DEMANDT CONSULT: 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.
DEMANDT CONSULT
Largest movements
- Deferred charges and accrued income +€25,672
up €25,672 (+929%), from €2,764 to €28,436
- Tangible fixed assets +€23,785
up €23,785 (+731%), from €3,254 to €27,039
of which Furniture and vehicles: +€24,588
- Profit (loss) carried forward +€44,157
up €44,157 (+27.8%), from €159,054 to €203,211
- Debts after one year -€16,369
down €16,369 (-28.9%), from €56,719 to €40,351
- Reserves +€8,420
up €8,420 (+25.0%), from €33,680 to €42,100
of which Distributable reserves: +€8,420
- Current portion of long-term debt +€7,003
up €7,003 (+20.8%), from €33,597 to €40,600
- Gross operating margin +€7,996
up €7,996 (+23.8%), from €33,654 to €41,650
- Financial income -€5,889
down €5,889 (-17.3%), from €34,120 to €28,231
- Depreciation +€5,637
up €5,637 (+584%), from €965 to €6,603
- Taxes +€709
up €709 (+9.1%), from €7,826 to €8,535
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 | €307,806 | €354,123 | +€46,317 | +15.0% |
| Fixed assets | 21/28 | €253,254 | €277,039 | +€23,785 | +9.4% |
| Tangible fixed assets | 22/27 | €3,254 | €27,039 | +€23,785 | +731% |
| Furniture and vehicles | 24 | - | €24,588 | +€24,588 | |
| Other tangible fixed assets | 26 | €3,254 | €2,451 | -€803 | -24.7% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €54,552 | €77,084 | +€22,532 | +41.3% |
| Cash at bank and in hand | 54/58 | €51,788 | €48,648 | -€3,140 | -6.1% |
| Deferred charges and accrued income | 490/1 | €2,764 | €28,436 | +€25,672 | +929% |
| Total equity and liabilities | 10/49 | €307,806 | €354,123 | +€46,317 | +15.0% |
| Equity | 10/15 | €211,334 | €263,911 | +€52,577 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,680 | €42,100 | +€8,420 | +25.0% |
| Tax-exempt reserves | 132 | €33,680 | €33,680 | = | 0.0% |
| Distributable reserves | 133 | - | €8,420 | +€8,420 | |
| Profit (loss) carried forward | 14 | €159,054 | €203,211 | +€44,157 | +27.8% |
| Amounts payable | 17/49 | €96,472 | €90,212 | -€6,260 | -6.5% |
| Amounts payable after more than one year | 17 | €56,719 | €40,351 | -€16,369 | -28.9% |
| Financial debts | 170/4 | €56,719 | €40,351 | -€16,369 | -28.9% |
| Amounts payable within one year | 42/48 | €39,752 | €49,861 | +€10,109 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €33,597 | €40,600 | +€7,003 | +20.8% |
| Trade debts | 44 | €2,448 | €2,015 | -€432 | -17.7% |
| Suppliers | 440/4 | €2,448 | €2,015 | -€432 | -17.7% |
| Taxes, remuneration and social security | 45 | €3,707 | €7,245 | +€3,538 | +95.4% |
| Taxes | 450/3 | €3,707 | €6,999 | +€3,292 | +88.8% |
| Remuneration and social security | 454/9 | - | €246 | +€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €6,603 | +€5,637 | +584% |
| Other operating charges | 640/8 | €670 | €599 | -€71 | -10.6% |
| Gross operating margin | 9900 | €33,654 | €41,650 | +€7,996 | +23.8% |
| Operating profit (loss) | 9901 | €32,019 | €34,449 | +€2,430 | +7.6% |
| Financial income | 75/76B | €34,120 | €28,231 | -€5,889 | -17.3% |
| Recurring financial income | 75 | €34,120 | €28,231 | -€5,889 | -17.3% |
| Financial charges | 65/66B | €1,686 | €1,568 | -€118 | -7.0% |
| Recurring financial charges | 65 | €1,686 | €1,568 | -€118 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €64,453 | €61,112 | -€3,341 | -5.2% |
| Income taxes | 67/77 | €7,826 | €8,535 | +€709 | +9.1% |
| Profit (loss) for the period | 9904 | €56,627 | €52,577 | -€4,050 | -7.2% |
| Transfer from tax-exempt reserves | 789 | - | €8,420 | +€8,420 | |
| Transfer to tax-exempt reserves | 689 | €8,420 | €8,420 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,207 | €52,577 | +€4,370 | +9.1% |
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 23 October 2026 via checked.be.