DEMARFON: 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.
DEMARFON
Largest movements
- Cash -€232
down €232 (-40.6%), from €572 to €340
mainly Net result for the year (-€482)
- Profit (loss) carried forward -€482
down €482 (-0.4%), from -€132,161 to -€132,643
- Other debts +€250
up €250 (+0.2%), from €119,860 to €120,110
- Gross operating margin +€30
up €30 (+6.7%), from -€454 to -€424
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572 | €340 | -€232 | -40.6% |
| Current assets | 29/58 | €572 | €340 | -€232 | -40.6% |
| Cash at bank and in hand | 54/58 | €572 | €340 | -€232 | -40.6% |
| Total equity and liabilities | 10/49 | €572 | €340 | -€232 | -40.6% |
| Equity | 10/15 | -€119,289 | -€119,771 | -€482 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €472 | €472 | = | 0.0% |
| Non-distributable reserves | 130/1 | €472 | €472 | = | 0.0% |
| Reserves not available under the articles | 1311 | €472 | €472 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,161 | -€132,643 | -€482 | -0.4% |
| Amounts payable | 17/49 | €119,860 | €120,110 | +€250 | +0.2% |
| Amounts payable within one year | 42/48 | €119,860 | €120,110 | +€250 | +0.2% |
| Other amounts payable | 47/48 | €119,860 | €120,110 | +€250 | +0.2% |
| Gross operating margin | 9900 | -€454 | -€424 | +€30 | +6.7% |
| Operating profit (loss) | 9901 | -€454 | -€424 | +€30 | +6.7% |
| Financial charges | 65/66B | €54 | €59 | +€5 | +8.3% |
| Recurring financial charges | 65 | €54 | €59 | +€5 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€508 | -€482 | +€26 | +5.1% |
| Profit (loss) for the period | 9904 | -€508 | -€482 | +€26 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€508 | -€482 | +€26 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.