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
- Receivables within one year -€147,723
down €147,723 (-25.9%), from €571,029 to €423,306
of which Other amounts receivable: -€140,365
- Cash +€118,701
up €118,701 (+37.9%), from €312,837 to €431,538
mainly Receivables within one year (+€147,723) and Net result for the year (+€93,458)
- Tangible fixed assets +€58,138
up €58,138 (+15.0%), from €386,375 to €444,512
of which Furniture and vehicles: +€77,552
- Stocks and contracts +€22,389
up €22,389 (+44.1%), from €50,741 to €73,129
- Debts after one year -€74,009
down €74,009 (-22.5%), from €328,346 to €254,337
- Trade debts +€64,632
up €64,632 (+16.6%), from €388,906 to €453,538
- Reserves +€59,703
up €59,703 (+12.7%), from €471,388 to €531,091
- Gross operating margin +€36,975
up €36,975 (+20.7%), from €179,013 to €215,989
- Depreciation +€36,975
up €36,975 (+123%), from €29,950 to €66,925
- Financial income +€12,227
up €12,227 (+1,471%), from €831 to €13,058
- Financial charges +€4,930
up €4,930 (+33.9%), from €14,543 to €19,474
- Staff costs +€2,492
up €2,492 (+37.4%), from €6,661 to €9,153
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 | €1,322,171 | €1,373,515 | +€51,344 | +3.9% |
| Fixed assets | 21/28 | €387,405 | €445,542 | +€58,138 | +15.0% |
| Tangible fixed assets | 22/27 | €386,375 | €444,512 | +€58,138 | +15.0% |
| Land and buildings | 22 | €203,800 | €184,666 | -€19,134 | -9.4% |
| Plant, machinery and equipment | 23 | €281 | - | -€281 | |
| Furniture and vehicles | 24 | €182,294 | €259,846 | +€77,552 | +42.5% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €934,767 | €927,973 | -€6,793 | -0.7% |
| Stocks and contracts in progress | 3 | €50,741 | €73,129 | +€22,389 | +44.1% |
| Stocks | 30/36 | €50,741 | €73,129 | +€22,389 | +44.1% |
| Amounts receivable within one year | 40/41 | €571,029 | €423,306 | -€147,723 | -25.9% |
| Trade receivables | 40 | €411,621 | €404,263 | -€7,358 | -1.8% |
| Other amounts receivable | 41 | €159,408 | €19,043 | -€140,365 | -88.1% |
| Cash at bank and in hand | 54/58 | €312,837 | €431,538 | +€118,701 | +37.9% |
| Deferred charges and accrued income | 490/1 | €159 | - | -€159 | |
| Total equity and liabilities | 10/49 | €1,322,171 | €1,373,515 | +€51,344 | +3.9% |
| Equity | 10/15 | €491,388 | €551,091 | +€59,703 | +12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €471,388 | €531,091 | +€59,703 | +12.7% |
| Distributable reserves | 133 | €471,388 | €531,091 | +€59,703 | +12.7% |
| Amounts payable | 17/49 | €830,783 | €822,425 | -€8,358 | -1.0% |
| Amounts payable after more than one year | 17 | €328,346 | €254,337 | -€74,009 | -22.5% |
| Financial debts | 170/4 | €328,346 | €254,337 | -€74,009 | -22.5% |
| Amounts payable within one year | 42/48 | €502,437 | €568,088 | +€65,650 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €113,416 | €109,009 | -€4,407 | -3.9% |
| Trade debts | 44 | €388,906 | €453,538 | +€64,632 | +16.6% |
| Suppliers | 440/4 | €388,906 | €453,538 | +€64,632 | +16.6% |
| Taxes, remuneration and social security | 45 | €116 | €5,541 | +€5,426 | +4,691% |
| Taxes | 450/3 | €116 | €5,541 | +€5,426 | +4,691% |
| Remuneration, social security and pensions | 62 | €6,661 | €9,153 | +€2,492 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,950 | €66,925 | +€36,975 | +123% |
| Other operating charges | 640/8 | €5,733 | €6,331 | +€598 | +10.4% |
| Gross operating margin | 9900 | €179,013 | €215,989 | +€36,975 | +20.7% |
| Operating profit (loss) | 9901 | €136,669 | €133,579 | -€3,090 | -2.3% |
| Financial income | 75/76B | €831 | €13,058 | +€12,227 | +1,471% |
| Recurring financial income | 75 | €831 | €13,058 | +€12,227 | +1,471% |
| Financial charges | 65/66B | €14,543 | €19,474 | +€4,930 | +33.9% |
| Recurring financial charges | 65 | €14,543 | €19,474 | +€4,930 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €122,956 | €127,164 | +€4,207 | +3.4% |
| Income taxes | 67/77 | €35,640 | €33,706 | -€1,935 | -5.4% |
| Profit (loss) for the period | 9904 | €87,316 | €93,458 | +€6,142 | +7.0% |
| Transfer from tax-exempt reserves | 789 | €8,000 | - | -€8,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,316 | €93,458 | -€1,858 | -1.9% |
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 19 October 2026 via checked.be.