DEMASURE - DEMASURE: 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.
What changed
DEMASURE - DEMASURE
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,678
2024 · -€1,433-€5,245
Equity
-€5,361
2024 · €1,317-€6,678
Cash
€6,306
2024 · €4,946+€1,360
Balance sheet total
€168,589
2024 · €196,573-€27,985
Largest movements
Assets
- Tangible fixed assets -€25,599
down €25,599 (-14.7%), from €174,401 to €148,802
- Receivables within one year -€3,322
down €3,322 (-78.5%), from €4,229 to €907
of which Other amounts receivable: -€3,414
Equity and liabilities
- Debts after one year -€25,874
down €25,874 (-16.1%), from €160,879 to €135,005
- Profit (loss) carried forward -€6,678
down €6,678 (-466%), from -€1,433 to -€8,111
- Other debts +€2,869
up €2,869, from €0 to €2,869
Income statement
- Depreciation +€3,808
up €3,808 (+12.9%), from €29,455 to €33,263
- Gross operating margin -€3,113
down €3,113 (-7.2%), from €43,004 to €39,891
- Taxes -€1,219
down €1,219 (-81.5%), from €1,497 to €277
- Financial charges -€442
down €442 (-4.3%), from €10,304 to €9,861
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.
Result 2024
-€1,433
Gross operating margin
-€3,113
Depreciation
-€3,808
Other operating charges
+€113
Financial income
-€99
Financial charges
+€442
Taxes
+€1,219
Result 2025
-€6,678
raises the resultlowers the result
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.
From operations
+€34,513
Investment
-€6,755
Financing
-€26,398
Cash 2024
€4,946
From operations (derived)
+€34,513
Net result for the year
-€6,678
Depreciation
+€33,263
Stocks and contracts
-€479
Receivables within one year
+€3,322
Deferred charges and accrued income
-€5
Trade debts
+€1,733
Tax, wage and social debts
+€489
Other debts
+€2,869
Investment (derived)
-€6,755
Investment in fixed assets (net)
-€6,755
Financing
-€26,398
Debts after one year
-€25,874
Current portion of long-term debt
+€1,063
Short-term financial debts
-€1,587
Cash 2025
€6,306
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,573 | €168,589 | -€27,985 | -14.2% |
| Fixed assets | 21/28 | €177,126 | €150,618 | -€26,508 | -15.0% |
| Intangible fixed assets | 21 | €2,725 | €1,816 | -€909 | -33.4% |
| Tangible fixed assets | 22/27 | €174,401 | €148,802 | -€25,599 | -14.7% |
| Land and buildings | 22 | €62,628 | €52,190 | -€10,438 | -16.7% |
| Plant, machinery and equipment | 23 | €67,375 | €60,088 | -€7,288 | -10.8% |
| Furniture and vehicles | 24 | €14,926 | €11,964 | -€2,961 | -19.8% |
| Other tangible fixed assets | 26 | €29,472 | €24,560 | -€4,912 | -16.7% |
| Current assets | 29/58 | €19,447 | €17,971 | -€1,477 | -7.6% |
| Stocks and contracts in progress | 3 | €7,991 | €8,471 | +€479 | +6.0% |
| Stocks | 30/36 | €7,991 | €8,471 | +€479 | +6.0% |
| Amounts receivable within one year | 40/41 | €4,229 | €907 | -€3,322 | -78.5% |
| Trade receivables | 40 | €0 | €92 | +€92 | |
| Other amounts receivable | 41 | €4,229 | €816 | -€3,414 | -80.7% |
| Cash at bank and in hand | 54/58 | €4,946 | €6,306 | +€1,360 | +27.5% |
| Deferred charges and accrued income | 490/1 | €2,281 | €2,286 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €196,573 | €168,589 | -€27,985 | -14.2% |
| Equity | 10/15 | €1,317 | -€5,361 | -€6,678 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,433 | -€8,111 | -€6,678 | -466% |
| Amounts payable | 17/49 | €195,257 | €173,950 | -€21,306 | -10.9% |
| Amounts payable after more than one year | 17 | €160,879 | €135,005 | -€25,874 | -16.1% |
| Financial debts | 170/4 | €160,879 | €135,005 | -€25,874 | -16.1% |
| Amounts payable within one year | 42/48 | €34,378 | €38,945 | +€4,567 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €24,811 | €25,874 | +€1,063 | +4.3% |
| Financial debts | 43 | €2,089 | €502 | -€1,587 | -76.0% |
| Credit institutions | 430/8 | €2,089 | €502 | -€1,587 | -76.0% |
| Trade debts | 44 | €5,222 | €6,955 | +€1,733 | +33.2% |
| Suppliers | 440/4 | €5,222 | €6,955 | +€1,733 | +33.2% |
| Taxes, remuneration and social security | 45 | €2,256 | €2,745 | +€489 | +21.7% |
| Taxes | 450/3 | €2,226 | €2,745 | +€519 | +23.3% |
| Remuneration and social security | 454/9 | €30 | €0 | -€30 | -100% |
| Other amounts payable | 47/48 | €0 | €2,869 | +€2,869 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,455 | €33,263 | +€3,808 | +12.9% |
| Other operating charges | 640/8 | €3,526 | €3,413 | -€113 | -3.2% |
| Gross operating margin | 9900 | €43,004 | €39,891 | -€3,113 | -7.2% |
| Operating profit (loss) | 9901 | €10,022 | €3,215 | -€6,807 | -67.9% |
| Financial income | 75/76B | €345 | €246 | -€99 | -28.7% |
| Recurring financial income | 75 | €345 | €246 | -€99 | -28.7% |
| Financial charges | 65/66B | €10,304 | €9,861 | -€442 | -4.3% |
| Recurring financial charges | 65 | €10,304 | €9,861 | -€442 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €64 | -€6,401 | -€6,464 | |
| Income taxes | 67/77 | €1,497 | €277 | -€1,219 | -81.5% |
| Profit (loss) for the period | 9904 | -€1,433 | -€6,678 | -€5,245 | -366% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,433 | -€6,678 | -€5,245 | -366% |
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 28 October 2026 via checked.be.