DEMEESTER ELS: 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.
DEMEESTER ELS
Largest movements
- Tangible fixed assets -€23,500
down €23,500 (-23.2%), from €101,229 to €77,729
of which Furniture and vehicles: -€15,555
- Cash +€21,519
up €21,519 (+8.1%), from €266,399 to €287,918
mainly Depreciation (+€26,070) and Net result for the year (+€16,911)
- Other debts -€15,101
down €15,101 (-7.6%), from €199,470 to €184,369
- Reserves +€14,316
up €14,316 (+8.6%), from €166,292 to €180,608
- Current portion of long-term debt -€7,089
no longer reported in 2025 (was €7,089)
- Tax, wage and social debts +€4,307
up €4,307 (+172%), from €2,500 to €6,807
- Gross operating margin -€21,994
down €21,994 (-28.6%), from €76,806 to €54,812
- Turnover -€18,730
down €18,730 (-12.0%), from €155,966 to €137,236
- Financial charges +€13,816
up €13,816 (+1,091%), from €1,266 to €15,082
- Depreciation -€6,089
down €6,089 (-18.9%), from €32,159 to €26,070
- Purchases and services +€5,696
up €5,696 (+6.6%), from €86,737 to €92,433
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.
Derived cash bridge
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 | €383,784 | €382,595 | -€1,189 | -0.3% |
| Fixed assets | 21/28 | €101,229 | €77,729 | -€23,500 | -23.2% |
| Tangible fixed assets | 22/27 | €101,229 | €77,729 | -€23,500 | -23.2% |
| Land and buildings | 22 | €24,870 | €21,721 | -€3,149 | -12.7% |
| Plant, machinery and equipment | 23 | €31,122 | €26,326 | -€4,796 | -15.4% |
| Furniture and vehicles | 24 | €45,237 | €29,681 | -€15,555 | -34.4% |
| Current assets | 29/58 | €282,555 | €304,867 | +€22,311 | +7.9% |
| Amounts receivable within one year | 40/41 | €12,858 | €13,450 | +€592 | +4.6% |
| Other amounts receivable | 41 | €12,858 | €13,450 | +€592 | +4.6% |
| Cash at bank and in hand | 54/58 | €266,399 | €287,918 | +€21,519 | +8.1% |
| Deferred charges and accrued income | 490/1 | €3,298 | €3,498 | +€200 | +6.1% |
| Total equity and liabilities | 10/49 | €383,784 | €382,595 | -€1,189 | -0.3% |
| Equity | 10/15 | €174,725 | €190,803 | +€16,078 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,292 | €180,608 | +€14,316 | +8.6% |
| Distributable reserves | 133 | €166,292 | €180,608 | +€14,316 | +8.6% |
| Profit (loss) carried forward | 14 | -€3,968 | -€2,205 | +€1,762 | +44.4% |
| Amounts payable | 17/49 | €209,059 | €191,793 | -€17,267 | -8.3% |
| Amounts payable within one year | 42/48 | €209,059 | €191,793 | -€17,267 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €7,089 | - | -€7,089 | |
| Trade debts | 44 | - | €616 | +€616 | |
| Suppliers | 440/4 | - | €616 | +€616 | |
| Taxes, remuneration and social security | 45 | €2,500 | €6,807 | +€4,307 | +172% |
| Taxes | 450/3 | €2,500 | €6,807 | +€4,307 | +172% |
| Other amounts payable | 47/48 | €199,470 | €184,369 | -€15,101 | -7.6% |
| Turnover | 70 | €155,966 | €137,236 | -€18,730 | -12.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €86,737 | €92,433 | +€5,696 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,159 | €26,070 | -€6,089 | -18.9% |
| Other operating charges | 640/8 | €3,115 | €1,973 | -€1,143 | -36.7% |
| Gross operating margin | 9900 | €76,806 | €54,812 | -€21,994 | -28.6% |
| Operating profit (loss) | 9901 | €41,531 | €26,769 | -€14,762 | -35.5% |
| Financial income | 75/76B | €4,817 | €6,821 | +€2,004 | +41.6% |
| Recurring financial income | 75 | €4,817 | €6,821 | +€2,004 | +41.6% |
| Financial charges | 65/66B | €1,266 | €15,082 | +€13,816 | +1,091% |
| Recurring financial charges | 65 | €1,266 | €15,082 | +€13,816 | +1,091% |
| Profit (loss) for the period before taxes | 9903 | €45,082 | €18,507 | -€26,574 | -58.9% |
| Income taxes | 67/77 | €1,087 | €1,597 | +€509 | +46.8% |
| Profit (loss) for the period | 9904 | €43,995 | €16,911 | -€27,084 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,995 | €16,911 | -€27,084 | -61.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.