Demaled: 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.
Demaled
Largest movements
- Tangible fixed assets +€24,055
up €24,055 (+109%), from €22,105 to €46,161
of which Furniture and vehicles: +€25,506
- Stocks and contracts +€11,088
up €11,088 (+63.7%), from €17,407 to €28,495
- Receivables within one year -€6,467
down €6,467 (-13.8%), from €46,777 to €40,310
of which Trade receivables: -€7,644
- Debts after one year +€22,598
new in 2025: €22,598
- Tax, wage and social debts -€7,766
down €7,766 (-48.5%), from €16,013 to €8,247
of which Taxes: -€7,766
- Current portion of long-term debt +€6,902
new in 2025: €6,902
- Trade debts +€4,716
up €4,716 (+175%), from €2,701 to €7,417
- Reserves +€2,261
up €2,261 (+10.6%), from €21,234 to €23,495
- Depreciation +€4,715
up €4,715 (+40.8%), from €11,559 to €16,273
- Gross operating margin +€1,885
up €1,885 (+8.0%), from €23,548 to €25,433
- Taxes -€1,652
down €1,652 (-66.5%), from €2,485 to €833
- Financial charges +€1,016
up €1,016 (+48.0%), from €2,116 to €3,131
- Other operating charges +€535
up €535 (+22.2%), from €2,406 to €2,941
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 | €94,465 | €124,624 | +€30,159 | +31.9% |
| Fixed assets | 21/28 | €22,171 | €46,161 | +€23,990 | +108% |
| Intangible fixed assets | 21 | €65 | €0 | -€65 | -100% |
| Tangible fixed assets | 22/27 | €22,105 | €46,161 | +€24,055 | +109% |
| Plant, machinery and equipment | 23 | €18,863 | €17,706 | -€1,156 | -6.1% |
| Furniture and vehicles | 24 | €2,626 | €28,132 | +€25,506 | +971% |
| Other tangible fixed assets | 26 | €616 | €322 | -€294 | -47.7% |
| Current assets | 29/58 | €72,294 | €78,463 | +€6,169 | +8.5% |
| Stocks and contracts in progress | 3 | €17,407 | €28,495 | +€11,088 | +63.7% |
| Stocks | 30/36 | €17,407 | €28,495 | +€11,088 | +63.7% |
| Amounts receivable within one year | 40/41 | €46,777 | €40,310 | -€6,467 | -13.8% |
| Trade receivables | 40 | €46,777 | €39,133 | -€7,644 | -16.3% |
| Other amounts receivable | 41 | - | €1,178 | +€1,178 | |
| Cash at bank and in hand | 54/58 | €4,671 | €5,785 | +€1,114 | +23.8% |
| Deferred charges and accrued income | 490/1 | €3,439 | €3,872 | +€433 | +12.6% |
| Total equity and liabilities | 10/49 | €94,465 | €124,624 | +€30,159 | +31.9% |
| Equity | 10/15 | €39,784 | €42,045 | +€2,261 | +5.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €21,234 | €23,495 | +€2,261 | +10.6% |
| Distributable reserves | 133 | €21,234 | €23,495 | +€2,261 | +10.6% |
| Amounts payable | 17/49 | €54,680 | €82,578 | +€27,898 | +51.0% |
| Amounts payable after more than one year | 17 | - | €22,598 | +€22,598 | |
| Financial debts | 170/4 | - | €22,598 | +€22,598 | |
| Amounts payable within one year | 42/48 | €54,680 | €58,621 | +€3,941 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,902 | +€6,902 | |
| Financial debts | 43 | €68 | €23 | -€45 | -66.0% |
| Credit institutions | 430/8 | €68 | €23 | -€45 | -66.0% |
| Trade debts | 44 | €2,701 | €7,417 | +€4,716 | +175% |
| Suppliers | 440/4 | €2,701 | €7,417 | +€4,716 | +175% |
| Taxes, remuneration and social security | 45 | €16,013 | €8,247 | -€7,766 | -48.5% |
| Taxes | 450/3 | €13,513 | €5,747 | -€7,766 | -57.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €35,898 | €36,032 | +€134 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €1,360 | +€1,360 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,559 | €16,273 | +€4,715 | +40.8% |
| Other operating charges | 640/8 | €2,406 | €2,941 | +€535 | +22.2% |
| Non-recurring operating charges | 66A | €621 | €371 | -€250 | -40.2% |
| Gross operating margin | 9900 | €23,548 | €25,433 | +€1,885 | +8.0% |
| Operating profit (loss) | 9901 | €8,962 | €5,848 | -€3,114 | -34.8% |
| Financial income | 75/76B | €60 | €377 | +€318 | +532% |
| Recurring financial income | 75 | €60 | €377 | +€318 | +532% |
| Financial charges | 65/66B | €2,116 | €3,131 | +€1,016 | +48.0% |
| Recurring financial charges | 65 | €2,116 | €3,131 | +€1,016 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €6,906 | €3,094 | -€3,812 | -55.2% |
| Income taxes | 67/77 | €2,485 | €833 | -€1,652 | -66.5% |
| Profit (loss) for the period | 9904 | €4,421 | €2,261 | -€2,161 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,421 | €2,261 | -€2,161 | -48.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.