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
- Tangible fixed assets -€20,509
down €20,509 (-41.4%), from €49,555 to €29,045
of which Plant, machinery and equipment: -€15,551
- Receivables within one year +€10,526
up €10,526 (+50.9%), from €20,666 to €31,192
of which Other amounts receivable: +€8,508
- Stocks and contracts +€9,015
new in 2025: €9,015
- Cash -€6,294
down €6,294 (-4.8%), from €130,900 to €124,605
mainly Tax, wage and social debts (-€23,233) and Debts after one year (-€11,932)
- Tax, wage and social debts -€23,233
down €23,233 (-69.7%), from €33,317 to €10,085
- Profit (loss) carried forward +€20,025
up €20,025 (+18.4%), from €108,921 to €128,946
- Debts after one year -€11,932
down €11,932 (-30.9%), from €38,579 to €26,647
- Other debts +€6,886
up €6,886 (+374%), from €1,839 to €8,725
- Gross operating margin -€93,864
down €93,864 (-64.9%), from €144,587 to €50,723
- Taxes -€20,073
down €20,073 (-77.0%), from €26,063 to €5,990
- Depreciation +€2,506
up €2,506 (+13.9%), from €18,003 to €20,509
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 | €201,121 | €193,858 | -€7,263 | -3.6% |
| Fixed assets | 21/28 | €49,555 | €29,045 | -€20,509 | -41.4% |
| Tangible fixed assets | 22/27 | €49,555 | €29,045 | -€20,509 | -41.4% |
| Plant, machinery and equipment | 23 | €27,214 | €11,663 | -€15,551 | -57.1% |
| Furniture and vehicles | 24 | €22,341 | €17,382 | -€4,959 | -22.2% |
| Current assets | 29/58 | €151,566 | €164,812 | +€13,246 | +8.7% |
| Stocks and contracts in progress | 3 | - | €9,015 | +€9,015 | |
| Stocks | 30/36 | - | €9,015 | +€9,015 | |
| Amounts receivable within one year | 40/41 | €20,666 | €31,192 | +€10,526 | +50.9% |
| Trade receivables | 40 | €20,344 | €22,362 | +€2,018 | +9.9% |
| Other amounts receivable | 41 | €323 | €8,830 | +€8,508 | +2,638% |
| Cash at bank and in hand | 54/58 | €130,900 | €124,605 | -€6,294 | -4.8% |
| Total equity and liabilities | 10/49 | €201,121 | €193,858 | -€7,263 | -3.6% |
| Equity | 10/15 | €111,421 | €131,446 | +€20,025 | +18.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,921 | €128,946 | +€20,025 | +18.4% |
| Amounts payable | 17/49 | €89,700 | €62,412 | -€27,288 | -30.4% |
| Amounts payable after more than one year | 17 | €38,579 | €26,647 | -€11,932 | -30.9% |
| Financial debts | 170/4 | €38,579 | €26,647 | -€11,932 | -30.9% |
| Amounts payable within one year | 42/48 | €51,121 | €35,765 | -€15,356 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €11,408 | €11,932 | +€524 | +4.6% |
| Trade debts | 44 | €4,557 | €5,023 | +€466 | +10.2% |
| Suppliers | 440/4 | €4,557 | €5,023 | +€466 | +10.2% |
| Taxes, remuneration and social security | 45 | €33,317 | €10,085 | -€23,233 | -69.7% |
| Taxes | 450/3 | €33,317 | €10,085 | -€23,233 | -69.7% |
| Other amounts payable | 47/48 | €1,839 | €8,725 | +€6,886 | +374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,003 | €20,509 | +€2,506 | +13.9% |
| Other operating charges | 640/8 | €646 | €723 | +€77 | +11.9% |
| Gross operating margin | 9900 | €144,587 | €50,723 | -€93,864 | -64.9% |
| Operating profit (loss) | 9901 | €125,939 | €29,491 | -€96,448 | -76.6% |
| Financial income | 75/76B | €1,243 | €2,073 | +€830 | +66.8% |
| Recurring financial income | 75 | €1,243 | €2,073 | +€830 | +66.8% |
| Financial charges | 65/66B | €4,536 | €3,831 | -€704 | -15.5% |
| Recurring financial charges | 65 | €4,536 | €3,831 | -€704 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €122,646 | €27,733 | -€94,913 | -77.4% |
| Income taxes | 67/77 | €26,063 | €5,990 | -€20,073 | -77.0% |
| Profit (loss) for the period | 9904 | €96,583 | €21,743 | -€74,840 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,583 | €21,743 | -€74,840 | -77.5% |
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 29 October 2026 via checked.be.