S.C. DEMA: 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.
S.C. DEMA
Largest movements
- Stocks and contracts -€36,078
down €36,078 (-14.5%), from €248,333 to €212,255
of which Stocks: -€21,378
- Tangible fixed assets +€23,417
up €23,417 (+15.5%), from €150,920 to €174,337
of which Land and buildings: +€24,578
- Receivables within one year +€16,588
up €16,588 (+33.2%), from €49,985 to €66,573
of which Trade receivables: +€16,354
- Reserves +€29,958
up €29,958 (+38.2%), from €78,459 to €108,417
of which Distributable reserves: +€29,958
- Contributions -€14,000
down €14,000 (-9.7%), from €144,000 to €130,000
- Current portion of long-term debt +€12,877
new in 2025: €12,877
- Tax, wage and social debts -€12,510
down €12,510 (-39.2%), from €31,916 to €19,406
of which Taxes: -€11,286
- Other debts -€11,701
down €11,701 (-20.3%), from €57,689 to €45,989
- Gross operating margin +€41,953
up €41,953 (+18.6%), from €225,885 to €267,838
- Staff costs +€32,455
up €32,455 (+18.9%), from €171,642 to €204,097
- Financial charges +€3,237
up €3,237 (+26.4%), from €12,260 to €15,497
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 | €475,923 | €477,280 | +€1,357 | +0.3% |
| Fixed assets | 21/28 | €150,920 | €174,337 | +€23,417 | +15.5% |
| Tangible fixed assets | 22/27 | €150,920 | €174,337 | +€23,417 | +15.5% |
| Land and buildings | 22 | €106,372 | €130,949 | +€24,578 | +23.1% |
| Plant, machinery and equipment | 23 | €39,281 | €38,503 | -€778 | -2.0% |
| Furniture and vehicles | 24 | €5,267 | €4,885 | -€382 | -7.3% |
| Current assets | 29/58 | €325,003 | €302,943 | -€22,060 | -6.8% |
| Stocks and contracts in progress | 3 | €248,333 | €212,255 | -€36,078 | -14.5% |
| Stocks | 30/36 | €138,833 | €117,455 | -€21,378 | -15.4% |
| Contracts in progress | 37 | €109,500 | €94,800 | -€14,700 | -13.4% |
| Amounts receivable within one year | 40/41 | €49,985 | €66,573 | +€16,588 | +33.2% |
| Trade receivables | 40 | €49,985 | €66,339 | +€16,354 | +32.7% |
| Other amounts receivable | 41 | - | €235 | +€235 | |
| Cash at bank and in hand | 54/58 | €19,324 | €16,141 | -€3,183 | -16.5% |
| Deferred charges and accrued income | 490/1 | €7,361 | €7,974 | +€613 | +8.3% |
| Total equity and liabilities | 10/49 | €475,923 | €477,280 | +€1,357 | +0.3% |
| Equity | 10/15 | €256,275 | €271,660 | +€15,385 | +6.0% |
| Contributions | 10/11 | €144,000 | €130,000 | -€14,000 | -9.7% |
| Reserves | 13 | €78,459 | €108,417 | +€29,958 | +38.2% |
| Tax-exempt reserves | 132 | €38,839 | €38,839 | = | 0.0% |
| Distributable reserves | 133 | €39,620 | €69,578 | +€29,958 | +75.6% |
| Profit (loss) carried forward | 14 | €29,297 | €29,297 | = | 0.0% |
| Investment grants | 15 | €4,519 | €3,945 | -€573 | -12.7% |
| Amounts payable | 17/49 | €219,648 | €205,621 | -€14,027 | -6.4% |
| Amounts payable after more than one year | 17 | - | €9,481 | +€9,481 | |
| Financial debts | 170/4 | - | €9,481 | +€9,481 | |
| Amounts payable within one year | 42/48 | €218,560 | €191,860 | -€26,700 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,877 | +€12,877 | |
| Financial debts | 43 | €75,000 | €65,000 | -€10,000 | -13.3% |
| Credit institutions | 430/8 | €75,000 | €65,000 | -€10,000 | -13.3% |
| Trade debts | 44 | €53,954 | €48,588 | -€5,366 | -9.9% |
| Suppliers | 440/4 | €53,954 | €48,588 | -€5,366 | -9.9% |
| Taxes, remuneration and social security | 45 | €31,916 | €19,406 | -€12,510 | -39.2% |
| Taxes | 450/3 | €21,091 | €9,805 | -€11,286 | -53.5% |
| Remuneration and social security | 454/9 | €10,825 | €9,601 | -€1,224 | -11.3% |
| Other amounts payable | 47/48 | €57,689 | €45,989 | -€11,701 | -20.3% |
| Accrued charges and deferred income | 492/3 | €1,089 | €4,280 | +€3,191 | +293% |
| Remuneration, social security and pensions | 62 | €171,642 | €204,097 | +€32,455 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,224 | €17,553 | +€329 | +1.9% |
| Other operating charges | 640/8 | €6,266 | €6,502 | +€236 | +3.8% |
| Gross operating margin | 9900 | €225,885 | €267,838 | +€41,953 | +18.6% |
| Operating profit (loss) | 9901 | €30,753 | €39,686 | +€8,933 | +29.0% |
| Financial income | 75/76B | €604 | €697 | +€92 | +15.3% |
| Recurring financial income | 75 | €604 | €697 | +€92 | +15.3% |
| Financial charges | 65/66B | €12,260 | €15,497 | +€3,237 | +26.4% |
| Recurring financial charges | 65 | €12,260 | €15,497 | +€3,237 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €19,098 | €24,886 | +€5,788 | +30.3% |
| Income taxes | 67/77 | €6,833 | €8,928 | +€2,095 | +30.7% |
| Profit (loss) for the period | 9904 | €12,265 | €15,958 | +€3,693 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,265 | €15,958 | +€3,693 | +30.1% |
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 28 October 2026 via checked.be.