DEMEIJ-ROTSAERT: 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.
DEMEIJ-ROTSAERT
Largest movements
- Tangible fixed assets +€847,372
up €847,372 (+139.9%), from €605,845 to €1.5m
of which Land and buildings: +€841,331
- Cash -€48,239
down €48,239 (-23.7%), from €203,747 to €155,507
mainly Investment in fixed assets (net) (-€955,130) and Receivables within one year (-€38,385)
- Receivables within one year +€38,385
up €38,385 (+284.7%), from €13,481 to €51,866
of which Other amounts receivable: +€40,143
- Debts after one year +€564,787
up €564,787 (+114.7%), from €492,525 to €1.1m
- Reserves +€111,965
up €111,965 (+42.6%), from €262,884 to €374,849
- Trade debts +€68,901
up €68,901 (+184.9%), from €37,267 to €106,168
- Tax, wage and social debts +€43,870
up €43,870 (+94.9%), from €46,252 to €90,122
of which Taxes: +€51,598
- Other debts +€33,376
up €33,376 (+22.8%), from €146,538 to €179,914
- Gross operating margin +€180,739
up €180,739 (+55.0%), from €328,389 to €509,128
- Depreciation +€58,664
up €58,664 (+119.5%), from €49,094 to €107,758
- Financial charges +€14,123
up €14,123 (+41.9%), from €33,737 to €47,860
- Taxes +€10,965
up €10,965 (+96.6%), from €11,352 to €22,317
- Staff costs +€5,999
up €5,999 (+3.1%), from €194,186 to €200,184
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 | €1,120,184 | €1,974,062 | +€853,878 | +76.2% |
| Fixed assets | 21/28 | €893,345 | €1,740,717 | +€847,372 | +94.9% |
| Tangible fixed assets | 22/27 | €605,845 | €1,453,217 | +€847,372 | +139.9% |
| Land and buildings | 22 | €548,950 | €1,390,281 | +€841,331 | +153.3% |
| Plant, machinery and equipment | 23 | €56,475 | €50,699 | -€5,776 | -10.2% |
| Furniture and vehicles | 24 | €420 | €12,237 | +€11,817 | +2812.2% |
| Financial fixed assets | 28 | €287,500 | €287,500 | = | 0.0% |
| Current assets | 29/58 | €226,839 | €233,345 | +€6,506 | +2.9% |
| Stocks and contracts in progress | 3 | €6,317 | €22,352 | +€16,035 | +253.9% |
| Stocks | 30/36 | €6,317 | €22,352 | +€16,035 | +253.9% |
| Amounts receivable within one year | 40/41 | €13,481 | €51,866 | +€38,385 | +284.7% |
| Trade receivables | 40 | €1,757 | €0 | -€1,757 | -100.0% |
| Other amounts receivable | 41 | €11,724 | €51,866 | +€40,143 | +342.4% |
| Cash at bank and in hand | 54/58 | €203,747 | €155,507 | -€48,239 | -23.7% |
| Deferred charges and accrued income | 490/1 | €3,295 | €3,620 | +€325 | +9.9% |
| Total equity and liabilities | 10/49 | €1,120,184 | €1,974,062 | +€853,878 | +76.2% |
| Equity | 10/15 | €281,499 | €393,439 | +€111,940 | +39.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €262,884 | €374,849 | +€111,965 | +42.6% |
| Distributable reserves | 133 | €262,884 | €374,849 | +€111,965 | +42.6% |
| Profit (loss) carried forward | 14 | €65 | €40 | -€25 | -38.7% |
| Amounts payable | 17/49 | €838,685 | €1,580,623 | +€741,938 | +88.5% |
| Amounts payable after more than one year | 17 | €492,525 | €1,057,312 | +€564,787 | +114.7% |
| Financial debts | 170/4 | €492,525 | €1,057,312 | +€564,787 | +114.7% |
| Amounts payable within one year | 42/48 | €342,183 | €516,970 | +€174,787 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €112,126 | €140,766 | +€28,640 | +25.5% |
| Trade debts | 44 | €37,267 | €106,168 | +€68,901 | +184.9% |
| Suppliers | 440/4 | €37,267 | €106,168 | +€68,901 | +184.9% |
| Taxes, remuneration and social security | 45 | €46,252 | €90,122 | +€43,870 | +94.9% |
| Taxes | 450/3 | €21,328 | €72,926 | +€51,598 | +241.9% |
| Remuneration and social security | 454/9 | €24,924 | €17,196 | -€7,728 | -31.0% |
| Other amounts payable | 47/48 | €146,538 | €179,914 | +€33,376 | +22.8% |
| Accrued charges and deferred income | 492/3 | €3,977 | €6,341 | +€2,364 | +59.4% |
| Non-recurring operating income | 76A | - | €45,947 | +€45,947 | |
| Remuneration, social security and pensions | 62 | €194,186 | €200,184 | +€5,999 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,094 | €107,758 | +€58,664 | +119.5% |
| Other operating charges | 640/8 | €12,082 | €16,380 | +€4,298 | +35.6% |
| Non-recurring operating charges | 66A | - | €3,195 | +€3,195 | |
| Gross operating margin | 9900 | €328,389 | €509,128 | +€180,739 | +55.0% |
| Operating profit (loss) | 9901 | €73,027 | €181,610 | +€108,582 | +148.7% |
| Financial income | 75/76B | €1,627 | €507 | -€1,119 | -68.8% |
| Recurring financial income | 75 | €1,627 | €507 | -€1,119 | -68.8% |
| Financial charges | 65/66B | €33,737 | €47,860 | +€14,123 | +41.9% |
| Recurring financial charges | 65 | €33,737 | €47,860 | +€14,123 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €40,917 | €134,257 | +€93,340 | +228.1% |
| Income taxes | 67/77 | €11,352 | €22,317 | +€10,965 | +96.6% |
| Profit (loss) for the period | 9904 | €29,565 | €111,940 | +€82,375 | +278.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,565 | €111,940 | +€82,375 | +278.6% |
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 9 October 2026 via checked.be.