DEMA-DBS: 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-DBS
Largest movements
- Cash -€20,429
down €20,429 (-84.2%), from €24,269 to €3,840
mainly Trade debts (-€21,966) and Tax, wage and social debts (-€14,534)
- Receivables within one year -€5,808
down €5,808 (-12.9%), from €45,030 to €39,222
of which Trade receivables: -€28,154
- Stocks and contracts -€2,611
no longer reported in 2026 (was €2,611)
- Trade debts -€21,966
down €21,966 (-91.8%), from €23,931 to €1,965
- Tax, wage and social debts -€14,534
down €14,534 (-97.7%), from €14,872 to €338
- Reserves +€7,429
up €7,429 (+34.0%), from €21,838 to €29,267
- Gross operating margin -€4,764
down €4,764 (-26.1%), from €18,284 to €13,520
- Taxes -€2,379
down €2,379 (-40.5%), from €5,868 to €3,489
- Financial charges -€208
down €208 (-36.7%), from €566 to €358
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,041 | €43,970 | -€29,071 | -39.8% |
| Fixed assets | 21/28 | €922 | €822 | -€100 | -10.8% |
| Tangible fixed assets | 22/27 | €922 | €822 | -€100 | -10.8% |
| Furniture and vehicles | 24 | - | €822 | +€822 | |
| Other tangible fixed assets | 26 | €922 | - | -€922 | |
| Current assets | 29/58 | €72,119 | €43,148 | -€28,971 | -40.2% |
| Stocks and contracts in progress | 3 | €2,611 | - | -€2,611 | |
| Stocks | 30/36 | €2,611 | - | -€2,611 | |
| Amounts receivable within one year | 40/41 | €45,030 | €39,222 | -€5,808 | -12.9% |
| Trade receivables | 40 | €33,362 | €5,208 | -€28,154 | -84.4% |
| Other amounts receivable | 41 | €11,668 | €34,014 | +€22,346 | +192% |
| Cash at bank and in hand | 54/58 | €24,269 | €3,840 | -€20,429 | -84.2% |
| Deferred charges and accrued income | 490/1 | €209 | €86 | -€123 | -58.9% |
| Total equity and liabilities | 10/49 | €73,041 | €43,970 | -€29,071 | -39.8% |
| Equity | 10/15 | €34,238 | €41,667 | +€7,429 | +21.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,838 | €29,267 | +€7,429 | +34.0% |
| Distributable reserves | 133 | €21,838 | €29,267 | +€7,429 | +34.0% |
| Amounts payable | 17/49 | €38,803 | €2,303 | -€36,500 | -94.1% |
| Amounts payable within one year | 42/48 | €38,803 | €2,303 | -€36,500 | -94.1% |
| Trade debts | 44 | €23,931 | €1,965 | -€21,966 | -91.8% |
| Suppliers | 440/4 | €23,931 | €1,965 | -€21,966 | -91.8% |
| Taxes, remuneration and social security | 45 | €14,872 | €338 | -€14,534 | -97.7% |
| Taxes | 450/3 | €14,872 | €338 | -€14,534 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €316 | +€75 | +31.1% |
| Other operating charges | 640/8 | €591 | €672 | +€81 | +13.7% |
| Non-recurring operating charges | 66A | - | €1,336 | +€1,336 | |
| Gross operating margin | 9900 | €18,284 | €13,520 | -€4,764 | -26.1% |
| Operating profit (loss) | 9901 | €17,452 | €11,196 | -€6,256 | -35.8% |
| Financial income | 75/76B | €176 | €80 | -€96 | -54.5% |
| Recurring financial income | 75 | €176 | €80 | -€96 | -54.5% |
| Financial charges | 65/66B | €566 | €358 | -€208 | -36.7% |
| Recurring financial charges | 65 | €566 | €358 | -€208 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €17,062 | €10,918 | -€6,144 | -36.0% |
| Income taxes | 67/77 | €5,868 | €3,489 | -€2,379 | -40.5% |
| Profit (loss) for the period | 9904 | €11,194 | €7,429 | -€3,765 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,194 | €7,429 | -€3,765 | -33.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.