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
- Cash +€693,492
up €693,492 (+890%), from €77,898 to €771,390
mainly Current investments (+€525,000) and Net result for the year (+€138,996)
- Current investments -€525,000
no longer reported in 2025 (was €525,000)
- Tangible fixed assets -€24,023
down €24,023 (-30.0%), from €80,137 to €56,114
of which Plant, machinery and equipment: -€18,702
- Reserves +€171,728
up €171,728 (+28.8%), from €596,538 to €768,266
- Profit (loss) carried forward -€32,732
down €32,732 (-100%), from €32,732 to €0
- Accrued charges and deferred income +€18,125
up €18,125 (+8,386%), from €216 to €18,341
- Trade debts -€15,168
down €15,168 (-37.7%), from €40,261 to €25,093
- Gross operating margin -€12,456
down €12,456 (-3.6%), from €346,209 to €333,754
- Financial income +€11,985
up €11,985 (+135%), from €8,875 to €20,860
- Other operating charges -€4,425
down €4,425 (-60.6%), from €7,307 to €2,882
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 | €726,089 | €868,112 | +€142,023 | +19.6% |
| Fixed assets | 21/28 | €80,137 | €56,114 | -€24,023 | -30.0% |
| Tangible fixed assets | 22/27 | €80,137 | €56,114 | -€24,023 | -30.0% |
| Land and buildings | 22 | €27,243 | €21,805 | -€5,438 | -20.0% |
| Plant, machinery and equipment | 23 | €52,364 | €33,662 | -€18,702 | -35.7% |
| Furniture and vehicles | 24 | €530 | €647 | +€117 | +22.0% |
| Current assets | 29/58 | €645,952 | €811,998 | +€166,046 | +25.7% |
| Stocks and contracts in progress | 3 | €26,534 | €31,467 | +€4,933 | +18.6% |
| Stocks | 30/36 | €26,534 | €31,467 | +€4,933 | +18.6% |
| Amounts receivable within one year | 40/41 | €13,623 | €5,162 | -€8,461 | -62.1% |
| Trade receivables | 40 | €8,810 | €4,623 | -€4,186 | -47.5% |
| Other amounts receivable | 41 | €4,813 | €539 | -€4,274 | -88.8% |
| Current investments | 50/53 | €525,000 | - | -€525,000 | |
| Cash at bank and in hand | 54/58 | €77,898 | €771,390 | +€693,492 | +890% |
| Deferred charges and accrued income | 490/1 | €2,897 | €3,979 | +€1,082 | +37.3% |
| Total equity and liabilities | 10/49 | €726,089 | €868,112 | +€142,023 | +19.6% |
| Equity | 10/15 | €647,870 | €786,866 | +€138,996 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €596,538 | €768,266 | +€171,728 | +28.8% |
| Distributable reserves | 133 | €596,538 | €768,266 | +€171,728 | +28.8% |
| Profit (loss) carried forward | 14 | €32,732 | €0 | -€32,732 | -100% |
| Amounts payable | 17/49 | €78,219 | €81,246 | +€3,028 | +3.9% |
| Amounts payable within one year | 42/48 | €78,003 | €62,905 | -€15,098 | -19.4% |
| Trade debts | 44 | €40,261 | €25,093 | -€15,168 | -37.7% |
| Suppliers | 440/4 | €40,261 | €25,093 | -€15,168 | -37.7% |
| Advances received on contracts in progress | 46 | €371 | €0 | -€371 | -100% |
| Taxes, remuneration and social security | 45 | €23,371 | €28,878 | +€5,507 | +23.6% |
| Taxes | 450/3 | €6,851 | €15,185 | +€8,334 | +122% |
| Remuneration and social security | 454/9 | €16,521 | €13,693 | -€2,828 | -17.1% |
| Other amounts payable | 47/48 | €13,999 | €8,934 | -€5,066 | -36.2% |
| Accrued charges and deferred income | 492/3 | €216 | €18,341 | +€18,125 | +8,386% |
| Remuneration, social security and pensions | 62 | €121,490 | €124,918 | +€3,428 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,777 | €25,837 | +€1,060 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,307 | €2,882 | -€4,425 | -60.6% |
| Gross operating margin | 9900 | €346,209 | €333,754 | -€12,456 | -3.6% |
| Operating profit (loss) | 9901 | €192,635 | €180,117 | -€12,518 | -6.5% |
| Financial income | 75/76B | €8,875 | €20,860 | +€11,985 | +135% |
| Recurring financial income | 75 | €8,875 | €20,860 | +€11,985 | +135% |
| Financial charges | 65/66B | €3,773 | €3,070 | -€703 | -18.6% |
| Recurring financial charges | 65 | €3,773 | €3,070 | -€703 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €197,737 | €197,907 | +€170 | +0.1% |
| Income taxes | 67/77 | €57,948 | €58,912 | +€964 | +1.7% |
| Profit (loss) for the period | 9904 | €139,789 | €138,996 | -€794 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,789 | €138,996 | -€794 | -0.6% |
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 23 October 2026 via checked.be.