DEMIR 72: 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.
DEMIR 72
Largest movements
- Receivables within one year +€10,948
up €10,948 (+49.0%), from €22,330 to €33,278
of which Other amounts receivable: +€13,331
- Deferred charges and accrued income -€3,409
no longer reported in 2025 (was €3,409)
- Cash -€2,569
down €2,569 (-96.6%), from €2,658 to €89
mainly Receivables within one year (-€10,948) and Trade debts (-€4,786)
- Tangible fixed assets -€1,521
down €1,521 (-9.4%), from €16,210 to €14,688
of which Furniture and vehicles: -€4,044
- Profit (loss) carried forward +€10,388
up €10,388 (+38.5%), from €27,007 to €37,395
- Trade debts -€4,786
no longer reported in 2025 (was €4,786)
- Current portion of long-term debt -€1,564
no longer reported in 2025 (was €1,564)
- Tax, wage and social debts -€590
no longer reported in 2025 (was €590)
- Staff costs -€14,621
no longer reported in 2025 (was €14,621)
- Financial income -€4,987
down €4,987 (-78.7%), from €6,338 to €1,351
of which Non-recurring financial income: -€4,479
- Taxes +€3,530
up €3,530 (+598.5%), from €590 to €4,120
- Gross operating margin +€3,418
up €3,418 (+19.5%), from €17,501 to €20,919
- Other operating charges +€2,374
up €2,374 (+330.3%), from €719 to €3,092
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 | €53,857 | €57,306 | +€3,448 | +6.4% |
| Fixed assets | 21/28 | €20,710 | €19,188 | -€1,521 | -7.3% |
| Tangible fixed assets | 22/27 | €16,210 | €14,688 | -€1,521 | -9.4% |
| Plant, machinery and equipment | 23 | €65 | €2,588 | +€2,523 | +3908.0% |
| Furniture and vehicles | 24 | €16,145 | €12,101 | -€4,044 | -25.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €33,148 | €38,117 | +€4,970 | +15.0% |
| Stocks and contracts in progress | 3 | €4,750 | €4,750 | = | 0.0% |
| Stocks | 30/36 | €4,750 | €4,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,330 | €33,278 | +€10,948 | +49.0% |
| Trade receivables | 40 | €2,383 | - | -€2,383 | |
| Other amounts receivable | 41 | €19,947 | €33,278 | +€13,331 | +66.8% |
| Cash at bank and in hand | 54/58 | €2,658 | €89 | -€2,569 | -96.6% |
| Deferred charges and accrued income | 490/1 | €3,409 | - | -€3,409 | |
| Total equity and liabilities | 10/49 | €53,857 | €57,306 | +€3,448 | +6.4% |
| Equity | 10/15 | €46,917 | €57,306 | +€10,388 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,311 | €1,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,311 | €1,311 | = | 0.0% |
| Legal reserve | 130 | €1,311 | €1,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,007 | €37,395 | +€10,388 | +38.5% |
| Amounts payable | 17/49 | €6,940 | - | -€6,940 | |
| Amounts payable within one year | 42/48 | €6,940 | - | -€6,940 | |
| Current portion of amounts payable after more than one year | 42 | €1,564 | - | -€1,564 | |
| Trade debts | 44 | €4,786 | - | -€4,786 | |
| Suppliers | 440/4 | €4,786 | - | -€4,786 | |
| Taxes, remuneration and social security | 45 | €590 | - | -€590 | |
| Taxes | 450/3 | €590 | - | -€590 | |
| Remuneration, social security and pensions | 62 | €14,621 | - | -€14,621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,501 | €4,411 | -€1,090 | -19.8% |
| Other operating charges | 640/8 | €719 | €3,092 | +€2,374 | +330.3% |
| Gross operating margin | 9900 | €17,501 | €20,919 | +€3,418 | +19.5% |
| Operating profit (loss) | 9901 | -€3,340 | €13,415 | +€16,755 | |
| Financial income | 75/76B | €6,338 | €1,351 | -€4,987 | -78.7% |
| Recurring financial income | 75 | €1,859 | €1,351 | -€508 | -27.3% |
| Non-recurring financial income | 76B | €4,479 | - | -€4,479 | |
| Financial charges | 65/66B | €307 | €257 | -€49 | -16.1% |
| Recurring financial charges | 65 | €307 | €257 | -€49 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €2,691 | €14,509 | +€11,818 | +439.2% |
| Income taxes | 67/77 | €590 | €4,120 | +€3,530 | +598.5% |
| Profit (loss) for the period | 9904 | €2,101 | €10,388 | +€8,287 | +394.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,101 | €10,388 | +€8,287 | +394.5% |
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 10 October 2026 via checked.be.