DEMATT: 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.
DEMATT
Largest movements
- Receivables within one year -€180,237
down €180,237 (-14.5%), from €1.2m to €1.1m
of which Other amounts receivable: -€333,233
- Intangible fixed assets +€156,412
new in 2025: €156,412
- Stocks and contracts +€69,355
up €69,355 (+21.6%), from €320,912 to €390,267
- Tangible fixed assets +€65,452
up €65,452 (+213%), from €30,664 to €96,116
of which Furniture and vehicles: +€52,587
- Profit (loss) carried forward +€83,643
up €83,643 (+49.3%), from -€169,594 to -€85,951
- Trade debts +€58,138
up €58,138 (+13.9%), from €419,359 to €477,498
- Advances received +€51,124
up €51,124 (+2,007%), from €2,547 to €53,671
- Other debts -€49,950
down €49,950 (-5.5%), from €903,848 to €853,898
- Tax, wage and social debts -€22,482
down €22,482 (-22.5%), from €100,018 to €77,536
of which Remuneration and social security: -€21,083
- Gross operating margin +€576,414
up €576,414 (+340%), from €169,665 to €746,079
- Other operating charges -€222,361
down €222,361 (-96.2%), from €231,122 to €8,760
- Staff costs -€43,555
down €43,555 (-6.4%), from €684,321 to €640,765
- Write-downs +€41,647
up €41,647, from -€41,323 to €324
- Financial income -€18,701
down €18,701 (-52.4%), from €35,684 to €16,984
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 | €1,629,458 | €1,750,799 | +€121,341 | +7.4% |
| Fixed assets | 21/28 | €30,664 | €252,527 | +€221,863 | +724% |
| Intangible fixed assets | 21 | - | €156,412 | +€156,412 | |
| Tangible fixed assets | 22/27 | €30,664 | €96,116 | +€65,452 | +213% |
| Plant, machinery and equipment | 23 | €10,533 | €23,397 | +€12,865 | +122% |
| Furniture and vehicles | 24 | €20,131 | €72,718 | +€52,587 | +261% |
| Current assets | 29/58 | €1,598,795 | €1,498,272 | -€100,523 | -6.3% |
| Stocks and contracts in progress | 3 | €320,912 | €390,267 | +€69,355 | +21.6% |
| Stocks | 30/36 | €320,912 | €390,267 | +€69,355 | +21.6% |
| Amounts receivable within one year | 40/41 | €1,243,771 | €1,063,533 | -€180,237 | -14.5% |
| Trade receivables | 40 | €796,740 | €949,735 | +€152,996 | +19.2% |
| Other amounts receivable | 41 | €447,031 | €113,798 | -€333,233 | -74.5% |
| Cash at bank and in hand | 54/58 | €25,356 | €42,013 | +€16,657 | +65.7% |
| Deferred charges and accrued income | 490/1 | €8,756 | €2,459 | -€6,297 | -71.9% |
| Total equity and liabilities | 10/49 | €1,629,458 | €1,750,799 | +€121,341 | +7.4% |
| Equity | 10/15 | €128,686 | €212,329 | +€83,643 | +65.0% |
| 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 | €236,307 | €236,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,197 | €46,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €189,986 | €189,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,594 | -€85,951 | +€83,643 | +49.3% |
| Amounts payable | 17/49 | €1,500,772 | €1,538,470 | +€37,697 | +2.5% |
| Amounts payable within one year | 42/48 | €1,500,772 | €1,538,470 | +€37,697 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €75,000 | €75,868 | +€868 | +1.2% |
| Credit institutions | 430/8 | €75,000 | €75,868 | +€868 | +1.2% |
| Trade debts | 44 | €419,359 | €477,498 | +€58,138 | +13.9% |
| Suppliers | 440/4 | €419,359 | €477,498 | +€58,138 | +13.9% |
| Advances received on contracts in progress | 46 | €2,547 | €53,671 | +€51,124 | +2,007% |
| Taxes, remuneration and social security | 45 | €100,018 | €77,536 | -€22,482 | -22.5% |
| Taxes | 450/3 | €25,270 | €23,871 | -€1,399 | -5.5% |
| Remuneration and social security | 454/9 | €74,748 | €53,664 | -€21,083 | -28.2% |
| Other amounts payable | 47/48 | €903,848 | €853,898 | -€49,950 | -5.5% |
| Remuneration, social security and pensions | 62 | €684,321 | €640,765 | -€43,555 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,666 | €19,844 | +€4,177 | +26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€41,323 | €324 | +€41,647 | |
| Other operating charges | 640/8 | €231,122 | €8,760 | -€222,361 | -96.2% |
| Gross operating margin | 9900 | €169,665 | €746,079 | +€576,414 | +340% |
| Operating profit (loss) | 9901 | -€720,120 | €76,385 | +€796,506 | |
| Financial income | 75/76B | €35,684 | €16,984 | -€18,701 | -52.4% |
| Recurring financial income | 75 | €35,684 | €16,984 | -€18,701 | -52.4% |
| Financial charges | 65/66B | €10,729 | €8,421 | -€2,309 | -21.5% |
| Recurring financial charges | 65 | €10,729 | €8,421 | -€2,309 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€695,165 | €84,948 | +€780,114 | |
| Income taxes | 67/77 | €1,305 | €1,305 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€696,470 | €83,643 | +€780,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€696,470 | €83,643 | +€780,114 |
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 15 October 2026 via checked.be.