F & M DEMTAL: 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.
F & M DEMTAL
Largest movements
- Cash -€213,145
down €213,145 (-48.2%), from €442,301 to €229,156
mainly Debts after one year (-€262,039) and Receivables after one year (-€97,071)
- Receivables after one year +€97,071
up €97,071 (+151%), from €64,424 to €161,496
- Tangible fixed assets -€53,364
down €53,364 (-15.5%), from €345,091 to €291,727
of which Land and buildings: -€31,645
- Debts after one year -€262,039
down €262,039 (-93.6%), from €279,941 to €17,902
- Profit (loss) carried forward +€119,026
up €119,026 (+28.8%), from €412,910 to €531,936
- Accrued charges and deferred income -€17,529
down €17,529 (-94.4%), from €18,569 to €1,040
- Current portion of long-term debt -€16,197
down €16,197 (-52.1%), from €31,078 to €14,881
- Tax, wage and social debts +€12,005
up €12,005 (+14.4%), from €83,303 to €95,308
of which Taxes: +€13,598
- Gross operating margin +€18,236
up €18,236 (+6.9%), from €265,999 to €284,235
- Staff costs -€14,353
down €14,353 (-22.6%), from €63,492 to €49,139
- Taxes +€9,283
up €9,283 (+23.5%), from €39,437 to €48,720
- Financial charges -€4,942
down €4,942 (-38.8%), from €12,724 to €7,782
- Other operating charges +€4,041
up €4,041 (+140%), from €2,894 to €6,935
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 | €862,119 | €691,960 | -€170,160 | -19.7% |
| Fixed assets | 21/28 | €345,091 | €291,727 | -€53,364 | -15.5% |
| Tangible fixed assets | 22/27 | €345,091 | €291,727 | -€53,364 | -15.5% |
| Land and buildings | 22 | €278,651 | €247,006 | -€31,645 | -11.4% |
| Plant, machinery and equipment | 23 | €22,832 | €15,186 | -€7,645 | -33.5% |
| Furniture and vehicles | 24 | €358 | €71 | -€287 | -80.1% |
| Leasing and similar rights | 25 | €43,251 | €29,464 | -€13,788 | -31.9% |
| Current assets | 29/58 | €517,028 | €400,233 | -€116,795 | -22.6% |
| Amounts receivable after more than one year | 29 | €64,424 | €161,496 | +€97,071 | +151% |
| Other amounts receivable | 291 | €64,424 | €161,496 | +€97,071 | +151% |
| Cash at bank and in hand | 54/58 | €442,301 | €229,156 | -€213,145 | -48.2% |
| Deferred charges and accrued income | 490/1 | €10,303 | €9,582 | -€721 | -7.0% |
| Total equity and liabilities | 10/49 | €862,119 | €691,960 | -€170,160 | -19.7% |
| Equity | 10/15 | €439,311 | €558,337 | +€119,026 | +27.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €14,001 | €14,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €12,141 | €14,001 | +€1,860 | +15.3% |
| Profit (loss) carried forward | 14 | €412,910 | €531,936 | +€119,026 | +28.8% |
| Amounts payable | 17/49 | €422,808 | €133,622 | -€289,186 | -68.4% |
| Amounts payable after more than one year | 17 | €279,941 | €17,902 | -€262,039 | -93.6% |
| Financial debts | 170/4 | €279,941 | €17,902 | -€262,039 | -93.6% |
| Amounts payable within one year | 42/48 | €124,298 | €114,680 | -€9,618 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €31,078 | €14,881 | -€16,197 | -52.1% |
| Trade debts | 44 | €9,917 | €4,491 | -€5,426 | -54.7% |
| Suppliers | 440/4 | €9,917 | €4,491 | -€5,426 | -54.7% |
| Taxes, remuneration and social security | 45 | €83,303 | €95,308 | +€12,005 | +14.4% |
| Taxes | 450/3 | €75,176 | €88,774 | +€13,598 | +18.1% |
| Remuneration and social security | 454/9 | €8,128 | €6,534 | -€1,594 | -19.6% |
| Accrued charges and deferred income | 492/3 | €18,569 | €1,040 | -€17,529 | -94.4% |
| Remuneration, social security and pensions | 62 | €63,492 | €49,139 | -€14,353 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,424 | €53,364 | -€1,059 | -1.9% |
| Other operating charges | 640/8 | €2,894 | €6,935 | +€4,041 | +140% |
| Non-recurring operating charges | 66A | €2,882 | - | -€2,882 | |
| Gross operating margin | 9900 | €265,999 | €284,235 | +€18,236 | +6.9% |
| Operating profit (loss) | 9901 | €142,308 | €174,796 | +€32,489 | +22.8% |
| Financial income | 75/76B | €1,828 | €731 | -€1,097 | -60.0% |
| Recurring financial income | 75 | €1,828 | €731 | -€1,097 | -60.0% |
| Financial charges | 65/66B | €12,724 | €7,782 | -€4,942 | -38.8% |
| Recurring financial charges | 65 | €12,724 | €7,782 | -€4,942 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €131,412 | €167,746 | +€36,334 | +27.6% |
| Income taxes | 67/77 | €39,437 | €48,720 | +€9,283 | +23.5% |
| Profit (loss) for the period | 9904 | €91,975 | €119,026 | +€27,051 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,975 | €119,026 | +€27,051 | +29.4% |
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 25 October 2026 via checked.be.