DEMUCO: 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.
DEMUCO
Largest movements
- Tangible fixed assets +€327,000
up €327,000 (+142%), from €229,579 to €556,579
- Receivables within one year +€67,804
up €67,804 (+183%), from €36,965 to €104,768
of which Trade receivables: +€65,340
- Debts after one year +€234,807
new in 2025: €234,807
- Other debts +€92,929
up €92,929 (+378%), from €24,594 to €117,523
- Current portion of long-term debt +€46,357
new in 2025: €46,357
- Reserves -€33,460
down €33,460 (-77.5%), from €43,176 to €9,716
of which Distributable reserves: -€33,460
- Advances received +€32,500
new in 2025: €32,500
- Other operating charges +€37,492
up €37,492 (+716%), from €5,235 to €42,727
- Gross operating margin +€27,785
up €27,785, from -€4,724 to €23,060
- Financial charges +€8,124
up €8,124 (+2,132%), from €381 to €8,505
- Financial income -€2,929
down €2,929 (-54.3%), from €5,393 to €2,464
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 | €273,700 | €665,030 | +€391,330 | +143% |
| Fixed assets | 21/28 | €229,579 | €556,579 | +€327,000 | +142% |
| Tangible fixed assets | 22/27 | €229,579 | €556,579 | +€327,000 | +142% |
| Land and buildings | 22 | €229,579 | €556,579 | +€327,000 | +142% |
| Current assets | 29/58 | €44,121 | €108,451 | +€64,330 | +146% |
| Amounts receivable within one year | 40/41 | €36,965 | €104,768 | +€67,804 | +183% |
| Trade receivables | 40 | - | €65,340 | +€65,340 | |
| Other amounts receivable | 41 | €36,965 | €39,428 | +€2,464 | +6.7% |
| Cash at bank and in hand | 54/58 | €6,336 | €2,890 | -€3,446 | -54.4% |
| Deferred charges and accrued income | 490/1 | €821 | €793 | -€28 | -3.4% |
| Total equity and liabilities | 10/49 | €273,700 | €665,030 | +€391,330 | +143% |
| Equity | 10/15 | €246,412 | €220,703 | -€25,708 | -10.4% |
| Contributions | 10/11 | €210,987 | €210,987 | = | 0.0% |
| Reserves | 13 | €43,176 | €9,716 | -€33,460 | -77.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €43,176 | €9,716 | -€33,460 | -77.5% |
| Profit (loss) carried forward | 14 | -€7,751 | €0 | +€7,751 | |
| Amounts payable | 17/49 | €27,289 | €444,327 | +€417,038 | +1,528% |
| Amounts payable after more than one year | 17 | - | €234,807 | +€234,807 | |
| Financial debts | 170/4 | - | €234,807 | +€234,807 | |
| Amounts payable within one year | 42/48 | €24,843 | €209,520 | +€184,676 | +743% |
| Current portion of amounts payable after more than one year | 42 | - | €46,357 | +€46,357 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €250 | €1,936 | +€1,686 | +675% |
| Suppliers | 440/4 | €250 | €1,936 | +€1,686 | +675% |
| Advances received on contracts in progress | 46 | - | €32,500 | +€32,500 | |
| Taxes, remuneration and social security | 45 | - | €11,204 | +€11,204 | |
| Taxes | 450/3 | - | €11,204 | +€11,204 | |
| Other amounts payable | 47/48 | €24,594 | €117,523 | +€92,929 | +378% |
| Accrued charges and deferred income | 492/3 | €2,445 | €0 | -€2,445 | -100% |
| Other operating charges | 640/8 | €5,235 | €42,727 | +€37,492 | +716% |
| Gross operating margin | 9900 | -€4,724 | €23,060 | +€27,785 | |
| Operating profit (loss) | 9901 | -€9,960 | -€19,667 | -€9,707 | -97.5% |
| Financial income | 75/76B | €5,393 | €2,464 | -€2,929 | -54.3% |
| Recurring financial income | 75 | €5,393 | €2,464 | -€2,929 | -54.3% |
| Financial charges | 65/66B | €381 | €8,505 | +€8,124 | +2,132% |
| Recurring financial charges | 65 | €381 | €8,505 | +€8,124 | +2,132% |
| Profit (loss) for the period before taxes | 9903 | -€4,948 | -€25,708 | -€20,761 | -420% |
| Profit (loss) for the period | 9904 | -€4,948 | -€25,708 | -€20,761 | -420% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,948 | -€25,708 | -€20,761 | -420% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.