DEMAN INVEST: what changed
What changed
DEMAN INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€62,975
2024 · -€66,783+€3,807
Equity
€356,775
2024 · €638,751-€281,975
Cash
€51,144
2024 · €38,201+€12,943
Balance sheet total
€786,671
2024 · €896,288-€109,617
Largest movements
Assets
- Tangible fixed assets -€81,000
down €81,000 (-10.7%), from €757,845 to €676,845
of which Land and buildings: -€58,721
- Current investments -€40,000
down €40,000 (-42.1%), from €95,000 to €55,000
- Cash +€12,943
up €12,943 (+33.9%), from €38,201 to €51,144
mainly Other debts (+€187,895) and Depreciation (+€81,000)
Equity and liabilities
- Contributions -€219,000
down €219,000 (-78.1%), from €280,500 to €61,500
- Other debts +€187,895
up €187,895 (+82.5%), from €227,875 to €415,770
- Profit (loss) carried forward -€62,975
down €62,975 (-11.7%), from -€539,819 to -€602,794
Income statement
- Depreciation -€8,941
down €8,941 (-9.9%), from €89,941 to €81,000
- Gross operating margin -€5,955
down €5,955 (-19.2%), from €31,087 to €25,132
- Financial income +€720
up €720 (+86.4%), from €834 to €1,554
- Financial charges -€503
down €503 (-55.0%), from €915 to €412
- Other operating charges +€402
up €402 (+5.1%), from €7,847 to €8,250
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
-€66,783
Gross operating margin
-€5,955
Depreciation
+€8,941
Other operating charges
-€402
Financial income
+€720
Financial charges
+€503
Result 2025
-€62,975
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
+€207,124
Investment
+€40,000
Financing
-€234,181
Cash 2024
€38,201
From operations (derived)
+€207,124
Net result for the year
-€62,975
Depreciation
+€81,000
Receivables within one year
+€2,766
Deferred charges and accrued income
-€1,206
Trade debts
+€2,252
Tax, wage and social debts
-€2,076
Other debts
+€187,895
Accrued charges and deferred income
-€531
Investment (derived)
+€40,000
Current investments
+€40,000
Financing
-€234,181
Debts after one year
-€6,376
Current portion of long-term debt
-€8,806
Contributions, distributions and other
-€219,000
Cash 2025
€51,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,288 | €786,671 | -€109,617 | -12.2% |
| Fixed assets | 21/28 | €757,845 | €676,845 | -€81,000 | -10.7% |
| Tangible fixed assets | 22/27 | €757,845 | €676,845 | -€81,000 | -10.7% |
| Land and buildings | 22 | €691,173 | €632,451 | -€58,721 | -8.5% |
| Plant, machinery and equipment | 23 | €24,252 | €19,859 | -€4,393 | -18.1% |
| Furniture and vehicles | 24 | €42,420 | €24,534 | -€17,886 | -42.2% |
| Current assets | 29/58 | €138,443 | €109,827 | -€28,617 | -20.7% |
| Amounts receivable within one year | 40/41 | €3,656 | €890 | -€2,766 | -75.7% |
| Trade receivables | 40 | €442 | €424 | -€18 | -4.1% |
| Other amounts receivable | 41 | €3,214 | €466 | -€2,748 | -85.5% |
| Current investments | 50/53 | €95,000 | €55,000 | -€40,000 | -42.1% |
| Cash at bank and in hand | 54/58 | €38,201 | €51,144 | +€12,943 | +33.9% |
| Deferred charges and accrued income | 490/1 | €1,586 | €2,792 | +€1,206 | +76.1% |
| Total equity and liabilities | 10/49 | €896,288 | €786,671 | -€109,617 | -12.2% |
| Equity | 10/15 | €638,751 | €356,775 | -€281,975 | -44.1% |
| Contributions | 10/11 | €280,500 | €61,500 | -€219,000 | -78.1% |
| Capital | 10 | €280,500 | €61,500 | -€219,000 | -78.1% |
| Issued capital | 100 | €280,500 | €61,500 | -€219,000 | -78.1% |
| Reserves | 13 | €898,069 | €898,069 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,381 | €6,481 | -€6,900 | -51.6% |
| Legal reserve | 130 | €13,050 | €6,150 | -€6,900 | -52.9% |
| Reserves not available under the articles | 1311 | €331 | €331 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,173 | €134,173 | = | 0.0% |
| Distributable reserves | 133 | €750,515 | €757,415 | +€6,900 | +0.9% |
| Profit (loss) carried forward | 14 | -€539,819 | -€602,794 | -€62,975 | -11.7% |
| Amounts payable | 17/49 | €257,537 | €429,896 | +€172,359 | +66.9% |
| Amounts payable after more than one year | 17 | €6,376 | - | -€6,376 | |
| Financial debts | 170/4 | €6,376 | - | -€6,376 | |
| Amounts payable within one year | 42/48 | €250,631 | €429,896 | +€179,265 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €15,181 | €6,376 | -€8,806 | -58.0% |
| Trade debts | 44 | €2,842 | €5,095 | +€2,252 | +79.3% |
| Suppliers | 440/4 | €2,842 | €5,095 | +€2,252 | +79.3% |
| Taxes, remuneration and social security | 45 | €4,732 | €2,656 | -€2,076 | -43.9% |
| Taxes | 450/3 | €4,732 | €2,656 | -€2,076 | -43.9% |
| Other amounts payable | 47/48 | €227,875 | €415,770 | +€187,895 | +82.5% |
| Accrued charges and deferred income | 492/3 | €531 | - | -€531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,941 | €81,000 | -€8,941 | -9.9% |
| Other operating charges | 640/8 | €7,847 | €8,250 | +€402 | +5.1% |
| Gross operating margin | 9900 | €31,087 | €25,132 | -€5,955 | -19.2% |
| Operating profit (loss) | 9901 | -€66,701 | -€64,118 | +€2,584 | +3.9% |
| Financial income | 75/76B | €834 | €1,554 | +€720 | +86.4% |
| Recurring financial income | 75 | €834 | €1,554 | +€720 | +86.4% |
| Financial charges | 65/66B | €915 | €412 | -€503 | -55.0% |
| Recurring financial charges | 65 | €915 | €412 | -€503 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,783 | -€62,975 | +€3,807 | +5.7% |
| Profit (loss) for the period | 9904 | -€66,783 | -€62,975 | +€3,807 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,783 | -€62,975 | +€3,807 | +5.7% |
Next steps
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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.