DEUMER Emmanuel: what changed
Two fiscal 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.
What changed
DEUMER Emmanuel
NACE 02.200, Logging
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€102,602
2024 · €749-€103,351
Equity
€863,772
2024 · €966,374-€102,602
Cash
€11,292
2024 · €6,442+€4,850
Balance sheet total
€2.4m
2024 · €3.2m-€764,233
Largest movements
Assets
- Receivables within one year -€339,758
down €339,758 (-54.6%), from €622,303 to €282,546
of which Trade receivables: -€299,073
- Stocks and contracts -€246,855
down €246,855 (-11.9%), from €2.1m to €1.8m
- Tangible fixed assets -€180,595
down €180,595 (-40.1%), from €450,149 to €269,554
of which Leasing and similar rights: -€186,990
Equity and liabilities
- Trade debts -€291,193
down €291,193 (-26.9%), from €1.1m to €790,490
- Debts after one year -€196,773
down €196,773 (-31.0%), from €633,929 to €437,156
- Profit (loss) carried forward -€89,852
down €89,852, from €13,499 to -€76,353
- Short-term financial debts -€80,000
down €80,000 (-61.5%), from €130,000 to €50,000
- Current portion of long-term debt -€69,194
down €69,194 (-22.0%), from €314,781 to €245,587
Income statement
- Gross operating margin -€272,084
down €272,084 (-49.6%), from €548,406 to €276,321
- Depreciation -€98,730
down €98,730 (-26.8%), from €368,402 to €269,672
- Staff costs -€50,782
down €50,782 (-96.8%), from €52,468 to €1,686
- Financial charges -€33,448
down €33,448 (-30.9%), from €108,312 to €74,865
- Other operating charges +€26,015
up €26,015 (+258.7%), from €10,055 to €36,070
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.
Result 2024
€749
Gross operating margin
-€272,084
Staff costs
+€50,782
Depreciation
+€98,730
Other operating charges
-€26,015
Other operating items
+€5,383
Financial income
-€78
Financial charges
+€33,448
Taxes
+€6,483
Result 2025
-€102,602
Cash bridge derived
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.
From operations
+€439,844
Investment
-€89,027
Financing
-€345,967
Cash 2024
€6,442
From operations (derived)
+€439,844
Net result for the year
-€102,602
Depreciation
+€269,672
Stocks and contracts
+€246,855
Receivables within one year
+€339,758
Deferred charges and accrued income
+€1,825
Provisions
-€4,250
Trade debts
-€291,193
Tax, wage and social debts
-€1,762
Other debts
-€19,845
Accrued charges and deferred income
+€1,387
Investment (derived)
-€89,027
Investment in fixed assets (net)
-€89,027
Financing
-€345,967
Debts after one year
-€196,773
Current portion of long-term debt
-€69,194
Short-term financial debts
-€80,000
Cash 2025
€11,292
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,163,890 | €2,399,657 | -€764,233 | -24.2% |
| Fixed assets | 21/28 | €451,164 | €270,519 | -€180,645 | -40.0% |
| Tangible fixed assets | 22/27 | €450,149 | €269,554 | -€180,595 | -40.1% |
| Land and buildings | 22 | €54,788 | €45,923 | -€8,865 | -16.2% |
| Plant, machinery and equipment | 23 | €9,703 | €15,682 | +€5,979 | +61.6% |
| Furniture and vehicles | 24 | €28,661 | €37,942 | +€9,281 | +32.4% |
| Leasing and similar rights | 25 | €356,997 | €170,007 | -€186,990 | -52.4% |
| Financial fixed assets | 28 | €1,015 | €965 | -€50 | -4.9% |
| Current assets | 29/58 | €2,712,726 | €2,129,139 | -€583,587 | -21.5% |
| Stocks and contracts in progress | 3 | €2,073,962 | €1,827,107 | -€246,855 | -11.9% |
| Stocks | 30/36 | €2,073,962 | €1,827,107 | -€246,855 | -11.9% |
| Amounts receivable within one year | 40/41 | €622,303 | €282,546 | -€339,758 | -54.6% |
| Trade receivables | 40 | €530,736 | €231,663 | -€299,073 | -56.4% |
| Other amounts receivable | 41 | €91,568 | €50,883 | -€40,685 | -44.4% |
| Cash at bank and in hand | 54/58 | €6,442 | €11,292 | +€4,850 | +75.3% |
| Deferred charges and accrued income | 490/1 | €10,019 | €8,194 | -€1,825 | -18.2% |
| Total equity and liabilities | 10/49 | €3,163,890 | €2,399,657 | -€764,233 | -24.2% |
| Equity | 10/15 | €966,374 | €863,772 | -€102,602 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €934,275 | €921,525 | -€12,750 | -1.4% |
| Non-distributable reserves | 130/1 | €152,641 | €152,641 | = | 0.0% |
| Reserves not available under the articles | 1311 | €152,641 | €152,641 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,195 | €2,445 | -€12,750 | -83.9% |
| Distributable reserves | 133 | €766,439 | €766,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,499 | -€76,353 | -€89,852 | |
| Provisions and deferred taxes | 16 | €5,065 | €815 | -€4,250 | -83.9% |
| Deferred taxes | 168 | €5,065 | €815 | -€4,250 | -83.9% |
| Amounts payable | 17/49 | €2,192,451 | €1,535,070 | -€657,380 | -30.0% |
| Amounts payable after more than one year | 17 | €633,929 | €437,156 | -€196,773 | -31.0% |
| Financial debts | 170/4 | €633,929 | €437,156 | -€196,773 | -31.0% |
| Amounts payable within one year | 42/48 | €1,558,521 | €1,096,528 | -€461,994 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €314,781 | €245,587 | -€69,194 | -22.0% |
| Financial debts | 43 | €130,000 | €50,000 | -€80,000 | -61.5% |
| Credit institutions | 430/8 | €130,000 | €50,000 | -€80,000 | -61.5% |
| Trade debts | 44 | €1,081,683 | €790,490 | -€291,193 | -26.9% |
| Suppliers | 440/4 | €1,081,683 | €790,490 | -€291,193 | -26.9% |
| Taxes, remuneration and social security | 45 | €8,943 | €7,181 | -€1,762 | -19.7% |
| Taxes | 450/3 | €7,173 | €7,181 | +€8 | +0.1% |
| Remuneration and social security | 454/9 | €1,770 | - | -€1,770 | |
| Other amounts payable | 47/48 | €23,114 | €3,270 | -€19,845 | -85.9% |
| Accrued charges and deferred income | 492/3 | - | €1,387 | +€1,387 | |
| Non-recurring operating income | 76A | €3,275 | - | -€3,275 | |
| Remuneration, social security and pensions | 62 | €52,468 | €1,686 | -€50,782 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368,402 | €269,672 | -€98,730 | -26.8% |
| Other operating charges | 640/8 | €10,055 | €36,070 | +€26,015 | +258.7% |
| Non-recurring operating charges | 66A | €6,427 | €1,044 | -€5,383 | -83.8% |
| Gross operating margin | 9900 | €548,406 | €276,321 | -€272,084 | -49.6% |
| Operating profit (loss) | 9901 | €111,053 | -€32,151 | -€143,204 | |
| Financial income | 75/76B | €241 | €163 | -€78 | -32.3% |
| Recurring financial income | 75 | €241 | €3 | -€237 | -98.6% |
| Non-recurring financial income | 76B | - | €159 | +€159 | |
| Financial charges | 65/66B | €108,312 | €74,865 | -€33,448 | -30.9% |
| Recurring financial charges | 65 | €108,312 | €74,865 | -€33,448 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €2,982 | -€106,852 | -€109,834 | |
| Transfer from deferred taxes | 780 | €4,250 | €4,250 | = | 0.0% |
| Income taxes | 67/77 | €6,483 | - | -€6,483 | |
| Profit (loss) for the period | 9904 | €749 | -€102,602 | -€103,351 | |
| Transfer from tax-exempt reserves | 789 | €12,750 | €12,750 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,499 | -€89,852 | -€103,351 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.