DEMALOGI: what changed
What changed
DEMALOGI
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€26,557
2024 · €373,111-€346,554
Equity
€4.3m
2024 · €4.3m+€26,557
Cash
€8,205
2024 · €3,881+€4,324
Balance sheet total
€4.4m
2024 · €5.7m-€1.3m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-42.7%), from €3.0m to €1.7m
of which Other amounts receivable: -€1.3m
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-89.5%), from €1.5m to €156,496
Income statement
- Financial income -€348,849
down €348,849 (-85.7%), from €406,939 to €58,090
- Financial charges -€2,733
down €2,733 (-8.8%), from €31,069 to €28,336
- Taxes +€1,037
up €1,037 (+12.3%), from €8,415 to €9,453
- Gross operating margin +€693
up €693 (+10.3%), from €6,757 to €7,450
- Other operating charges +€93
up €93 (+8.5%), from €1,101 to €1,194
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.
Result 2024
€373,111
Gross operating margin
+€693
Other operating charges
-€93
Financial income
-€348,849
Financial charges
+€2,733
Taxes
-€1,037
Result 2025
€26,557
raises the resultlowers the result
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.
From operations
+€4,324
Investment
€0
Financing
€0
Cash 2024
€3,881
From operations (derived)
+€4,324
Net result for the year
+€26,557
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€52,239
Trade debts
+€83
Tax, wage and social debts
-€4,963
Other debts
-€1.3m
Cash 2025
€8,205
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,749,499 | €4,437,552 | -€1.3m | -22.8% |
| Fixed assets | 21/28 | €2,729,810 | €2,729,810 | = | 0.0% |
| Financial fixed assets | 28 | €2,729,810 | €2,729,810 | = | 0.0% |
| Current assets | 29/58 | €3,019,689 | €1,707,742 | -€1.3m | -43.4% |
| Amounts receivable within one year | 40/41 | €2,963,569 | €1,699,537 | -€1.3m | -42.7% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,951,569 | €1,687,537 | -€1.3m | -42.8% |
| Cash at bank and in hand | 54/58 | €3,881 | €8,205 | +€4,324 | +111% |
| Deferred charges and accrued income | 490/1 | €52,239 | €0 | -€52,239 | -100% |
| Total equity and liabilities | 10/49 | €5,749,499 | €4,437,552 | -€1.3m | -22.8% |
| Equity | 10/15 | €4,250,963 | €4,277,520 | +€26,557 | +0.6% |
| Contributions | 10/11 | €2,769,810 | €2,769,810 | = | 0.0% |
| Reserves | 13 | €1,481,153 | €1,507,710 | +€26,557 | +1.8% |
| Non-distributable reserves | 130/1 | €190 | €190 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €190 | +€190 | |
| Other | 1319 | €190 | - | -€190 | |
| Distributable reserves | 133 | €1,480,963 | €1,507,520 | +€26,557 | +1.8% |
| Amounts payable | 17/49 | €1,498,536 | €160,031 | -€1.3m | -89.3% |
| Amounts payable within one year | 42/48 | €1,498,536 | €160,031 | -€1.3m | -89.3% |
| Trade debts | 44 | - | €83 | +€83 | |
| Suppliers | 440/4 | - | €83 | +€83 | |
| Taxes, remuneration and social security | 45 | €8,415 | €3,453 | -€4,963 | -59.0% |
| Taxes | 450/3 | €8,415 | €3,453 | -€4,963 | -59.0% |
| Other amounts payable | 47/48 | €1,490,121 | €156,496 | -€1.3m | -89.5% |
| Other operating charges | 640/8 | €1,101 | €1,194 | +€93 | +8.5% |
| Gross operating margin | 9900 | €6,757 | €7,450 | +€693 | +10.3% |
| Operating profit (loss) | 9901 | €5,656 | €6,256 | +€600 | +10.6% |
| Financial income | 75/76B | €406,939 | €58,090 | -€348,849 | -85.7% |
| Recurring financial income | 75 | €406,939 | €58,090 | -€348,849 | -85.7% |
| Financial charges | 65/66B | €31,069 | €28,336 | -€2,733 | -8.8% |
| Recurring financial charges | 65 | €31,069 | €28,336 | -€2,733 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €381,526 | €36,010 | -€345,517 | -90.6% |
| Income taxes | 67/77 | €8,415 | €9,453 | +€1,037 | +12.3% |
| Profit (loss) for the period | 9904 | €373,111 | €26,557 | -€346,554 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €373,111 | €26,557 | -€346,554 | -92.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.