DeMuTech: 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.
DeMuTech
Largest movements
- Receivables within one year -€27,158
down €27,158 (-44.8%), from €60,589 to €33,430
of which Trade receivables: -€13,811
- Tangible fixed assets -€20,716
down €20,716 (-5.9%), from €352,112 to €331,396
of which Land and buildings: -€15,462
- Cash +€10,423
up €10,423 (+11.7%), from €89,024 to €99,448
mainly Receivables within one year (+€27,158) and Depreciation (+€23,450)
- Debts after one year -€16,689
down €16,689 (-7.5%), from €222,331 to €205,643
- Reserves -€15,039
down €15,039 (-13.7%), from €109,757 to €94,718
of which Distributable reserves: -€15,039
- Current portion of long-term debt -€11,716
down €11,716 (-40.1%), from €29,182 to €17,465
- Trade debts +€6,287
up €6,287 (+65.8%), from €9,562 to €15,850
- Gross operating margin -€6,684
down €6,684 (-10.9%), from €61,193 to €54,509
- Other operating charges -€3,694
down €3,694 (-74.2%), from €4,978 to €1,283
- Taxes -€1,622
down €1,622 (-18.4%), from €8,818 to €7,196
- Financial charges +€917
up €917 (+22.3%), from €4,110 to €5,027
- Depreciation -€617
down €617 (-2.6%), from €24,067 to €23,450
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 | €504,195 | €467,207 | -€36,988 | -7.3% |
| Fixed assets | 21/28 | €352,112 | €331,396 | -€20,716 | -5.9% |
| Tangible fixed assets | 22/27 | €352,112 | €331,396 | -€20,716 | -5.9% |
| Land and buildings | 22 | €329,355 | €313,894 | -€15,462 | -4.7% |
| Plant, machinery and equipment | 23 | €3,470 | €2,635 | -€835 | -24.1% |
| Furniture and vehicles | 24 | €19,286 | €14,867 | -€4,420 | -22.9% |
| Current assets | 29/58 | €152,083 | €135,811 | -€16,272 | -10.7% |
| Amounts receivable within one year | 40/41 | €60,589 | €33,430 | -€27,158 | -44.8% |
| Trade receivables | 40 | €46,163 | €32,352 | -€13,811 | -29.9% |
| Other amounts receivable | 41 | €14,426 | €1,078 | -€13,348 | -92.5% |
| Cash at bank and in hand | 54/58 | €89,024 | €99,448 | +€10,423 | +11.7% |
| Deferred charges and accrued income | 490/1 | €2,470 | €2,933 | +€463 | +18.7% |
| Total equity and liabilities | 10/49 | €504,195 | €467,207 | -€36,988 | -7.3% |
| Equity | 10/15 | €195,074 | €180,035 | -€15,039 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €109,757 | €94,718 | -€15,039 | -13.7% |
| Tax-exempt reserves | 132 | €203 | €203 | = | 0.0% |
| Distributable reserves | 133 | €109,554 | €94,515 | -€15,039 | -13.7% |
| Profit (loss) carried forward | 14 | €72,917 | €72,917 | = | 0.0% |
| Amounts payable | 17/49 | €309,121 | €287,172 | -€21,949 | -7.1% |
| Amounts payable after more than one year | 17 | €222,331 | €205,643 | -€16,689 | -7.5% |
| Financial debts | 170/4 | €222,331 | €205,643 | -€16,689 | -7.5% |
| Amounts payable within one year | 42/48 | €86,790 | €81,529 | -€5,261 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €29,182 | €17,465 | -€11,716 | -40.1% |
| Financial debts | 43 | €27 | €27 | = | 0.0% |
| Credit institutions | 430/8 | €27 | €27 | = | 0.0% |
| Trade debts | 44 | €9,562 | €15,850 | +€6,287 | +65.8% |
| Suppliers | 440/4 | €9,562 | €15,850 | +€6,287 | +65.8% |
| Taxes, remuneration and social security | 45 | €18,965 | €15,390 | -€3,575 | -18.8% |
| Taxes | 450/3 | €18,965 | €13,390 | -€5,575 | -29.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €29,053 | €32,796 | +€3,743 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,067 | €23,450 | -€617 | -2.6% |
| Other operating charges | 640/8 | €4,978 | €1,283 | -€3,694 | -74.2% |
| Gross operating margin | 9900 | €61,193 | €54,509 | -€6,684 | -10.9% |
| Operating profit (loss) | 9901 | €32,148 | €29,775 | -€2,373 | -7.4% |
| Financial income | 75/76B | €152 | €206 | +€54 | +35.2% |
| Recurring financial income | 75 | €152 | €206 | +€54 | +35.2% |
| Financial charges | 65/66B | €4,110 | €5,027 | +€917 | +22.3% |
| Recurring financial charges | 65 | €4,110 | €5,027 | +€917 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €28,190 | €24,953 | -€3,236 | -11.5% |
| Income taxes | 67/77 | €8,818 | €7,196 | -€1,622 | -18.4% |
| Profit (loss) for the period | 9904 | €19,372 | €17,757 | -€1,615 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,372 | €17,757 | -€1,615 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.