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
- Stocks and contracts +€30,312
up €30,312 (+12.3%), from €246,133 to €276,445
of which Contracts in progress: +€20,000
- Receivables within one year -€17,463
down €17,463 (-5.7%), from €306,113 to €288,650
of which Other amounts receivable: -€10,341
- Reserves +€22,347
up €22,347 (+7.6%), from €292,391 to €314,738
of which Distributable reserves: +€22,347
- Other debts -€8,282
down €8,282 (-13.3%), from €62,142 to €53,860
- Gross operating margin -€25,956
down €25,956 (-23.0%), from €112,906 to €86,951
- Taxes -€5,516
down €5,516 (-38.9%), from €14,187 to €8,672
- Depreciation +€1,732
up €1,732 (+3.9%), from €44,134 to €45,866
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,820 | €825,176 | +€4,356 | +0.5% |
| Fixed assets | 21/28 | €254,705 | €251,743 | -€2,961 | -1.2% |
| Tangible fixed assets | 22/27 | €254,705 | €251,743 | -€2,961 | -1.2% |
| Land and buildings | 22 | €105,049 | €90,332 | -€14,717 | -14.0% |
| Plant, machinery and equipment | 23 | €10,416 | €43,723 | +€33,307 | +320% |
| Furniture and vehicles | 24 | €13,671 | €12,858 | -€814 | -6.0% |
| Leasing and similar rights | 25 | €125,569 | €104,831 | -€20,737 | -16.5% |
| Current assets | 29/58 | €566,115 | €573,433 | +€7,317 | +1.3% |
| Stocks and contracts in progress | 3 | €246,133 | €276,445 | +€30,312 | +12.3% |
| Stocks | 30/36 | €121,133 | €131,445 | +€10,312 | +8.5% |
| Contracts in progress | 37 | €125,000 | €145,000 | +€20,000 | +16.0% |
| Amounts receivable within one year | 40/41 | €306,113 | €288,650 | -€17,463 | -5.7% |
| Trade receivables | 40 | €278,227 | €271,105 | -€7,123 | -2.6% |
| Other amounts receivable | 41 | €27,885 | €17,545 | -€10,341 | -37.1% |
| Cash at bank and in hand | 54/58 | €7,491 | €4,098 | -€3,393 | -45.3% |
| Deferred charges and accrued income | 490/1 | €6,378 | €4,240 | -€2,138 | -33.5% |
| Total equity and liabilities | 10/49 | €820,820 | €825,176 | +€4,356 | +0.5% |
| Equity | 10/15 | €395,865 | €418,212 | +€22,347 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €292,391 | €314,738 | +€22,347 | +7.6% |
| 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 | €290,531 | €312,878 | +€22,347 | +7.7% |
| Profit (loss) carried forward | 14 | €91,074 | €91,074 | = | 0.0% |
| Amounts payable | 17/49 | €424,955 | €406,964 | -€17,991 | -4.2% |
| Amounts payable after more than one year | 17 | €172,425 | €167,932 | -€4,493 | -2.6% |
| Financial debts | 170/4 | €172,425 | €167,932 | -€4,493 | -2.6% |
| Amounts payable within one year | 42/48 | €252,530 | €239,020 | -€13,509 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €34,039 | €38,653 | +€4,615 | +13.6% |
| Trade debts | 44 | €150,058 | €144,359 | -€5,699 | -3.8% |
| Suppliers | 440/4 | €150,058 | €144,359 | -€5,699 | -3.8% |
| Taxes, remuneration and social security | 45 | €6,291 | €2,148 | -€4,143 | -65.9% |
| Taxes | 450/3 | €6,291 | €2,148 | -€4,143 | -65.9% |
| Other amounts payable | 47/48 | €62,142 | €53,860 | -€8,282 | -13.3% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,134 | €45,866 | +€1,732 | +3.9% |
| Other operating charges | 640/8 | €3,701 | €3,008 | -€693 | -18.7% |
| Gross operating margin | 9900 | €112,906 | €86,951 | -€25,956 | -23.0% |
| Operating profit (loss) | 9901 | €65,071 | €38,077 | -€26,994 | -41.5% |
| Financial income | 75/76B | €1,240 | €497 | -€743 | -59.9% |
| Recurring financial income | 75 | €1,240 | €497 | -€743 | -59.9% |
| Financial charges | 65/66B | €8,556 | €7,555 | -€1,001 | -11.7% |
| Recurring financial charges | 65 | €8,556 | €7,555 | -€1,001 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €57,755 | €31,019 | -€26,737 | -46.3% |
| Income taxes | 67/77 | €14,187 | €8,672 | -€5,516 | -38.9% |
| Profit (loss) for the period | 9904 | €43,568 | €22,347 | -€21,221 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,568 | €22,347 | -€21,221 | -48.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.