DEMIROK: 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.
DEMIROK
Largest movements
- Stocks and contracts +€70,653
up €70,653 (+18.6%), from €380,686 to €451,340
- Receivables within one year -€26,044
down €26,044 (-27.7%), from €94,179 to €68,135
of which Trade receivables: -€15,839
- Profit (loss) carried forward +€117,039
up €117,039 (+37.4%), from €313,150 to €430,190
- Trade debts -€115,266
down €115,266 (-52.8%), from €218,475 to €103,209
- Tax, wage and social debts +€48,731
up €48,731 (+114.1%), from €42,718 to €91,449
of which Taxes: +€39,704
- Gross operating margin +€54,168
up €54,168 (+34.2%), from €158,228 to €212,396
- Taxes +€13,505
up €13,505 (+43.8%), from €30,836 to €44,341
- Staff costs +€6,983
up €6,983 (+19.6%), from €35,552 to €42,535
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 | €624,468 | €671,732 | +€47,265 | +7.6% |
| Fixed assets | 21/28 | €14,086 | €10,807 | -€3,278 | -23.3% |
| Tangible fixed assets | 22/27 | €14,086 | €10,807 | -€3,278 | -23.3% |
| Plant, machinery and equipment | 23 | €4,798 | €5,775 | +€976 | +20.3% |
| Furniture and vehicles | 24 | €9,287 | €5,033 | -€4,254 | -45.8% |
| Current assets | 29/58 | €610,382 | €660,925 | +€50,543 | +8.3% |
| Stocks and contracts in progress | 3 | €380,686 | €451,340 | +€70,653 | +18.6% |
| Stocks | 30/36 | €380,686 | €451,340 | +€70,653 | +18.6% |
| Amounts receivable within one year | 40/41 | €94,179 | €68,135 | -€26,044 | -27.7% |
| Trade receivables | 40 | €82,565 | €66,726 | -€15,839 | -19.2% |
| Other amounts receivable | 41 | €11,614 | €1,409 | -€10,205 | -87.9% |
| Cash at bank and in hand | 54/58 | €135,516 | €141,450 | +€5,933 | +4.4% |
| Total equity and liabilities | 10/49 | €624,468 | €671,732 | +€47,265 | +7.6% |
| Equity | 10/15 | €333,610 | €450,650 | +€117,039 | +35.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,150 | €430,190 | +€117,039 | +37.4% |
| Amounts payable | 17/49 | €290,857 | €221,082 | -€69,775 | -24.0% |
| Amounts payable after more than one year | 17 | €2,091 | - | -€2,091 | |
| Financial debts | 170/4 | €2,091 | - | -€2,091 | |
| Amounts payable within one year | 42/48 | €288,766 | €221,082 | -€67,684 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €4,961 | €2,091 | -€2,870 | -57.9% |
| Trade debts | 44 | €218,475 | €103,209 | -€115,266 | -52.8% |
| Suppliers | 440/4 | €218,475 | €103,209 | -€115,266 | -52.8% |
| Taxes, remuneration and social security | 45 | €42,718 | €91,449 | +€48,731 | +114.1% |
| Taxes | 450/3 | €39,221 | €78,925 | +€39,704 | +101.2% |
| Remuneration and social security | 454/9 | €3,497 | €12,524 | +€9,027 | +258.2% |
| Other amounts payable | 47/48 | €22,613 | €24,334 | +€1,721 | +7.6% |
| Remuneration, social security and pensions | 62 | €35,552 | €42,535 | +€6,983 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,655 | €5,772 | +€117 | +2.1% |
| Other operating charges | 640/8 | €1,362 | €1,015 | -€347 | -25.5% |
| Gross operating margin | 9900 | €158,228 | €212,396 | +€54,168 | +34.2% |
| Operating profit (loss) | 9901 | €115,660 | €163,074 | +€47,415 | +41.0% |
| Financial charges | 65/66B | €2,180 | €1,694 | -€486 | -22.3% |
| Recurring financial charges | 65 | €2,180 | €1,694 | -€486 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €113,480 | €161,380 | +€47,900 | +42.2% |
| Income taxes | 67/77 | €30,836 | €44,341 | +€13,505 | +43.8% |
| Profit (loss) for the period | 9904 | €82,643 | €117,039 | +€34,396 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,643 | €117,039 | +€34,396 | +41.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.