DEMIRCI: 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.
DEMIRCI
Largest movements
- Receivables within one year +€10,920
up €10,920 (+54.0%), from €20,218 to €31,138
of which Other amounts receivable: +€9,285
- Cash +€3,294
up €3,294 (+78.3%), from €4,208 to €7,503
mainly Tax, wage and social debts (+€9,165) and Net result for the year (+€6,383)
- Tangible fixed assets +€759
new in 2025: €759
- Tax, wage and social debts +€9,165
up €9,165 (+151%), from €6,059 to €15,224
of which Taxes: +€6,865
- Reserves +€6,383
up €6,383 (+50.4%), from €12,665 to €19,048
- Trade debts -€555
down €555 (-81.2%), from €683 to €128
- Gross operating margin -€6,936
down €6,936 (-35.8%), from €19,386 to €12,450
- Taxes -€2,139
down €2,139 (-42.3%), from €5,059 to €2,920
- Depreciation +€1,242
new in 2025: €1,242
- Financial charges +€373
up €373 (+565%), from €66 to €439
- Financial income +€275
new in 2025: €275
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 | €24,426 | €39,400 | +€14,974 | +61.3% |
| Fixed assets | 21/28 | - | €759 | +€759 | |
| Tangible fixed assets | 22/27 | - | €759 | +€759 | |
| Furniture and vehicles | 24 | - | €759 | +€759 | |
| Current assets | 29/58 | €24,426 | €38,641 | +€14,215 | +58.2% |
| Amounts receivable within one year | 40/41 | €20,218 | €31,138 | +€10,920 | +54.0% |
| Trade receivables | 40 | €19,600 | €21,236 | +€1,636 | +8.3% |
| Other amounts receivable | 41 | €618 | €9,903 | +€9,285 | +1,503% |
| Cash at bank and in hand | 54/58 | €4,208 | €7,503 | +€3,294 | +78.3% |
| Total equity and liabilities | 10/49 | €24,426 | €39,400 | +€14,974 | +61.3% |
| Equity | 10/15 | €17,665 | €24,048 | +€6,383 | +36.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,665 | €19,048 | +€6,383 | +50.4% |
| Distributable reserves | 133 | €12,665 | €19,048 | +€6,383 | +50.4% |
| Amounts payable | 17/49 | €6,761 | €15,352 | +€8,591 | +127% |
| Amounts payable within one year | 42/48 | €6,761 | €15,352 | +€8,591 | +127% |
| Trade debts | 44 | €683 | €128 | -€555 | -81.2% |
| Suppliers | 440/4 | €683 | €128 | -€555 | -81.2% |
| Taxes, remuneration and social security | 45 | €6,059 | €15,224 | +€9,165 | +151% |
| Taxes | 450/3 | €6,059 | €12,924 | +€6,865 | +113% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €19 | - | -€19 | |
| Remuneration, social security and pensions | 62 | €1,596 | €1,741 | +€145 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,242 | +€1,242 | |
| Gross operating margin | 9900 | €19,386 | €12,450 | -€6,936 | -35.8% |
| Operating profit (loss) | 9901 | €17,789 | €9,467 | -€8,323 | -46.8% |
| Financial income | 75/76B | - | €275 | +€275 | |
| Recurring financial income | 75 | - | €275 | +€275 | |
| Financial charges | 65/66B | €66 | €439 | +€373 | +565% |
| Recurring financial charges | 65 | €66 | €439 | +€373 | +565% |
| Profit (loss) for the period before taxes | 9903 | €17,724 | €9,303 | -€8,420 | -47.5% |
| Income taxes | 67/77 | €5,059 | €2,920 | -€2,139 | -42.3% |
| Profit (loss) for the period | 9904 | €12,665 | €6,383 | -€6,281 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,665 | €6,383 | -€6,281 | -49.6% |
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 22 October 2026 via checked.be.