Demaar: 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.
Demaar
Largest movements
- Cash -€35,646
down €35,646 (-91.0%), from €39,179 to €3,533
mainly Net result for the year (-€34,355) and Trade debts (-€30,355)
- Tangible fixed assets -€12,246
down €12,246 (-29.9%), from €40,955 to €28,709
of which Land and buildings: -€11,746
- Profit (loss) carried forward -€34,355
down €34,355 (-20.9%), from -€164,689 to -€199,043
- Trade debts -€30,355
down €30,355 (-98.0%), from €30,969 to €614
- Other debts +€15,000
up €15,000 (+25.6%), from €58,580 to €73,580
- Gross operating margin -€72,594
down €72,594, from €52,868 to -€19,726
- Other operating charges -€552
down €552 (-19.0%), from €2,906 to €2,354
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 | €117,755 | €68,021 | -€49,734 | -42.2% |
| Fixed assets | 21/28 | €40,980 | €28,734 | -€12,246 | -29.9% |
| Tangible fixed assets | 22/27 | €40,955 | €28,709 | -€12,246 | -29.9% |
| Land and buildings | 22 | €39,954 | €28,208 | -€11,746 | -29.4% |
| Plant, machinery and equipment | 23 | €1,001 | €501 | -€500 | -50.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €76,775 | €39,287 | -€37,488 | -48.8% |
| Stocks and contracts in progress | 3 | €36,220 | €35,055 | -€1,165 | -3.2% |
| Stocks | 30/36 | €36,220 | €35,055 | -€1,165 | -3.2% |
| Amounts receivable within one year | 40/41 | €704 | €696 | -€8 | -1.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €704 | €696 | -€8 | -1.1% |
| Cash at bank and in hand | 54/58 | €39,179 | €3,533 | -€35,646 | -91.0% |
| Deferred charges and accrued income | 490/1 | €673 | €4 | -€669 | -99.5% |
| Total equity and liabilities | 10/49 | €117,755 | €68,021 | -€49,734 | -42.2% |
| Equity | 10/15 | €28,181 | -€6,173 | -€34,355 | |
| Contributions | 10/11 | €175,909 | €175,909 | = | 0.0% |
| Capital | 10 | €175,909 | €175,909 | = | 0.0% |
| Issued capital | 100 | €175,909 | €175,909 | = | 0.0% |
| Reserves | 13 | €16,961 | €16,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,737 | €1,737 | = | 0.0% |
| Legal reserve | 130 | €1,737 | €1,737 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,225 | €15,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,689 | -€199,043 | -€34,355 | -20.9% |
| Amounts payable | 17/49 | €89,574 | €74,194 | -€15,380 | -17.2% |
| Amounts payable within one year | 42/48 | €89,574 | €74,194 | -€15,380 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €30,969 | €614 | -€30,355 | -98.0% |
| Suppliers | 440/4 | €30,969 | €614 | -€30,355 | -98.0% |
| Taxes, remuneration and social security | 45 | €25 | €0 | -€25 | -100% |
| Taxes | 450/3 | €25 | €0 | -€25 | -100% |
| Other amounts payable | 47/48 | €58,580 | €73,580 | +€15,000 | +25.6% |
| Non-recurring operating income | 76A | €100,283 | €0 | -€100,283 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,511 | €12,246 | -€265 | -2.1% |
| Other operating charges | 640/8 | €2,906 | €2,354 | -€552 | -19.0% |
| Gross operating margin | 9900 | €52,868 | -€19,726 | -€72,594 | |
| Operating profit (loss) | 9901 | €37,450 | -€34,326 | -€71,776 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €154 | €48 | -€106 | -68.9% |
| Recurring financial charges | 65 | €154 | €48 | -€106 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €37,296 | -€34,355 | -€71,651 | |
| Profit (loss) for the period | 9904 | €37,296 | -€34,355 | -€71,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,296 | -€34,355 | -€71,651 |
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 26 October 2026 via checked.be.