DEMA: 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.
DEMA
Largest movements
- Tangible fixed assets -€24,271
down €24,271 (-5.9%), from €412,266 to €387,995
of which Land and buildings: -€24,054
- Other debts -€21,991
down €21,991 (-21.1%), from €104,140 to €82,149
- Reserves -€7,895
down €7,895 (-5.4%), from €145,532 to €137,637
of which Tax-exempt reserves: -€7,895
- Profit (loss) carried forward +€5,429
up €5,429 (+4.2%), from -€129,008 to -€123,579
- Depreciation -€1,988
down €1,988 (-7.2%), from €27,767 to €25,779
- Gross operating margin +€626
up €626 (+1.9%), from €33,084 to €33,710
- Financial charges -€536
down €536 (-7.3%), from €7,290 to €6,754
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 | €446,636 | €418,579 | -€28,057 | -6.3% |
| Fixed assets | 21/28 | €412,516 | €388,245 | -€24,271 | -5.9% |
| Tangible fixed assets | 22/27 | €412,266 | €387,995 | -€24,271 | -5.9% |
| Land and buildings | 22 | €411,802 | €387,748 | -€24,054 | -5.8% |
| Furniture and vehicles | 24 | €464 | €247 | -€217 | -46.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €34,120 | €30,334 | -€3,786 | -11.1% |
| Cash at bank and in hand | 54/58 | €31,397 | €27,746 | -€3,652 | -11.6% |
| Deferred charges and accrued income | 490/1 | €2,723 | €2,589 | -€134 | -4.9% |
| Total equity and liabilities | 10/49 | €446,636 | €418,579 | -€28,057 | -6.3% |
| Equity | 10/15 | €266,524 | €264,058 | -€2,466 | -0.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €145,532 | €137,637 | -€7,895 | -5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €145,532 | €137,637 | -€7,895 | -5.4% |
| Profit (loss) carried forward | 14 | -€129,008 | -€123,579 | +€5,429 | +4.2% |
| Provisions and deferred taxes | 16 | €74,938 | €70,872 | -€4,065 | -5.4% |
| Deferred taxes | 168 | €74,938 | €70,872 | -€4,065 | -5.4% |
| Amounts payable | 17/49 | €105,175 | €83,649 | -€21,526 | -20.5% |
| Amounts payable within one year | 42/48 | €105,175 | €83,521 | -€21,654 | -20.6% |
| Trade debts | 44 | €855 | €1,135 | +€280 | +32.7% |
| Suppliers | 440/4 | €855 | €1,135 | +€280 | +32.7% |
| Taxes, remuneration and social security | 45 | €179 | €237 | +€57 | +31.9% |
| Taxes | 450/3 | €179 | €237 | +€57 | +31.9% |
| Other amounts payable | 47/48 | €104,140 | €82,149 | -€21,991 | -21.1% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,767 | €25,779 | -€1,988 | -7.2% |
| Other operating charges | 640/8 | €7,456 | €7,471 | +€15 | +0.2% |
| Gross operating margin | 9900 | €33,084 | €33,710 | +€626 | +1.9% |
| Operating profit (loss) | 9901 | -€2,139 | €459 | +€2,599 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €7,290 | €6,754 | -€536 | -7.3% |
| Recurring financial charges | 65 | €7,290 | €6,754 | -€536 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,429 | -€6,295 | +€3,134 | +33.2% |
| Transfer from deferred taxes | 780 | €4,065 | €4,065 | = | 0.0% |
| Income taxes | 67/77 | €179 | €237 | +€57 | +31.9% |
| Profit (loss) for the period | 9904 | -€5,543 | -€2,466 | +€3,077 | +55.5% |
| Transfer from tax-exempt reserves | 789 | €7,895 | €7,895 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,352 | €5,429 | +€3,077 | +130.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.