DEMA-C: what changed
What changed
DEMA-C
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €600,629+€1.2m
Equity
€3.5m
2024 · €1.8m+€1.7m
Cash
€1.6m
2024 · €717,833+€898,433
Balance sheet total
€6.9m
2024 · €5.4m+€1.6m
Largest movements
Assets
- Cash +€898,433
up €898,433 (+125%), from €717,833 to €1.6m
mainly Net result for the year (+€1.8m) and Depreciation (+€224,341)
- Receivables within one year +€495,086
up €495,086 (+48.7%), from €1.0m to €1.5m
of which Trade receivables: +€587,384
- Stocks and contracts +€95,000
up €95,000 (+5.4%), from €1.8m to €1.8m
of which Stocks: +€135,000
- Tangible fixed assets +€81,871
up €81,871 (+4.4%), from €1.8m to €1.9m
of which Assets under construction and advance payments: +€250,000
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+101%), from €1.7m to €3.4m
of which Distributable reserves: +€894,291
- Tax, wage and social debts +€169,113
up €169,113 (+215%), from €78,714 to €247,826
of which Taxes: +€150,617
- Debts after one year -€168,140
down €168,140 (-14.1%), from €1.2m to €1.0m
- Trade debts -€152,555
down €152,555 (-25.4%), from €599,929 to €447,374
Income statement
- Gross operating margin +€1.7m
up €1.7m (+103%), from €1.7m to €3.4m
- Taxes +€384,209
up €384,209 (+195%), from €196,925 to €581,134
- Staff costs +€179,098
up €179,098 (+29.7%), from €602,264 to €781,362
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€600,629
Gross operating margin
+€1.7m
Staff costs
-€179,098
Depreciation
-€10,039
Other operating charges
+€9,823
Financial income
+€5,301
Financial charges
+€4,139
Taxes
-€384,209
Result 2025
€1.8m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€300,945
Financing
-€275,973
Cash 2024
€717,833
From operations (derived)
+€1.5m
Net result for the year
+€1.8m
Depreciation
+€224,341
Stocks and contracts
-€95,000
Receivables within one year
-€495,086
Trade debts
-€152,555
Tax, wage and social debts
+€169,113
Other debts
+€52,981
Accrued charges and deferred income
-€9,733
Investment (derived)
-€300,945
Investment in fixed assets (net)
-€300,945
Financing
-€275,973
Debts after one year
-€168,140
Current portion of long-term debt
-€57,832
Contributions, distributions and other
-€50,000
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,359,881 | €6,925,004 | +€1.6m | +29.2% |
| Fixed assets | 21/28 | €1,875,813 | €1,952,417 | +€76,605 | +4.1% |
| Intangible fixed assets | 21 | €15,594 | €10,327 | -€5,267 | -33.8% |
| Tangible fixed assets | 22/27 | €1,847,119 | €1,928,990 | +€81,871 | +4.4% |
| Land and buildings | 22 | €1,378,501 | €1,295,022 | -€83,479 | -6.1% |
| Plant, machinery and equipment | 23 | €346,289 | €285,625 | -€60,664 | -17.5% |
| Furniture and vehicles | 24 | €122,328 | €98,343 | -€23,986 | -19.6% |
| Assets under construction and advance payments | 27 | - | €250,000 | +€250,000 | |
| Financial fixed assets | 28 | €13,100 | €13,100 | = | 0.0% |
| Current assets | 29/58 | €3,484,068 | €4,972,587 | +€1.5m | +42.7% |
| Stocks and contracts in progress | 3 | €1,750,000 | €1,845,000 | +€95,000 | +5.4% |
| Stocks | 30/36 | €1,300,000 | €1,435,000 | +€135,000 | +10.4% |
| Contracts in progress | 37 | €450,000 | €410,000 | -€40,000 | -8.9% |
| Amounts receivable within one year | 40/41 | €1,016,236 | €1,511,322 | +€495,086 | +48.7% |
| Trade receivables | 40 | €922,700 | €1,510,083 | +€587,384 | +63.7% |
| Other amounts receivable | 41 | €93,536 | €1,239 | -€92,298 | -98.7% |
| Cash at bank and in hand | 54/58 | €717,833 | €1,616,265 | +€898,433 | +125% |
| Total equity and liabilities | 10/49 | €5,359,881 | €6,925,004 | +€1.6m | +29.2% |
| Equity | 10/15 | €1,762,763 | €3,494,054 | +€1.7m | +98.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,712,763 | €3,444,054 | +€1.7m | +101% |
| Non-distributable reserves | 130/1 | €5,000 | - | -€5,000 | |
| Reserves not available under the articles | 1311 | €5,000 | - | -€5,000 | |
| Tax-exempt reserves | 132 | - | €842,000 | +€842,000 | |
| Distributable reserves | 133 | €1,707,763 | €2,602,054 | +€894,291 | +52.4% |
| Amounts payable | 17/49 | €3,597,118 | €3,430,950 | -€166,167 | -4.6% |
| Amounts payable after more than one year | 17 | €1,195,528 | €1,027,387 | -€168,140 | -14.1% |
| Financial debts | 170/4 | €1,195,528 | €1,027,387 | -€168,140 | -14.1% |
| Amounts payable within one year | 42/48 | €1,242,422 | €1,254,128 | +€11,706 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €225,724 | €167,891 | -€57,832 | -25.6% |
| Trade debts | 44 | €599,929 | €447,374 | -€152,555 | -25.4% |
| Suppliers | 440/4 | €599,929 | €447,374 | -€152,555 | -25.4% |
| Taxes, remuneration and social security | 45 | €78,714 | €247,826 | +€169,113 | +215% |
| Taxes | 450/3 | €8,112 | €158,728 | +€150,617 | +1,857% |
| Remuneration and social security | 454/9 | €70,602 | €89,098 | +€18,496 | +26.2% |
| Other amounts payable | 47/48 | €338,056 | €391,037 | +€52,981 | +15.7% |
| Accrued charges and deferred income | 492/3 | €1,159,168 | €1,149,435 | -€9,733 | -0.8% |
| Remuneration, social security and pensions | 62 | €602,264 | €781,362 | +€179,098 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,302 | €224,341 | +€10,039 | +4.7% |
| Other operating charges | 640/8 | €30,435 | €20,612 | -€9,823 | -32.3% |
| Gross operating margin | 9900 | €1,690,860 | €3,425,605 | +€1.7m | +103% |
| Operating profit (loss) | 9901 | €843,860 | €2,399,290 | +€1.6m | +184% |
| Financial income | 75/76B | €8,823 | €14,123 | +€5,301 | +60.1% |
| Recurring financial income | 75 | €8,823 | €14,123 | +€5,301 | +60.1% |
| Financial charges | 65/66B | €55,128 | €50,989 | -€4,139 | -7.5% |
| Recurring financial charges | 65 | €55,128 | €50,989 | -€4,139 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €797,554 | €2,362,424 | +€1.6m | +196% |
| Income taxes | 67/77 | €196,925 | €581,134 | +€384,209 | +195% |
| Profit (loss) for the period | 9904 | €600,629 | €1,781,291 | +€1.2m | +197% |
| Transfer to tax-exempt reserves | 689 | - | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €600,629 | €939,291 | +€338,662 | +56.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.