DEMOLCO: 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.
DEMOLCO
Largest movements
- Receivables within one year -€17,754
down €17,754 (-31.5%), from €56,344 to €38,590
of which Trade receivables: -€15,752
- Tangible fixed assets -€12,802
down €12,802 (-14.9%), from €86,037 to €73,235
of which Furniture and vehicles: -€11,235
- Cash -€10,358
down €10,358 (-31.0%), from €33,446 to €23,089
mainly Contributions, distributions and other (-€54,429) and Debts after one year (-€12,487)
- Reserves -€23,891
down €23,891 (-21.5%), from €111,218 to €87,327
of which Distributable reserves: -€23,891
- Debts after one year -€12,487
down €12,487 (-38.8%), from €32,215 to €19,729
- Current portion of long-term debt -€5,121
down €5,121 (-29.1%), from €17,608 to €12,487
- Other debts +€2,596
up €2,596, from €0 to €2,596
- Depreciation +€9,744
up €9,744 (+112%), from €8,674 to €18,419
- Gross operating margin +€7,034
up €7,034 (+12.6%), from €55,670 to €62,704
- Taxes +€1,083
up €1,083 (+10.8%), from €10,020 to €11,103
- Financial charges +€630
up €630 (+46.3%), from €1,360 to €1,990
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 | €178,485 | €136,333 | -€42,152 | -23.6% |
| Fixed assets | 21/28 | €87,057 | €73,855 | -€13,202 | -15.2% |
| Intangible fixed assets | 21 | €1,021 | €621 | -€400 | -39.2% |
| Tangible fixed assets | 22/27 | €86,037 | €73,235 | -€12,802 | -14.9% |
| Plant, machinery and equipment | 23 | €14,331 | €12,764 | -€1,567 | -10.9% |
| Furniture and vehicles | 24 | €71,706 | €60,471 | -€11,235 | -15.7% |
| Current assets | 29/58 | €91,428 | €62,477 | -€28,950 | -31.7% |
| Stocks and contracts in progress | 3 | €599 | €599 | = | 0.0% |
| Stocks | 30/36 | €599 | €599 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,344 | €38,590 | -€17,754 | -31.5% |
| Trade receivables | 40 | €54,342 | €38,590 | -€15,752 | -29.0% |
| Other amounts receivable | 41 | €2,002 | €0 | -€2,002 | -100% |
| Cash at bank and in hand | 54/58 | €33,446 | €23,089 | -€10,358 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,038 | €200 | -€838 | -80.7% |
| Total equity and liabilities | 10/49 | €178,485 | €136,333 | -€42,152 | -23.6% |
| Equity | 10/15 | €112,218 | €88,327 | -€23,891 | -21.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €111,218 | €87,327 | -€23,891 | -21.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €111,218 | €87,327 | -€23,891 | -21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,267 | €48,006 | -€18,261 | -27.6% |
| Amounts payable after more than one year | 17 | €32,215 | €19,729 | -€12,487 | -38.8% |
| Financial debts | 170/4 | €32,215 | €19,729 | -€12,487 | -38.8% |
| Amounts payable within one year | 42/48 | €34,051 | €28,277 | -€5,774 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €17,608 | €12,487 | -€5,121 | -29.1% |
| Financial debts | 43 | €883 | €0 | -€883 | -100% |
| Credit institutions | 430/8 | €883 | €0 | -€883 | -100% |
| Trade debts | 44 | €9,068 | €7,317 | -€1,751 | -19.3% |
| Suppliers | 440/4 | €9,068 | €7,317 | -€1,751 | -19.3% |
| Taxes, remuneration and social security | 45 | €6,492 | €5,878 | -€614 | -9.5% |
| Taxes | 450/3 | €6,492 | €5,878 | -€614 | -9.5% |
| Other amounts payable | 47/48 | €0 | €2,596 | +€2,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,674 | €18,419 | +€9,744 | +112% |
| Other operating charges | 640/8 | €774 | €658 | -€115 | -14.9% |
| Non-recurring operating charges | 66A | €5,875 | €0 | -€5,875 | -100% |
| Gross operating margin | 9900 | €55,670 | €62,704 | +€7,034 | +12.6% |
| Operating profit (loss) | 9901 | €40,346 | €43,626 | +€3,280 | +8.1% |
| Financial income | 75/76B | €10 | €4 | -€6 | -59.3% |
| Recurring financial income | 75 | €10 | €4 | -€6 | -59.3% |
| Financial charges | 65/66B | €1,360 | €1,990 | +€630 | +46.3% |
| Recurring financial charges | 65 | €1,360 | €1,990 | +€630 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €38,997 | €41,641 | +€2,644 | +6.8% |
| Income taxes | 67/77 | €10,020 | €11,103 | +€1,083 | +10.8% |
| Profit (loss) for the period | 9904 | €28,977 | €30,538 | +€1,561 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,977 | €30,538 | +€1,561 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.