DeMeAs: 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.
DeMeAs
Largest movements
- Tangible fixed assets -€35,396
down €35,396 (-6.2%), from €573,916 to €538,521
of which Land and buildings: -€27,304
- Reserves +€56,331
up €56,331 (+13.9%), from €404,618 to €460,950
- Debts after one year -€38,929
down €38,929 (-16.3%), from €239,174 to €200,245
- Trade debts -€36,115
down €36,115 (-89.6%), from €40,289 to €4,174
- Other debts -€12,566
down €12,566 (-35.1%), from €35,764 to €23,198
- Tax, wage and social debts -€12,182
down €12,182 (-48.7%), from €25,005 to €12,823
- Depreciation +€8,457
up €8,457 (+26.7%), from €31,668 to €40,125
- Financial income -€8,145
down €8,145 (-100.0%), from €8,145 to €0
of which Non-recurring financial income: -€8,145
- Taxes -€5,648
down €5,648 (-13.8%), from €40,896 to €35,248
- Gross operating margin -€4,954
down €4,954 (-2.8%), from €177,762 to €172,808
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 | €806,018 | €763,327 | -€42,691 | -5.3% |
| Fixed assets | 21/28 | €573,966 | €538,570 | -€35,396 | -6.2% |
| Tangible fixed assets | 22/27 | €573,916 | €538,521 | -€35,396 | -6.2% |
| Land and buildings | 22 | €526,134 | €498,830 | -€27,304 | -5.2% |
| Plant, machinery and equipment | 23 | €1,288 | €425 | -€863 | -67.0% |
| Furniture and vehicles | 24 | €46,494 | €39,266 | -€7,228 | -15.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €232,052 | €224,757 | -€7,295 | -3.1% |
| Amounts receivable within one year | 40/41 | €34,009 | €35,528 | +€1,519 | +4.5% |
| Trade receivables | 40 | €34,009 | €35,528 | +€1,519 | +4.5% |
| Cash at bank and in hand | 54/58 | €187,079 | €183,192 | -€3,887 | -2.1% |
| Deferred charges and accrued income | 490/1 | €10,964 | €6,037 | -€4,927 | -44.9% |
| Total equity and liabilities | 10/49 | €806,018 | €763,327 | -€42,691 | -5.3% |
| Equity | 10/15 | €423,218 | €479,550 | +€56,331 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €404,618 | €460,950 | +€56,331 | +13.9% |
| Distributable reserves | 133 | €404,618 | €460,950 | +€56,331 | +13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €382,800 | €283,777 | -€99,022 | -25.9% |
| Amounts payable after more than one year | 17 | €239,174 | €200,245 | -€38,929 | -16.3% |
| Financial debts | 170/4 | €239,174 | €200,245 | -€38,929 | -16.3% |
| Amounts payable within one year | 42/48 | €142,796 | €82,702 | -€60,094 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €38,160 | €38,929 | +€769 | +2.0% |
| Financial debts | 43 | €3,578 | €3,578 | -€0 | 0.0% |
| Credit institutions | 430/8 | €3,578 | €3,578 | -€0 | 0.0% |
| Trade debts | 44 | €40,289 | €4,174 | -€36,115 | -89.6% |
| Suppliers | 440/4 | €40,289 | €4,174 | -€36,115 | -89.6% |
| Taxes, remuneration and social security | 45 | €25,005 | €12,823 | -€12,182 | -48.7% |
| Taxes | 450/3 | €25,005 | €12,823 | -€12,182 | -48.7% |
| Other amounts payable | 47/48 | €35,764 | €23,198 | -€12,566 | -35.1% |
| Accrued charges and deferred income | 492/3 | €830 | €830 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,668 | €40,125 | +€8,457 | +26.7% |
| Other operating charges | 640/8 | €3,707 | €3,607 | -€100 | -2.7% |
| Non-recurring operating charges | 66A | €636 | €0 | -€636 | -100.0% |
| Gross operating margin | 9900 | €177,762 | €172,808 | -€4,954 | -2.8% |
| Operating profit (loss) | 9901 | €141,751 | €129,076 | -€12,675 | -8.9% |
| Financial income | 75/76B | €8,145 | €0 | -€8,145 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €8,145 | €0 | -€8,145 | -100.0% |
| Financial charges | 65/66B | €6,711 | €5,917 | -€794 | -11.8% |
| Recurring financial charges | 65 | €6,711 | €5,917 | -€794 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €143,184 | €123,159 | -€20,026 | -14.0% |
| Income taxes | 67/77 | €40,896 | €35,248 | -€5,648 | -13.8% |
| Profit (loss) for the period | 9904 | €102,288 | €87,910 | -€14,378 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,288 | €87,910 | -€14,378 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.