Demefo: 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.
Demefo
Largest movements
- Tangible fixed assets +€8,198
up €8,198 (+1722.8%), from €476 to €8,674
of which Land and buildings: +€4,933
- Cash -€5,323
down €5,323 (-59.8%), from €8,900 to €3,577
mainly Net result for the year (-€21,745) and Investment in fixed assets (net) (-€10,365)
- Receivables within one year -€1,428
down €1,428 (-10.6%), from €13,464 to €12,036
of which Trade receivables: -€1,485
- Deferred charges and accrued income +€1,247
new in 2025: €1,247
- Other debts +€35,828
up €35,828 (+37678.2%), from €95 to €35,923
- Profit (loss) carried forward -€21,745
down €21,745 (-145.4%), from -€14,955 to -€36,700
- Tax, wage and social debts -€10,080
down €10,080 (-71.7%), from €14,063 to €3,983
of which Taxes: -€7,460
- Trade debts -€1,671
down €1,671 (-33.3%), from €5,020 to €3,349
- Short-term financial debts +€362
new in 2025: €362
- Gross operating margin -€27,528
down €27,528, from €10,549 to -€16,979
- Depreciation +€2,023
up €2,023 (+1405.1%), from €144 to €2,167
- Taxes -€1,379
down €1,379 (-100.0%), from €1,379 to €0
- Other operating charges +€831
up €831 (+52.3%), from €1,590 to €2,421
- Financial charges -€221
down €221 (-48.7%), from €455 to €233
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 | €22,840 | €25,535 | +€2,695 | +11.8% |
| Fixed assets | 21/28 | €476 | €8,674 | +€8,198 | +1722.8% |
| Tangible fixed assets | 22/27 | €476 | €8,674 | +€8,198 | +1722.8% |
| Land and buildings | 22 | - | €4,933 | +€4,933 | |
| Furniture and vehicles | 24 | €476 | €3,741 | +€3,265 | +686.2% |
| Current assets | 29/58 | €22,364 | €16,860 | -€5,503 | -24.6% |
| Amounts receivable within one year | 40/41 | €13,464 | €12,036 | -€1,428 | -10.6% |
| Trade receivables | 40 | €13,464 | €11,979 | -€1,485 | -11.0% |
| Other amounts receivable | 41 | - | €57 | +€57 | |
| Cash at bank and in hand | 54/58 | €8,900 | €3,577 | -€5,323 | -59.8% |
| Deferred charges and accrued income | 490/1 | - | €1,247 | +€1,247 | |
| Total equity and liabilities | 10/49 | €22,840 | €25,535 | +€2,695 | +11.8% |
| Equity | 10/15 | €3,661 | -€18,083 | -€21,745 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17 | €17 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17 | €17 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17 | €17 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,955 | -€36,700 | -€21,745 | -145.4% |
| Amounts payable | 17/49 | €19,178 | €43,618 | +€24,440 | +127.4% |
| Amounts payable within one year | 42/48 | €19,178 | €43,618 | +€24,440 | +127.4% |
| Financial debts | 43 | - | €362 | +€362 | |
| Credit institutions | 430/8 | - | €362 | +€362 | |
| Trade debts | 44 | €5,020 | €3,349 | -€1,671 | -33.3% |
| Suppliers | 440/4 | €5,020 | €3,349 | -€1,671 | -33.3% |
| Taxes, remuneration and social security | 45 | €14,063 | €3,983 | -€10,080 | -71.7% |
| Taxes | 450/3 | €11,443 | €3,983 | -€7,460 | -65.2% |
| Remuneration and social security | 454/9 | €2,620 | €0 | -€2,620 | -100.0% |
| Other amounts payable | 47/48 | €95 | €35,923 | +€35,828 | +37678.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €2,167 | +€2,023 | +1405.1% |
| Other operating charges | 640/8 | €1,590 | €2,421 | +€831 | +52.3% |
| Gross operating margin | 9900 | €10,549 | -€16,979 | -€27,528 | |
| Operating profit (loss) | 9901 | €8,815 | -€21,567 | -€30,382 | |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €455 | €233 | -€221 | -48.7% |
| Recurring financial charges | 65 | €455 | €233 | -€221 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €8,360 | -€21,745 | -€30,105 | |
| Income taxes | 67/77 | €1,379 | €0 | -€1,379 | -100.0% |
| Profit (loss) for the period | 9904 | €6,981 | -€21,745 | -€28,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,981 | -€21,745 | -€28,726 |
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 10 October 2026 via checked.be.