DEMEY: 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.
DEMEY
Largest movements
- Tangible fixed assets -€49,879
down €49,879 (-14.1%), from €353,167 to €303,288
- Cash -€48,262
down €48,262 (-51.0%), from €94,683 to €46,421
mainly Net result for the year (-€67,447) and Stocks and contracts (-€30,133)
- Stocks and contracts +€30,133
up €30,133 (+38.2%), from €78,787 to €108,921
of which Stocks: +€89,683
- Receivables within one year +€15,474
up €15,474 (+16.5%), from €94,053 to €109,527
of which Other amounts receivable: +€10,331
- Profit (loss) carried forward -€67,447
down €67,447 (-20.0%), from €337,535 to €270,088
- Trade debts +€26,530
up €26,530 (+49.0%), from €54,120 to €80,650
- Tax, wage and social debts -€8,836
no longer reported in 2025 (was €8,836)
- Gross operating margin -€116,601
down €116,601 (-63.3%), from €184,338 to €67,737
- Staff costs -€31,480
down €31,480 (-29.4%), from €107,206 to €75,726
- Depreciation -€12,790
down €12,790 (-19.9%), from €64,313 to €51,522
- Financial income -€4,927
down €4,927 (-89.4%), from €5,515 to €587
- Financial charges -€3,788
down €3,788 (-33.1%), from €11,460 to €7,673
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.
Cash bridge derived
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 | €654,214 | €601,680 | -€52,535 | -8.0% |
| Fixed assets | 21/28 | €353,167 | €303,288 | -€49,879 | -14.1% |
| Tangible fixed assets | 22/27 | €353,167 | €303,288 | -€49,879 | -14.1% |
| Land and buildings | 22 | €257,267 | €233,767 | -€23,499 | -9.1% |
| Plant, machinery and equipment | 23 | €28,437 | €22,632 | -€5,805 | -20.4% |
| Furniture and vehicles | 24 | €67,464 | €46,888 | -€20,575 | -30.5% |
| Current assets | 29/58 | €301,047 | €298,392 | -€2,655 | -0.9% |
| Amounts receivable after more than one year | 29 | €33,524 | €33,524 | = | 0.0% |
| Other amounts receivable | 291 | €33,524 | €33,524 | = | 0.0% |
| Stocks and contracts in progress | 3 | €78,787 | €108,921 | +€30,133 | +38.2% |
| Stocks | 30/36 | €19,237 | €108,921 | +€89,683 | +466.2% |
| Contracts in progress | 37 | €59,550 | - | -€59,550 | |
| Amounts receivable within one year | 40/41 | €94,053 | €109,527 | +€15,474 | +16.5% |
| Trade receivables | 40 | €94,053 | €99,196 | +€5,143 | +5.5% |
| Other amounts receivable | 41 | - | €10,331 | +€10,331 | |
| Cash at bank and in hand | 54/58 | €94,683 | €46,421 | -€48,262 | -51.0% |
| Total equity and liabilities | 10/49 | €654,214 | €601,680 | -€52,535 | -8.0% |
| Equity | 10/15 | €376,394 | €308,947 | -€67,447 | -17.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €32,662 | €32,662 | = | 0.0% |
| Distributable reserves | 133 | €32,662 | €32,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | €337,535 | €270,088 | -€67,447 | -20.0% |
| Amounts payable | 17/49 | €277,820 | €292,733 | +€14,913 | +5.4% |
| Amounts payable after more than one year | 17 | €179,693 | €173,367 | -€6,326 | -3.5% |
| Financial debts | 170/4 | €179,693 | €173,367 | -€6,326 | -3.5% |
| Amounts payable within one year | 42/48 | €98,127 | €118,991 | +€20,864 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €34,811 | €33,695 | -€1,116 | -3.2% |
| Trade debts | 44 | €54,120 | €80,650 | +€26,530 | +49.0% |
| Suppliers | 440/4 | €54,120 | €80,650 | +€26,530 | +49.0% |
| Taxes, remuneration and social security | 45 | €8,836 | - | -€8,836 | |
| Taxes | 450/3 | €8,836 | - | -€8,836 | |
| Other amounts payable | 47/48 | €360 | €4,646 | +€4,286 | +1189.3% |
| Accrued charges and deferred income | 492/3 | - | €375 | +€375 | |
| Remuneration, social security and pensions | 62 | €107,206 | €75,726 | -€31,480 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,313 | €51,522 | -€12,790 | -19.9% |
| Other operating charges | 640/8 | €2,373 | €3,036 | +€663 | +27.9% |
| Gross operating margin | 9900 | €184,338 | €67,737 | -€116,601 | -63.3% |
| Operating profit (loss) | 9901 | €10,446 | -€62,548 | -€72,994 | |
| Financial income | 75/76B | €5,515 | €587 | -€4,927 | -89.4% |
| Recurring financial income | 75 | €5,515 | €587 | -€4,927 | -89.4% |
| Financial charges | 65/66B | €11,460 | €7,673 | -€3,788 | -33.1% |
| Recurring financial charges | 65 | €11,460 | €7,673 | -€3,788 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €4,500 | -€69,633 | -€74,134 | |
| Income taxes | 67/77 | €1,334 | -€2,186 | -€3,520 | |
| Profit (loss) for the period | 9904 | €3,166 | -€67,447 | -€70,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,166 | -€67,447 | -€70,614 |
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 12 October 2026 via checked.be.