METAALCONSTRUCTIE KURT DEMAREZ: 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.
METAALCONSTRUCTIE KURT DEMAREZ
Largest movements
- Cash +€43,711
up €43,711 (+251%), from €17,415 to €61,127
mainly Net result for the year (+€35,488) and Tax, wage and social debts (+€10,559)
- Receivables within one year +€8,624
up €8,624 (+25.2%), from €34,173 to €42,797
of which Other amounts receivable: +€5,357
- Tangible fixed assets -€8,238
down €8,238 (-41.5%), from €19,852 to €11,614
of which Plant, machinery and equipment: -€6,738
- Reserves +€35,488
up €35,488 (+65.6%), from €54,121 to €89,609
- Tax, wage and social debts +€10,559
up €10,559 (+106%), from €9,980 to €20,538
of which Taxes: +€13,059
- Gross operating margin +€15,756
up €15,756 (+32.7%), from €48,253 to €64,009
- Write-downs -€5,840
down €5,840 (-100%), from €5,840 to €0
- Taxes +€5,704
up €5,704 (+58.8%), from €9,697 to €15,401
- Financial charges +€3,805
up €3,805 (+251%), from €1,518 to €5,323
- Financial income +€2,774
up €2,774 (+267%), from €1,039 to €3,813
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 | €139,440 | €183,537 | +€44,097 | +31.6% |
| Fixed assets | 21/28 | €23,852 | €15,614 | -€8,238 | -34.5% |
| Tangible fixed assets | 22/27 | €19,852 | €11,614 | -€8,238 | -41.5% |
| Plant, machinery and equipment | 23 | €14,319 | €7,581 | -€6,738 | -47.1% |
| Furniture and vehicles | 24 | €5,533 | €4,033 | -€1,500 | -27.1% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €115,589 | €167,924 | +€52,335 | +45.3% |
| Amounts receivable after more than one year | 29 | €64,000 | €64,000 | = | 0.0% |
| Other amounts receivable | 291 | €64,000 | €64,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,173 | €42,797 | +€8,624 | +25.2% |
| Trade receivables | 40 | €24,815 | €28,082 | +€3,267 | +13.2% |
| Other amounts receivable | 41 | €9,358 | €14,715 | +€5,357 | +57.2% |
| Cash at bank and in hand | 54/58 | €17,415 | €61,127 | +€43,711 | +251% |
| Total equity and liabilities | 10/49 | €139,440 | €183,537 | +€44,097 | +31.6% |
| Equity | 10/15 | €74,121 | €109,609 | +€35,488 | +47.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €54,121 | €89,609 | +€35,488 | +65.6% |
| Distributable reserves | 133 | €54,121 | €89,609 | +€35,488 | +65.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,319 | €73,929 | +€8,610 | +13.2% |
| Amounts payable within one year | 42/48 | €64,701 | €73,620 | +€8,919 | +13.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €4,722 | €3,081 | -€1,640 | -34.7% |
| Suppliers | 440/4 | €4,722 | €3,081 | -€1,640 | -34.7% |
| Taxes, remuneration and social security | 45 | €9,980 | €20,538 | +€10,559 | +106% |
| Taxes | 450/3 | €4,980 | €18,038 | +€13,059 | +262% |
| Remuneration and social security | 454/9 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €618 | €309 | -€309 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,488 | €8,238 | -€250 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,840 | €0 | -€5,840 | -100% |
| Other operating charges | 640/8 | €4,201 | €3,373 | -€828 | -19.7% |
| Gross operating margin | 9900 | €48,253 | €64,009 | +€15,756 | +32.7% |
| Operating profit (loss) | 9901 | €29,724 | €52,398 | +€22,674 | +76.3% |
| Financial income | 75/76B | €1,039 | €3,813 | +€2,774 | +267% |
| Recurring financial income | 75 | €1,039 | €3,813 | +€2,774 | +267% |
| Financial charges | 65/66B | €1,518 | €5,323 | +€3,805 | +251% |
| Recurring financial charges | 65 | €1,518 | €5,323 | +€3,805 | +251% |
| Profit (loss) for the period before taxes | 9903 | €29,245 | €50,888 | +€21,643 | +74.0% |
| Income taxes | 67/77 | €9,697 | €15,401 | +€5,704 | +58.8% |
| Profit (loss) for the period | 9904 | €19,548 | €35,488 | +€15,940 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,548 | €35,488 | +€15,940 | +81.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.