DEMARMOIS: 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.
DEMARMOIS
Largest movements
- Receivables within one year +€52,071
up €52,071 (+64.0%), from €81,398 to €133,469
of which Trade receivables: +€52,072
- Cash -€44,420
down €44,420 (-92.6%), from €47,963 to €3,543
mainly Receivables within one year (-€52,071) and Investment in fixed assets (net) (-€28,500)
- Tangible fixed assets -€31,538
down €31,538 (-19.5%), from €161,438 to €129,899
of which Furniture and vehicles: -€30,964
- Current portion of long-term debt -€19,280
down €19,280 (-68.5%), from €28,137 to €8,857
- Profit (loss) carried forward +€18,067
up €18,067, from -€10,533 to €7,534
- Debts after one year -€8,857
down €8,857 (-16.7%), from €53,143 to €44,286
- Other debts -€8,209
down €8,209 (-5.2%), from €158,006 to €149,796
- Tax, wage and social debts -€3,043
down €3,043 (-64.3%), from €4,732 to €1,688
- Turnover +€105,159
new in 2025: €105,159
- Purchases and services +€37,959
new in 2025: €37,959
- Depreciation +€4,287
up €4,287 (+7.7%), from €55,751 to €60,038
- Financial charges +€1,971
up €1,971 (+316%), from €624 to €2,595
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 | €290,927 | €269,169 | -€21,757 | -7.5% |
| Fixed assets | 21/28 | €161,438 | €129,899 | -€31,538 | -19.5% |
| Tangible fixed assets | 22/27 | €161,438 | €129,899 | -€31,538 | -19.5% |
| Plant, machinery and equipment | 23 | €80,969 | €80,395 | -€575 | -0.7% |
| Furniture and vehicles | 24 | €80,468 | €49,505 | -€30,964 | -38.5% |
| Current assets | 29/58 | €129,489 | €139,270 | +€9,781 | +7.6% |
| Amounts receivable within one year | 40/41 | €81,398 | €133,469 | +€52,071 | +64.0% |
| Trade receivables | 40 | €65,343 | €117,414 | +€52,072 | +79.7% |
| Other amounts receivable | 41 | €16,055 | €16,055 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €47,963 | €3,543 | -€44,420 | -92.6% |
| Deferred charges and accrued income | 490/1 | €128 | €2,258 | +€2,130 | +1,662% |
| Total equity and liabilities | 10/49 | €290,927 | €269,169 | -€21,757 | -7.5% |
| Equity | 10/15 | €46,423 | €64,490 | +€18,067 | +38.9% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €756 | €756 | = | 0.0% |
| Distributable reserves | 133 | €756 | €756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,533 | €7,534 | +€18,067 | |
| Amounts payable | 17/49 | €244,504 | €204,679 | -€39,825 | -16.3% |
| Amounts payable after more than one year | 17 | €53,143 | €44,286 | -€8,857 | -16.7% |
| Financial debts | 170/4 | €53,143 | €44,286 | -€8,857 | -16.7% |
| Amounts payable within one year | 42/48 | €191,361 | €160,393 | -€30,968 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €28,137 | €8,857 | -€19,280 | -68.5% |
| Trade debts | 44 | €486 | €52 | -€435 | -89.4% |
| Suppliers | 440/4 | €486 | €52 | -€435 | -89.4% |
| Taxes, remuneration and social security | 45 | €4,732 | €1,688 | -€3,043 | -64.3% |
| Taxes | 450/3 | €4,732 | €1,688 | -€3,043 | -64.3% |
| Other amounts payable | 47/48 | €158,006 | €149,796 | -€8,209 | -5.2% |
| Turnover | 70 | - | €105,159 | +€105,159 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €37,959 | +€37,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,751 | €60,038 | +€4,287 | +7.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €80,722 | €81,100 | +€378 | +0.5% |
| Operating profit (loss) | 9901 | €24,584 | €20,662 | -€3,921 | -16.0% |
| Financial charges | 65/66B | €624 | €2,595 | +€1,971 | +316% |
| Recurring financial charges | 65 | €624 | €2,595 | +€1,971 | +316% |
| Profit (loss) for the period before taxes | 9903 | €23,960 | €18,067 | -€5,893 | -24.6% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €23,960 | €18,067 | -€5,893 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,960 | €18,067 | -€5,893 | -24.6% |
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 22 October 2026 via checked.be.