DEMEULENAERE: 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.
DEMEULENAERE
Largest movements
- Cash -€14,176
down €14,176 (-35.7%), from €39,658 to €25,482
mainly Net result for the year (-€8,302) and Receivables within one year (-€7,293)
- Receivables within one year +€7,293
up €7,293 (+20.8%), from €35,070 to €42,363
of which Other amounts receivable: +€4,943
- Tangible fixed assets -€6,816
down €6,816 (-16.2%), from €42,113 to €35,297
of which Plant, machinery and equipment: -€6,525
- Receivables after one year -€2,951
down €2,951 (-7.9%), from €37,422 to €34,472
- Profit (loss) carried forward -€8,302
down €8,302 (-17.4%), from €47,619 to €39,317
- Tax, wage and social debts -€4,533
down €4,533 (-76.8%), from €5,902 to €1,369
- Trade debts -€2,745
down €2,745 (-56.8%), from €4,835 to €2,090
- Gross operating margin +€3,936
up €3,936 (+64.8%), from -€6,076 to -€2,140
- Financial income +€817
up €817 (+196%), from €417 to €1,234
- Financial charges -€275
down €275 (-45.8%), from €601 to €326
- Other operating charges +€254
new in 2025: €254
- Taxes -€148
no longer reported in 2025 (was €148)
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 | €154,263 | €137,614 | -€16,650 | -10.8% |
| Fixed assets | 21/28 | €42,113 | €35,297 | -€6,816 | -16.2% |
| Tangible fixed assets | 22/27 | €42,113 | €35,297 | -€6,816 | -16.2% |
| Land and buildings | 22 | €1,161 | €871 | -€290 | -25.0% |
| Plant, machinery and equipment | 23 | €40,951 | €34,426 | -€6,525 | -15.9% |
| Current assets | 29/58 | €112,151 | €102,317 | -€9,834 | -8.8% |
| Amounts receivable after more than one year | 29 | €37,422 | €34,472 | -€2,951 | -7.9% |
| Other amounts receivable | 291 | €37,422 | €34,472 | -€2,951 | -7.9% |
| Amounts receivable within one year | 40/41 | €35,070 | €42,363 | +€7,293 | +20.8% |
| Trade receivables | 40 | €18,827 | €21,177 | +€2,350 | +12.5% |
| Other amounts receivable | 41 | €16,243 | €21,186 | +€4,943 | +30.4% |
| Cash at bank and in hand | 54/58 | €39,658 | €25,482 | -€14,176 | -35.7% |
| Total equity and liabilities | 10/49 | €154,263 | €137,614 | -€16,650 | -10.8% |
| Equity | 10/15 | €142,714 | €133,553 | -€9,161 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,495 | €75,636 | -€859 | -1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,221 | €1,221 | = | 0.0% |
| Distributable reserves | 133 | €73,414 | €72,555 | -€859 | -1.2% |
| Profit (loss) carried forward | 14 | €47,619 | €39,317 | -€8,302 | -17.4% |
| Amounts payable | 17/49 | €11,549 | €4,060 | -€7,489 | -64.8% |
| Amounts payable within one year | 42/48 | €11,549 | €4,060 | -€7,489 | -64.8% |
| Trade debts | 44 | €4,835 | €2,090 | -€2,745 | -56.8% |
| Suppliers | 440/4 | €4,835 | €2,090 | -€2,745 | -56.8% |
| Taxes, remuneration and social security | 45 | €5,902 | €1,369 | -€4,533 | -76.8% |
| Taxes | 450/3 | €5,902 | €1,369 | -€4,533 | -76.8% |
| Other amounts payable | 47/48 | €812 | €601 | -€211 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,816 | €6,816 | = | 0.0% |
| Other operating charges | 640/8 | - | €254 | +€254 | |
| Gross operating margin | 9900 | -€6,076 | -€2,140 | +€3,936 | +64.8% |
| Operating profit (loss) | 9901 | -€12,891 | -€9,210 | +€3,682 | +28.6% |
| Financial income | 75/76B | €417 | €1,234 | +€817 | +196% |
| Recurring financial income | 75 | €417 | €1,234 | +€817 | +196% |
| Financial charges | 65/66B | €601 | €326 | -€275 | -45.8% |
| Recurring financial charges | 65 | €601 | €326 | -€275 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,075 | -€8,302 | +€4,774 | +36.5% |
| Income taxes | 67/77 | €148 | - | -€148 | |
| Profit (loss) for the period | 9904 | -€13,224 | -€8,302 | +€4,922 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,224 | -€8,302 | +€4,922 | +37.2% |
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 18 October 2026 via checked.be.