Dema: 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.
What changed
Dema
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€223,817
2024 · €423,835-€200,018
Equity
€9.7m
2024 · €9.5m+€223,817
Cash
€225,099
2024 · €96,571+€128,528
Balance sheet total
€10.8m
2024 · €10.9m-€126,726
Largest movements
Assets
- Stocks and contracts -€173,388
down €173,388 (-4.9%), from €3.5m to €3.3m
- Cash +€128,528
up €128,528 (+133.1%), from €96,571 to €225,099
mainly Net result for the year (+€223,817) and Stocks and contracts (+€173,388)
Equity and liabilities
- Reserves +€223,817
up €223,817 (+2.4%), from €9.2m to €9.4m
of which Distributable reserves: +€223,817
- Trade debts -€216,068
down €216,068 (-22.2%), from €971,518 to €755,450
- Tax, wage and social debts -€152,379
down €152,379 (-30.3%), from €502,885 to €350,506
of which Remuneration and social security: -€126,172
Income statement
- Turnover +€337,089
up €337,089 (+2.6%), from €13.0m to €13.4m
- Goods and materials +€307,741
up €307,741 (+3.7%), from €8.3m to €8.6m
of which Purchases: +€402,610
- Staff costs +€183,161
up €183,161 (+11.3%), from €1.6m to €1.8m
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.
Result 2024
€423,835
Turnover
+€337,089
Other operating income
-€54,202
Goods and materials
-€307,741
Services and other goods
-€84,599
Staff costs
-€183,161
Depreciation
+€63,285
Write-downs
+€77,534
Other operating charges
-€16,622
Other operating items
-€98,114
Financial income
-€10,456
Financial charges
+€11,588
Taxes
+€65,380
Result 2025
€223,817
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.
From operations
+€90,053
Investment
+€38,475
Financing
€0
Cash 2024
€96,571
From operations (derived)
+€90,053
Net result for the year
+€223,817
Depreciation
+€79,333
Receivables after one year
-€54,115
Stocks and contracts
+€173,388
Receivables within one year
+€26,636
Deferred charges and accrued income
-€8,464
Trade debts
-€216,068
Tax, wage and social debts
-€152,379
Accrued charges and deferred income
+€17,905
Investment (derived)
+€38,475
Investment in fixed assets (net)
+€38,475
Cash 2025
€225,099
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,930,684 | €10,803,958 | -€126,726 | -1.2% |
| Fixed assets | 21/28 | €375,222 | €257,414 | -€117,808 | -31.4% |
| Intangible fixed assets | 21 | €77,344 | €56,719 | -€20,625 | -26.7% |
| Tangible fixed assets | 22/27 | €223,878 | €200,696 | -€23,182 | -10.4% |
| Plant, machinery and equipment | 23 | €36,667 | €23,497 | -€13,170 | -35.9% |
| Furniture and vehicles | 24 | €48,906 | €65,849 | +€16,943 | +34.6% |
| Other tangible fixed assets | 26 | €138,304 | €111,349 | -€26,955 | -19.5% |
| Financial fixed assets | 28 | €74,001 | - | -€74,001 | |
| Other financial fixed assets | 284/8 | €74,001 | - | -€74,001 | |
| Amounts receivable and cash guarantees | 285/8 | €74,001 | - | -€74,001 | |
| Current assets | 29/58 | €10,555,461 | €10,546,543 | -€8,918 | -0.1% |
| Amounts receivable after more than one year | 29 | €6,533,635 | €6,587,750 | +€54,115 | +0.8% |
| Other amounts receivable | 291 | €6,533,635 | €6,587,750 | +€54,115 | +0.8% |
| Stocks and contracts in progress | 3 | €3,513,243 | €3,339,854 | -€173,388 | -4.9% |
| Stocks | 30/36 | €3,513,243 | €3,339,854 | -€173,388 | -4.9% |
| Goods purchased for resale | 34 | €3,513,243 | €3,339,854 | -€173,388 | -4.9% |
| Amounts receivable within one year | 40/41 | €313,827 | €287,191 | -€26,636 | -8.5% |
| Trade receivables | 40 | €288,231 | €224,743 | -€63,488 | -22.0% |
| Other amounts receivable | 41 | €25,597 | €62,448 | +€36,852 | +144.0% |
| Cash at bank and in hand | 54/58 | €96,571 | €225,099 | +€128,528 | +133.1% |
| Deferred charges and accrued income | 490/1 | €98,185 | €106,649 | +€8,464 | +8.6% |
| Total equity and liabilities | 10/49 | €10,930,684 | €10,803,958 | -€126,726 | -1.2% |
| Equity | 10/15 | €9,456,281 | €9,680,098 | +€223,817 | +2.4% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €9,194,281 | €9,418,098 | +€223,817 | +2.4% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,459 | €196,459 | = | 0.0% |
| Distributable reserves | 133 | €8,971,621 | €9,195,438 | +€223,817 | +2.5% |
| Amounts payable | 17/49 | €1,474,403 | €1,123,860 | -€350,543 | -23.8% |
| Amounts payable within one year | 42/48 | €1,474,403 | €1,105,955 | -€368,447 | -25.0% |
| Trade debts | 44 | €971,518 | €755,450 | -€216,068 | -22.2% |
| Suppliers | 440/4 | €971,518 | €755,450 | -€216,068 | -22.2% |
| Taxes, remuneration and social security | 45 | €502,885 | €350,506 | -€152,379 | -30.3% |
| Taxes | 450/3 | €73,145 | €46,938 | -€26,207 | -35.8% |
| Remuneration and social security | 454/9 | €429,740 | €303,568 | -€126,172 | -29.4% |
| Accrued charges and deferred income | 492/3 | - | €17,905 | +€17,905 | |
| Operating income | 70/76A | €13,272,420 | €13,457,122 | +€184,702 | +1.4% |
| Turnover | 70 | €13,041,744 | €13,378,834 | +€337,089 | +2.6% |
| Other operating income | 74 | €132,490 | €78,288 | -€54,202 | -40.9% |
| Non-recurring operating income | 76A | €98,185 | - | -€98,185 | |
| Operating charges | 60/66A | €12,697,633 | €13,148,865 | +€451,232 | +3.6% |
| Goods for resale, raw materials and consumables | 60 | €8,293,022 | €8,600,763 | +€307,741 | +3.7% |
| Purchases | 600/8 | €7,919,734 | €8,322,344 | +€402,610 | +5.1% |
| Change in stocks: decrease (increase) | 609 | €373,288 | €278,419 | -€94,869 | -25.4% |
| Services and other goods | 61 | €2,663,511 | €2,748,110 | +€84,599 | +3.2% |
| Remuneration, social security and pensions | 62 | €1,621,536 | €1,804,696 | +€183,161 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,618 | €79,333 | -€63,285 | -44.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,496 | -€105,030 | -€77,534 | -282.0% |
| Other operating charges | 640/8 | €4,372 | €20,994 | +€16,622 | +380.2% |
| Non-recurring operating charges | 66A | €71 | - | -€71 | |
| Operating profit (loss) | 9901 | €574,786 | €308,257 | -€266,530 | -46.4% |
| Financial income | 75/76B | €73,020 | €62,564 | -€10,456 | -14.3% |
| Recurring financial income | 75 | €72,984 | €62,564 | -€10,421 | -14.3% |
| Other financial income | 752/9 | €72,984 | €62,564 | -€10,421 | -14.3% |
| Non-recurring financial income | 76B | €35 | - | -€35 | |
| Financial charges | 65/66B | €70,314 | €58,727 | -€11,588 | -16.5% |
| Recurring financial charges | 65 | €70,314 | €58,727 | -€11,588 | -16.5% |
| Debt charges | 650 | €1,155 | €580 | -€575 | -49.8% |
| Other financial charges | 652/9 | €69,159 | €58,146 | -€11,012 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €577,492 | €312,094 | -€265,398 | -46.0% |
| Income taxes | 67/77 | €153,656 | €88,277 | -€65,380 | -42.5% |
| Taxes | 670/3 | €153,686 | €89,221 | -€64,465 | -41.9% |
| Tax adjustments and reversals of tax provisions | 77 | €30 | €944 | +€914 | +3064.3% |
| Profit (loss) for the period | 9904 | €423,835 | €223,817 | -€200,018 | -47.2% |
| Transfer from tax-exempt reserves | 789 | €106,800 | - | -€106,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €530,635 | €223,817 | -€306,818 | -57.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.