DEMAEGDT: 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.
What changed
DEMAEGDT
NACE 49.420, Removal services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€83,734
2024 · -€93,957+€10,224
Equity
€181,283
2024 · €265,017-€83,734
Cash
€66,183
2024 · €87,041-€20,857
Balance sheet total
€3.3m
2024 · €3.4m-€171,538
Largest movements
Assets
- Tangible fixed assets -€151,959
down €151,959 (-4.6%), from €3.3m to €3.2m
of which Land and buildings: -€130,969
Equity and liabilities
- Debts after one year -€96,791
down €96,791 (-3.2%), from €3.0m to €3.0m
- Profit (loss) carried forward -€83,734
down €83,734 (-35.6%), from -€234,983 to -€318,717
Income statement
- Gross operating margin +€59,861
up €59,861 (+42.3%), from €141,381 to €201,242
- Depreciation +€25,942
up €25,942 (+19.4%), from €133,384 to €159,325
- Financial charges +€22,553
up €22,553 (+27.6%), from €81,724 to €104,277
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.
Result 2024
-€93,957
Gross operating margin
+€59,861
Depreciation
-€25,942
Other operating charges
-€1,135
Financial income
-€7
Financial charges
-€22,553
Result 2025
-€83,734
raises the resultlowers the result
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.
From operations
+€49,975
Investment
-€866
Financing
-€69,966
Cash 2024
€87,041
From operations (derived)
+€49,975
Net result for the year
-€83,734
Depreciation
+€159,325
Receivables within one year
-€1,752
Deferred charges and accrued income
-€6,027
Trade debts
-€17,034
Tax, wage and social debts
-€229
Other debts
-€1,510
Accrued charges and deferred income
+€935
Investment (derived)
-€866
Investment in fixed assets (net)
-€866
Financing
-€69,966
Debts after one year
-€96,791
Current portion of long-term debt
+€26,825
Cash 2025
€66,183
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,443,880 | €3,272,343 | -€171,538 | -5.0% |
| Formation expenses | 20 | €24,137 | €17,637 | -€6,501 | -26.9% |
| Fixed assets | 21/28 | €3,327,694 | €3,175,735 | -€151,959 | -4.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,327,693 | €3,175,734 | -€151,959 | -4.6% |
| Land and buildings | 22 | €3,273,046 | €3,142,077 | -€130,969 | -4.0% |
| Plant, machinery and equipment | 23 | €53,946 | €33,432 | -€20,514 | -38.0% |
| Furniture and vehicles | 24 | €701 | €226 | -€476 | -67.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €92,049 | €78,971 | -€13,078 | -14.2% |
| Amounts receivable within one year | 40/41 | €3,553 | €5,305 | +€1,752 | +49.3% |
| Trade receivables | 40 | €3,553 | €5,305 | +€1,752 | +49.3% |
| Cash at bank and in hand | 54/58 | €87,041 | €66,183 | -€20,857 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,455 | €7,482 | +€6,027 | +414% |
| Total equity and liabilities | 10/49 | €3,443,880 | €3,272,343 | -€171,538 | -5.0% |
| Equity | 10/15 | €265,017 | €181,283 | -€83,734 | -31.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,983 | -€318,717 | -€83,734 | -35.6% |
| Amounts payable | 17/49 | €3,178,864 | €3,091,060 | -€87,804 | -2.8% |
| Amounts payable after more than one year | 17 | €3,049,612 | €2,952,821 | -€96,791 | -3.2% |
| Financial debts | 170/4 | €3,049,612 | €2,952,821 | -€96,791 | -3.2% |
| Amounts payable within one year | 42/48 | €118,854 | €126,906 | +€8,052 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €72,959 | €99,785 | +€26,825 | +36.8% |
| Trade debts | 44 | €20,149 | €3,115 | -€17,034 | -84.5% |
| Suppliers | 440/4 | €20,149 | €3,115 | -€17,034 | -84.5% |
| Taxes, remuneration and social security | 45 | €7,640 | €7,412 | -€229 | -3.0% |
| Taxes | 450/3 | €7,640 | €7,412 | -€229 | -3.0% |
| Other amounts payable | 47/48 | €18,105 | €16,595 | -€1,510 | -8.3% |
| Accrued charges and deferred income | 492/3 | €10,398 | €11,333 | +€935 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,384 | €159,325 | +€25,942 | +19.4% |
| Other operating charges | 640/8 | €20,258 | €21,393 | +€1,135 | +5.6% |
| Gross operating margin | 9900 | €141,381 | €201,242 | +€59,861 | +42.3% |
| Operating profit (loss) | 9901 | -€12,261 | €20,523 | +€32,784 | |
| Financial income | 75/76B | €28 | €21 | -€7 | -25.4% |
| Recurring financial income | 75 | €28 | €21 | -€7 | -25.4% |
| Financial charges | 65/66B | €81,724 | €104,277 | +€22,553 | +27.6% |
| Recurring financial charges | 65 | €81,724 | €104,277 | +€22,553 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€93,957 | -€83,734 | +€10,224 | +10.9% |
| Profit (loss) for the period | 9904 | -€93,957 | -€83,734 | +€10,224 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,957 | -€83,734 | +€10,224 | +10.9% |
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 25 October 2026 via checked.be.