DEMEYER: 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.
DEMEYER
Largest movements
- Tangible fixed assets -€16,082
down €16,082 (-5.5%), from €291,177 to €275,096
of which Plant, machinery and equipment: -€34,573
- Stocks and contracts +€8,401
up €8,401 (+39.3%), from €21,389 to €29,790
- Receivables within one year +€5,984
up €5,984 (+25.1%), from €23,885 to €29,870
of which Trade receivables: +€4,032
- Debts after one year -€30,735
down €30,735 (-12.8%), from €239,283 to €208,548
- Investment grants +€14,709
new in 2025: €14,709
- Tax, wage and social debts +€9,598
up €9,598 (+232%), from €4,131 to €13,729
of which Remuneration and social security: +€10,128
- Other debts -€7,396
down €7,396 (-28.5%), from €25,973 to €18,577
- Profit (loss) carried forward +€5,557
up €5,557 (+49.5%), from €11,221 to €16,778
- Staff costs +€38,827
up €38,827 (+93.4%), from €41,568 to €80,394
- Gross operating margin +€27,275
up €27,275 (+17.5%), from €155,593 to €182,868
- Depreciation +€1,903
up €1,903 (+2.5%), from €76,741 to €78,644
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 | €372,892 | €365,489 | -€7,403 | -2.0% |
| Fixed assets | 21/28 | €294,797 | €277,985 | -€16,812 | -5.7% |
| Intangible fixed assets | 21 | €3,380 | €2,649 | -€730 | -21.6% |
| Tangible fixed assets | 22/27 | €291,177 | €275,096 | -€16,082 | -5.5% |
| Plant, machinery and equipment | 23 | €192,788 | €158,215 | -€34,573 | -17.9% |
| Furniture and vehicles | 24 | €3,158 | €3,890 | +€732 | +23.2% |
| Leasing and similar rights | 25 | - | €18,662 | +€18,662 | |
| Other tangible fixed assets | 26 | €95,231 | €94,328 | -€903 | -0.9% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €78,095 | €87,504 | +€9,409 | +12.0% |
| Stocks and contracts in progress | 3 | €21,389 | €29,790 | +€8,401 | +39.3% |
| Stocks | 30/36 | €21,389 | €29,790 | +€8,401 | +39.3% |
| Amounts receivable within one year | 40/41 | €23,885 | €29,870 | +€5,984 | +25.1% |
| Trade receivables | 40 | €23,865 | €27,897 | +€4,032 | +16.9% |
| Other amounts receivable | 41 | €20 | €1,972 | +€1,952 | +9,761% |
| Cash at bank and in hand | 54/58 | €27,718 | €25,010 | -€2,708 | -9.8% |
| Deferred charges and accrued income | 490/1 | €5,103 | €2,835 | -€2,268 | -44.4% |
| Total equity and liabilities | 10/49 | €372,892 | €365,489 | -€7,403 | -2.0% |
| Equity | 10/15 | €29,821 | €50,086 | +€20,265 | +68.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,221 | €16,778 | +€5,557 | +49.5% |
| Investment grants | 15 | - | €14,709 | +€14,709 | |
| Amounts payable | 17/49 | €343,071 | €315,403 | -€27,668 | -8.1% |
| Amounts payable after more than one year | 17 | €239,283 | €208,548 | -€30,735 | -12.8% |
| Financial debts | 170/4 | €239,283 | €208,548 | -€30,735 | -12.8% |
| Amounts payable within one year | 42/48 | €103,713 | €104,535 | +€822 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €50,120 | €48,871 | -€1,250 | -2.5% |
| Trade debts | 44 | €23,489 | €23,359 | -€130 | -0.6% |
| Suppliers | 440/4 | €23,489 | €23,359 | -€130 | -0.6% |
| Taxes, remuneration and social security | 45 | €4,131 | €13,729 | +€9,598 | +232% |
| Taxes | 450/3 | €530 | - | -€530 | |
| Remuneration and social security | 454/9 | €3,601 | €13,729 | +€10,128 | +281% |
| Other amounts payable | 47/48 | €25,973 | €18,577 | -€7,396 | -28.5% |
| Accrued charges and deferred income | 492/3 | €74 | €2,319 | +€2,245 | +3,033% |
| Remuneration, social security and pensions | 62 | €41,568 | €80,394 | +€38,827 | +93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,741 | €78,644 | +€1,903 | +2.5% |
| Other operating charges | 640/8 | €2,931 | €3,768 | +€837 | +28.6% |
| Gross operating margin | 9900 | €155,593 | €182,868 | +€27,275 | +17.5% |
| Operating profit (loss) | 9901 | €34,354 | €20,061 | -€14,293 | -41.6% |
| Financial income | 75/76B | €39 | €1,725 | +€1,686 | +4,300% |
| Recurring financial income | 75 | €39 | €1,725 | +€1,686 | +4,300% |
| Financial charges | 65/66B | €15,049 | €16,230 | +€1,181 | +7.8% |
| Recurring financial charges | 65 | €15,049 | €16,230 | +€1,181 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €19,345 | €5,557 | -€13,788 | -71.3% |
| Profit (loss) for the period | 9904 | €19,345 | €5,557 | -€13,788 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,345 | €5,557 | -€13,788 | -71.3% |
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 15 October 2026 via checked.be.