DEMES: what changed
Two fiscal 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.
DEMES
Largest movements
- Cash +€14,463
up €14,463 (+52.6%), from €27,481 to €41,944
mainly Depreciation (+€15,811) and Receivables within one year (+€10,054)
- Tangible fixed assets -€10,734
down €10,734 (-10.1%), from €106,384 to €95,650
of which Land and buildings: -€7,653
- Receivables within one year -€10,054
down €10,054 (-94.1%), from €10,683 to €629
- Debts after one year -€6,000
down €6,000 (-14.5%), from €41,500 to €35,500
of which Financial debts: -€6,000
- Other debts +€2,310
up €2,310 (+30.3%), from €7,632 to €9,942
- Tax, wage and social debts -€2,128
down €2,128 (-11.7%), from €18,159 to €16,031
of which Taxes: -€8,235
- Gross operating margin -€27,029
down €27,029 (-53.9%), from €50,155 to €23,126
- Taxes -€7,954
down €7,954 (-92.3%), from €8,614 to €659
- Other operating charges +€1,802
up €1,802 (+54.1%), from €3,330 to €5,133
- Depreciation -€952
down €952 (-5.7%), from €16,763 to €15,811
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 | €144,772 | €138,447 | -€6,325 | -4.4% |
| Fixed assets | 21/28 | €106,609 | €95,875 | -€10,734 | -10.1% |
| Tangible fixed assets | 22/27 | €106,384 | €95,650 | -€10,734 | -10.1% |
| Land and buildings | 22 | €91,637 | €83,985 | -€7,653 | -8.4% |
| Plant, machinery and equipment | 23 | €3,449 | €2,451 | -€998 | -28.9% |
| Furniture and vehicles | 24 | €9,837 | €7,991 | -€1,846 | -18.8% |
| Other tangible fixed assets | 26 | €1,460 | €1,222 | -€238 | -16.3% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €38,164 | €42,573 | +€4,409 | +11.6% |
| Amounts receivable within one year | 40/41 | €10,683 | €629 | -€10,054 | -94.1% |
| Trade receivables | 40 | €10,683 | €629 | -€10,054 | -94.1% |
| Cash at bank and in hand | 54/58 | €27,481 | €41,944 | +€14,463 | +52.6% |
| Total equity and liabilities | 10/49 | €144,772 | €138,447 | -€6,325 | -4.4% |
| Equity | 10/15 | €77,481 | €76,975 | -€507 | -0.7% |
| Contributions | 10/11 | €59,500 | €59,500 | = | 0.0% |
| Reserves | 13 | €7,950 | €7,950 | = | 0.0% |
| Distributable reserves | 133 | €7,950 | €7,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,031 | €9,525 | -€507 | -5.1% |
| Amounts payable | 17/49 | €67,291 | €61,473 | -€5,818 | -8.6% |
| Amounts payable after more than one year | 17 | €41,500 | €35,500 | -€6,000 | -14.5% |
| Financial debts | 170/4 | €40,000 | €34,000 | -€6,000 | -15.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,791 | €25,973 | +€182 | +0.7% |
| Taxes, remuneration and social security | 45 | €18,159 | €16,031 | -€2,128 | -11.7% |
| Taxes | 450/3 | €16,476 | €8,240 | -€8,235 | -50.0% |
| Remuneration and social security | 454/9 | €1,684 | €7,791 | +€6,107 | +362.8% |
| Other amounts payable | 47/48 | €7,632 | €9,942 | +€2,310 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,763 | €15,811 | -€952 | -5.7% |
| Other operating charges | 640/8 | €3,330 | €5,133 | +€1,802 | +54.1% |
| Gross operating margin | 9900 | €50,155 | €23,126 | -€27,029 | -53.9% |
| Operating profit (loss) | 9901 | €30,061 | €2,183 | -€27,879 | -92.7% |
| Financial charges | 65/66B | €2,137 | €2,030 | -€107 | -5.0% |
| Recurring financial charges | 65 | €2,137 | €2,030 | -€107 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €27,924 | €152 | -€27,772 | -99.5% |
| Income taxes | 67/77 | €8,614 | €659 | -€7,954 | -92.3% |
| Profit (loss) for the period | 9904 | €19,311 | -€507 | -€19,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,311 | -€507 | -€19,817 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.