Demol: 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.
Demol
Largest movements
- Tangible fixed assets -€56,434
down €56,434 (-16.3%), from €346,869 to €290,435
of which Furniture and vehicles: -€34,924
- Cash +€31,783
up €31,783 (+81.1%), from €39,214 to €70,997
mainly Depreciation (+€76,372) and Other debts (+€15,092)
- Debts after one year -€56,171
down €56,171 (-22.9%), from €245,130 to €188,958
- Other debts +€15,092
up €15,092 (+44.8%), from €33,659 to €48,751
- Trade debts +€8,715
up €8,715 (+180.4%), from €4,830 to €13,545
- Reserves +€7,857
up €7,857 (+23.4%), from €33,619 to €41,475
- Depreciation +€15,319
up €15,319 (+25.1%), from €61,052 to €76,372
- Financial income +€2,760
up €2,760 (+1481.0%), from €186 to €2,947
of which Non-recurring financial income: +€2,654
- Gross operating margin +€1,846
up €1,846 (+1.8%), from €105,278 to €107,124
- Other operating charges -€1,236
down €1,236 (-14.4%), from €8,582 to €7,346
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 | €397,103 | €372,857 | -€24,246 | -6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €346,904 | €290,470 | -€56,434 | -16.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €346,869 | €290,435 | -€56,434 | -16.3% |
| Land and buildings | 22 | €140,943 | €113,928 | -€27,015 | -19.2% |
| Plant, machinery and equipment | 23 | €46,583 | €46,554 | -€29 | -0.1% |
| Furniture and vehicles | 24 | €153,773 | €118,849 | -€34,924 | -22.7% |
| Other tangible fixed assets | 26 | €5,570 | €11,103 | +€5,534 | +99.4% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €50,199 | €82,388 | +€32,189 | +64.1% |
| Amounts receivable within one year | 40/41 | €4,353 | €3,617 | -€736 | -16.9% |
| Trade receivables | 40 | €853 | €3,617 | +€2,764 | +324.2% |
| Other amounts receivable | 41 | €3,500 | - | -€3,500 | |
| Cash at bank and in hand | 54/58 | €39,214 | €70,997 | +€31,783 | +81.1% |
| Deferred charges and accrued income | 490/1 | €6,632 | €7,773 | +€1,141 | +17.2% |
| Total equity and liabilities | 10/49 | €397,103 | €372,857 | -€24,246 | -6.1% |
| Equity | 10/15 | €53,847 | €61,703 | +€7,857 | +14.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €33,619 | €41,475 | +€7,857 | +23.4% |
| Distributable reserves | 133 | €33,619 | €41,475 | +€7,857 | +23.4% |
| Profit (loss) carried forward | 14 | €14,031 | €14,031 | = | 0.0% |
| Amounts payable | 17/49 | €343,256 | €311,154 | -€32,102 | -9.4% |
| Amounts payable after more than one year | 17 | €245,130 | €188,958 | -€56,171 | -22.9% |
| Financial debts | 170/4 | €245,130 | €188,958 | -€56,171 | -22.9% |
| Amounts payable within one year | 42/48 | €98,127 | €122,196 | +€24,069 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €56,825 | €58,979 | +€2,154 | +3.8% |
| Trade debts | 44 | €4,830 | €13,545 | +€8,715 | +180.4% |
| Suppliers | 440/4 | €4,830 | €13,545 | +€8,715 | +180.4% |
| Taxes, remuneration and social security | 45 | €2,812 | €920 | -€1,892 | -67.3% |
| Taxes | 450/3 | €2,812 | €920 | -€1,892 | -67.3% |
| Other amounts payable | 47/48 | €33,659 | €48,751 | +€15,092 | +44.8% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,052 | €76,372 | +€15,319 | +25.1% |
| Other operating charges | 640/8 | €8,582 | €7,346 | -€1,236 | -14.4% |
| Gross operating margin | 9900 | €105,278 | €107,124 | +€1,846 | +1.8% |
| Operating profit (loss) | 9901 | €35,643 | €23,406 | -€12,238 | -34.3% |
| Financial income | 75/76B | €186 | €2,947 | +€2,760 | +1481.0% |
| Recurring financial income | 75 | €186 | €293 | +€106 | +57.1% |
| Non-recurring financial income | 76B | - | €2,654 | +€2,654 | |
| Financial charges | 65/66B | €12,608 | €12,068 | -€540 | -4.3% |
| Recurring financial charges | 65 | €11,683 | €12,048 | +€365 | +3.1% |
| Non-recurring financial charges | 66B | €925 | €20 | -€905 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €23,222 | €14,284 | -€8,938 | -38.5% |
| Income taxes | 67/77 | €4,334 | €4,028 | -€306 | -7.1% |
| Profit (loss) for the period | 9904 | €18,888 | €10,257 | -€8,631 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,888 | €10,257 | -€8,631 | -45.7% |
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 8 October 2026 via checked.be.