DEMACO: 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.
DEMACO
Largest movements
- Stocks and contracts -€4,437
down €4,437 (-15.4%), from €28,723 to €24,286
- Trade debts -€8,998
down €8,998 (-98.7%), from €9,118 to €120
- Profit (loss) carried forward +€2,212
up €2,212 (+8.6%), from €25,805 to €28,017
- Gross operating margin +€5,498
up €5,498, from -€237 to €5,261
- Other operating charges -€64
down €64 (-3.4%), from €1,898 to €1,834
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 | €177,247 | €170,461 | -€6,786 | -3.8% |
| Fixed assets | 21/28 | €127,397 | €126,239 | -€1,159 | -0.9% |
| Tangible fixed assets | 22/27 | €127,397 | €126,239 | -€1,159 | -0.9% |
| Land and buildings | 22 | €125,571 | €125,571 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,826 | €667 | -€1,159 | -63.5% |
| Current assets | 29/58 | €49,850 | €44,222 | -€5,627 | -11.3% |
| Stocks and contracts in progress | 3 | €28,723 | €24,286 | -€4,437 | -15.4% |
| Stocks | 30/36 | €28,723 | €24,286 | -€4,437 | -15.4% |
| Amounts receivable within one year | 40/41 | €17,098 | €17,188 | +€89 | +0.5% |
| Trade receivables | 40 | €16,800 | €17,000 | +€200 | +1.2% |
| Other amounts receivable | 41 | €298 | €188 | -€111 | -37.1% |
| Cash at bank and in hand | 54/58 | €4,029 | €2,749 | -€1,280 | -31.8% |
| Total equity and liabilities | 10/49 | €177,247 | €170,461 | -€6,786 | -3.8% |
| Equity | 10/15 | €165,005 | €167,217 | +€2,212 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €77,200 | €77,200 | = | 0.0% |
| Distributable reserves | 133 | €77,200 | €77,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,805 | €28,017 | +€2,212 | +8.6% |
| Amounts payable | 17/49 | €12,242 | €3,244 | -€8,998 | -73.5% |
| Amounts payable within one year | 42/48 | €12,242 | €3,244 | -€8,998 | -73.5% |
| Trade debts | 44 | €9,118 | €120 | -€8,998 | -98.7% |
| Suppliers | 440/4 | €9,118 | €120 | -€8,998 | -98.7% |
| Other amounts payable | 47/48 | €3,124 | €3,124 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,159 | €1,159 | = | 0.0% |
| Other operating charges | 640/8 | €1,898 | €1,834 | -€64 | -3.4% |
| Gross operating margin | 9900 | -€237 | €5,261 | +€5,498 | |
| Operating profit (loss) | 9901 | -€3,294 | €2,268 | +€5,562 | |
| Financial charges | 65/66B | €90 | €56 | -€34 | -37.7% |
| Recurring financial charges | 65 | €90 | €56 | -€34 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,384 | €2,212 | +€5,596 | |
| Income taxes | 67/77 | €5 | - | -€5 | |
| Profit (loss) for the period | 9904 | -€3,389 | €2,212 | +€5,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,389 | €2,212 | +€5,601 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.