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
- Receivables within one year -€6,301
down €6,301 (-31.8%), from €19,829 to €13,528
of which Other amounts receivable: -€3,923
- Tangible fixed assets -€1,227
down €1,227 (-6.1%), from €20,002 to €18,775
of which Land and buildings: -€721
- Cash +€833
up €833 (+51.0%), from €1,635 to €2,469
mainly Contributions, distributions and other (+€11,000) and Receivables within one year (+€6,301)
- Other debts -€7,397
down €7,397 (-64.3%), from €11,498 to €4,102
- Trade debts +€814
up €814 (+140.9%), from €577 to €1,391
- Turnover -€23,636
down €23,636 (-36.9%), from €64,125 to €40,488
- Purchases and services -€17,944
down €17,944 (-42.0%), from €42,757 to €24,813
- Gross operating margin -€5,692
down €5,692 (-26.6%), from €21,367 to €15,675
- Staff costs -€1,729
down €1,729 (-6.8%), from €25,548 to €23,819
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 | €41,467 | €34,772 | -€6,695 | -16.1% |
| Fixed assets | 21/28 | €20,002 | €18,775 | -€1,227 | -6.1% |
| Tangible fixed assets | 22/27 | €20,002 | €18,775 | -€1,227 | -6.1% |
| Land and buildings | 22 | €18,483 | €17,762 | -€721 | -3.9% |
| Plant, machinery and equipment | 23 | €1,519 | €1,013 | -€506 | -33.3% |
| Current assets | 29/58 | €21,465 | €15,997 | -€5,468 | -25.5% |
| Amounts receivable within one year | 40/41 | €19,829 | €13,528 | -€6,301 | -31.8% |
| Trade receivables | 40 | €3,451 | €1,073 | -€2,378 | -68.9% |
| Other amounts receivable | 41 | €16,378 | €12,455 | -€3,923 | -24.0% |
| Cash at bank and in hand | 54/58 | €1,635 | €2,469 | +€833 | +51.0% |
| Total equity and liabilities | 10/49 | €41,467 | €34,772 | -€6,695 | -16.1% |
| Equity | 10/15 | €28,902 | €28,944 | +€42 | +0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,098 | -€26,056 | +€42 | +0.2% |
| Amounts payable | 17/49 | €12,565 | €5,828 | -€6,737 | -53.6% |
| Amounts payable within one year | 42/48 | €12,565 | €5,828 | -€6,737 | -53.6% |
| Trade debts | 44 | €577 | €1,391 | +€814 | +140.9% |
| Suppliers | 440/4 | €577 | €1,391 | +€814 | +140.9% |
| Taxes, remuneration and social security | 45 | €489 | €335 | -€154 | -31.5% |
| Taxes | 450/3 | €489 | €335 | -€154 | -31.5% |
| Other amounts payable | 47/48 | €11,498 | €4,102 | -€7,397 | -64.3% |
| Turnover | 70 | €64,125 | €40,488 | -€23,636 | -36.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,757 | €24,813 | -€17,944 | -42.0% |
| Remuneration, social security and pensions | 62 | €25,548 | €23,819 | -€1,729 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €1,227 | = | 0.0% |
| Other operating charges | 640/8 | €1,110 | €956 | -€154 | -13.9% |
| Non-recurring operating charges | 66A | €56 | - | -€56 | |
| Gross operating margin | 9900 | €21,367 | €15,675 | -€5,692 | -26.6% |
| Operating profit (loss) | 9901 | -€6,573 | -€10,326 | -€3,753 | -57.1% |
| Financial charges | 65/66B | €84 | €64 | -€21 | -24.7% |
| Recurring financial charges | 65 | €84 | €64 | -€21 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,658 | -€10,390 | -€3,732 | -56.1% |
| Income taxes | 67/77 | €1,083 | €568 | -€515 | -47.5% |
| Profit (loss) for the period | 9904 | -€7,740 | -€10,958 | -€3,218 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,740 | -€10,958 | -€3,218 | -41.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.