Deman Group: what changed
Two fiscal 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.
Deman Group
Largest movements
- Cash -€70,868
down €70,868 (-60.8%), from €116,653 to €45,785
mainly Current investments (-€39,604) and Investment in fixed assets (net) (-€32,512)
- Current investments +€39,604
new in 2025: €39,604
- Tangible fixed assets +€29,681
up €29,681 (+3006.2%), from €987 to €30,668
of which Land and buildings: +€25,474
- Receivables within one year -€13,133
down €13,133 (-66.3%), from €19,816 to €6,683
of which Trade receivables: -€18,873
- Tax, wage and social debts -€21,188
down €21,188 (-91.9%), from €23,067 to €1,879
of which Taxes: -€21,204
- Profit (loss) carried forward +€6,400
up €6,400 (+5.7%), from €111,913 to €118,314
- Gross operating margin -€47,162
down €47,162 (-77.8%), from €60,654 to €13,491
- Taxes -€9,821
down €9,821 (-76.7%), from €12,802 to €2,981
- Depreciation +€2,759
up €2,759 (+3867.4%), from €71 to €2,831
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 | €137,456 | €122,740 | -€14,716 | -10.7% |
| Fixed assets | 21/28 | €987 | €30,668 | +€29,681 | +3006.2% |
| Tangible fixed assets | 22/27 | €987 | €30,668 | +€29,681 | +3006.2% |
| Land and buildings | 22 | - | €25,474 | +€25,474 | |
| Plant, machinery and equipment | 23 | €987 | €1,442 | +€454 | +46.0% |
| Furniture and vehicles | 24 | - | €3,752 | +€3,752 | |
| Current assets | 29/58 | €136,469 | €92,071 | -€44,397 | -32.5% |
| Amounts receivable within one year | 40/41 | €19,816 | €6,683 | -€13,133 | -66.3% |
| Trade receivables | 40 | €19,490 | €617 | -€18,873 | -96.8% |
| Other amounts receivable | 41 | €326 | €6,066 | +€5,740 | +1761.4% |
| Current investments | 50/53 | - | €39,604 | +€39,604 | |
| Cash at bank and in hand | 54/58 | €116,653 | €45,785 | -€70,868 | -60.8% |
| Total equity and liabilities | 10/49 | €137,456 | €122,740 | -€14,716 | -10.7% |
| Equity | 10/15 | €113,413 | €119,814 | +€6,400 | +5.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,913 | €118,314 | +€6,400 | +5.7% |
| Amounts payable | 17/49 | €24,043 | €2,926 | -€21,116 | -87.8% |
| Amounts payable within one year | 42/48 | €24,043 | €2,926 | -€21,116 | -87.8% |
| Trade debts | 44 | €976 | €1,047 | +€72 | +7.4% |
| Suppliers | 440/4 | €976 | €1,047 | +€72 | +7.4% |
| Taxes, remuneration and social security | 45 | €23,067 | €1,879 | -€21,188 | -91.9% |
| Taxes | 450/3 | €21,251 | €47 | -€21,204 | -99.8% |
| Remuneration and social security | 454/9 | €1,816 | €1,832 | +€16 | +0.9% |
| Remuneration, social security and pensions | 62 | - | €488 | +€488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71 | €2,831 | +€2,759 | +3867.4% |
| Other operating charges | 640/8 | €435 | €770 | +€335 | +76.9% |
| Gross operating margin | 9900 | €60,654 | €13,491 | -€47,162 | -77.8% |
| Operating profit (loss) | 9901 | €60,147 | €9,402 | -€50,745 | -84.4% |
| Financial income | 75/76B | €10 | €406 | +€395 | +3796.2% |
| Recurring financial income | 75 | €10 | €406 | +€395 | +3796.2% |
| Financial charges | 65/66B | €37 | €427 | +€389 | +1048.0% |
| Recurring financial charges | 65 | €37 | €427 | +€389 | +1048.0% |
| Profit (loss) for the period before taxes | 9903 | €60,120 | €9,381 | -€50,739 | -84.4% |
| Income taxes | 67/77 | €12,802 | €2,981 | -€9,821 | -76.7% |
| Profit (loss) for the period | 9904 | €47,318 | €6,400 | -€40,918 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,318 | €6,400 | -€40,918 | -86.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.