DEMERHUIS: 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.
DEMERHUIS
Largest movements
- Cash +€70,503
up €70,503 (+365%), from €19,310 to €89,812
mainly Net result for the year (+€58,727) and Depreciation (+€33,164)
- Tangible fixed assets -€29,295
down €29,295 (-6.6%), from €442,844 to €413,549
of which Land and buildings: -€32,891
- Deferred charges and accrued income -€9,630
no longer reported in 2025 (was €9,630)
- Reserves +€58,727
up €58,727 (+120%), from €49,008 to €107,734
- Debts after one year -€37,443
down €37,443 (-21.6%), from €173,361 to €135,918
- Tax, wage and social debts +€12,958
up €12,958 (+277%), from €4,686 to €17,644
- Taxes +€8,971
up €8,971 (+47.2%), from €18,986 to €27,956
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 | €471,784 | €503,362 | +€31,578 | +6.7% |
| Fixed assets | 21/28 | €442,844 | €413,549 | -€29,295 | -6.6% |
| Tangible fixed assets | 22/27 | €442,844 | €413,549 | -€29,295 | -6.6% |
| Land and buildings | 22 | €442,844 | €409,954 | -€32,891 | -7.4% |
| Plant, machinery and equipment | 23 | - | €3,596 | +€3,596 | |
| Current assets | 29/58 | €28,940 | €89,812 | +€60,872 | +210% |
| Cash at bank and in hand | 54/58 | €19,310 | €89,812 | +€70,503 | +365% |
| Deferred charges and accrued income | 490/1 | €9,630 | - | -€9,630 | |
| Total equity and liabilities | 10/49 | €471,784 | €503,362 | +€31,578 | +6.7% |
| Equity | 10/15 | €249,008 | €307,734 | +€58,727 | +23.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €49,008 | €107,734 | +€58,727 | +120% |
| Distributable reserves | 133 | €49,008 | €107,734 | +€58,727 | +120% |
| Amounts payable | 17/49 | €222,776 | €195,627 | -€27,149 | -12.2% |
| Amounts payable after more than one year | 17 | €173,361 | €135,918 | -€37,443 | -21.6% |
| Financial debts | 170/4 | €173,361 | €135,918 | -€37,443 | -21.6% |
| Amounts payable within one year | 42/48 | €49,415 | €59,709 | +€10,294 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €37,127 | €37,443 | +€316 | +0.9% |
| Trade debts | 44 | €3,786 | €805 | -€2,980 | -78.7% |
| Suppliers | 440/4 | €3,786 | €805 | -€2,980 | -78.7% |
| Taxes, remuneration and social security | 45 | €4,686 | €17,644 | +€12,958 | +277% |
| Taxes | 450/3 | €4,686 | €17,644 | +€12,958 | +277% |
| Other amounts payable | 47/48 | €3,817 | €3,817 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,464 | €33,164 | +€700 | +2.2% |
| Other operating charges | 640/8 | €3,010 | €3,103 | +€93 | +3.1% |
| Gross operating margin | 9900 | €124,904 | €125,850 | +€946 | +0.8% |
| Operating profit (loss) | 9901 | €89,430 | €89,583 | +€153 | +0.2% |
| Financial charges | 65/66B | €4,032 | €2,901 | -€1,131 | -28.1% |
| Recurring financial charges | 65 | €4,032 | €2,901 | -€1,131 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €85,398 | €86,683 | +€1,284 | +1.5% |
| Income taxes | 67/77 | €18,986 | €27,956 | +€8,971 | +47.2% |
| Profit (loss) for the period | 9904 | €66,413 | €58,727 | -€7,686 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,413 | €58,727 | -€7,686 | -11.6% |
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 20 October 2026 via checked.be.