DEMIRO: 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.
DEMIRO
Largest movements
- Tangible fixed assets -€5,075
down €5,075 (-2.5%), from €205,370 to €200,294
- Reserves -€3,464
down €3,464 (-2.1%), from €167,612 to €164,148
of which Tax-exempt reserves: -€3,464
- Profit (loss) carried forward -€2,981
down €2,981 (-16.4%), from -€18,138 to -€21,119
- Gross operating margin +€1,252
up €1,252 (+55.3%), from -€2,265 to -€1,013
- Other operating charges +€196
up €196 (+10.2%), from €1,922 to €2,118
- Financial income -€90
down €90 (-11.3%), from €800 to €710
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.
Cash bridge derived
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 | €229,789 | €222,189 | -€7,600 | -3.3% |
| Fixed assets | 21/28 | €205,370 | €200,294 | -€5,075 | -2.5% |
| Tangible fixed assets | 22/27 | €205,370 | €200,294 | -€5,075 | -2.5% |
| Land and buildings | 22 | €205,370 | €200,294 | -€5,075 | -2.5% |
| Current assets | 29/58 | €24,420 | €21,895 | -€2,525 | -10.3% |
| Amounts receivable within one year | 40/41 | €15,247 | €13,126 | -€2,121 | -13.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,247 | €13,126 | -€2,121 | -13.9% |
| Cash at bank and in hand | 54/58 | €9,172 | €8,769 | -€404 | -4.4% |
| Total equity and liabilities | 10/49 | €229,789 | €222,189 | -€7,600 | -3.3% |
| Equity | 10/15 | €180,461 | €174,016 | -€6,446 | -3.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €167,612 | €164,148 | -€3,464 | -2.1% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,984 | €144,520 | -€3,464 | -2.3% |
| Distributable reserves | 133 | €16,529 | €16,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,138 | -€21,119 | -€2,981 | -16.4% |
| Provisions and deferred taxes | 16 | €49,328 | €48,173 | -€1,155 | -2.3% |
| Deferred taxes | 168 | €49,328 | €48,173 | -€1,155 | -2.3% |
| Amounts payable | 17/49 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,075 | €5,075 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,922 | €2,118 | +€196 | +10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,265 | -€1,013 | +€1,252 | +55.3% |
| Operating profit (loss) | 9901 | -€9,262 | -€8,206 | +€1,056 | +11.4% |
| Financial income | 75/76B | €800 | €710 | -€90 | -11.3% |
| Recurring financial income | 75 | €800 | €710 | -€90 | -11.3% |
| Financial charges | 65/66B | €103 | €104 | +€1 | +0.6% |
| Recurring financial charges | 65 | €103 | €104 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,566 | -€7,600 | +€965 | +11.3% |
| Transfer from deferred taxes | 780 | €1,155 | €1,155 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,411 | -€6,446 | +€965 | +13.0% |
| Transfer from tax-exempt reserves | 789 | €3,464 | €3,464 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,946 | -€2,981 | +€965 | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.