Demirel Trans: 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.
Demirel Trans
Largest movements
- Receivables within one year +€41,645
up €41,645 (+68.2%), from €61,033 to €102,678
of which Trade receivables: +€32,642
- Tangible fixed assets -€11,043
down €11,043 (-22.0%), from €50,220 to €39,177
of which Leasing and similar rights: -€11,582
- Cash -€10,550
down €10,550 (-33.2%), from €31,803 to €21,253
mainly Receivables within one year (-€41,645) and Trade debts (-€27,525)
- Deferred charges and accrued income +€8,359
new in 2025: €8,359
- Tax, wage and social debts +€43,066
up €43,066 (+299%), from €14,418 to €57,485
of which Remuneration and social security: +€31,191
- Profit (loss) carried forward +€30,488
up €30,488 (+369%), from €8,265 to €38,752
- Trade debts -€27,525
down €27,525 (-50.7%), from €54,250 to €26,725
- Debts after one year -€14,731
down €14,731 (-45.7%), from €32,263 to €17,533
- Current portion of long-term debt -€5,252
down €5,252 (-24.7%), from €21,270 to €16,018
- Staff costs +€43,318
up €43,318 (+41.2%), from €105,015 to €148,333
- Gross operating margin +€35,459
up €35,459 (+18.3%), from €193,673 to €229,132
- Depreciation -€21,417
down €21,417 (-57.9%), from €36,960 to €15,543
- Other operating charges -€11,242
down €11,242 (-28.4%), from €39,582 to €28,340
- Taxes -€8,567
down €8,567, from €5,848 to -€2,720
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 | €143,465 | €172,012 | +€28,546 | +19.9% |
| Fixed assets | 21/28 | €50,630 | €39,722 | -€10,908 | -21.5% |
| Tangible fixed assets | 22/27 | €50,220 | €39,177 | -€11,043 | -22.0% |
| Plant, machinery and equipment | 23 | €99 | - | -€99 | |
| Furniture and vehicles | 24 | €10,847 | €11,485 | +€638 | +5.9% |
| Leasing and similar rights | 25 | €39,274 | €27,692 | -€11,582 | -29.5% |
| Financial fixed assets | 28 | €410 | €545 | +€135 | +32.9% |
| Current assets | 29/58 | €92,835 | €132,290 | +€39,454 | +42.5% |
| Amounts receivable within one year | 40/41 | €61,033 | €102,678 | +€41,645 | +68.2% |
| Trade receivables | 40 | €23,983 | €56,625 | +€32,642 | +136% |
| Other amounts receivable | 41 | €37,049 | €46,053 | +€9,004 | +24.3% |
| Cash at bank and in hand | 54/58 | €31,803 | €21,253 | -€10,550 | -33.2% |
| Deferred charges and accrued income | 490/1 | - | €8,359 | +€8,359 | |
| Total equity and liabilities | 10/49 | €143,465 | €172,012 | +€28,546 | +19.9% |
| Equity | 10/15 | €21,265 | €51,752 | +€30,488 | +143% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,265 | €38,752 | +€30,488 | +369% |
| Amounts payable | 17/49 | €122,201 | €120,259 | -€1,941 | -1.6% |
| Amounts payable after more than one year | 17 | €32,263 | €17,533 | -€14,731 | -45.7% |
| Financial debts | 170/4 | €32,263 | €17,533 | -€14,731 | -45.7% |
| Amounts payable within one year | 42/48 | €89,938 | €102,727 | +€12,789 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €21,270 | €16,018 | -€5,252 | -24.7% |
| Trade debts | 44 | €54,250 | €26,725 | -€27,525 | -50.7% |
| Suppliers | 440/4 | €54,250 | €26,725 | -€27,525 | -50.7% |
| Taxes, remuneration and social security | 45 | €14,418 | €57,485 | +€43,066 | +299% |
| Taxes | 450/3 | €10,690 | €22,565 | +€11,875 | +111% |
| Remuneration and social security | 454/9 | €3,728 | €34,919 | +€31,191 | +837% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €105,015 | €148,333 | +€43,318 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,960 | €15,543 | -€21,417 | -57.9% |
| Other operating charges | 640/8 | €39,582 | €28,340 | -€11,242 | -28.4% |
| Gross operating margin | 9900 | €193,673 | €229,132 | +€35,459 | +18.3% |
| Operating profit (loss) | 9901 | €12,116 | €36,915 | +€24,799 | +205% |
| Financial income | 75/76B | €20 | €28 | +€8 | +39.8% |
| Recurring financial income | 75 | €20 | €28 | +€8 | +39.8% |
| Financial charges | 65/66B | €6,274 | €9,175 | +€2,901 | +46.2% |
| Recurring financial charges | 65 | €5,577 | €9,175 | +€3,599 | +64.5% |
| Non-recurring financial charges | 66B | €698 | - | -€698 | |
| Profit (loss) for the period before taxes | 9903 | €5,862 | €27,768 | +€21,907 | +374% |
| Income taxes | 67/77 | €5,848 | -€2,720 | -€8,567 | |
| Profit (loss) for the period | 9904 | €14 | €30,488 | +€30,474 | +216,741% |
| Profit (loss) for the period to be appropriated | 9905 | €14 | €30,488 | +€30,474 | +216,741% |
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 25 October 2026 via checked.be.