D.E.M -Solutions: 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.
D.E.M -Solutions
Largest movements
- Receivables within one year +€89,548
up €89,548 (+227.1%), from €39,435 to €128,983
of which Trade receivables: +€90,136
- Stocks and contracts +€17,605
up €17,605 (+148.0%), from €11,895 to €29,500
- Tangible fixed assets -€9,212
down €9,212 (-22.7%), from €40,505 to €31,294
of which Plant, machinery and equipment: -€5,564
- Trade debts +€73,623
up €73,623 (+297.8%), from €24,724 to €98,347
- Reserves +€22,196
up €22,196 (+462.1%), from €4,804 to €27,000
- Other debts -€15,926
down €15,926 (-51.7%), from €30,812 to €14,886
- Tax, wage and social debts +€9,404
up €9,404 (+83.0%), from €11,327 to €20,731
of which Taxes: +€12,443
- Short-term financial debts +€7,768
up €7,768 (+40.3%), from €19,291 to €27,059
- Gross operating margin +€32,778
up €32,778 (+169.9%), from €19,291 to €52,069
- Depreciation +€6,236
up €6,236 (+69.8%), from €8,937 to €15,173
- Taxes +€4,881
up €4,881 (+353.6%), from €1,381 to €6,262
- Financial charges +€4,082
up €4,082 (+145.2%), from €2,811 to €6,893
- Other operating charges +€928
new in 2025: €928
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 | €100,192 | €196,597 | +€96,405 | +96.2% |
| Fixed assets | 21/28 | €48,081 | €37,169 | -€10,912 | -22.7% |
| Intangible fixed assets | 21 | €7,576 | €5,876 | -€1,700 | -22.4% |
| Tangible fixed assets | 22/27 | €40,505 | €31,294 | -€9,212 | -22.7% |
| Plant, machinery and equipment | 23 | €31,323 | €25,758 | -€5,564 | -17.8% |
| Furniture and vehicles | 24 | €9,183 | €5,535 | -€3,647 | -39.7% |
| Current assets | 29/58 | €52,111 | €159,428 | +€107,317 | +205.9% |
| Stocks and contracts in progress | 3 | €11,895 | €29,500 | +€17,605 | +148.0% |
| Stocks | 30/36 | €11,895 | €29,500 | +€17,605 | +148.0% |
| Amounts receivable within one year | 40/41 | €39,435 | €128,983 | +€89,548 | +227.1% |
| Trade receivables | 40 | €37,648 | €127,785 | +€90,136 | +239.4% |
| Other amounts receivable | 41 | €1,787 | €1,199 | -€588 | -32.9% |
| Cash at bank and in hand | 54/58 | - | €8 | +€8 | |
| Deferred charges and accrued income | 490/1 | €781 | €937 | +€156 | +20.0% |
| Total equity and liabilities | 10/49 | €100,192 | €196,597 | +€96,405 | +96.2% |
| Equity | 10/15 | €9,804 | €32,000 | +€22,196 | +226.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,804 | €27,000 | +€22,196 | +462.1% |
| Distributable reserves | 133 | €4,804 | €27,000 | +€22,196 | +462.1% |
| Amounts payable | 17/49 | €90,388 | €164,598 | +€74,209 | +82.1% |
| Amounts payable after more than one year | 17 | €3,037 | €1,778 | -€1,259 | -41.4% |
| Financial debts | 170/4 | €3,037 | €1,778 | -€1,259 | -41.4% |
| Amounts payable within one year | 42/48 | €87,352 | €162,281 | +€74,929 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €1,198 | €1,259 | +€61 | +5.1% |
| Financial debts | 43 | €19,291 | €27,059 | +€7,768 | +40.3% |
| Credit institutions | 430/8 | €19,291 | €27,059 | +€7,768 | +40.3% |
| Trade debts | 44 | €24,724 | €98,347 | +€73,623 | +297.8% |
| Suppliers | 440/4 | €24,724 | €98,347 | +€73,623 | +297.8% |
| Taxes, remuneration and social security | 45 | €11,327 | €20,731 | +€9,404 | +83.0% |
| Taxes | 450/3 | €8,287 | €20,731 | +€12,443 | +150.1% |
| Remuneration and social security | 454/9 | €3,040 | - | -€3,040 | |
| Other amounts payable | 47/48 | €30,812 | €14,886 | -€15,926 | -51.7% |
| Accrued charges and deferred income | 492/3 | - | €539 | +€539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,937 | €15,173 | +€6,236 | +69.8% |
| Other operating charges | 640/8 | - | €928 | +€928 | |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €19,291 | €52,069 | +€32,778 | +169.9% |
| Operating profit (loss) | 9901 | €9,853 | €35,968 | +€26,114 | +265.0% |
| Financial income | 75/76B | €1 | €216 | +€216 | +34247.6% |
| Recurring financial income | 75 | €1 | €216 | +€216 | +34247.6% |
| Financial charges | 65/66B | €2,811 | €6,893 | +€4,082 | +145.2% |
| Recurring financial charges | 65 | €2,811 | €6,893 | +€4,082 | +145.2% |
| Profit (loss) for the period before taxes | 9903 | €7,043 | €29,291 | +€22,248 | +315.9% |
| Income taxes | 67/77 | €1,381 | €6,262 | +€4,881 | +353.6% |
| Profit (loss) for the period | 9904 | €5,663 | €23,029 | +€17,367 | +306.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,663 | €23,029 | +€17,367 | +306.7% |
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 29 September 2026 via checked.be.