Demuynck: 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.
Demuynck
Largest movements
- Tangible fixed assets -€8,413
down €8,413 (-4.7%), from €178,164 to €169,751
of which Land and buildings: -€7,414
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€9,426
down €9,426 (-74.7%), from €12,625 to €3,199
- Depreciation -€3,001
down €3,001 (-26.3%), from €11,414 to €8,413
- Taxes -€1,322
no longer reported in 2025 (was €1,322)
- Other operating charges +€1,245
up €1,245 (+55.5%), from €2,243 to €3,488
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 | €348,397 | €338,990 | -€9,407 | -2.7% |
| Fixed assets | 21/28 | €178,164 | €169,751 | -€8,413 | -4.7% |
| Tangible fixed assets | 22/27 | €178,164 | €169,751 | -€8,413 | -4.7% |
| Land and buildings | 22 | €177,165 | €169,751 | -€7,414 | -4.2% |
| Plant, machinery and equipment | 23 | €998 | - | -€998 | |
| Current assets | 29/58 | €170,234 | €169,239 | -€995 | -0.6% |
| Amounts receivable within one year | 40/41 | €13,889 | €14,710 | +€821 | +5.9% |
| Other amounts receivable | 41 | €13,889 | €14,710 | +€821 | +5.9% |
| Cash at bank and in hand | 54/58 | €156,344 | €154,529 | -€1,816 | -1.2% |
| Total equity and liabilities | 10/49 | €348,397 | €338,990 | -€9,407 | -2.7% |
| Equity | 10/15 | €326,713 | €320,226 | -€6,486 | -2.0% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €304,213 | €301,041 | -€3,172 | -1.0% |
| Tax-exempt reserves | 132 | €76,968 | €73,796 | -€3,172 | -4.1% |
| Distributable reserves | 133 | €227,245 | €227,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,315 | -€3,315 | |
| Provisions and deferred taxes | 16 | €20,333 | €18,700 | -€1,633 | -8.0% |
| Deferred taxes | 168 | €20,333 | €18,700 | -€1,633 | -8.0% |
| Amounts payable | 17/49 | €1,352 | €64 | -€1,288 | -95.3% |
| Amounts payable within one year | 42/48 | €1,352 | €64 | -€1,288 | -95.3% |
| Trade debts | 44 | €20 | €64 | +€44 | +221% |
| Suppliers | 440/4 | €20 | €64 | +€44 | +221% |
| Taxes, remuneration and social security | 45 | €1,332 | - | -€1,332 | |
| Taxes | 450/3 | €1,332 | - | -€1,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,414 | €8,413 | -€3,001 | -26.3% |
| Other operating charges | 640/8 | €2,243 | €3,488 | +€1,245 | +55.5% |
| Gross operating margin | 9900 | €12,625 | €3,199 | -€9,426 | -74.7% |
| Operating profit (loss) | 9901 | -€1,032 | -€8,702 | -€7,670 | -743% |
| Financial income | 75/76B | €833 | €826 | -€7 | -0.8% |
| Recurring financial income | 75 | €833 | €826 | -€7 | -0.8% |
| Financial charges | 65/66B | €235 | €243 | +€7 | +3.1% |
| Recurring financial charges | 65 | €235 | €243 | +€7 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€435 | -€8,119 | -€7,684 | -1,766% |
| Transfer from deferred taxes | 780 | €1,633 | €1,633 | = | 0.0% |
| Income taxes | 67/77 | €1,322 | - | -€1,322 | |
| Profit (loss) for the period | 9904 | -€124 | -€6,486 | -€6,363 | -5,142% |
| Transfer from tax-exempt reserves | 789 | €3,172 | €3,172 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,048 | -€3,315 | -€6,363 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.