DEMETERIUS: 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.
DEMETERIUS
Largest movements
- Tangible fixed assets +€45,702
up €45,702 (+799.7%), from €5,715 to €51,417
of which Furniture and vehicles: +€40,797
- Profit (loss) carried forward +€32,112
up €32,112 (+297.7%), from €10,786 to €42,898
- Debts after one year +€20,333
new in 2025: €20,333
- Other debts -€10,763
down €10,763 (-48.7%), from €22,105 to €11,342
- Current portion of long-term debt +€7,351
up €7,351 (+248.7%), from €2,956 to €10,307
- Trade debts -€4,570
down €4,570 (-74.7%), from €6,121 to €1,552
- Depreciation -€25,185
down €25,185 (-89.5%), from €28,150 to €2,964
- Gross operating margin -€11,430
down €11,430 (-11.3%), from €101,160 to €89,730
- Write-downs +€6,640
new in 2025: €6,640
- Taxes +€2,850
up €2,850 (+30.4%), from €9,361 to €12,211
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 | €61,987 | €107,690 | +€45,703 | +73.7% |
| Fixed assets | 21/28 | €5,875 | €51,577 | +€45,702 | +777.9% |
| Tangible fixed assets | 22/27 | €5,715 | €51,417 | +€45,702 | +799.7% |
| Plant, machinery and equipment | 23 | - | €4,906 | +€4,906 | |
| Furniture and vehicles | 24 | €5,715 | €46,512 | +€40,797 | +713.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €56,112 | €56,112 | +€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €23,109 | €23,607 | +€498 | +2.2% |
| Trade receivables | 40 | €16,471 | €12,852 | -€3,618 | -22.0% |
| Other amounts receivable | 41 | €6,639 | €10,755 | +€4,116 | +62.0% |
| Cash at bank and in hand | 54/58 | €31,191 | €30,385 | -€806 | -2.6% |
| Deferred charges and accrued income | 490/1 | €1,812 | €2,120 | +€308 | +17.0% |
| Total equity and liabilities | 10/49 | €61,987 | €107,690 | +€45,703 | +73.7% |
| Equity | 10/15 | €23,186 | €55,298 | +€32,112 | +138.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,786 | €42,898 | +€32,112 | +297.7% |
| Amounts payable | 17/49 | €38,800 | €52,391 | +€13,591 | +35.0% |
| Amounts payable after more than one year | 17 | - | €20,333 | +€20,333 | |
| Financial debts | 170/4 | - | €20,333 | +€20,333 | |
| Amounts payable within one year | 42/48 | €38,059 | €30,801 | -€7,258 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €2,956 | €10,307 | +€7,351 | +248.7% |
| Trade debts | 44 | €6,121 | €1,552 | -€4,570 | -74.7% |
| Suppliers | 440/4 | €6,121 | €1,552 | -€4,570 | -74.7% |
| Taxes, remuneration and social security | 45 | €6,876 | €7,600 | +€724 | +10.5% |
| Taxes | 450/3 | €1,419 | €3,130 | +€1,712 | +120.7% |
| Remuneration and social security | 454/9 | €5,457 | €4,469 | -€988 | -18.1% |
| Other amounts payable | 47/48 | €22,105 | €11,342 | -€10,763 | -48.7% |
| Accrued charges and deferred income | 492/3 | €742 | €1,257 | +€516 | +69.6% |
| Remuneration, social security and pensions | 62 | €33,002 | €33,103 | +€101 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,150 | €2,964 | -€25,185 | -89.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,640 | +€6,640 | |
| Other operating charges | 640/8 | €1,468 | €2,423 | +€955 | +65.1% |
| Non-recurring operating charges | 66A | - | €11 | +€11 | |
| Gross operating margin | 9900 | €101,160 | €89,730 | -€11,430 | -11.3% |
| Operating profit (loss) | 9901 | €38,541 | €44,589 | +€6,048 | +15.7% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €237 | €266 | +€29 | +12.3% |
| Recurring financial charges | 65 | €237 | €266 | +€29 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €38,321 | €44,323 | +€6,002 | +15.7% |
| Income taxes | 67/77 | €9,361 | €12,211 | +€2,850 | +30.4% |
| Profit (loss) for the period | 9904 | €28,959 | €32,112 | +€3,153 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,959 | €32,112 | +€3,153 | +10.9% |
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 2 October 2026 via checked.be.