DEMALI: what changed
DEMALI
Largest movements
- Receivables within one year +€9,389
up €9,389 (+125%), from €7,483 to €16,872
of which Trade receivables: +€8,704
- Cash +€3,352
up €3,352 (+76.9%), from €4,356 to €7,708
mainly Trade debts (+€16,820) and Other debts (+€11,063)
- Tangible fixed assets -€1,345
down €1,345 (-70.3%), from €1,912 to €567
- Deferred charges and accrued income +€681
up €681 (+50.4%), from €1,353 to €2,034
- Trade debts +€16,820
up €16,820 (+17,587%), from €96 to €16,916
- Reserves -€11,063
down €11,063 (-100%), from €11,063 to €0
- Other debts +€11,063
up €11,063, from €0 to €11,063
- Profit (loss) carried forward -€5,655
down €5,655 (-60.2%), from -€9,397 to -€15,052
- Tax, wage and social debts +€912
up €912 (+267%), from €342 to €1,254
of which Taxes: +€526
- Gross operating margin -€15,563
down €15,563, from €13,638 to -€1,925
- Other operating charges +€765
up €765 (+73.3%), from €1,044 to €1,809
- Financial charges -€497
down €497 (-44.8%), from €1,110 to €613
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 | €15,104 | €27,181 | +€12,077 | +80.0% |
| Fixed assets | 21/28 | €1,912 | €567 | -€1,345 | -70.3% |
| Tangible fixed assets | 22/27 | €1,912 | €567 | -€1,345 | -70.3% |
| Furniture and vehicles | 24 | €1,912 | €567 | -€1,345 | -70.3% |
| Current assets | 29/58 | €13,192 | €26,614 | +€13,421 | +102% |
| Amounts receivable within one year | 40/41 | €7,483 | €16,872 | +€9,389 | +125% |
| Trade receivables | 40 | €5,959 | €14,663 | +€8,704 | +146% |
| Other amounts receivable | 41 | €1,524 | €2,209 | +€685 | +45.0% |
| Cash at bank and in hand | 54/58 | €4,356 | €7,708 | +€3,352 | +76.9% |
| Deferred charges and accrued income | 490/1 | €1,353 | €2,034 | +€681 | +50.4% |
| Total equity and liabilities | 10/49 | €15,104 | €27,181 | +€12,077 | +80.0% |
| Equity | 10/15 | €14,667 | -€2,052 | -€16,718 | |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €11,063 | €0 | -€11,063 | -100% |
| Distributable reserves | 133 | €11,063 | €0 | -€11,063 | -100% |
| Profit (loss) carried forward | 14 | -€9,397 | -€15,052 | -€5,655 | -60.2% |
| Amounts payable | 17/49 | €438 | €29,233 | +€28,795 | +6,579% |
| Amounts payable within one year | 42/48 | €438 | €29,233 | +€28,795 | +6,579% |
| Trade debts | 44 | €96 | €16,916 | +€16,820 | +17,587% |
| Suppliers | 440/4 | €96 | €16,916 | +€16,820 | +17,587% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €342 | €1,254 | +€912 | +267% |
| Taxes | 450/3 | - | €526 | +€526 | |
| Remuneration and social security | 454/9 | €342 | €728 | +€386 | +113% |
| Other amounts payable | 47/48 | €0 | €11,063 | +€11,063 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6 | - | -€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,345 | €1,345 | = | 0.0% |
| Other operating charges | 640/8 | €1,044 | €1,809 | +€765 | +73.3% |
| Gross operating margin | 9900 | €13,638 | -€1,925 | -€15,563 | |
| Operating profit (loss) | 9901 | €11,244 | -€5,079 | -€16,322 | |
| Financial income | 75/76B | €5 | €36 | +€31 | +647% |
| Recurring financial income | 75 | €5 | €36 | +€31 | +647% |
| Financial charges | 65/66B | €1,110 | €613 | -€497 | -44.8% |
| Recurring financial charges | 65 | €1,110 | €613 | -€497 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €10,139 | -€5,655 | -€15,794 | |
| Profit (loss) for the period | 9904 | €10,139 | -€5,655 | -€15,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,139 | -€5,655 | -€15,794 |
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 4 November 2026 via checked.be.