DEMATECH: 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.
DEMATECH
Largest movements
- Tangible fixed assets -€12,726
down €12,726 (-20.5%), from €62,123 to €49,397
- Receivables within one year +€12,269
up €12,269 (+82.1%), from €14,937 to €27,207
- Cash +€7,518
up €7,518 (+104%), from €7,227 to €14,744
mainly Net result for the year (+€18,444) and Depreciation (+€16,645)
- Reserves +€7,444
up €7,444 (+11.9%), from €62,702 to €70,147
- Tax, wage and social debts +€7,099
up €7,099 (+91.6%), from €7,747 to €14,846
- Debts after one year -€6,386
no longer reported in 2025 (was €6,386)
- Depreciation +€13,172
up €13,172 (+379%), from €3,473 to €16,645
- Financial income -€11,881
down €11,881 (-100.0%), from €11,883 to €2
of which Non-recurring financial income: -€11,882
- Gross operating margin +€8,582
up €8,582 (+24.4%), from €35,227 to €43,809
- Taxes -€7,141
down €7,141 (-52.4%), from €13,635 to €6,494
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 | €86,104 | €93,273 | +€7,168 | +8.3% |
| Fixed assets | 21/28 | €62,123 | €49,397 | -€12,726 | -20.5% |
| Tangible fixed assets | 22/27 | €62,123 | €49,397 | -€12,726 | -20.5% |
| Furniture and vehicles | 24 | €62,123 | €49,397 | -€12,726 | -20.5% |
| Current assets | 29/58 | €23,981 | €43,876 | +€19,894 | +83.0% |
| Amounts receivable within one year | 40/41 | €14,937 | €27,207 | +€12,269 | +82.1% |
| Trade receivables | 40 | €14,937 | €27,207 | +€12,269 | +82.1% |
| Cash at bank and in hand | 54/58 | €7,227 | €14,744 | +€7,518 | +104% |
| Deferred charges and accrued income | 490/1 | €1,817 | €1,925 | +€107 | +5.9% |
| Total equity and liabilities | 10/49 | €86,104 | €93,273 | +€7,168 | +8.3% |
| Equity | 10/15 | €62,702 | €70,147 | +€7,444 | +11.9% |
| Reserves | 13 | €62,702 | €70,147 | +€7,444 | +11.9% |
| Distributable reserves | 133 | €62,702 | €70,147 | +€7,444 | +11.9% |
| Amounts payable | 17/49 | €23,402 | €23,126 | -€276 | -1.2% |
| Amounts payable after more than one year | 17 | €6,386 | - | -€6,386 | |
| Financial debts | 170/4 | €6,386 | - | -€6,386 | |
| Amounts payable within one year | 42/48 | €17,016 | €23,126 | +€6,110 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €7,057 | €7,341 | +€284 | +4.0% |
| Trade debts | 44 | €1,374 | €734 | -€640 | -46.5% |
| Suppliers | 440/4 | €1,374 | €734 | -€640 | -46.5% |
| Taxes, remuneration and social security | 45 | €7,747 | €14,846 | +€7,099 | +91.6% |
| Taxes | 450/3 | €7,747 | €14,846 | +€7,099 | +91.6% |
| Other amounts payable | 47/48 | €839 | €205 | -€634 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €16,645 | +€13,172 | +379% |
| Other operating charges | 640/8 | €336 | €352 | +€16 | +4.7% |
| Non-recurring operating charges | 66A | €1,569 | €1,039 | -€530 | -33.8% |
| Gross operating margin | 9900 | €35,227 | €43,809 | +€8,582 | +24.4% |
| Operating profit (loss) | 9901 | €29,849 | €25,773 | -€4,076 | -13.7% |
| Financial income | 75/76B | €11,883 | €2 | -€11,881 | -100.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +62.1% |
| Non-recurring financial income | 76B | €11,882 | - | -€11,882 | |
| Financial charges | 65/66B | €506 | €837 | +€330 | +65.3% |
| Recurring financial charges | 65 | €506 | €837 | +€330 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €41,226 | €24,939 | -€16,287 | -39.5% |
| Income taxes | 67/77 | €13,635 | €6,494 | -€7,141 | -52.4% |
| Profit (loss) for the period | 9904 | €27,591 | €18,444 | -€9,146 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,591 | €18,444 | -€9,146 | -33.1% |
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 16 October 2026 via checked.be.