DEMIR ELEC: 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 ELEC
Largest movements
- Cash -€13,305
down €13,305 (-46.0%), from €28,953 to €15,649
mainly Net result for the year (-€22,802) and Receivables within one year (-€5,528)
- Receivables within one year +€5,528
up €5,528 (+124%), from €4,457 to €9,985
of which Trade receivables: +€5,501
- Stocks and contracts +€3,575
up €3,575 (+59.1%), from €6,050 to €9,625
- Tangible fixed assets -€1,500
no longer reported in 2025 (was €1,500)
of which Furniture and vehicles: -€1,300
- Profit (loss) carried forward -€22,802
down €22,802, from €21,084 to -€1,718
- Tax, wage and social debts +€13,276
up €13,276 (+245%), from €5,423 to €18,699
of which Remuneration and social security: +€8,567
- Advances received +€3,950
up €3,950 (+376%), from €1,050 to €5,000
- Staff costs +€42,167
up €42,167 (+562%), from €7,505 to €49,672
- Gross operating margin +€20,193
up €20,193 (+243%), from €8,293 to €28,487
- Taxes -€1,399
no longer reported in 2025 (was €1,399)
- Other operating charges -€791
no longer reported in 2025 (was €791)
- Depreciation -€740
down €740 (-33.0%), from €2,240 to €1,500
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 | €41,861 | €36,159 | -€5,701 | -13.6% |
| Fixed assets | 21/28 | €2,400 | €900 | -€1,500 | -62.5% |
| Tangible fixed assets | 22/27 | €1,500 | - | -€1,500 | |
| Plant, machinery and equipment | 23 | €200 | - | -€200 | |
| Furniture and vehicles | 24 | €1,300 | - | -€1,300 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €39,461 | €35,259 | -€4,201 | -10.6% |
| Stocks and contracts in progress | 3 | €6,050 | €9,625 | +€3,575 | +59.1% |
| Stocks | 30/36 | €6,050 | €9,625 | +€3,575 | +59.1% |
| Amounts receivable within one year | 40/41 | €4,457 | €9,985 | +€5,528 | +124% |
| Trade receivables | 40 | €3,868 | €9,369 | +€5,501 | +142% |
| Other amounts receivable | 41 | €589 | €616 | +€27 | +4.6% |
| Cash at bank and in hand | 54/58 | €28,953 | €15,649 | -€13,305 | -46.0% |
| Total equity and liabilities | 10/49 | €41,861 | €36,159 | -€5,701 | -13.6% |
| Equity | 10/15 | €34,634 | €11,832 | -€22,802 | -65.8% |
| Contributions | 10/11 | €13,550 | €13,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,084 | -€1,718 | -€22,802 | |
| Amounts payable | 17/49 | €7,227 | €24,328 | +€17,101 | +237% |
| Amounts payable within one year | 42/48 | €7,227 | €24,328 | +€17,101 | +237% |
| Trade debts | 44 | €222 | - | -€222 | |
| Suppliers | 440/4 | €222 | - | -€222 | |
| Advances received on contracts in progress | 46 | €1,050 | €5,000 | +€3,950 | +376% |
| Taxes, remuneration and social security | 45 | €5,423 | €18,699 | +€13,276 | +245% |
| Taxes | 450/3 | €905 | €5,614 | +€4,709 | +520% |
| Remuneration and social security | 454/9 | €4,518 | €13,085 | +€8,567 | +190% |
| Other amounts payable | 47/48 | €532 | €629 | +€96 | +18.1% |
| Remuneration, social security and pensions | 62 | €7,505 | €49,672 | +€42,167 | +562% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,240 | €1,500 | -€740 | -33.0% |
| Other operating charges | 640/8 | €791 | - | -€791 | |
| Gross operating margin | 9900 | €8,293 | €28,487 | +€20,193 | +243% |
| Operating profit (loss) | 9901 | -€2,242 | -€22,686 | -€20,443 | -912% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €124 | €117 | -€6 | -5.0% |
| Recurring financial charges | 65 | €124 | €117 | -€6 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,366 | -€22,802 | -€20,436 | -864% |
| Income taxes | 67/77 | €1,399 | - | -€1,399 | |
| Profit (loss) for the period | 9904 | -€3,765 | -€22,802 | -€19,037 | -506% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,765 | -€22,802 | -€19,037 | -506% |
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 19 October 2026 via checked.be.