SRL DEMSA: 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.
SRL DEMSA
Largest movements
- Receivables within one year +€3,139
up €3,139 (+245.8%), from €1,277 to €4,416
- Tangible fixed assets -€2,889
down €2,889 (-74.0%), from €3,904 to €1,015
of which Furniture and vehicles: -€2,014
- Cash -€182
down €182 (-3.6%), from €5,128 to €4,946
mainly Tax, wage and social debts (-€5,414) and Receivables within one year (-€3,139)
- Tax, wage and social debts -€5,414
down €5,414 (-53.1%), from €10,197 to €4,783
of which Remuneration and social security: -€5,370
- Profit (loss) carried forward +€4,612
up €4,612, from -€1,307 to €3,305
- Trade debts +€869
up €869 (+61.3%), from €1,418 to €2,288
- Staff costs -€18,571
down €18,571 (-51.3%), from €36,234 to €17,663
- Gross operating margin -€10,271
down €10,271 (-24.5%), from €41,915 to €31,643
- Financial charges +€1,803
up €1,803 (+88.5%), from €2,038 to €3,842
- Taxes +€1,454
new in 2025: €1,454
- Depreciation -€958
down €958 (-24.9%), from €3,847 to €2,889
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,309 | €13,376 | +€68 | +0.5% |
| Fixed assets | 21/28 | €6,904 | €4,015 | -€2,889 | -41.9% |
| Tangible fixed assets | 22/27 | €3,904 | €1,015 | -€2,889 | -74.0% |
| Furniture and vehicles | 24 | €2,334 | €319 | -€2,014 | -86.3% |
| Other tangible fixed assets | 26 | €1,570 | €695 | -€875 | -55.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €6,405 | €9,362 | +€2,957 | +46.2% |
| Amounts receivable within one year | 40/41 | €1,277 | €4,416 | +€3,139 | +245.8% |
| Other amounts receivable | 41 | €1,277 | €4,416 | +€3,139 | +245.8% |
| Cash at bank and in hand | 54/58 | €5,128 | €4,946 | -€182 | -3.6% |
| Total equity and liabilities | 10/49 | €13,309 | €13,376 | +€68 | +0.5% |
| Equity | 10/15 | €1,693 | €6,305 | +€4,612 | +272.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,307 | €3,305 | +€4,612 | |
| Amounts payable | 17/49 | €11,616 | €7,071 | -€4,545 | -39.1% |
| Amounts payable within one year | 42/48 | €11,616 | €7,071 | -€4,545 | -39.1% |
| Trade debts | 44 | €1,418 | €2,288 | +€869 | +61.3% |
| Suppliers | 440/4 | €1,418 | €2,288 | +€869 | +61.3% |
| Taxes, remuneration and social security | 45 | €10,197 | €4,783 | -€5,414 | -53.1% |
| Taxes | 450/3 | €3,651 | €3,606 | -€44 | -1.2% |
| Remuneration and social security | 454/9 | €6,547 | €1,177 | -€5,370 | -82.0% |
| Remuneration, social security and pensions | 62 | €36,234 | €17,663 | -€18,571 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,847 | €2,889 | -€958 | -24.9% |
| Other operating charges | 640/8 | €1,105 | €1,304 | +€199 | +18.0% |
| Gross operating margin | 9900 | €41,915 | €31,643 | -€10,271 | -24.5% |
| Operating profit (loss) | 9901 | €729 | €9,787 | +€9,058 | +1242.2% |
| Financial income | 75/76B | €2 | €121 | +€119 | +5910.0% |
| Recurring financial income | 75 | €2 | €121 | +€119 | +5910.0% |
| Financial charges | 65/66B | €2,038 | €3,842 | +€1,803 | +88.5% |
| Recurring financial charges | 65 | €2,038 | €3,842 | +€1,803 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,307 | €6,066 | +€7,373 | |
| Income taxes | 67/77 | - | €1,454 | +€1,454 | |
| Profit (loss) for the period | 9904 | -€1,307 | €4,612 | +€5,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,307 | €4,612 | +€5,920 |
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 3 October 2026 via checked.be.