DEMIR DUMAN: 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 DUMAN
Largest movements
- Receivables within one year +€5,786
up €5,786 (+164%), from €3,525 to €9,311
of which Other amounts receivable: +€6,497
- Tangible fixed assets -€3,450
down €3,450 (-2.4%), from €143,915 to €140,465
of which Land and buildings: -€2,939
- Cash +€2,140
up €2,140 (+319%), from €671 to €2,810
mainly Other debts (+€118,372) and Trade debts (+€11,704)
- Other debts +€118,372
up €118,372 (+396%), from €29,922 to €148,293
- Tax, wage and social debts -€59,576
down €59,576 (-92.2%), from €64,607 to €5,031
of which Taxes: -€57,527
- Profit (loss) carried forward -€53,948
down €53,948 (-9.1%), from -€594,856 to -€648,804
- Trade debts +€11,704
up €11,704 (+36.5%), from €32,049 to €43,753
- Current portion of long-term debt -€8,373
no longer reported in 2024 (was €8,373)
- Gross operating margin -€38,415
down €38,415, from €29,508 to -€8,907
- Financial charges -€5,583
down €5,583 (-70.9%), from €7,878 to €2,295
- Other operating charges -€3,407
down €3,407 (-59.9%), from €5,683 to €2,276
- Staff costs +€1,106
up €1,106 (+3.1%), from €35,915 to €37,020
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,128 | €162,758 | +€4,629 | +2.9% |
| Fixed assets | 21/28 | €151,520 | €148,070 | -€3,450 | -2.3% |
| Tangible fixed assets | 22/27 | €143,915 | €140,465 | -€3,450 | -2.4% |
| Land and buildings | 22 | €143,404 | €140,465 | -€2,939 | -2.0% |
| Plant, machinery and equipment | 23 | €511 | - | -€511 | |
| Financial fixed assets | 28 | €7,605 | €7,605 | = | 0.0% |
| Current assets | 29/58 | €6,609 | €14,688 | +€8,079 | +122% |
| Stocks and contracts in progress | 3 | €2,413 | €2,567 | +€154 | +6.4% |
| Stocks | 30/36 | €2,413 | €2,567 | +€154 | +6.4% |
| Amounts receivable within one year | 40/41 | €3,525 | €9,311 | +€5,786 | +164% |
| Trade receivables | 40 | €711 | - | -€711 | |
| Other amounts receivable | 41 | €2,814 | €9,311 | +€6,497 | +231% |
| Cash at bank and in hand | 54/58 | €671 | €2,810 | +€2,140 | +319% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €158,128 | €162,758 | +€4,629 | +2.9% |
| Equity | 10/15 | €9,631 | -€44,317 | -€53,948 | |
| Contributions | 10/11 | €506,200 | €506,200 | = | 0.0% |
| Revaluation surpluses | 12 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €28,286 | €28,286 | = | 0.0% |
| Distributable reserves | 133 | €28,286 | €28,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€594,856 | -€648,804 | -€53,948 | -9.1% |
| Amounts payable | 17/49 | €148,497 | €207,075 | +€58,578 | +39.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €144,949 | €207,075 | +€62,126 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €8,373 | - | -€8,373 | |
| Financial debts | 43 | €9,998 | €9,998 | = | 0.0% |
| Credit institutions | 430/8 | €9,998 | €9,998 | = | 0.0% |
| Trade debts | 44 | €32,049 | €43,753 | +€11,704 | +36.5% |
| Suppliers | 440/4 | €32,049 | €43,753 | +€11,704 | +36.5% |
| Taxes, remuneration and social security | 45 | €64,607 | €5,031 | -€59,576 | -92.2% |
| Taxes | 450/3 | €60,219 | €2,692 | -€57,527 | -95.5% |
| Remuneration and social security | 454/9 | €4,388 | €2,339 | -€2,049 | -46.7% |
| Other amounts payable | 47/48 | €29,922 | €148,293 | +€118,372 | +396% |
| Accrued charges and deferred income | 492/3 | €3,548 | - | -€3,548 | |
| Remuneration, social security and pensions | 62 | €35,915 | €37,020 | +€1,106 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,435 | €3,450 | +€15 | +0.4% |
| Other operating charges | 640/8 | €5,683 | €2,276 | -€3,407 | -59.9% |
| Non-recurring operating charges | 66A | €7,659 | - | -€7,659 | |
| Gross operating margin | 9900 | €29,508 | -€8,907 | -€38,415 | |
| Operating profit (loss) | 9901 | -€23,184 | -€51,654 | -€28,469 | -123% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €7,878 | €2,295 | -€5,583 | -70.9% |
| Recurring financial charges | 65 | €7,878 | €2,295 | -€5,583 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,017 | -€53,948 | -€22,931 | -73.9% |
| Profit (loss) for the period | 9904 | -€31,017 | -€53,948 | -€22,931 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,017 | -€53,948 | -€22,931 | -73.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.