Demets Metal: 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 Metal
Largest movements
- Receivables within one year -€78,075
down €78,075 (-15.7%), from €497,929 to €419,854
of which Other amounts receivable: -€57,953
- Cash +€43,298
up €43,298 (+245%), from €17,647 to €60,945
mainly Receivables within one year (+€78,075) and Net result for the year (+€28,968)
- Tangible fixed assets +€23,188
up €23,188 (+50.3%), from €46,096 to €69,284
of which Furniture and vehicles: +€25,259
- Reserves +€28,968
up €28,968 (+16.7%), from €173,294 to €202,262
of which Distributable reserves: +€28,968
- Trade debts -€27,462
down €27,462 (-10.8%), from €255,328 to €227,866
- Write-downs -€71,656
down €71,656, from €28,265 to -€43,391
- Gross operating margin -€34,073
down €34,073 (-27.9%), from €121,987 to €87,914
- Other operating charges +€24,514
up €24,514 (+119%), from €20,678 to €45,192
- Financial charges -€5,595
down €5,595 (-57.7%), from €9,704 to €4,109
- Staff costs +€4,808
up €4,808 (+20.6%), from €23,318 to €28,126
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 | €573,784 | €560,119 | -€13,665 | -2.4% |
| Fixed assets | 21/28 | €54,891 | €75,602 | +€20,710 | +37.7% |
| Intangible fixed assets | 21 | €8,795 | €6,318 | -€2,477 | -28.2% |
| Tangible fixed assets | 22/27 | €46,096 | €69,284 | +€23,188 | +50.3% |
| Furniture and vehicles | 24 | €40,816 | €66,075 | +€25,259 | +61.9% |
| Other tangible fixed assets | 26 | €5,280 | €3,209 | -€2,071 | -39.2% |
| Current assets | 29/58 | €518,893 | €484,518 | -€34,375 | -6.6% |
| Amounts receivable within one year | 40/41 | €497,929 | €419,854 | -€78,075 | -15.7% |
| Trade receivables | 40 | €34,827 | €14,705 | -€20,122 | -57.8% |
| Other amounts receivable | 41 | €463,102 | €405,149 | -€57,953 | -12.5% |
| Cash at bank and in hand | 54/58 | €17,647 | €60,945 | +€43,298 | +245% |
| Deferred charges and accrued income | 490/1 | €3,317 | €3,718 | +€401 | +12.1% |
| Total equity and liabilities | 10/49 | €573,784 | €560,119 | -€13,665 | -2.4% |
| Equity | 10/15 | €238,294 | €267,262 | +€28,968 | +12.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €173,294 | €202,262 | +€28,968 | +16.7% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €166,794 | €195,762 | +€28,968 | +17.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €335,490 | €292,857 | -€42,633 | -12.7% |
| Amounts payable after more than one year | 17 | €5,348 | €0 | -€5,348 | -100% |
| Financial debts | 170/4 | €5,348 | €0 | -€5,348 | -100% |
| Amounts payable within one year | 42/48 | €327,356 | €291,540 | -€35,816 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €6,761 | €5,348 | -€1,413 | -20.9% |
| Financial debts | 43 | €2,448 | €5,586 | +€3,139 | +128% |
| Credit institutions | 430/8 | €2,448 | €5,586 | +€3,139 | +128% |
| Trade debts | 44 | €255,328 | €227,866 | -€27,462 | -10.8% |
| Suppliers | 440/4 | €255,328 | €227,866 | -€27,462 | -10.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €47,946 | €43,187 | -€4,760 | -9.9% |
| Taxes | 450/3 | €44,544 | €35,948 | -€8,595 | -19.3% |
| Remuneration and social security | 454/9 | €3,403 | €7,238 | +€3,835 | +113% |
| Other amounts payable | 47/48 | €14,873 | €9,553 | -€5,319 | -35.8% |
| Accrued charges and deferred income | 492/3 | €2,786 | €1,317 | -€1,469 | -52.7% |
| Non-recurring operating income | 76A | - | €12,471 | +€12,471 | |
| Remuneration, social security and pensions | 62 | €23,318 | €28,126 | +€4,808 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,987 | €19,241 | +€3,254 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,265 | -€43,391 | -€71,656 | |
| Other operating charges | 640/8 | €20,678 | €45,192 | +€24,514 | +119% |
| Gross operating margin | 9900 | €121,987 | €87,914 | -€34,073 | -27.9% |
| Operating profit (loss) | 9901 | €33,741 | €38,747 | +€5,007 | +14.8% |
| Financial income | 75/76B | €9,154 | €6,641 | -€2,513 | -27.5% |
| Recurring financial income | 75 | €9,154 | €6,641 | -€2,513 | -27.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,704 | €4,109 | -€5,595 | -57.7% |
| Recurring financial charges | 65 | €9,704 | €4,109 | -€5,595 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €33,190 | €41,279 | +€8,089 | +24.4% |
| Income taxes | 67/77 | €10,273 | €12,311 | +€2,038 | +19.8% |
| Profit (loss) for the period | 9904 | €22,917 | €28,968 | +€6,051 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,917 | €28,968 | +€6,051 | +26.4% |
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.