DEMEBO: 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.
DEMEBO
Largest movements
- Tangible fixed assets -€272,862
down €272,862 (-69.8%), from €390,939 to €118,077
of which Land and buildings: -€273,068
- Cash +€235,401
up €235,401 (+466.2%), from €50,498 to €285,899
mainly Investment in fixed assets (net) (+€271,384) and Net result for the year (+€112,034)
- Reserves -€62,247
down €62,247 (-57.3%), from €108,625 to €46,378
of which Distributable reserves: -€62,247
- Tax, wage and social debts +€54,337
up €54,337 (+922.5%), from €5,890 to €60,227
- Other debts -€25,941
down €25,941 (-19.0%), from €136,538 to €110,597
- Gross operating margin +€136,041
up €136,041 (+324.9%), from €41,867 to €177,908
- Taxes +€32,053
up €32,053 (+544.2%), from €5,890 to €37,943
- Other operating charges +€15,792
up €15,792 (+149.1%), from €10,592 to €26,384
- Depreciation -€12,546
down €12,546 (-89.5%), from €14,024 to €1,477
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 | €479,453 | €445,902 | -€33,551 | -7.0% |
| Fixed assets | 21/28 | €390,964 | €118,102 | -€272,862 | -69.8% |
| Tangible fixed assets | 22/27 | €390,939 | €118,077 | -€272,862 | -69.8% |
| Land and buildings | 22 | €388,813 | €115,745 | -€273,068 | -70.2% |
| Plant, machinery and equipment | 23 | €1,013 | €1,532 | +€519 | +51.2% |
| Furniture and vehicles | 24 | €1,112 | €801 | -€312 | -28.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €88,490 | €327,800 | +€239,311 | +270.4% |
| Amounts receivable within one year | 40/41 | €35,436 | €38,616 | +€3,180 | +9.0% |
| Other amounts receivable | 41 | €35,436 | €38,616 | +€3,180 | +9.0% |
| Cash at bank and in hand | 54/58 | €50,498 | €285,899 | +€235,401 | +466.2% |
| Deferred charges and accrued income | 490/1 | €2,556 | €3,285 | +€729 | +28.5% |
| Total equity and liabilities | 10/49 | €479,453 | €445,902 | -€33,551 | -7.0% |
| Equity | 10/15 | €238,825 | €176,578 | -€62,247 | -26.1% |
| Contributions | 10/11 | €130,200 | €130,200 | = | 0.0% |
| Capital | 10 | €130,200 | €130,200 | = | 0.0% |
| Issued capital | 100 | €130,200 | €130,200 | = | 0.0% |
| Reserves | 13 | €108,625 | €46,378 | -€62,247 | -57.3% |
| Non-distributable reserves | 130/1 | €13,020 | €13,020 | = | 0.0% |
| Legal reserve | 130 | €13,020 | €13,020 | = | 0.0% |
| Distributable reserves | 133 | €95,605 | €33,358 | -€62,247 | -65.1% |
| Amounts payable | 17/49 | €240,628 | €269,324 | +€28,696 | +11.9% |
| Amounts payable after more than one year | 17 | €95,000 | €95,000 | = | 0.0% |
| Financial debts | 170/4 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,428 | €170,824 | +€28,396 | +19.9% |
| Taxes, remuneration and social security | 45 | €5,890 | €60,227 | +€54,337 | +922.5% |
| Taxes | 450/3 | €5,890 | €60,227 | +€54,337 | +922.5% |
| Other amounts payable | 47/48 | €136,538 | €110,597 | -€25,941 | -19.0% |
| Accrued charges and deferred income | 492/3 | €3,200 | €3,500 | +€300 | +9.4% |
| Non-recurring operating income | 76A | - | €127,877 | +€127,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,024 | €1,477 | -€12,546 | -89.5% |
| Other operating charges | 640/8 | €10,592 | €26,384 | +€15,792 | +149.1% |
| Gross operating margin | 9900 | €41,867 | €177,908 | +€136,041 | +324.9% |
| Operating profit (loss) | 9901 | €17,251 | €150,046 | +€132,795 | +769.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +172.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +172.7% |
| Financial charges | 65/66B | €312 | €70 | -€242 | -77.6% |
| Recurring financial charges | 65 | €312 | €70 | -€242 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €16,939 | €149,976 | +€133,038 | +785.4% |
| Income taxes | 67/77 | €5,890 | €37,943 | +€32,053 | +544.2% |
| Profit (loss) for the period | 9904 | €11,049 | €112,034 | +€100,985 | +914.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,049 | €112,034 | +€100,985 | +914.0% |
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 29 September 2026 via checked.be.