DEMIRTAS: 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.
DEMIRTAS
Largest movements
- Tangible fixed assets -€11,388
down €11,388 (-49.0%), from €23,250 to €11,861
of which Furniture and vehicles: -€10,995
- Receivables within one year -€9,118
down €9,118 (-18.5%), from €49,407 to €40,289
of which Other amounts receivable: -€10,561
- Deferred charges and accrued income +€2,100
new in 2025: €2,100
- Cash +€1,471
up €1,471 (+14.2%), from €10,358 to €11,829
mainly Receivables within one year (+€9,118) and Depreciation (+€7,299)
- Tax, wage and social debts -€10,088
down €10,088 (-51.0%), from €19,784 to €9,696
of which Taxes: -€9,658
- Debts after one year -€7,201
down €7,201 (-45.8%), from €15,729 to €8,528
- Reserves +€6,756
up €6,756 (+28.2%), from €23,917 to €30,674
- Current portion of long-term debt -€2,933
down €2,933 (-28.9%), from €10,134 to €7,201
- Accrued charges and deferred income -€2,575
no longer reported in 2025 (was €2,575)
- Gross operating margin +€5,407
up €5,407 (+32.4%), from €16,673 to €22,080
- Staff costs -€2,986
down €2,986 (-97.4%), from €3,066 to €80
- Financial charges +€2,346
up €2,346 (+286%), from €821 to €3,167
- Depreciation -€2,100
down €2,100 (-22.3%), from €9,399 to €7,299
- Financial income +€1,758
up €1,758 (+2,510,771%), from €0 to €1,758
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 | €83,015 | €66,080 | -€16,935 | -20.4% |
| Fixed assets | 21/28 | €23,250 | €11,861 | -€11,388 | -49.0% |
| Tangible fixed assets | 22/27 | €23,250 | €11,861 | -€11,388 | -49.0% |
| Plant, machinery and equipment | 23 | €394 | €0 | -€394 | -100% |
| Furniture and vehicles | 24 | €22,856 | €11,861 | -€10,995 | -48.1% |
| Current assets | 29/58 | €59,765 | €54,218 | -€5,547 | -9.3% |
| Amounts receivable within one year | 40/41 | €49,407 | €40,289 | -€9,118 | -18.5% |
| Trade receivables | 40 | €9,712 | €11,155 | +€1,443 | +14.9% |
| Other amounts receivable | 41 | €39,695 | €29,134 | -€10,561 | -26.6% |
| Cash at bank and in hand | 54/58 | €10,358 | €11,829 | +€1,471 | +14.2% |
| Deferred charges and accrued income | 490/1 | - | €2,100 | +€2,100 | |
| Total equity and liabilities | 10/49 | €83,015 | €66,080 | -€16,935 | -20.4% |
| Equity | 10/15 | €26,917 | €33,674 | +€6,756 | +25.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,917 | €30,674 | +€6,756 | +28.2% |
| Distributable reserves | 133 | €23,917 | €30,674 | +€6,756 | +28.2% |
| Amounts payable | 17/49 | €56,098 | €32,406 | -€23,692 | -42.2% |
| Amounts payable after more than one year | 17 | €15,729 | €8,528 | -€7,201 | -45.8% |
| Financial debts | 170/4 | €15,729 | €8,528 | -€7,201 | -45.8% |
| Amounts payable within one year | 42/48 | €37,794 | €23,878 | -€13,915 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €10,134 | €7,201 | -€2,933 | -28.9% |
| Trade debts | 44 | €6,981 | €6,981 | +€0 | 0.0% |
| Suppliers | 440/4 | €6,981 | €6,981 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €19,784 | €9,696 | -€10,088 | -51.0% |
| Taxes | 450/3 | €19,354 | €9,696 | -€9,658 | -49.9% |
| Remuneration and social security | 454/9 | €430 | - | -€430 | |
| Other amounts payable | 47/48 | €895 | - | -€895 | |
| Accrued charges and deferred income | 492/3 | €2,575 | - | -€2,575 | |
| Remuneration, social security and pensions | 62 | €3,066 | €80 | -€2,986 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,399 | €7,299 | -€2,100 | -22.3% |
| Other operating charges | 640/8 | €2,495 | €4,136 | +€1,641 | +65.8% |
| Gross operating margin | 9900 | €16,673 | €22,080 | +€5,407 | +32.4% |
| Operating profit (loss) | 9901 | €1,713 | €10,565 | +€8,852 | +517% |
| Financial income | 75/76B | €0 | €1,758 | +€1,758 | +2,510,771% |
| Recurring financial income | 75 | €0 | €1,758 | +€1,758 | +2,510,771% |
| Financial charges | 65/66B | €821 | €3,167 | +€2,346 | +286% |
| Recurring financial charges | 65 | €821 | €3,167 | +€2,346 | +286% |
| Profit (loss) for the period before taxes | 9903 | €892 | €9,155 | +€8,263 | +927% |
| Income taxes | 67/77 | €770 | €2,399 | +€1,629 | +211% |
| Profit (loss) for the period | 9904 | €121 | €6,756 | +€6,635 | +5,469% |
| Profit (loss) for the period to be appropriated | 9905 | €121 | €6,756 | +€6,635 | +5,469% |
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 28 October 2026 via checked.be.