DEMCO PATRIA: 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.
DEMCO PATRIA
Largest movements
- Current investments -€375,000
no longer reported in 2025 (was €375,000)
- Receivables within one year -€196,170
down €196,170 (-56.9%), from €344,470 to €148,300
of which Trade receivables: -€195,240
- Cash +€115,704
up €115,704 (+72.3%), from €160,007 to €275,711
mainly Current investments (+€375,000) and Receivables within one year (+€196,170)
- Tangible fixed assets +€77,815
up €77,815 (+8.7%), from €893,677 to €971,492
of which Furniture and vehicles: +€87,952
- Intangible fixed assets +€36,746
up €36,746 (+192%), from €19,144 to €55,890
- Other debts -€482,925
down €482,925 (-68.4%), from €705,689 to €222,764
- Reserves +€104,583
up €104,583 (+42.4%), from €246,601 to €351,184
- Trade debts +€88,157
up €88,157 (+53.9%), from €163,430 to €251,587
- Debts after one year -€36,250
down €36,250 (-6.3%), from €580,000 to €543,750
- Gross operating margin +€60,407
up €60,407 (+24.3%), from €248,662 to €309,069
- Depreciation +€33,698
up €33,698 (+68.5%), from €49,220 to €82,918
- Staff costs +€4,503
up €4,503 (+6.7%), from €66,976 to €71,479
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 | €1,793,606 | €1,451,393 | -€342,213 | -19.1% |
| Fixed assets | 21/28 | €912,821 | €1,027,382 | +€114,561 | +12.6% |
| Intangible fixed assets | 21 | €19,144 | €55,890 | +€36,746 | +192% |
| Tangible fixed assets | 22/27 | €893,677 | €971,492 | +€77,815 | +8.7% |
| Land and buildings | 22 | €809,521 | €779,681 | -€29,840 | -3.7% |
| Plant, machinery and equipment | 23 | €49,298 | €69,000 | +€19,702 | +40.0% |
| Furniture and vehicles | 24 | €34,858 | €122,811 | +€87,952 | +252% |
| Current assets | 29/58 | €880,785 | €424,011 | -€456,774 | -51.9% |
| Amounts receivable within one year | 40/41 | €344,470 | €148,300 | -€196,170 | -56.9% |
| Trade receivables | 40 | €343,540 | €148,300 | -€195,240 | -56.8% |
| Other amounts receivable | 41 | €930 | - | -€930 | |
| Current investments | 50/53 | €375,000 | - | -€375,000 | |
| Cash at bank and in hand | 54/58 | €160,007 | €275,711 | +€115,704 | +72.3% |
| Deferred charges and accrued income | 490/1 | €1,308 | - | -€1,308 | |
| Total equity and liabilities | 10/49 | €1,793,606 | €1,451,393 | -€342,213 | -19.1% |
| Equity | 10/15 | €248,601 | €353,184 | +€104,583 | +42.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €246,601 | €351,184 | +€104,583 | +42.4% |
| Distributable reserves | 133 | €246,601 | €351,184 | +€104,583 | +42.4% |
| Amounts payable | 17/49 | €1,545,005 | €1,098,209 | -€446,796 | -28.9% |
| Amounts payable after more than one year | 17 | €580,000 | €543,750 | -€36,250 | -6.3% |
| Financial debts | 170/4 | €580,000 | €543,750 | -€36,250 | -6.3% |
| Amounts payable within one year | 42/48 | €965,005 | €554,459 | -€410,546 | -42.5% |
| Financial debts | 43 | €36,250 | €36,250 | = | 0.0% |
| Credit institutions | 430/8 | €36,250 | €36,250 | = | 0.0% |
| Trade debts | 44 | €163,430 | €251,587 | +€88,157 | +53.9% |
| Suppliers | 440/4 | €163,430 | €251,587 | +€88,157 | +53.9% |
| Taxes, remuneration and social security | 45 | €59,637 | €43,858 | -€15,779 | -26.5% |
| Taxes | 450/3 | €49,412 | €33,205 | -€16,207 | -32.8% |
| Remuneration and social security | 454/9 | €10,224 | €10,653 | +€428 | +4.2% |
| Other amounts payable | 47/48 | €705,689 | €222,764 | -€482,925 | -68.4% |
| Remuneration, social security and pensions | 62 | €66,976 | €71,479 | +€4,503 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,220 | €82,918 | +€33,698 | +68.5% |
| Other operating charges | 640/8 | €7,489 | €7,619 | +€130 | +1.7% |
| Gross operating margin | 9900 | €248,662 | €309,069 | +€60,407 | +24.3% |
| Operating profit (loss) | 9901 | €124,976 | €147,052 | +€22,076 | +17.7% |
| Financial income | 75/76B | €1,689 | €2,601 | +€912 | +54.0% |
| Recurring financial income | 75 | €1,689 | €2,601 | +€912 | +54.0% |
| Financial charges | 65/66B | €21,650 | €22,640 | +€990 | +4.6% |
| Recurring financial charges | 65 | €21,650 | €22,640 | +€990 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €105,015 | €127,012 | +€21,998 | +20.9% |
| Income taxes | 67/77 | €19,973 | €20,945 | +€972 | +4.9% |
| Profit (loss) for the period | 9904 | €85,042 | €106,068 | +€21,026 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,042 | €106,068 | +€21,026 | +24.7% |
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 29 October 2026 via checked.be.