DEMAN INVEST: 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.
DEMAN INVEST
Largest movements
- Cash +€71,153
up €71,153 (+79.5%), from €89,544 to €160,697
mainly Net result for the year (+€130,934) and Receivables within one year (+€53,000)
- Receivables within one year -€53,000
down €53,000 (-41.4%), from €128,000 to €75,000
- Trade debts +€36,279
up €36,279 (+4,677%), from €776 to €37,054
- Profit (loss) carried forward -€19,066
down €19,066 (-31.5%), from €60,465 to €41,399
- Gross operating margin -€20,995
down €20,995 (-10.1%), from €207,386 to €186,391
- Taxes -€5,028
down €5,028 (-10.3%), from €48,739 to €43,711
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.
Derived cash bridge
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 | €1,151,977 | €1,159,730 | +€7,754 | +0.7% |
| Fixed assets | 21/28 | €934,432 | €924,033 | -€10,399 | -1.1% |
| Tangible fixed assets | 22/27 | €934,432 | €924,033 | -€10,399 | -1.1% |
| Land and buildings | 22 | €895,052 | €890,807 | -€4,245 | -0.5% |
| Plant, machinery and equipment | 23 | €39,380 | €33,226 | -€6,154 | -15.6% |
| Current assets | 29/58 | €217,544 | €235,697 | +€18,153 | +8.3% |
| Amounts receivable within one year | 40/41 | €128,000 | €75,000 | -€53,000 | -41.4% |
| Other amounts receivable | 41 | €128,000 | €75,000 | -€53,000 | -41.4% |
| Cash at bank and in hand | 54/58 | €89,544 | €160,697 | +€71,153 | +79.5% |
| Total equity and liabilities | 10/49 | €1,151,977 | €1,159,730 | +€7,754 | +0.7% |
| Equity | 10/15 | €946,042 | €926,976 | -€19,066 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €695,750 | €695,750 | = | 0.0% |
| Reserves | 13 | €127,827 | €127,827 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,860 | €8,860 | = | 0.0% |
| Legal reserve | 130 | €8,860 | €8,860 | = | 0.0% |
| Distributable reserves | 133 | €118,967 | €118,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,465 | €41,399 | -€19,066 | -31.5% |
| Amounts payable | 17/49 | €205,935 | €232,754 | +€26,820 | +13.0% |
| Amounts payable within one year | 42/48 | €204,685 | €231,504 | +€26,820 | +13.1% |
| Trade debts | 44 | €776 | €37,054 | +€36,279 | +4,677% |
| Suppliers | 440/4 | €776 | €37,054 | +€36,279 | +4,677% |
| Taxes, remuneration and social security | 45 | €53,909 | €44,450 | -€9,459 | -17.5% |
| Taxes | 450/3 | €53,909 | €44,450 | -€9,459 | -17.5% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,310 | €10,399 | +€89 | +0.9% |
| Other operating charges | 640/8 | €1,118 | €1,148 | +€31 | +2.8% |
| Gross operating margin | 9900 | €207,386 | €186,391 | -€20,995 | -10.1% |
| Operating profit (loss) | 9901 | €195,958 | €174,844 | -€21,115 | -10.8% |
| Financial charges | 65/66B | €150 | €198 | +€48 | +32.3% |
| Recurring financial charges | 65 | €150 | €198 | +€48 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €195,808 | €174,645 | -€21,163 | -10.8% |
| Income taxes | 67/77 | €48,739 | €43,711 | -€5,028 | -10.3% |
| Profit (loss) for the period | 9904 | €147,069 | €130,934 | -€16,135 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,069 | €130,934 | -€16,135 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.