DEMANA: 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.
DEMANA
Largest movements
- Cash +€7,119
up €7,119 (+20.5%), from €34,732 to €41,851
mainly Other debts (+€7,844) and Net result for the year (+€5,955)
- Tangible fixed assets +€1,003
new in 2025: €1,003
- Receivables within one year -€956
down €956 (-65.0%), from €1,470 to €514
- Other debts +€7,844
up €7,844, from €0 to €7,844
- Reserves -€1,889
down €1,889 (-14.2%), from €13,260 to €11,371
- Tax, wage and social debts +€1,127
up €1,127 (+24.8%), from €4,548 to €5,676
- Gross operating margin +€3,034
up €3,034 (+37.8%), from €8,036 to €11,069
- Taxes +€911
up €911 (+37.8%), from €2,412 to €3,323
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 | €36,409 | €43,592 | +€7,183 | +19.7% |
| Fixed assets | 21/28 | - | €1,003 | +€1,003 | |
| Tangible fixed assets | 22/27 | - | €1,003 | +€1,003 | |
| Plant, machinery and equipment | 23 | - | €1,003 | +€1,003 | |
| Current assets | 29/58 | €36,409 | €42,588 | +€6,180 | +17.0% |
| Amounts receivable within one year | 40/41 | €1,470 | €514 | -€956 | -65.0% |
| Other amounts receivable | 41 | €1,470 | €514 | -€956 | -65.0% |
| Cash at bank and in hand | 54/58 | €34,732 | €41,851 | +€7,119 | +20.5% |
| Deferred charges and accrued income | 490/1 | €207 | €223 | +€16 | +7.9% |
| Total equity and liabilities | 10/49 | €36,409 | €43,592 | +€7,183 | +19.7% |
| Equity | 10/15 | €31,860 | €29,971 | -€1,889 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,260 | €11,371 | -€1,889 | -14.2% |
| Distributable reserves | 133 | €13,260 | €11,371 | -€1,889 | -14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,548 | €13,621 | +€9,072 | +199% |
| Amounts payable within one year | 42/48 | €4,548 | €13,621 | +€9,072 | +199% |
| Trade debts | 44 | €0 | €101 | +€101 | |
| Suppliers | 440/4 | €0 | €101 | +€101 | |
| Taxes, remuneration and social security | 45 | €4,548 | €5,676 | +€1,127 | +24.8% |
| Taxes | 450/3 | €4,548 | €5,676 | +€1,127 | +24.8% |
| Other amounts payable | 47/48 | €0 | €7,844 | +€7,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €53 | +€53 | |
| Other operating charges | 640/8 | €1,214 | €1,193 | -€21 | -1.8% |
| Gross operating margin | 9900 | €8,036 | €11,069 | +€3,034 | +37.8% |
| Operating profit (loss) | 9901 | €6,822 | €9,824 | +€3,002 | +44.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €440 | €549 | +€109 | +24.8% |
| Recurring financial charges | 65 | €440 | €549 | +€109 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €6,382 | €9,278 | +€2,896 | +45.4% |
| Income taxes | 67/77 | €2,412 | €3,323 | +€911 | +37.8% |
| Profit (loss) for the period | 9904 | €3,969 | €5,955 | +€1,985 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,969 | €5,955 | +€1,985 | +50.0% |
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 14 October 2026 via checked.be.