DESMECHT: 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.
DESMECHT
Largest movements
- Cash +€128,918
up €128,918 (+63.7%), from €202,256 to €331,175
mainly Net result for the year (+€189,052) and Receivables after one year (+€75,000)
- Receivables after one year -€75,000
down €75,000 (-16.7%), from €450,000 to €375,000
- Reserves +€33,000
up €33,000 (+2.6%), from €1.3m to €1.3m
of which Distributable reserves: +€33,000
- Tax, wage and social debts +€17,700
up €17,700 (+129%), from €13,695 to €31,395
of which Remuneration and social security: +€10,260
- Gross operating margin +€60,030
up €60,030 (+15.6%), from €385,468 to €445,498
- Staff costs +€22,508
up €22,508 (+14.0%), from €160,583 to €183,091
- Taxes +€10,437
up €10,437 (+14.2%), from €73,300 to €83,737
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 | €1,385,097 | €1,438,789 | +€53,692 | +3.9% |
| Fixed assets | 21/28 | €24,265 | €21,996 | -€2,269 | -9.4% |
| Tangible fixed assets | 22/27 | €24,265 | €21,996 | -€2,269 | -9.4% |
| Plant, machinery and equipment | 23 | €7,291 | €8,845 | +€1,554 | +21.3% |
| Other tangible fixed assets | 26 | €16,974 | €13,151 | -€3,823 | -22.5% |
| Current assets | 29/58 | €1,360,833 | €1,416,794 | +€55,961 | +4.1% |
| Amounts receivable after more than one year | 29 | €450,000 | €375,000 | -€75,000 | -16.7% |
| Other amounts receivable | 291 | €450,000 | €375,000 | -€75,000 | -16.7% |
| Stocks and contracts in progress | 3 | €239,219 | €233,776 | -€5,444 | -2.3% |
| Stocks | 30/36 | €239,219 | €233,776 | -€5,444 | -2.3% |
| Amounts receivable within one year | 40/41 | €11,170 | €9,766 | -€1,404 | -12.6% |
| Trade receivables | 40 | €880 | €766 | -€114 | -13.0% |
| Other amounts receivable | 41 | €10,289 | €9,000 | -€1,289 | -12.5% |
| Current investments | 50/53 | €458,188 | €466,322 | +€8,135 | +1.8% |
| Cash at bank and in hand | 54/58 | €202,256 | €331,175 | +€128,918 | +63.7% |
| Deferred charges and accrued income | 490/1 | - | €755 | +€755 | |
| Total equity and liabilities | 10/49 | €1,385,097 | €1,438,789 | +€53,692 | +3.9% |
| Equity | 10/15 | €1,329,016 | €1,362,068 | +€33,052 | +2.5% |
| Contributions | 10/11 | €46,331 | €46,331 | = | 0.0% |
| Reserves | 13 | €1,281,133 | €1,314,133 | +€33,000 | +2.6% |
| Non-distributable reserves | 130/1 | €4,633 | €4,633 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,633 | €4,633 | = | 0.0% |
| Distributable reserves | 133 | €1,276,500 | €1,309,500 | +€33,000 | +2.6% |
| Profit (loss) carried forward | 14 | €1,552 | €1,604 | +€52 | +3.3% |
| Amounts payable | 17/49 | €56,081 | €76,721 | +€20,640 | +36.8% |
| Amounts payable within one year | 42/48 | €56,081 | €76,721 | +€20,640 | +36.8% |
| Trade debts | 44 | €37,875 | €41,700 | +€3,825 | +10.1% |
| Suppliers | 440/4 | €37,875 | €41,700 | +€3,825 | +10.1% |
| Advances received on contracts in progress | 46 | €2,362 | €2,623 | +€261 | +11.1% |
| Taxes, remuneration and social security | 45 | €13,695 | €31,395 | +€17,700 | +129% |
| Taxes | 450/3 | €4,710 | €12,150 | +€7,439 | +158% |
| Remuneration and social security | 454/9 | €8,985 | €19,245 | +€10,260 | +114% |
| Other amounts payable | 47/48 | €2,149 | €1,003 | -€1,146 | -53.3% |
| Remuneration, social security and pensions | 62 | €160,583 | €183,091 | +€22,508 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,280 | €8,054 | +€2,773 | +52.5% |
| Other operating charges | 640/8 | €1,937 | €1,987 | +€50 | +2.6% |
| Gross operating margin | 9900 | €385,468 | €445,498 | +€60,030 | +15.6% |
| Operating profit (loss) | 9901 | €217,667 | €252,366 | +€34,699 | +15.9% |
| Financial income | 75/76B | €22,203 | €21,332 | -€871 | -3.9% |
| Recurring financial income | 75 | €22,203 | €21,332 | -€871 | -3.9% |
| Financial charges | 65/66B | €826 | €909 | +€83 | +10.0% |
| Recurring financial charges | 65 | €826 | €909 | +€83 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €239,044 | €272,789 | +€33,745 | +14.1% |
| Income taxes | 67/77 | €73,300 | €83,737 | +€10,437 | +14.2% |
| Profit (loss) for the period | 9904 | €165,745 | €189,052 | +€23,307 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €165,745 | €189,052 | +€23,307 | +14.1% |
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.