Demeurs: 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.
Demeurs
Largest movements
- Cash +€78,805
up €78,805 (+227%), from €34,766 to €113,571
mainly Depreciation (+€55,335) and Net result for the year (+€30,015)
- Tangible fixed assets -€38,525
down €38,525 (-1.8%), from €2.1m to €2.0m
of which Assets under construction and advance payments: -€19,784
- Reserves +€30,015
up €30,015 (+26.1%), from €114,926 to €144,941
of which Distributable reserves: +€30,015
- Gross operating margin +€20,918
up €20,918 (+13.6%), from €153,290 to €174,208
- Taxes +€6,495
up €6,495 (+136%), from €4,791 to €11,286
- Depreciation -€3,668
down €3,668 (-6.2%), from €59,002 to €55,335
- Staff costs +€2,030
up €2,030 (+3.1%), from €66,402 to €68,432
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 | €2,157,225 | €2,198,406 | +€41,181 | +1.9% |
| Fixed assets | 21/28 | €2,087,069 | €2,048,544 | -€38,525 | -1.8% |
| Tangible fixed assets | 22/27 | €2,087,069 | €2,048,544 | -€38,525 | -1.8% |
| Land and buildings | 22 | €1,970,021 | €1,951,280 | -€18,741 | -1.0% |
| Assets under construction and advance payments | 27 | €117,048 | €97,264 | -€19,784 | -16.9% |
| Current assets | 29/58 | €70,156 | €149,862 | +€79,707 | +114% |
| Amounts receivable within one year | 40/41 | €30,484 | €30,045 | -€439 | -1.4% |
| Trade receivables | 40 | €30,163 | €30,000 | -€163 | -0.5% |
| Other amounts receivable | 41 | €320 | €45 | -€275 | -86.0% |
| Cash at bank and in hand | 54/58 | €34,766 | €113,571 | +€78,805 | +227% |
| Deferred charges and accrued income | 490/1 | €4,906 | €6,247 | +€1,340 | +27.3% |
| Total equity and liabilities | 10/49 | €2,157,225 | €2,198,406 | +€41,181 | +1.9% |
| Equity | 10/15 | €1,514,926 | €1,544,941 | +€30,015 | +2.0% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €114,926 | €144,941 | +€30,015 | +26.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €114,926 | €144,941 | +€30,015 | +26.1% |
| Amounts payable | 17/49 | €642,298 | €653,465 | +€11,166 | +1.7% |
| Amounts payable within one year | 42/48 | €642,298 | €653,465 | +€11,166 | +1.7% |
| Trade debts | 44 | €9,105 | €5,311 | -€3,794 | -41.7% |
| Suppliers | 440/4 | €9,105 | €5,311 | -€3,794 | -41.7% |
| Taxes, remuneration and social security | 45 | €4,382 | €13,039 | +€8,657 | +198% |
| Taxes | 450/3 | €0 | €6,870 | +€6,870 | |
| Remuneration and social security | 454/9 | €4,382 | €6,169 | +€1,787 | +40.8% |
| Other amounts payable | 47/48 | €628,811 | €635,115 | +€6,304 | +1.0% |
| Remuneration, social security and pensions | 62 | €66,402 | €68,432 | +€2,030 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,002 | €55,335 | -€3,668 | -6.2% |
| Other operating charges | 640/8 | €2,352 | €2,510 | +€158 | +6.7% |
| Gross operating margin | 9900 | €153,290 | €174,208 | +€20,918 | +13.6% |
| Operating profit (loss) | 9901 | €25,533 | €47,931 | +€22,398 | +87.7% |
| Financial charges | 65/66B | €8,065 | €6,630 | -€1,434 | -17.8% |
| Recurring financial charges | 65 | €8,065 | €6,630 | -€1,434 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €17,469 | €41,301 | +€23,832 | +136% |
| Income taxes | 67/77 | €4,791 | €11,286 | +€6,495 | +136% |
| Profit (loss) for the period | 9904 | €12,678 | €30,015 | +€17,337 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €12,678 | €30,015 | +€17,337 | +137% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.