DEMERHOF: 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.
What changed
DEMERHOF
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,698
2024 · €6,703+€995
Equity
€263,474
2024 · €255,776+€7,698
Cash
€5,767
2024 · €6,514-€747
Balance sheet total
€690,535
2024 · €662,246+€28,289
Largest movements
Assets
- Stocks and contracts +€51,912
up €51,912 (+10.9%), from €475,122 to €527,035
- Tangible fixed assets -€26,450
down €26,450 (-19.6%), from €134,751 to €108,301
Equity and liabilities
- Debts after one year -€30,427
down €30,427 (-25.5%), from €119,503 to €89,076
- Trade debts +€20,643
up €20,643 (+73.0%), from €28,293 to €48,936
- Other debts +€17,165
up €17,165 (+8.7%), from €198,351 to €215,516
- Short-term financial debts +€8,973
up €8,973 (+382%), from €2,349 to €11,323
- Reserves +€7,698
up €7,698 (+6.6%), from €115,776 to €123,474
of which Distributable reserves: +€7,698
Income statement
- Gross operating margin -€14,004
down €14,004 (-13.9%), from €100,514 to €86,511
- Staff costs -€12,381
down €12,381 (-28.0%), from €44,254 to €31,873
- Other operating charges -€3,376
down €3,376 (-47.0%), from €7,181 to €3,805
- Depreciation +€1,424
up €1,424 (+5.2%), from €27,581 to €29,005
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.
Result 2024
€6,703
Gross operating margin
-€14,004
Staff costs
+€12,381
Depreciation
-€1,424
Other operating charges
+€3,376
Financial income
+€8
Financial charges
+€940
Taxes
-€282
Result 2025
€7,698
raises the resultlowers the result
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.
From operations
+€22,656
Investment
-€3,114
Financing
-€20,288
Cash 2024
€6,514
From operations (derived)
+€22,656
Net result for the year
+€7,698
Depreciation
+€29,005
Stocks and contracts
-€51,912
Receivables within one year
-€589
Deferred charges and accrued income
-€2,425
Trade debts
+€20,643
Tax, wage and social debts
+€2,105
Advances received
+€966
Other debts
+€17,165
Investment (derived)
-€3,114
Investment in fixed assets (net)
-€2,422
Current investments
-€693
Financing
-€20,288
Debts after one year
-€30,427
Current portion of long-term debt
+€1,165
Short-term financial debts
+€8,973
Cash 2025
€5,767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,246 | €690,535 | +€28,289 | +4.3% |
| Fixed assets | 21/28 | €137,393 | €110,810 | -€26,583 | -19.3% |
| Intangible fixed assets | 21 | €603 | €470 | -€133 | -22.1% |
| Tangible fixed assets | 22/27 | €134,751 | €108,301 | -€26,450 | -19.6% |
| Land and buildings | 22 | €11,319 | €5,659 | -€5,660 | -50.0% |
| Plant, machinery and equipment | 23 | €34,299 | €26,556 | -€7,743 | -22.6% |
| Furniture and vehicles | 24 | €10,867 | €8,147 | -€2,720 | -25.0% |
| Other tangible fixed assets | 26 | €78,266 | €67,939 | -€10,328 | -13.2% |
| Financial fixed assets | 28 | €2,039 | €2,039 | = | 0.0% |
| Current assets | 29/58 | €524,853 | €579,725 | +€54,872 | +10.5% |
| Stocks and contracts in progress | 3 | €475,122 | €527,035 | +€51,912 | +10.9% |
| Stocks | 30/36 | €475,122 | €527,035 | +€51,912 | +10.9% |
| Amounts receivable within one year | 40/41 | €43,021 | €43,610 | +€589 | +1.4% |
| Trade receivables | 40 | €42,607 | €37,765 | -€4,842 | -11.4% |
| Other amounts receivable | 41 | €414 | €5,845 | +€5,431 | +1,311% |
| Current investments | 50/53 | - | €693 | +€693 | |
| Cash at bank and in hand | 54/58 | €6,514 | €5,767 | -€747 | -11.5% |
| Deferred charges and accrued income | 490/1 | €195 | €2,621 | +€2,425 | +1,241% |
| Total equity and liabilities | 10/49 | €662,246 | €690,535 | +€28,289 | +4.3% |
| Equity | 10/15 | €255,776 | €263,474 | +€7,698 | +3.0% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €115,776 | €123,474 | +€7,698 | +6.6% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,888 | €1,888 | = | 0.0% |
| Distributable reserves | 133 | €99,888 | €107,586 | +€7,698 | +7.7% |
| Amounts payable | 17/49 | €406,470 | €427,061 | +€20,591 | +5.1% |
| Amounts payable after more than one year | 17 | €119,503 | €89,076 | -€30,427 | -25.5% |
| Financial debts | 170/4 | €119,503 | €89,076 | -€30,427 | -25.5% |
| Amounts payable within one year | 42/48 | €286,967 | €337,985 | +€51,018 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €29,262 | €30,427 | +€1,165 | +4.0% |
| Financial debts | 43 | €2,349 | €11,323 | +€8,973 | +382% |
| Credit institutions | 430/8 | €2,349 | €11,323 | +€8,973 | +382% |
| Trade debts | 44 | €28,293 | €48,936 | +€20,643 | +73.0% |
| Suppliers | 440/4 | €28,293 | €48,936 | +€20,643 | +73.0% |
| Advances received on contracts in progress | 46 | - | €966 | +€966 | |
| Taxes, remuneration and social security | 45 | €28,712 | €30,817 | +€2,105 | +7.3% |
| Taxes | 450/3 | €23,581 | €26,368 | +€2,787 | +11.8% |
| Remuneration and social security | 454/9 | €5,131 | €4,449 | -€682 | -13.3% |
| Other amounts payable | 47/48 | €198,351 | €215,516 | +€17,165 | +8.7% |
| Remuneration, social security and pensions | 62 | €44,254 | €31,873 | -€12,381 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,581 | €29,005 | +€1,424 | +5.2% |
| Other operating charges | 640/8 | €7,181 | €3,805 | -€3,376 | -47.0% |
| Gross operating margin | 9900 | €100,514 | €86,511 | -€14,004 | -13.9% |
| Operating profit (loss) | 9901 | €21,498 | €21,828 | +€330 | +1.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €11,597 | €10,657 | -€940 | -8.1% |
| Recurring financial charges | 65 | €11,597 | €10,657 | -€940 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €9,902 | €11,179 | +€1,277 | +12.9% |
| Income taxes | 67/77 | €3,199 | €3,480 | +€282 | +8.8% |
| Profit (loss) for the period | 9904 | €6,703 | €7,698 | +€995 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,703 | €7,698 | +€995 | +14.8% |
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 26 October 2026 via checked.be.