DEMECOPLAF: 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.
What changed
DEMECOPLAF
NACE 43.350, Other building finishing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€558,232
2024 · €726,106-€167,874
Equity
€3.8m
2024 · €3.2m+€558,232
Cash
€1.5m
2024 · €1.6m-€61,496
Balance sheet total
€4.5m
2024 · €4.2m+€247,257
Largest movements
Assets
- Receivables within one year +€306,540
up €306,540 (+18.1%), from €1.7m to €2.0m
of which Trade receivables: +€217,297
- Cash -€61,496
down €61,496 (-4.0%), from €1.6m to €1.5m
mainly Receivables within one year (-€306,540) and Other debts (-€245,958)
Equity and liabilities
- Reserves +€558,232
up €558,232 (+17.5%), from €3.2m to €3.7m
of which Distributable reserves: +€558,232
- Other debts -€245,958
down €245,958 (-98.7%), from €249,190 to €3,232
- Debts after one year -€89,822
down €89,822 (-61.9%), from €145,149 to €55,327
- Trade debts +€82,302
up €82,302 (+17.9%), from €459,747 to €542,049
Income statement
- Gross operating margin -€217,172
down €217,172 (-11.7%), from €1.9m to €1.6m
- Taxes -€54,959
down €54,959 (-17.9%), from €306,840 to €251,881
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.
Result 2024
€726,106
Gross operating margin
-€217,172
Staff costs
-€6,760
Depreciation
-€9,164
Other operating charges
+€52
Other operating items
-€71
Financial income
+€8,352
Financial charges
+€1,930
Taxes
+€54,959
Result 2025
€558,232
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.
From operations
+€171,680
Investment
-€129,149
Financing
-€104,027
Cash 2024
€1.6m
From operations (derived)
+€171,680
Net result for the year
+€558,232
Depreciation
+€135,430
Stocks and contracts
-€6,144
Receivables within one year
-€306,540
Deferred charges and accrued income
-€2,349
Trade debts
+€82,302
Tax, wage and social debts
-€43,292
Other debts
-€245,958
Investment (derived)
-€129,149
Investment in fixed assets (net)
-€99,149
Current investments
-€30,000
Financing
-€104,027
Debts after one year
-€89,822
Current portion of long-term debt
-€14,205
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,242,557 | €4,489,814 | +€247,257 | +5.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €405,941 | €369,661 | -€36,281 | -8.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €401,210 | €364,929 | -€36,281 | -9.0% |
| Land and buildings | 22 | €1,323 | €1,323 | = | 0.0% |
| Plant, machinery and equipment | 23 | €83,110 | €68,843 | -€14,268 | -17.2% |
| Furniture and vehicles | 24 | €310,428 | €290,106 | -€20,322 | -6.5% |
| Other tangible fixed assets | 26 | €6,349 | €4,657 | -€1,692 | -26.6% |
| Financial fixed assets | 28 | €4,732 | €4,732 | = | 0.0% |
| Current assets | 29/58 | €3,836,616 | €4,120,153 | +€283,538 | +7.4% |
| Stocks and contracts in progress | 3 | €32,228 | €38,372 | +€6,144 | +19.1% |
| Stocks | 30/36 | €32,228 | €38,372 | +€6,144 | +19.1% |
| Amounts receivable within one year | 40/41 | €1,694,362 | €2,000,902 | +€306,540 | +18.1% |
| Trade receivables | 40 | €1,531,766 | €1,749,063 | +€217,297 | +14.2% |
| Other amounts receivable | 41 | €162,596 | €251,839 | +€89,243 | +54.9% |
| Current investments | 50/53 | €515,001 | €545,001 | +€30,000 | +5.8% |
| Cash at bank and in hand | 54/58 | €1,555,719 | €1,494,223 | -€61,496 | -4.0% |
| Deferred charges and accrued income | 490/1 | €39,305 | €41,654 | +€2,349 | +6.0% |
| Total equity and liabilities | 10/49 | €4,242,557 | €4,489,814 | +€247,257 | +5.8% |
| Equity | 10/15 | €3,204,222 | €3,762,454 | +€558,232 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,185,622 | €3,743,854 | +€558,232 | +17.5% |
| Tax-exempt reserves | 132 | €23,902 | €23,902 | = | 0.0% |
| Distributable reserves | 133 | €3,161,720 | €3,719,952 | +€558,232 | +17.7% |
| Amounts payable | 17/49 | €1,038,335 | €727,360 | -€310,975 | -29.9% |
| Amounts payable after more than one year | 17 | €145,149 | €55,327 | -€89,822 | -61.9% |
| Financial debts | 170/4 | €145,149 | €55,327 | -€89,822 | -61.9% |
| Amounts payable within one year | 42/48 | €893,186 | €672,033 | -€221,152 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €104,027 | €89,822 | -€14,205 | -13.7% |
| Trade debts | 44 | €459,747 | €542,049 | +€82,302 | +17.9% |
| Suppliers | 440/4 | €459,747 | €542,049 | +€82,302 | +17.9% |
| Taxes, remuneration and social security | 45 | €80,222 | €36,931 | -€43,292 | -54.0% |
| Taxes | 450/3 | €52,500 | €1,164 | -€51,336 | -97.8% |
| Remuneration and social security | 454/9 | €27,722 | €35,767 | +€8,045 | +29.0% |
| Other amounts payable | 47/48 | €249,190 | €3,232 | -€245,958 | -98.7% |
| Non-recurring operating income | 76A | €8,340 | €22,704 | +€14,364 | +172.2% |
| Remuneration, social security and pensions | 62 | €645,334 | €652,094 | +€6,760 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,266 | €135,430 | +€9,164 | +7.3% |
| Other operating charges | 640/8 | €5,325 | €5,274 | -€52 | -1.0% |
| Non-recurring operating charges | 66A | - | €71 | +€71 | |
| Gross operating margin | 9900 | €1,855,447 | €1,638,275 | -€217,172 | -11.7% |
| Operating profit (loss) | 9901 | €1,078,522 | €845,407 | -€233,116 | -21.6% |
| Financial income | 75/76B | €79,055 | €87,407 | +€8,352 | +10.6% |
| Recurring financial income | 75 | €79,055 | €87,407 | +€8,352 | +10.6% |
| Financial charges | 65/66B | €124,631 | €122,701 | -€1,930 | -1.5% |
| Recurring financial charges | 65 | €124,631 | €122,701 | -€1,930 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,032,946 | €810,113 | -€222,833 | -21.6% |
| Income taxes | 67/77 | €306,840 | €251,881 | -€54,959 | -17.9% |
| Profit (loss) for the period | 9904 | €726,106 | €558,232 | -€167,874 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €726,106 | €558,232 | -€167,874 | -23.1% |
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 5 October 2026 via checked.be.