DEMARBIT: what changed
Two fiscal 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.
DEMARBIT
Largest movements
- Tangible fixed assets -€13,761
down €13,761 (-72.6%), from €18,954 to €5,192
of which Furniture and vehicles: -€17,157
- Receivables within one year +€5,634
up €5,634 (+504.9%), from €1,116 to €6,750
of which Other amounts receivable: +€6,234
- Cash -€1,352
down €1,352 (-53.5%), from €2,527 to €1,175
mainly Receivables within one year (-€5,634) and Current portion of long-term debt (-€3,840)
- Current portion of long-term debt -€3,840
down €3,840 (-41.4%), from €9,272 to €5,433
- Tax, wage and social debts -€2,858
down €2,858 (-68.4%), from €4,178 to €1,321
- Trade debts -€1,760
down €1,760 (-83.2%), from €2,116 to €356
- Short-term financial debts +€1,072
new in 2025: €1,072
- Debts after one year -€954
down €954 (-13.8%), from €6,937 to €5,982
- Gross operating margin -€25,315
down €25,315 (-89.7%), from €28,223 to €2,908
- Depreciation -€11,726
down €11,726 (-90.2%), from €12,993 to €1,267
- Taxes -€3,778
down €3,778 (-95.8%), from €3,944 to €166
- Financial charges +€933
up €933 (+195.5%), from €477 to €1,410
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.
Cash bridge derived
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 | €25,104 | €15,634 | -€9,470 | -37.7% |
| Fixed assets | 21/28 | €18,954 | €5,192 | -€13,761 | -72.6% |
| Tangible fixed assets | 22/27 | €18,954 | €5,192 | -€13,761 | -72.6% |
| Plant, machinery and equipment | 23 | €1,797 | €5,192 | +€3,396 | +189.0% |
| Furniture and vehicles | 24 | €17,157 | - | -€17,157 | |
| Current assets | 29/58 | €6,150 | €10,442 | +€4,292 | +69.8% |
| Stocks and contracts in progress | 3 | €2,353 | €2,353 | = | 0.0% |
| Stocks | 30/36 | €2,353 | €2,353 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,116 | €6,750 | +€5,634 | +504.9% |
| Trade receivables | 40 | €1,092 | €492 | -€600 | -55.0% |
| Other amounts receivable | 41 | €24 | €6,258 | +€6,234 | +25654.8% |
| Cash at bank and in hand | 54/58 | €2,527 | €1,175 | -€1,352 | -53.5% |
| Deferred charges and accrued income | 490/1 | €154 | €164 | +€9 | +6.2% |
| Total equity and liabilities | 10/49 | €25,104 | €15,634 | -€9,470 | -37.7% |
| Equity | 10/15 | €1,864 | €1,471 | -€393 | -21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,136 | -€3,529 | -€393 | -12.5% |
| Amounts payable | 17/49 | €23,240 | €14,164 | -€9,077 | -39.1% |
| Amounts payable after more than one year | 17 | €6,937 | €5,982 | -€954 | -13.8% |
| Financial debts | 170/4 | €6,937 | €5,982 | -€954 | -13.8% |
| Amounts payable within one year | 42/48 | €16,304 | €8,181 | -€8,122 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €9,272 | €5,433 | -€3,840 | -41.4% |
| Financial debts | 43 | - | €1,072 | +€1,072 | |
| Credit institutions | 430/8 | - | €1,072 | +€1,072 | |
| Trade debts | 44 | €2,116 | €356 | -€1,760 | -83.2% |
| Suppliers | 440/4 | €2,116 | €356 | -€1,760 | -83.2% |
| Advances received on contracts in progress | 46 | €726 | - | -€726 | |
| Taxes, remuneration and social security | 45 | €4,178 | €1,321 | -€2,858 | -68.4% |
| Taxes | 450/3 | €4,178 | €1,321 | -€2,858 | -68.4% |
| Other amounts payable | 47/48 | €11 | - | -€11 | |
| Non-recurring operating income | 76A | - | €7,786 | +€7,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,993 | €1,267 | -€11,726 | -90.2% |
| Other operating charges | 640/8 | €670 | €549 | -€121 | -18.1% |
| Gross operating margin | 9900 | €28,223 | €2,908 | -€25,315 | -89.7% |
| Operating profit (loss) | 9901 | €14,560 | €1,092 | -€13,468 | -92.5% |
| Financial income | 75/76B | €1 | €90 | +€90 | +12817.1% |
| Recurring financial income | 75 | €1 | €90 | +€90 | +12817.1% |
| Financial charges | 65/66B | €477 | €1,410 | +€933 | +195.5% |
| Recurring financial charges | 65 | €477 | €1,410 | +€933 | +195.5% |
| Profit (loss) for the period before taxes | 9903 | €14,084 | -€228 | -€14,311 | |
| Income taxes | 67/77 | €3,944 | €166 | -€3,778 | -95.8% |
| Profit (loss) for the period | 9904 | €10,140 | -€393 | -€10,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,140 | -€393 | -€10,533 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.