DEMER: 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.
DEMER
Largest movements
- Receivables within one year -€15,833
down €15,833 (-50.9%), from €31,129 to €15,296
- Cash +€11,904
up €11,904 (+17.7%), from €67,255 to €79,160
mainly Receivables within one year (+€15,833) and Depreciation (+€5,300)
- Tangible fixed assets -€5,300
down €5,300 (-13.8%), from €38,488 to €33,188
of which Land and buildings: -€2,746
- Profit (loss) carried forward -€8,876
down €8,876 (-53.0%), from -€16,749 to -€25,625
- Tax, wage and social debts -€2,674
down €2,674 (-36.4%), from €7,342 to €4,668
- Trade debts +€2,410
up €2,410 (+1291.8%), from €187 to €2,597
- Gross operating margin -€21,908
down €21,908, from €20,592 to -€1,316
- Other operating charges -€443
down €443 (-16.2%), from €2,733 to €2,291
- Financial income +€302
up €302 (+1745.9%), from €17 to €319
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 | €138,594 | €129,454 | -€9,139 | -6.6% |
| Fixed assets | 21/28 | €38,488 | €33,188 | -€5,300 | -13.8% |
| Tangible fixed assets | 22/27 | €38,488 | €33,188 | -€5,300 | -13.8% |
| Land and buildings | 22 | €27,212 | €24,467 | -€2,746 | -10.1% |
| Plant, machinery and equipment | 23 | €10,611 | €8,482 | -€2,129 | -20.1% |
| Furniture and vehicles | 24 | €664 | €239 | -€425 | -64.0% |
| Current assets | 29/58 | €100,106 | €96,266 | -€3,839 | -3.8% |
| Amounts receivable within one year | 40/41 | €31,129 | €15,296 | -€15,833 | -50.9% |
| Trade receivables | 40 | €31,129 | €15,296 | -€15,833 | -50.9% |
| Cash at bank and in hand | 54/58 | €67,255 | €79,160 | +€11,904 | +17.7% |
| Deferred charges and accrued income | 490/1 | €1,721 | €1,811 | +€90 | +5.2% |
| Total equity and liabilities | 10/49 | €138,594 | €129,454 | -€9,139 | -6.6% |
| Equity | 10/15 | €131,065 | €122,189 | -€8,876 | -6.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €122,814 | €122,814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €122,814 | €122,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,749 | -€25,625 | -€8,876 | -53.0% |
| Amounts payable | 17/49 | €7,529 | €7,265 | -€264 | -3.5% |
| Amounts payable within one year | 42/48 | €7,529 | €7,265 | -€264 | -3.5% |
| Trade debts | 44 | €187 | €2,597 | +€2,410 | +1291.8% |
| Suppliers | 440/4 | €187 | €2,597 | +€2,410 | +1291.8% |
| Taxes, remuneration and social security | 45 | €7,342 | €4,668 | -€2,674 | -36.4% |
| Taxes | 450/3 | €7,342 | €4,668 | -€2,674 | -36.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,271 | €5,300 | +€29 | +0.6% |
| Other operating charges | 640/8 | €2,733 | €2,291 | -€443 | -16.2% |
| Non-recurring operating charges | 66A | €327 | €0 | -€327 | -100.0% |
| Gross operating margin | 9900 | €20,592 | -€1,316 | -€21,908 | |
| Operating profit (loss) | 9901 | €12,261 | -€8,907 | -€21,167 | |
| Financial income | 75/76B | €17 | €319 | +€302 | +1745.9% |
| Recurring financial income | 75 | €17 | €319 | +€302 | +1745.9% |
| Financial charges | 65/66B | €3 | €26 | +€23 | +725.1% |
| Recurring financial charges | 65 | €3 | €26 | +€23 | +725.1% |
| Profit (loss) for the period before taxes | 9903 | €12,275 | -€8,614 | -€20,888 | |
| Income taxes | 67/77 | €255 | €262 | +€7 | +2.7% |
| Profit (loss) for the period | 9904 | €12,020 | -€8,876 | -€20,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,020 | -€8,876 | -€20,895 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.