Demets et Ballade: 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.
Demets et Ballade
Largest movements
- Stocks and contracts -€52,031
down €52,031 (-48.3%), from €107,721 to €55,690
- Tangible fixed assets -€12,117
down €12,117 (-19.3%), from €62,783 to €50,667
of which Furniture and vehicles: -€6,911
- Receivables within one year -€6,615
down €6,615 (-48.5%), from €13,650 to €7,035
- Cash +€5,994
up €5,994 (+17.4%), from €34,535 to €40,528
mainly Stocks and contracts (+€52,031) and Depreciation (+€12,117)
- Profit (loss) carried forward -€41,794
down €41,794 (-7.3%), from -€569,023 to -€610,817
- Tax, wage and social debts -€14,312
down €14,312 (-45.1%), from €31,752 to €17,441
of which Taxes: -€14,312
- Debts after one year -€7,769
down €7,769 (-41.2%), from €18,849 to €11,080
of which Financial debts: -€5,255
- Purchases and services -€61,506
down €61,506 (-28.5%), from €216,100 to €154,594
- Gross operating margin +€56,205
up €56,205 (+75.9%), from -€74,069 to -€17,864
- Turnover -€5,254
down €5,254 (-3.8%), from €139,320 to €134,066
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 | €221,277 | €156,509 | -€64,768 | -29.3% |
| Fixed assets | 21/28 | €65,372 | €53,255 | -€12,117 | -18.5% |
| Tangible fixed assets | 22/27 | €62,783 | €50,667 | -€12,117 | -19.3% |
| Land and buildings | 22 | €43,381 | €38,176 | -€5,206 | -12.0% |
| Furniture and vehicles | 24 | €19,402 | €12,491 | -€6,911 | -35.6% |
| Financial fixed assets | 28 | €2,588 | €2,588 | = | 0.0% |
| Current assets | 29/58 | €155,905 | €103,254 | -€52,652 | -33.8% |
| Stocks and contracts in progress | 3 | €107,721 | €55,690 | -€52,031 | -48.3% |
| Stocks | 30/36 | €107,721 | €55,690 | -€52,031 | -48.3% |
| Amounts receivable within one year | 40/41 | €13,650 | €7,035 | -€6,615 | -48.5% |
| Trade receivables | 40 | €13,650 | €7,035 | -€6,615 | -48.5% |
| Cash at bank and in hand | 54/58 | €34,535 | €40,528 | +€5,994 | +17.4% |
| Total equity and liabilities | 10/49 | €221,277 | €156,509 | -€64,768 | -29.3% |
| Equity | 10/15 | €132,764 | €90,970 | -€41,794 | -31.5% |
| Contributions | 10/11 | €515,619 | €515,619 | = | 0.0% |
| Capital | 10 | €515,619 | €515,619 | = | 0.0% |
| Issued capital | 100 | €515,619 | €515,619 | = | 0.0% |
| Revaluation surpluses | 12 | €163,114 | €163,114 | = | 0.0% |
| Reserves | 13 | €23,054 | €23,054 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €16,609 | €16,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€569,023 | -€610,817 | -€41,794 | -7.3% |
| Amounts payable | 17/49 | €88,513 | €65,539 | -€22,974 | -26.0% |
| Amounts payable after more than one year | 17 | €18,849 | €11,080 | -€7,769 | -41.2% |
| Financial debts | 170/4 | €6,150 | €895 | -€5,255 | -85.4% |
| Other amounts payable | 178/9 | €12,699 | €10,185 | -€2,515 | -19.8% |
| Amounts payable within one year | 42/48 | €69,664 | €54,459 | -€15,205 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €5,059 | €5,255 | +€196 | +3.9% |
| Trade debts | 44 | €32,853 | €31,764 | -€1,089 | -3.3% |
| Suppliers | 440/4 | €32,853 | €31,764 | -€1,089 | -3.3% |
| Taxes, remuneration and social security | 45 | €31,752 | €17,441 | -€14,312 | -45.1% |
| Taxes | 450/3 | €30,952 | €16,641 | -€14,312 | -46.2% |
| Remuneration and social security | 454/9 | €800 | €800 | = | 0.0% |
| Turnover | 70 | €139,320 | €134,066 | -€5,254 | -3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €216,100 | €154,594 | -€61,506 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,101 | €12,117 | +€16 | +0.1% |
| Other operating charges | 640/8 | €7,491 | €7,950 | +€459 | +6.1% |
| Gross operating margin | 9900 | -€74,069 | -€17,864 | +€56,205 | +75.9% |
| Operating profit (loss) | 9901 | -€93,661 | -€37,930 | +€55,731 | +59.5% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €4,201 | €3,664 | -€538 | -12.8% |
| Recurring financial charges | 65 | €4,201 | €3,664 | -€538 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€97,862 | -€41,572 | +€56,290 | +57.5% |
| Income taxes | 67/77 | €226 | €222 | -€4 | -1.6% |
| Profit (loss) for the period | 9904 | -€98,088 | -€41,794 | +€56,294 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,088 | -€41,794 | +€56,294 | +57.4% |
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 27 October 2026 via checked.be.