DEMEETER: 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.
DEMEETER
Largest movements
- Cash -€39,770
down €39,770 (-54.7%), from €72,702 to €32,933
mainly Debts after one year (-€38,098) and Contributions, distributions and other (-€30,607)
- Tangible fixed assets -€15,989
down €15,989 (-4.0%), from €404,533 to €388,543
of which Land and buildings: -€27,293
- Receivables within one year +€10,301
up €10,301 (+124.9%), from €8,250 to €18,551
of which Trade receivables: +€9,685
- Profit (loss) carried forward -€53,355
down €53,355 (-100.0%), from €53,355 to €0
- Reserves +€39,544
up €39,544 (+59.4%), from €66,521 to €106,065
of which Distributable reserves: +€39,544
- Debts after one year -€38,098
down €38,098 (-15.1%), from €251,797 to €213,698
- Other debts +€29,709
up €29,709 (+955.0%), from €3,111 to €32,820
- Tax, wage and social debts -€29,524
down €29,524 (-82.4%), from €35,834 to €6,311
- Gross operating margin +€11,415
up €11,415 (+20.6%), from €55,483 to €66,898
- Taxes +€8,973
up €8,973 (+459.8%), from €1,951 to €10,924
- Other operating charges -€5,323
down €5,323 (-56.4%), from €9,439 to €4,116
- Financial charges -€5,136
down €5,136 (-41.0%), from €12,514 to €7,378
- Depreciation -€1,140
down €1,140 (-4.0%), from €28,824 to €27,684
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 | €513,019 | €469,718 | -€43,302 | -8.4% |
| Fixed assets | 21/28 | €404,533 | €388,543 | -€15,989 | -4.0% |
| Tangible fixed assets | 22/27 | €404,533 | €388,543 | -€15,989 | -4.0% |
| Land and buildings | 22 | €404,419 | €377,126 | -€27,293 | -6.7% |
| Plant, machinery and equipment | 23 | €114 | €1,847 | +€1,733 | +1517.7% |
| Furniture and vehicles | 24 | - | €9,570 | +€9,570 | |
| Current assets | 29/58 | €108,487 | €81,174 | -€27,312 | -25.2% |
| Amounts receivable within one year | 40/41 | €8,250 | €18,551 | +€10,301 | +124.9% |
| Trade receivables | 40 | €7,981 | €17,666 | +€9,685 | +121.4% |
| Other amounts receivable | 41 | €270 | €885 | +€616 | +228.3% |
| Cash at bank and in hand | 54/58 | €72,702 | €32,933 | -€39,770 | -54.7% |
| Deferred charges and accrued income | 490/1 | €27,534 | €29,690 | +€2,156 | +7.8% |
| Total equity and liabilities | 10/49 | €513,019 | €469,718 | -€43,302 | -8.4% |
| Equity | 10/15 | €169,876 | €156,065 | -€13,811 | -8.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €66,521 | €106,065 | +€39,544 | +59.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €66,521 | €106,065 | +€39,544 | +59.4% |
| Profit (loss) carried forward | 14 | €53,355 | €0 | -€53,355 | -100.0% |
| Amounts payable | 17/49 | €343,143 | €313,653 | -€29,491 | -8.6% |
| Amounts payable after more than one year | 17 | €251,797 | €213,698 | -€38,098 | -15.1% |
| Financial debts | 170/4 | €251,797 | €213,698 | -€38,098 | -15.1% |
| Amounts payable within one year | 42/48 | €88,088 | €96,698 | +€8,610 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €37,066 | €38,098 | +€1,032 | +2.8% |
| Trade debts | 44 | €12,077 | €19,470 | +€7,393 | +61.2% |
| Suppliers | 440/4 | €12,077 | €19,470 | +€7,393 | +61.2% |
| Taxes, remuneration and social security | 45 | €35,834 | €6,311 | -€29,524 | -82.4% |
| Taxes | 450/3 | €35,834 | €6,311 | -€29,524 | -82.4% |
| Other amounts payable | 47/48 | €3,111 | €32,820 | +€29,709 | +955.0% |
| Accrued charges and deferred income | 492/3 | €3,258 | €3,256 | -€3 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,824 | €27,684 | -€1,140 | -4.0% |
| Other operating charges | 640/8 | €9,439 | €4,116 | -€5,323 | -56.4% |
| Gross operating margin | 9900 | €55,483 | €66,898 | +€11,415 | +20.6% |
| Operating profit (loss) | 9901 | €17,220 | €35,098 | +€17,878 | +103.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €12,514 | €7,378 | -€5,136 | -41.0% |
| Recurring financial charges | 65 | €12,514 | €7,378 | -€5,136 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €4,706 | €27,720 | +€23,014 | +489.0% |
| Income taxes | 67/77 | €1,951 | €10,924 | +€8,973 | +459.8% |
| Profit (loss) for the period | 9904 | €2,755 | €16,796 | +€14,042 | +509.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,755 | €16,796 | +€14,042 | +509.8% |
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 30 September 2026 via checked.be.