DE-MA: 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.
DE-MA
Largest movements
- Cash -€35,149
down €35,149 (-10.3%), from €341,201 to €306,052
mainly Trade debts (-€648,412) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets -€22,588
down €22,588 (-6.4%), from €353,195 to €330,607
of which Furniture and vehicles: -€48,250
- Receivables within one year +€21,702
up €21,702 (+7.2%), from €303,495 to €325,197
of which Trade receivables: +€80,718
- Financial fixed assets -€18,164
down €18,164 (-90.8%), from €20,000 to €1,836
- Trade debts -€648,412
down €648,412 (-75.1%), from €863,005 to €214,593
- Debts after one year +€203,946
up €203,946 (+165.1%), from €123,542 to €327,488
- Other debts +€201,061
new in 2025: €201,061
- Profit (loss) carried forward +€134,024
up €134,024, from -€10,346 to €123,678
- Tax, wage and social debts +€51,038
up €51,038 (+32645.3%), from €156 to €51,194
of which Taxes: +€44,062
- Gross operating margin +€488,376
up €488,376 (+1128.5%), from €43,275 to €531,651
- Depreciation +€58,903
up €58,903 (+184.2%), from €31,974 to €90,877
- Taxes +€43,110
new in 2025: €43,110
- Staff costs +€36,408
up €36,408 (+607.3%), from €5,995 to €42,403
- Other operating charges +€6,342
up €6,342 (+270.4%), from €2,346 to €8,688
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 | €1,023,215 | €968,166 | -€55,049 | -5.4% |
| Fixed assets | 21/28 | €373,195 | €332,443 | -€40,752 | -10.9% |
| Tangible fixed assets | 22/27 | €353,195 | €330,607 | -€22,588 | -6.4% |
| Land and buildings | 22 | €2,584 | - | -€2,584 | |
| Plant, machinery and equipment | 23 | €42,481 | €47,359 | +€4,878 | +11.5% |
| Furniture and vehicles | 24 | €308,131 | €259,881 | -€48,250 | -15.7% |
| Other tangible fixed assets | 26 | - | €23,368 | +€23,368 | |
| Financial fixed assets | 28 | €20,000 | €1,836 | -€18,164 | -90.8% |
| Current assets | 29/58 | €650,019 | €635,723 | -€14,296 | -2.2% |
| Amounts receivable within one year | 40/41 | €303,495 | €325,197 | +€21,702 | +7.2% |
| Trade receivables | 40 | €130,948 | €211,666 | +€80,718 | +61.6% |
| Other amounts receivable | 41 | €172,548 | €113,531 | -€59,016 | -34.2% |
| Cash at bank and in hand | 54/58 | €341,201 | €306,052 | -€35,149 | -10.3% |
| Deferred charges and accrued income | 490/1 | €5,323 | €4,474 | -€849 | -16.0% |
| Total equity and liabilities | 10/49 | €1,023,215 | €968,166 | -€55,049 | -5.4% |
| Equity | 10/15 | -€8,346 | €125,678 | +€134,024 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,346 | €123,678 | +€134,024 | |
| Amounts payable | 17/49 | €1,031,561 | €842,488 | -€189,072 | -18.3% |
| Amounts payable after more than one year | 17 | €123,542 | €327,488 | +€203,946 | +165.1% |
| Financial debts | 170/4 | €123,542 | €327,488 | +€203,946 | +165.1% |
| Amounts payable within one year | 42/48 | €908,018 | €515,000 | -€393,018 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €44,858 | €48,152 | +€3,295 | +7.3% |
| Trade debts | 44 | €863,005 | €214,593 | -€648,412 | -75.1% |
| Suppliers | 440/4 | €863,005 | €214,593 | -€648,412 | -75.1% |
| Taxes, remuneration and social security | 45 | €156 | €51,194 | +€51,038 | +32645.3% |
| Taxes | 450/3 | - | €44,062 | +€44,062 | |
| Remuneration and social security | 454/9 | €156 | €7,132 | +€6,976 | +4461.8% |
| Other amounts payable | 47/48 | - | €201,061 | +€201,061 | |
| Remuneration, social security and pensions | 62 | €5,995 | €42,403 | +€36,408 | +607.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,974 | €90,877 | +€58,903 | +184.2% |
| Other operating charges | 640/8 | €2,346 | €8,688 | +€6,342 | +270.4% |
| Non-recurring operating charges | 66A | €165 | €657 | +€492 | +298.0% |
| Gross operating margin | 9900 | €43,275 | €531,651 | +€488,376 | +1128.5% |
| Operating profit (loss) | 9901 | €2,796 | €389,026 | +€386,231 | +13814.8% |
| Financial income | 75/76B | €192 | €190 | -€2 | -1.0% |
| Recurring financial income | 75 | €192 | €190 | -€2 | -1.0% |
| Financial charges | 65/66B | €13,334 | €12,083 | -€1,251 | -9.4% |
| Recurring financial charges | 65 | €13,334 | €12,083 | -€1,251 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,346 | €377,134 | +€387,480 | |
| Income taxes | 67/77 | - | €43,110 | +€43,110 | |
| Profit (loss) for the period | 9904 | -€10,346 | €334,024 | +€344,370 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,346 | €334,024 | +€344,370 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.