DEMEVER: 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.
DEMEVER
Largest movements
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Cash -€31,044
down €31,044 (-45.9%), from €67,609 to €36,565
mainly Contributions, distributions and other (-€693,772) and Receivables within one year (-€14,038)
- Reserves -€415,873
down €415,873 (-16.6%), from €2.5m to €2.1m
- Other debts +€100,000
new in 2025: €100,000
- Gross operating margin -€117,018
down €117,018 (-24.6%), from €476,341 to €359,323
- Taxes -€28,818
down €28,818 (-25.1%), from €114,876 to €86,059
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 | €2,530,186 | €2,213,180 | -€317,006 | -12.5% |
| Fixed assets | 21/28 | €2,103,066 | €2,103,066 | = | 0.0% |
| Tangible fixed assets | 22/27 | €628,066 | €628,066 | = | 0.0% |
| Land and buildings | 22 | €628,066 | €628,066 | = | 0.0% |
| Financial fixed assets | 28 | €1,475,000 | €1,475,000 | = | 0.0% |
| Current assets | 29/58 | €427,120 | €110,114 | -€317,006 | -74.2% |
| Amounts receivable within one year | 40/41 | €59,511 | €73,549 | +€14,038 | +23.6% |
| Other amounts receivable | 41 | €59,511 | €73,549 | +€14,038 | +23.6% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €67,609 | €36,565 | -€31,044 | -45.9% |
| Total equity and liabilities | 10/49 | €2,530,186 | €2,213,180 | -€317,006 | -12.5% |
| Equity | 10/15 | €2,522,362 | €2,106,489 | -€415,873 | -16.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,502,362 | €2,086,489 | -€415,873 | -16.6% |
| Distributable reserves | 133 | €2,502,362 | €2,086,489 | -€415,873 | -16.6% |
| Amounts payable | 17/49 | €7,823 | €106,691 | +€98,867 | +1,264% |
| Amounts payable within one year | 42/48 | €7,523 | €106,691 | +€99,167 | +1,318% |
| Taxes, remuneration and social security | 45 | €7,523 | €6,691 | -€833 | -11.1% |
| Taxes | 450/3 | €4,123 | €6,691 | +€2,567 | +62.3% |
| Remuneration and social security | 454/9 | €3,400 | - | -€3,400 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Other operating charges | 640/8 | €179 | €184 | +€5 | +2.8% |
| Gross operating margin | 9900 | €476,341 | €359,323 | -€117,018 | -24.6% |
| Operating profit (loss) | 9901 | €476,162 | €359,139 | -€117,023 | -24.6% |
| Financial income | 75/76B | €3,398 | €4,883 | +€1,485 | +43.7% |
| Recurring financial income | 75 | €3,398 | €4,883 | +€1,485 | +43.7% |
| Financial charges | 65/66B | €54 | €64 | +€10 | +19.1% |
| Recurring financial charges | 65 | €54 | €64 | +€10 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €479,506 | €363,957 | -€115,549 | -24.1% |
| Income taxes | 67/77 | €114,876 | €86,059 | -€28,818 | -25.1% |
| Profit (loss) for the period | 9904 | €364,629 | €277,898 | -€86,731 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €364,629 | €277,898 | -€86,731 | -23.8% |
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 30 October 2026 via checked.be.