DEM SERVICE: 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.
DEM SERVICE
Largest movements
- Tangible fixed assets +€137,169
up €137,169 (+25.0%), from €549,222 to €686,391
of which Land and buildings: +€116,546
- Cash -€56,241
down €56,241 (-70.0%), from €80,399 to €24,158
mainly Investment in fixed assets (net) (-€168,956) and Current portion of long-term debt (-€31,028)
- Stocks and contracts +€18,788
new in 2025: €18,788
- Trade debts +€67,219
up €67,219 (+3,433%), from €1,958 to €69,177
- Other debts +€57,652
up €57,652 (+200%), from €28,776 to €86,428
- Current portion of long-term debt -€31,028
down €31,028 (-61.0%), from €50,883 to €19,855
- Profit (loss) carried forward +€21,801
up €21,801 (+11.1%), from €197,237 to €219,038
- Debts after one year -€19,856
down €19,856 (-5.6%), from €356,861 to €337,005
- Gross operating margin -€58,734
down €58,734 (-42.4%), from €138,603 to €79,869
- Depreciation +€22,618
up €22,618 (+252%), from €8,969 to €31,587
- Taxes -€18,863
down €18,863 (-69.8%), from €27,026 to €8,163
- Financial charges +€16,479
up €16,479 (+1,506%), from €1,094 to €17,573
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 | €666,540 | €761,676 | +€95,136 | +14.3% |
| Fixed assets | 21/28 | €549,222 | €686,591 | +€137,369 | +25.0% |
| Tangible fixed assets | 22/27 | €549,222 | €686,391 | +€137,169 | +25.0% |
| Land and buildings | 22 | €527,584 | €644,130 | +€116,546 | +22.1% |
| Plant, machinery and equipment | 23 | €3,799 | €30,590 | +€26,791 | +705% |
| Furniture and vehicles | 24 | €17,839 | €11,671 | -€6,168 | -34.6% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €117,318 | €75,085 | -€42,233 | -36.0% |
| Stocks and contracts in progress | 3 | - | €18,788 | +€18,788 | |
| Stocks | 30/36 | - | €18,788 | +€18,788 | |
| Amounts receivable within one year | 40/41 | €36,919 | €32,139 | -€4,780 | -12.9% |
| Trade receivables | 40 | €36,919 | €26,161 | -€10,758 | -29.1% |
| Other amounts receivable | 41 | - | €5,978 | +€5,978 | |
| Cash at bank and in hand | 54/58 | €80,399 | €24,158 | -€56,241 | -70.0% |
| Total equity and liabilities | 10/49 | €666,540 | €761,676 | +€95,136 | +14.3% |
| Equity | 10/15 | €200,237 | €222,038 | +€21,801 | +10.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,237 | €219,038 | +€21,801 | +11.1% |
| Amounts payable | 17/49 | €466,303 | €539,638 | +€73,335 | +15.7% |
| Amounts payable after more than one year | 17 | €356,861 | €337,005 | -€19,856 | -5.6% |
| Financial debts | 170/4 | €356,861 | €337,005 | -€19,856 | -5.6% |
| Amounts payable within one year | 42/48 | €109,442 | €202,633 | +€93,191 | +85.2% |
| Current portion of amounts payable after more than one year | 42 | €50,883 | €19,855 | -€31,028 | -61.0% |
| Trade debts | 44 | €1,958 | €69,177 | +€67,219 | +3,433% |
| Suppliers | 440/4 | €1,958 | €69,177 | +€67,219 | +3,433% |
| Taxes, remuneration and social security | 45 | €27,825 | €27,173 | -€652 | -2.3% |
| Taxes | 450/3 | €27,825 | €8,973 | -€18,852 | -67.8% |
| Remuneration and social security | 454/9 | - | €18,200 | +€18,200 | |
| Other amounts payable | 47/48 | €28,776 | €86,428 | +€57,652 | +200% |
| Non-recurring operating income | 76A | €301 | - | -€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,969 | €31,587 | +€22,618 | +252% |
| Other operating charges | 640/8 | €549 | €775 | +€226 | +41.2% |
| Gross operating margin | 9900 | €138,603 | €79,869 | -€58,734 | -42.4% |
| Operating profit (loss) | 9901 | €129,085 | €47,507 | -€81,578 | -63.2% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €1,094 | €17,573 | +€16,479 | +1,506% |
| Recurring financial charges | 65 | €1,094 | €17,573 | +€16,479 | +1,506% |
| Profit (loss) for the period before taxes | 9903 | €127,991 | €29,964 | -€98,027 | -76.6% |
| Income taxes | 67/77 | €27,026 | €8,163 | -€18,863 | -69.8% |
| Profit (loss) for the period | 9904 | €100,965 | €21,801 | -€79,164 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,965 | €21,801 | -€79,164 | -78.4% |
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 31 October 2026 via checked.be.