DEM.AGU: 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.
DEM.AGU
Largest movements
- Receivables within one year -€12,139
no longer reported in 2025 (was €12,139)
of which Trade receivables: -€11,827
- Cash -€11,968
down €11,968 (-64.2%), from €18,634 to €6,666
mainly Other debts (-€19,979) and Tax, wage and social debts (-€5,388)
- Tangible fixed assets -€3,546
down €3,546 (-57.2%), from €6,197 to €2,651
of which Plant, machinery and equipment: -€2,389
- Stocks and contracts +€1,559
up €1,559 (+38.5%), from €4,054 to €5,613
- Deferred charges and accrued income +€808
up €808 (+23.0%), from €3,512 to €4,320
- Other debts -€19,979
down €19,979 (-73.8%), from €27,072 to €7,093
- Tax, wage and social debts -€5,388
down €5,388 (-31.1%), from €17,320 to €11,932
of which Remuneration and social security: -€6,347
- Profit (loss) carried forward +€4,687
up €4,687 (+55.2%), from -€8,490 to -€3,803
- Trade debts -€3,879
down €3,879 (-87.0%), from €4,457 to €578
- Advances received -€727
no longer reported in 2025 (was €727)
- Gross operating margin -€9,216
down €9,216 (-15.8%), from €58,499 to €49,283
- Staff costs -€3,243
down €3,243 (-8.3%), from €38,987 to €35,744
- Financial charges -€1,490
down €1,490 (-99.8%), from €1,493 to €3
- Taxes -€917
down €917 (-41.8%), from €2,194 to €1,277
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 | €46,586 | €21,300 | -€25,286 | -54.3% |
| Fixed assets | 21/28 | €8,247 | €4,701 | -€3,546 | -43.0% |
| Tangible fixed assets | 22/27 | €6,197 | €2,651 | -€3,546 | -57.2% |
| Plant, machinery and equipment | 23 | €3,886 | €1,497 | -€2,389 | -61.5% |
| Furniture and vehicles | 24 | €2,311 | €1,154 | -€1,157 | -50.1% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €38,339 | €16,599 | -€21,740 | -56.7% |
| Stocks and contracts in progress | 3 | €4,054 | €5,613 | +€1,559 | +38.5% |
| Stocks | 30/36 | €4,054 | €5,613 | +€1,559 | +38.5% |
| Amounts receivable within one year | 40/41 | €12,139 | - | -€12,139 | |
| Trade receivables | 40 | €11,827 | - | -€11,827 | |
| Other amounts receivable | 41 | €312 | - | -€312 | |
| Cash at bank and in hand | 54/58 | €18,634 | €6,666 | -€11,968 | -64.2% |
| Deferred charges and accrued income | 490/1 | €3,512 | €4,320 | +€808 | +23.0% |
| Total equity and liabilities | 10/49 | €46,586 | €21,300 | -€25,286 | -54.3% |
| Equity | 10/15 | -€2,990 | €1,697 | +€4,687 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,490 | -€3,803 | +€4,687 | +55.2% |
| Amounts payable | 17/49 | €49,576 | €19,603 | -€29,973 | -60.5% |
| Amounts payable within one year | 42/48 | €49,576 | €19,603 | -€29,973 | -60.5% |
| Trade debts | 44 | €4,457 | €578 | -€3,879 | -87.0% |
| Suppliers | 440/4 | €4,457 | €578 | -€3,879 | -87.0% |
| Advances received on contracts in progress | 46 | €727 | - | -€727 | |
| Taxes, remuneration and social security | 45 | €17,320 | €11,932 | -€5,388 | -31.1% |
| Taxes | 450/3 | €5,124 | €6,083 | +€959 | +18.7% |
| Remuneration and social security | 454/9 | €12,196 | €5,849 | -€6,347 | -52.0% |
| Other amounts payable | 47/48 | €27,072 | €7,093 | -€19,979 | -73.8% |
| Remuneration, social security and pensions | 62 | €38,987 | €35,744 | -€3,243 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,547 | €3,546 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,810 | €2,248 | +€438 | +24.2% |
| Non-recurring operating charges | 66A | €4,650 | €1,893 | -€2,757 | -59.3% |
| Gross operating margin | 9900 | €58,499 | €49,283 | -€9,216 | -15.8% |
| Operating profit (loss) | 9901 | €9,505 | €5,852 | -€3,653 | -38.4% |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €1,493 | €3 | -€1,490 | -99.8% |
| Recurring financial charges | 65 | €1,493 | €3 | -€1,490 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €8,012 | €5,964 | -€2,048 | -25.6% |
| Income taxes | 67/77 | €2,194 | €1,277 | -€917 | -41.8% |
| Profit (loss) for the period | 9904 | €5,818 | €4,687 | -€1,131 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,818 | €4,687 | -€1,131 | -19.4% |
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 19 October 2026 via checked.be.