Demeuter: 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.
Demeuter
Largest movements
- Receivables within one year -€32,793
down €32,793 (-86.6%), from €37,869 to €5,075
of which Trade receivables: -€17,391
- Current investments +€22,170
up €22,170 (+111%), from €20,003 to €42,173
- Tangible fixed assets -€3,813
down €3,813 (-14.7%), from €25,919 to €22,106
of which Other tangible fixed assets: -€3,564
- Deferred charges and accrued income -€3,388
down €3,388 (-73.5%), from €4,609 to €1,221
- Cash -€1,440
down €1,440 (-3.3%), from €44,158 to €42,717
mainly Contributions, distributions and other (-€45,000) and Trade debts (-€24,469)
- Trade debts -€24,469
down €24,469 (-90.0%), from €27,189 to €2,721
- Tax, wage and social debts +€17,251
up €17,251 (+64.8%), from €26,634 to €43,885
of which Taxes: +€14,801
- Other debts -€12,507
down €12,507 (-21.6%), from €58,000 to €45,493
- Gross operating margin -€10,593
down €10,593 (-12.3%), from €86,011 to €75,418
- Taxes +€4,347
up €4,347 (+26.9%), from €16,138 to €20,485
- Other operating charges -€3,648
down €3,648 (-65.1%), from €5,606 to €1,958
- Financial charges +€1,253
up €1,253 (+40.2%), from €3,115 to €4,368
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 | €132,857 | €113,592 | -€19,265 | -14.5% |
| Fixed assets | 21/28 | €26,219 | €22,406 | -€3,813 | -14.5% |
| Tangible fixed assets | 22/27 | €25,919 | €22,106 | -€3,813 | -14.7% |
| Furniture and vehicles | 24 | €2,501 | €2,251 | -€250 | -10.0% |
| Other tangible fixed assets | 26 | €23,419 | €19,855 | -€3,564 | -15.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €106,638 | €91,186 | -€15,452 | -14.5% |
| Amounts receivable within one year | 40/41 | €37,869 | €5,075 | -€32,793 | -86.6% |
| Trade receivables | 40 | €17,679 | €288 | -€17,391 | -98.4% |
| Other amounts receivable | 41 | €20,189 | €4,787 | -€15,402 | -76.3% |
| Current investments | 50/53 | €20,003 | €42,173 | +€22,170 | +111% |
| Cash at bank and in hand | 54/58 | €44,158 | €42,717 | -€1,440 | -3.3% |
| Deferred charges and accrued income | 490/1 | €4,609 | €1,221 | -€3,388 | -73.5% |
| Total equity and liabilities | 10/49 | €132,857 | €113,592 | -€19,265 | -14.5% |
| Equity | 10/15 | €21,034 | €21,094 | +€60 | +0.3% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €629 | €689 | +€60 | +9.6% |
| Amounts payable | 17/49 | €111,824 | €92,498 | -€19,325 | -17.3% |
| Amounts payable within one year | 42/48 | €111,824 | €92,099 | -€19,725 | -17.6% |
| Trade debts | 44 | €27,189 | €2,721 | -€24,469 | -90.0% |
| Suppliers | 440/4 | €27,189 | €2,721 | -€24,469 | -90.0% |
| Taxes, remuneration and social security | 45 | €26,634 | €43,885 | +€17,251 | +64.8% |
| Taxes | 450/3 | €26,634 | €41,435 | +€14,801 | +55.6% |
| Remuneration and social security | 454/9 | - | €2,450 | +€2,450 | |
| Other amounts payable | 47/48 | €58,000 | €45,493 | -€12,507 | -21.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €4,726 | +€541 | +12.9% |
| Other operating charges | 640/8 | €5,606 | €1,958 | -€3,648 | -65.1% |
| Gross operating margin | 9900 | €86,011 | €75,418 | -€10,593 | -12.3% |
| Operating profit (loss) | 9901 | €76,220 | €68,735 | -€7,485 | -9.8% |
| Financial income | 75/76B | €1,016 | €1,179 | +€163 | +16.0% |
| Recurring financial income | 75 | €1,016 | €1,179 | +€163 | +16.0% |
| Financial charges | 65/66B | €3,115 | €4,368 | +€1,253 | +40.2% |
| Recurring financial charges | 65 | €3,115 | €4,368 | +€1,253 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €74,121 | €65,545 | -€8,575 | -11.6% |
| Income taxes | 67/77 | €16,138 | €20,485 | +€4,347 | +26.9% |
| Profit (loss) for the period | 9904 | €57,983 | €45,060 | -€12,923 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,983 | €45,060 | -€12,923 | -22.3% |
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 16 October 2026 via checked.be.