Demeter K: 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.
Demeter K
Largest movements
- Receivables within one year -€205,280
down €205,280 (-97.3%), from €210,886 to €5,606
of which Trade receivables: -€209,061
- Cash +€16,019
up €16,019 (+87.9%), from €18,233 to €34,252
mainly Receivables within one year (+€205,280) and Depreciation (+€9,696)
- Tangible fixed assets -€9,696
down €9,696 (-68.4%), from €14,176 to €4,480
of which Furniture and vehicles: -€9,539
- Trade debts -€125,715
down €125,715 (-88.6%), from €141,873 to €16,158
- Profit (loss) carried forward -€60,239
down €60,239, from €28,076 to -€32,163
- Other debts -€10,868
down €10,868 (-75.5%), from €14,402 to €3,534
- Gross operating margin -€62,542
down €62,542 (-20.8%), from €300,619 to €238,077
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 | €243,295 | €45,348 | -€197,947 | -81.4% |
| Fixed assets | 21/28 | €14,176 | €4,480 | -€9,696 | -68.4% |
| Tangible fixed assets | 22/27 | €14,176 | €4,480 | -€9,696 | -68.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €13,092 | €3,553 | -€9,539 | -72.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,084 | €927 | -€157 | -14.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €229,119 | €40,868 | -€188,251 | -82.2% |
| Amounts receivable within one year | 40/41 | €210,886 | €5,606 | -€205,280 | -97.3% |
| Trade receivables | 40 | €209,061 | - | -€209,061 | |
| Other amounts receivable | 41 | €1,824 | €5,606 | +€3,782 | +207.3% |
| Cash at bank and in hand | 54/58 | €18,233 | €34,252 | +€16,019 | +87.9% |
| Deferred charges and accrued income | 490/1 | - | €1,010 | +€1,010 | |
| Total equity and liabilities | 10/49 | €243,295 | €45,348 | -€197,947 | -81.4% |
| Equity | 10/15 | €48,536 | -€11,703 | -€60,239 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,076 | -€32,163 | -€60,239 | |
| Amounts payable | 17/49 | €194,759 | €57,050 | -€137,709 | -70.7% |
| Amounts payable within one year | 42/48 | €194,759 | €57,050 | -€137,709 | -70.7% |
| Trade debts | 44 | €141,873 | €16,158 | -€125,715 | -88.6% |
| Suppliers | 440/4 | €141,873 | €16,158 | -€125,715 | -88.6% |
| Taxes, remuneration and social security | 45 | €38,484 | €37,359 | -€1,125 | -2.9% |
| Remuneration and social security | 454/9 | €38,484 | €37,359 | -€1,125 | -2.9% |
| Other amounts payable | 47/48 | €14,402 | €3,534 | -€10,868 | -75.5% |
| Remuneration, social security and pensions | 62 | €286,865 | €285,388 | -€1,476 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,280 | €9,696 | -€584 | -5.7% |
| Other operating charges | 640/8 | €1,115 | €2,736 | +€1,621 | +145.5% |
| Gross operating margin | 9900 | €300,619 | €238,077 | -€62,542 | -20.8% |
| Operating profit (loss) | 9901 | €2,360 | -€59,744 | -€62,103 | |
| Financial charges | 65/66B | €679 | €495 | -€184 | -27.1% |
| Recurring financial charges | 65 | €679 | €495 | -€184 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €1,681 | -€60,239 | -€61,919 | |
| Income taxes | 67/77 | €200 | - | -€200 | |
| Profit (loss) for the period | 9904 | €1,481 | -€60,239 | -€61,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,481 | -€60,239 | -€61,719 |
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 9 October 2026 via checked.be.