DEMT: 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.
DEMT
Largest movements
- Receivables after one year -€46,295
down €46,295 (-47.3%), from €97,827 to €51,531
- Receivables within one year -€18,856
down €18,856 (-71.4%), from €26,395 to €7,540
- Cash +€14,408
up €14,408 (+32.4%), from €44,496 to €58,904
mainly Receivables after one year (+€46,295) and Net result for the year (+€28,289)
- Deferred charges and accrued income -€6,633
down €6,633 (-68.5%), from €9,677 to €3,044
- Profit (loss) carried forward -€71,711
down €71,711 (-41.8%), from €171,473 to €99,762
- Tax, wage and social debts +€15,000
up €15,000 (+500.0%), from €3,000 to €18,000
- Gross operating margin -€33,577
down €33,577 (-46.8%), from €71,726 to €38,149
- Taxes -€6,556
down €6,556 (-42.3%), from €15,508 to €8,952
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 | €178,395 | €121,018 | -€57,376 | -32.2% |
| Current assets | 29/58 | €178,395 | €121,018 | -€57,376 | -32.2% |
| Amounts receivable after more than one year | 29 | €97,827 | €51,531 | -€46,295 | -47.3% |
| Other amounts receivable | 291 | €97,827 | €51,531 | -€46,295 | -47.3% |
| Amounts receivable within one year | 40/41 | €26,395 | €7,540 | -€18,856 | -71.4% |
| Other amounts receivable | 41 | €26,395 | €7,540 | -€18,856 | -71.4% |
| Cash at bank and in hand | 54/58 | €44,496 | €58,904 | +€14,408 | +32.4% |
| Deferred charges and accrued income | 490/1 | €9,677 | €3,044 | -€6,633 | -68.5% |
| Total equity and liabilities | 10/49 | €178,395 | €121,018 | -€57,376 | -32.2% |
| Equity | 10/15 | €174,473 | €102,762 | -€71,711 | -41.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,473 | €99,762 | -€71,711 | -41.8% |
| Amounts payable | 17/49 | €3,922 | €18,257 | +€14,335 | +365.5% |
| Amounts payable within one year | 42/48 | €3,738 | €18,257 | +€14,519 | +388.4% |
| Trade debts | 44 | €738 | €257 | -€481 | -65.2% |
| Suppliers | 440/4 | €738 | €257 | -€481 | -65.2% |
| Taxes, remuneration and social security | 45 | €3,000 | €18,000 | +€15,000 | +500.0% |
| Taxes | 450/3 | €3,000 | €18,000 | +€15,000 | +500.0% |
| Accrued charges and deferred income | 492/3 | €184 | - | -€184 | |
| Other operating charges | 640/8 | €862 | €764 | -€98 | -11.4% |
| Gross operating margin | 9900 | €71,726 | €38,149 | -€33,577 | -46.8% |
| Operating profit (loss) | 9901 | €70,864 | €37,385 | -€33,479 | -47.2% |
| Financial charges | 65/66B | €201 | €144 | -€57 | -28.2% |
| Recurring financial charges | 65 | €201 | €144 | -€57 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €70,663 | €37,241 | -€33,422 | -47.3% |
| Income taxes | 67/77 | €15,508 | €8,952 | -€6,556 | -42.3% |
| Profit (loss) for the period | 9904 | €55,156 | €28,289 | -€26,867 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,156 | €28,289 | -€26,867 | -48.7% |
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 5 October 2026 via checked.be.