DEMOL DORIAN: 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.
DEMOL DORIAN
Largest movements
- Tangible fixed assets +€25,550
up €25,550 (+7.9%), from €325,452 to €351,002
of which Leasing and similar rights: +€56,575
- Stocks and contracts +€15,250
up €15,250 (+185%), from €8,250 to €23,500
- Receivables within one year -€10,460
down €10,460 (-4.3%), from €242,811 to €232,351
of which Other amounts receivable: -€12,927
- Cash -€7,347
down €7,347 (-89.9%), from €8,171 to €823
mainly Investment in fixed assets (net) (-€61,544) and Short-term financial debts (-€49,731)
- Short-term financial debts -€49,731
down €49,731 (-85.4%), from €58,217 to €8,486
- Other debts +€43,725
up €43,725 (+23,544%), from €186 to €43,911
- Debts after one year +€22,867
up €22,867 (+8.0%), from €284,813 to €307,680
- Tax, wage and social debts -€6,212
down €6,212 (-78.9%), from €7,878 to €1,666
of which Taxes: -€6,212
- Gross operating margin +€61,372
up €61,372 (+359%), from €17,112 to €78,484
- Other operating charges +€14,293
up €14,293 (+176%), from €8,137 to €22,431
- Financial charges +€9,997
up €9,997 (+101%), from €9,872 to €19,869
- Depreciation -€7,831
down €7,831 (-17.9%), from €43,825 to €35,994
- Financial income -€2,926
down €2,926 (-87.3%), from €3,353 to €426
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 | €585,754 | €607,681 | +€21,927 | +3.7% |
| Fixed assets | 21/28 | €325,452 | €351,002 | +€25,550 | +7.9% |
| Tangible fixed assets | 22/27 | €325,452 | €351,002 | +€25,550 | +7.9% |
| Land and buildings | 22 | €283,778 | €269,056 | -€14,722 | -5.2% |
| Plant, machinery and equipment | 23 | €6,018 | €5,781 | -€237 | -3.9% |
| Furniture and vehicles | 24 | €35,656 | €19,591 | -€16,065 | -45.1% |
| Leasing and similar rights | 25 | - | €56,575 | +€56,575 | |
| Current assets | 29/58 | €260,302 | €256,679 | -€3,623 | -1.4% |
| Stocks and contracts in progress | 3 | €8,250 | €23,500 | +€15,250 | +185% |
| Stocks | 30/36 | €8,250 | €23,500 | +€15,250 | +185% |
| Amounts receivable within one year | 40/41 | €242,811 | €232,351 | -€10,460 | -4.3% |
| Trade receivables | 40 | €206,215 | €208,682 | +€2,467 | +1.2% |
| Other amounts receivable | 41 | €36,596 | €23,669 | -€12,927 | -35.3% |
| Cash at bank and in hand | 54/58 | €8,171 | €823 | -€7,347 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,070 | €5 | -€1,065 | -99.5% |
| Total equity and liabilities | 10/49 | €585,754 | €607,681 | +€21,927 | +3.7% |
| Equity | 10/15 | €186,608 | €187,185 | +€577 | +0.3% |
| Contributions | 10/11 | €11,093 | €11,093 | = | 0.0% |
| Reserves | 13 | €175,515 | €176,092 | +€577 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €175,515 | €176,092 | +€577 | +0.3% |
| Amounts payable | 17/49 | €399,146 | €420,496 | +€21,350 | +5.3% |
| Amounts payable after more than one year | 17 | €284,813 | €307,680 | +€22,867 | +8.0% |
| Financial debts | 170/4 | €284,813 | €307,680 | +€22,867 | +8.0% |
| Amounts payable within one year | 42/48 | €114,078 | €112,816 | -€1,262 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €25,870 | €30,825 | +€4,956 | +19.2% |
| Financial debts | 43 | €58,217 | €8,486 | -€49,731 | -85.4% |
| Credit institutions | 430/8 | €58,217 | €8,486 | -€49,731 | -85.4% |
| Trade debts | 44 | €21,927 | €27,927 | +€6,000 | +27.4% |
| Suppliers | 440/4 | €21,927 | €27,927 | +€6,000 | +27.4% |
| Taxes, remuneration and social security | 45 | €7,878 | €1,666 | -€6,212 | -78.9% |
| Taxes | 450/3 | €7,878 | €1,666 | -€6,212 | -78.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €186 | €43,911 | +€43,725 | +23,544% |
| Accrued charges and deferred income | 492/3 | €255 | €0 | -€255 | -100% |
| Non-recurring operating income | 76A | €0 | €8,279 | +€8,279 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,825 | €35,994 | -€7,831 | -17.9% |
| Other operating charges | 640/8 | €8,137 | €22,431 | +€14,293 | +176% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | €17,112 | €78,484 | +€61,372 | +359% |
| Operating profit (loss) | 9901 | -€34,850 | €20,060 | +€54,910 | |
| Financial income | 75/76B | €3,353 | €426 | -€2,926 | -87.3% |
| Recurring financial income | 75 | €3,353 | €426 | -€2,926 | -87.3% |
| Financial charges | 65/66B | €9,872 | €19,869 | +€9,997 | +101% |
| Recurring financial charges | 65 | €9,872 | €19,869 | +€9,997 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€41,369 | €617 | +€41,986 | |
| Income taxes | 67/77 | €508 | €39 | -€469 | -92.3% |
| Profit (loss) for the period | 9904 | -€41,877 | €577 | +€42,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,877 | €577 | +€42,455 |
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 25 October 2026 via checked.be.