DEM CONSTRUCT: what changed
DEM CONSTRUCT
Largest movements
- Cash -€12,727
down €12,727 (-39.2%), from €32,436 to €19,709
mainly Trade debts (-€29,113) and Debts after one year (-€4,034)
- Receivables within one year -€12,049
down €12,049 (-15.0%), from €80,480 to €68,431
of which Trade receivables: -€15,221
- Tangible fixed assets -€5,875
down €5,875 (-38.7%), from €15,177 to €9,302
of which Furniture and vehicles: -€5,875
- Deferred charges and accrued income +€1,445
up €1,445 (+162%), from €890 to €2,335
- Trade debts -€29,113
down €29,113 (-92.1%), from €31,602 to €2,489
- Debts after one year -€4,034
down €4,034 (-53.7%), from €7,518 to €3,484
- Tax, wage and social debts +€3,564
up €3,564 (+26.3%), from €13,553 to €17,117
of which Taxes: +€5,976
- Other debts +€1,546
up €1,546 (+4.6%), from €33,250 to €34,796
- Taxes +€26,193
up €26,193 (+553%), from €4,733 to €30,925
- Gross operating margin +€13,308
up €13,308 (+44.7%), from €29,768 to €43,076
- Depreciation -€758
down €758 (-11.4%), from €6,633 to €5,875
- Financial charges -€552
down €552 (-11.6%), from €4,754 to €4,202
- Other operating charges +€521
up €521 (+18.9%), from €2,762 to €3,283
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,984 | €99,777 | -€29,207 | -22.6% |
| Fixed assets | 21/28 | €15,177 | €9,302 | -€5,875 | -38.7% |
| Tangible fixed assets | 22/27 | €15,177 | €9,302 | -€5,875 | -38.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,177 | €9,302 | -€5,875 | -38.7% |
| Current assets | 29/58 | €113,807 | €90,475 | -€23,332 | -20.5% |
| Amounts receivable within one year | 40/41 | €80,480 | €68,431 | -€12,049 | -15.0% |
| Trade receivables | 40 | €76,016 | €60,795 | -€15,221 | -20.0% |
| Other amounts receivable | 41 | €4,465 | €7,636 | +€3,172 | +71.0% |
| Cash at bank and in hand | 54/58 | €32,436 | €19,709 | -€12,727 | -39.2% |
| Deferred charges and accrued income | 490/1 | €890 | €2,335 | +€1,445 | +162% |
| Total equity and liabilities | 10/49 | €128,984 | €99,777 | -€29,207 | -22.6% |
| Equity | 10/15 | €37,248 | €36,038 | -€1,210 | -3.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €27,791 | €27,791 | = | 0.0% |
| Distributable reserves | 133 | €27,791 | €27,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,397 | €188 | -€1,210 | -86.6% |
| Amounts payable | 17/49 | €91,736 | €63,739 | -€27,997 | -30.5% |
| Amounts payable after more than one year | 17 | €7,518 | €3,484 | -€4,034 | -53.7% |
| Financial debts | 170/4 | €7,518 | €3,484 | -€4,034 | -53.7% |
| Amounts payable within one year | 42/48 | €84,218 | €59,437 | -€24,781 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €5,813 | €5,034 | -€779 | -13.4% |
| Trade debts | 44 | €31,602 | €2,489 | -€29,113 | -92.1% |
| Suppliers | 440/4 | €31,602 | €2,489 | -€29,113 | -92.1% |
| Taxes, remuneration and social security | 45 | €13,553 | €17,117 | +€3,564 | +26.3% |
| Taxes | 450/3 | €1,833 | €7,809 | +€5,976 | +326% |
| Remuneration and social security | 454/9 | €11,721 | €9,309 | -€2,412 | -20.6% |
| Other amounts payable | 47/48 | €33,250 | €34,796 | +€1,546 | +4.6% |
| Accrued charges and deferred income | 492/3 | - | €818 | +€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,633 | €5,875 | -€758 | -11.4% |
| Other operating charges | 640/8 | €2,762 | €3,283 | +€521 | +18.9% |
| Gross operating margin | 9900 | €29,768 | €43,076 | +€13,308 | +44.7% |
| Operating profit (loss) | 9901 | €20,373 | €33,918 | +€13,545 | +66.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,754 | €4,202 | -€552 | -11.6% |
| Recurring financial charges | 65 | €4,754 | €4,202 | -€552 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €15,619 | €29,716 | +€14,097 | +90.3% |
| Income taxes | 67/77 | €4,733 | €30,925 | +€26,193 | +553% |
| Profit (loss) for the period | 9904 | €10,886 | -€1,210 | -€12,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,886 | -€1,210 | -€12,096 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.