DEMARMETAL: 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.
DEMARMETAL
Largest movements
- Stocks and contracts +€17,416
up €17,416 (+11.1%), from €156,646 to €174,062
- Receivables within one year -€4,845
down €4,845 (-13.7%), from €35,344 to €30,499
of which Trade receivables: -€3,470
- Cash -€3,804
down €3,804 (-8.9%), from €42,790 to €38,987
mainly Stocks and contracts (-€17,416) and Deferred charges and accrued income (-€245)
- Tax, wage and social debts +€7,131
up €7,131 (+125%), from €5,697 to €12,828
of which Taxes: +€4,131
- Other operating charges -€4,003
down €4,003 (-84.8%), from €4,720 to €716
- Gross operating margin +€3,615
up €3,615, from -€2,524 to €1,091
- Write-downs -€372
new in 2026: -€372
- Financial income +€337
up €337 (+179%), from €189 to €526
- Financial charges -€200
down €200 (-48.2%), from €415 to €215
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 | €236,281 | €245,293 | +€9,012 | +3.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €236,281 | €245,293 | +€9,012 | +3.8% |
| Stocks and contracts in progress | 3 | €156,646 | €174,062 | +€17,416 | +11.1% |
| Stocks | 30/36 | €156,646 | €174,062 | +€17,416 | +11.1% |
| Amounts receivable within one year | 40/41 | €35,344 | €30,499 | -€4,845 | -13.7% |
| Trade receivables | 40 | €33,326 | €29,855 | -€3,470 | -10.4% |
| Other amounts receivable | 41 | €2,018 | €644 | -€1,375 | -68.1% |
| Cash at bank and in hand | 54/58 | €42,790 | €38,987 | -€3,804 | -8.9% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,746 | +€245 | +16.4% |
| Total equity and liabilities | 10/49 | €236,281 | €245,293 | +€9,012 | +3.8% |
| Equity | 10/15 | €218,735 | €219,672 | +€937 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €92,103 | €92,103 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €90,103 | €90,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,041 | €108,977 | +€937 | +0.9% |
| Amounts payable | 17/49 | €17,545 | €25,621 | +€8,076 | +46.0% |
| Amounts payable within one year | 42/48 | €17,545 | €25,621 | +€8,076 | +46.0% |
| Trade debts | 44 | €11,848 | €12,793 | +€945 | +8.0% |
| Suppliers | 440/4 | €11,848 | €12,793 | +€945 | +8.0% |
| Taxes, remuneration and social security | 45 | €5,697 | €12,828 | +€7,131 | +125% |
| Taxes | 450/3 | €5,697 | €9,828 | +€4,131 | +72.5% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€372 | -€372 | |
| Other operating charges | 640/8 | €4,720 | €716 | -€4,003 | -84.8% |
| Gross operating margin | 9900 | -€2,524 | €1,091 | +€3,615 | |
| Operating profit (loss) | 9901 | -€7,243 | €747 | +€7,990 | |
| Financial income | 75/76B | €189 | €526 | +€337 | +179% |
| Recurring financial income | 75 | €189 | €526 | +€337 | +179% |
| Financial charges | 65/66B | €415 | €215 | -€200 | -48.2% |
| Recurring financial charges | 65 | €415 | €215 | -€200 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,469 | €1,058 | +€8,528 | |
| Income taxes | 67/77 | €223 | €122 | -€101 | -45.4% |
| Profit (loss) for the period | 9904 | -€7,692 | €937 | +€8,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,692 | €937 | +€8,629 |
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 26 October 2026 via checked.be.