Demaine: 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.
Demaine
Largest movements
- Receivables within one year -€11,845
down €11,845 (-68.7%), from €17,232 to €5,386
of which Other amounts receivable: -€12,812
- Cash +€9,103
up €9,103 (+71.1%), from €12,801 to €21,904
mainly Other debts (+€27,542) and Debts after one year (+€25,000)
- Intangible fixed assets -€6,854
down €6,854 (-36.7%), from €18,655 to €11,801
- Deferred charges and accrued income +€2,179
new in 2025: €2,179
- Stocks and contracts +€2,049
up €2,049 (+3.8%), from €53,981 to €56,030
- Profit (loss) carried forward -€35,105
down €35,105 (-184%), from -€19,114 to -€54,219
- Trade debts -€31,247
down €31,247 (-50.6%), from €61,794 to €30,547
- Other debts +€27,542
up €27,542 (+26.2%), from €105,192 to €132,734
- Debts after one year +€25,000
up €25,000 (+100%), from €25,000 to €50,000
- Tax, wage and social debts +€9,453
up €9,453, from €0 to €9,453
- Depreciation +€14,144
up €14,144 (+395%), from €3,581 to €17,725
- Gross operating margin -€10,277
down €10,277 (-166%), from -€6,175 to -€16,452
- Other operating charges +€331
up €331 (+63.0%), from €524 to €855
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 | €202,876 | €197,621 | -€5,255 | -2.6% |
| Fixed assets | 21/28 | €118,862 | €112,122 | -€6,740 | -5.7% |
| Intangible fixed assets | 21 | €18,655 | €11,801 | -€6,854 | -36.7% |
| Tangible fixed assets | 22/27 | €95,208 | €95,321 | +€114 | +0.1% |
| Land and buildings | 22 | €74,684 | €76,273 | +€1,589 | +2.1% |
| Plant, machinery and equipment | 23 | €18,701 | €17,684 | -€1,017 | -5.4% |
| Furniture and vehicles | 24 | €1,823 | €1,364 | -€458 | -25.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €84,014 | €85,499 | +€1,485 | +1.8% |
| Stocks and contracts in progress | 3 | €53,981 | €56,030 | +€2,049 | +3.8% |
| Stocks | 30/36 | €53,981 | €56,030 | +€2,049 | +3.8% |
| Amounts receivable within one year | 40/41 | €17,232 | €5,386 | -€11,845 | -68.7% |
| Trade receivables | 40 | €4,420 | €5,386 | +€966 | +21.9% |
| Other amounts receivable | 41 | €12,812 | €0 | -€12,812 | -100% |
| Cash at bank and in hand | 54/58 | €12,801 | €21,904 | +€9,103 | +71.1% |
| Deferred charges and accrued income | 490/1 | - | €2,179 | +€2,179 | |
| Total equity and liabilities | 10/49 | €202,876 | €197,621 | -€5,255 | -2.6% |
| Equity | 10/15 | €9,992 | -€25,113 | -€35,105 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,506 | €10,506 | = | 0.0% |
| Distributable reserves | 133 | €10,506 | €10,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,114 | -€54,219 | -€35,105 | -184% |
| Amounts payable | 17/49 | €192,884 | €222,734 | +€29,851 | +15.5% |
| Amounts payable after more than one year | 17 | €25,000 | €50,000 | +€25,000 | +100% |
| Financial debts | 170/4 | €25,000 | €50,000 | +€25,000 | +100% |
| Amounts payable within one year | 42/48 | €166,986 | €172,734 | +€5,748 | +3.4% |
| Trade debts | 44 | €61,794 | €30,547 | -€31,247 | -50.6% |
| Suppliers | 440/4 | €61,794 | €30,547 | -€31,247 | -50.6% |
| Taxes, remuneration and social security | 45 | €0 | €9,453 | +€9,453 | |
| Taxes | 450/3 | €0 | €9,453 | +€9,453 | |
| Other amounts payable | 47/48 | €105,192 | €132,734 | +€27,542 | +26.2% |
| Accrued charges and deferred income | 492/3 | €898 | €0 | -€898 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,581 | €17,725 | +€14,144 | +395% |
| Other operating charges | 640/8 | €524 | €855 | +€331 | +63.0% |
| Gross operating margin | 9900 | -€6,175 | -€16,452 | -€10,277 | -166% |
| Operating profit (loss) | 9901 | -€10,281 | -€35,032 | -€24,751 | -241% |
| Financial income | 75/76B | €1 | €25 | +€24 | +4,886% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +4,886% |
| Financial charges | 65/66B | €62 | €98 | +€36 | +57.6% |
| Recurring financial charges | 65 | €62 | €98 | +€36 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,342 | -€35,105 | -€24,763 | -239% |
| Profit (loss) for the period | 9904 | -€10,342 | -€35,105 | -€24,763 | -239% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,342 | -€35,105 | -€24,763 | -239% |
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 18 October 2026 via checked.be.