DEMOL REIZEN: 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 REIZEN
Largest movements
- Cash +€19,742
up €19,742 (+6.4%), from €309,730 to €329,472
mainly Net result for the year (+€36,120) and Depreciation (+€16,756)
- Tangible fixed assets -€15,856
down €15,856 (-23.1%), from €68,737 to €52,881
- Reserves +€36,120
up €36,120 (+13.8%), from €262,559 to €298,679
of which Distributable reserves: +€36,120
- Trade debts -€33,718
down €33,718 (-93.3%), from €36,121 to €2,403
- Advances received +€9,787
up €9,787 (+51.6%), from €18,974 to €28,761
- Other debts -€7,841
down €7,841 (-48.4%), from €16,212 to €8,371
- Gross operating margin +€22,997
up €22,997 (+62.6%), from €36,749 to €59,746
- Taxes +€2,771
up €2,771 (+92.8%), from €2,987 to €5,758
- Depreciation +€2,604
up €2,604 (+18.4%), from €14,152 to €16,756
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 | €385,924 | €390,272 | +€4,348 | +1.1% |
| Fixed assets | 21/28 | €68,737 | €52,881 | -€15,856 | -23.1% |
| Tangible fixed assets | 22/27 | €68,737 | €52,881 | -€15,856 | -23.1% |
| Furniture and vehicles | 24 | €68,737 | €52,881 | -€15,856 | -23.1% |
| Current assets | 29/58 | €317,187 | €337,391 | +€20,204 | +6.4% |
| Amounts receivable within one year | 40/41 | €5,857 | €7,919 | +€2,062 | +35.2% |
| Other amounts receivable | 41 | €5,857 | €7,919 | +€2,062 | +35.2% |
| Cash at bank and in hand | 54/58 | €309,730 | €329,472 | +€19,742 | +6.4% |
| Deferred charges and accrued income | 490/1 | €1,600 | - | -€1,600 | |
| Total equity and liabilities | 10/49 | €385,924 | €390,272 | +€4,348 | +1.1% |
| Equity | 10/15 | €314,617 | €350,737 | +€36,120 | +11.5% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Capital | 10 | €52,058 | €52,058 | = | 0.0% |
| Issued capital | 100 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €262,559 | €298,679 | +€36,120 | +13.8% |
| Non-distributable reserves | 130/1 | €5,206 | €5,206 | = | 0.0% |
| Legal reserve | 130 | €5,206 | €5,206 | = | 0.0% |
| Distributable reserves | 133 | €257,353 | €293,473 | +€36,120 | +14.0% |
| Amounts payable | 17/49 | €71,307 | €39,535 | -€31,772 | -44.6% |
| Amounts payable within one year | 42/48 | €71,307 | €39,535 | -€31,772 | -44.6% |
| Trade debts | 44 | €36,121 | €2,403 | -€33,718 | -93.3% |
| Suppliers | 440/4 | €36,121 | €2,403 | -€33,718 | -93.3% |
| Advances received on contracts in progress | 46 | €18,974 | €28,761 | +€9,787 | +51.6% |
| Other amounts payable | 47/48 | €16,212 | €8,371 | -€7,841 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,152 | €16,756 | +€2,604 | +18.4% |
| Other operating charges | 640/8 | €1,850 | €1,406 | -€444 | -24.0% |
| Gross operating margin | 9900 | €36,749 | €59,746 | +€22,997 | +62.6% |
| Operating profit (loss) | 9901 | €20,747 | €41,584 | +€20,837 | +100% |
| Financial income | 75/76B | €1,177 | €1,180 | +€3 | +0.3% |
| Recurring financial income | 75 | €1,177 | €1,180 | +€3 | +0.3% |
| Financial charges | 65/66B | €980 | €886 | -€94 | -9.6% |
| Recurring financial charges | 65 | €980 | €886 | -€94 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €20,944 | €41,878 | +€20,934 | +100.0% |
| Income taxes | 67/77 | €2,987 | €5,758 | +€2,771 | +92.8% |
| Profit (loss) for the period | 9904 | €17,957 | €36,120 | +€18,163 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €17,957 | €36,120 | +€18,163 | +101% |
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 30 October 2026 via checked.be.