DEMIROS: 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.
DEMIROS
Largest movements
- Tangible fixed assets +€3,244
up €3,244 (+8.7%), from €37,469 to €40,713
of which Furniture and vehicles: +€7,029
- Cash -€2,530
down €2,530 (-29.1%), from €8,699 to €6,169
mainly Investment in fixed assets (net) (-€20,661) and Tax, wage and social debts (-€10,480)
- Stocks and contracts -€2,444
down €2,444 (-25.0%), from €9,783 to €7,338
- Receivables within one year +€1,853
up €1,853 (+18.1%), from €10,263 to €12,116
of which Other amounts receivable: +€4,388
- Debts after one year +€17,332
new in 2025: €17,332
- Tax, wage and social debts -€10,480
down €10,480 (-66.0%), from €15,867 to €5,387
- Other debts -€7,180
down €7,180 (-20.9%), from €34,356 to €27,175
- Current portion of long-term debt +€5,731
new in 2025: €5,731
- Trade debts -€2,952
down €2,952 (-46.1%), from €6,411 to €3,458
- Gross operating margin -€18,382
down €18,382 (-45.7%), from €40,185 to €21,803
- Staff costs -€9,696
down €9,696 (-93.0%), from €10,429 to €733
- Other operating charges +€1,691
up €1,691 (+52.7%), from €3,208 to €4,899
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 | €66,213 | €66,336 | +€123 | +0.2% |
| Fixed assets | 21/28 | €37,469 | €40,713 | +€3,244 | +8.7% |
| Tangible fixed assets | 22/27 | €37,469 | €40,713 | +€3,244 | +8.7% |
| Land and buildings | 22 | €6,897 | €3,612 | -€3,285 | -47.6% |
| Plant, machinery and equipment | 23 | €1,000 | €500 | -€500 | -50.0% |
| Furniture and vehicles | 24 | €29,572 | €36,601 | +€7,029 | +23.8% |
| Current assets | 29/58 | €28,744 | €25,624 | -€3,121 | -10.9% |
| Stocks and contracts in progress | 3 | €9,783 | €7,338 | -€2,444 | -25.0% |
| Stocks | 30/36 | €9,783 | €7,338 | -€2,444 | -25.0% |
| Amounts receivable within one year | 40/41 | €10,263 | €12,116 | +€1,853 | +18.1% |
| Trade receivables | 40 | €9,462 | €6,927 | -€2,534 | -26.8% |
| Other amounts receivable | 41 | €801 | €5,189 | +€4,388 | +547.8% |
| Cash at bank and in hand | 54/58 | €8,699 | €6,169 | -€2,530 | -29.1% |
| Total equity and liabilities | 10/49 | €66,213 | €66,336 | +€123 | +0.2% |
| Equity | 10/15 | €9,580 | €7,252 | -€2,328 | -24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,563 | €20,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,703 | €18,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,183 | -€19,511 | -€2,328 | -13.5% |
| Amounts payable | 17/49 | €56,634 | €59,085 | +€2,451 | +4.3% |
| Amounts payable after more than one year | 17 | - | €17,332 | +€17,332 | |
| Financial debts | 170/4 | - | €17,332 | +€17,332 | |
| Amounts payable within one year | 42/48 | €56,634 | €41,753 | -€14,881 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,731 | +€5,731 | |
| Trade debts | 44 | €6,411 | €3,458 | -€2,952 | -46.1% |
| Suppliers | 440/4 | €6,411 | €3,458 | -€2,952 | -46.1% |
| Taxes, remuneration and social security | 45 | €15,867 | €5,387 | -€10,480 | -66.0% |
| Taxes | 450/3 | €15,867 | €5,387 | -€10,480 | -66.0% |
| Other amounts payable | 47/48 | €34,356 | €27,175 | -€7,180 | -20.9% |
| Remuneration, social security and pensions | 62 | €10,429 | €733 | -€9,696 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,219 | €17,418 | +€199 | +1.2% |
| Other operating charges | 640/8 | €3,208 | €4,899 | +€1,691 | +52.7% |
| Gross operating margin | 9900 | €40,185 | €21,803 | -€18,382 | -45.7% |
| Operating profit (loss) | 9901 | €9,329 | -€1,247 | -€10,576 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +2305.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2305.0% |
| Financial charges | 65/66B | €195 | €461 | +€266 | +136.1% |
| Recurring financial charges | 65 | €195 | €461 | +€266 | +136.1% |
| Profit (loss) for the period before taxes | 9903 | €9,134 | -€1,703 | -€10,838 | |
| Income taxes | 67/77 | €370 | €625 | +€255 | +68.9% |
| Profit (loss) for the period | 9904 | €8,764 | -€2,328 | -€11,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,764 | -€2,328 | -€11,092 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.