DEMEAR: 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.
DEMEAR
Largest movements
- Cash +€28,858
up €28,858 (+39.8%), from €72,546 to €101,404
mainly Stocks and contracts (+€22,549) and Receivables within one year (+€10,585)
- Stocks and contracts -€22,549
down €22,549 (-11.9%), from €189,672 to €167,123
- Receivables within one year -€10,585
down €10,585 (-22.8%), from €46,334 to €35,749
of which Other amounts receivable: -€9,640
- Reserves -€9,885
down €9,885 (-5.3%), from €187,108 to €177,223
- Other debts +€6,498
up €6,498 (+6.5%), from €100,737 to €107,235
- Other operating charges -€17,035
down €17,035 (-91.4%), from €18,639 to €1,604
- Gross operating margin +€11,627
up €11,627 (+66.7%), from -€17,441 to -€5,813
- Financial income -€179
down €179 (-99.8%), from €179 to €0
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 | €308,552 | €304,276 | -€4,276 | -1.4% |
| Current assets | 29/58 | €308,552 | €304,276 | -€4,276 | -1.4% |
| Stocks and contracts in progress | 3 | €189,672 | €167,123 | -€22,549 | -11.9% |
| Stocks | 30/36 | €189,672 | €167,123 | -€22,549 | -11.9% |
| Amounts receivable within one year | 40/41 | €46,334 | €35,749 | -€10,585 | -22.8% |
| Trade receivables | 40 | €34,949 | €34,004 | -€945 | -2.7% |
| Other amounts receivable | 41 | €11,385 | €1,745 | -€9,640 | -84.7% |
| Cash at bank and in hand | 54/58 | €72,546 | €101,404 | +€28,858 | +39.8% |
| Total equity and liabilities | 10/49 | €308,552 | €304,276 | -€4,276 | -1.4% |
| Equity | 10/15 | €205,700 | €195,815 | -€9,885 | -4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,108 | €177,223 | -€9,885 | -5.3% |
| Distributable reserves | 133 | €187,108 | €177,223 | -€9,885 | -5.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,853 | €108,461 | +€5,609 | +5.5% |
| Amounts payable within one year | 42/48 | €102,853 | €108,461 | +€5,609 | +5.5% |
| Trade debts | 44 | €1,070 | €1,226 | +€157 | +14.7% |
| Suppliers | 440/4 | €1,070 | €1,226 | +€157 | +14.7% |
| Taxes, remuneration and social security | 45 | €1,046 | €0 | -€1,046 | -100.0% |
| Taxes | 450/3 | €1,046 | €0 | -€1,046 | -100.0% |
| Other amounts payable | 47/48 | €100,737 | €107,235 | +€6,498 | +6.5% |
| Other operating charges | 640/8 | €18,639 | €1,604 | -€17,035 | -91.4% |
| Gross operating margin | 9900 | -€17,441 | -€5,813 | +€11,627 | +66.7% |
| Operating profit (loss) | 9901 | -€36,079 | -€7,417 | +€28,662 | +79.4% |
| Financial income | 75/76B | €179 | €0 | -€179 | -99.8% |
| Recurring financial income | 75 | €179 | €0 | -€179 | -99.8% |
| Financial charges | 65/66B | €587 | €585 | -€2 | -0.4% |
| Recurring financial charges | 65 | €587 | €585 | -€2 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,487 | -€8,002 | +€28,486 | +78.1% |
| Income taxes | 67/77 | €120 | €165 | +€45 | +37.5% |
| Profit (loss) for the period | 9904 | -€36,607 | -€8,167 | +€28,441 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,607 | -€8,167 | +€28,441 | +77.7% |
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 7 October 2026 via checked.be.