DEME CONCESSIONS: 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
DEME CONCESSIONS
NACE 72.109, Other research and development on natural sciences
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.2m
2024 · €26.5m-€29.8m
Equity
€174.9m
2024 · €178.1m-€3.2m
Cash
-
not filed
Balance sheet total
€209.7m
2024 · €210.3m-€576,468
Largest movements
Assets
- Receivables within one year -€4.1m
down €4.1m (-10.3%), from €39.5m to €35.4m
of which Other amounts receivable: -€2.3m
- Receivables after one year +€3.9m
up €3.9m (+13.8%), from €28.0m to €31.9m
Equity and liabilities
- Debts after one year +€4.1m
up €4.1m (+15.6%), from €26.1m to €30.2m
- Profit (loss) carried forward -€3.2m
down €3.2m (-5.9%), from €55.1m to €51.9m
Income statement
- Financial income -€29.9m
down €29.9m (-87.0%), from €34.4m to €4.5m
of which Financial income: -€28.2m
- Turnover -€6.5m
down €6.5m (-55.3%), from €11.7m to €5.2m
- Services and other goods -€3.0m
down €3.0m (-27.1%), from €10.9m to €7.9m
- Staff costs -€1.4m
down €1.4m (-25.6%), from €5.3m to €4.0m
- Taxes -€829,135
down €829,135 (-99.5%), from €833,562 to €4,427
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
€26.5m
Turnover
-€6.5m
Other operating income
-€336,356
Goods and materials
+€161,852
Services and other goods
+€3.0m
Staff costs
+€1.4m
Write-downs
+€221,135
Provisions
+€25,115
Other operating charges
-€26
Other operating items
+€1.3m
Financial income
-€29.9m
Financial charges
+€74,553
Taxes
+€829,135
Result 2025
-€3.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,298,103 | €209,721,634 | -€576,468 | -0.3% |
| Fixed assets | 21/28 | €142,795,909 | €142,400,586 | -€395,323 | -0.3% |
| Financial fixed assets | 28 | €142,795,909 | €142,400,586 | -€395,323 | -0.3% |
| Affiliated companies | 280/1 | €142,795,909 | €142,400,586 | -€395,323 | -0.3% |
| Participating interests | 280 | €140,630,909 | €140,454,798 | -€176,111 | -0.1% |
| Amounts receivable | 281 | €2,165,000 | €1,945,787 | -€219,213 | -10.1% |
| Current assets | 29/58 | €67,502,194 | €67,321,049 | -€181,145 | -0.3% |
| Amounts receivable after more than one year | 29 | €28,049,962 | €31,926,954 | +€3.9m | +13.8% |
| Other amounts receivable | 291 | €28,049,962 | €31,926,954 | +€3.9m | +13.8% |
| Amounts receivable within one year | 40/41 | €39,452,232 | €35,394,094 | -€4.1m | -10.3% |
| Trade receivables | 40 | €3,568,403 | €1,772,271 | -€1.8m | -50.3% |
| Other amounts receivable | 41 | €35,883,829 | €33,621,824 | -€2.3m | -6.3% |
| Total equity and liabilities | 10/49 | €210,298,103 | €209,721,634 | -€576,468 | -0.3% |
| Equity | 10/15 | €178,099,377 | €174,872,726 | -€3.2m | -1.8% |
| Contributions | 10/11 | €119,875,000 | €119,875,000 | = | 0.0% |
| Capital | 10 | €119,875,000 | €119,875,000 | = | 0.0% |
| Issued capital | 100 | €120,000,000 | €120,000,000 | = | 0.0% |
| Uncalled capital | 101 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €3,098,128 | €3,098,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,098,128 | €3,098,128 | = | 0.0% |
| Legal reserve | 130 | €3,098,128 | €3,098,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,126,249 | €51,899,597 | -€3.2m | -5.9% |
| Provisions and deferred taxes | 16 | €116,106 | €113,106 | -€3,000 | -2.6% |
| Provisions for liabilities and charges | 160/5 | €116,106 | €113,106 | -€3,000 | -2.6% |
| Pensions and similar obligations | 160 | €116,106 | €113,106 | -€3,000 | -2.6% |
| Amounts payable | 17/49 | €32,082,619 | €34,735,803 | +€2.7m | +8.3% |
| Amounts payable after more than one year | 17 | €26,137,166 | €30,211,220 | +€4.1m | +15.6% |
| Financial debts | 170/4 | €26,137,166 | €30,211,220 | +€4.1m | +15.6% |
| Other loans | 174 | €26,137,166 | €30,211,220 | +€4.1m | +15.6% |
| Amounts payable within one year | 42/48 | €5,945,454 | €4,524,583 | -€1.4m | -23.9% |
| Trade debts | 44 | €4,849,096 | €3,662,429 | -€1.2m | -24.5% |
| Suppliers | 440/4 | €4,849,096 | €3,662,429 | -€1.2m | -24.5% |
| Taxes, remuneration and social security | 45 | €1,094,017 | €862,154 | -€231,862 | -21.2% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,094,017 | €862,154 | -€231,862 | -21.2% |
| Other amounts payable | 47/48 | €2,341 | - | -€2,341 | |
| Operating income | 70/76A | €12,618,379 | €6,721,616 | -€5.9m | -46.7% |
| Turnover | 70 | €11,722,339 | €5,235,409 | -€6.5m | -55.3% |
| Own construction capitalised | 72 | €245,708 | - | -€245,708 | |
| Other operating income | 74 | €650,331 | €313,975 | -€336,356 | -51.7% |
| Non-recurring operating income | 76A | - | €1,172,232 | +€1.2m | |
| Operating charges | 60/66A | €17,815,653 | €12,685,033 | -€5.1m | -28.8% |
| Goods for resale, raw materials and consumables | 60 | €948,473 | €786,621 | -€161,852 | -17.1% |
| Purchases | 600/8 | €948,473 | €786,621 | -€161,852 | -17.1% |
| Services and other goods | 61 | €10,895,906 | €7,943,361 | -€3.0m | -27.1% |
| Remuneration, social security and pensions | 62 | €5,318,048 | €3,957,908 | -€1.4m | -25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €221,135 | - | -€221,135 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,115 | -€3,000 | -€25,115 | |
| Other operating charges | 640/8 | €118 | €144 | +€26 | +22.1% |
| Non-recurring operating charges | 66A | €409,858 | - | -€409,858 | |
| Operating profit (loss) | 9901 | -€5,197,274 | -€5,963,417 | -€766,143 | -14.7% |
| Financial income | 75/76B | €34,359,151 | €4,455,776 | -€29.9m | -87.0% |
| Recurring financial income | 75 | €32,637,310 | €4,455,776 | -€28.2m | -86.3% |
| Income from financial fixed assets | 750 | €29,325,000 | €960,000 | -€28.4m | -96.7% |
| Income from current assets | 751 | €2,864,011 | €3,437,602 | +€573,591 | +20.0% |
| Other financial income | 752/9 | €448,299 | €58,175 | -€390,125 | -87.0% |
| Non-recurring financial income | 76B | €1,721,841 | - | -€1.7m | |
| Financial charges | 65/66B | €1,789,136 | €1,714,583 | -€74,553 | -4.2% |
| Recurring financial charges | 65 | €1,789,136 | €1,714,583 | -€74,553 | -4.2% |
| Debt charges | 650 | €1,525,759 | €1,475,439 | -€50,320 | -3.3% |
| Other financial charges | 652/9 | €263,377 | €239,144 | -€24,233 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €27,372,741 | -€3,222,224 | -€30.6m | |
| Income taxes | 67/77 | €833,562 | €4,427 | -€829,135 | -99.5% |
| Taxes | 670/3 | €833,562 | €4,427 | -€829,135 | -99.5% |
| Profit (loss) for the period | 9904 | €26,539,179 | -€3,226,651 | -€29.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €26,539,179 | -€3,226,651 | -€29.8m |
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 19 October 2026 via checked.be.