DEMA CONSULT: 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.
DEMA CONSULT
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+103.6%), from €1.6m to €3.2m
of which Land and buildings: +€1.6m
- Debts after one year +€1.7m
up €1.7m (+483.9%), from €342,544 to €2.0m
- Profit (loss) carried forward -€59,382
down €59,382 (-16.3%), from €365,399 to €306,017
- Depreciation +€210,974
up €210,974 (+229.4%), from €91,964 to €302,938
- Gross operating margin +€72,536
up €72,536 (+31.0%), from €233,767 to €306,303
- Taxes -€26,458
down €26,458 (-86.9%), from €30,431 to €3,973
- Financial charges +€26,071
up €26,071 (+107.7%), from €24,204 to €50,276
- Write-downs -€6,236
down €6,236 (-100.0%), from €6,236 to €0
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 | €1,598,853 | €3,179,006 | +€1.6m | +98.8% |
| Fixed assets | 21/28 | €1,550,264 | €3,156,899 | +€1.6m | +103.6% |
| Tangible fixed assets | 22/27 | €1,550,264 | €3,156,899 | +€1.6m | +103.6% |
| Land and buildings | 22 | €1,549,126 | €3,156,276 | +€1.6m | +103.7% |
| Plant, machinery and equipment | 23 | €1,138 | €623 | -€515 | -45.3% |
| Current assets | 29/58 | €48,589 | €22,107 | -€26,482 | -54.5% |
| Amounts receivable within one year | 40/41 | €6,092 | €9,808 | +€3,716 | +61.0% |
| Trade receivables | 40 | €6,092 | €4,808 | -€1,284 | -21.1% |
| Other amounts receivable | 41 | €0 | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €41,097 | €12,299 | -€28,798 | -70.1% |
| Deferred charges and accrued income | 490/1 | €1,400 | €0 | -€1,400 | -100.0% |
| Total equity and liabilities | 10/49 | €1,598,853 | €3,179,006 | +€1.6m | +98.8% |
| Equity | 10/15 | €1,121,735 | €1,062,352 | -€59,382 | -5.3% |
| Contributions | 10/11 | €601,500 | €601,500 | = | 0.0% |
| Capital | 10 | €601,500 | €601,500 | = | 0.0% |
| Issued capital | 100 | €601,500 | €601,500 | = | 0.0% |
| Reserves | 13 | €154,835 | €154,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,474 | €12,474 | = | 0.0% |
| Legal reserve | 130 | €12,474 | €12,474 | = | 0.0% |
| Distributable reserves | 133 | €142,361 | €142,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,399 | €306,017 | -€59,382 | -16.3% |
| Amounts payable | 17/49 | €477,119 | €2,116,654 | +€1.6m | +343.6% |
| Amounts payable after more than one year | 17 | €342,544 | €2,000,000 | +€1.7m | +483.9% |
| Financial debts | 170/4 | €342,544 | €2,000,000 | +€1.7m | +483.9% |
| Amounts payable within one year | 42/48 | €128,370 | €110,252 | -€18,118 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €38,546 | €12,544 | -€26,002 | -67.5% |
| Trade debts | 44 | €54,137 | €63,492 | +€9,355 | +17.3% |
| Suppliers | 440/4 | €54,137 | €63,492 | +€9,355 | +17.3% |
| Taxes, remuneration and social security | 45 | €15,996 | €9,526 | -€6,470 | -40.4% |
| Taxes | 450/3 | €15,996 | €9,526 | -€6,470 | -40.4% |
| Other amounts payable | 47/48 | €19,691 | €24,691 | +€5,000 | +25.4% |
| Accrued charges and deferred income | 492/3 | €6,205 | €6,401 | +€196 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,964 | €302,938 | +€210,974 | +229.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,236 | €0 | -€6,236 | -100.0% |
| Other operating charges | 640/8 | €11,948 | €12,482 | +€534 | +4.5% |
| Gross operating margin | 9900 | €233,767 | €306,303 | +€72,536 | +31.0% |
| Operating profit (loss) | 9901 | €123,620 | -€9,117 | -€132,737 | |
| Financial income | 75/76B | €197 | €3,984 | +€3,786 | +1918.3% |
| Recurring financial income | 75 | €197 | €3,984 | +€3,786 | +1918.3% |
| Financial charges | 65/66B | €24,204 | €50,276 | +€26,071 | +107.7% |
| Recurring financial charges | 65 | €24,204 | €50,276 | +€26,071 | +107.7% |
| Profit (loss) for the period before taxes | 9903 | €99,613 | -€55,409 | -€155,022 | |
| Income taxes | 67/77 | €30,431 | €3,973 | -€26,458 | -86.9% |
| Profit (loss) for the period | 9904 | €69,182 | -€59,382 | -€128,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,182 | -€59,382 | -€128,564 |
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 10 October 2026 via checked.be.