DEMAN BRUSSELS: 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.
What changed
DEMAN BRUSSELS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€301,089
2024 · -€469,433+€168,344
Equity
€8.1m
2024 · €8.4m-€301,089
Cash
€702,724
2024 · €783,718-€80,994
Balance sheet total
€12.0m
2024 · €11.9m+€86,186
Largest movements
Assets
- Receivables within one year +€439,423
up €439,423 (+40.5%), from €1.1m to €1.5m
of which Trade receivables: +€362,909
- Tangible fixed assets -€222,904
down €222,904 (-12.0%), from €1.9m to €1.6m
of which Land and buildings: -€140,904
Equity and liabilities
- Profit (loss) carried forward -€301,089
down €301,089 (-4.3%), from €7.0m to €6.7m
- Advances received +€211,492
up €211,492 (+284.3%), from €74,400 to €285,892
- Accrued charges and deferred income +€178,843
up €178,843 (+39.8%), from €448,977 to €627,820
- Other debts -€169,936
down €169,936 (-5.9%), from €2.9m to €2.7m
- Trade debts +€163,517
up €163,517 (+188.8%), from €86,621 to €250,138
Income statement
- Gross operating margin +€137,598
up €137,598 (+60.1%), from €229,012 to €366,611
- Purchases and services -€80,635
down €80,635 (-1.1%), from €7.3m to €7.2m
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.
Result 2024
-€469,433
Gross operating margin
+€137,598
Staff costs
+€653
Depreciation
+€4,420
Other operating charges
-€25,264
Other operating items
+€250
Financial income
+€55,153
Financial charges
-€5,355
Taxes
+€889
Result 2025
-€301,089
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.
From operations
-€95,777
Investment
+€14,783
Financing
€0
Cash 2024
€783,718
From operations (derived)
-€95,777
Net result for the year
-€301,089
Depreciation
+€209,121
Stocks and contracts
+€58,709
Receivables within one year
-€439,423
Deferred charges and accrued income
-€10,369
Trade debts
+€163,517
Tax, wage and social debts
+€3,359
Advances received
+€211,492
Other debts
-€169,936
Accrued charges and deferred income
+€178,843
Investment (derived)
+€14,783
Investment in fixed assets (net)
+€14,783
Cash 2025
€702,724
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,886,346 | €11,972,532 | +€86,186 | +0.7% |
| Fixed assets | 21/28 | €1,971,205 | €1,747,301 | -€223,904 | -11.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,860,073 | €1,637,170 | -€222,904 | -12.0% |
| Land and buildings | 22 | €741,327 | €600,423 | -€140,904 | -19.0% |
| Plant, machinery and equipment | 23 | €240,229 | €207,405 | -€32,824 | -13.7% |
| Furniture and vehicles | 24 | €878,517 | €829,341 | -€49,176 | -5.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €111,132 | €110,132 | -€1,000 | -0.9% |
| Current assets | 29/58 | €9,915,141 | €10,225,231 | +€310,089 | +3.1% |
| Stocks and contracts in progress | 3 | €8,004,089 | €7,945,380 | -€58,709 | -0.7% |
| Stocks | 30/36 | €8,004,089 | €7,945,380 | -€58,709 | -0.7% |
| Amounts receivable within one year | 40/41 | €1,084,320 | €1,523,743 | +€439,423 | +40.5% |
| Trade receivables | 40 | €338,130 | €701,039 | +€362,909 | +107.3% |
| Other amounts receivable | 41 | €746,190 | €822,704 | +€76,514 | +10.3% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €783,718 | €702,724 | -€80,994 | -10.3% |
| Deferred charges and accrued income | 490/1 | €43,014 | €53,383 | +€10,369 | +24.1% |
| Total equity and liabilities | 10/49 | €11,886,346 | €11,972,532 | +€86,186 | +0.7% |
| Equity | 10/15 | €8,371,720 | €8,070,631 | -€301,089 | -3.6% |
| Contributions | 10/11 | €171,786 | €171,786 | = | 0.0% |
| Capital | 10 | €171,786 | €171,786 | = | 0.0% |
| Issued capital | 100 | €171,786 | €171,786 | = | 0.0% |
| Reserves | 13 | €1,178,097 | €1,178,097 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,179 | €17,179 | = | 0.0% |
| Legal reserve | 130 | €17,179 | €17,179 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,147 | €6,147 | = | 0.0% |
| Distributable reserves | 133 | €1,154,772 | €1,154,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,021,837 | €6,720,748 | -€301,089 | -4.3% |
| Amounts payable | 17/49 | €3,514,626 | €3,901,901 | +€387,274 | +11.0% |
| Amounts payable within one year | 42/48 | €3,065,649 | €3,274,081 | +€208,432 | +6.8% |
| Trade debts | 44 | €86,621 | €250,138 | +€163,517 | +188.8% |
| Suppliers | 440/4 | €86,621 | €250,138 | +€163,517 | +188.8% |
| Advances received on contracts in progress | 46 | €74,400 | €285,892 | +€211,492 | +284.3% |
| Taxes, remuneration and social security | 45 | €39,513 | €42,872 | +€3,359 | +8.5% |
| Taxes | 450/3 | €3,035 | €2,688 | -€347 | -11.4% |
| Remuneration and social security | 454/9 | €36,477 | €40,184 | +€3,707 | +10.2% |
| Other amounts payable | 47/48 | €2,865,116 | €2,695,179 | -€169,936 | -5.9% |
| Accrued charges and deferred income | 492/3 | €448,977 | €627,820 | +€178,843 | +39.8% |
| Turnover | 70 | €7,289,379 | €7,318,107 | +€28,728 | +0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,299,398 | €7,218,763 | -€80,635 | -1.1% |
| Remuneration, social security and pensions | 62 | €369,150 | €368,497 | -€653 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,541 | €209,121 | -€4,420 | -2.1% |
| Other operating charges | 640/8 | €113,661 | €138,925 | +€25,264 | +22.2% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €229,012 | €366,611 | +€137,598 | +60.1% |
| Operating profit (loss) | 9901 | -€467,589 | -€349,932 | +€117,657 | +25.2% |
| Financial income | 75/76B | €3,344 | €58,496 | +€55,153 | +1649.4% |
| Recurring financial income | 75 | €3,344 | €2,153 | -€1,190 | -35.6% |
| Non-recurring financial income | 76B | - | €56,343 | +€56,343 | |
| Financial charges | 65/66B | €4,451 | €9,806 | +€5,355 | +120.3% |
| Recurring financial charges | 65 | €4,451 | €9,806 | +€5,355 | +120.3% |
| Profit (loss) for the period before taxes | 9903 | -€468,696 | -€301,242 | +€167,455 | +35.7% |
| Income taxes | 67/77 | €737 | -€153 | -€889 | |
| Profit (loss) for the period | 9904 | -€469,433 | -€301,089 | +€168,344 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€469,433 | -€301,089 | +€168,344 | +35.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.