DEMURGER: what changed
What changed
DEMURGER
NACE 71.113, Urban planning and landscape architecture
filed annual accounts (NBB)
Net result for the year
-€51,090
2024 · €31,884-€82,974
Equity
€77,017
2024 · €128,107-€51,090
Cash
€2,168
2024 · €16,548-€14,380
Balance sheet total
€120,608
2024 · €194,490-€73,882
Largest movements
Assets
- Tangible fixed assets -€27,123
down €27,123 (-35.5%), from €76,396 to €49,273
of which Plant, machinery and equipment: -€16,375
- Receivables within one year -€20,715
down €20,715 (-23.8%), from €86,953 to €66,238
of which Trade receivables: -€21,586
- Cash -€14,380
down €14,380 (-86.9%), from €16,548 to €2,168
mainly Net result for the year (-€51,090) and Other debts (-€7,965)
- Stocks and contracts -€12,681
down €12,681 (-100%), from €12,681 to €0
Equity and liabilities
- Profit (loss) carried forward -€51,090
down €51,090 (-58.3%), from €87,647 to €36,557
- Other debts -€7,965
down €7,965 (-16.2%), from €49,273 to €41,308
- Trade debts -€7,379
down €7,379 (-89.4%), from €8,251 to €872
- Tax, wage and social debts -€6,516
down €6,516 (-82.6%), from €7,886 to €1,371
of which Taxes: -€4,128
Income statement
- Gross operating margin -€82,358
down €82,358, from €62,926 to -€19,432
- Depreciation +€2,146
up €2,146 (+8.1%), from €26,538 to €28,684
- Financial charges -€704
down €704 (-37.1%), from €1,897 to €1,193
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
€31,884
Gross operating margin
-€82,358
Depreciation
-€2,146
Other operating charges
+€310
Other operating items
+€732
Financial income
+€0
Financial charges
+€704
Taxes
-€215
Result 2025
-€51,090
raises the resultlowers the resultnot broken down further in the accounts
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
-€11,846
Investment
-€1,561
Financing
-€973
Cash 2024
€16,548
From operations (derived)
-€11,846
Net result for the year
-€51,090
Depreciation
+€28,684
Stocks and contracts
+€12,681
Receivables within one year
+€20,715
Deferred charges and accrued income
-€1,017
Trade debts
-€7,379
Tax, wage and social debts
-€6,516
Other debts
-€7,965
Accrued charges and deferred income
+€41
Investment (derived)
-€1,561
Investment in fixed assets (net)
-€1,561
Financing
-€973
Current portion of long-term debt
-€59
Short-term financial debts
-€914
Cash 2025
€2,168
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,490 | €120,608 | -€73,882 | -38.0% |
| Fixed assets | 21/28 | €76,396 | €49,273 | -€27,123 | -35.5% |
| Tangible fixed assets | 22/27 | €76,396 | €49,273 | -€27,123 | -35.5% |
| Plant, machinery and equipment | 23 | €46,985 | €30,611 | -€16,375 | -34.9% |
| Furniture and vehicles | 24 | €29,411 | €18,662 | -€10,749 | -36.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €118,094 | €71,335 | -€46,759 | -39.6% |
| Stocks and contracts in progress | 3 | €12,681 | €0 | -€12,681 | -100% |
| Stocks | 30/36 | €12,681 | €0 | -€12,681 | -100% |
| Amounts receivable within one year | 40/41 | €86,953 | €66,238 | -€20,715 | -23.8% |
| Trade receivables | 40 | €76,657 | €55,071 | -€21,586 | -28.2% |
| Other amounts receivable | 41 | €10,296 | €11,167 | +€871 | +8.5% |
| Cash at bank and in hand | 54/58 | €16,548 | €2,168 | -€14,380 | -86.9% |
| Deferred charges and accrued income | 490/1 | €1,912 | €2,929 | +€1,017 | +53.2% |
| Total equity and liabilities | 10/49 | €194,490 | €120,608 | -€73,882 | -38.0% |
| Equity | 10/15 | €128,107 | €77,017 | -€51,090 | -39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 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 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,647 | €36,557 | -€51,090 | -58.3% |
| Amounts payable | 17/49 | €66,383 | €43,591 | -€22,792 | -34.3% |
| Amounts payable within one year | 42/48 | €66,383 | €43,550 | -€22,833 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €59 | €0 | -€59 | -100% |
| Financial debts | 43 | €914 | €0 | -€914 | -100% |
| Credit institutions | 430/8 | €914 | €0 | -€914 | -100% |
| Trade debts | 44 | €8,251 | €872 | -€7,379 | -89.4% |
| Suppliers | 440/4 | €8,251 | €872 | -€7,379 | -89.4% |
| Taxes, remuneration and social security | 45 | €7,886 | €1,371 | -€6,516 | -82.6% |
| Taxes | 450/3 | €5,498 | €1,371 | -€4,128 | -75.1% |
| Remuneration and social security | 454/9 | €2,388 | €0 | -€2,388 | -100% |
| Other amounts payable | 47/48 | €49,273 | €41,308 | -€7,965 | -16.2% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Non-recurring operating income | 76A | €10,981 | €0 | -€10,981 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,538 | €28,684 | +€2,146 | +8.1% |
| Other operating charges | 640/8 | €1,876 | €1,566 | -€310 | -16.5% |
| Non-recurring operating charges | 66A | €732 | €0 | -€732 | -100% |
| Gross operating margin | 9900 | €62,926 | -€19,432 | -€82,358 | |
| Operating profit (loss) | 9901 | €33,781 | -€49,682 | -€83,463 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,897 | €1,193 | -€704 | -37.1% |
| Recurring financial charges | 65 | €1,897 | €1,193 | -€704 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €31,884 | -€50,875 | -€82,759 | |
| Income taxes | 67/77 | - | €215 | +€215 | |
| Profit (loss) for the period | 9904 | €31,884 | -€51,090 | -€82,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,884 | -€51,090 | -€82,974 |
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 4 November 2026 via checked.be.