DEMC: what changed
Two fiscal 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.
DEMC
Largest movements
- Receivables within one year -€137,761
down €137,761 (-84.4%), from €163,314 to €25,553
of which Other amounts receivable: -€142,480
- Cash -€20,613
down €20,613 (-33.9%), from €60,838 to €40,225
mainly Contributions, distributions and other (-€184,000) and Investment in fixed assets (net) (-€15,355)
- Reserves -€142,075
down €142,075 (-86.0%), from €165,276 to €23,201
- Profit (loss) carried forward -€9,890
down €9,890 (-23.6%), from €41,925 to €32,035
- Other debts +€9,860
new in 2025: €9,860
- Tax, wage and social debts -€9,021
down €9,021 (-16.2%), from €55,841 to €46,820
- Trade debts -€5,657
down €5,657 (-72.0%), from €7,855 to €2,198
- Depreciation +€6,146
up €6,146 (+80.7%), from €7,618 to €13,764
- Financial income -€2,366
down €2,366 (-78.1%), from €3,030 to €664
- Gross operating margin -€1,509
down €1,509 (-2.5%), from €61,425 to €59,916
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 | €270,897 | €114,114 | -€156,783 | -57.9% |
| Fixed assets | 21/28 | €46,745 | €48,336 | +€1,591 | +3.4% |
| Tangible fixed assets | 22/27 | €46,745 | €48,336 | +€1,591 | +3.4% |
| Land and buildings | 22 | - | €7,959 | +€7,959 | |
| Plant, machinery and equipment | 23 | €18,073 | €13,676 | -€4,397 | -24.3% |
| Furniture and vehicles | 24 | €22,747 | €22,756 | +€9 | 0.0% |
| Other tangible fixed assets | 26 | €5,925 | €3,945 | -€1,980 | -33.4% |
| Current assets | 29/58 | €224,152 | €65,778 | -€158,374 | -70.7% |
| Amounts receivable within one year | 40/41 | €163,314 | €25,553 | -€137,761 | -84.4% |
| Trade receivables | 40 | €16,335 | €21,054 | +€4,719 | +28.9% |
| Other amounts receivable | 41 | €146,979 | €4,499 | -€142,480 | -96.9% |
| Cash at bank and in hand | 54/58 | €60,838 | €40,225 | -€20,613 | -33.9% |
| Total equity and liabilities | 10/49 | €270,897 | €114,114 | -€156,783 | -57.9% |
| Equity | 10/15 | €207,201 | €55,236 | -€151,965 | -73.3% |
| Reserves | 13 | €165,276 | €23,201 | -€142,075 | -86.0% |
| Distributable reserves | 133 | €165,276 | €23,201 | -€142,075 | -86.0% |
| Profit (loss) carried forward | 14 | €41,925 | €32,035 | -€9,890 | -23.6% |
| Amounts payable | 17/49 | €63,696 | €58,878 | -€4,818 | -7.6% |
| Amounts payable within one year | 42/48 | €63,696 | €58,878 | -€4,818 | -7.6% |
| Trade debts | 44 | €7,855 | €2,198 | -€5,657 | -72.0% |
| Suppliers | 440/4 | €7,855 | €2,198 | -€5,657 | -72.0% |
| Taxes, remuneration and social security | 45 | €55,841 | €46,820 | -€9,021 | -16.2% |
| Taxes | 450/3 | €55,841 | €46,820 | -€9,021 | -16.2% |
| Other amounts payable | 47/48 | - | €9,860 | +€9,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,618 | €13,764 | +€6,146 | +80.7% |
| Other operating charges | 640/8 | €1,133 | €1,269 | +€136 | +12.0% |
| Gross operating margin | 9900 | €61,425 | €59,916 | -€1,509 | -2.5% |
| Operating profit (loss) | 9901 | €52,674 | €44,883 | -€7,791 | -14.8% |
| Financial income | 75/76B | €3,030 | €664 | -€2,366 | -78.1% |
| Recurring financial income | 75 | €3,030 | €664 | -€2,366 | -78.1% |
| Financial charges | 65/66B | €2,011 | €2,011 | = | 0.0% |
| Recurring financial charges | 65 | €2,011 | €2,011 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €53,693 | €43,536 | -€10,157 | -18.9% |
| Income taxes | 67/77 | €11,768 | €11,501 | -€267 | -2.3% |
| Profit (loss) for the period | 9904 | €41,925 | €32,035 | -€9,890 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,925 | €32,035 | -€9,890 | -23.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.