DEMARKO: 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.
DEMARKO
Largest movements
- Tangible fixed assets -€16,989
down €16,989 (-13.5%), from €125,405 to €108,416
of which Plant, machinery and equipment: -€13,525
- Cash +€6,424
up €6,424 (+13.9%), from €46,219 to €52,643
mainly Depreciation (+€16,989) and Net result for the year (+€165)
- Receivables within one year +€5,411
up €5,411 (+39.4%), from €13,731 to €19,142
of which Trade receivables: +€10,020
- Trade debts -€4,231
down €4,231 (-98.8%), from €4,283 to €51
- Depreciation +€10,191
up €10,191 (+150%), from €6,798 to €16,989
- Gross operating margin +€9,132
up €9,132 (+97.8%), from €9,334 to €18,467
- Taxes -€300
down €300 (-84.5%), from €355 to €55
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 | €185,355 | €180,546 | -€4,809 | -2.6% |
| Fixed assets | 21/28 | €125,405 | €108,416 | -€16,989 | -13.5% |
| Tangible fixed assets | 22/27 | €125,405 | €108,416 | -€16,989 | -13.5% |
| Land and buildings | 22 | €99,339 | €96,125 | -€3,214 | -3.2% |
| Plant, machinery and equipment | 23 | €25,634 | €12,109 | -€13,525 | -52.8% |
| Furniture and vehicles | 24 | €432 | €182 | -€250 | -57.9% |
| Current assets | 29/58 | €59,950 | €72,130 | +€12,180 | +20.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,731 | €19,142 | +€5,411 | +39.4% |
| Trade receivables | 40 | €7,500 | €17,520 | +€10,020 | +134% |
| Other amounts receivable | 41 | €6,231 | €1,622 | -€4,609 | -74.0% |
| Cash at bank and in hand | 54/58 | €46,219 | €52,643 | +€6,424 | +13.9% |
| Deferred charges and accrued income | 490/1 | - | €345 | +€345 | |
| Total equity and liabilities | 10/49 | €185,355 | €180,546 | -€4,809 | -2.6% |
| Equity | 10/15 | €180,330 | €180,495 | +€165 | +0.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €155,330 | €155,495 | +€165 | +0.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €155,330 | €155,495 | +€165 | +0.1% |
| Amounts payable | 17/49 | €5,025 | €51 | -€4,974 | -99.0% |
| Amounts payable within one year | 42/48 | €5,025 | €51 | -€4,974 | -99.0% |
| Trade debts | 44 | €4,283 | €51 | -€4,231 | -98.8% |
| Suppliers | 440/4 | €4,283 | €51 | -€4,231 | -98.8% |
| Taxes, remuneration and social security | 45 | €355 | €0 | -€355 | -100% |
| Taxes | 450/3 | €355 | €0 | -€355 | -100% |
| Other amounts payable | 47/48 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,798 | €16,989 | +€10,191 | +150% |
| Other operating charges | 640/8 | €1,126 | €1,209 | +€83 | +7.3% |
| Gross operating margin | 9900 | €9,334 | €18,467 | +€9,132 | +97.8% |
| Operating profit (loss) | 9901 | €1,411 | €269 | -€1,141 | -80.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €44 | €49 | +€5 | +11.7% |
| Recurring financial charges | 65 | €44 | €49 | +€5 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €1,367 | €221 | -€1,146 | -83.9% |
| Income taxes | 67/77 | €355 | €55 | -€300 | -84.5% |
| Profit (loss) for the period | 9904 | €1,012 | €165 | -€846 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012 | €165 | -€846 | -83.6% |
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.