Demesmacre: 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.
Demesmacre
Largest movements
- Stocks and contracts -€104,000
down €104,000 (-42.2%), from €246,320 to €142,320
- Receivables within one year +€85,288
up €85,288 (+34.6%), from €246,492 to €331,779
of which Trade receivables: +€75,101
- Tangible fixed assets -€42,372
down €42,372 (-3.5%), from €1.2m to €1.2m
of which Land and buildings: -€41,894
- Debts after one year -€118,000
down €118,000 (-27.8%), from €424,982 to €306,982
- Trade debts +€45,943
up €45,943 (+55.1%), from €83,443 to €129,386
- Tax, wage and social debts +€19,805
up €19,805 (+84.7%), from €23,388 to €43,193
of which Remuneration and social security: +€17,971
- Gross operating margin -€83,741
down €83,741 (-19.8%), from €422,169 to €338,428
- Staff costs -€5,068
down €5,068 (-2.1%), from €239,639 to €234,571
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 | €1,830,505 | €1,774,568 | -€55,937 | -3.1% |
| Fixed assets | 21/28 | €1,288,636 | €1,246,264 | -€42,372 | -3.3% |
| Tangible fixed assets | 22/27 | €1,222,236 | €1,179,864 | -€42,372 | -3.5% |
| Land and buildings | 22 | €1,163,044 | €1,121,150 | -€41,894 | -3.6% |
| Plant, machinery and equipment | 23 | €45,035 | €27,117 | -€17,918 | -39.8% |
| Furniture and vehicles | 24 | €14,157 | €31,597 | +€17,440 | +123% |
| Financial fixed assets | 28 | €66,400 | €66,400 | = | 0.0% |
| Current assets | 29/58 | €541,870 | €528,304 | -€13,566 | -2.5% |
| Stocks and contracts in progress | 3 | €246,320 | €142,320 | -€104,000 | -42.2% |
| Stocks | 30/36 | €246,320 | €142,320 | -€104,000 | -42.2% |
| Amounts receivable within one year | 40/41 | €246,492 | €331,779 | +€85,288 | +34.6% |
| Trade receivables | 40 | €155,361 | €230,463 | +€75,101 | +48.3% |
| Other amounts receivable | 41 | €91,130 | €101,317 | +€10,186 | +11.2% |
| Cash at bank and in hand | 54/58 | €49,058 | €54,204 | +€5,147 | +10.5% |
| Total equity and liabilities | 10/49 | €1,830,505 | €1,774,568 | -€55,937 | -3.1% |
| Equity | 10/15 | €1,153,031 | €1,157,687 | +€4,655 | +0.4% |
| Contributions | 10/11 | €130,987 | €130,987 | = | 0.0% |
| Reserves | 13 | €1,022,045 | €1,026,700 | +€4,655 | +0.5% |
| Tax-exempt reserves | 132 | €60,365 | €60,365 | = | 0.0% |
| Distributable reserves | 133 | €961,680 | €966,335 | +€4,655 | +0.5% |
| Amounts payable | 17/49 | €677,474 | €616,881 | -€60,593 | -8.9% |
| Amounts payable after more than one year | 17 | €424,982 | €306,982 | -€118,000 | -27.8% |
| Financial debts | 170/4 | €424,982 | €306,982 | -€118,000 | -27.8% |
| Amounts payable within one year | 42/48 | €252,492 | €309,899 | +€57,407 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €68,203 | €56,000 | -€12,203 | -17.9% |
| Trade debts | 44 | €83,443 | €129,386 | +€45,943 | +55.1% |
| Suppliers | 440/4 | €83,443 | €129,386 | +€45,943 | +55.1% |
| Advances received on contracts in progress | 46 | - | €5,617 | +€5,617 | |
| Taxes, remuneration and social security | 45 | €23,388 | €43,193 | +€19,805 | +84.7% |
| Taxes | 450/3 | €12,061 | €13,895 | +€1,834 | +15.2% |
| Remuneration and social security | 454/9 | €11,327 | €29,298 | +€17,971 | +159% |
| Other amounts payable | 47/48 | €77,457 | €75,702 | -€1,755 | -2.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €239,639 | €234,571 | -€5,068 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,659 | €74,450 | -€209 | -0.3% |
| Other operating charges | 640/8 | €15,685 | €15,668 | -€17 | -0.1% |
| Gross operating margin | 9900 | €422,169 | €338,428 | -€83,741 | -19.8% |
| Operating profit (loss) | 9901 | €92,186 | €13,739 | -€78,447 | -85.1% |
| Financial income | 75/76B | €5,829 | €6,435 | +€606 | +10.4% |
| Recurring financial income | 75 | €5,829 | €6,435 | +€606 | +10.4% |
| Financial charges | 65/66B | €14,258 | €12,228 | -€2,030 | -14.2% |
| Recurring financial charges | 65 | €14,258 | €12,228 | -€2,030 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €83,757 | €7,946 | -€75,811 | -90.5% |
| Income taxes | 67/77 | €5,000 | €3,291 | -€1,709 | -34.2% |
| Profit (loss) for the period | 9904 | €78,757 | €4,655 | -€74,102 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,757 | €4,655 | -€74,102 | -94.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.