DEMAEGHT SANDRA: what changed
DEMAEGHT SANDRA
Largest movements
- Deferred charges and accrued income +€18,740
up €18,740 (+119%), from €15,806 to €34,547
- Cash +€13,759
up €13,759 (+38.9%), from €35,401 to €49,160
mainly Net result for the year (+€29,275) and Tax, wage and social debts (+€2,553)
- Receivables within one year +€2,222
up €2,222 (+4.5%), from €49,144 to €51,366
- Reserves +€29,275
up €29,275 (+41.0%), from €71,373 to €100,648
- Tax, wage and social debts +€2,553
up €2,553 (+68.9%), from €3,706 to €6,259
of which Remuneration and social security: +€2,204
- Trade debts +€2,451
up €2,451 (+18.7%), from €13,092 to €15,543
- Gross operating margin +€14,837
up €14,837 (+48.8%), from €30,374 to €45,211
- Taxes +€3,555
up €3,555 (+32.1%), from €11,060 to €14,615
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,940 | €136,224 | +€34,284 | +33.6% |
| Fixed assets | 21/28 | €1,589 | €1,151 | -€438 | -27.6% |
| Tangible fixed assets | 22/27 | €1,139 | €701 | -€438 | -38.4% |
| Furniture and vehicles | 24 | €1,139 | €701 | -€438 | -38.4% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €100,351 | €135,073 | +€34,721 | +34.6% |
| Amounts receivable within one year | 40/41 | €49,144 | €51,366 | +€2,222 | +4.5% |
| Other amounts receivable | 41 | €49,144 | €51,366 | +€2,222 | +4.5% |
| Cash at bank and in hand | 54/58 | €35,401 | €49,160 | +€13,759 | +38.9% |
| Deferred charges and accrued income | 490/1 | €15,806 | €34,547 | +€18,740 | +119% |
| Total equity and liabilities | 10/49 | €101,940 | €136,224 | +€34,284 | +33.6% |
| Equity | 10/15 | €83,773 | €113,048 | +€29,275 | +34.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €71,373 | €100,648 | +€29,275 | +41.0% |
| Distributable reserves | 133 | €71,373 | €100,648 | +€29,275 | +41.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,168 | €23,176 | +€5,008 | +27.6% |
| Amounts payable within one year | 42/48 | €18,154 | €23,151 | +€4,997 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €1,356 | €1,349 | -€7 | -0.5% |
| Trade debts | 44 | €13,092 | €15,543 | +€2,451 | +18.7% |
| Suppliers | 440/4 | €13,092 | €15,543 | +€2,451 | +18.7% |
| Taxes, remuneration and social security | 45 | €3,706 | €6,259 | +€2,553 | +68.9% |
| Taxes | 450/3 | €3,706 | €4,055 | +€349 | +9.4% |
| Remuneration and social security | 454/9 | €0 | €2,204 | +€2,204 | |
| Accrued charges and deferred income | 492/3 | €14 | €25 | +€11 | +82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195 | €438 | +€243 | +124% |
| Other operating charges | 640/8 | €561 | €500 | -€60 | -10.8% |
| Gross operating margin | 9900 | €30,374 | €45,211 | +€14,837 | +48.8% |
| Operating profit (loss) | 9901 | €29,618 | €44,273 | +€14,655 | +49.5% |
| Financial income | 75/76B | €239 | €202 | -€37 | -15.4% |
| Recurring financial income | 75 | €239 | €202 | -€37 | -15.4% |
| Financial charges | 65/66B | €355 | €584 | +€229 | +64.5% |
| Recurring financial charges | 65 | €355 | €584 | +€229 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €29,501 | €43,891 | +€14,389 | +48.8% |
| Income taxes | 67/77 | €11,060 | €14,615 | +€3,555 | +32.1% |
| Profit (loss) for the period | 9904 | €18,441 | €29,275 | +€10,834 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,441 | €29,275 | +€10,834 | +58.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.