DEMECO: 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.
DEMECO
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€37,827
up €37,827 (+46.3%), from €81,690 to €119,517
mainly Current investments (+€100,000) and Depreciation (+€79,377)
- Tangible fixed assets -€32,188
down €32,188 (-2.4%), from €1.3m to €1.3m
of which Land and buildings: -€66,052
- Receivables within one year -€16,421
down €16,421 (-75.8%), from €21,675 to €5,254
of which Trade receivables: -€17,018
- Debts after one year -€75,911
down €75,911 (-11.1%), from €681,513 to €605,602
- Other debts -€33,817
down €33,817 (-6.5%), from €520,702 to €486,885
- Trade debts -€18,847
down €18,847 (-69.8%), from €27,008 to €8,162
- Gross operating margin +€45,703
up €45,703 (+45.2%), from €101,077 to €146,780
- Depreciation +€9,433
up €9,433 (+13.5%), from €69,944 to €79,377
- Financial income -€2,981
down €2,981 (-78.0%), from €3,822 to €841
- Financial charges -€1,611
down €1,611 (-3.7%), from €43,332 to €41,721
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 | €1,549,843 | €1,438,301 | -€111,541 | -7.2% |
| Fixed assets | 21/28 | €1,345,084 | €1,312,895 | -€32,188 | -2.4% |
| Tangible fixed assets | 22/27 | €1,345,084 | €1,312,895 | -€32,188 | -2.4% |
| Land and buildings | 22 | €1,261,907 | €1,195,855 | -€66,052 | -5.2% |
| Plant, machinery and equipment | 23 | €82,113 | €116,405 | +€34,293 | +41.8% |
| Furniture and vehicles | 24 | €1,064 | €635 | -€429 | -40.3% |
| Current assets | 29/58 | €204,759 | €125,406 | -€79,353 | -38.8% |
| Amounts receivable within one year | 40/41 | €21,675 | €5,254 | -€16,421 | -75.8% |
| Trade receivables | 40 | €17,018 | €0 | -€17,018 | -100.0% |
| Other amounts receivable | 41 | €4,657 | €5,254 | +€597 | +12.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €81,690 | €119,517 | +€37,827 | +46.3% |
| Deferred charges and accrued income | 490/1 | €1,394 | €635 | -€759 | -54.5% |
| Total equity and liabilities | 10/49 | €1,549,843 | €1,438,301 | -€111,541 | -7.2% |
| Equity | 10/15 | €217,171 | €224,662 | +€7,491 | +3.4% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,616 | -€271,125 | +€7,491 | +2.7% |
| Amounts payable | 17/49 | €1,332,671 | €1,213,639 | -€119,032 | -8.9% |
| Amounts payable after more than one year | 17 | €681,513 | €605,602 | -€75,911 | -11.1% |
| Financial debts | 170/4 | €681,513 | €605,602 | -€75,911 | -11.1% |
| Amounts payable within one year | 42/48 | €637,094 | €579,801 | -€57,292 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €74,618 | €75,911 | +€1,293 | +1.7% |
| Trade debts | 44 | €27,008 | €8,162 | -€18,847 | -69.8% |
| Suppliers | 440/4 | €27,008 | €8,162 | -€18,847 | -69.8% |
| Taxes, remuneration and social security | 45 | €14,765 | €8,843 | -€5,921 | -40.1% |
| Taxes | 450/3 | €14,765 | €8,843 | -€5,921 | -40.1% |
| Other amounts payable | 47/48 | €520,702 | €486,885 | -€33,817 | -6.5% |
| Accrued charges and deferred income | 492/3 | €14,065 | €28,236 | +€14,171 | +100.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,944 | €79,377 | +€9,433 | +13.5% |
| Other operating charges | 640/8 | €18,588 | €19,032 | +€445 | +2.4% |
| Gross operating margin | 9900 | €101,077 | €146,780 | +€45,703 | +45.2% |
| Operating profit (loss) | 9901 | €12,546 | €48,371 | +€35,825 | +285.6% |
| Financial income | 75/76B | €3,822 | €841 | -€2,981 | -78.0% |
| Recurring financial income | 75 | €3,822 | €841 | -€2,981 | -78.0% |
| Financial charges | 65/66B | €43,332 | €41,721 | -€1,611 | -3.7% |
| Recurring financial charges | 65 | €43,332 | €41,721 | -€1,611 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,964 | €7,491 | +€34,455 | |
| Profit (loss) for the period | 9904 | -€26,964 | €7,491 | +€34,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,964 | €7,491 | +€34,455 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.