DEMETAL: 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.
DEMETAL
Largest movements
- Cash -€21,740
down €21,740 (-12.4%), from €175,297 to €153,557
mainly Net result for the year (-€15,287) and Investment in fixed assets (net) (-€4,637)
- Tangible fixed assets +€4,172
up €4,172 (+8.2%), from €50,922 to €55,094
of which Furniture and vehicles: +€4,172
- Receivables within one year +€4,027
up €4,027 (+9.7%), from €41,637 to €45,664
of which Trade receivables: +€4,026
- Reserves -€15,287
down €15,287 (-9.6%), from €159,420 to €144,133
of which Distributable reserves: -€15,287
- Gross operating margin -€7,249
down €7,249 (-19.2%), from €37,719 to €30,470
- Other operating charges +€1,520
up €1,520 (+3.5%), from €43,809 to €45,329
- Depreciation +€465
new in 2025: €465
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 | €279,600 | €264,031 | -€15,569 | -5.6% |
| Fixed assets | 21/28 | €50,922 | €55,094 | +€4,172 | +8.2% |
| Tangible fixed assets | 22/27 | €50,922 | €55,094 | +€4,172 | +8.2% |
| Land and buildings | 22 | €50,922 | €50,922 | = | 0.0% |
| Furniture and vehicles | 24 | - | €4,172 | +€4,172 | |
| Current assets | 29/58 | €228,677 | €208,936 | -€19,741 | -8.6% |
| Amounts receivable within one year | 40/41 | €41,637 | €45,664 | +€4,027 | +9.7% |
| Trade receivables | 40 | €41,578 | €45,604 | +€4,026 | +9.7% |
| Other amounts receivable | 41 | €59 | €59 | +€1 | +1.0% |
| Current investments | 50/53 | €9,715 | €9,715 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,297 | €153,557 | -€21,740 | -12.4% |
| Deferred charges and accrued income | 490/1 | €2,028 | €0 | -€2,028 | -100% |
| Total equity and liabilities | 10/49 | €279,600 | €264,031 | -€15,569 | -5.6% |
| Equity | 10/15 | €267,144 | €251,857 | -€15,287 | -5.7% |
| Contributions | 10/11 | €72,750 | €72,750 | = | 0.0% |
| Capital | 10 | €72,750 | €72,750 | = | 0.0% |
| Issued capital | 100 | €72,750 | €72,750 | = | 0.0% |
| Revaluation surpluses | 12 | €34,974 | €34,974 | = | 0.0% |
| Reserves | 13 | €159,420 | €144,133 | -€15,287 | -9.6% |
| Non-distributable reserves | 130/1 | €41,610 | €41,610 | = | 0.0% |
| Legal reserve | 130 | €7,275 | €7,275 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,335 | €34,335 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,857 | €21,857 | = | 0.0% |
| Distributable reserves | 133 | €95,952 | €80,666 | -€15,287 | -15.9% |
| Amounts payable | 17/49 | €12,456 | €12,173 | -€282 | -2.3% |
| Amounts payable within one year | 42/48 | €12,456 | €12,173 | -€282 | -2.3% |
| Trade debts | 44 | €4,446 | €4,164 | -€282 | -6.3% |
| Suppliers | 440/4 | €4,446 | €4,164 | -€282 | -6.3% |
| Other amounts payable | 47/48 | €8,010 | €8,010 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €465 | +€465 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €43,809 | €45,329 | +€1,520 | +3.5% |
| Gross operating margin | 9900 | €37,719 | €30,470 | -€7,249 | -19.2% |
| Operating profit (loss) | 9901 | -€6,090 | -€15,324 | -€9,234 | -152% |
| Financial income | 75/76B | €163 | €110 | -€53 | -32.4% |
| Recurring financial income | 75 | €163 | €110 | -€53 | -32.4% |
| Financial charges | 65/66B | €40 | €73 | +€34 | +84.8% |
| Recurring financial charges | 65 | €40 | €73 | +€34 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,967 | -€15,287 | -€9,320 | -156% |
| Profit (loss) for the period | 9904 | -€5,967 | -€15,287 | -€9,320 | -156% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,967 | -€15,287 | -€9,320 | -156% |
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 13 October 2026 via checked.be.