DEMETEC: 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.
DEMETEC
Largest movements
- Cash -€93,784
down €93,784 (-40.6%), from €231,229 to €137,444
mainly Other debts (-€60,058) and Tax, wage and social debts (-€47,003)
- Tangible fixed assets -€28,018
down €28,018 (-39.5%), from €70,911 to €42,892
of which Leasing and similar rights: -€14,117
- Receivables within one year +€23,962
up €23,962 (+17.1%), from €140,433 to €164,395
of which Trade receivables: +€17,862
- Profit (loss) carried forward +€69,984
up €69,984 (+42.6%), from €164,244 to €234,227
- Other debts -€60,058
down €60,058 (-60.4%), from €99,470 to €39,412
- Tax, wage and social debts -€47,003
down €47,003 (-32.7%), from €143,754 to €96,751
of which Taxes: -€32,846
- Debts after one year -€41,241
down €41,241 (-27.3%), from €151,190 to €109,949
- Trade debts -€19,147
down €19,147 (-85.9%), from €22,286 to €3,139
- Gross operating margin -€249,478
down €249,478 (-34.3%), from €727,658 to €478,180
- Taxes -€69,536
down €69,536 (-70.6%), from €98,436 to €28,900
- Staff costs -€16,579
down €16,579 (-4.7%), from €353,961 to €337,382
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 | €781,053 | €676,501 | -€104,551 | -13.4% |
| Fixed assets | 21/28 | €394,100 | €366,081 | -€28,018 | -7.1% |
| Tangible fixed assets | 22/27 | €70,911 | €42,892 | -€28,018 | -39.5% |
| Plant, machinery and equipment | 23 | €169 | - | -€169 | |
| Furniture and vehicles | 24 | €23,237 | €15,258 | -€7,978 | -34.3% |
| Leasing and similar rights | 25 | €21,698 | €7,581 | -€14,117 | -65.1% |
| Other tangible fixed assets | 26 | €25,807 | €20,053 | -€5,754 | -22.3% |
| Financial fixed assets | 28 | €323,189 | €323,189 | = | 0.0% |
| Current assets | 29/58 | €386,953 | €310,420 | -€76,533 | -19.8% |
| Amounts receivable within one year | 40/41 | €140,433 | €164,395 | +€23,962 | +17.1% |
| Trade receivables | 40 | €131,533 | €149,395 | +€17,862 | +13.6% |
| Other amounts receivable | 41 | €8,900 | €15,000 | +€6,100 | +68.5% |
| Cash at bank and in hand | 54/58 | €231,229 | €137,444 | -€93,784 | -40.6% |
| Deferred charges and accrued income | 490/1 | €15,292 | €8,581 | -€6,711 | -43.9% |
| Total equity and liabilities | 10/49 | €781,053 | €676,501 | -€104,551 | -13.4% |
| Equity | 10/15 | €298,498 | €368,481 | +€69,984 | +23.4% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €121,859 | €121,859 | = | 0.0% |
| Distributable reserves | 133 | €121,859 | €121,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,244 | €234,227 | +€69,984 | +42.6% |
| Amounts payable | 17/49 | €482,555 | €308,020 | -€174,535 | -36.2% |
| Amounts payable after more than one year | 17 | €151,190 | €109,949 | -€41,241 | -27.3% |
| Financial debts | 170/4 | €151,190 | €109,949 | -€41,241 | -27.3% |
| Amounts payable within one year | 42/48 | €313,827 | €190,689 | -€123,138 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €48,316 | €51,387 | +€3,070 | +6.4% |
| Trade debts | 44 | €22,286 | €3,139 | -€19,147 | -85.9% |
| Suppliers | 440/4 | €22,286 | €3,139 | -€19,147 | -85.9% |
| Taxes, remuneration and social security | 45 | €143,754 | €96,751 | -€47,003 | -32.7% |
| Taxes | 450/3 | €101,213 | €68,367 | -€32,846 | -32.5% |
| Remuneration and social security | 454/9 | €42,541 | €28,384 | -€14,157 | -33.3% |
| Other amounts payable | 47/48 | €99,470 | €39,412 | -€60,058 | -60.4% |
| Accrued charges and deferred income | 492/3 | €17,539 | €7,383 | -€10,156 | -57.9% |
| Remuneration, social security and pensions | 62 | €353,961 | €337,382 | -€16,579 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,376 | €28,018 | -€2,357 | -7.8% |
| Other operating charges | 640/8 | €5,564 | €5,444 | -€120 | -2.2% |
| Non-recurring operating charges | 66A | - | €30 | +€30 | |
| Gross operating margin | 9900 | €727,658 | €478,180 | -€249,478 | -34.3% |
| Operating profit (loss) | 9901 | €337,757 | €107,306 | -€230,451 | -68.2% |
| Financial income | 75/76B | €84 | €22 | -€62 | -74.2% |
| Recurring financial income | 75 | €84 | €22 | -€62 | -74.2% |
| Financial charges | 65/66B | €12,734 | €8,444 | -€4,290 | -33.7% |
| Recurring financial charges | 65 | €12,734 | €8,444 | -€4,290 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €325,108 | €98,884 | -€226,224 | -69.6% |
| Income taxes | 67/77 | €98,436 | €28,900 | -€69,536 | -70.6% |
| Profit (loss) for the period | 9904 | €226,672 | €69,984 | -€156,688 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €226,672 | €69,984 | -€156,688 | -69.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.