DEMA & ARBER PROJECTS: 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.
DEMA & ARBER PROJECTS
Largest movements
- Cash -€20,310
down €20,310 (-83.8%), from €24,240 to €3,930
mainly Other debts (-€11,490) and Net result for the year (-€8,843)
- Other debts -€11,490
down €11,490 (-5.9%), from €196,071 to €184,581
- Reserves -€8,843
down €8,843 (-21.3%), from €41,467 to €32,624
- Financial charges -€2,991
down €2,991 (-37.7%), from €7,935 to €4,944
- Gross operating margin +€1,914
up €1,914 (+36.1%), from -€5,299 to -€3,385
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 | €287,538 | €267,228 | -€20,310 | -7.1% |
| Current assets | 29/58 | €287,538 | €267,228 | -€20,310 | -7.1% |
| Stocks and contracts in progress | 3 | €263,298 | €263,298 | = | 0.0% |
| Stocks | 30/36 | €263,298 | €263,298 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,240 | €3,930 | -€20,310 | -83.8% |
| Total equity and liabilities | 10/49 | €287,538 | €267,228 | -€20,310 | -7.1% |
| Equity | 10/15 | €91,467 | €82,624 | -€8,843 | -9.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €41,467 | €32,624 | -€8,843 | -21.3% |
| Distributable reserves | 133 | €41,467 | €32,624 | -€8,843 | -21.3% |
| Amounts payable | 17/49 | €196,071 | €184,604 | -€11,467 | -5.8% |
| Amounts payable within one year | 42/48 | €196,071 | €184,604 | -€11,467 | -5.8% |
| Trade debts | 44 | €0 | €23 | +€23 | |
| Suppliers | 440/4 | €0 | €23 | +€23 | |
| Other amounts payable | 47/48 | €196,071 | €184,581 | -€11,490 | -5.9% |
| Other operating charges | 640/8 | €505 | €513 | +€8 | +1.6% |
| Gross operating margin | 9900 | -€5,299 | -€3,385 | +€1,914 | +36.1% |
| Operating profit (loss) | 9901 | -€5,804 | -€3,899 | +€1,905 | +32.8% |
| Financial charges | 65/66B | €7,935 | €4,944 | -€2,991 | -37.7% |
| Recurring financial charges | 65 | €7,935 | €4,944 | -€2,991 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,740 | -€8,843 | +€4,897 | +35.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,740 | -€8,843 | +€4,897 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,740 | -€8,843 | +€4,897 | +35.6% |
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 4 October 2026 via checked.be.