DEMARQUE Nicolas: 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.
DEMARQUE Nicolas
Largest movements
- Tangible fixed assets +€29,503
up €29,503 (+14.0%), from €210,288 to €239,791
of which Furniture and vehicles: +€47,715
- Cash -€17,274
down €17,274 (-19.8%), from €87,215 to €69,940
mainly Investment in fixed assets (net) (-€64,751) and Current investments (-€10,462)
- Current investments +€10,462
up €10,462 (+41.4%), from €25,298 to €35,760
- Receivables within one year -€6,524
down €6,524 (-68.9%), from €9,467 to €2,943
- Profit (loss) carried forward +€18,044
up €18,044 (+15.2%), from €118,906 to €136,950
- Reserves +€15,000
up €15,000 (+15.0%), from €100,000 to €115,000
- Tax, wage and social debts -€7,570
no longer reported in 2025 (was €7,570)
- Debts after one year -€6,170
down €6,170 (-8.8%), from €69,802 to €63,632
- Depreciation +€7,331
up €7,331 (+26.3%), from €27,916 to €35,247
- Taxes -€5,012
down €5,012 (-31.1%), from €16,131 to €11,119
- Other operating charges +€3,041
up €3,041 (+822%), from €370 to €3,411
- Gross operating margin +€2,599
up €2,599 (+3.2%), from €81,183 to €83,782
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 | €333,965 | €349,879 | +€15,914 | +4.8% |
| Fixed assets | 21/28 | €210,288 | €239,791 | +€29,503 | +14.0% |
| Tangible fixed assets | 22/27 | €210,288 | €239,791 | +€29,503 | +14.0% |
| Land and buildings | 22 | €196,315 | €181,244 | -€15,071 | -7.7% |
| Plant, machinery and equipment | 23 | €5,820 | €2,680 | -€3,141 | -54.0% |
| Furniture and vehicles | 24 | €8,152 | €55,867 | +€47,715 | +585% |
| Current assets | 29/58 | €123,677 | €110,088 | -€13,589 | -11.0% |
| Amounts receivable within one year | 40/41 | €9,467 | €2,943 | -€6,524 | -68.9% |
| Other amounts receivable | 41 | €9,467 | €2,943 | -€6,524 | -68.9% |
| Current investments | 50/53 | €25,298 | €35,760 | +€10,462 | +41.4% |
| Cash at bank and in hand | 54/58 | €87,215 | €69,940 | -€17,274 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,698 | €1,445 | -€253 | -14.9% |
| Total equity and liabilities | 10/49 | €333,965 | €349,879 | +€15,914 | +4.8% |
| Equity | 10/15 | €233,166 | €266,210 | +€33,044 | +14.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €100,000 | €115,000 | +€15,000 | +15.0% |
| Distributable reserves | 133 | €100,000 | €115,000 | +€15,000 | +15.0% |
| Profit (loss) carried forward | 14 | €118,906 | €136,950 | +€18,044 | +15.2% |
| Amounts payable | 17/49 | €100,799 | €83,669 | -€17,130 | -17.0% |
| Amounts payable after more than one year | 17 | €69,802 | €63,632 | -€6,170 | -8.8% |
| Financial debts | 170/4 | €69,802 | €63,632 | -€6,170 | -8.8% |
| Amounts payable within one year | 42/48 | €30,997 | €20,037 | -€10,960 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €6,094 | €6,170 | +€76 | +1.3% |
| Trade debts | 44 | €747 | €203 | -€544 | -72.9% |
| Suppliers | 440/4 | €747 | €203 | -€544 | -72.9% |
| Taxes, remuneration and social security | 45 | €7,570 | - | -€7,570 | |
| Taxes | 450/3 | €7,570 | - | -€7,570 | |
| Other amounts payable | 47/48 | €16,587 | €13,665 | -€2,922 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,916 | €35,247 | +€7,331 | +26.3% |
| Other operating charges | 640/8 | €370 | €3,411 | +€3,041 | +822% |
| Gross operating margin | 9900 | €81,183 | €83,782 | +€2,599 | +3.2% |
| Operating profit (loss) | 9901 | €52,897 | €45,124 | -€7,772 | -14.7% |
| Financial income | 75/76B | €106 | €119 | +€13 | +12.3% |
| Recurring financial income | 75 | €106 | €119 | +€13 | +12.3% |
| Financial charges | 65/66B | €1,086 | €1,080 | -€6 | -0.5% |
| Recurring financial charges | 65 | €1,086 | €1,080 | -€6 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €51,916 | €44,163 | -€7,753 | -14.9% |
| Income taxes | 67/77 | €16,131 | €11,119 | -€5,012 | -31.1% |
| Profit (loss) for the period | 9904 | €35,785 | €33,044 | -€2,741 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,785 | €33,044 | -€2,741 | -7.7% |
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 15 October 2026 via checked.be.