Demaco Piping: what changed
Demaco Piping
Largest movements
- Cash -€176,843
down €176,843 (-79.5%), from €222,515 to €45,672
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€141,643)
- Receivables within one year +€141,643
up €141,643 (+139%), from €101,691 to €243,334
of which Trade receivables: +€135,496
- Tangible fixed assets +€24,413
up €24,413 (+29.6%), from €82,414 to €106,827
of which Furniture and vehicles: +€31,289
- Deferred charges and accrued income +€8,209
up €8,209 (+205%), from €4,013 to €12,222
- Other debts +€127,361
up €127,361 (+46,372%), from €275 to €127,635
- Reserves -€79,484
down €79,484 (-37.6%), from €211,621 to €132,137
- Trade debts -€37,850
down €37,850 (-25.2%), from €150,480 to €112,629
- Debts after one year -€7,936
down €7,936 (-30.2%), from €26,236 to €18,300
- Staff costs -€21,169
down €21,169 (-19.0%), from €111,493 to €90,324
- Depreciation +€11,876
up €11,876 (+48.4%), from €24,549 to €36,425
- Gross operating margin -€3,315
down €3,315 (-1.5%), from €218,473 to €215,159
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,633 | €408,055 | -€2,578 | -0.6% |
| Fixed assets | 21/28 | €82,414 | €106,827 | +€24,413 | +29.6% |
| Tangible fixed assets | 22/27 | €82,414 | €106,827 | +€24,413 | +29.6% |
| Plant, machinery and equipment | 23 | €36,805 | €29,930 | -€6,876 | -18.7% |
| Furniture and vehicles | 24 | €45,609 | €76,897 | +€31,289 | +68.6% |
| Current assets | 29/58 | €328,219 | €301,228 | -€26,991 | -8.2% |
| Amounts receivable within one year | 40/41 | €101,691 | €243,334 | +€141,643 | +139% |
| Trade receivables | 40 | €80,343 | €215,838 | +€135,496 | +169% |
| Other amounts receivable | 41 | €21,348 | €27,496 | +€6,148 | +28.8% |
| Cash at bank and in hand | 54/58 | €222,515 | €45,672 | -€176,843 | -79.5% |
| Deferred charges and accrued income | 490/1 | €4,013 | €12,222 | +€8,209 | +205% |
| Total equity and liabilities | 10/49 | €410,633 | €408,055 | -€2,578 | -0.6% |
| Equity | 10/15 | €217,821 | €138,337 | -€79,484 | -36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €211,621 | €132,137 | -€79,484 | -37.6% |
| Distributable reserves | 133 | €211,621 | €132,137 | -€79,484 | -37.6% |
| Amounts payable | 17/49 | €192,812 | €269,718 | +€76,906 | +39.9% |
| Amounts payable after more than one year | 17 | €26,236 | €18,300 | -€7,936 | -30.2% |
| Financial debts | 170/4 | €26,236 | €18,300 | -€7,936 | -30.2% |
| Amounts payable within one year | 42/48 | €166,568 | €251,410 | +€84,842 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €12,034 | €7,936 | -€4,098 | -34.1% |
| Trade debts | 44 | €150,480 | €112,629 | -€37,850 | -25.2% |
| Suppliers | 440/4 | €150,480 | €112,629 | -€37,850 | -25.2% |
| Taxes, remuneration and social security | 45 | €3,780 | €3,210 | -€570 | -15.1% |
| Remuneration and social security | 454/9 | €3,780 | €3,210 | -€570 | -15.1% |
| Other amounts payable | 47/48 | €275 | €127,635 | +€127,361 | +46,372% |
| Accrued charges and deferred income | 492/3 | €8 | €9 | +€0 | +2.0% |
| Non-recurring operating income | 76A | - | €17,813 | +€17,813 | |
| Remuneration, social security and pensions | 62 | €111,493 | €90,324 | -€21,169 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,549 | €36,425 | +€11,876 | +48.4% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €218,473 | €215,159 | -€3,315 | -1.5% |
| Operating profit (loss) | 9901 | €82,291 | €88,265 | +€5,974 | +7.3% |
| Financial income | 75/76B | €18 | €185 | +€166 | +901% |
| Recurring financial income | 75 | €18 | €185 | +€166 | +901% |
| Financial charges | 65/66B | €1,536 | €1,262 | -€273 | -17.8% |
| Recurring financial charges | 65 | €1,536 | €1,262 | -€273 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €80,774 | €87,188 | +€6,414 | +7.9% |
| Income taxes | 67/77 | €16,136 | €16,672 | +€536 | +3.3% |
| Profit (loss) for the period | 9904 | €64,637 | €70,516 | +€5,878 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,637 | €70,516 | +€5,878 | +9.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.