TMC DESMET: what changed
What changed
TMC DESMET
NACE 46.620, Wholesale of machine tools
filed annual accounts (NBB)
Net result for the year
€29,531
2024 · €27,875+€1,657
Equity
€663,844
2024 · €634,313+€29,531
Cash
€477,694
2024 · €677,808-€200,114
Balance sheet total
€2.2m
2024 · €2.4m-€226,097
Largest movements
Assets
- Cash -€200,114
down €200,114 (-29.5%), from €677,808 to €477,694
mainly Other debts (-€405,044) and Investment in fixed assets (net) (-€137,904)
- Receivables within one year -€87,203
down €87,203 (-70.6%), from €123,576 to €36,373
of which Trade receivables: -€86,320
- Tangible fixed assets +€62,095
up €62,095 (+4.0%), from €1.6m to €1.6m
of which Land and buildings: +€251,485
Equity and liabilities
- Other debts -€405,044
down €405,044 (-63.3%), from €640,016 to €234,972
- Debts after one year +€210,390
up €210,390 (+24.9%), from €844,335 to €1.1m
- Trade debts -€55,795
down €55,795 (-55.2%), from €101,065 to €45,270
- Profit (loss) carried forward +€29,531
up €29,531 (+6.3%), from €471,063 to €500,594
Income statement
- Gross operating margin -€37,814
down €37,814 (-15.0%), from €251,297 to €213,483
- Depreciation -€32,866
down €32,866 (-29.0%), from €113,145 to €80,279
- Other operating charges -€15,370
down €15,370 (-20.8%), from €73,752 to €58,382
- Financial charges +€8,804
up €8,804 (+23.2%), from €37,959 to €46,764
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,875
Gross operating margin
-€37,814
Depreciation
+€32,866
Other operating charges
+€15,370
Financial income
-€1,442
Financial charges
-€8,804
Taxes
+€1,481
Result 2025
€29,531
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€248,868
Investment
-€137,904
Financing
+€186,659
Cash 2024
€677,808
From operations (derived)
-€248,868
Net result for the year
+€29,531
Depreciation
+€80,279
Stocks and contracts
-€8,200
Receivables within one year
+€87,203
Deferred charges and accrued income
+€4,605
Trade debts
-€55,795
Tax, wage and social debts
-€1,637
Other debts
-€405,044
Accrued charges and deferred income
+€20,188
Investment (derived)
-€137,904
Investment in fixed assets (net)
-€137,904
Financing
+€186,659
Debts after one year
+€210,390
Current portion of long-term debt
-€23,732
Cash 2025
€477,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,423,397 | €2,197,299 | -€226,097 | -9.3% |
| Fixed assets | 21/28 | €1,571,316 | €1,628,942 | +€57,625 | +3.7% |
| Tangible fixed assets | 22/27 | €1,555,161 | €1,617,257 | +€62,095 | +4.0% |
| Land and buildings | 22 | €1,042,703 | €1,294,188 | +€251,485 | +24.1% |
| Plant, machinery and equipment | 23 | €94,130 | €66,688 | -€27,443 | -29.2% |
| Furniture and vehicles | 24 | €418,328 | €144,535 | -€273,794 | -65.4% |
| Assets under construction and advance payments | 27 | - | €111,846 | +€111,846 | |
| Financial fixed assets | 28 | €16,155 | €11,685 | -€4,470 | -27.7% |
| Current assets | 29/58 | €852,080 | €568,358 | -€283,722 | -33.3% |
| Stocks and contracts in progress | 3 | €42,170 | €50,370 | +€8,200 | +19.4% |
| Stocks | 30/36 | €42,170 | €50,370 | +€8,200 | +19.4% |
| Amounts receivable within one year | 40/41 | €123,576 | €36,373 | -€87,203 | -70.6% |
| Trade receivables | 40 | €107,577 | €21,257 | -€86,320 | -80.2% |
| Other amounts receivable | 41 | €15,999 | €15,116 | -€883 | -5.5% |
| Cash at bank and in hand | 54/58 | €677,808 | €477,694 | -€200,114 | -29.5% |
| Deferred charges and accrued income | 490/1 | €8,526 | €3,921 | -€4,605 | -54.0% |
| Total equity and liabilities | 10/49 | €2,423,397 | €2,197,299 | -€226,097 | -9.3% |
| Equity | 10/15 | €634,313 | €663,844 | +€29,531 | +4.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €132,250 | €132,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,712 | €15,712 | = | 0.0% |
| Distributable reserves | 133 | €116,538 | €116,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | €471,063 | €500,594 | +€29,531 | +6.3% |
| Amounts payable | 17/49 | €1,789,083 | €1,533,455 | -€255,628 | -14.3% |
| Amounts payable after more than one year | 17 | €844,335 | €1,054,725 | +€210,390 | +24.9% |
| Financial debts | 170/4 | €844,335 | €1,054,725 | +€210,390 | +24.9% |
| Amounts payable within one year | 42/48 | €944,683 | €458,476 | -€486,207 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €81,666 | €57,934 | -€23,732 | -29.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €101,065 | €45,270 | -€55,795 | -55.2% |
| Suppliers | 440/4 | €101,065 | €45,270 | -€55,795 | -55.2% |
| Taxes, remuneration and social security | 45 | €21,937 | €20,300 | -€1,637 | -7.5% |
| Taxes | 450/3 | €21,937 | €20,300 | -€1,637 | -7.5% |
| Other amounts payable | 47/48 | €640,016 | €234,972 | -€405,044 | -63.3% |
| Accrued charges and deferred income | 492/3 | €65 | €20,254 | +€20,188 | +30,959% |
| Non-recurring operating income | 76A | €68,132 | €160,049 | +€91,917 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,145 | €80,279 | -€32,866 | -29.0% |
| Other operating charges | 640/8 | €73,752 | €58,382 | -€15,370 | -20.8% |
| Gross operating margin | 9900 | €251,297 | €213,483 | -€37,814 | -15.0% |
| Operating profit (loss) | 9901 | €64,399 | €74,822 | +€10,422 | +16.2% |
| Financial income | 75/76B | €3,530 | €2,088 | -€1,442 | -40.9% |
| Recurring financial income | 75 | €3,530 | €2,088 | -€1,442 | -40.9% |
| Financial charges | 65/66B | €37,959 | €46,764 | +€8,804 | +23.2% |
| Recurring financial charges | 65 | €37,959 | €46,764 | +€8,804 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €29,971 | €30,146 | +€176 | +0.6% |
| Income taxes | 67/77 | €2,096 | €615 | -€1,481 | -70.6% |
| Profit (loss) for the period | 9904 | €27,875 | €29,531 | +€1,657 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,875 | €29,531 | +€1,657 | +5.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.