DEMEER PROJECTS: 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.
DEMEER PROJECTS
Largest movements
- Receivables within one year +€30,251
up €30,251 (+52.9%), from €57,147 to €87,398
of which Trade receivables: +€22,523
- Cash +€6,161
up €6,161 (+160.5%), from €3,839 to €10,000
mainly Net result for the year (+€31,141) and Short-term financial debts (+€5,146)
- Tangible fixed assets -€2,286
down €2,286 (-28.1%), from €8,128 to €5,842
of which Furniture and vehicles: -€2,250
- Reserves +€30,282
up €30,282 (+70.0%), from €43,268 to €73,550
- Short-term financial debts +€5,146
new in 2025: €5,146
- Gross operating margin -€16,423
down €16,423 (-28.4%), from €57,776 to €41,353
- Taxes -€3,186
down €3,186 (-27.7%), from €11,485 to €8,299
- Financial income +€1,136
up €1,136 (+44.0%), from €2,584 to €3,719
- Depreciation +€678
up €678 (+17.4%), from €3,896 to €4,574
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 | €70,876 | €105,029 | +€34,152 | +48.2% |
| Fixed assets | 21/28 | €8,128 | €5,842 | -€2,286 | -28.1% |
| Tangible fixed assets | 22/27 | €8,128 | €5,842 | -€2,286 | -28.1% |
| Plant, machinery and equipment | 23 | €4,190 | €4,154 | -€36 | -0.9% |
| Furniture and vehicles | 24 | €3,938 | €1,688 | -€2,250 | -57.1% |
| Current assets | 29/58 | €62,748 | €99,187 | +€36,439 | +58.1% |
| Amounts receivable within one year | 40/41 | €57,147 | €87,398 | +€30,251 | +52.9% |
| Trade receivables | 40 | €12,873 | €35,396 | +€22,523 | +175.0% |
| Other amounts receivable | 41 | €44,274 | €52,002 | +€7,728 | +17.5% |
| Cash at bank and in hand | 54/58 | €3,839 | €10,000 | +€6,161 | +160.5% |
| Deferred charges and accrued income | 490/1 | €1,762 | €1,788 | +€26 | +1.5% |
| Total equity and liabilities | 10/49 | €70,876 | €105,029 | +€34,152 | +48.2% |
| Equity | 10/15 | €48,268 | €78,550 | +€30,282 | +62.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,268 | €73,550 | +€30,282 | +70.0% |
| Distributable reserves | 133 | €43,268 | €73,550 | +€30,282 | +70.0% |
| Amounts payable | 17/49 | €22,609 | €26,479 | +€3,871 | +17.1% |
| Amounts payable within one year | 42/48 | €22,545 | €26,413 | +€3,869 | +17.2% |
| Financial debts | 43 | - | €5,146 | +€5,146 | |
| Credit institutions | 430/8 | - | €5,146 | +€5,146 | |
| Trade debts | 44 | €7,236 | €6,727 | -€509 | -7.0% |
| Suppliers | 440/4 | €7,236 | €6,727 | -€509 | -7.0% |
| Taxes, remuneration and social security | 45 | €14,476 | €13,681 | -€795 | -5.5% |
| Taxes | 450/3 | €11,916 | €11,087 | -€829 | -7.0% |
| Remuneration and social security | 454/9 | €2,560 | €2,594 | +€34 | +1.3% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,896 | €4,574 | +€678 | +17.4% |
| Other operating charges | 640/8 | €858 | €631 | -€228 | -26.5% |
| Gross operating margin | 9900 | €57,776 | €41,353 | -€16,423 | -28.4% |
| Operating profit (loss) | 9901 | €53,022 | €36,149 | -€16,874 | -31.8% |
| Financial income | 75/76B | €2,584 | €3,719 | +€1,136 | +44.0% |
| Recurring financial income | 75 | €2,584 | €3,719 | +€1,136 | +44.0% |
| Financial charges | 65/66B | €20 | €428 | +€408 | +2001.3% |
| Recurring financial charges | 65 | €20 | €428 | +€408 | +2001.3% |
| Profit (loss) for the period before taxes | 9903 | €55,585 | €39,440 | -€16,146 | -29.0% |
| Income taxes | 67/77 | €11,485 | €8,299 | -€3,186 | -27.7% |
| Profit (loss) for the period | 9904 | €44,101 | €31,141 | -€12,960 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,101 | €31,141 | -€12,960 | -29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.