DEMOULIN MARC: what changed
What changed
DEMOULIN MARC
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€2,803
2024 · €33,982-€31,179
Equity
€72,294
2024 · €69,492+€2,803
Cash
€141,922
2024 · €171,243-€29,320
Balance sheet total
€339,952
2024 · €405,972-€66,020
Largest movements
Assets
- Tangible fixed assets -€31,717
down €31,717 (-18.7%), from €169,681 to €137,964
of which Other tangible fixed assets: -€31,760
- Cash -€29,320
down €29,320 (-17.1%), from €171,243 to €141,922
mainly Debts after one year (-€28,162) and Tax, wage and social debts (-€26,443)
Equity and liabilities
- Debts after one year -€28,162
down €28,162 (-25.5%), from €110,536 to €82,373
- Tax, wage and social debts -€26,443
down €26,443 (-33.3%), from €79,360 to €52,917
of which Remuneration and social security: -€20,521
- Trade debts -€13,011
down €13,011 (-15.5%), from €83,755 to €70,744
- Current portion of long-term debt -€10,063
down €10,063 (-16.0%), from €62,829 to €52,766
- Accrued charges and deferred income +€8,858
new in 2025: €8,858
Income statement
- Gross operating margin -€48,369
down €48,369 (-11.2%), from €432,890 to €384,520
- Staff costs -€18,143
down €18,143 (-5.4%), from €337,934 to €319,791
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,982
Gross operating margin
-€48,369
Staff costs
+€18,143
Depreciation
-€2,164
Other operating charges
+€1,795
Financial income
+€22
Financial charges
+€770
Taxes
-€1,376
Result 2025
€2,803
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,572
Investment
-€14,667
Financing
-€38,226
Cash 2024
€171,243
From operations (derived)
+€23,572
Net result for the year
+€2,803
Depreciation
+€46,384
Stocks and contracts
+€750
Receivables within one year
+€1,588
Deferred charges and accrued income
+€2,644
Trade debts
-€13,011
Tax, wage and social debts
-€26,443
Accrued charges and deferred income
+€8,858
Investment (derived)
-€14,667
Investment in fixed assets (net)
-€14,667
Financing
-€38,226
Debts after one year
-€28,162
Current portion of long-term debt
-€10,063
Cash 2025
€141,922
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,972 | €339,952 | -€66,020 | -16.3% |
| Fixed assets | 21/28 | €172,539 | €140,822 | -€31,717 | -18.4% |
| Tangible fixed assets | 22/27 | €169,681 | €137,964 | -€31,717 | -18.7% |
| Plant, machinery and equipment | 23 | €14,862 | €14,383 | -€479 | -3.2% |
| Furniture and vehicles | 24 | €1,018 | €1,539 | +€521 | +51.2% |
| Other tangible fixed assets | 26 | €153,802 | €122,042 | -€31,760 | -20.6% |
| Financial fixed assets | 28 | €2,857 | €2,857 | = | 0.0% |
| Current assets | 29/58 | €233,433 | €199,131 | -€34,302 | -14.7% |
| Stocks and contracts in progress | 3 | €17,250 | €16,500 | -€750 | -4.3% |
| Stocks | 30/36 | €17,250 | €16,500 | -€750 | -4.3% |
| Amounts receivable within one year | 40/41 | €39,734 | €38,146 | -€1,588 | -4.0% |
| Trade receivables | 40 | €4,836 | €3,395 | -€1,441 | -29.8% |
| Other amounts receivable | 41 | €34,898 | €34,751 | -€147 | -0.4% |
| Cash at bank and in hand | 54/58 | €171,243 | €141,922 | -€29,320 | -17.1% |
| Deferred charges and accrued income | 490/1 | €5,206 | €2,562 | -€2,644 | -50.8% |
| Total equity and liabilities | 10/49 | €405,972 | €339,952 | -€66,020 | -16.3% |
| Equity | 10/15 | €69,492 | €72,294 | +€2,803 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,089 | €90,089 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,229 | €88,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,197 | -€36,394 | +€2,803 | +7.2% |
| Amounts payable | 17/49 | €336,480 | €267,658 | -€68,822 | -20.5% |
| Amounts payable after more than one year | 17 | €110,536 | €82,373 | -€28,162 | -25.5% |
| Financial debts | 170/4 | €110,536 | €82,373 | -€28,162 | -25.5% |
| Amounts payable within one year | 42/48 | €225,944 | €176,427 | -€49,518 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €62,829 | €52,766 | -€10,063 | -16.0% |
| Trade debts | 44 | €83,755 | €70,744 | -€13,011 | -15.5% |
| Suppliers | 440/4 | €83,755 | €70,744 | -€13,011 | -15.5% |
| Taxes, remuneration and social security | 45 | €79,360 | €52,917 | -€26,443 | -33.3% |
| Taxes | 450/3 | €16,913 | €10,991 | -€5,922 | -35.0% |
| Remuneration and social security | 454/9 | €62,447 | €41,926 | -€20,521 | -32.9% |
| Accrued charges and deferred income | 492/3 | - | €8,858 | +€8,858 | |
| Remuneration, social security and pensions | 62 | €337,934 | €319,791 | -€18,143 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,220 | €46,384 | +€2,164 | +4.9% |
| Other operating charges | 640/8 | €5,589 | €3,794 | -€1,795 | -32.1% |
| Gross operating margin | 9900 | €432,890 | €384,520 | -€48,369 | -11.2% |
| Operating profit (loss) | 9901 | €45,147 | €14,552 | -€30,595 | -67.8% |
| Financial income | 75/76B | €1,447 | €1,470 | +€22 | +1.6% |
| Recurring financial income | 75 | €1,447 | €1,470 | +€22 | +1.6% |
| Financial charges | 65/66B | €12,188 | €11,419 | -€770 | -6.3% |
| Recurring financial charges | 65 | €12,188 | €11,419 | -€770 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €34,406 | €4,603 | -€29,803 | -86.6% |
| Income taxes | 67/77 | €424 | €1,800 | +€1,376 | +325% |
| Profit (loss) for the period | 9904 | €33,982 | €2,803 | -€31,179 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,982 | €2,803 | -€31,179 | -91.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.