Demejen: what changed
What changed
Demejen
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€168,504
2024 · €171,429-€2,925
Equity
€187,104
2024 · €311,599-€124,494
Cash
€193,226
2024 · €300,280-€107,054
Balance sheet total
€1.1m
2024 · €1.1m+€36,797
Largest movements
Assets
- Cash -€107,054
down €107,054 (-35.7%), from €300,280 to €193,226
mainly Contributions, distributions and other (-€292,999) and Investment in fixed assets (net) (-€99,637)
- Receivables within one year +€59,199
up €59,199 (+116%), from €50,971 to €110,170
of which Trade receivables: +€60,182
- Stocks and contracts +€36,366
up €36,366 (+180%), from €20,178 to €56,544
- Current investments +€31,000
new in 2025: €31,000
- Tangible fixed assets +€20,344
up €20,344 (+3.0%), from €674,075 to €694,419
of which Furniture and vehicles: +€64,736
Equity and liabilities
- Other debts +€194,962
up €194,962 (+709%), from €27,517 to €222,479
- Reserves -€130,694
down €130,694 (-43.7%), from €299,199 to €168,504
- Debts after one year -€44,594
down €44,594 (-8.2%), from €540,712 to €496,117
- Current portion of long-term debt +€13,008
up €13,008 (+17.9%), from €72,711 to €85,720
Income statement
- Staff costs -€35,264
down €35,264 (-43.9%), from €80,326 to €45,063
- Gross operating margin -€23,474
down €23,474 (-5.8%), from €401,610 to €378,136
- Depreciation +€13,474
up €13,474 (+19.5%), from €69,117 to €82,591
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€171,429
Gross operating margin
-€23,474
Staff costs
+€35,264
Depreciation
-€13,474
Other operating charges
-€2,117
Other operating items
-€4,408
Financial income
+€3,552
Financial charges
-€506
Taxes
+€2,239
Result 2025
€168,504
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€357,976
Investment
-€130,637
Financing
-€334,393
Cash 2024
€300,280
From operations (derived)
+€357,976
Net result for the year
+€168,504
Depreciation
+€82,591
Stocks and contracts
-€36,366
Receivables within one year
-€59,199
Smaller working-capital items
+€459
Tax, wage and social debts
+€7,024
Other debts
+€194,962
Investment (derived)
-€130,637
Investment in fixed assets (net)
-€99,637
Current investments
-€31,000
Financing
-€334,393
Debts after one year
-€44,594
Current portion of long-term debt
+€13,008
Short-term financial debts
-€9,808
Contributions, distributions and other
-€292,999
Cash 2025
€193,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,721 | €1,104,519 | +€36,797 | +3.4% |
| Fixed assets | 21/28 | €686,960 | €704,006 | +€17,046 | +2.5% |
| Intangible fixed assets | 21 | €12,885 | €9,587 | -€3,298 | -25.6% |
| Tangible fixed assets | 22/27 | €674,075 | €694,419 | +€20,344 | +3.0% |
| Land and buildings | 22 | €569,968 | €543,008 | -€26,960 | -4.7% |
| Plant, machinery and equipment | 23 | €95,344 | €77,912 | -€17,432 | -18.3% |
| Furniture and vehicles | 24 | €8,764 | €73,500 | +€64,736 | +739% |
| Current assets | 29/58 | €380,761 | €400,512 | +€19,751 | +5.2% |
| Stocks and contracts in progress | 3 | €20,178 | €56,544 | +€36,366 | +180% |
| Stocks | 30/36 | €20,178 | €56,544 | +€36,366 | +180% |
| Amounts receivable within one year | 40/41 | €50,971 | €110,170 | +€59,199 | +116% |
| Trade receivables | 40 | €49,951 | €110,132 | +€60,182 | +120% |
| Other amounts receivable | 41 | €1,021 | €38 | -€983 | -96.3% |
| Current investments | 50/53 | - | €31,000 | +€31,000 | |
| Cash at bank and in hand | 54/58 | €300,280 | €193,226 | -€107,054 | -35.7% |
| Deferred charges and accrued income | 490/1 | €9,331 | €9,573 | +€241 | +2.6% |
| Total equity and liabilities | 10/49 | €1,067,721 | €1,104,519 | +€36,797 | +3.4% |
| Equity | 10/15 | €311,599 | €187,104 | -€124,494 | -40.0% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €299,199 | €168,504 | -€130,694 | -43.7% |
| Distributable reserves | 133 | €299,199 | €168,504 | -€130,694 | -43.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €756,123 | €917,414 | +€161,292 | +21.3% |
| Amounts payable after more than one year | 17 | €540,712 | €496,117 | -€44,594 | -8.2% |
| Financial debts | 170/4 | €540,712 | €496,117 | -€44,594 | -8.2% |
| Amounts payable within one year | 42/48 | €213,321 | €418,812 | +€205,491 | +96.3% |
| Current portion of amounts payable after more than one year | 42 | €72,711 | €85,720 | +€13,008 | +17.9% |
| Financial debts | 43 | €9,808 | €0 | -€9,808 | -100% |
| Credit institutions | 430/8 | €9,808 | €0 | -€9,808 | -100% |
| Trade debts | 44 | €43,056 | €43,362 | +€306 | +0.7% |
| Suppliers | 440/4 | €43,056 | €43,362 | +€306 | +0.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €60,228 | €67,252 | +€7,024 | +11.7% |
| Taxes | 450/3 | €54,686 | €62,320 | +€7,634 | +14.0% |
| Remuneration and social security | 454/9 | €5,542 | €4,932 | -€610 | -11.0% |
| Other amounts payable | 47/48 | €27,517 | €222,479 | +€194,962 | +709% |
| Accrued charges and deferred income | 492/3 | €2,090 | €2,485 | +€395 | +18.9% |
| Remuneration, social security and pensions | 62 | €80,326 | €45,063 | -€35,264 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,117 | €82,591 | +€13,474 | +19.5% |
| Other operating charges | 640/8 | €6,858 | €8,976 | +€2,117 | +30.9% |
| Non-recurring operating charges | 66A | - | €4,408 | +€4,408 | |
| Gross operating margin | 9900 | €401,610 | €378,136 | -€23,474 | -5.8% |
| Operating profit (loss) | 9901 | €245,309 | €237,098 | -€8,211 | -3.3% |
| Financial income | 75/76B | €1,450 | €5,003 | +€3,552 | +245% |
| Recurring financial income | 75 | €1,450 | €5,003 | +€3,552 | +245% |
| Financial charges | 65/66B | €21,600 | €22,106 | +€506 | +2.3% |
| Recurring financial charges | 65 | €21,600 | €22,106 | +€506 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €225,159 | €219,995 | -€5,164 | -2.3% |
| Income taxes | 67/77 | €53,730 | €51,490 | -€2,239 | -4.2% |
| Profit (loss) for the period | 9904 | €171,429 | €168,504 | -€2,925 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €171,429 | €168,504 | -€2,925 | -1.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.