DEMAX: what changed
Two fiscal 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.
DEMAX
Largest movements
- Cash +€48,721
up €48,721 (+97.7%), from €49,848 to €98,569
mainly Net result for the year (+€45,596) and Receivables within one year (+€11,664)
- Receivables within one year -€11,664
down €11,664 (-45.2%), from €25,815 to €14,151
of which Other amounts receivable: -€12,741
- Deferred charges and accrued income +€5,400
up €5,400 (+428.2%), from €1,261 to €6,662
- Reserves +€45,596
up €45,596 (+85.1%), from €53,565 to €99,161
- Tax, wage and social debts -€2,792
down €2,792 (-13.6%), from €20,454 to €17,662
- Gross operating margin -€8,510
down €8,510 (-12.5%), from €68,348 to €59,838
- Taxes -€1,866
down €1,866 (-12.7%), from €14,689 to €12,823
- Financial charges +€847
up €847 (+1581.7%), from €54 to €900
- Other operating charges +€691
up €691 (+342.7%), from €202 to €892
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,924 | €119,381 | +€42,457 | +55.2% |
| Current assets | 29/58 | €76,924 | €119,381 | +€42,457 | +55.2% |
| Amounts receivable within one year | 40/41 | €25,815 | €14,151 | -€11,664 | -45.2% |
| Trade receivables | 40 | €10,835 | €11,912 | +€1,077 | +9.9% |
| Other amounts receivable | 41 | €14,980 | €2,239 | -€12,741 | -85.1% |
| Cash at bank and in hand | 54/58 | €49,848 | €98,569 | +€48,721 | +97.7% |
| Deferred charges and accrued income | 490/1 | €1,261 | €6,662 | +€5,400 | +428.2% |
| Total equity and liabilities | 10/49 | €76,924 | €119,381 | +€42,457 | +55.2% |
| Equity | 10/15 | €55,065 | €100,661 | +€45,596 | +82.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €53,565 | €99,161 | +€45,596 | +85.1% |
| Distributable reserves | 133 | €53,565 | €99,161 | +€45,596 | +85.1% |
| Amounts payable | 17/49 | €21,859 | €18,720 | -€3,139 | -14.4% |
| Amounts payable within one year | 42/48 | €21,859 | €18,366 | -€3,493 | -16.0% |
| Trade debts | 44 | €1,405 | €704 | -€701 | -49.9% |
| Suppliers | 440/4 | €1,405 | €704 | -€701 | -49.9% |
| Taxes, remuneration and social security | 45 | €20,454 | €17,662 | -€2,792 | -13.6% |
| Taxes | 450/3 | €20,454 | €17,662 | -€2,792 | -13.6% |
| Accrued charges and deferred income | 492/3 | - | €354 | +€354 | |
| Other operating charges | 640/8 | €202 | €892 | +€691 | +342.7% |
| Gross operating margin | 9900 | €68,348 | €59,838 | -€8,510 | -12.5% |
| Operating profit (loss) | 9901 | €68,146 | €58,946 | -€9,200 | -13.5% |
| Financial income | 75/76B | €162 | €374 | +€212 | +130.7% |
| Recurring financial income | 75 | €162 | €374 | +€212 | +130.7% |
| Financial charges | 65/66B | €54 | €900 | +€847 | +1581.7% |
| Recurring financial charges | 65 | €54 | €900 | +€847 | +1581.7% |
| Profit (loss) for the period before taxes | 9903 | €68,255 | €58,419 | -€9,835 | -14.4% |
| Income taxes | 67/77 | €14,689 | €12,823 | -€1,866 | -12.7% |
| Profit (loss) for the period | 9904 | €53,565 | €45,596 | -€7,969 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,565 | €45,596 | -€7,969 | -14.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.