Demolar: 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.
Demolar
Largest movements
- Receivables within one year +€21,335
up €21,335 (+7.9%), from €271,020 to €292,355
of which Trade receivables: +€11,468
- Tangible fixed assets +€5,738
up €5,738 (+9.4%), from €60,913 to €66,651
of which Furniture and vehicles: +€3,563
- Profit (loss) carried forward +€38,528
up €38,528 (+17.3%), from €222,412 to €260,940
- Tax, wage and social debts -€23,682
down €23,682 (-58.1%), from €40,769 to €17,087
- Other debts +€10,603
up €10,603 (+23.3%), from €45,542 to €56,146
- Trade debts +€4,553
up €4,553 (+117.0%), from €3,891 to €8,444
- Debts after one year -€3,872
down €3,872 (-14.2%), from €27,308 to €23,436
- Financial charges +€19,291
up €19,291 (+498.1%), from €3,873 to €23,164
- Taxes -€9,681
down €9,681 (-39.9%), from €24,252 to €14,570
- Gross operating margin +€8,003
up €8,003 (+9.8%), from €81,559 to €89,561
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 | €351,318 | €377,940 | +€26,622 | +7.6% |
| Fixed assets | 21/28 | €60,913 | €66,651 | +€5,738 | +9.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €60,913 | €66,651 | +€5,738 | +9.4% |
| Land and buildings | 22 | €60,913 | €63,088 | +€2,175 | +3.6% |
| Furniture and vehicles | 24 | - | €3,563 | +€3,563 | |
| Current assets | 29/58 | €290,405 | €311,289 | +€20,884 | +7.2% |
| Amounts receivable within one year | 40/41 | €271,020 | €292,355 | +€21,335 | +7.9% |
| Trade receivables | 40 | €12,802 | €24,269 | +€11,468 | +89.6% |
| Other amounts receivable | 41 | €258,219 | €268,086 | +€9,868 | +3.8% |
| Cash at bank and in hand | 54/58 | €9,926 | €8,590 | -€1,336 | -13.5% |
| Deferred charges and accrued income | 490/1 | €9,459 | €10,344 | +€885 | +9.4% |
| Total equity and liabilities | 10/49 | €351,318 | €377,940 | +€26,622 | +7.6% |
| Equity | 10/15 | €227,412 | €265,940 | +€38,528 | +16.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,412 | €260,940 | +€38,528 | +17.3% |
| Amounts payable | 17/49 | €123,906 | €112,000 | -€11,906 | -9.6% |
| Amounts payable after more than one year | 17 | €27,308 | €23,436 | -€3,872 | -14.2% |
| Financial debts | 170/4 | €27,308 | €23,436 | -€3,872 | -14.2% |
| Amounts payable within one year | 42/48 | €93,963 | €85,548 | -€8,415 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €3,761 | €3,872 | +€111 | +3.0% |
| Trade debts | 44 | €3,891 | €8,444 | +€4,553 | +117.0% |
| Suppliers | 440/4 | €3,891 | €8,444 | +€4,553 | +117.0% |
| Taxes, remuneration and social security | 45 | €40,769 | €17,087 | -€23,682 | -58.1% |
| Taxes | 450/3 | €40,769 | €17,087 | -€23,682 | -58.1% |
| Other amounts payable | 47/48 | €45,542 | €56,146 | +€10,603 | +23.3% |
| Accrued charges and deferred income | 492/3 | €2,635 | €3,016 | +€381 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,850 | €3,092 | +€242 | +8.5% |
| Other operating charges | 640/8 | €1,961 | €2,259 | +€298 | +15.2% |
| Gross operating margin | 9900 | €81,559 | €89,561 | +€8,003 | +9.8% |
| Operating profit (loss) | 9901 | €76,748 | €84,210 | +€7,463 | +9.7% |
| Financial income | 75/76B | €4,217 | €4,552 | +€335 | +7.9% |
| Recurring financial income | 75 | €4,217 | €4,552 | +€335 | +7.9% |
| Financial charges | 65/66B | €3,873 | €23,164 | +€19,291 | +498.1% |
| Recurring financial charges | 65 | €3,873 | €23,164 | +€19,291 | +498.1% |
| Profit (loss) for the period before taxes | 9903 | €77,092 | €65,599 | -€11,493 | -14.9% |
| Income taxes | 67/77 | €24,252 | €14,570 | -€9,681 | -39.9% |
| Profit (loss) for the period | 9904 | €52,840 | €51,028 | -€1,811 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,840 | €51,028 | -€1,811 | -3.4% |
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 7 October 2026 via checked.be.