DEMARS JOUETS: 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.
DEMARS JOUETS
Largest movements
- Stocks and contracts +€218,030
up €218,030 (+22.1%), from €988,644 to €1.2m
- Receivables within one year -€64,272
down €64,272 (-61.1%), from €105,227 to €40,955
of which Trade receivables: -€36,979
- Tangible fixed assets -€48,905
down €48,905 (-15.0%), from €325,295 to €276,390
of which Other tangible fixed assets: -€50,438
- Reserves +€61,501
up €61,501 (+18.5%), from €333,261 to €394,762
of which Distributable reserves: +€61,501
- Trade debts +€42,444
up €42,444 (+40.3%), from €105,329 to €147,774
- Tax, wage and social debts +€33,883
up €33,883 (+49.8%), from €68,016 to €101,900
of which Taxes: +€43,570
- Debts after one year -€30,502
down €30,502 (-100%), from €30,502 to €0
- Gross operating margin +€183,292
up €183,292 (+35.8%), from €512,548 to €695,841
- Taxes +€58,010
up €58,010 (+2,034%), from €2,852 to €60,862
- Staff costs -€41,413
down €41,413 (-10.3%), from €402,629 to €361,215
- Write-downs +€11,464
new in 2026: €11,464
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 | €1,520,830 | €1,612,291 | +€91,461 | +6.0% |
| Fixed assets | 21/28 | €338,058 | €287,153 | -€50,905 | -15.1% |
| Intangible fixed assets | 21 | €12,400 | €10,400 | -€2,000 | -16.1% |
| Tangible fixed assets | 22/27 | €325,295 | €276,390 | -€48,905 | -15.0% |
| Plant, machinery and equipment | 23 | €6,622 | €7,648 | +€1,026 | +15.5% |
| Furniture and vehicles | 24 | €2,961 | €3,469 | +€507 | +17.1% |
| Other tangible fixed assets | 26 | €315,712 | €265,274 | -€50,438 | -16.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,182,772 | €1,325,138 | +€142,366 | +12.0% |
| Stocks and contracts in progress | 3 | €988,644 | €1,206,675 | +€218,030 | +22.1% |
| Stocks | 30/36 | €988,644 | €1,206,675 | +€218,030 | +22.1% |
| Amounts receivable within one year | 40/41 | €105,227 | €40,955 | -€64,272 | -61.1% |
| Trade receivables | 40 | €69,370 | €32,391 | -€36,979 | -53.3% |
| Other amounts receivable | 41 | €35,857 | €8,565 | -€27,293 | -76.1% |
| Cash at bank and in hand | 54/58 | €50,964 | €40,348 | -€10,616 | -20.8% |
| Deferred charges and accrued income | 490/1 | €37,936 | €37,160 | -€776 | -2.0% |
| Total equity and liabilities | 10/49 | €1,520,830 | €1,612,291 | +€91,461 | +6.0% |
| Equity | 10/15 | €397,056 | €458,557 | +€61,501 | +15.5% |
| Contributions | 10/11 | €61,714 | €61,714 | = | 0.0% |
| Revaluation surpluses | 12 | €2,081 | €2,081 | = | 0.0% |
| Reserves | 13 | €333,261 | €394,762 | +€61,501 | +18.5% |
| Non-distributable reserves | 130/1 | €2,171 | €2,171 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,171 | €2,171 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,428 | €5,428 | = | 0.0% |
| Distributable reserves | 133 | €325,661 | €387,162 | +€61,501 | +18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,123,774 | €1,153,734 | +€29,960 | +2.7% |
| Amounts payable after more than one year | 17 | €30,502 | €0 | -€30,502 | -100% |
| Financial debts | 170/4 | €30,502 | €0 | -€30,502 | -100% |
| Amounts payable within one year | 42/48 | €1,093,200 | €1,153,396 | +€60,197 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €60,666 | €50,426 | -€10,240 | -16.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €105,329 | €147,774 | +€42,444 | +40.3% |
| Suppliers | 440/4 | €105,329 | €147,774 | +€42,444 | +40.3% |
| Taxes, remuneration and social security | 45 | €68,016 | €101,900 | +€33,883 | +49.8% |
| Taxes | 450/3 | €11,203 | €54,773 | +€43,570 | +389% |
| Remuneration and social security | 454/9 | €56,813 | €47,127 | -€9,686 | -17.0% |
| Other amounts payable | 47/48 | €859,188 | €853,297 | -€5,891 | -0.7% |
| Accrued charges and deferred income | 492/3 | €72 | €337 | +€265 | +369% |
| Remuneration, social security and pensions | 62 | €402,629 | €361,215 | -€41,413 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,012 | €55,274 | +€262 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,464 | +€11,464 | |
| Other operating charges | 640/8 | €22,400 | €22,282 | -€118 | -0.5% |
| Gross operating margin | 9900 | €512,548 | €695,841 | +€183,292 | +35.8% |
| Operating profit (loss) | 9901 | €32,508 | €245,606 | +€213,098 | +656% |
| Financial income | 75/76B | €84 | €305 | +€221 | +263% |
| Recurring financial income | 75 | €84 | €305 | +€221 | +263% |
| Financial charges | 65/66B | €28,673 | €23,548 | -€5,125 | -17.9% |
| Recurring financial charges | 65 | €28,673 | €23,548 | -€5,125 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €3,919 | €222,363 | +€218,444 | +5,574% |
| Income taxes | 67/77 | €2,852 | €60,862 | +€58,010 | +2,034% |
| Profit (loss) for the period | 9904 | €1,067 | €161,501 | +€160,434 | +15,037% |
| Profit (loss) for the period to be appropriated | 9905 | €1,067 | €161,501 | +€160,434 | +15,037% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.