DEMEFCO: 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.
What changed
DEMEFCO
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,044
2024 · €20,673+€9,371
Equity
€773,366
2024 · €743,323+€30,044
Cash
€144,045
2024 · €120,870+€23,175
Balance sheet total
€2.6m
2024 · €2.7m-€38,687
Largest movements
Assets
- Receivables within one year -€57,279
down €57,279 (-4.1%), from €1.4m to €1.3m
of which Other amounts receivable: -€72,953
Equity and liabilities
- Other debts -€129,636
down €129,636 (-31.2%), from €415,576 to €285,940
- Debts after one year +€45,709
up €45,709 (+133%), from €34,488 to €80,197
- Reserves +€30,000
up €30,000 (+5.2%), from €573,010 to €603,010
of which Distributable reserves: +€30,000
Income statement
- Gross operating margin +€29,354
up €29,354 (+13.6%), from €215,384 to €244,738
- Depreciation +€18,461
up €18,461 (+21.3%), from €86,773 to €105,235
- Other operating charges +€8,301
up €8,301 (+135%), from €6,131 to €14,431
- Financial charges -€8,143
down €8,143 (-7.1%), from €113,936 to €105,792
- Provisions -€7,370
new in 2025: -€7,370
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
€20,673
Gross operating margin
+€29,354
Depreciation
-€18,461
Provisions
+€7,370
Other operating charges
-€8,301
Financial income
-€4,574
Financial charges
+€8,143
Taxes
-€4,161
Result 2025
€30,044
raises the resultlowers the result
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.
From operations
+€66,279
Investment
-€101,003
Financing
+€57,899
Cash 2024
€120,870
From operations (derived)
+€66,279
Net result for the year
+€30,044
Depreciation
+€105,235
Receivables within one year
+€57,279
Deferred charges and accrued income
+€352
Provisions
-€7,370
Trade debts
+€2,530
Tax, wage and social debts
+€8,212
Other debts
-€129,636
Accrued charges and deferred income
-€366
Investment (derived)
-€101,003
Investment in fixed assets (net)
-€101,003
Financing
+€57,899
Debts after one year
+€45,709
Current portion of long-term debt
+€12,191
Cash 2025
€144,045
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,682,345 | €2,643,658 | -€38,687 | -1.4% |
| Fixed assets | 21/28 | €1,174,253 | €1,170,021 | -€4,231 | -0.4% |
| Tangible fixed assets | 22/27 | €1,174,253 | €1,170,021 | -€4,231 | -0.4% |
| Land and buildings | 22 | €849,008 | €829,833 | -€19,175 | -2.3% |
| Plant, machinery and equipment | 23 | €55 | - | -€55 | |
| Furniture and vehicles | 24 | €39,686 | €95,953 | +€56,266 | +142% |
| Leasing and similar rights | 25 | €285,503 | €244,235 | -€41,268 | -14.5% |
| Current assets | 29/58 | €1,508,092 | €1,473,637 | -€34,456 | -2.3% |
| Amounts receivable within one year | 40/41 | €1,382,024 | €1,324,745 | -€57,279 | -4.1% |
| Trade receivables | 40 | €11,700 | €27,374 | +€15,675 | +134% |
| Other amounts receivable | 41 | €1,370,324 | €1,297,371 | -€72,953 | -5.3% |
| Cash at bank and in hand | 54/58 | €120,870 | €144,045 | +€23,175 | +19.2% |
| Deferred charges and accrued income | 490/1 | €5,198 | €4,846 | -€352 | -6.8% |
| Total equity and liabilities | 10/49 | €2,682,345 | €2,643,658 | -€38,687 | -1.4% |
| Equity | 10/15 | €743,323 | €773,366 | +€30,044 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €573,010 | €603,010 | +€30,000 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €552,400 | €582,400 | +€30,000 | +5.4% |
| Profit (loss) carried forward | 14 | €151,713 | €151,756 | +€44 | 0.0% |
| Provisions and deferred taxes | 16 | €1,050,830 | €1,043,460 | -€7,370 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €1,050,830 | €1,043,460 | -€7,370 | -0.7% |
| Other liabilities and charges | 164/5 | €1,050,830 | €1,043,460 | -€7,370 | -0.7% |
| Amounts payable | 17/49 | €888,192 | €826,831 | -€61,360 | -6.9% |
| Amounts payable after more than one year | 17 | €34,488 | €80,197 | +€45,709 | +133% |
| Financial debts | 170/4 | €34,488 | €80,197 | +€45,709 | +133% |
| Amounts payable within one year | 42/48 | €851,489 | €744,785 | -€106,703 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €434,579 | €446,770 | +€12,191 | +2.8% |
| Trade debts | 44 | €284 | €2,814 | +€2,530 | +891% |
| Suppliers | 440/4 | €284 | €2,814 | +€2,530 | +891% |
| Taxes, remuneration and social security | 45 | €1,050 | €9,262 | +€8,212 | +782% |
| Taxes | 450/3 | €1,050 | €9,262 | +€8,212 | +782% |
| Other amounts payable | 47/48 | €415,576 | €285,940 | -€129,636 | -31.2% |
| Accrued charges and deferred income | 492/3 | €2,215 | €1,849 | -€366 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,773 | €105,235 | +€18,461 | +21.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€7,370 | -€7,370 | |
| Other operating charges | 640/8 | €6,131 | €14,431 | +€8,301 | +135% |
| Gross operating margin | 9900 | €215,384 | €244,738 | +€29,354 | +13.6% |
| Operating profit (loss) | 9901 | €122,480 | €132,442 | +€9,962 | +8.1% |
| Financial income | 75/76B | €21,778 | €17,205 | -€4,574 | -21.0% |
| Recurring financial income | 75 | €21,778 | €17,205 | -€4,574 | -21.0% |
| Financial charges | 65/66B | €113,936 | €105,792 | -€8,143 | -7.1% |
| Recurring financial charges | 65 | €113,936 | €105,792 | -€8,143 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €30,323 | €43,855 | +€13,532 | +44.6% |
| Income taxes | 67/77 | €9,650 | €13,811 | +€4,161 | +43.1% |
| Profit (loss) for the period | 9904 | €20,673 | €30,044 | +€9,371 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,673 | €30,044 | +€9,371 | +45.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.