DEMIRDAG: what changed
Two fiscal 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.
DEMIRDAG
Largest movements
- Receivables within one year -€19,744
down €19,744 (-41.7%), from €47,372 to €27,629
of which Trade receivables: -€21,841
- Tangible fixed assets -€10,511
down €10,511 (-32.7%), from €32,109 to €21,597
- Cash -€2,527
down €2,527 (-40.2%), from €6,285 to €3,757
mainly Net result for the year (-€19,134) and Tax, wage and social debts (-€10,318)
- Deferred charges and accrued income -€2,196
down €2,196 (-89.6%), from €2,450 to €254
- Profit (loss) carried forward -€19,134
down €19,134 (-62.0%), from €30,868 to €11,734
- Tax, wage and social debts -€10,318
down €10,318 (-65.5%), from €15,748 to €5,429
of which Taxes: -€7,354
- Debts after one year -€7,822
down €7,822 (-34.5%), from €22,647 to €14,825
- Trade debts +€3,675
up €3,675 (+140.0%), from €2,624 to €6,299
- Current portion of long-term debt -€2,903
down €2,903 (-29.5%), from €9,854 to €6,951
- Gross operating margin -€16,547
down €16,547 (-89.3%), from €18,524 to €1,977
- Staff costs +€4,690
new in 2024: €4,690
- Depreciation +€3,244
up €3,244 (+44.6%), from €7,268 to €10,511
- Financial income +€420
up €420 (+2098200.0%), from €0 to €420
- Taxes -€297
down €297 (-9.7%), from €3,061 to €2,765
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.
Cash bridge derived
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 | €88,215 | €53,237 | -€34,979 | -39.7% |
| Fixed assets | 21/28 | €32,109 | €21,597 | -€10,511 | -32.7% |
| Tangible fixed assets | 22/27 | €32,109 | €21,597 | -€10,511 | -32.7% |
| Leasing and similar rights | 25 | €32,109 | €21,597 | -€10,511 | -32.7% |
| Current assets | 29/58 | €56,107 | €31,640 | -€24,467 | -43.6% |
| Amounts receivable within one year | 40/41 | €47,372 | €27,629 | -€19,744 | -41.7% |
| Trade receivables | 40 | €47,120 | €25,279 | -€21,841 | -46.4% |
| Other amounts receivable | 41 | €252 | €2,350 | +€2,097 | +831.3% |
| Cash at bank and in hand | 54/58 | €6,285 | €3,757 | -€2,527 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,450 | €254 | -€2,196 | -89.6% |
| Total equity and liabilities | 10/49 | €88,215 | €53,237 | -€34,979 | -39.7% |
| Equity | 10/15 | €37,068 | €17,934 | -€19,134 | -51.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,868 | €11,734 | -€19,134 | -62.0% |
| Amounts payable | 17/49 | €51,148 | €35,303 | -€15,845 | -31.0% |
| Amounts payable after more than one year | 17 | €22,647 | €14,825 | -€7,822 | -34.5% |
| Financial debts | 170/4 | €22,647 | €14,825 | -€7,822 | -34.5% |
| Amounts payable within one year | 42/48 | €28,501 | €20,478 | -€8,023 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €9,854 | €6,951 | -€2,903 | -29.5% |
| Trade debts | 44 | €2,624 | €6,299 | +€3,675 | +140.0% |
| Suppliers | 440/4 | €2,624 | €6,299 | +€3,675 | +140.0% |
| Advances received on contracts in progress | 46 | - | €360 | +€360 | |
| Taxes, remuneration and social security | 45 | €15,748 | €5,429 | -€10,318 | -65.5% |
| Taxes | 450/3 | €11,748 | €4,394 | -€7,354 | -62.6% |
| Remuneration and social security | 454/9 | €4,000 | €1,036 | -€2,964 | -74.1% |
| Other amounts payable | 47/48 | €275 | €1,439 | +€1,164 | +423.9% |
| Remuneration, social security and pensions | 62 | - | €4,690 | +€4,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,268 | €10,511 | +€3,244 | +44.6% |
| Other operating charges | 640/8 | €1,759 | €1,691 | -€68 | -3.9% |
| Gross operating margin | 9900 | €18,524 | €1,977 | -€16,547 | -89.3% |
| Operating profit (loss) | 9901 | €9,498 | -€14,915 | -€24,413 | |
| Financial income | 75/76B | €0 | €420 | +€420 | +2098200.0% |
| Recurring financial income | 75 | €0 | €420 | +€420 | +2098200.0% |
| Financial charges | 65/66B | €1,602 | €1,873 | +€271 | +16.9% |
| Recurring financial charges | 65 | €1,602 | €1,873 | +€271 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €7,896 | -€16,369 | -€24,265 | |
| Income taxes | 67/77 | €3,061 | €2,765 | -€297 | -9.7% |
| Profit (loss) for the period | 9904 | €4,835 | -€19,134 | -€23,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,835 | -€19,134 | -€23,968 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.