DEMATRANS: 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.
DEMATRANS
Largest movements
- Tangible fixed assets -€99,043
down €99,043 (-19.7%), from €503,584 to €404,541
of which Furniture and vehicles: -€96,896
- Deferred charges and accrued income -€14,595
no longer reported in 2025 (was €14,595)
- Receivables within one year -€13,259
down €13,259 (-5.5%), from €242,913 to €229,654
of which Trade receivables: -€229,198
- Trade debts -€58,847
down €58,847 (-84.6%), from €69,520 to €10,673
- Other debts -€32,935
down €32,935 (-14.7%), from €224,696 to €191,761
- Debts after one year -€32,841
down €32,841 (-29.5%), from €111,429 to €78,587
- Current portion of long-term debt -€25,440
down €25,440 (-43.7%), from €58,282 to €32,841
- Reserves +€18,917
up €18,917 (+10.9%), from €174,194 to €193,112
of which Distributable reserves: +€18,917
- Gross operating margin +€40,899
up €40,899 (+9.0%), from €452,008 to €492,907
- Staff costs +€37,965
up €37,965 (+12.8%), from €297,518 to €335,484
- Depreciation +€13,655
up €13,655 (+13.0%), from €104,872 to €118,527
- Other operating charges -€5,715
down €5,715 (-49.0%), from €11,667 to €5,952
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.
Cash bridge derived
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 | €773,740 | €650,180 | -€123,560 | -16.0% |
| Fixed assets | 21/28 | €503,584 | €404,541 | -€99,043 | -19.7% |
| Tangible fixed assets | 22/27 | €503,584 | €404,541 | -€99,043 | -19.7% |
| Plant, machinery and equipment | 23 | €4,905 | €2,758 | -€2,147 | -43.8% |
| Furniture and vehicles | 24 | €498,679 | €401,784 | -€96,896 | -19.4% |
| Current assets | 29/58 | €270,156 | €245,638 | -€24,517 | -9.1% |
| Amounts receivable within one year | 40/41 | €242,913 | €229,654 | -€13,259 | -5.5% |
| Trade receivables | 40 | €242,913 | €13,715 | -€229,198 | -94.4% |
| Other amounts receivable | 41 | - | €215,939 | +€215,939 | |
| Cash at bank and in hand | 54/58 | €12,648 | €15,985 | +€3,336 | +26.4% |
| Deferred charges and accrued income | 490/1 | €14,595 | - | -€14,595 | |
| Total equity and liabilities | 10/49 | €773,740 | €650,180 | -€123,560 | -16.0% |
| Equity | 10/15 | €255,085 | €270,121 | +€15,036 | +5.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €174,194 | €193,112 | +€18,917 | +10.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €163,997 | €182,914 | +€18,917 | +11.5% |
| Profit (loss) carried forward | 14 | €18,917 | €15,036 | -€3,881 | -20.5% |
| Amounts payable | 17/49 | €518,655 | €380,059 | -€138,596 | -26.7% |
| Amounts payable after more than one year | 17 | €111,429 | €78,587 | -€32,841 | -29.5% |
| Financial debts | 170/4 | €111,429 | €78,587 | -€32,841 | -29.5% |
| Amounts payable within one year | 42/48 | €407,226 | €300,617 | -€106,609 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €58,282 | €32,841 | -€25,440 | -43.7% |
| Trade debts | 44 | €69,520 | €10,673 | -€58,847 | -84.6% |
| Suppliers | 440/4 | €69,520 | €10,673 | -€58,847 | -84.6% |
| Taxes, remuneration and social security | 45 | €54,728 | €65,342 | +€10,613 | +19.4% |
| Taxes | 450/3 | €25,578 | €32,702 | +€7,124 | +27.9% |
| Remuneration and social security | 454/9 | €29,150 | €32,639 | +€3,489 | +12.0% |
| Other amounts payable | 47/48 | €224,696 | €191,761 | -€32,935 | -14.7% |
| Accrued charges and deferred income | 492/3 | - | €854 | +€854 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €297,518 | €335,484 | +€37,965 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,872 | €118,527 | +€13,655 | +13.0% |
| Other operating charges | 640/8 | €11,667 | €5,952 | -€5,715 | -49.0% |
| Gross operating margin | 9900 | €452,008 | €492,907 | +€40,899 | +9.0% |
| Operating profit (loss) | 9901 | €37,951 | €32,945 | -€5,006 | -13.2% |
| Financial income | 75/76B | €91 | €44 | -€47 | -51.3% |
| Recurring financial income | 75 | €91 | €44 | -€47 | -51.3% |
| Financial charges | 65/66B | €8,642 | €10,765 | +€2,122 | +24.6% |
| Recurring financial charges | 65 | €8,642 | €10,765 | +€2,122 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €29,399 | €22,224 | -€7,175 | -24.4% |
| Income taxes | 67/77 | €10,482 | €7,189 | -€3,293 | -31.4% |
| Profit (loss) for the period | 9904 | €18,917 | €15,036 | -€3,881 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,917 | €15,036 | -€3,881 | -20.5% |
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 10 October 2026 via checked.be.