DEME GROUP: 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 GROUP
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€120.7m
2024 · €101.7m+€19.0m
Equity
€1.11bn
2024 · €1.10bn+€7.2m
Cash
€1,801
2024 · €11,248-€9,447
Balance sheet total
€1.23bn
2024 · €1.20bn+€26.6m
Largest movements
Assets
- Receivables within one year +€20.8m
up €20.8m (+21.8%), from €95.3m to €116.1m
of which Other amounts receivable: +€20.8m
Equity and liabilities
- Other debts +€17.5m
up €17.5m (+18.2%), from €96.0m to €113.5m
Income statement
- Financial income +€17.9m
up €17.9m (+17.5%), from €102.4m to €120.3m
- Turnover +€4.4m
up €4.4m (+59.8%), from €7.3m to €11.6m
- Staff costs +€2.5m
up €2.5m (+51.3%), from €4.9m to €7.4m
- Services and other goods +€2.2m
up €2.2m (+125.3%), from €1.8m to €4.0m
- Financial charges -€1.3m
down €1.3m, from €1.0m to -€301,773
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
€101.7m
Turnover
+€4.4m
Other operating income
+€15,911
Services and other goods
-€2.2m
Staff costs
-€2.5m
Provisions
+€6,283
Other operating charges
-€4,622
Financial income
+€17.9m
Financial charges
+€1.3m
Taxes
+€177,949
Result 2025
€120.7m
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.
From operations
+€119.4m
Investment
-€5.9m
Financing
-€113.5m
Cash 2024
€11,248
From operations (derived)
+€119.4m
Net result for the year
+€120.7m
Receivables within one year
-€20.8m
Smaller working-capital items
+€123,006
Trade debts
+€1.9m
Other debts
+€17.5m
Investment (derived)
-€5.9m
Investment in fixed assets (net)
-€200,000
Current investments
-€5.7m
Financing
-€113.5m
Contributions, distributions and other
-€113.5m
Cash 2025
€1,801
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,201,978,010 | €1,228,588,250 | +€26.6m | +2.2% |
| Fixed assets | 21/28 | €1,100,000,000 | €1,100,200,000 | +€200,000 | 0.0% |
| Financial fixed assets | 28 | €1,100,000,000 | €1,100,200,000 | +€200,000 | 0.0% |
| Affiliated companies | 280/1 | €1,100,000,000 | €1,100,000,000 | = | 0.0% |
| Participating interests | 280 | €1,100,000,000 | €1,100,000,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €200,000 | +€200,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €101,978,010 | €128,388,250 | +€26.4m | +25.9% |
| Amounts receivable within one year | 40/41 | €95,291,636 | €116,110,970 | +€20.8m | +21.8% |
| Trade receivables | 40 | €944 | - | -€944 | |
| Other amounts receivable | 41 | €95,290,692 | €116,110,970 | +€20.8m | +21.8% |
| Current investments | 50/53 | €6,201,000 | €11,883,000 | +€5.7m | +91.6% |
| Own shares | 50 | €6,201,000 | €11,883,000 | +€5.7m | +91.6% |
| Cash at bank and in hand | 54/58 | €11,248 | €1,801 | -€9,447 | -84.0% |
| Deferred charges and accrued income | 490/1 | €474,126 | €392,479 | -€81,647 | -17.2% |
| Total equity and liabilities | 10/49 | €1,201,978,010 | €1,228,588,250 | +€26.6m | +2.2% |
| Equity | 10/15 | €1,104,032,605 | €1,111,222,069 | +€7.2m | +0.7% |
| Contributions | 10/11 | €509,183,114 | €509,183,114 | = | 0.0% |
| Capital | 10 | €33,193,861 | €33,193,861 | = | 0.0% |
| Issued capital | 100 | €33,193,861 | €33,193,861 | = | 0.0% |
| Contributions outside capital | 11 | €475,989,253 | €475,989,253 | = | 0.0% |
| Share premium | 1100/10 | €475,989,253 | €475,989,253 | = | 0.0% |
| Revaluation surpluses | 12 | €487,399,672 | €487,399,672 | = | 0.0% |
| Reserves | 13 | €12,140,991 | €17,822,991 | +€5.7m | +46.8% |
| Non-distributable reserves | 130/1 | €9,520,386 | €15,202,386 | +€5.7m | +59.7% |
| Legal reserve | 130 | €3,319,386 | €3,319,386 | = | 0.0% |
| Own shares acquired | 1312 | €6,201,000 | €11,883,000 | +€5.7m | +91.6% |
| Tax-exempt reserves | 132 | €1,716,220 | €1,716,220 | = | 0.0% |
| Distributable reserves | 133 | €904,385 | €904,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,308,828 | €96,816,292 | +€1.5m | +1.6% |
| Provisions and deferred taxes | 16 | €3,141 | - | -€3,141 | |
| Provisions for liabilities and charges | 160/5 | €3,141 | - | -€3,141 | |
| Pensions and similar obligations | 160 | €3,141 | - | -€3,141 | |
| Amounts payable | 17/49 | €97,942,264 | €117,366,181 | +€19.4m | +19.8% |
| Amounts payable within one year | 42/48 | €97,942,264 | €117,366,181 | +€19.4m | +19.8% |
| Trade debts | 44 | €1,873,163 | €3,741,017 | +€1.9m | +99.7% |
| Suppliers | 440/4 | €1,873,163 | €3,741,017 | +€1.9m | +99.7% |
| Taxes, remuneration and social security | 45 | €41,352 | €85,852 | +€44,500 | +107.6% |
| Taxes | 450/3 | €41,352 | €85,852 | +€44,500 | +107.6% |
| Other amounts payable | 47/48 | €96,027,749 | €113,539,312 | +€17.5m | +18.2% |
| Operating income | 70/76A | €7,373,544 | €11,744,402 | +€4.4m | +59.3% |
| Turnover | 70 | €7,283,507 | €11,638,454 | +€4.4m | +59.8% |
| Other operating income | 74 | €90,037 | €105,948 | +€15,911 | +17.7% |
| Operating charges | 60/66A | €6,698,078 | €11,445,049 | +€4.7m | +70.9% |
| Services and other goods | 61 | €1,780,006 | €4,011,149 | +€2.2m | +125.3% |
| Remuneration, social security and pensions | 62 | €4,907,675 | €7,425,163 | +€2.5m | +51.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,141 | -€3,141 | -€6,283 | |
| Other operating charges | 640/8 | €7,257 | €11,878 | +€4,622 | +63.7% |
| Operating profit (loss) | 9901 | €675,466 | €299,353 | -€376,113 | -55.7% |
| Financial income | 75/76B | €102,395,184 | €120,271,495 | +€17.9m | +17.5% |
| Recurring financial income | 75 | €102,395,184 | €120,271,495 | +€17.9m | +17.5% |
| Income from financial fixed assets | 750 | €101,500,000 | €119,000,000 | +€17.5m | +17.2% |
| Income from current assets | 751 | €895,184 | €1,128,124 | +€232,940 | +26.0% |
| Other financial income | 752/9 | - | €143,371 | +€143,371 | |
| Financial charges | 65/66B | €1,039,197 | -€301,773 | -€1.3m | |
| Recurring financial charges | 65 | €1,039,197 | -€301,773 | -€1.3m | |
| Debt charges | 650 | €22,735 | €8,437 | -€14,298 | -62.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,010,013 | -€336,263 | -€1.3m | |
| Other financial charges | 652/9 | €6,448 | €26,053 | +€19,605 | +304.0% |
| Profit (loss) for the period before taxes | 9903 | €102,031,453 | €120,872,620 | +€18.8m | +18.5% |
| Income taxes | 67/77 | €361,352 | €183,403 | -€177,949 | -49.2% |
| Taxes | 670/3 | €361,352 | €183,403 | -€177,949 | -49.2% |
| Profit (loss) for the period | 9904 | €101,670,101 | €120,689,217 | +€19.0m | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €101,670,101 | €120,689,217 | +€19.0m | +18.7% |
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 11 October 2026 via checked.be.