 22/27 | €2,542,702 | €2,141,029 | -€401,673 | -15.8% |
| Plant, machinery and equipment | 23 | €2,542,702 | €2,141,029 | -€401,673 | -15.8% |
| Current assets | 29/58 | €1,344,135 | €1,024,217 | -€319,918 | -23.8% |
| Amounts receivable within one year | 40/41 | €571,682 | €553,605 | -€18,077 | -3.2% |
| Trade receivables | 40 | €293,270 | €549,146 | +€255,876 | +87.2% |
| Other amounts receivable | 41 | €278,412 | €4,459 | -€273,953 | -98.4% |
| Current investments | 50/53 | €671,406 | €0 | -€671,406 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,805 | €412,407 | +€374,602 | +990.9% |
| Deferred charges and accrued income | 490/1 | €63,242 | €58,205 | -€5,037 | -8.0% |
| Total equity and liabilities | 10/49 | €3,886,836 | €3,165,245 | -€721,591 | -18.6% |
| Equity | 10/15 | €525,766 | €318,064 | -€207,703 | -39.5% |
| Contributions | 10/11 | €134,488 | €134,488 | = | 0.0% |
| Capital | 10 | €134,488 | €134,488 | = | 0.0% |
| Issued capital | 100 | €134,488 | €134,488 | = | 0.0% |
| Reserves | 13 | €391,279 | €183,576 | -€207,703 | -53.1% |
| Non-distributable reserves | 130/1 | €13,449 | €13,449 | = | 0.0% |
| Legal reserve | 130 | €13,449 | €13,449 | = | 0.0% |
| Distributable reserves | 133 | €377,830 | €170,127 | -€207,703 | -55.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,361,070 | €2,847,182 | -€513,888 | -15.3% |
| Amounts payable after more than one year | 17 | €2,550,698 | €2,116,595 | -€434,103 | -17.0% |
| Financial debts | 170/4 | €2,550,698 | €2,116,595 | -€434,103 | -17.0% |
| Amounts payable within one year | 42/48 | €692,375 | €605,863 | -€86,512 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €439,182 | €434,103 | -€5,079 | -1.2% |
| Financial debts | 43 | €199,217 | €0 | -€199,217 | -100.0% |
| Credit institutions | 430/8 | €199,217 | €0 | -€199,217 | -100.0% |
| Trade debts | 44 | €13,377 | €111,201 | +€97,824 | +731.3% |
| Suppliers | 440/4 | €13,377 | €111,201 | +€97,824 | +731.3% |
| Taxes, remuneration and social security | 45 | €40,599 | €60,449 | +€19,850 | +48.9% |
| Taxes | 450/3 | €40,599 | €60,449 | +€19,850 | +48.9% |
| Other amounts payable | 47/48 | €0 | €109 | +€109 | |
| Accrued charges and deferred income | 492/3 | €117,997 | €124,724 | +€6,727 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401,673 | €401,673 | = | 0.0% |
| Other operating charges | 640/8 | €10,236 | €5,330 | -€4,906 | -47.9% |
| Gross operating margin | 9900 | €630,230 | €657,738 | +€27,508 | +4.4% |
| Operating profit (loss) | 9901 | €218,321 | €250,735 | +€32,414 | +14.8% |
| Financial income | 75/76B | €34,224 | €13,727 | -€20,497 | -59.9% |
| Recurring financial income | 75 | €34,224 | €13,727 | -€20,497 | -59.9% |
| Financial charges | 65/66B | €96,403 | €86,576 | -€9,826 | -10.2% |
| Recurring financial charges | 65 | €96,403 | €86,576 | -€9,826 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €156,143 | €177,886 | +€21,743 | +13.9% |
| Income taxes | 67/77 | €78,071 | €46,335 | -€31,736 | -40.7% |
| Profit (loss) for the period | 9904 | €78,072 | €131,551 | +€53,479 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,072 | €131,551 | +€53,479 | +68.5% |
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 8 October 2026 via checked.be.