DEMAR BOUW: 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.
DEMAR BOUW
Largest movements
- Tangible fixed assets +€8,706
up €8,706 (+46.0%), from €18,912 to €27,618
of which Leasing and similar rights: +€8,284
- Cash +€6,954
up €6,954 (+1,277%), from €544 to €7,499
mainly Other debts (+€13,758) and Depreciation (+€7,380)
- Stocks and contracts -€2,592
down €2,592 (-88.1%), from €2,942 to €350
- Other debts +€13,758
up €13,758 (+149%), from €9,234 to €22,991
- Profit (loss) carried forward -€7,742
new in 2025: -€7,742
- Debts after one year +€6,162
up €6,162 (+1,022%), from €603 to €6,765
- Current portion of long-term debt +€1,001
up €1,001 (+196%), from €511 to €1,511
- Trade debts -€687
down €687 (-29.1%), from €2,358 to €1,671
- Gross operating margin -€6,303
down €6,303 (-80.6%), from €7,821 to €1,517
- Depreciation +€1,674
up €1,674 (+29.3%), from €5,706 to €7,380
- Financial charges +€537
up €537 (+110%), from €487 to €1,024
- Taxes -€346
no longer reported in 2025 (was €346)
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 | €29,791 | €42,195 | +€12,404 | +41.6% |
| Fixed assets | 21/28 | €19,431 | €27,967 | +€8,536 | +43.9% |
| Intangible fixed assets | 21 | €519 | €349 | -€170 | -32.8% |
| Tangible fixed assets | 22/27 | €18,912 | €27,618 | +€8,706 | +46.0% |
| Plant, machinery and equipment | 23 | €1,939 | €1,721 | -€218 | -11.2% |
| Furniture and vehicles | 24 | €16,973 | €17,613 | +€640 | +3.8% |
| Leasing and similar rights | 25 | - | €8,284 | +€8,284 | |
| Current assets | 29/58 | €10,360 | €14,228 | +€3,868 | +37.3% |
| Stocks and contracts in progress | 3 | €2,942 | €350 | -€2,592 | -88.1% |
| Stocks | 30/36 | €2,942 | €350 | -€2,592 | -88.1% |
| Amounts receivable within one year | 40/41 | €5,634 | €5,492 | -€142 | -2.5% |
| Trade receivables | 40 | €5,275 | €4,352 | -€923 | -17.5% |
| Other amounts receivable | 41 | €360 | €1,140 | +€781 | +217% |
| Cash at bank and in hand | 54/58 | €544 | €7,499 | +€6,954 | +1,277% |
| Deferred charges and accrued income | 490/1 | €1,239 | €887 | -€352 | -28.4% |
| Total equity and liabilities | 10/49 | €29,791 | €42,195 | +€12,404 | +41.6% |
| Equity | 10/15 | €13,387 | €5,646 | -€7,742 | -57.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,387 | €3,387 | = | 0.0% |
| Distributable reserves | 133 | €3,387 | €3,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,742 | -€7,742 | |
| Amounts payable | 17/49 | €16,404 | €36,549 | +€20,145 | +123% |
| Amounts payable after more than one year | 17 | €603 | €6,765 | +€6,162 | +1,022% |
| Financial debts | 170/4 | €603 | €6,765 | +€6,162 | +1,022% |
| Amounts payable within one year | 42/48 | €15,652 | €29,723 | +€14,071 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | €511 | €1,511 | +€1,001 | +196% |
| Trade debts | 44 | €2,358 | €1,671 | -€687 | -29.1% |
| Suppliers | 440/4 | €2,358 | €1,671 | -€687 | -29.1% |
| Taxes, remuneration and social security | 45 | €3,550 | €3,550 | = | 0.0% |
| Taxes | 450/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €9,234 | €22,991 | +€13,758 | +149% |
| Accrued charges and deferred income | 492/3 | €149 | €61 | -€88 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,706 | €7,380 | +€1,674 | +29.3% |
| Other operating charges | 640/8 | €834 | €880 | +€46 | +5.5% |
| Gross operating margin | 9900 | €7,821 | €1,517 | -€6,303 | -80.6% |
| Operating profit (loss) | 9901 | €1,281 | -€6,742 | -€8,023 | |
| Financial income | 75/76B | €77 | €24 | -€53 | -68.3% |
| Recurring financial income | 75 | €77 | €24 | -€53 | -68.3% |
| Financial charges | 65/66B | €487 | €1,024 | +€537 | +110% |
| Recurring financial charges | 65 | €487 | €1,024 | +€537 | +110% |
| Profit (loss) for the period before taxes | 9903 | €871 | -€7,742 | -€8,612 | |
| Income taxes | 67/77 | €346 | - | -€346 | |
| Profit (loss) for the period | 9904 | €525 | -€7,742 | -€8,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €525 | -€7,742 | -€8,267 |
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 27 October 2026 via checked.be.