Demer Upkot: 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 Upkot
Largest movements
- Tangible fixed assets -€539,111
down €539,111 (-4.4%), from €12.2m to €11.6m
- Receivables within one year +€377,433
up €377,433 (+9,137%), from €4,131 to €381,564
of which Other amounts receivable: +€380,719
- Cash -€305,786
down €305,786 (-90.8%), from €336,661 to €30,875
mainly Receivables within one year (-€377,433) and Contributions, distributions and other (-€267,960)
- Contributions -€267,960
down €267,960 (-3.2%), from €8.3m to €8.0m
- Profit (loss) carried forward -€215,939
down €215,939 (-54.4%), from -€396,994 to -€612,933
- Gross operating margin +€27,869
up €27,869 (+8.9%), from €312,432 to €340,301
- Other operating charges +€3,801
up €3,801 (+20.6%), from €18,490 to €22,291
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,521,974 | €12,062,507 | -€459,467 | -3.7% |
| Fixed assets | 21/28 | €12,179,144 | €11,640,032 | -€539,111 | -4.4% |
| Tangible fixed assets | 22/27 | €12,179,144 | €11,640,032 | -€539,111 | -4.4% |
| Land and buildings | 22 | €12,179,144 | €11,640,032 | -€539,111 | -4.4% |
| Current assets | 29/58 | €342,831 | €422,475 | +€79,644 | +23.2% |
| Amounts receivable within one year | 40/41 | €4,131 | €381,564 | +€377,433 | +9,137% |
| Trade receivables | 40 | €4,131 | €845 | -€3,286 | -79.5% |
| Other amounts receivable | 41 | - | €380,719 | +€380,719 | |
| Cash at bank and in hand | 54/58 | €336,661 | €30,875 | -€305,786 | -90.8% |
| Deferred charges and accrued income | 490/1 | €2,038 | €10,036 | +€7,998 | +392% |
| Total equity and liabilities | 10/49 | €12,521,974 | €12,062,507 | -€459,467 | -3.7% |
| Equity | 10/15 | €12,495,855 | €12,011,956 | -€483,899 | -3.9% |
| Contributions | 10/11 | €8,259,637 | €7,991,677 | -€267,960 | -3.2% |
| Revaluation surpluses | 12 | €4,633,212 | €4,633,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,994 | -€612,933 | -€215,939 | -54.4% |
| Amounts payable | 17/49 | €26,119 | €50,551 | +€24,432 | +93.5% |
| Amounts payable within one year | 42/48 | €7,929 | €48,895 | +€40,966 | +517% |
| Trade debts | 44 | €7,929 | €38,126 | +€30,197 | +381% |
| Suppliers | 440/4 | €7,929 | €38,126 | +€30,197 | +381% |
| Other amounts payable | 47/48 | - | €10,769 | +€10,769 | |
| Accrued charges and deferred income | 492/3 | €18,190 | €1,656 | -€16,534 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €539,826 | €539,111 | -€714 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €900 | €778 | -€122 | -13.6% |
| Other operating charges | 640/8 | €18,490 | €22,291 | +€3,801 | +20.6% |
| Gross operating margin | 9900 | €312,432 | €340,301 | +€27,869 | +8.9% |
| Operating profit (loss) | 9901 | -€246,783 | -€221,880 | +€24,903 | +10.1% |
| Financial income | 75/76B | €7,535 | €7,120 | -€415 | -5.5% |
| Recurring financial income | 75 | €7,535 | €7,120 | -€415 | -5.5% |
| Financial charges | 65/66B | €1,507 | €1,179 | -€328 | -21.7% |
| Recurring financial charges | 65 | €1,507 | €1,179 | -€328 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€240,755 | -€215,939 | +€24,816 | +10.3% |
| Profit (loss) for the period | 9904 | -€240,755 | -€215,939 | +€24,816 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€240,755 | -€215,939 | +€24,816 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.