DEMA GROUP: 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 GROUP
Largest movements
- Receivables within one year -€146,863
down €146,863 (-25.5%), from €576,173 to €429,310
of which Trade receivables: -€146,658
- Cash -€141,752
down €141,752 (-40.4%), from €350,960 to €209,208
mainly Contributions, distributions and other (-€589,000) and Debts after one year (-€120,596)
- Tangible fixed assets -€129,980
down €129,980 (-8.2%), from €1.6m to €1.5m
of which Land and buildings: -€69,281
- Current investments +€110,000
new in 2025: €110,000
- Deferred charges and accrued income +€63,599
up €63,599 (+544%), from €11,684 to €75,283
- Reserves -€584,157
down €584,157 (-53.4%), from €1.1m to €509,553
- Other debts +€480,500
new in 2025: €480,500
- Debts after one year -€120,596
down €120,596 (-11.7%), from €1.0m to €912,666
- Gross operating margin -€372,870
down €372,870 (-26.9%), from €1.4m to €1.0m
- Taxes -€119,563
down €119,563 (-96.3%), from €124,177 to €4,614
- Staff costs +€97,126
up €97,126 (+14.6%), from €664,033 to €761,159
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.
Derived cash bridge
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 | €2,533,155 | €2,288,159 | -€244,997 | -9.7% |
| Fixed assets | 21/28 | €1,594,338 | €1,464,358 | -€129,980 | -8.2% |
| Tangible fixed assets | 22/27 | €1,594,338 | €1,464,358 | -€129,980 | -8.2% |
| Land and buildings | 22 | €1,305,042 | €1,235,760 | -€69,281 | -5.3% |
| Plant, machinery and equipment | 23 | €70,970 | €65,222 | -€5,749 | -8.1% |
| Furniture and vehicles | 24 | €218,325 | €163,376 | -€54,950 | -25.2% |
| Current assets | 29/58 | €938,818 | €823,801 | -€115,017 | -12.3% |
| Amounts receivable within one year | 40/41 | €576,173 | €429,310 | -€146,863 | -25.5% |
| Trade receivables | 40 | €565,550 | €418,893 | -€146,658 | -25.9% |
| Other amounts receivable | 41 | €10,623 | €10,417 | -€205 | -1.9% |
| Current investments | 50/53 | - | €110,000 | +€110,000 | |
| Cash at bank and in hand | 54/58 | €350,960 | €209,208 | -€141,752 | -40.4% |
| Deferred charges and accrued income | 490/1 | €11,684 | €75,283 | +€63,599 | +544% |
| Total equity and liabilities | 10/49 | €2,533,155 | €2,288,159 | -€244,997 | -9.7% |
| Equity | 10/15 | €1,133,710 | €549,553 | -€584,157 | -51.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,093,710 | €509,553 | -€584,157 | -53.4% |
| Distributable reserves | 133 | €1,093,710 | €509,553 | -€584,157 | -53.4% |
| Amounts payable | 17/49 | €1,399,446 | €1,738,606 | +€339,160 | +24.2% |
| Amounts payable after more than one year | 17 | €1,033,262 | €912,666 | -€120,596 | -11.7% |
| Financial debts | 170/4 | €1,033,262 | €912,666 | -€120,596 | -11.7% |
| Amounts payable within one year | 42/48 | €366,184 | €825,940 | +€459,756 | +126% |
| Current portion of amounts payable after more than one year | 42 | €161,809 | €151,993 | -€9,816 | -6.1% |
| Trade debts | 44 | €38,646 | €19,154 | -€19,492 | -50.4% |
| Suppliers | 440/4 | €38,646 | €19,154 | -€19,492 | -50.4% |
| Taxes, remuneration and social security | 45 | €165,729 | €174,293 | +€8,564 | +5.2% |
| Taxes | 450/3 | €57,898 | €44,295 | -€13,603 | -23.5% |
| Remuneration and social security | 454/9 | €107,831 | €129,998 | +€22,167 | +20.6% |
| Other amounts payable | 47/48 | - | €480,500 | +€480,500 | |
| Remuneration, social security and pensions | 62 | €664,033 | €761,159 | +€97,126 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,691 | €199,027 | +€10,336 | +5.5% |
| Other operating charges | 640/8 | €7,620 | €8,185 | +€566 | +7.4% |
| Gross operating margin | 9900 | €1,388,283 | €1,015,413 | -€372,870 | -26.9% |
| Operating profit (loss) | 9901 | €527,940 | €47,042 | -€480,898 | -91.1% |
| Financial income | 75/76B | €3,537 | €890 | -€2,647 | -74.8% |
| Recurring financial income | 75 | €137 | €890 | +€753 | +550% |
| Non-recurring financial income | 76B | €3,400 | - | -€3,400 | |
| Financial charges | 65/66B | €42,268 | €38,474 | -€3,793 | -9.0% |
| Recurring financial charges | 65 | €42,268 | €38,474 | -€3,793 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €489,209 | €9,457 | -€479,751 | -98.1% |
| Income taxes | 67/77 | €124,177 | €4,614 | -€119,563 | -96.3% |
| Profit (loss) for the period | 9904 | €365,032 | €4,843 | -€360,189 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €365,032 | €4,843 | -€360,189 | -98.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.