Demyttenaere: 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.
Demyttenaere
Largest movements
- Current investments -€61,205
down €61,205 (-28.9%), from €211,683 to €150,478
- Cash -€24,035
down €24,035 (-28.2%), from €85,260 to €61,225
mainly Current portion of long-term debt (-€100,000) and Investment in fixed assets (net) (-€15,611)
- Stocks and contracts +€14,760
up €14,760 (+8.3%), from €177,567 to €192,328
- Tangible fixed assets -€13,886
down €13,886 (-8.8%), from €157,279 to €143,393
of which Furniture and vehicles: -€11,111
- Current portion of long-term debt -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€27,876
up €27,876 (+5.4%), from €516,292 to €544,169
- Tax, wage and social debts -€13,724
down €13,724 (-46.4%), from €29,589 to €15,865
of which Taxes: -€14,224
- Gross operating margin +€177,264
up €177,264, from -€118,524 to €58,740
- Depreciation +€6,523
up €6,523 (+33.3%), from €19,588 to €26,111
- Financial income -€6,449
down €6,449 (-66.2%), from €9,741 to €3,292
- Write-downs +€3,416
up €3,416, from -€2,916 to €500
- Taxes +€2,827
up €2,827 (+2,225%), from €127 to €2,954
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 | €661,101 | €575,254 | -€85,847 | -13.0% |
| Fixed assets | 21/28 | €159,997 | €149,497 | -€10,500 | -6.6% |
| Intangible fixed assets | 21 | €2,224 | €5,610 | +€3,386 | +152% |
| Tangible fixed assets | 22/27 | €157,279 | €143,393 | -€13,886 | -8.8% |
| Land and buildings | 22 | €75,177 | €70,438 | -€4,739 | -6.3% |
| Plant, machinery and equipment | 23 | €7,621 | €13,160 | +€5,539 | +72.7% |
| Furniture and vehicles | 24 | €55,038 | €43,927 | -€11,111 | -20.2% |
| Other tangible fixed assets | 26 | €19,442 | €15,868 | -€3,574 | -18.4% |
| Financial fixed assets | 28 | €494 | €494 | = | 0.0% |
| Current assets | 29/58 | €501,104 | €425,757 | -€75,347 | -15.0% |
| Stocks and contracts in progress | 3 | €177,567 | €192,328 | +€14,760 | +8.3% |
| Stocks | 30/36 | €177,567 | €192,328 | +€14,760 | +8.3% |
| Amounts receivable within one year | 40/41 | €23,908 | €18,447 | -€5,461 | -22.8% |
| Trade receivables | 40 | €12,679 | €14,686 | +€2,008 | +15.8% |
| Other amounts receivable | 41 | €11,230 | €3,761 | -€7,469 | -66.5% |
| Current investments | 50/53 | €211,683 | €150,478 | -€61,205 | -28.9% |
| Cash at bank and in hand | 54/58 | €85,260 | €61,225 | -€24,035 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,686 | €3,280 | +€594 | +22.1% |
| Total equity and liabilities | 10/49 | €661,101 | €575,254 | -€85,847 | -13.0% |
| Equity | 10/15 | €522,490 | €550,366 | +€27,876 | +5.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €516,292 | €544,169 | +€27,876 | +5.4% |
| Distributable reserves | 133 | €516,292 | €544,169 | +€27,876 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,611 | €24,888 | -€113,723 | -82.0% |
| Amounts payable within one year | 42/48 | €138,611 | €24,888 | -€113,723 | -82.0% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €9,022 | €9,023 | +€1 | 0.0% |
| Suppliers | 440/4 | €9,022 | €9,023 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €29,589 | €15,865 | -€13,724 | -46.4% |
| Taxes | 450/3 | €29,589 | €15,365 | -€14,224 | -48.1% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,588 | €26,111 | +€6,523 | +33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,916 | €500 | +€3,416 | |
| Other operating charges | 640/8 | €3,245 | €3,457 | +€211 | +6.5% |
| Gross operating margin | 9900 | -€118,524 | €58,740 | +€177,264 | |
| Operating profit (loss) | 9901 | -€138,440 | €28,673 | +€167,113 | |
| Financial income | 75/76B | €9,741 | €3,292 | -€6,449 | -66.2% |
| Recurring financial income | 75 | €9,741 | €3,292 | -€6,449 | -66.2% |
| Financial charges | 65/66B | €452 | €1,135 | +€683 | +151% |
| Recurring financial charges | 65 | €452 | €1,135 | +€683 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€129,151 | €30,830 | +€159,981 | |
| Income taxes | 67/77 | €127 | €2,954 | +€2,827 | +2,225% |
| Profit (loss) for the period | 9904 | -€129,278 | €27,876 | +€157,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,278 | €27,876 | +€157,155 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.