DEMECON: 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.
DEMECON
Largest movements
- Tangible fixed assets -€16,297
down €16,297 (-5.1%), from €321,641 to €305,344
of which Land and buildings: -€14,899
- Cash -€4,882
down €4,882 (-28.0%), from €17,422 to €12,539
mainly Debts after one year (-€23,007) and Net result for the year (-€1,947)
- Debts after one year -€23,007
down €23,007 (-32.5%), from €70,738 to €47,732
of which Financial debts: -€23,007
- Gross operating margin -€2,924
down €2,924 (-10.7%), from €27,250 to €24,327
- Financial charges -€1,101
down €1,101 (-20.4%), from €5,390 to €4,289
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 | €345,600 | €325,694 | -€19,906 | -5.8% |
| Fixed assets | 21/28 | €323,770 | €306,541 | -€17,229 | -5.3% |
| Intangible fixed assets | 21 | €2,129 | €1,197 | -€932 | -43.8% |
| Tangible fixed assets | 22/27 | €321,641 | €305,344 | -€16,297 | -5.1% |
| Land and buildings | 22 | €313,197 | €298,297 | -€14,899 | -4.8% |
| Furniture and vehicles | 24 | €916 | €663 | -€254 | -27.7% |
| Other tangible fixed assets | 26 | €7,528 | €6,384 | -€1,144 | -15.2% |
| Current assets | 29/58 | €21,829 | €19,152 | -€2,677 | -12.3% |
| Amounts receivable within one year | 40/41 | €2,619 | €3,091 | +€472 | +18.0% |
| Trade receivables | 40 | - | €2,396 | +€2,396 | |
| Other amounts receivable | 41 | €2,619 | €695 | -€1,924 | -73.5% |
| Cash at bank and in hand | 54/58 | €17,422 | €12,539 | -€4,882 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,789 | €3,522 | +€1,733 | +96.9% |
| Total equity and liabilities | 10/49 | €345,600 | €325,694 | -€19,906 | -5.8% |
| Equity | 10/15 | €94,102 | €92,155 | -€1,947 | -2.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €73,102 | €71,155 | -€1,947 | -2.7% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €71,002 | €69,055 | -€1,947 | -2.7% |
| Amounts payable | 17/49 | €251,498 | €233,539 | -€17,959 | -7.1% |
| Amounts payable after more than one year | 17 | €70,738 | €47,732 | -€23,007 | -32.5% |
| Financial debts | 170/4 | €68,388 | €45,382 | -€23,007 | -33.6% |
| Other amounts payable | 178/9 | €2,350 | €2,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,932 | €185,543 | +€6,612 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €21,852 | €23,007 | +€1,155 | +5.3% |
| Trade debts | 44 | €567 | €3,970 | +€3,403 | +599.7% |
| Suppliers | 440/4 | €567 | €3,970 | +€3,403 | +599.7% |
| Taxes, remuneration and social security | 45 | €638 | €1,203 | +€564 | +88.4% |
| Taxes | 450/3 | €638 | €1,203 | +€564 | +88.4% |
| Other amounts payable | 47/48 | €155,874 | €157,364 | +€1,490 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,828 | €263 | -€1,564 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,383 | €17,229 | -€154 | -0.9% |
| Other operating charges | 640/8 | €4,139 | €4,390 | +€251 | +6.1% |
| Gross operating margin | 9900 | €27,250 | €24,327 | -€2,924 | -10.7% |
| Operating profit (loss) | 9901 | €5,729 | €2,708 | -€3,021 | -52.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,390 | €4,289 | -€1,101 | -20.4% |
| Recurring financial charges | 65 | €5,390 | €4,289 | -€1,101 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €339 | -€1,581 | -€1,920 | |
| Income taxes | 67/77 | €455 | €366 | -€88 | -19.4% |
| Profit (loss) for the period | 9904 | -€116 | -€1,947 | -€1,831 | -1581.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€116 | -€1,947 | -€1,831 | -1581.6% |
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 4 October 2026 via checked.be.